Tagged: europe

Neobank N26 Executive Predicts there will be As Many Digital Bank Accounts as Traditional Ones, but Global Fintech Reports Suggest Otherwise

  Digital banks are on track to serve as many clients in Ireland as traditional banking service providers, according to N26, an all-digital challenger that recently secured $100 million in funding for its ongoing growth and development. The German neobank reports double-digit growth in the… Read More

UK’s NatWest Reports Significant Increase in Local Businesses Accepting Payment Cards, as they Move Away from Cash Due to COVID-19

Consumers across the globe continue to increasingly use digital payments options instead of physical cash, due to COVID-19. NatWest claims that it has witnessed a significant increase in UK businesses that are now ready to accept payment cards. The lender notes that 70% of local… Read More

European Regulators Only Issued 34 Payment Institution and E-Money Licenses During First 5 Months of 2020, and 131 Such Permits During Same Period in 2019

The global economy has slowed down considerably during the past few months due to COVID-19. Many businesses and industries have been negatively affected, including financial services providers. The pandemic has destabilized private capital markets. Investments in new initiatives and early-stage companies have decreased significantly. During… Read More

Fintech Credit Kudos, the “Challenger Credit Bureau,” Partners with PwC to Establish Digital Banking Ecosystem Sandbox

Fintech firm Credit Kudos, the “challenger credit bureau,” has teamed up with Big Four auditing firm PricewaterhouseCoopers (PwC), in order to launch a digital banking “ecosystem sandbox.” Credit Kudos is regulated by the UK’s Financial Conduct Authority (FCA). It aims to provide a different and… Read More

Artificial Intelligence Firm, AnalytixInsight, Is Expecting its Fintech Affiliate, MarketWall, to See Increased Demand Due to COVID-19

Artificial Intelligence firm, AnalytixInsight Inc. (TSX-V: ALY; OTCQB: ATIXF) recently revealed that it’s expecting its Fintech affiliate, MarketWall, to benefit from the new trend toward the increased use of digital channels, due to the COVID-19 outbreak. AnalytixInsight says that its analysis is based on Intesa… Read More

Singapore’s Silverlake Symmetri Becomes Distribution Partner of Swedish Fintech Dreams’ Savings and Investment Platform in Asia, Middle East

Stockholm-based Dreams is a Fintech firm that focuses on providing a consumer-based app to help people live sustainably by developing good savings habits. The company’s app and services aim to help users make better use of their income, make smart investments, pay off debts, and… Read More

Igal Rotem: Founder of Fintech Credorax Discusses Business Continuity Plans During COVID-19 Crisis

The economic downturn due to the Coronavirus (COVID-19) has led to small businesses re-evaluating their operations and business plans, in order to survive during these challenging times. Fintech firms and digital banks have been forced to lay off their employees as they try to cut… Read More

Hong Kong Cryptocurrency Platform Crypto.com: MCO Visa Card Now Shipping In Europe

Hong Kong-based cryptocurrency platform Crypto.com announced on Friday its MCO Visa card is now shipping to a total of 31 countries in Europe. The platform claims it is the only crypto card provider offering cards in Asia, the full EU, and the U.S. Crypto.com reported… Read More

Fintech Job Security Report: B2B Financial Technology Company Employees at Lower Risk of Losing Jobs than Customer-Facing Roles at Neobanks During COVID-19

Although certain Fintech firms may be dealing with a funding freeze or they may be generating lower revenues, the UK’s financial technology industry most likely won’t experience as many problems due to COVID-19, when compared to other sectors. This, according to a recent report from… Read More

Open Banking: Danish Accounting Platform Billy to Help SMEs Work with Financial Data from Banks

Danish small business accounting platform Billy aims to leverage Open Banking technology and processes, in order to gain access to SMEs’ data from banks. Billy aims to use its cloud platform to transform how SMEs perform their accounting work. Billy claims around 18,000 customers in… Read More

German Neobank Bitwala to Allow 80,000 Customers to Buy, Hold, Earn Interest on Bitcoin (BTC)

Germany-based neobank Bitwala will allow its 80,000+ customers to buy, hold, and earn interest on Bitcoin through their bank accounts. Bitwala’s new cryptocurrency service is being offered through a partnership with the developers of the Celsius Network, a major digital assets lending platform. DefiPrime data… Read More

Zurich-based Mobile Banking App Provider Numbrs to Lay Off 62 Employees, After Investors Decide to Back Out

Zurich-based Numbrs, a mobile banking app provider, will be laying off 62 employees after investors backed out of a deal to allocate funds toward the development of the firm’s business. In August 2019, the Fintech firm claimed that it was valued at around CHF 1… Read More

Sweden-based Banking Challenger Rocker Chooses Finnish Fintech Enfuce as Official Card Issuing and Payment Processing Partner

Sweden-based banking challenger Rocker has reportedly chosen Enfuce, a Finland-headquartered Fintech firm, as its official card issuing and payment processing partner. The move should streamline processes involving the issuance of Visa prepaid cards. The news has come after Rocker (previously operating as Bynk) introduced a… Read More

Bitcoin (BTC) Remains a Widely-Used Cryptocurrency for Dark Web Transactions, a New Report Claims

A recent report from Rand (Research And Development) Corporation, an American non-profit global policy think tank that’s funded by the US government (and private endowment corporations, universities, and private individuals), claims that Bitcoin (BTC), the flagship cryptocurrency, is being used to carry out a relatively… Read More

Digital Asset Exchange Bittrex Global to Introduce its Own Exchange Token

Bittrex Global, Bittrex’s European digital asset exchange partner, revealed on May 5, 2020 that it will be issuing an exchange token next month. Founded in October of last year and based in Liechtenstein, the cryptocurrency trading platform has been built using the same technology stack… Read More

German Fintech Finleap’s Proprietary Platform, Finleap Connect, Introduces White Label Mobile Banking App for E-commerce Businesses

German Fintech Finleap‘s proprietary platform, Finleap Connect, has introduced a white-label mobile banking app that businesses can quickly launch with their own company name and  branding. Finleap’s virtual banking app allows users to maintain an all-digital account, which may be used to conduct e-commerce transactions… Read More

Estonia-based Fintech AskRobin, which Aims to Serves Underbanked Latin Americans, Secures $1.7 Million in Capital

Estonia-headquartered AskRobin, a Fintech firm that manages a financial services marketplace for underbanked Latin American clients, has secured $1.7 million in capital. AskRobin’s seed round received contributions from several venture capital funds, including BENE Asia Capital, Change Ventures, Lemonade Stand, and Vereeni Early Stage Fund…. Read More

Switzerland-based Alpian, a Financial Services Firm for Affluent Investors, Secures CHF 12.2 Million in Funding via Series A Round

  Switzerland-based firm Alpian has secured CHF 12.2 million (appr. $12.54 million) through a Series A investment round. The funds raised will be used to establish a digital-first private bank, which will cater to the nation’s affluent market. As noted in a company release: “Independent… Read More

German Insurtech Getsafe Reportedly Delays Expansion Into Other European Markets Due to COVID-19 Pandemic

Getsafe, a Germany-based insurtech startup, is reportedly delaying expansion into other European markets due to the COVID-19 pandemic. This news comes just a few months after Getsafe announced its expansion into the UK. As previously reported, Getsafe claims it is looking to reinvent insurtech and is… Read More

Germany-based Black Manta Capital Partners Teams Up with Finoa to Offer Custody Solutions for Security Tokens to Institutional Clients

Germany-based Black Manta Capital Partners, a security token offering (STO) platform, has teamed up with Finoa, a digital asset custody firm, in order to offer custody solutions for security tokens to institutional clients. Both companies aim to work together to create a compliant security token… Read More

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