Tagged: europe

May 3, 2023 @ 8:24 am By Omar Faridi  |  

Bits Technology, the Stockholm-based startup that focuses on business and customer identity, announces a new €4 million seed funding raise that will help the company further its mission of reshaping how future fintech products are built. Bits will use the funds from the investment round… Read More

May 3, 2023 @ 8:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) announces that it has reached an agreement on the terms of a recommended all-cash offer for the acquisition of Numis Corporation Plc. Numis is a UK corporate broking and advisory house “providing strategic advice and capital market connectivity to 166 retained… Read More

May 2, 2023 @ 8:36 am By Omar Faridi  |  

UK businesses received, “on average, £237,402 worth of fines following data breaches or violation of data protection rules in the last 12 months, with half (50%) of respondents listing financial data as the most likely to be compromised.” The findings come from ISMS.online’s latest State… Read More

May 2, 2023 @ 8:18 am By Omar Faridi  |  

Berlin-based Fintech Raisin has appointed Cetin Duransoy as the new CEO of Raisin US, effective 1 May 2023. Cetin Duransoy reportedly “brings over 20 years of experience, having served in senior positions at companies including Capital One and Visa.” Before joining, Cetin served “as president… Read More

May 2, 2023 @ 8:13 am By Omar Faridi  |  

Iress recently announced that Reassured, the UK’s “largest” life insurance broker, has selected The Exchange platform in order “to power both its advised and non-advised protection business.” Iress was “chosen after a thorough selection process based on the potential for a long-term partnership and its… Read More

May 1, 2023 @ 9:45 pm By Omar Faridi  |  

Galaxy Digital Holdings Ltd. (TSX: GLXY), a financial services and investment management innovator in the digital asset and blockchain technology sector, and DWS, which claims to be one of the world’s leading asset managers, have entered into a strategic alliance with the aim of initially… Read More

May 1, 2023 @ 8:20 am By Omar Faridi  |  

CryptoUK, which claims to be the “trusted” voice of the UK crypto industry, has published a detailed response to His Majesty’s Treasury’s (HMT) Future Financial Services Regulatory Regime for Cryptoassets consultation paper. Consultation proposals “included strengthening rules for crypto trading platforms and a robust world-first… Read More

April 30, 2023 @ 10:23 pm By Omar Faridi  |  

LendInvest (AIM: LINV), the UK’s platform for mortgages, announces that Wells Fargo (NYSE: WFC) joins its £200 million financing syndicate with National Australia Bank (NAB) in order “to support the continued growth of its Buy-to-Let proposition.” Wells Fargo reportedly “joins a growing roster of global… Read More

April 30, 2023 @ 11:58 am By Omar Faridi  |  

The Nottingham Building Society has announced the appointment of Praven Subbramoney as Chief Lending Officer. Reporting to CEO Sue Hayes, Praven will “lead the development and delivery of The Nottingham’s lending strategy and mortgage proposition driving innovation, transformation and growth as well as focusing on… Read More

April 30, 2023 @ 11:27 am By Omar Faridi  |  

Reviewpad, the platform that helps developers by automating the code review process, has raised a €1M pre-seed round. The investment round was “led by Shilling VC with participation from angel investors Simon Brandhof and Freddy Mallet.” The new round “brings the total raised to date… Read More

April 29, 2023 @ 10:32 am By Omar Faridi  |  

European Payments Initiative (EPI) announced plans to acquire Dutch payment solution iDEAL and payment solutions provider Payconiq International (PQI). EPI is a payment platform “supported by a group of major European banks including ABN AMRO.” EPI’s takeover of iDEAL and Payconiq “marks an ambitious step… Read More

April 29, 2023 @ 10:30 am By Omar Faridi  |  

Tide, which claims to be one of the UK’s leading SME-focused business financial platforms, announced the launch of the MSME Exchange Program (MEP) – which is described as “an initiative designed to localize entrepreneurship and foster bonds between small business owners from India and the… Read More

April 28, 2023 @ 8:26 am By Omar Faridi  |  

Bitpanda are pleased to announce that Raiffeisenlandesbank NÖ-Wien, which forms part of Austria’s major banking group, has become the first major traditional bank in the European Union “to move into digital assets through a planned collaboration with Bitpanda Technology Solutions.” Since launching their digital Investment-as-a-Service… Read More

April 28, 2023 @ 8:24 am By Omar Faridi  |  

TransferMate, the provider of B2B payments infrastructure as a service, has been granted authorization as an Electronic Money Institution (EMI) by the Central Bank of Ireland. Acquiring EMI authorization allows TransferMate “to offer an extended service to their customers and partners.” It means customers can… Read More

April 28, 2023 @ 8:18 am By Omar Faridi  |  

Wayhome, the Gradual Homeownership provider, announced that they have closed a Series A equity funding round of £8 million. The firm’s investment round was reportedly led “by existing investors Allianz X (Stripe, WeLab, CLARK), Augmentum Fintech (interactive investor, Tide, Zopa) and new funders Volution, Love… Read More

April 27, 2023 @ 8:34 am By Omar Faridi  |  

Palantir Technologies Inc., a software and services company which specializes in big data analysis, plans “to expand its operations in Lithuania, after entering into a strategic partnership, together with the Ministry of Defense of Lithuania.” Both parties are planning “to collaborate in developing new digital… Read More

April 26, 2023 @ 8:30 am By Omar Faridi  |  

Atlantic Money is pleased to announce the launch of its referral program, offering users the opportunity “to earn £15 or €15 for each approved person they refer.” Together with its unique “fixed fee” pricing model, the new referral program is “bringing Atlantic Money one step… Read More

April 25, 2023 @ 11:17 pm By Omar Faridi  |  

The EY organization announces an alliance between FintechOS, a financial technology company, and Ernst & Young SRL (EY Romania) “to simplify and support the launch and service of banking and insurance products and support detailed transformation journeys through innovation, business knowledge and the implementation of FintechOS’… Read More

April 25, 2023 @ 10:17 pm By Omar Faridi  |  

CAT Financial Products Ltd. (CATFP), which claims to be one of the leading independent Swiss providers of securities and investment services for structured products, has transformed its front to back office processing efficiency “by implementing the international multi-asset post-trade processing solution” from global Fintech Broadridge… Read More

April 25, 2023 @ 9:58 am By Omar Faridi  |  

Investment platform Lightyear announces the launch of its web application. The requested feature will “enable customers to manage their portfolios, buy/sell shares and research 3,000+ instruments available on Lightyear.” As noted in the update shared with CI, the importance of offering “a web platform has… Read More