Tagged: europe

December 15, 2022 @ 11:08 am By JD Alois  |  

The European Central Bank (ECB) announced an interest rate increase of 50 basis points today on three key rates following similar decions by the Bank of England and the US Federal Reserve. The goal is to halt persistent inflation, which is decimating economies around the… Read More

December 15, 2022 @ 8:04 am By Omar Faridi  |  

Zurich-based digital financial services provider, bob Finance, has successfully migrated its full lending portfolio to Mambu’s cloud-native banking platform. This migration “included a move to a locally-based Google Cloud.” bob Finance is “a branch of Valora Schweiz AG, the leading provider of Foodvenience in Switzerland.”… Read More

December 14, 2022 @ 11:46 am By Omar Faridi  |  

Banco Santander (NYSE: SAN) has opened new tech hubs in Malaga, Spain and in Warsaw, Poland to support business units. Together, they will “employ some 1,400 professionals with backgrounds in science, technology, engineering and maths (STEM), who will contribute to the bank’s digital and business… Read More

December 13, 2022 @ 12:30 pm By Omar Faridi  |  

Nexo, which claims to be the “leading” regulated institution for digital assets, has announced its registration “with the Ministry of Finance of Poland as a Virtual Assets Service Provider (VASP) in the country.” This development in Poland “builds on the crypto-native FinTech’s longstanding effort to… Read More

December 13, 2022 @ 7:59 am By Omar Faridi  |  

Blue dot, a tax platform for employee-driven spend for Taxable Employee Benefits analysis and VAT recovery, announced a strategic alliance with KPMG Germany. Through this alliance, KPMG Germany “can now offer the Blue dot Taxable Employee Benefits (TEB) solution directly to their clients, with KPMG… Read More

December 12, 2022 @ 10:57 pm By Omar Faridi  |  

Adyen (ADYEN:AMS), the global financial technology platform of “choice” for leading businesses, has announced that it has partnered with KodyPay, the fully integrated ordering and payment platform for businesses. Adyen’s financial technology “will support the growth of hospitality businesses by powering seamless payments, data analytics… Read More

December 12, 2022 @ 10:54 pm By Omar Faridi  |  

Sopra Banking Software (SBS), which claims to be a leading technology partner to more than 1,500 financial institutions worldwide, announced it has been “selected as preferred supplier for Bevan Money, a digitally focused start-up who will provide retail mortgage and savings products to the UK… Read More

December 11, 2022 @ 11:07 pm By Omar Faridi  |  

Bank of Ireland announced 2030 greenhouse gas emission reduction targets which have been formally “validated by the Science Based Targets initiative (SBTi).” The Bank is reportedly the first Irish bank, and one of the first in Europe, “to have its goals validated by the SBTi,… Read More

December 11, 2022 @ 11:39 am By Omar Faridi  |  

BNP Paribas Asset Management announces the acquisition of a majority stake in Danish natural resources specialist International Woodland Company (IWC). IWC is headquartered in Copenhagen and reportedly “has more than 30 years’ experience in providing investment management and advisory services within sustainable timberland investments, agriculture… Read More

December 10, 2022 @ 8:17 pm By Omar Faridi  |  

The Bank of London, the technology company and the “world’s first” purpose-built global clearing, agency, and transaction bank, announced it has become a Directly Connected Settling Participant (DCSP) of Bacs, which is “owned and operated by Pay.UK, the recognized operator and standards body for the… Read More

December 10, 2022 @ 4:10 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Alpian SA, Switzerland’s “first” digital private bank, has gone live with core banking and payments services “on Temenos Banking Cloud.” The pioneering bank is “running on Temenos Banking Cloud hosted on Microsoft Azure to create an accessible offering that unifies… Read More

December 9, 2022 @ 8:49 am By Omar Faridi  |  

Enfuce, the European cloud-native card issuing and processing platform, and OKQ8, one of Scandinavia’s “largest” fuel companies, under transformation to become a brand within sustainable mobility, have announced the launch of OKQ8’s Visa-branded credit card program, as “part of OKQ8’s larger modernization of both its… Read More

December 9, 2022 @ 8:13 am By Omar Faridi  |  

Fenergo, a compliance solutions provider, announced the appointment of former SunTrust (Truist) compliance executive Tracy Moore as Director of Strategy in the Americas. Moore will “oversee the development and execution of business strategy across Fenergo’s operations in North America, including those in the United States… Read More

December 9, 2022 @ 8:11 am By Omar Faridi  |  

Luxembourg is a country known for its “strong” focus on innovation and is one of the world’s “leading” financial centers, and PayPal (NASDAQ:PYPL) is pleased to announce that they will be “expanding PayPal’s cryptocurrency services to eligible Luxembourgish customers in the coming days.” The introduction… Read More

December 8, 2022 @ 11:57 pm By Omar Faridi  |  

Goji, an FCA regulated, UK-based technology provider that offers investors digital access to alternative investments, announced its partnership with global financial services provider Apex Group Ltd. in order “to enable alternative asset management clients to seamlessly manage all stages of the investor lifecycle.” Apex Group’s… Read More

December 8, 2022 @ 11:36 pm By Omar Faridi  |  

As the colder weather settled in, Bondora platform originations and investment figures are also “cooling.” With “a 6.4% decline in loan originations, as well as a 5.8% decline in investments.” Spain, however, continues “to increase its origination standing.” There was also “a substantial increase in… Read More

December 8, 2022 @ 10:50 pm By Omar Faridi  |  

Zodia Custody, a crypto-asset service provider backed by Standard Chartered and Northern Trust, has “developed and launched a new service: Interchange.” The service “offers an alternative to the pre-funding and margin models on exchanges. Using Interchange, clients can keep their assets with Zodia Custody, while… Read More

December 8, 2022 @ 8:19 am By Omar Faridi  |  

Two of Sweden’s “fastest-growing” Fintech companies are joining forces in a partnership “to provide easier and more accessible growth financing for retailers that import goods.” A unique, simple, and completely digital credit scoring process “enables small and medium-sized businesses to quickly get financing with fair… Read More

December 7, 2022 @ 8:46 am By Omar Faridi  |  

As a licensed platform, Debitum must regularly “conduct internal and external audits.” The latest external audit was performed by Grant Thornton International in October 2022. The subject of this audit was “to inspect how well are managed investors funds and to examine platforms’ procedures and… Read More

December 7, 2022 @ 8:09 am By Omar Faridi  |  

Sometimes, innovation comes “out of frustration.” That was “certainly” the case for kennek, the vertical software solution for lenders. As Thibault Lancksweert, kennek Founder and Co-CEO notes: “Our motivation for starting kennek stemmed from our own frustrations as lenders. We found that, despite the many… Read More