Tagged: europe

October 26, 2022 @ 11:07 pm By Omar Faridi  |  

Refinitiv, an LSEG business, announced the launch of a secure, personalized, and seamless global digital onboarding solution to help firms enhance their approach to onboarding clients. The recent shift towards online commercial activity has led to an increase in digital and contactless payments, forcing companies… Read More

October 26, 2022 @ 7:56 am By Omar Faridi  |  

Fintech firm Wise (LSE:WISE) is reportedly planning to introduce its Assets investing service across Europe after acquiring an operational license in Estonia. Presently available in the United Kingdom, Assets allows clients to hold cash in their multi-currency accounts in various asset classes, while also being… Read More

October 26, 2022 @ 7:51 am By Omar Faridi  |  

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

October 25, 2022 @ 3:57 pm By Omar Faridi  |  

Following a cyberattack that hit 7-Eleven at the beginning of August 2022, which initially took the chain’s payment and checkout systems out of operation, “a new mobile card payment solution was quickly rolled out in less than a day” through a collaboration with Nets and… Read More

October 24, 2022 @ 11:32 pm By Omar Faridi  |  

Danish Fintech startup, Ztlment, claims it is the “first” in Europe to gain a license that “lets it operate fully regulated payments on top of blockchain.” The company has “raised €1.3 million in pre-seed funding from venture funds specializing in fintech.” The startup’s smart contract… Read More

October 23, 2022 @ 11:47 pm By Omar Faridi  |  

Swiss Fintech startup vestr has structured an oversubscribed financing round, “combining a traditional equity investment with a non-dilutive component.” Led by Elevator Ventures, the venture capital arm of Vienna-based Raiffeisen Bank International (RBI), the investment round “combines the resources of high-profile family offices in Switzerland,… Read More

October 23, 2022 @ 12:30 pm By Omar Faridi  |  

Diebold Nixdorf (NYSE: DBD), a key player in automating, digitizing and transforming the way people bank and shop, and Featurespace, a firm focused on enterprise financial crime prevention, announced that the companies are partnering “to integrate its highly specialized, fraud prevention technology into Diebold Nixdorf’s… Read More

October 22, 2022 @ 7:01 pm By Omar Faridi  |  

Open banking payments platform, Token and Payment Service Provider (PSP), Computop Paygate, have joined forces “to answer the growing demand for Open Banking payments in Europe.” Using Token’s Open Banking connectivity and platform, Computop “enables account-to-account (A2A) payments for eCommerce merchants, whitelabel partners and resellers… Read More

October 22, 2022 @ 3:35 pm By Omar Faridi  |  

Global Fintech Capital on Tap has secured a $110 million corporate revolving credit facility with Atalaya Capital Management “to provide small businesses in the US and UK with a central hub to manage all aspects of their business finances.” Since launching in 2012, Capital on… Read More

October 22, 2022 @ 2:56 pm By Omar Faridi  |  

The agreement between Danske Bank and the consortium of banks behind Vipps to merge MobilePay and Vipps has been “approved by all relevant authorities, including the EU Commission.” The parties expect “to complete the transaction during the fourth quarter of 2022.” The merger was “announced… Read More

October 22, 2022 @ 2:49 pm By Omar Faridi  |  

UK-based challenger bank Atom has appointed Andrew Marshall as the company’s chief financial officer. He will be replacing Atom co-founder David McCarthy whose departure was first reported  in September of this year. Marshall has reportedly worked at Atom for the past six years, holding several… Read More

October 21, 2022 @ 6:34 pm By Omar Faridi  |  

NatWest Group plc has entered into a partnership with the Vodeno Group (comprising of Vodeno Limited and its subsidiaries) which will see the creation of a Banking-as-a-Service (BaaS) business in the UK. This strategic partnership will “enable businesses to embed financial services products such as… Read More

October 21, 2022 @ 1:01 pm By Omar Faridi  |  

Relai, the Swiss bitcoin app, announces its partnership with Checkout.com, the global payments provider. The move reportedly makes Relai the “first and only” bitcoin company “to offer instant transactions through a wallet that’s entirely owned by the customer.” The partnership “means that Relai users will… Read More

October 20, 2022 @ 10:17 pm By Omar Faridi  |  

Banco Santander (NYSE: SAN), which claims to be one of the largest banks in the world with over 157 million customers, and Forgepoint Capital, one of the “leading” venture capital firms focused on cybersecurity, announced a strategic alliance “to drive cybersecurity investment and innovation globally.”… Read More

October 20, 2022 @ 12:09 pm By Omar Faridi  |  

Lloyds Banking Group has introduced Innovation Sandbox in order “to accelerate its collaboration with Fintechs and improve the digital products and services it offers to customers.” Innovation Sandbox will reportedly “help the Group bring a variety of Fintech opportunities through the design and test cycle… Read More

October 20, 2022 @ 8:18 am By Omar Faridi  |  

Nuri was founded in 2015 under the name Bitwala with the purpose “to make Bitcoin spendable.” Over the years, the business has “gone through several transformations and re-positionings, ups and downs,” until it has become Nuri, the bank account “to grow your money.” The team’s… Read More

October 19, 2022 @ 11:47 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), which claims to be the United Kingdom’s largest lending platform for small business borrowers, announced the appointment of Greig McEwan as Chief Technology Officer. Greig joins Funding Circle’s Global Leadership Team, “reporting to CEO, Lisa Jacobs.” Greig is “a customer-driven technology leader… Read More

October 19, 2022 @ 10:27 pm By Omar Faridi  |  

Broadway, a provider of high-performance front-office solutions, announced major upgrades to its Duration Trader algorithm “to meet customer and market needs during an ongoing period of volatile European interest rates.” Broadway clients can now “leverage Duration Trader to efficiently unwind risk, eliminate inefficient manual hedging… Read More

October 19, 2022 @ 8:22 am By Omar Faridi  |  

UK-based open banking and request to pay Fintech firm Ordo has secured £10 million in a Series A round that was reportedly led by Equinox Systems. Established in 2018 by the former management team of the Faster Payments scheme, Ordo allows companies to request payments… Read More

October 19, 2022 @ 8:14 am By Omar Faridi  |  

Paytrix, an embedded payments company for “high-growth” vertical software platforms, announced that it has secured £5 million of new capital.” The investment round was “led by Hambro Perks, an international investment firm focused on private investing, alongside investment from Bain Capital Ventures, Fin VC, Better… Read More