Tagged: europe

July 7, 2022 @ 8:07 am By Omar Faridi  |  

HM Treasury had introduced a consultation in July of last year, entitled “Amendments to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 Statutory Instrument 2022.” This consultation outlined how the UK Government intended “to amend the UK’s Money… Read More

July 7, 2022 @ 7:22 am By Omar Faridi  |  

Revolut, the super-app with over 18 million retail customers globally and more than 500,000 corporate clients, is offering Revolut Reader in the United Kingdom and Ireland. A “fast” and ‘powerful” lightweight card reader, the new product is designed “to allow merchants of all kinds to… Read More

July 7, 2022 @ 7:16 am By Omar Faridi  |  

UK-based business financial platform Tide has teamed up with Transcorp International Limited in order to issue prepaid cards intended for SMEs across India. The co-branded Tide Expense Cards should be introduced as an entry product, supported by India‘s card payment network, Rupay. The Tide app… Read More

July 7, 2022 @ 7:07 am By Omar Faridi  |  

allpay recently announced the introduction of their Confirmation of Payee solution. Developed in-house, the tech should enable the Hereford-based payment service provider’s 16,000 Banking Lite cardholders to take advantage of the Open Banking ecosystem. Clients can link up their allpay pre-paid account to other banking… Read More

July 6, 2022 @ 11:12 pm By Omar Faridi  |  

Raylo, the subscription payment platform, recently revealed that it has acquired £6.5 million in additional capital, including an investment from Wayra UK, part of the international telecoms group, Telefónica, along with contributions from existing investors such as Octopus Ventures and Macquarie. The capital will be… Read More

July 6, 2022 @ 9:20 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has appointed six directors as it “expands its headcount to meet a growing remit and to achieve its ambitious strategy, which launched in April.” The appointments announced recently, which fill a mix of new and existing roles, “draw on… Read More

July 6, 2022 @ 8:23 pm By Omar Faridi  |  

CoinShares International Limited (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), which claims to be one of Europe’s largest and “longest standing” digital asset investment firms is pleased to announce that, following receipt of approval from the Autorité des Marchés Financiers (AMF), it has… Read More

July 6, 2022 @ 11:17 am By Omar Faridi  |  

BKN301 – a Fintech creating payment services and Banking-as-a-Service (BaaS) solutions – has acquired €15 million via its Series A round. This, after finalizing the first seed round a few months back. The investment round includes key investors and brings the firm’s valuation to €63… Read More

July 6, 2022 @ 9:47 am By Omar Faridi  |  

Italy’s payments Fintech Nexi NEXII.MI and Greece’s Alpha ACBr.AT bank revealed on Monday (July 4, 2022) that they intend to invest €100 million (appr. $104.55 million) within the next 5 years in the Greek digital payments sector. In 2021, Nexi agreed to acquire Alpha Bank’s… Read More

July 6, 2022 @ 8:41 am By Omar Faridi  |  

The team at Robo.cash noted that they will continue updating clients on the work of platform originators in 2022. RC Riga Singapore started the year confidently, “having significantly increased its loan portfolio.” Here are some key points shared by the Robocash team: 78% of loans… Read More

July 6, 2022 @ 8:38 am By Omar Faridi  |  

Last year, October had carried out a survey among their community of lenders in order to gain insights into the topics they were “eager to learn more about.” One topic came back repeatedly: their platform statistics. To answer your questions related to stats, October is… Read More

July 6, 2022 @ 7:58 am By Omar Faridi  |  

The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD, recently visited Ballycoolin in north Dublin in order to establish the 11 remote working hubs that have been launched as part of Bank of Ireland’s hybrid working model. These hubs are being worked… Read More

July 5, 2022 @ 11:56 pm By Omar Faridi  |  

CACEIS is a major player in the fast-evolving asset servicing sector and “aims to broaden its offering on digital assets with services that meet clients’ growing demand.” Accordingly, CACEIS signed an agreement with Taurus, a Swiss company that claims to be a European market leader… Read More

July 5, 2022 @ 2:52 pm By Omar Faridi  |  

Floan, a budgeting tool that aims to help people travel, by “offering point of sale finance” for flights, has raised 115% (£92,280) of its £80,010 target (at the time of writing) from 68 investors with 24 days left in the firm’s crowdfunding campaign, carried out… Read More

July 5, 2022 @ 11:07 am By Omar Faridi  |  

Talenom Plc has reportedly agreed to acquire the platform business Nomo in an asset deal. Nomo operates from Barcelona, Spain, and its business operations “cover the entire country.” Nomo offers its customers “a comprehensive digital platform for accounting and financial and tax planning.” The platform… Read More

July 5, 2022 @ 9:40 am By Omar Faridi  |  

Goodvest, which is on a mission to build a “sustainable” investment platform committed to fight climate change: 100% personalized & transparent, has secured 187% (€468,760) of its €250,000 target from 379 investors through its crowdfunding campaign, carried out via Crowdcube. There are now 8 days… Read More

July 5, 2022 @ 9:36 am By JD Alois  |  

Last week, it was revealed that the decision-makers for the European Union had come to terms on crypto-asset regulation under the Markets in Crypto Assets (MiCA) legislation. The European Commission announced the MiCA proposal on 24 September 2020 as part of a larger digital finance… Read More

July 5, 2022 @ 8:21 am By Omar Faridi  |  

Vibrant, the Danish app that turns Android mobile devices into points of sale, has raised a €4 million seed round led by byFounders, with Luminar Ventures participating. Vibrant’s mission is “to make monetary merchant-customer transactions easier and more accessible than ever before.” According to Visa,… Read More

July 5, 2022 @ 8:16 am By Omar Faridi  |  

The latest Mintos Risk Score updates based on developments and data from the first quarter of 2022 are live on the Mintos platform. The latest risk evaluation is “based on the first quarter of 2022, but also on some information sourced from the current payments… Read More

July 4, 2022 @ 9:24 am By Omar Faridi  |  

Another loan that was issued by Chain Finance has now “been recovered,” according to an update from Debitum. The loan was issued to a Lithuanian licensed financial institution and now “100% of principal amount, interest, and penalty amount for being late have been credited to… Read More