Tagged: europe

June 27, 2022 @ 2:00 am By Omar Faridi  |  

Accounting firms are missing a “key opportunity” to adopt Open Banking to help meet the needs of small businesses facing a cash flow squeeze, according to a report by iwoca, which claims to be one of Europe’s largest small business lenders, and AccountingWeb. The report,… Read More

June 27, 2022 @ 1:56 am By Omar Faridi  |  

Deutsche Börse has entered into a cooperation agreement with Kaiko, a crypto market data provider, to make their consolidated crypto data feed “directly accessible to its customers.” In Q4, historical L2 tick-level orderbook data on a T+1 basis and live trade data “will be made… Read More

June 25, 2022 @ 7:09 pm By Omar Faridi  |  

Breega, the European VC built “by founders for founders,” has closed a €250 million venture fund and now celebrates the launch of a Barcelona office along with its London and Paris locations. The fund should enable Breega to finance founders at Series A stage and… Read More

June 25, 2022 @ 7:06 pm By Omar Faridi  |  

Finastra recently announced that Rabobank – a large international financial services group headquartered in the Netherlands – has selected “the latest version of Fusion Global PAYplus for increased efficiency and innovation in payments.” Finastra‘s payments hub will also “help the bank migrate to the new… Read More

June 25, 2022 @ 4:07 pm By Omar Faridi  |  

Alviere, the provider of enterprise software solutions for embedded finance that enables brands to deliver a full suite of financial products and services to customers, fans, and employees, announced it has secured financing from Silicon Valley Bank, the bank of the world’s “most innovative” companies… Read More

June 25, 2022 @ 11:28 am By JD Alois  |  

PSD2 or the European Payment Services Directive 2, has been in force since 2016 but payment services providers had until 2018 to adhere to the rules. The EU directive requires providers to incorporate heightened authentication features as well as taking aim at APIs that may… Read More

June 24, 2022 @ 4:25 pm By Omar Faridi  |  

CoinLoan, which claims to be the only EU-licensed provider of crypto-loan products, has announced a partnership with Elliptic, the global “leader” in crypto-asset risk management. As adoption and investment into crypto continues to increase, “so does the risk of cybercrime.” The range of crypto-assets and… Read More

June 24, 2022 @ 1:17 pm By Omar Faridi  |  

Global Fintech SumUp, the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company “an enterprise value of €8 billion following a decade of rapid growth and global expansion.” The investment round was led by… Read More

June 24, 2022 @ 10:37 am By Omar Faridi  |  

Banking Circle, the tech-led B2B payments bank, has further simplified B2B payments by adding Dynamic Sender Name to the suite of solutions “available to payments businesses.” Delivering a consultative approach to ensure Payments businesses have access to the best payment solution for each customer use… Read More

June 24, 2022 @ 8:33 am By Omar Faridi  |  

As You Sow, a non-profit in shareholder advocacy and Tulipshare, a UK-based activist retail investment platform, recently announced a partnership “to empower retail investors globally to use their shareholder power in support of resolutions on climate, racial justice, and other pressing issues this proxy season.”… Read More

June 24, 2022 @ 8:31 am By Omar Faridi  |  

This month, Funding Circle, one of the UK’s largest small business loan platforms, has refreshed its ‘Money To Do More’ scheme “with enhanced benefits for Funding Circle employees, known as Circlers.” The company has “set aside £300k this year, with each of Funding Circle’s 600… Read More

June 24, 2022 @ 8:27 am By Omar Faridi  |  

The Payment Systems Regulator (PSR) in the UK has set out its plans showing how it proposes “to carry out two market reviews focusing on card fees.” As noted in the update from PSR, one “looks at scheme and processing fees, and the other at… Read More

June 24, 2022 @ 8:23 am By Omar Faridi  |  

Sahil Thapa has reportedly joined from Deutsche Bank to lead tech and innovation teams at Recognise Bank. Sahil Thapa has been appointed Chief Technology Officer (CTO) at Recognise Bank, the digital small business bank “serving the UK’s 3.5 million SMEs with lending and business savings… Read More

June 24, 2022 @ 8:21 am By Omar Faridi  |  

A portfolio with an “optimal” risk-return ratio by the end of 2022 “could yield 13.7%,” according to an update from Robo.cash. Its largest share is allocated towards P2P lending, the team at Robocash wrote in a blog post. In their latest study, Robocash investment platform… Read More

June 24, 2022 @ 8:19 am By Omar Faridi  |  

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More

June 24, 2022 @ 8:08 am By Omar Faridi  |  

Planixs, which claims to be the global leader of real-time treasury tech, recently announced that its customer, FBN Bank (UK) Ltd, has now “gone live with the company’s Real-Time Reconciliations module, an add-on component of the firm’s Realiti® software that will provide the Bank with… Read More

June 23, 2022 @ 1:27 pm By Omar Faridi  |  

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to an update shared with CI. This key milestone comes five years after the digital bank launched its Personal Current Accounts in May 2017, while its… Read More

June 23, 2022 @ 8:04 am By Omar Faridi  |  

Zumo, the Edinburgh-based crypto wallet and payments platform, has appointed Clark Povey as its new Operations Director “to shape the moments that matter in people’s crypto experience.” Clark has more than 20 years’ experience “leading global operations at financial services and technology companies.” He will… Read More

June 23, 2022 @ 8:02 am By Omar Faridi  |  

Citi (NYSE: C) announced that it has selected METACO to develop and pilot digital asset custody capabilities. This collaboration “brings together METACO’s technology and digital solutions with Citi’s expansive custody network to develop a platform to enable clients to store and settle digital assets seamlessly… Read More

June 23, 2022 @ 1:46 am By Omar Faridi  |  

On June 22, 2022, PeerBerry’s business partner, renewable energy company Litelektra, “repaid a EUR 0.7 million loan to investors and paid EUR 35,685 in interest.” Currently, PeerBerry investors can “invest in another Litelektra wind farm project available on the PeerBerry platform with a 10% ROI.”… Read More