Tagged: europe

June 21, 2022 @ 12:37 am By Omar Faridi  |  

The phenomenon of digitalization is becoming a vital part of our daily life, according to an update from October. So, considering digitalization in European SMEs, the team at October looks into where we currently stand. While new digital solutions are increasingly being used in the… Read More

June 20, 2022 @ 10:24 pm By Omar Faridi  |  

Binance Custody recently announced official support for deposits and withdrawals for IOST, “among other tokens.” With this, IOST joins the list of supported digital tokens in the secure, “regulated,” and insured custody service for the safekeeping of virtual assets services for institutional clients “provided by… Read More

June 20, 2022 @ 2:27 am By Omar Faridi  |  

Salesforce, which claims to be the global leader in CRM, recently announced it is working with Revolut, the global financial Superapp, “to help grow Revolut Business.” Revolut Business launched in 2017 “to provide companies with multi-currency exchange services, merchant acquiring, and corporate debit cards to… Read More

June 20, 2022 @ 2:00 am By Omar Faridi  |  

Funding Circle recently appointed a new Managing Director to lead FlexiPay expansion. Funding Circle, which claims to be one the UK’s largest small business loan platforms, confirmed the appointment of Jerome Fernandez as Managing Director, FlexiPay. FlexiPay is described as “the first short-term finance product… Read More

June 20, 2022 @ 1:01 am By Omar Faridi  |  

Bits of Stock, the stock rewards platform, recently secured $4.4 million in seed funding from Keen Venture Partners and Yellow Accelerator by Snap Inc. On a mission to “reverse” wealth inequality, Bits of Stock intends to use the proceeds “to double its size and onboard… Read More

June 18, 2022 @ 1:50 pm By Omar Faridi  |  

Intesa Sanpaolo announces that it has strengthened its partnership with Nexi, an international firm focused on merchant acquiring, in order “to expand the areas of collaboration.” The latest agreement will “enable the development of both partners’ activities in Croatia.” The agreement, which follows the operations… Read More

June 17, 2022 @ 7:49 pm By Omar Faridi  |  

Aviva reportedly helps millions of customers with planning for their futures so its a key moment for the Open Banking community when they decide “to make a move in this space.” Bud‘s management noted that they’re looking forward “to supporting them along the way.” It’s… Read More

June 17, 2022 @ 6:06 pm By Omar Faridi  |  

SEB Venture Capital is making an investment in one of Europe’s “fastest-growing” automated savings platforms, Lysa. As part of the investment, SEB will “support the company’s continued growth and international expansion.” Lysa was founded in 2015 and has recently “become one of the largest and… Read More

June 17, 2022 @ 3:36 pm By Omar Faridi  |  

Ashman has announced its UK banking license (Authorized with Restrictions or ‘AwR’), which means it has been authorized and regulated “to trade with restrictions by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).” Ashman, which was founded by real-estate entrepreneurs Ashkin Mittal and… Read More

June 17, 2022 @ 2:17 pm By Omar Faridi  |  

Identitii Limited (ASX:ID8) is pleased to confirm it has signed a five-year SLA with the Australian arm of the Dutch-led multinational banking and financial services group, Rabobank. Rabobank Australia will “use Identitii’s Cloud-hosted reporting platform, to help further automate IFTI reporting to AUSTRAC.” John Rayment,… Read More

June 17, 2022 @ 11:26 am By Omar Faridi  |  

Mazepay is pleased to confirm that they’re under the Danish Financial Supervisory Authority (DFSA) supervision. Mazepay is a pan-European payments institute. After a long application and enrollment process, Mazepay have been “granted a pan-European payments institute license by the DFSA, enabling it to handle transactions… Read More

June 17, 2022 @ 8:20 am By Omar Faridi  |  

Berlin-based infrastructure Fintech Upvest announced the closing of a $42 million Series B round – “one of the largest German Fintech funding rounds in 2022.” Bessemer Venture Partners is leading the Series B “with Earlybird and ABN AMRO Ventures doubling down as previous investors and… Read More

June 16, 2022 @ 9:01 pm By Omar Faridi  |  

NatWest recently revealed that it’s introducing a QR code-based version of its online payment service PayIt in order to help companies accept faster payments of invoices. Available within the NatWest Business Banking App and using PayIt as the tech backbone, the feature, called PayMe, allows… Read More

June 16, 2022 @ 2:24 pm By Omar Faridi  |  

BANCOMAT S.p.A and Discover signed a strategic agreement that “increases acceptance for Discover, Diners Club International and network alliance cardholders, all part of the Discover Global Network.” This new partnership will “give cardholders the ability to use their cards and mobile payment products on the… Read More

June 16, 2022 @ 7:57 am By Omar Faridi  |  

With summer firmly upon us, Lisbon’s technology scene is beginning to heat up as it welcomes the launch of “plug-and-play” finance provider, Weavr, to Portugal. In recent times, Portugal has become “a noted hub for startups,” according to an update shared with CI. In fact,… Read More

June 15, 2022 @ 10:11 am By Omar Faridi  |  

Wrisk, which is on a mission to transform the way insurance is sold, “working with leading automotive brands and insurers,” has raised 88% (£1,105,199) of its £1,250,003 target (with 29 days left in the sale) from 275 investors via Seedrs. Located in London, Wrisk operates… Read More

June 15, 2022 @ 8:44 am By Omar Faridi  |  

2021 was the year of considerable growth for PeerBerry, the company claims. The platform has “almost tripled within the previous year.” PeerBerry’s loan portfolio “grew 2,77 times or 177% exceeding EUR 85,43 million at the end of the year 2021.” Last year, through the PeerBerry… Read More

June 14, 2022 @ 11:34 pm By Omar Faridi  |  

LHV UK, a banking services provider to more than 200 Fintech and crypto firms, is pleased to announce its Confirmation of Payee (CoP) service is currently live for all its direct clients. Introduced in July 2020, CoP is a fraud prevention system that’s led by… Read More

June 14, 2022 @ 6:01 pm By Omar Faridi  |  

Fundvest is a solution for consumers who are looking to grow their wealth. It is a user-friendly savings and investments platform that aims to assist clients with focusing on their long-term financial strategy. It will provide access to EU and US stock exchanges and maintain… Read More

June 14, 2022 @ 4:21 pm By Omar Faridi  |  

CaixaBank and Microsoft (NASDAQ: MSFT) have established a joint innovation agreement with the aim of “promoting the application of Artificial Intelligence (AI) in new financial solutions, as well as creating new innovative work environments located in the Metaverse.” The agreement involves the launch of an… Read More