Tagged: europe

March 16, 2022 @ 4:33 pm By Omar Faridi  |  

Moneyhub, the Open Data and payments platform, is teaming up with global electronics manufacturer Samsung in order to facilitate the “first” Open Banking payments on a retail self-service point-of-sale (POS) Kiosk. Moneyhub’s Open Banking payment tech along with Samsung’s self-service ordering and payment solution, “will… Read More

March 16, 2022 @ 11:17 am By Omar Faridi  |  

HSBC (NYSE: HSBC) recently confirmed the closure of 69 physical branch locations across its wider bank network in the United Kingdom, in a move that could impact 400 jobs. In an official statement, the banking institution explained that the decision was taken as part of… Read More

March 16, 2022 @ 9:30 am By Omar Faridi  |  

The Financial Conduct Authority (FCA), the United Kingdom’s financial services industry regulator, is reportedly looking for a professional to head the digital assets unit and build up a new team. This, according to a job posting via LinkedIn. The department head will be required to… Read More

March 16, 2022 @ 7:48 am By Omar Faridi  |  

Treezor, the European firm focused on Banking-as-a-Service (BaaS) solutions, has obtained authorization from the ACPR in order to expand its activities and now “has all the payment service licenses (from 1 to 8).” The new authorizations (i.e. 1, 4, 6, 7 and 8) mean Treezor… Read More

March 16, 2022 @ 1:17 am By Omar Faridi  |  

Konvi, which claims to be first pan-European Crowd-Investment Platform for alternative asset classes, is confirming its $900,000 pre-seed round. Investors reportedly include APX and “value-adding” angel investors including former executives from tech giants like Snap Inc and Shopify. Konvi’s management noted that they are on… Read More

March 15, 2022 @ 3:06 pm By Omar Faridi  |  

UK-based ThinCats, the alternative finance provider to SMEs, has reportedly appointed Billy Ferguson to serve as the firm’s CTO. Ferguson brings considerable professional experience within the IT industry, having previously served in key roles at Aldermore Bank, Allianz Insurance as well as Prudential. Ferguson will… Read More

March 15, 2022 @ 9:24 am By Omar Faridi  |  

The United Kingdom’s Competition and Markets Authority has clarified what may and may not be used for when it is introduced later in 2022. The CMA mandated the use of Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping – which is described as… Read More

March 15, 2022 @ 8:39 am By Omar Faridi  |  

Gretel, a Fintech firm which allows financial services providers to quickly and seamlessly reconnect their clients with lost insurance products, banking accounts, pensions, savings and other investments, recently revealed that it has acquired $1 million in pre-seed funding – which was led by Insurtech Gateway… Read More

March 15, 2022 @ 8:35 am By Omar Faridi  |  

CaixaBank, the financial group in Spain, and BNP Paribas 3 Step IT have announced a new partnership, giving CaixaBank’s professional clients “access to innovative and sustainable IT solutions for the first time.” As noted in the update, CaixaBank will offer its clients – corporate, mid-market,… Read More

March 14, 2022 @ 10:54 am By Omar Faridi  |  

Dedicated prime property investment platform CapitalRise has reportedly appointed Simon Brown as the firm’s new Head of Lending, and Saif Khichi and Ed Groves have joined as credit analysts. In their roles at CapitalRise, Simon will be tasked with all aspects of the platform’s lending… Read More

March 14, 2022 @ 9:52 am By Omar Faridi  |  

CoinShares, one of Europe’s largest and “longest standing” digital asset investment firms, announced that following obtaining approval from the Swiss Financial Market Supervisory Authority, it has “acquired an additional 20.8% stake in Swiss-based FlowBank.” This acquisition was “priced at CHF 24,740,000.” Following the company’s October… Read More

March 14, 2022 @ 8:45 am By Omar Faridi  |  

Recent data from Fintech firm Klarna, an international retail bank, payments, and shopping service, indicates that UK consumers are saving a larger share of their earnings every month when compared to their global peers. However, UK consumers are also less interested in investing their funds… Read More

March 14, 2022 @ 8:40 am By Omar Faridi  |  

Lithuania’s borderless financing platform, Debitum, has shared its financial report for Q4 2021. As mentioned in a blog post, the document “represents the financial and business performance of the SIA DN Operator – the platform owner.” Debitum has noted the following highlights for Q4: Q4… Read More

March 14, 2022 @ 3:43 am By Omar Faridi  |  

Emerald Stay, a Proptech that acquires and grows vacation rental operators, has acquired  127% (€639,780) of its €500,000 target via Seedrs from 154 investors (at the time of writing) with 18 days left in the company’s crowdfunding campaign. Based in Genève, Switzerland, Emerald Stay operates… Read More

March 14, 2022 @ 1:26 am By Omar Faridi  |  

For the most part, February 2022 had “similar figures” to January, making for quite a stable start to the year, the team at European lender Bondora noted. The firm added that during a time when life can “feel uncertain,” they aim to be “a constant… Read More

March 14, 2022 @ 12:30 am By Omar Faridi  |  

Croatian P2P lender Robo.cash recently commented on whether peer-to-peer investors are equal when it comes to “taxing their income.” To address the question, Robo.cash has assessed the European legislative framework. Robocash writes in a blog post that the national legislations of European countries “generally have… Read More

March 13, 2022 @ 9:25 pm By Omar Faridi  |  

Andrejus Trofimovas, CEO of Aventus Group, has noted that the scale of world changes and the problems that we have faced did not seem “so serious” just a few weeks ago. Andrejus writes in a blog post that we all observed: “a real war of this… Read More

March 13, 2022 @ 4:06 pm By Omar Faridi  |  

The team at Landbay notes that they believe that as an established lender, they must be able to demonstrate that they’re using the latest technology and continue to enhance the service they provide. Their online platform stands out “as one of the most advanced in… Read More

March 12, 2022 @ 8:41 pm By Omar Faridi  |  

Lendable, an AI-enhanced consumer finance platform, has announced a £210 million funding round at a valuation “in excess of £3.5 billion.” The round has reportedly been led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP). TIP focuses on… Read More

March 12, 2022 @ 2:45 pm By Omar Faridi  |  

Dutch Buy Now, Pay Later (BNPL) Fintech in3 has secured $11.1 million in capital and entered a deal with payments company Worldline in order to bring its products and services to more merchants. In3 was launched back in 2018 by a professional team that had… Read More