Tagged: europe

November 15, 2021 @ 9:31 am By Omar Faridi  |  

UK-based digital bank Starling recently confirmed that it has committed to “a one third reduction target in its carbon emissions by 2030 and to offset carbon emissions from its own operations and supply chain annually from 2021.” As noted by Starling Bank in a release:… Read More

November 15, 2021 @ 8:55 am By Omar Faridi  |  

Croatian peer-to-peer lender Robo.cash has shared corporate statistics, which highlight the social and geographic shifts of investors and their response to the growing market potential. The Robo.cash platform has “significantly expanded its active investor base in 2021, representing a more than 70% growth,” the company… Read More

November 14, 2021 @ 11:08 pm By Omar Faridi  |  

London-based StepLadder, which claims to be a fast-growing Fintech focused on helping consumers buy their first home, reveals that it has secured 91% (or £686,050) of its £750,000 target with 26 days left in its crowdfunding campaign via Seedrs. Here are some key business highlights… Read More

November 14, 2021 @ 8:06 pm By Omar Faridi  |  

Switzerland’s digital challenger bank YAPEAL reveals that the Swiss Financial Market Supervisory Authority (FINMA) has granted it a license extension in order to provide cross-border services to international clients. As mentioned in the announcement, the services include national payments, cross-border  transfers, a Visa debit card… Read More

November 14, 2021 @ 2:27 pm By Omar Faridi  |  

The team at UK-based digital bank Revolut notes that in December 2020, they had published a blog post to let clients know that if they were holding any XRP tokens in their Revolut accounts at midnight UTC on December 12, 2020, then they would qualify or… Read More

November 14, 2021 @ 1:50 pm By Omar Faridi  |  

The team at European online lender October recently revealed that Lot61 had borrowed €465,000 in order to finance an acquisition of part of their business. As mentioned in a blog post, October spoke to the company’s Australian founder Adam Craig about entrepreneurship, growth and “the… Read More

November 14, 2021 @ 10:57 am By Omar Faridi  |  

EstateGuru, an online investment marketplace that matches borrowers to investors with secured debt securities, notes that in October 2021, their investors financed a total of 104 loans, “valued at €16.9M.” Germany, which is EstateGuru’s largest market, “contributed €4.1M, while the largest volume was in Estonia (€6.1M),”… Read More

November 13, 2021 @ 10:00 am By Omar Faridi  |  

ABAKA has announced the closing of a $5 million second tranche of its Series A round. The company’s investment round has reportedly been co-led by Lingfeng Capital and Thames Trust, along with contributions from new and existing investors. ABAKA‘s management noted that the proceeds will… Read More

November 13, 2021 @ 9:55 am By Omar Faridi  |  

BEQUANT, the digital asset prime brokerage and exchange, has reportedly appointed Huong Hauduc as General Counsel. As mentioned in an update shared with CI, Huong will be helping BEQUANT to “expedite the growth of the business across new jurisdictions and products.” Huong has almost 2… Read More

November 12, 2021 @ 9:38 am By Omar Faridi  |  

ABN AMRO (AMS: ABN) confirmed that it’s the co-founder of the new Energy Efficient Mortgages NL Hub (EEM NL Hub). Charissa Cardon will reportedly represent the banking institution on the EEM NL Hub’s board. As mentioned in the announcement, the EEM NL Hub was “initiated… Read More

November 12, 2021 @ 8:40 am By Omar Faridi  |  

Michael Santner has reportedly joined European payments platform, Nets, part of Nexi Group, as Head of PSP DACH. In this new role, Michael is responsible for digital commerce payment services being offered in the DACH region. His key focus is on the ongoing development and… Read More

November 12, 2021 @ 8:32 am By Omar Faridi  |  

The European Banking Authority (EBA) has released its discussion paper on machine learning “used in the context of internal ratings-based (IRB) models to calculate regulatory capital for credit risk.” As noted in the announcement, the stated aim of the discussion paper is to clearly establish… Read More

November 11, 2021 @ 8:27 am By Omar Faridi  |  

CryptoUK, the “trusted” voice of the United Kingdom’s crypto-assets industry, revealed on November 11, 2021, that it has appointed Rob McWilliam as its new non-executive director (NED). McWilliam has held key executive roles at two of the “most customer-centric” companies in the world, as finance… Read More

November 11, 2021 @ 8:16 am By Omar Faridi  |  

TrueLayer, the international Open Banking platform, has announced a new collaboration with investment platform Lightyear in order to provide instant account funding via Open Banking payments. Lightyear, established by ex-Wise professionals Martin Sokk and Mihkel Aamer, combines multi-currency accounts with unlimited access to 1,000+ international… Read More

November 11, 2021 @ 7:53 am By Omar Faridi  |  

Scila AB, the Stockholm-headquartered independent provider of trade surveillance, anti-money laundering and risk management tech, has established a new regional office in Singapore “covering the Asia-Pacific region.” As mentioned in a release, Scila has worked cooperatively with clients in the APAC region since 2009, and… Read More

November 11, 2021 @ 7:51 am By Omar Faridi  |  

An automatic online service should assist the United Kingdom’s 8 million financially vulnerable households which are currently missing out on £16 billion in benefits that may be owed to them. Not-for-profit lending platform Scotcash stated that its benefits calculator, offered by Inbest, an established Fintech… Read More

November 10, 2021 @ 3:23 pm By JD Alois  |  

The European Securities and Markets Authority (ESMA) has published its final report on the “Draft  Technical Standards under the European Crowdfunding Service Providers for Business Regulation.” As was previously reported, European Crowdfunding Service Providers Regulation (ECSPR) goes into effect today. This enables issuers to raise… Read More

November 10, 2021 @ 8:19 am By Omar Faridi  |  

Crowdcube aims to become the very first platform to operate under new European Union regulations (European Crowdfunding Service Providers or ECSP). Crowdcube, a leading online investment marketplace, will now be “uniquely positioned” to assist even more Europe-based businesses with securing capital while promoting engagement, loyalty,… Read More

November 9, 2021 @ 7:42 am By Omar Faridi  |  

Klarna, the international retail bank, payments and shopping service with 90 million users across the globe, has officially launched operations in Ireland today. As mentioned in the announcement, Klarna will aim to empower Irish consumers with a better overall shopping experience and improved control, transparency… Read More

November 8, 2021 @ 9:59 pm By Omar Faridi  |  

Sber has confirmed the opening of its first research and development (R&D) center in Europe at Web Summit, which is Europe’s largest tech conference, presently being held in Lisbon. Executive Vice President of Sberbank, CTO of Sber, and head of Technology David Rafalovsky commented on… Read More