Tagged: europe

July 25, 2021 @ 7:58 pm By Omar Faridi  |  

SIX, the Swiss Stock Exchange which is Europe’s 3rd-largest stock exchange and one the industry’s most-respected post-trade providers, is reporting a “solid” set of results for the first half of 2021. The SIX Swiss Exchange, based in Zurich and serving as Switzerland’s principal stock exchange,… Read More

July 25, 2021 @ 2:22 pm By Omar Faridi  |  

European peer-to-peer lender Bondora reports that originations on their platform keep on rolling in 2021. Last month, originations on the Bondora platform totaled €11,036,285—which represents a 5.9% growth rate when compared to figures from May of this year. This is reportedly the sixth straight month… Read More

July 25, 2021 @ 1:52 pm By Omar Faridi  |  

The team at Properti, a technology-driven real estate firm focused on modernizing residential properties in Europe, reveals that it remains focused on expanding its operations. They recently welcomed Umut Sentürk as their new Chief Operating Officer at Properti AG. As noted in an update from the… Read More

July 25, 2021 @ 12:46 pm By Omar Faridi  |  

According to the Nationwide House Price Index in the UK, the price of the average house in the country surged by 13.4% YoY in June 2021, which is the largest increase seen in more than 17 years – since November 2004, the Blend Network team… Read More

July 25, 2021 @ 11:44 am By Omar Faridi  |  

Azimut Group, with Azimut Investments S.A., is reportedly the first asset management firm based in Luxembourg to acquire authorization to manage digital assets strategies. With this further evidence of the Group’s innovation capabilities, Azimut confirmed that it will be introducing the AZ RAIF Digital Asset… Read More

July 25, 2021 @ 10:40 am By Omar Faridi  |  

UK’s PensionBee (LON: PBEE), an online pension provider, recently revealed that its assets under administration have now more than doubled during the past year. Today we’re delighted to announce that we now administer £2bn of pension savings on behalf of our customers 🎉🎊✨ pic.twitter.com/qhl4cSiISZ —… Read More

July 24, 2021 @ 7:30 pm By Omar Faridi  |  

Banking Circle, the Payments Bank for the digital economy, has chosen SIA, an established European hi-tech firm in payment services and infrastructures, controlled by CDP Equity, in order to introduce its instant payments service in Europe “connecting to the TARGET Instant Payment Settlement (TIPS) service… Read More

July 24, 2021 @ 6:49 pm By Omar Faridi  |  

Cross-border payments Fintech Thunes revealed earlier this week that it acquired Limonetik, a European Payment Methods Platform. The latest acquisition by Thunes should complement the Fintech firm’s existing cross-border payments solutions by enabling companies or businesses to get paid in 70 different countries, using more… Read More

July 24, 2021 @ 3:33 pm By Omar Faridi  |  

Legal proceedings brought by European P2P lending platform Mintos have reportedly managed to recover investors’ money from Aforti “in full.” The Mintos team confirmed in an update, dated July 23, 2021, that all of Aforti’s outstanding investments and pending payments have “now been recovered in… Read More

July 23, 2021 @ 5:51 pm By Omar Faridi  |  

France-based Spendesk, a spend management platform, has acquired €100 million in capital through a Series C round that was led by General Atlantic, an international growth equity company. Spendesk offers finance professionals a software-as-a-services or SaaS spend management system for complete visibility and control on… Read More

July 23, 2021 @ 10:44 am By Omar Faridi  |  

iPipeline, a provider of low code / no code content-enabled digital solutions and services to the financial services sector, reveals that global reinsurance company, PartnerRe, has decided to adopt the iPipeline’s SSG Digital® Platform in order to expand its international protection portfolio. As mentioned in… Read More

July 23, 2021 @ 8:58 am By Omar Faridi  |  

365.bank has announced that it will be leveraging Backbase’s Engagement Banking platform and Mambu’s Cloud-powered banking platform “to pivot to digital-first banking.” As mentioned in the announcement, 365.bank has chosen Engagement Banking tech provider Backbase in conjunction with Mambu, the SaaS banking platform, in order… Read More

July 23, 2021 @ 8:48 am By Omar Faridi  |  

The team at Robo.cash, a Croatian peer-to-peer lender, has shared key strategies for maximizing profitability when using their platform. Robo.cash notes in a blog post that when you are selecting the best investment strategy, it is important to understand how it may benefit others and… Read More

July 22, 2021 @ 8:50 am By Omar Faridi  |  

LGT, a global private banking and asset management group that is owned by the Princely House of Liechtenstein, has reportedly decided to acquire a minority stake in Germany’s digital wealth manager LIQID. As noted by its management: “LIQID is a digital wealth manager that offers… Read More

July 22, 2021 @ 8:29 am By Omar Faridi  |  

Assetz Capital has now been accredited as a recovery loan scheme lender. The team at Assetz Capital, which serves as a marketplace lending platform, notes that the lender will be delivering property-secured loans “between £250,000 and £10m” to SMEs across the United Kingdom, covering commercial… Read More

July 22, 2021 @ 1:19 am By Omar Faridi  |  

Financial exclusion is negatively affecting billions of consumers across the globe, including the younger generations who do not have established credit histories. As the United Kingdom‘s economy tries to recover from the COVID-19 crisis, the nation’s lending platforms are expecting an increase in unsecured lending…. Read More

July 21, 2021 @ 11:45 pm By Omar Faridi  |  

Infosys Finacle, which is part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Santander UK, recently revealed that they’ve introduced  Santander UK’s global cash management platform as part of the institution’s digital transformation efforts. Santander Global Connect is a newly-developed… Read More

July 21, 2021 @ 11:17 pm By Omar Faridi  |  

Planixs, an established provider of real-time, intraday cash, collateral and liquidity management services, reveals that it has introduced the Strategic Reporting Module which comes as part of its Realiti suite. The newly-introduced module will open up Realiti’s extensive dataset to all client queries, thus helping… Read More

July 21, 2021 @ 11:02 am By JD Alois  |  

Yesterday, the European Commission announced an update to the European Union’s anti-money laundering and countering terrorism financing (AML/CFT) rules. Part of the update is a requirement that anonymous crypto asset wallets will be prohibited. Additionally, the Commission is creating a new  EU AML Authority (AMLA)…. Read More

July 21, 2021 @ 7:42 am By Omar Faridi  |  

Railsbank, an established global embedded finance solution provider, and Visa (NYSE: V) are joining forces to promote local Fintech services, with Railsbank becoming a Visa Ready Banking Identification Number (BIN) sponsor. This, according to an update shared by Finextra. Through the BIN sponsor program, all… Read More