Tagged: europe

June 14, 2021 @ 3:20 pm By Priyanka Pani  |  

Amsterdam-headquartered Adyen (AMS: ADYEN) is on an expansion spree. After entering the Middle East market, the company has now received a banking branch charter in the United States to establish a Federal Foreign Branch, the company said. Banking licensing overseer, the Office of the Comptroller of… Read More

June 14, 2021 @ 8:30 am By Omar Faridi  |  

The Swiss National Bank, the Banque de France and the BIS Innovation Hub and a private sector consortium being led by Accenture will be carrying out a pilot program by using wholesale central bank digital currencies (CBDCs) for settling cross-border transfers. The private sector consortium… Read More

June 14, 2021 @ 8:13 am By Omar Faridi  |  

Amro Partners, the leading Build to Rent and PBSA investor and operator, has introduced a Venture Capital division that aims to invest in transformational Proptech and Fintech initiatives that address major pain points and promote new, customer-focused business models. Supported by a family office, Amro… Read More

June 14, 2021 @ 8:03 am By Omar Faridi  |  

From startup to a business reporting €2 million in turnover and over a 62% growth when compared with the situation before the COVID-19 outbreak, Ultroneo, the Fintech firm which introduced the GetYourBill solution for instant digital invoicing, is now preparing to branch out into foreign… Read More

June 14, 2021 @ 7:55 am By Omar Faridi  |  

Trust Payments, the multinational unified payments group, has teamed up with Zip, the first Buy Now, Pay Later (BNPL) service to join its diverse network of payment partners. The agreement means that merchants based in the UK that are using Trust Payments’ platform may provide… Read More

June 13, 2021 @ 6:17 pm By Omar Faridi  |  

The team at Lithuania’s Debitum, which offers borderless SME financing services, notes that another month has passed and they would like to provide a platform update for May 2021. Debitum’s management writes in a blog post that they’re pleased to report the positive sentiments in the… Read More

June 12, 2021 @ 10:42 am By Omar Faridi  |  

The Bank for International Settlements (BIS) and the Bank of England (BoE) revealed on June 11, 2021, that they’ve introduced the BIS Innovation Hub London Centre, which is notably the fourth Innovation Hub Centre to have been launched in the last couple years. The BIS… Read More

June 11, 2021 @ 12:57 pm By Omar Faridi  |  

Luxembourg-based Fintech Finologee has reportedly created a hosted system that offers API end-points in order to automate payments and support secure web interfaces which improve workflows and data visualization while establishing a direct connection to the SWIFT network. The product’s development has been supported by… Read More

June 11, 2021 @ 10:25 am By Omar Faridi  |  

The innovation and ventures division at Standard Chartered (LON: STAN) has teamed up with fund manager Franklin Templeton in order to introduce a “wealth, health and lifestyle” consumer platform for Singapore residents. Excited to announce our partnership with @FTI_Global to launch Autumn in SG, a… Read More

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

London-based TreasurySpring, the operator of a fixed-term fund platform, has secured $10 million in capital through a funding round that was led by MMC Ventures and the Anthemis Group. As noted by its management: “TreasurySpring is a financial technology company that is unlocking multi-trillion dollar… Read More

June 10, 2021 @ 1:35 pm By Omar Faridi  |  

UK-based Collegia, the first combined Auto-Enrolment (workplace pension) and Personal Pensions provider, has secured £500,000 in capital ahead of its upcoming launch. Collegia‘s management noted that they’ll use the proceeds to support their planned UK launch this month and will also use the funds for… Read More

June 10, 2021 @ 12:33 pm By Omar Faridi  |  

roThe team at Nordigen notes that it’s just been half a year since they announced Europe’s first “free” Open Banking API, however, they’ve already managed to introduce 1,000 bank integrations and acquire an additional €2.1 million. The Latvia-based Nordigen team writes in a blog post… Read More

June 10, 2021 @ 10:30 am By JD Alois  |  

Consultant group Kearney is out with a warning for retail banks that costs must be reduced or profitability in the coming years may evaporate. According to a study by the firm, retail banks must reduce costs by €35-€45 billion (£25-£32 billion) within the next 3… Read More

June 10, 2021 @ 7:02 am By Omar Faridi  |  

London-headquartered Fintech firm LemonEdge (previously doing business as LemonTree Software) has acquired $2.5 million in capital as part of an oversubscribed round that was led by Sidekick Partners, a venture firm with strong ties to the North American private equity industry. Sidekick Partners is joined… Read More

June 10, 2021 @ 6:59 am By Omar Faridi  |  

Worldline (Euronext: WLN), the European leader in payments and transactional services firm, has teamed up with Microsoft (NASDAQ: MSFT) in order to integrate Dynamics 365 Fraud Protection into Worldline’s digital commerce payments solution. Online fraud has increased considerably during the COVID-19 crisis and resulting economic… Read More

June 9, 2021 @ 11:20 am By Omar Faridi  |  

During the past year, Latvia and Israel have experienced a significant surge in Fintech interest, according to a recent analysis published by the Fintech News Network. Google Trends data for the period between April 2020 and April 2021 reveals that online search queries for Fintech… Read More

June 9, 2021 @ 8:46 am By Omar Faridi  |  

European peer-to-peer lender Bondora notes that 2021 is “proving to be a year of continuous, sustainable growth” for the company. As mentioned in an update from Bondora, dated June 8, 2021, investments and loan originations kept building on the steady momentum they’ve seen since the… Read More

June 9, 2021 @ 8:28 am By Omar Faridi  |  

Germany-based Scalable Capital, a neo-broker and digital wealth management firm, has reportedly secured over $180 million (appr. €150 million) through a Series E round that was led by Chinese tech giant Tencent. Scalable Capital‘s latest investment round included contributions from existing shareholders. The company has… Read More

June 8, 2021 @ 6:00 pm By Priyanka Pani  |  

London-based Yapily, a leading Open Banking infrastructure provider, has launched a new bulk payments service in the UK market. Yapily has started the service by going live with Comma, an SME payments platform in that country.    Yapily claims to have simplified the complex process of bulk payments… Read More

June 8, 2021 @ 12:33 pm By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, revealed on Tuesday (June 8, 2021) that Arkéa Banking Services, a subsidiary of Crédit Mutuel Arkéa and a company focused on banking and insurance services in France, has chosen Finastra’s Fusion Risk solution to help enhance… Read More