Tagged: europe

May 7, 2021 @ 8:43 am By Omar Faridi  |  

The Swiss Payment Monitor reveals that the trend towards credit card use and contactless payment methods has remained steady in Switzerland. The Swiss Payment Monitor is a research initiative that’s supported by the University of St.Gallen and the ZHAW Zurich University of Applied Sciences. The… Read More

May 6, 2021 @ 11:03 pm By Omar Faridi  |  

UK-based banking challenger Monzo notes in a recent product update that it’s now possible to send a payment reminder to someone you may have split a bill with (via the Fintech firm’s app). The Monzo team noted in a blog post: “As of today (May… Read More

May 6, 2021 @ 10:17 pm By Omar Faridi  |  

Peer to peer lending marketplace Mintos reports that in November 2020, Kviku introduced Forward Flow in Euro on Mintos. Now, the company is pleased to announce that it’s offering Forward Flow also in RUB (the Russian ruble). As noted by Mintos: “Forward Flow is a… Read More

May 6, 2021 @ 9:27 pm By Omar Faridi  |  

Croatia’s Robo.cash, a peer-to-peer lending marketplace, reveals that it has wrapped up another successful month for the platform. The Robo.cash team has shared key highlights from last month’s performance (April 2021). The P2P lender reveals that loans worth €8.8 million were funded via its platform… Read More

May 6, 2021 @ 8:37 am By Omar Faridi  |  

Banking Circle, the payments specialist, has revealed that there’s been a significant “uplift in payments flow” and clients just a year after it launched its Banking License. At the end of February 2020, Banking Circle was awarded a Banking License from the Commission de Surveillance… Read More

May 5, 2021 @ 8:21 am By Omar Faridi  |  

UK-based Fintech firm Lanistar, the much-hyped and controversial business venture that has previously claimed it’s owned by some of the “world’s most influential people,” has revealed that it’s managed to acquire the FCA’s approval to serve as an Electronic Money Directive (EMD) agent of payments… Read More

May 5, 2021 @ 8:16 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes in a blog post published on Tuesday (May 4, 2021) that digital asset investment products saw… Read More

May 4, 2021 @ 8:00 am By Omar Faridi  |  

PostFinance, the financial services division of Swiss Post, has teamed up with Swissquote in order to launch a digital banking app, called Yuh. The Fintech app will be available to the public on May 11, 2021. PostFinance and Swissquote had first announced plans to work… Read More

May 4, 2021 @ 7:58 am By Omar Faridi  |  

Adesso Schweiz, a consulting and IT services provider, has teamed up with Hypothekarbank Lenzburg in order to further develop and market Open Banking solutions in Switzerland’s capital markets. As noted by the Adessor Schweiz AG team: “For a business to succeed, you need innovative ideas… Read More

May 3, 2021 @ 7:34 pm By Omar Faridi  |  

The team at UK-based Blockchain.com, a leading crypto wallet, trading platform, and block explorer service, notes that as the crypto community grows and digital currency adoption also gains speed, educational resources like the ones prepared by 99 Bitcoins will be “key to help usher in… Read More

May 3, 2021 @ 7:53 am By Omar Faridi  |  

The Coronavirus crisis has accelerated digital transformation across the world, including the APAC region, which has resulted in many bank branch closures. There’s also been a significant increase in retail banking activities that’s supported by all-digital challenger banks. These virtual banks are digital-first and are… Read More

May 2, 2021 @ 3:27 pm By Omar Faridi  |  

The COVID-19 outbreak has led to nationwide lockdowns and other measures being taken to limit in-person contact in order to prevent the further spread of the virus. Many more individual consumers and businesses are conducting transactions online and are trying to avoid visiting physical locations…. Read More

May 1, 2021 @ 9:17 pm By Omar Faridi  |  

The UK has reached a key stage for the ongoing development of Open Data initiatives.  The Open Banking Implementation Entity (OBIE) is now nearing the completion of creating Open Banking guidelines and the Competition and Markets Authority (CMA) has finalized a consultation on the updated… Read More

May 1, 2021 @ 7:16 pm By Omar Faridi  |  

The Prudential Regulation Authority (PRA), a United Kingdom financial services regulatory body that’s responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers, and major investment firms, has released a discussion paper that looks into developing a simpler and resilient prudential… Read More

May 1, 2021 @ 7:10 pm By Omar Faridi  |  

UK-based Fintech Cashplus, which recently received approval to become a regulated bank after operating as an e-money institution for many years, has expanded its board by welcoming Francesca Shaw as a non-executive director. Shaw will also serve as Chair of the digital bank’s audit committee… Read More

May 1, 2021 @ 3:56 pm By Omar Faridi  |  

ClearBank, the UK’s first “new clearing bank” in over 250 years which aims to bring open competition and transparency to the nation’s financial services sector, has published a report covering the working relationships between banks and Fintechs. The report is titled, How Well are Fintechs… Read More

April 30, 2021 @ 1:07 pm By Omar Faridi  |  

Endeit Capital, a European growth capital company, which is considered to be a leading European tech startup investor, has reportedly committed to investing €250 million into Europe’s digital sovereignty ecosystem. Endeit Capital has acquired this amount of capital within a record time so it can… Read More

April 30, 2021 @ 12:05 pm By Omar Faridi  |  

London-based SumUp, a global payments service provider, revealed on Tuesday (April 27, 2021) that it has appointed its new CTO, with Visual Meta Co-Founder and former CTO, Johannes Schaback, taking up the role as of May 1, 2021. As mentioned in a release shared with… Read More

April 30, 2021 @ 11:07 am By Omar Faridi  |  

Proptech platform LendInvest notes that its founders began operations in response to a UK mortgage market that’s “fundamentally broken.” The LendInvest team points out that for many years, it’s been a market mostly dominated by banking institutions, and acquiring a mortgage can be one of… Read More

April 30, 2021 @ 9:13 am By Omar Faridi  |  

London-based IOWArocks, the international marketplace for data, technology, and services, has reportedly added First To Invest to their platform. First To Invest leverages Big Data and natural language processing (NLP) technologies to gather, structure, and share key events related to public, private firms, and specific… Read More