Tagged: europe

February 1, 2021 @ 8:28 am By Omar Faridi  |  

Peer to peer lending marketplace Mintos has confirmed that the first update of its Mintos Risk Scores is now live and accessible. The European loan marketplace provider notes that it’s sharing the first quarterly Mintos Risk Score update “since this numerical model for evaluating risk… Read More

January 31, 2021 @ 2:15 pm By Omar Faridi  |  

Digital asset exchange Kraken has confirmed that it has added support for Flow (FLOW) trading which was introduced on Wednesday (January 27, 2021) at around 15:30 UTC. At the time of the launch, only FLOW tokens that had been earned via staking rewards were tradable…. Read More

January 30, 2021 @ 7:14 pm By Omar Faridi  |  

AllianceBlock, the first “globally compliant” decentralized capital market, has entered into an agreement to join the London Stock Exchange Group’s (LSEG) Partner Platform. According to a release shared with CI, the Partner Platform will provide institutional members “the ability to have direct market access” to… Read More

January 30, 2021 @ 5:25 pm By Omar Faridi  |  

The European venture capital markets managed to perform reasonably well last year, even though there was a significant slowdown in funding or financing following the COVID-19 outbreak (during Q1 2020 and also leading into Q2 2020), Crunchbase data confirms. Funding provided to European startups during… Read More

January 30, 2021 @ 5:04 pm By Omar Faridi  |  

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, recently explained why people should be using its Auto Invest feature. EstateGuru writes in a blog post that the modern world has been “shaped by automation, which is one of the key forces driving progress.”… Read More

January 29, 2021 @ 8:58 pm By Omar Faridi  |  

The Berner Kantonalbank (BEKB) has reportedly integrated with an Open Banking API platform in order to connect partners and various third-party companies. The BEKB is able to easily and efficiently connect with other service providers through the new platform. For customers, this means that they’ll… Read More

January 29, 2021 @ 7:55 pm By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, has confirmed that it will be teaming up with HCL Technologies, an India-based multinational tech firm, in order to offer treasury management technology via the Cloud to smaller banks based in Europe, North America, India, and… Read More

January 29, 2021 @ 5:50 pm By Omar Faridi  |  

Temenos (SIX: TEMN), a banking software company, has revealed that Schroders Wealth Management in Switzerland has decided to use its solution in order to automate and improve its financial advisory business. Schroders Wealth Management will reportedly launch the Temenos Wealth Front Office which is described… Read More

January 29, 2021 @ 2:21 pm By Omar Faridi  |  

The Open Banking Implementation Entity (OBIE) has introduced its variable recurring payments and sweeping consultation phase II. The OBIE, which was created by the UK’s Competition and Markets Authority, recently released its response and has made revisions to its proposals following the initial phase of… Read More

January 29, 2021 @ 8:20 am By Omar Faridi  |  

Cordelia Kafetz, who was responsible for helping to launch Bank of England’s (BoE) Fintech hub in 2018 and has also served in key roles as part of the Payments Policy Team, has reportedly decided to join UK’s digital bank Starling. Starling Bank has confirmed that… Read More

January 29, 2021 @ 8:15 am By Omar Faridi  |  

Germany-based lending company Commerzbank has announced that it will be cutting around 10,000 jobs and will permanently shut down 340 branches by 2024. The company confirmed that it plans to focus more on its digital transformation strategy so that it can lower operational costs and… Read More

January 28, 2021 @ 11:31 pm By Omar Faridi  |  

The Swiss National Bank (SNB) has reportedly registered many new trademarks with the Swiss Federal Patent Office. This, according to a report from Handelszeitung, which mentioned that  these include the “e-franc” and the “digital Swiss franc.” The SNB has also confirmed this particular report. The… Read More

January 28, 2021 @ 10:35 pm By Omar Faridi  |  

Approximately half or 50% of companies that have previously submitted their regulatory reporting on the UK Financial Conduct Authority’s (FCA) Gabriel systems are now using RegData, the regulator recently confirmed. According to the FCA, RegData is central or key to their overall data strategy which… Read More

January 27, 2021 @ 11:30 pm By Omar Faridi  |  

BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), will be providing its Visa Premier cardholders the opportunity to update to a contactless fingerprint option for a… Read More

January 27, 2021 @ 1:30 pm By JD Alois  |  

The European Crowdfunding Network (ECN) has long been the leading voice advocating on behalf of investment crowdfunding platforms across Europe. The member-driven group has been at the forefront of engaging with policymakers at the European Commission – an initiative that finally paid off when new… Read More

January 27, 2021 @ 7:50 am By Omar Faridi  |  

UK-based Fintech Unicorn TransferWise is reportedly expanding its debit card program into many new markets after entering a worldwide deal with payments giant Visa (NYSE:V). Through the partnership, TransferWise will be connecting to Visa’s international transaction processing network (via the Cloud). TransferWise confirmed that it’s… Read More

January 27, 2021 @ 7:46 am By Omar Faridi  |  

Banco Sabadell (BME:SAB), a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain, has reportedly invested €2.5 million in Nomo, an inhouse incubated initiative that spun out from the banking institution. The startup offers various business management tools for SMEs and sole traders…. Read More

January 26, 2021 @ 10:13 pm By Omar Faridi  |  

UK-based challenger bank Monzo is reportedly struggling to maintain operations and may be trying to avoid the same fate as digital bank Xinja which was recently forced to shut down permanently. Fintech analyst Katherine Long from GlobalData recently noted that Monzo has turned into an… Read More

January 26, 2021 @ 8:05 am By Omar Faridi  |  

France-based Buy Now, Pay Later (BNPL) platform Alma has secured €49 million in capital through a Series B funding round. Alma’s management stated that they intend to use the funds raised to support their extensive business expansion plans in 2021. Alma, the French BNPL platform… Read More

January 26, 2021 @ 8:03 am By Omar Faridi  |  

Digital-only banking platform N26 has appointed a new Chief Financial Officer as Maximilian Tayenthal becomes the Fintech firm’s co-CEO. Dr. Jan Kemper is N26’s latest executive hire. Berlin-headquartered neobank N26 confirmed that it promoted company co-founder Maximilian Tayenthal to serve as co-CEO along with current… Read More