Tagged: europe

September 15, 2020 @ 12:28 pm By Samantha Hurst  |  

Airwallex, an Australia-based fintech company, announced on Tuesday it has launched its card payment acceptance solution in the UK and Europe. Airwallex claims that the solution allows merchants to accept card payments around the world seamlessly and securely. The launch is notably a key part… Read More

September 14, 2020 @ 8:12 am By Omar Faridi  |  

Germany, France, Italy, Spain, and the Netherlands recently asked the European Commission (EC) to draft strict regulatory policies for stablecoins, which are digital assets that are supposed to be backed or pegged 1-to-1 with major fiat currencies like the US dollar or the British pound… Read More

September 13, 2020 @ 9:03 pm By Omar Faridi  |  

Myles Stephenson, the CEO at UK-based Fintech firm Modulr, says he’s pleased to announce that the financial service provider has become a principal issuing member of Mastercard. As explained by the company, this means that their products are “further embedded” in key financial infrastructure and… Read More

September 13, 2020 @ 6:37 pm By Omar Faridi  |  

Credit Suisse Plans New “CSX” Digital Banking Offering Switzerland’s Credit Suisse, a global wealth manager, has revealed that it will be introducing an app-only banking service, in order to compete with challenger banks. At the end of October 2020, Credit Suisse will launch “CSX” and… Read More

September 12, 2020 @ 2:29 pm By Omar Faridi  |  

UK-based Folk2Folk, a peer to peer lender supporting local and rural businesses, has confirmed that it’s still confident that it will be approved to begin lending under the country’s Coronavirus Business Interruption Loan Scheme (CBILS), even though the application deadline will come at the end… Read More

September 12, 2020 @ 11:37 am By JD Alois  |  

In a speech delivered to the ECOFIN press conference in Berlin today, European Commission Executive Vice President Valdis Dombrovskis commented on crypto-assets and stablecoins. It is anticipated that later this month and update will be be presented pertaining to the EU Digital Finance Strategy and… Read More

September 12, 2020 @ 9:24 am By Omar Faridi  |  

Dr. Joshua Ellul, the Chairman of Malta Digital Innovation Authority and Director of Centre for DLTs, University of Malta, has published an open letter to European Union (EU) regulators focused on cryptocurrencies. The letter is also meant to inform relevant policy advisors and makers in… Read More

September 11, 2020 @ 7:51 am By Omar Faridi  |  

Hungarian firm PeasyPay has launched a biometric digital payment system that uses facial and palm recognition to verify customers’ IDs and settle transactions. The Fintech company stated that it will be introducing its biometrics-enabled point-of-sale payments technology in Spain and the UK. Consumers can download… Read More

September 10, 2020 @ 9:05 am By Omar Faridi  |  

Remote working Fintech firm Deel has secured $30 million in capital through a Series B investment round. Deel has managed to acquire $44 in funding during 2020 and its services are reportedly used by more than 500 businesses based in 140 different countries. Deel’s most… Read More

September 9, 2020 @ 11:33 pm By Omar Faridi  |  

While many business sectors in Ireland have seen a substantial decline in activity or revenue due to the COVID-19 crisis, that nation’s Fintech industry attracted significant investments of around $328.6 million during H1 2020. This, according to KPMG’s latest report on Fintech deals during the… Read More

September 9, 2020 @ 9:58 am By Omar Faridi  |  

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, has revealed that it will set up its Fintech incubator and accelerator F10 in Spain. In June 2020, SIX had acquired a controlling interest in BME, the Spanish stock market operator…. Read More

September 8, 2020 @ 10:22 pm By Omar Faridi  |  

Mollie, a European payment processing company, has secured €90 million in capital through a Series B investment round which was led by TCV, a prominent investor that has also participated in rounds conducted by Spotify, Revolut, Netflix, and Nubank, one of the largest digital banks… Read More

September 7, 2020 @ 10:45 pm By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, notes that the Bounce Back Loan Scheme (BBLS) will be ending in early November of this year. The BBLS has been provided via the British Business Bank… Read More

September 7, 2020 @ 1:25 pm By Omar Faridi  |  

RateSetter, a leading UK based peer to peer (P2P) lender that was recently acquired by Metro Bank, has confirmed that it won the award for “Best Loan Provider” for loans of £2,500 or more at the Consumer Credit Awards for 2020. The Consumer Credit Awards… Read More

September 7, 2020 @ 12:25 pm By Omar Faridi  |  

Latvia-based peer to peer (P2P) lender Grupeer has provided an update regarding the current status with the repayments and debt collection processes on its platform. The Grupeer team noted that, as its clients already know, since April 2020, the lender had suspended its “economic activity.”… Read More

September 7, 2020 @ 9:07 am By JD Alois  |  

Open Banking, a concept that is widely discussed but understood by relatively few, is an attempt to enable customers to control their own data while requiring financial services to allow access to this data, when approved, to foster a more robust and competitive financial services… Read More

September 6, 2020 @ 7:44 pm By Omar Faridi  |  

October, a leading European online lender, confirms that State guaranteed loans were recently introduced in France by the nation’s government in order to help businesses during the COVID-19 pandemic, as they might be struggling to maintain operations. October explains that the French government aims to… Read More

September 6, 2020 @ 5:00 pm By Omar Faridi  |  

Online peer to peer (P2P) lender Robo.cash is reportedly getting ready to conduct its initial public offering (IPO) in Australia in December of this year. Robocash Group, which is the parent company of Europe based P2P lender Robo.cash, will be the next Fintech service provider… Read More

September 6, 2020 @ 2:14 pm By Omar Faridi  |  

UK based digital challenger Starling Bank has reportedly joined digital bank Monzo by introducing several new fees for certain services related to its British pound or GBP and Euro bank accounts. As reported recently, Monzo announced two new fees for its customers. The Fintech startup… Read More

September 4, 2020 @ 1:02 pm By Samantha Hurst  |  

Mercuryo.io, an Estonia-based cryptocurrency payment processing solutions provider, has reportedly secured €2.5 million through its Seed funding round, which was led by Target Global. Founded in 2018, Mercuryo.io describes itself as a crypto wallet and BTC acquiring services for businesses. The company’s mission is to… Read More