Tagged: europe

March 23, 2020 @ 2:17 pm By Omar Faridi  |  

Italian bank Unicredit is providing a discounting solution to Venchi, a local chocolate and ice cream company. The discounting tool has been developed by FinDynamic, an Italian Fintech firm. It allows firms that are UniCredit clients to optimize how they use their working capital while… Read More

March 22, 2020 @ 6:50 pm By JD Alois  |  

Aescuvest international GmbH has issued a call to crowdfunding platforms to fight the global threat of the Coronavirus or COVID-19. aescuvest has issued a call to support programs to mitigate the economic impact of the pandemic and to promote and fund innovations that may help… Read More

March 22, 2020 @ 1:10 pm By Omar Faridi  |  

Banks in the Netherlands are helping customers perform contactless payments at store locations without requiring them to enter their PIN numbers. This move is part of the extraordinary measures that have been taken to prevent the further spread of the deadly and highly contagious Coronavirus… Read More

March 19, 2020 @ 11:02 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has expanded its e-commerce offer for Chinese online shoppers by integrating with payment method WeChat Pay. Wirecard reported that the solution is ideal for European merchants seeking to enter the Chinese market…. Read More

March 19, 2020 @ 8:49 am By Samantha Hurst  |  

ID Finance, the emerging markets fintech firm, announced on Thursday it has achieved revenue of €81 million in 2019. The company reported that this represents 96% growth for its business in Spain, Brazil, and Mexico. Founded in 2012, ID Finance claims to be a leading… Read More

March 19, 2020 @ 8:10 am By JD Alois  |  

The European Central Bank (ECB) Governing Council has announced a €750 billion bailout package to mitigate the economic impact of the Coronavirus or COVID-19. The ECB decided to: To launch a new temporary asset purchase programme of private and public sector securities to counter the… Read More

March 19, 2020 @ 7:42 am By Omar Faridi  |  

London-based Payhawk, a corporate expense management company, has secured €3 million in seed funding. Founded in Bulgaria, Payhawk’s paperless expense management platform aims to improve the  corporate expense management process. The Fintech firm allows companies to add funds to employee cards and automatically process transactions… Read More

March 16, 2020 @ 12:24 pm By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Monday it is officially shipping MCO Visa debit cards to the UK. The platform reported that the MCO Visa Card range features metal cards with no annual or monthly fees, up to 5 percent cryptocurrency cashback on everyday… Read More

March 14, 2020 @ 11:49 am By JD Alois  |  

Like many jurisdictions around the world, the European Union has announced extraordinary measures to combat the Coronavirus, or COVID-19, including measures to mitigate the impact the illness will have on SMEs. In a statement yesterday, the Commission said it considers the COVID-19 pandemic as qualifying as… Read More

March 13, 2020 @ 12:16 pm By Omar Faridi  |  

Nets, an established Nordic payments firm, has reportedly decided to acquire Polskie ePłatności (PeP) in a transaction that would value the Polish merchant acquirer at around €405 million (appr. $454.3 million). PeP’s business is focused on services that are typically required by small and medium-sized… Read More

March 13, 2020 @ 9:37 am By Omar Faridi  |  

TBC Bank Group PLC, a Georgian bank headquartered in Tbilisi, Georgia, announced on March 12, 2020 that it will be expanding its digital banking services to Germany, in order to take advantage of the leading European nation’s progressive environment for new businesses. The Space digital… Read More

March 13, 2020 @ 8:12 am By Samantha Hurst  |  

Online payments company Skrill announced on Friday it is dropping all fees and foreign exchange charges for those using its Skill Money Transfer service to send funds to Italy. Along with the transfer fee drops, there will also be no charges for recipients in Italy…. Read More

March 13, 2020 @ 8:03 am By Omar Faridi  |  

The Bank of England (BoE), the UK’s reserve bank, has released a discussion paper on virtual currencies. The BoE’s 57-page research document includes an illustrative model of central bank digital currencies, or CBDCs, which could be developed to store monetary value and settle payments by… Read More

March 10, 2020 @ 4:18 pm By JD Alois  |  

Earlier today, the European Commission posted its “SME Strategy for a sustainable and digital Europe.” The strategy is in recognition that “SMEs play a key role in Europe’s industrial fabric, providing two out of three jobs, and are central to the success of this new… Read More

March 6, 2020 @ 3:19 pm By Omar Faridi  |  

Digital banks are establishing new financial industry standards when it comes to better usability, and are introducing handy features such as card management and personal money management. For digital bank users, this will come as no surprise. A recent study published by the consulting company… Read More

March 5, 2020 @ 12:15 am By Omar Faridi  |  

Swisscard AECS, a company that provides American Express, Mastercard and VISA cards for private and business customers, has updated its early collections by using FICO analytics. This has reportedly resulted in a net 50% increase in revenue generated from billable collection expenses.  The update has… Read More

March 3, 2020 @ 1:30 pm By Samantha Hurst  |  

October, a leading European online lender, announced on Tuesday it has reached new milestone. The lending platform revealed €400 million has been borrowed by SMEs on the platform to finance more than 800 projects. Ein weiterer Meilenstein in der Geschichte von October: mit dem heutigen… Read More

March 3, 2020 @ 8:22 am By JD Alois  |  

Online lending services like peer-to-peer, crowdlending, marketplace lending or direct lending, is predicted to hit $9.6 billion in transaction volume in 2020. A 10% year over year rate of growth, according to a new report. European Fintech loans are expected to hit 1.3 million by… Read More

March 2, 2020 @ 7:35 am By Omar Faridi  |  

Ireland-based DX, a Regtech firm focused on developing compliance software, aims to introduce flexible anti-money laundering (AML) checks and processes for Fintech companies. Simon Dix, a lawyer who previously worked at Germany-based digital bank Fidor Bank, has extensive experience dealing with AML compliance matters in… Read More

February 29, 2020 @ 10:50 am By Omar Faridi  |  

Aion, a newly launched subscription-only banking service provider, is establishing its business operations in Belgium. The bank’s management says that it wants people to get the most out of their money. Aion has an artificial intelligence (AI)-enhanced service, called MoneyMax, which is meant to motivate… Read More