Tagged: europe

February 28, 2020 @ 7:50 pm By Omar Faridi  |  

equensWorldline SE, a subsidiary of Worldline, a company specializing in payments and transactional services, has teamed up with UniCredit, a Europe-based financial institution, in order to handle the processing of all SEPA payments, instant payments, multi-currency, and high-value transactions. As mentioned in a press release:… Read More

February 28, 2020 @ 7:18 am By Omar Faridi  |  

Malta-based digital asset exchange Binance has teamed up with Shyft Network, the developer of a public blockchain protocol, in order to ensure that it is complying with updated Financial Action Task Force (FATF) financial market regulations. The Shyft Network was developed to offer a decentralized… Read More

February 28, 2020 @ 7:11 am By Omar Faridi  |  

Reserve banks, clearinghouses, global stock exchanges, payment processing service providers and law enforcement organizations based in Europe have teamed up in order to introduce a cybercrime information-sharing program. The goal of the project, called Cyber Information and Intelligence Sharing Initiative (CIISI-EU), is to protect the… Read More

February 27, 2020 @ 7:26 am By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, has been awarded a banking license from Luxembourg’s financial regulator. Established in 2013, Banking Circle serves as an alternative to the high-cost traditional banking network. The company’s services aim to provide greater financial utility, allowing Fintech firms to gain… Read More

February 26, 2020 @ 7:18 am By Omar Faridi  |  

Fintech Scotland, an independent entity that aims to support the local financial technology-focused community and cluster in the country, has teamed up with Fintech Alliance, a platform that intends to bring together UK-based and global Fintech industry participants. The partnership between the two organizations will… Read More

February 25, 2020 @ 10:19 pm By Omar Faridi  |  

Europe has had a solid year in terms of total Fintech funding as it secured $58.1 billion in capital last year, which is significantly greater than the $43.4 billion the industry acquired back in 2018 – according to a recent report from Big Four auditing… Read More

February 24, 2020 @ 7:30 am By Omar Faridi  |  

Estonia’s e-residency program is a government-backed digital identity initiative that allows individuals and companies to launch a new business in the European nation, even if they do not physically reside there. For example, if you are a German citizen, and are living in Singapore and… Read More

February 23, 2020 @ 6:00 pm By Omar Faridi  |  

Amsterdam-headquartered BUX, a retail brokerage company, confirmed recently that it will be introducing the “soft launch” version of its cryptocurrency trading platform during the first week of next month. However, the Dutch Fintech firm says it’s not aiming for fast customer acquisition. Called “BUX Crypto,”… Read More

February 21, 2020 @ 8:05 am By Omar Faridi  |  

Sweden has reportedly begun piloting an electronic version of its national currency, the krona. The European nation’s government says that the e-krona is a step closer to its official launch as a central bank digital currency (CBDC). The testing of the country’s CBDC will go… Read More

February 20, 2020 @ 8:03 am By Samantha Hurst  |  

Paysend, a UK-based global payments platform,  announced on Thursday the launch of its international mobile money account, the Global Account. According to PaySend, the Global Account’s main goal is to help consumers save up to £2 billion in currency conversions when spending money abroad or… Read More

February 20, 2020 @ 2:31 am By Omar Faridi  |  

OTB Ventures (OTB), a VC fund focused on making strategic investments in technology firms based in central and eastern Europe, has introduced an early-stage tech fund, which is notably the biggest venture capital fund in the region. The fund has reportedly received $100 million in… Read More

February 19, 2020 @ 3:01 pm By Samantha Hurst  |  

Less than a week after launching its equity crowdfunding campaign on Seedrs, European mobile-based payments platform Trisbee has successfully secured its initial €250,000 funding target from more than 60 Seedrs investors.  As previously reported, Trisbee is on a mission to become a completely independent banking… Read More

February 19, 2020 @ 9:21 am By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a leading multinational firm focused on offering financial services technology platforms, has teamed up with Visa, Samsung and PayCore in order to test the use of consumer-grade smartphones as PIN-entry devices for retail sales transactions. The new capability can be accessed… Read More

February 18, 2020 @ 9:37 pm By Samantha Hurst  |  

Trisbee, a European mobile-based payments platform, is now seeking €250,000 through its equity crowdfunding campaign on Seedrs. The platform is currently offering 12.20% in equity at a €1.8 million pre-money valuation. Launched in 2018, Trisbee is seeking to become a completely independent banking and payments… Read More

February 17, 2020 @ 11:51 pm By Omar Faridi  |  

Paris-headquartered Societe Generale, the third-largest bank in France and multinational financial services company, has invested €1.1 million in Mutumutu, a Czech online life assurance company that provides special discounts on premiums for people who maintain a healthy lifestyle. Founded in 2018, Mutumutu was established as… Read More

February 17, 2020 @ 11:31 am By Samantha Hurst  |  

European peer to peer lender Robo.cash announced on Monday it now has 10,000 investors on its platform. Founded in 2017, Robo.cash describes itself as a fully automated investment platform operating within an international financial group comprising loan originators from Spain, Russia, Kazakhstan, Indonesia, Vietnam, and… Read More

February 12, 2020 @ 10:01 am By Samantha Hurst  |  

EasyEuro, a France-based fintech startup, announced this week it secured $4 million through its latest investment round, which was led by Shanghai-based Ally Capital, with participation from seed investors SwiftPass, Geoswift, Huashan Capital and Unity Assets. The funds will be used to launch EasyEuro’s neobank… Read More

February 11, 2020 @ 11:44 pm By Omar Faridi  |  

Deutsche Bank (NYSE:DB), a global investment bank and financial services company based in Frankfurt, Germany and dual-listed in New York Stock Exchange and Frankfurt Stock Exchange (with  €1.34 trillion assets), is reportedly inviting project bids from Amazon, Google and Microsoft in order to upgrade its… Read More

February 11, 2020 @ 11:51 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Monday it is announcing its departure from the UK following Brexit. N26 reported that with the UK now having left the European Union, it will in due course be unable to operate in the UK with its European banking… Read More

February 6, 2020 @ 10:20 am By Omar Faridi  |  

After successfully offering IBAN check-ups in the Netherlands, Rabobank has reportedly spun off Fintech startup SurePay as it gets ready to establish business operations in the United Kingdom, ahead of the launch of the newly developed Confirmation of Payee rules. SurePay presently offers Confirmation of… Read More