Tagged: europe

January 29, 2020 @ 5:01 am By Omar Faridi  |  

Belgium-headquartered SettleMint, an enterprise blockchain firm, has reportedly secured €1.9 million (appr. $2.04 million) through a new investment round. KPN Ventures and Medici Ventures took part in the firm’s latest funding, SettleMint’s management confirmed on January 28. Following the capital injection, the company is planning… Read More

January 28, 2020 @ 9:48 am By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Tuesday it is bringing Apple Pay to its customers across Europe. The company reported that with Apple Pay, customers may make purchases on iPhone, Apple… Read More

January 28, 2020 @ 8:19 am By Samantha Hurst  |  

Gemini Trust Company, a U.S.-based cryptocurrency exchange and custodian, announced on Tuesday it has appointed Blair Halliday as Chief Compliance Officer, as well as UK and European Money Laundering Reporting Officer. According to Gemini, Halliday will oversee the strategic direction of Gemini’s compliance program in the… Read More

January 22, 2020 @ 9:54 am By Samantha Hurst  |  

Digital banking group Monese announced on Wednesday two million customers have officially signed up for its services. Monese reported that in 2019, customer growth tripled with more than 9,000 users now joining its platform every day. At this current growth rate, Monese is on track… Read More

January 21, 2020 @ 7:37 am By Omar Faridi  |  

Michael Spencer, the billionaire founder of ICAP, has reportedly committed £25 million (appr. $32.5 million) to a newly established £100 million (appr. $130 million) Fintech venture fund in the United Kingdom. The fund, called Element Ventures, has been established by Michael McFadgen and Steve Gibson,… Read More

January 16, 2020 @ 9:05 am By Omar Faridi  |  

Lydia, a France-based mobile payments firm, has acquired €40 million (appr. $44.6 million) in funding via a Series B investment round led by Chinese internet giant Tencent. Open CNP, XAnge and New Alpha also took part in the round. Established in 2013, the Lydia peer-to-peer… Read More

January 15, 2020 @ 4:05 pm By Samantha Hurst  |  

Cross-border savings and investments marketplace Raisin announced on Wednesday it is acquiring software company Choice Financial Solutions. Raisin reported that the acquisition will make its first real innovation to the U.S. deposits market in generations broadly accessible to banks across the country. “Raisin will license… Read More

January 14, 2020 @ 11:47 pm By Omar Faridi  |  

Mexico-based Fintech firm Resuelve Tu Deuda has secured $453 million pesos (appr. $24 million) in funding which includes both equity and financing in order to expand its business operations within and outside of the Latin American region. The company’s investment round was led by Alloy… Read More

January 13, 2020 @ 10:59 am By Omar Faridi  |  

BBVA, a major Spanish multinational banking group, is considering the possibility of providing various banking-related products via Amazon (NASDAQ:AMZN). The financial industry has seen a large number of new solutions being introduced during the past few years and there has been a sharp increase in… Read More

January 9, 2020 @ 7:34 am By Samantha Hurst  |  

Hong Kong-based cryptocurrency platform Crypto.com announced on Thursday it has appointed Mariana Gospodinova as its new European general manager. Crypto.com reported that Gospodinova joins its team from Binance, where she headed the operations in Europe and looked after the launch of the crypto to fiat… Read More

December 27, 2019 @ 11:44 am By Omar Faridi  |  

OneConnect recently launched SBI OneConnect Japan (in Tokyo), which is a joint initiative with Japanese financial services giant SBI Holdings. The platform offers cloud-powered and artificial intelligence (AI)-enhanced technological services to local financial institutions in order to assist them with their digital transformation efforts. In… Read More

December 23, 2019 @ 7:21 am By Omar Faridi  |  

The majority of Filipinos still do not actively use online banking services with many locals preferring to visit traditional brick and mortar locations. However, an entire generation of new users in the country is now using digital banking platforms. Europe-based Global bank ING, a financial… Read More

December 19, 2019 @ 9:02 am By Samantha Hurst  |  

UK-based digital banking group Monzo announced on Wednesday it will now allow cash withdrawals in the European Economic Area (EEA) to be free. This news notably follows a change in EU regulation on cross-border payments we’ve decided to remove ATM fees and limits for countries… Read More

December 17, 2019 @ 3:40 pm By Samantha Hurst  |  

Financial services firm Fidelity Investments announced on Tuesday it is planning to establish a new digital asset business that will support European institutional investors. Fidelity Digital Assets, Ltd. will reportedly offer access to enterprise-quality custody and trade execution services for digital assets to investors such… Read More

December 13, 2019 @ 3:48 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday its plan to open a tech hub in Berlin at the beginning of next year. Klarna reported that the new hub will enable it to further build out its product portfolio and services as well as better serve… Read More

December 12, 2019 @ 8:37 pm By Samantha Hurst  |  

Onfido, a global identity verification provider, announced on Thursday it has extended its partnership with European challenger bank bunq to offer users with a trusted identity verification onboarding experience. The duo further explained: “Onfido’s identity verification solution enables secure and simple onboarding for bunq users…. Read More

December 11, 2019 @ 8:08 am By Omar Faridi  |  

N26 Inc., the US-headquartered subsidiary of digital bank N26 GmbH, one of the fastest-growing mobile-based banks in Europe, revealed on December 9 that it’s expanding its Perks program. N26 is one of several European digital banks crossing the Atlantic to compete in the huge US… Read More

December 7, 2019 @ 12:57 pm By Cali Haan  |  

The Council of the European Union, which implements laws for the EU region, has issued a statement on “stablecoin” cryptocurrencies indicating that, “no global ‘stablecoin’…should begin operation in the European Union until the legal, regulatory and oversight challenges and risks have been adequately identified and… Read More

December 6, 2019 @ 8:45 am By Omar Faridi  |  

UK’s OakNorth Bank, which is run by OakNorth, has finalized a deal worth £8 million (appr. $10.5 million) to finance a share repurchase for shareholders of Security Plus, Europe’s leading independent volume cash carrier. Established in 1977, Security Plus currently manages around 3,500 live contracts…. Read More

December 5, 2019 @ 10:18 pm By Samantha Hurst  |  

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Thursday it has launched its service in both Italy and Portugal. As previously reported, Tink provides partners ranging from big banks to individual developers with the technology to securely access financial… Read More