Tagged: europe

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

December 5, 2019 @ 6:17 am By Samantha Hurst  |  

Japan-based cryptocurrency exchange bitFlyer announced on Thursday the launch of Instant Buy on its Buy/Sell exchange platform in Europe. The exchange reported that the feature, which is available on desktop and smartphone, allows users to buy cryptocurrency directly from bitFlyer, using a credit card, debit… Read More

November 25, 2019 @ 1:59 am By Omar Faridi  |  

Digital-only banks, or neo-banks, are not dependent on outdated, legacy financial infrastructure. These virtual banks are more efficient than traditional banking institutions because they operate without the costly networks of physical branches. Neobanks have been working towards transforming the retail banking sector in major financial… Read More

November 22, 2019 @ 10:20 am By JD Alois  |  

The EU Artificial Intelligence and Blockchain Investment Fund is planning to invest €100 Million in European startups next year. This is according to note from the European Commission. The new EU investment fund seeks to boost innovation in these two key technologies. The Fund was… Read More

November 21, 2019 @ 5:54 pm By JD Alois  |  

In the European Union, the fifth Anti-Money Laundering Directive (5AMLD) entered into force on 9 July 2018 but impacted firms have until January 10, 2020, to become compliant. Crypto companies, or virtual asset service providers (VASPs), will be expected to step things up and adhere… Read More

November 13, 2019 @ 3:10 pm By JD Alois  |  

The European Crowdfunding Association (ECN), the leading advocacy group for online capital formation in Europe, has published a report on blockchain – distributed ledger technology (DLT) and use cases in alternative finance. The report adds a new acronym “BDLT” thus representing the combination of the… Read More

November 13, 2019 @ 10:03 am By Omar Faridi  |  

A senior executive at CMS, a law firm working with the National Bank of Hungary (MNB) on its Fintech strategy, says Hungary is “behind everyone” when it comes to adopting the latest digital banking technology. The CMS executive stated: “Hungarians do not use sophisticated Fintech… Read More

November 8, 2019 @ 9:58 am By JD Alois  |  

The Council of the European Union has posted a memo, or “draft joint statement,” regarding stablecoins – a hot policy topic these days due to Facebook’s attempt to launch a global, non-sovereign, cryptocurrency. When Facebook revealed the creation of Libra, and the executive body the… Read More

November 5, 2019 @ 1:00 pm By JD Alois  |  

Last month, Crowdfund Insider reported on comments by EC Vice President Valdis Dombrovskis, a Commissioner whose portfolio includes Financial Stability, Financial Services, and the Capital Markets Union, indicating harmonized crowdfunding rules may be forthcoming before the end of the year. In a tweet, Dombrovskis stated… Read More

October 31, 2019 @ 3:30 am By Cali Haan  |  

Deputy finance ministers from France, Germany, Italy, Spain and the Netherlands have been meeting behind closed doors throughout October to devise a strategy to prevent Facebook from launching its proposed Libra cryptocurrency network among its 2.5 billion users next year. According to four sources to Politico EU,… Read More

October 27, 2019 @ 6:53 pm By JD Alois  |  

For some years now there has been a discussion at the European Commission regarding harmonization of online capital formation rules. Today, crowdfunding is regulated at the member state (national) level creating a mish-mash of European regulations that defy the entire concept of a single market… Read More

October 25, 2019 @ 2:14 am By Omar Faridi  |  

Laura McGortey, director of strategic partnership solutions at New York-based BNY Mellon (NYSE: BK), a multinational banking and financial services holding company, says that there is more open banking activity in the US business-to-business (B2B) payments industry, when compared to the Eurozone (on the last… Read More

October 18, 2019 @ 7:57 am By Samantha Hurst  |  

Standard Chartered announced on Thursday it is set to offer clients an extensive range of cash management services out of London and Frankfurt covering the UK and Eurozone countries, following investment in a new cash management infrastructure. According Standard Chartered, the infrastructure is currently scheduled… Read More

October 15, 2019 @ 7:56 am By Samantha Hurst  |  

Plug and Play Amsterdam reportedly held a Soft Launch for its new Smart Cities and Financial Services programs last Wednesday at the Johan Cruijff ArenA. According to Plug and Play, the event brought in more than 80 attendees including six startups and over 30 corporate… Read More

October 4, 2019 @ 2:11 pm By Samantha Hurst  |  

PayRue, a European based wallet focusing on exchange, transfer, and storage of cryptocurrencies, announced on Friday it has teamed up with global investment platform TokenMarket to continue its European expansion. PayRue reported that as part of the partnership, it has acquired TokenMarket’s decentralized crypto exchange… Read More

October 3, 2019 @ 2:26 pm By Samantha Hurst  |  

Insurtech Europe, Plug and Play’s Insurtech platform based in Germany, announced on Thursday the 14 startups that have been selected for its third batch. According to Plug and Play, the program aims to facilitate opportunities for pilots, POCs, and new relationships between the selected batch… Read More

September 24, 2019 @ 1:27 pm By Samantha Hurst  |  

Japan-based cryptocurrency exchange bitFlyer announced on Tuesday it is adding new altcoins to its platform across Europe and the US. bitFlyer reported that its Buy/Sell users in Europe will now be able to buy and sell Bitcoin Cash (BCH), Ethereum Classic (ETC), Litecoin (LTC), Lisk (LSK) and… Read More

September 12, 2019 @ 7:53 am By Samantha Hurst  |  

Global innovation platform Plug and Play announced on Thursday its Fintech Europe accelerator program has selected eight startups for its fourth batch. Plug and Play reported together with Deutsche Bank, TechQuartier, BNP Paribas, Nets Group, UniCredit, Aareal Bank, Abanca, Danske Bank, DZ Bank, Elo, and… Read More

September 10, 2019 @ 2:53 pm By Samantha Hurst  |  

Payments platform Stripe announced on Monday it has launched its services in eight additional European countries. The countries are Poland, Estonia, Latvia, Lithuania, Slovakia, Slovenia, Greece, and Portugal. Stripe claimed since its launch in 2011 tens of thousands of businesses across Europe has asked the… Read More

September 5, 2019 @ 2:23 pm By Samantha Hurst  |  

Digital currency for payments and e-commerce platform Dash announced on Thursday it is now accepted at over 1,000 new merchants and more than 250 ATMs through its partnership with IQ CashNow, a full-service provider specializing in cryptocurrency ATMs, point-of-sale (POS) terminals and e-commerce websites. Dash… Read More