Tagged: europe

June 5, 2024 @ 10:53 pm By Omar Faridi  |  

bunq, which claims to be the second largest neobank in Europe, has partnered with Mastercard to offer its 12.5 million users across Europe a complete overview of their finances. This is achieved by leveraging Mastercard’s Open Banking platform, “which allows users to add accounts from… Read More

June 5, 2024 @ 10:35 am By JD Alois  |  

Yesterday, the Bank for International Settlements (BIS) revealed Project Rialto, a review of the potential for wholesale digital currency or using central bank digital currency (CBDC) in the settlement process for foreign exchange. BIS said that decentralized processes using interlinked payment infrastructures might be considered… Read More

June 5, 2024 @ 8:55 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform that enables embedded finance solutions, announced it is powering the new digital banking application Sumeria, launched recently by French payments firm Lydia Solutions (the company behind the Lydia app). Sumeria has unveiled new digital banking capabilities… Read More

June 5, 2024 @ 8:40 am By Omar Faridi  |  

TWINO Properties’ financial statement for 2023 has been released and they’re sharing key insights behind the Rentals product that was launched in August last year. Here’s a summary of key metrics for 2023, shared by TWINO: Total funding raised: € 655,444 Properties acquired: 3 apartments… Read More

June 4, 2024 @ 9:51 am By JD Alois  |  

Bitpanda, a European Fintech company that specializes in crypto, has announced a partnership with Deutsche Bank regarding payments. Bitpanda states that Deutsche Bank will provide real-time payment services for its users. Deutsche Bank will also provide local IBAN numbers for deposits for German Bitpanda users. This… Read More

June 4, 2024 @ 9:34 am By Omar Faridi  |  

MicroBank, the social bank of CaixaBank, has financed a total of 1,019 education, training, and skills projects for students through its Skills & Education program in Spain throughout 2023. This figure represents an “increase of 49.6% compared to the previous year. In terms of financing… Read More

June 4, 2024 @ 12:08 am By Omar Faridi  |  

PeerBerry’s portfolio grew to €113.12 million last month (from €110.59 million at the end of April) further ensuring our investors a higher invested amount. As expected, the loan supply on the platform “was higher in May than in April.” PeerBerry investors have reportedly “funded €49.13… Read More

June 3, 2024 @ 8:52 am By Omar Faridi  |  

The European Central Bank (ECB) has released the latest results / findings from the consumer expectations survey results, covering the April 2024 period. When compared with March 2024, the ECB update reveals: median consumer inflation perceptions over the previous 12 months were unchanged, while median… Read More

May 31, 2024 @ 9:18 am By Omar Faridi  |  

Breaking new ground in Europe, the Mastercard (NYSE: MA) hub will contribute to further “securing the commerce and payment ecosystem in the region.” Mastercard recently confirmed the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming “the company’s commitment to combatting… Read More

May 30, 2024 @ 8:39 am By Omar Faridi  |  

P2PMarketData and EUROCROWD are pleased to announce a strategic partnership to strengthen services and benefits for our members, particularly crowdfunding platforms operating within the sector. The collaboration reportedly marks “a significant milestone in the crowdfunding ecosystem, as it brings together two prominent entities dedicated to… Read More

May 29, 2024 @ 11:48 am By JD Alois  |  

SeedBlink, a European securities crowdfunding provider approved under ECSPR, has announced an updated platform—an all-in-one equity management and investment platform. SeedBlink aims to boost equity ownership in Europe, which lags behind compared to US investors. SeedBlink says the updated platform will allow issuers and investors to… Read More

May 28, 2024 @ 12:18 pm By Omar Faridi  |  

UnaFinancial, the parent company of the Robocash investment platform, announced an upcoming release of the audited special purpose consolidated financial statements for the year ended December 31, 2023. The financial statements have been prepared in “accordance with the International Financial Reporting Standards (IFRS) and audited… Read More

May 28, 2024 @ 8:25 am By Omar Faridi  |  

B2C2, a global firm focused on institutional liquidity for digital assets, announces it has partnered with Swissquote, the online banking and financial services provider. Developed by Swissquote, Swissquote Exchange (SQX) is “a central limit order book (CLOB) providing deep liquidity as well as a healthy… Read More

May 26, 2024 @ 10:45 pm By Omar Faridi  |  

Wealth platform Lightyear is announcing the launch of its high interest Vaults. These will reportedly be paying UK savers 5.19% AER – which is said to be “the highest rate currently available out of all flexible interest-earning products with no strings attached in the UK.”… Read More

May 24, 2024 @ 9:03 am By Omar Faridi  |  

Upvest, the investment infrastructure provider in Europe, and Raisin, Europe’s marketplace for savings and investment products, are pleased to announce the successful migration of single-digit billion in Assets under Management (AuM). This significant achievement demonstrates “the strength of the partnership between the two fintech leaders… Read More

May 22, 2024 @ 8:51 am By Omar Faridi  |  

Softpay has announced the integration of the Softpay Tap-to-Pay App into the iMin ecosystem. The app can be downloaded from the iMin App Store and “used directly from the iMin Swift 1 Pro smart POS device and the Swift 2 Pro mobile POS device.” This… Read More

May 22, 2024 @ 8:35 am By Omar Faridi  |  

The European Council has now approved a law aiming to harmonise rules on artificial intelligence, the so-called artificial intelligence act. The flagship legislation follows a ‘risk-based’ approach, which means “the higher the risk to cause harm to society, the stricter the rules.” It is the… Read More

May 21, 2024 @ 8:38 am By Omar Faridi  |  

Bank of Ireland is warning consumers about a new wave of purchase scams which is luring consumers to make payments for goods and services through an advertisement online, which then transpires to be fake. In the last year, there has been “a 32% increase in… Read More

May 21, 2024 @ 8:37 am By Omar Faridi  |  

The Digital Identity Regulation has reportedly entered into force. This means that the solution will become available by 2026. A digital ID and personal digital wallet for EU citizens, residents and businesses should help with enabling more frictionless experiences in an online environment. As noted… Read More

May 20, 2024 @ 11:45 pm By Omar Faridi  |  

Talos, the provider of digital asset trading technology for institutions, and One Trading, a crypto trading venue headquartered and regulated in the European Union, announced an integration designed to expand liquidity access for institutions. As part of the collaboration, One Trading joins the Talos network… Read More