Tagged: europe

February 13, 2024 @ 2:48 am By Omar Faridi  |  

NCR Atleos Corporation (NYSE: NATL) says that Banco Sabadell, a large Spanish bank, has selected Atleos as its ATM network partner to provide its customers with easy, secure access to cash and financial services outside of its branches. Banco Sabadell customers will soon be “able to… Read More

February 12, 2024 @ 11:47 am By Omar Faridi  |  

The UK government will invest £100 million in AI research and training regulators on the technology. A good portion of the cash infusion will be spent on new research hubs across the UK. Bridgewise, an AI financial intelligence platform, has shared insights following this announcement…. Read More

February 12, 2024 @ 9:58 am By Omar Faridi  |  

UK Finance has announced the appointment of Thierry d’Argent, CEO of Societe Generale UK; Saif Malik, CEO, UK, Standard Chartered; and Mickey Schiller, CEO of Leumi UK, to its Board, effective 8 February 2024. TS Anil, CEO, Monzo; and Kelly Devine, Divisional President UK &… Read More

February 12, 2024 @ 9:32 am By Omar Faridi  |  

SME anxieties regarding a potential recession have eased by a third (32%) since Q4 2022, though inflation concerns remain, according to iwoca’s Q4 2023 SME Expert Index. Under half (49%) of SME finance brokers surveyed “report their SME clients having any recession fears––a significant drop… Read More

February 12, 2024 @ 8:23 am By Omar Faridi  |  

Kraken is reporting they have obtained a VASP registration from the Dutch Central Bank (DNB), as part of their European growth strategy. In a blog post, digital asset firm Kraken notes that this registration will allow them “to expand into an important European market and… Read More

February 12, 2024 @ 8:17 am By Omar Faridi  |  

Zopa bank has launched its first Cash ISA account in order to help savers level-up their 2024 finances. Zopa bank says its aim is to “help millions of Brits with an ISA account better save by making the £333 billion sitting in Cash ISAs work… Read More

February 11, 2024 @ 11:34 pm By Omar Faridi  |  

Navro – the Fintech previously known as Paytrix that supports international payments for global businesses – reveals that it has been authorized by the Central Bank of Ireland as an Electronic Money Institution (EMI). As per the terms of the license, businesses with international plans… Read More

February 11, 2024 @ 11:33 pm By Omar Faridi  |  

Global fintech Adyen (AMS: ADYEN) has recently published its H2 2023 financial results. Adyen delivered a period of profitable growth as the company reportedly finished its “accelerated investment phase of growing its global team.” Adyen has shared the following H2 2023 figures: Processed volume was… Read More

February 9, 2024 @ 5:47 pm By Omar Faridi  |  

Brite Payments, an enabler of instant bank payments, announced that it has joined The Payments Association EU as a Patron Member. The membership underlines Brite’s commitment “to industry collaboration as it expands its product offering across Europe.” Brite Payments enables instant account-to-account (A2A) payments and… Read More

February 9, 2024 @ 8:47 am By Omar Faridi  |  

Assetz Capital and Aros Kapital have announced an expansion of their partnership in the UK lending market. This is expected to see Assetz Capital deploy more than £200m of Aros Kapital’s funding across various sectors in 2024, “as part of their overall lending volumes.” Having… Read More

February 8, 2024 @ 11:09 am By JD Alois  |  

EstateGuru, an online investment platform based in Estonia, has provided some insight into operations in 2023 According to the online lender, investors contributed €101.9 million to the marketplace. This can be segregated by €92.7 million from retail investors and  €9.2 million from institutional investors. The… Read More

February 8, 2024 @ 8:13 am By Omar Faridi  |  

European Regulatory Technology (RegTech) scale-up Salv has broken new ground by becoming the first technology firm in Europe to secure a regulator-awarded license to operate as a ‘Closed Service KYC Utility’ service provider. The license, granted five years after the standards and regulations were established… Read More

February 8, 2024 @ 7:22 am By Omar Faridi  |  

Napier, the London-based global financial crime compliance Regtech, is pleased to announce that its Anti Money Laundering (AML) platform, Napier Continuum is now available through two new service offerings: Napier Continuum Live and Napier Continuum Flow. These new solutions deliver Napier’s experience in “helping financial… Read More

February 7, 2024 @ 11:25 pm By Omar Faridi  |  

Tuum has reportedly secured a € 25m Series B investment, spearheaded by CommerzVentures and “bolstered by Speedinvest, along with the continued support of our existing investors.” Tuum‘s said the funding round underpinned their “dedication to spearhead a banking revolution with agile, expansive solutions.” Tuum has… Read More

February 7, 2024 @ 9:29 pm By Omar Faridi  |  

Inbank has entered into a partnership with Montonio, a provider of checkout solutions in Estonia. The initial phase of the partnership will “be rolled out in Estonia, with future plans to expand to other markets.” Montonio is known for offering “a range of payment and… Read More

February 7, 2024 @ 6:34 pm By Omar Faridi  |  

Ant International, a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, is expanding its existing partnership with Yapily, the European open banking platform to introduce Europe’s first-ever commercial variable recurring payments (VRPs) for e-commerce via Open Banking… Read More

February 7, 2024 @ 7:57 am By Omar Faridi  |  

UK fintech Atlantic Money is set to offer its fixed-fee money transfers across additional major markets. Within 1.5 years of launching in the UK, Atlantic Money has “met relevant requirements to offer its services in the United States, Canada and Australia.” Users will be able… Read More

February 7, 2024 @ 7:53 am By Omar Faridi  |  

Obligate has formed a strategic partnership with Archax, a digital asset services provider based in London. Through this partnership, Obligate provides its platform “for on-chain capital markets, while Archax contributes its extensive service offering in digital asset management.” As a first service, Obligate clients will… Read More

February 6, 2024 @ 10:27 pm By Omar Faridi  |  

Ironically, according to Dima Kats, CEO of Clear Junction, banks and financial institutions are probably some of the most unbanked segments in the world. From high fees to long settlement times, regulatory pressures to difficulty in accessing multi-country payment options, the issues and barriers facing… Read More

February 6, 2024 @ 10:19 pm By Omar Faridi  |  

Montran has announced the launch of an innovative multi-currency virtual account management platform for Intesa Sanpaolo, Italy’s premier banking institution with a global financial services presence. This platform marks a strategic enhancement in the bank’s ability “to manage multi-currency cash and liquidity for its diverse… Read More