Tagged: europe

February 19, 2024 @ 8:09 am By Omar Faridi  |  

Klarna, a global payment provider and shopping assistant, has launched “Sign in with Klarna” to offer consumers a smoother shopping experience with increased control over their own data. The service saves time for consumers “by fast-tracking the online purchase process and, if they consent to… Read More

February 18, 2024 @ 10:14 pm By Omar Faridi  |  

‍Small business optimism returns in 2024, as half of SMEs anticipate growth this year, according to new research from iwoca – one of Europe’s small business lenders. As noted in the update from iwoca, nearly half (47%) of small business owners “surveyed expect that their… Read More

February 18, 2024 @ 12:37 pm By Omar Faridi  |  

The New Startup Index from NatWest and Beauhurst has found that over 900,000 new companies were incorporated in the UK in 2023, making it a record year for new businesses. The startup boom brings the number of active companies “operating in the UK to 5.31m,… Read More

February 18, 2024 @ 10:45 am By Omar Faridi  |  

Building upon its initial enrolment in the Mastercard Engage Program, Episode Six (E6), a global provider of enterprise-grade payment processing and ledger infrastructure, announced it has been selected to join the Mastercard Engage Program for its instalments solution in Europe. Despite the challenging economic environment… Read More

February 18, 2024 @ 9:23 am By Omar Faridi  |  

Velmie has reportedly introduced its business banking platform intended to assist financial services providers and Fintech platforms with enhancing their core product offerings. As noted in the update from Velmie, the Fintech platform allows firms to address business customer requirements, such as taking care of… Read More

February 18, 2024 @ 8:48 am By Omar Faridi  |  

Following a recent collaborative “mystery shopping” exercise between the Malta Financial Services Authority (MFSA) and the European Banking Authority (EBA), several credit institutions have “proactively taken steps to enhance consumer service levels based on the Authority’s recommendations.” The evaluation focused on personal loans and payment… Read More

February 16, 2024 @ 6:07 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

February 15, 2024 @ 10:54 am By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More

February 15, 2024 @ 8:28 am By Omar Faridi  |  

Nucleus Financial Platforms, which claims to be one of the UK’s largest adviser platform groups with over £80bn of assets under administration from 250,000 customers, announces the acquisition of Third Financial. Third Financial is an investment platform and front-to-back wealth management software provider, “serving discretionary… Read More

February 15, 2024 @ 8:19 am By Omar Faridi  |  

IDnow, an identity verification platform provider in Europe, joins a consortium of five partners, including the IOTA Foundation and Walt.id, SPYCE.5, and Bloom Labs with the goal of making Crypto Asset Service Providers (CASPs) and self-hosted wallets compliant with the European Anti-Money-Laundering Regulation and the… Read More

February 14, 2024 @ 11:38 pm By Omar Faridi  |  

Banxa Holdings Inc. is pleased to announce it is the first firm in 2024 to register as a cryptoasset business with United Kingdom’s Financial Conduct Authority (FCA). Management believes this is a critical milestone towards “fulfilling Banxa‘s mission to extend the benefits of crypto to… Read More

February 14, 2024 @ 10:26 am By Omar Faridi  |  

In 2023, the Bank of Russia reports that it had identified 5,735 different entities (companies, projects, individual entrepreneurs and others) with signs of illegal activity , including signs of financial pyramids. According to a report from the Bank of Russia, this is 15.5% more than… Read More

February 14, 2024 @ 8:32 am By Omar Faridi  |  

wefox and Wind Tre have selected HDI Embedded as an insurance partner. The partnership enables greater coverage and “extended warranty solutions for customers of Italian mobile operator Wind Tre.” wefox, which claims to be the world’s leading insurtech, and Wind Tre, the Italian multi-service operator… Read More

February 14, 2024 @ 8:30 am By Omar Faridi  |  

UK’s digital bank Monzo has reportedly reached the 9 million customer milestone. Monzo now claims over 9 million personal account customers, with 2 million joining in the past year. The digital banking platform says it has been at the forefront of the fintech innovation since… Read More

February 13, 2024 @ 8:45 am By Omar Faridi  |  

LendInvest Mortgages, which claims to be the UK’s leading platform for mortgages, has launched a redesigned and updated Mortgages Portal now including LendInvest’s Buy-to-Let mortgages, providing brokers with a one-stop-shop for all LendInvest Mortgages products. Brokers can now access all Residential, Buy-to-Let, and Bridging products… Read More

February 13, 2024 @ 8:30 am By Omar Faridi  |  

Crypto Finance AG, part of Deutsche Börse Group, has reached another milestone in its history. The prudentially FINMA-supervised provider of institutional-grade investment solutions, custody, and trading “for digital assets has now also secured four licenses from the German Federal Financial Supervisory Authority, BaFin.” The licences… Read More

February 13, 2024 @ 5:25 am By Omar Faridi  |  

iDenfy, a Lithuanian Regtech known for its full-stack ID verification service, announced a  partnership with RaiseFX, a key player in the CFD broker sector. This partnership will help RaiseFX offer a user-friendly ID verification workflow, allowing clients to gain access to various trading and investment… Read More

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