Tagged: europe

December 20, 2023 @ 7:50 am By Omar Faridi  |  

Torstone Technology, an SaaS platform for post-trade securities and derivatives processing, is pleased to announce that Davy Capital Markets, Ireland’s capital markets firm and a member of the Bank of Ireland Group, has gone live “on the Torstone Post Trade Platform.” The deployment reportedly marks… Read More

December 19, 2023 @ 11:44 pm By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on serving established businesses with 10-250 employees – now reportedly has 2,000 business current account customers after launching earlier this year. Compared to the millions of UK microbusinesses, the established SME segment that Allica is dedicated… Read More

December 19, 2023 @ 10:00 pm By Omar Faridi  |  

Atom bank, the UK’s app-based bank, is boosting Durham University’s Women in Technology program with two new scholarships aimed “at prospective female students from low-income backgrounds.” The Women in Technology program was inspired “by globally recognized tech leader Dr Anne-Marie Imafidon MBE, and was founded… Read More

December 19, 2023 @ 8:35 am By Omar Faridi  |  

Private credit investor TDC has secured additional commitments to its Impact Fund, unlocking vital resources for ambitious small businesses in the North of England. The Impact Fund, which focuses “on driving job creation across the North of England, was launched in May 2022 after securing… Read More

December 19, 2023 @ 7:09 am By Omar Faridi  |  

The UK economy is limping along while high interest rates and policy uncertainty take their toll on global growth, according to an update from KPMG. KPMG noted that activity has outperformed expectations, but the UK economy “remains weak and vulnerable to shocks.” Here are some… Read More

December 18, 2023 @ 3:46 pm By Omar Faridi  |  

The Green Insurer, a car insurance provider committed to reducing drivers’ impact on the environment, launched a new car insurance product “that rewards customers for driving responsibly.” The Green Insurer calculates “a driver’s carbon footprint by analysing driving data and fusing it with information about… Read More

December 18, 2023 @ 7:52 am By Omar Faridi  |  

Klarna, the AI-powered payments network and shopping assistant, announced an agreement with CarTrawler, the B2B technology provider of car rental and mobility solutions to the global travel industry. Under the agreement, travelers can now pay for their car rental “using Klarna’s full range of flexible… Read More

December 17, 2023 @ 9:51 pm By Omar Faridi  |  

Glory, a global enabler of cash technology solutions for the financial, retail, and quick service restaurant industries, announced the acquisition of additional shares in OneBanx, a fully managed shared banking solutions provider. As a result, Glory now reportedly “holds 91.99% of OneBanx’s outstanding shares. (The… Read More

December 15, 2023 @ 5:05 pm By Omar Faridi  |  

The Swiss credit fintech Teylor and digital asset custody and tokenization provider Taurus launch the Teylor ledger-based security, aiming “to make SME credit accessible as an asset class.” Teylor originates and manages SME loans “through its Teylor credit platform.” By tokenizing part of this credit… Read More

December 15, 2023 @ 3:20 pm By Omar Faridi  |  

ClearBank announced that it is appointing former Starling Bank and Barclays executive Megan Cooper as Chief Product Officer. Cooper will reportedly “lead ClearBank’s product management team and develop product strategy.” ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, recently confirmed in… Read More

December 15, 2023 @ 3:05 pm By Omar Faridi  |  

The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to “broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range… Read More

December 15, 2023 @ 7:55 am By Omar Faridi  |  

Meniga, a firm focused on personal finance management solutions, which has delivered work for large banks and financial institutions, announced that it has raised €15 million in Series D funding. The new investment round has “included European banks, Groupe BPCE and Crédito Agrícola, and the… Read More

December 15, 2023 @ 3:23 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management, announces that Netherlands-based commercial bank NIBC is deploying its software-as-a-solution (SaaS) technology to enhance KYC operations. NIBC – which serves clients internationally with a focus on Europe –… Read More

December 14, 2023 @ 9:10 pm By Omar Faridi  |  

OP and Nordea are establishing a joint venture whose goal is to solve payment challenges domestically. The plan is to develop solutions for paying “by phone number and managing e-invoices that benefit both consumers and companies.” The solution is built to “be open to other… Read More

December 14, 2023 @ 8:14 pm By Omar Faridi  |  

KPMG has recently commented on the one year anniversary of the launch of the Edinburgh Reforms Commenting on 12 months from the launch of the Edinburgh Reforms, Karim Haji, global and UK head of financial services at KPMG said: “One year on from the launch… Read More

December 14, 2023 @ 11:43 am By Omar Faridi  |  

In November 2023, the Estateguru platform continued to perform well. Estateguru reports that it “achieved a loan volume of €7.4M, with a total of €10.6M in repaid principal and €1.2M in repaid interest.” During the first 9 months of 2023, Estateguru’s investors have received “a… Read More

December 14, 2023 @ 8:57 am By Omar Faridi  |  

Mintos is pleased to announce that we just launched new Fractional Bonds on their platform. This is reportedly their first Fractional Bonds offer from iCotton, which is “a manufacturing company with products exported all over Europe, operating since 2011.” In the first 9 months of… Read More

December 14, 2023 @ 8:45 am By Omar Faridi  |  

Regtech Salv, with its suite of tools to help banks and service companies fight financial crime, has raised €3.9m in new funding, “bringing its capital raised this year to €7.9m and total funding to €12.1m.” The round includes investments “from new and existing investors and… Read More

December 14, 2023 @ 7:36 am By Omar Faridi  |  

Debitum notes that there are many Auto Invests in the market, and that they have had an opportunity to try them, adopt the “best” practices, and come up with something innovative. As the P2P industry supports passive investing, Debitum claims that its goal was to… Read More

December 14, 2023 @ 6:14 am By Omar Faridi  |  

In November 2023, investors invested a total of €2.24M  in agricultural projects through HeavyFinance. €1.90M was reportedly paid out for the farmers “with the capital spread across 54 different loans.” As of November 2023, HeavyFinance has “successfully issued a total of 46.63 million EUR in… Read More