Tagged: europe

October 26, 2023 @ 6:35 am By Omar Faridi  |  

Shift4 (NYSE:FOUR), a global firm focused on integrated payments and commerce technology, has completed its previously announced acquisition of Finaro, a cross-border ecommerce payments provider and fully licensed bank “with a large European presence.” The completion of this acquisition “expands Shift4’s total addressable market both… Read More

October 24, 2023 @ 1:40 pm By Omar Faridi  |  

Following the announcement of Ireland as our MiCA entity location, Coinbase (NASDAQ:COIN) are pleased to announce that they are strengthening our presence in Benelux and the Nordics, a key market for Coinbase. This move underscores Coinbase‘s increased commitment to continental Europe. Elke Karskens will reportedly… Read More

October 24, 2023 @ 10:45 am By Omar Faridi  |  

Revolut, the financial super app with more than 35 million customers worldwide, added stocks of 70+ European-listed companies to its investment offering across the European Economic Area (EEA). Investment services in the EEA are “provided by Revolut Securities Europe UAB.” With Revolut, investments in European-listed… Read More

October 24, 2023 @ 9:29 am By Omar Faridi  |  

International insurtech bolttech announced its partnership with Three Sweden, an innovative telecommunications service provider based in Sweden, in order “to offer comprehensive device protection solutions to customers both online and in-store.” This strengthens bolttech’s existing collaboration “with CK Hutchison Holdings (CKHH), building on other key… Read More

October 24, 2023 @ 7:34 am By Omar Faridi  |  

Allica Bank claims that it is “exposing” a “hidden” £7.5 billion a year savings penalty on the country’s hard-pressed SMEs – and is calling “on the wider banking industry to give SMEs a better deal.” While the cost-of-living crisis has led to significant pressure on… Read More

October 24, 2023 @ 7:31 am By Omar Faridi  |  

TAB, the real estate finance and investment house set to have a £500m loan book in 2024, has completed a private securitisation facility with NatWest and Atalaya Capital Management of “up to £300m to support TAB’s lending products.” Both funding partners support TAB’s commitment to… Read More

October 24, 2023 @ 7:11 am By Omar Faridi  |  

UK law firms have cited macroeconomic volatility as their greatest concern, but this has not impacted growth ambitions, with 100% and 93% of Top 100 firms expecting to increase revenue and profits respectively in the next year (by an average of 9.3% for revenue and… Read More

October 23, 2023 @ 10:43 pm By Omar Faridi  |  

The scale of Christmas / holiday spending cutbacks due to the cost of living is highlighted in new research from KPMG UK – which shows consumer intention “to cut back on buying gifts, groceries and socializing.” Over 2600 UK consumers were surveyed for KPMG –… Read More

October 23, 2023 @ 10:39 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent adviser platform groups, explains the impact of today’s inflation figures “on triple lock calculations for state pensions from April 2024 and calls for a sensible discussion around the future of the triple lock and the state pension… Read More

October 23, 2023 @ 1:46 pm By Omar Faridi  |  

Moonfare has appointed Dr. Lorenz Jüngling, currently managing director, chief operating officer, and chief financial officer, “as Co-CEO, alongside Moonfare founder, chairman and current CEO Dr. Steffen Pauls. Jüngling, a Ph.D. material scientist and physicist by training, currently oversees Moonfare’s R&D, finance, operations and compliance… Read More

October 23, 2023 @ 11:10 am By Omar Faridi  |  

The vast majority of SME finance professionals expect the Government to miss its target of halving inflation by the end of the year, iwoca’s Q2 2023 SME Expert Index finds. The new research, carried out with over one hundred SME finance brokers “who collectively submitted… Read More

October 23, 2023 @ 7:37 am By Omar Faridi  |  

Osborne Clarke has supported a new report published by Whitecap Consulting, which shows the FinTech sector in the South West includes more than 190 FinTech firms and contributes more than £1 billion to the regional economy annually. The new report is the result of a… Read More

October 22, 2023 @ 5:18 pm By Omar Faridi  |  

UK Regtech docStribute, specialists in document distribution solutions, is pleased to announce a strategic partnership with Chorley Building Society. Digitalization is a vital step for “building societies and the partnership with docStribute demonstrates Chorley Building Society’s dedication to operational efficiency, enhanced Member engagement, and regulatory… Read More

October 22, 2023 @ 4:46 pm By Omar Faridi  |  

Northern Trust (Nasdaq: NTRS) is expanding the global presence of its Front Office Solutions (FOS) business with the addition of new clients in the EMEA (Europe, Middle East and Africa) region. Globally, FOS has nearly $500B in assets under administration as of July 2023. The… Read More

October 22, 2023 @ 5:07 am By Omar Faridi  |  

Accenture (NYSE: ACN) has acquired ON Service GROUP, a provider of business process services, specialized in insurance operations. Terms of the transaction were “not disclosed.” Acquiring ON Service GROUP enhances Accenture’s capabilities “in insurance operations, expanding the range of services available to clients in Germany… Read More

October 21, 2023 @ 10:12 am By Omar Faridi  |  

Global Invoice Finance provider Accelerated Payments has announced a strategic partnership with UK funding platform Funding Friends in order “to facilitate the accessibility of working capital solutions for UK SMEs and mid to large corporate businesses.” Having previously worked alongside Accelerated Payments Head of UK,… Read More

October 20, 2023 @ 11:06 pm By Omar Faridi  |  

Token.io, the account-to-account (A2A) payment infrastructure provider has announced the expansion of its direct open banking connectivity network to Sweden, Norway, Denmark and Finland, where it now “offers Account Information Services (AIS) and Payment Initiation Services (PIS) services.” This unlocks new opportunities “for Payment Service… Read More

October 20, 2023 @ 10:08 pm By Omar Faridi  |  

Binance has reportedly signed several agreements with new fiat partners for EUR payments, deposits, and withdrawals. According to a blog post from Binance, Users are already migrating to these new services. As explained in the announcement, fiat channels are an important factor in “driving crypto… Read More

October 20, 2023 @ 8:42 am By Omar Faridi  |  

On 8 October 2023, the FCA Financial Promotions Regime brought into effect new rules around qualifying cryptoassets. These rules set out new standards for financial promotions of cryptoassets and “apply to firms offering these products to UK consumers.” Since inception, Gemini claims it has “been… Read More

October 20, 2023 @ 8:36 am By Omar Faridi  |  

bolttech, the international insurtech, announced that it has acquired Digital Care, an embedded protection company based out of Poland. The acquisition is considered to be a major step towards “achieving the Group’s strategic goals in the EMEA region and globally, while accelerating growth, particularly within… Read More