Tagged: europe

October 13, 2023 @ 10:14 pm By Omar Faridi  |  

According to the latest Royal Bank of Scotland report on Jobs survey, both permanent staff appointments and temp billings contracted sharply in September. Panellists linked reduced hiring activity “to fewer vacancies, weaker confidence around the outlook, and shortages of suitably-skilled candidates that made it harder… Read More

October 12, 2023 @ 8:46 am By Omar Faridi  |  

cahoot, the UK-based online bank, has increased the interest offered on its Simple Saver account. cahoot Simple Saver (issue 2) now “pays customers 5.12% AER/gross variable rate interest for 12 months, on balances up to £500,0001.” Simple Saver (issue 2) is described as an easy… Read More

October 12, 2023 @ 8:39 am By Omar Faridi  |  

Zilch, the UK-headquartered ad-subsidized payments network, today proudly unveils Zilch Up – a product dedicated to empowering people typically excluded from mainstream credit. This will create access for millions “to build their financial profiles safely and responsibly and without paying any interest.” The introduction of… Read More

October 11, 2023 @ 10:34 am By Omar Faridi  |  

As Klarpay moves past Q3 2023, they have reflected on their recent achievements and upcoming endeavors. Klarpay claims that it has been dedicated “to expanding its services and fostering corporate social responsibility.” Klarpay further claims that it has “become a participant in the SEPA Core… Read More

October 11, 2023 @ 9:29 am By Omar Faridi  |  

Digital bank Revolut has introduced the updated version of its app — Revolut 10 — for its 35 million+ international clients. Revolut noted that clients had asked for all things money made easy, so they challenged themselves to see how easy they could make Revolut… Read More

October 11, 2023 @ 8:23 am By Omar Faridi  |  

One million VRP transactions have been made by UK consumers in just a month and have been powered by TrueLayer. Moving money, simplifying savings, automating credit repayments — whatever it is, variable recurring payments are growing, according to an update from TrueLayer. The company also… Read More

October 11, 2023 @ 8:21 am By Omar Faridi  |  

UnaFinancial, a Singapore-headquartered Fintech group (previously known as Robocash), has teamed up with Velexa, a UK-based wealthtech firm, in order to introduce a digital investing platform in the UAE. UnaFinancial and Velexa revealed that the collaboration aims to leverage Velexa’s expertise in investment tech and… Read More

October 11, 2023 @ 8:16 am By Omar Faridi  |  

Scottish digital bank Alba Bank announced that it will migrate to Mambu’s cloud banking platform to manage its small and medium-sized enterprise (SME) lending services, as well as its retail and business deposits. Alba bank has been approved for a UK banking licence. Alba Bank… Read More

October 11, 2023 @ 6:11 am By Omar Faridi  |  

Onfido, the global firm focused on automated identity verification, announced the results of its partnership with umob, a Mobility as a Service (MaaS) platform that is “transforming the shared mobility and public transportation experience.” Since integrating Onfido’s technology, umob can verify new users “in under… Read More

October 10, 2023 @ 9:26 pm By Omar Faridi  |  

Lloyds Bank has developed a new solution where clients can request digital Direct Guarantees or Standby Letters of Credit, helping them to trade more efficiently, safely, and securely. The bank’s Paperless Guarantee initiative, “created to support businesses who have a high volume of transactions requiring… Read More

October 10, 2023 @ 3:47 pm By Omar Faridi  |  

Following the success in decarbonizing the fashion industry, HeavyFinance reveals that the co-founder of pre-loved clothes marketplace Vinted, Mantas Mikuckas, invests 1M Euros in order to support the green transformation of agriculture. As noted in the update, debt capital will be “deployed to small and… Read More

October 10, 2023 @ 9:20 am By Omar Faridi  |  

Nationwide Building Society’s longstanding commitment to the High Street means it now has the largest number of branches in the UK – which is “more than any other banking brand.” Research from Britain’s biggest building society reveals “around two thirds of people (63%) value their… Read More

October 10, 2023 @ 8:55 am By Omar Faridi  |  

Crypto.com says it’s compliant with the UK Financial Conduct Authority’s (FCA) new rules that went into effect on October 8th. UK customers continue to have uninterrupted access to Crypto.com’s products and services. Crypto.com says it’s “deeply committed to developing their platform and presence in the UK… Read More

October 9, 2023 @ 9:31 am By Omar Faridi  |  

CaixaBank was the exclusive financial adviser to secure €132 million in financing for Eranovum, a Spanish group that is working “to streamline the energy transition, and its international partners Noy Fund and Nofar Energy.” This financing will be “allocated to develop the solar plant in… Read More

October 9, 2023 @ 8:11 am By Omar Faridi  |  

Getsafe, Europe’s neo-insurer based in Germany, has entered into an agreement to acquire the German customer base of French insurtech Luko. With over 550,000 customers across Germany, the UK, France, and Austria, Getsafe “is rapidly expanding its reach in Europe.” The acquisition covers Luko’s entire… Read More

October 9, 2023 @ 7:37 am By Omar Faridi  |  

Metro Bank has announced a successful capital package consisting of the following: a £325m capital raise and a £600m debt refinancing. Metro Bank says it has “secured £325m capital raise, comprising £150m of new equity and £175m of new MREL issuance, alongside £600m of debt… Read More

October 8, 2023 @ 1:56 pm By Omar Faridi  |  

In compliance with the updated Financial Promotions Regime, Binance has reportedly launched a new domain for UK users and partnered with Rebuildingsociety.com Limited which will “approve Binance’s marketing and communications materials.” Rebuildingsociety.com is an FCA regulated firm which is “authorized to approve crypto marketing and… Read More

October 7, 2023 @ 3:34 pm By Omar Faridi  |  

NatWest has launched a new transaction categorization service called Enriched Transactions, which is available to businesses, such as Account Information Service Providers (AISPs) and lending providers, to integrate with their apps and digital platforms. By making the API-enabled service available to businesses, NatWest claims it… Read More

October 7, 2023 @ 3:22 pm By Omar Faridi  |  

In early 2023, TrustPay has reportedly received its Payment Initiation Service Provider (PISP) license and following that, they claim to have selected a partner “with a large reach of connected banks to widen their own reach.” As a Slovakian payments service provider or PSP, TrustPay… Read More

October 6, 2023 @ 11:45 am By Omar Faridi  |  

LendInvest (LSE:LINV), which claims to be the UK’s leading platform for mortgages, has made key reductions to its Residential Mortgage range as it continues “to improve its offering for key workers, the self-employed and those with complex income streams and credit histories.” The lender’s Residential… Read More