Tagged: europe

August 22, 2023 @ 10:27 am By Omar Faridi  |  

European digital asset fund manager CoinShares (Nasdaq Stockholm: CS) has released its digital asset fund flows Weekly report. As noted in a blog post by the firm’s management, disappointment from SEC ETF decisions has impacted sentiment. According to the update from CoinShares, digital asset investment… Read More

August 22, 2023 @ 10:23 am By Omar Faridi  |  

FluidAI, the fintech making tokenized market access more efficient for institutions, trading platforms, and retail investors, has announced a partnership with I-X, Imperial College London’s artificial intelligence (AI) initiative. It marks the “first-known” AI partnership at “a globally renowned university to be partially funded by… Read More

August 22, 2023 @ 8:39 am By Omar Faridi  |  

Cynergy Bank announces that it has secured a £20 million Tier 2 capital facility from British Business Investments. The capital will be deployed “across Cynergy Bank and Cynergy Business Finance.” The new funding from British Business Investments, “a wholly-owned commercial subsidiary of the British Business… Read More

August 22, 2023 @ 7:12 am By Omar Faridi  |  

It can be beneficial to support new businesses through a dedicated pre-regulated service and operating account, through to a fully licensed bank. This approach can provide cost-effective “access to Faster Payments (FPS) – offering all the advantages of the UK’s faster payments infrastructure to its… Read More

August 21, 2023 @ 9:23 am By Omar Faridi  |  

In an IG Investor Sentiment Survey of c.4500 clients, only 28% of UK clients said ESG (Environmental, Social, Governance) considerations “are important to them when making an investment decision.” This is particularly low “in comparison to 42% of Australian investors and 40% of Japanese investors.”… Read More

August 21, 2023 @ 8:53 am By Omar Faridi  |  

The partnership will see Northstake extend its virtual asset investment products to Coinify’s premier clients, accelerating institutional exposure to the crypto-staking industry. Northstake A/S, a regulated virtual asset service provider offering compliant staking products for institutions, has announced a strategic partnership with Coinify. Coinify is… Read More

August 20, 2023 @ 10:22 pm By Omar Faridi  |  

PostFinance is boosting its mortgage lending: the financial service provider is acquiring a stake in Credit Exchange Ltd (CredEx) and taking a seat on its Board of Directors. The two parties have “signed a contract to that effect.” This partnership with the mortgage marketplace CredEx… Read More

August 20, 2023 @ 10:16 pm By Omar Faridi  |  

Inflation does not affect most investors, according to an update from PeerBerry. Available data shows (via an investor survey conducted by their platform last month), that 52% of the surveyed investors “do not change their investment habits and keep their previous investment volumes. 21% of… Read More

August 20, 2023 @ 10:11 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) is setting out their expectations for crypto-asset businesses that need “to comply with a change in money laundering legislation legislated by government in July 2022.” From 1 September 2023, crypto-asset businesses in the UK will be “required to collect,… Read More

August 20, 2023 @ 5:19 pm By Omar Faridi  |  

Adyen (AMS: ADYEN) displayed continued growth and remained in investment mode, scaling the Adyen team to further position itself to capture its long-term opportunity. As mentioned in the announcement by Adyen, the key H1 2023 figures are as follows: Processed volume was €426.0 billion, up… Read More

August 20, 2023 @ 4:37 pm By Omar Faridi  |  

The Payment Systems Regulator (PSR) has launched two consultations in the lead up “to the implementation of its new authorised push payment (APP) fraud reimbursement requirements. ” In June, the PSR set out its final position on “tackling APP fraud, which will mean the vast… Read More

August 19, 2023 @ 6:59 pm By Omar Faridi  |  

Param, which claims to be Turkey’s biggest FinTech, is entering the European market with the acquisition of leading CEE Buy Now, Pay Later (BNPL) provider Twisto. Setting the scene for wider global expansion, Param is “introducing its technology and integrated embedded finance products and services… Read More

August 19, 2023 @ 6:55 pm By Omar Faridi  |  

Ecommpay, an international payment service provider and UK and European direct bank card acquirer, now offers local acquiring in the US, enabling UK and EU merchants the ability to expand into North America. Additionally, Ecommpay will offer protection “from fraud-related chargebacks to ensure merchants do… Read More

August 19, 2023 @ 6:52 pm By Omar Faridi  |  

Nottingham Building Society has announced further updates to its mortgage products, designed to support both residential and Buy-To-Let mortgage applicants. The new products, launched this week, “offer advantages for a broad spectrum of borrowers against a volatile economic backdrop.” Amongst the latest offerings is a… Read More

August 18, 2023 @ 8:41 am By Omar Faridi  |  

Jacobi Asset Management has listed Europe’s first spot Bitcoin ETF on Euronext Amsterdam. The Jacobi FT Wilshire Bitcoin ETF reportedly “represents the first digital asset fund compliant with SFDR Article 8 through its decarbonization strategy.” Jacobi has implemented “a verifiable built-in Renewable Energy Certificate (REC) solution… Read More

August 16, 2023 @ 11:36 am By Omar Faridi  |  

SumUp has launched in Australia, its 36th market, as the global fintech continues its global expansion and “rolls out its proprietary hardware and software solutions for Australian businesses.” SumUp was founded in 2012 with “the mission of empowering small businesses and entrepreneurs with affordable and… Read More

August 16, 2023 @ 8:39 am By Omar Faridi  |  

Eleving Group has announced unaudited results for the first half of 2023. The company has provided the following operational and financial information: Eleving Group reveals that it “recorded €90.6M in revenues in Q2 2023. Lease and subscription-based products contributed to €25.2M of the revenue, up… Read More

August 16, 2023 @ 8:34 am By Omar Faridi  |  

Tietoevry is pleased to announce its collaboration with The Savings Banks Group Finland in order “to renew its lending platform, where Tietoevry’s Lending Suite, the leading credit solution in the Nordic markets, will serve as the foundation.” This strategic partnership is part of “a broader… Read More

August 15, 2023 @ 11:35 pm By Omar Faridi  |  

Debitum notes that July is one of the quietest months in the investment world, however, the firm has been “very active” during this time. During July, Debitum reveals that they have: added new ABS assets from Sandbox Funding to the platform, offered to invest on… Read More

August 15, 2023 @ 10:51 pm By Omar Faridi  |  

From today, TSB is taking applications for fintechs to participate in its third annual TSB Innovation Labs Program – “as the bank and Fintech Scotland encourage a new round of fintech collaboration.” Under the program, winning Fintechs will officially partner “with TSB to offer innovative… Read More