Tagged: europe

August 15, 2023 @ 8:40 pm By Omar Faridi  |  

By the end of 2022, the value of net assets per average resident of Europe reached €50,000, according to an update from Robocash. According to a report from Robocash, the largest share is occupied “by conservative instruments with noticeably growing alternative sources of financing.” Analysts… Read More

August 15, 2023 @ 8:50 am By Omar Faridi  |  

FOLK2FOLK, which claims to be the UK’s leading peer-to-peer lending platform connecting Investors with regional and rural businesses, is pleased to announce that its dedicated community of Investors “earned £14.2 million in interest during the last tax year (2022/2023).” According to the firm, this achievement… Read More

August 15, 2023 @ 8:45 am By Omar Faridi  |  

Students off to university for the first time this year could be “the first crop of graduates who face repaying their university debts into retirement,” according to PensionBee, an online pension provider. As noted in a blog post by PensionBee, this year’s Freshers will be… Read More

August 15, 2023 @ 8:39 am By Omar Faridi  |  

Aegon UK has announced an extended strategic partnership with Nationwide Building Society. Aegon UK will continue to be the ISA and General Investment Account provider of choice for all Nationwide customers, “with the extended partnership seeing the building society transfer its existing financial planning service… Read More

August 14, 2023 @ 11:44 pm By Omar Faridi  |  

Following a review of fund managers’ value assessments, the UK Financial Conduct Authority (FCA) has found “that while many firms have better practices in place, some still require improvement.” In 2017, the FCA published its Asset Management Market Study, which “found evidence of weak demand-side… Read More

August 14, 2023 @ 8:41 pm By Omar Faridi  |  

ID Finance Spain S.A.U. released its audited financial results for the first half of 2023. The company has provided the following operational and financial information: ID Finance Spain reported “a net income of €4.4M, following an 8% increase in its net portfolio, which hit a… Read More

August 14, 2023 @ 12:06 pm By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, today announced it is working with Yonder, the all-in-one platform to automate health insurance and retirement benefits for growing teams, “to enable companies and their UK-based employees to easily administer and… Read More

August 14, 2023 @ 1:46 am By Omar Faridi  |  

July kickstarted what could be the “rebound” after a slow summer for investments and loan originations. Both originations and investments totaled over €14M each in July, according to a recent update from Bondora. As noted in a blog post by Bondora, the API technical error… Read More

August 13, 2023 @ 9:36 pm By Omar Faridi  |  

Monite, the API-first embedded finance company that helps B2B platforms capitalize on hassle-free finance automation for their clients, recently fortified its commitment to become an industry standard by appointing three Fintech professionals. Dan Osburn, a VP of product pivotal to Marqeta’s growth from a $20M… Read More

August 13, 2023 @ 1:54 pm By Omar Faridi  |  

As part of modernizing its IT landscape and enhancing the customer experience, Handelsbanken Norway has chosen to consolidate on Tietoevry Banking’s wealth management solution. This enables Handelsbanken “to offer financial products, including mutual funds, equities, ETFs and more, through one modern self-service platform for its… Read More

August 12, 2023 @ 11:34 am By Omar Faridi  |  

Klarpay AG is pleased to announce the appointment of Markus Emödi as the Chief Legal & Compliance Officer and Deputy CEO. With a track record of over 20 years in the financial industry, Markus reporttedly “brings a wealth of experience and expertise to Klarpay.” Markus… Read More

August 12, 2023 @ 6:15 am By Omar Faridi  |  

NCR Corporation (NYSE: NCR), an enterprise technology provider, today announced it has successfully expanded its ATM network, under the Cashzone brand name, into Portugal. There are over 100 Cashzone-branded ATMs “installed in Portugal so far, providing consumers, including those visiting the country, with easier access… Read More

August 11, 2023 @ 11:18 am By Omar Faridi  |  

Brite Payments announced that it has expanded its product coverage with the launch of open banking-powered instant payments and payouts in Denmark. With full product coverage in Sweden and Finland, the addition of Denmark further strengthens the second-generation fintech’s footprint “as it continues its expansion… Read More

August 9, 2023 @ 8:40 am By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, has selected Punter Southall’s Pension Potential annuity comparison tool “to help its million-plus members maximise their retirement savings and make informed decisions about researching, comparing and buying annuities.” Smart Pension, which… Read More

August 9, 2023 @ 2:40 am By Omar Faridi  |  

Bondora notes that we are more than halfway through the year. Like with any goal, it’s essential to acknowledge achievements along the way to stay motivated on the path to success, the team at Bondora noted while adding “that a lot has happened already, and… Read More

August 9, 2023 @ 12:53 am By Omar Faridi  |  

According to the results of June, the average rate of return on the European P2P market “was 10.4%, up 0.2% compared to May,” the team at Robocash noted in a blog post. The bond market also “showed positive shifts.” the Robo.cash team revealed in their… Read More

August 8, 2023 @ 11:39 pm By Omar Faridi  |  

PeerBerry investors funded €67.6 million of loans in July and received €835 412 in interest. The amount of funded loans on the platform “was about 4% higher than the previous month.” PeerBerry’s portfolio “amounted to €115.83 million at the end of July.” 1088 new investors… Read More

August 8, 2023 @ 4:09 pm By Omar Faridi  |  

VNX, a Liechtenstein-based company registered by the Liechtenstein Financial Market Authority (FMA), has partnered with Burrito Wallet, which is developed by a subsidiary of Bithumb, a Korean cryptocurrency exchange, to introduce South Korean users “to the digital assets VNX Gold, VNX Euro, and VNX Swiss… Read More

August 7, 2023 @ 11:27 pm By Omar Faridi  |  

Global market infrastructure provider Deutsche Börse Group will acquire the remaining shares in FundsDLT. The Luxembourg-based company claims it is “a leading decentralized platform based on distributed ledger technology (DLT) for end-to-end fund distribution and processing.” The acquisition is expected “to be completed in the… Read More

August 7, 2023 @ 9:16 am By Omar Faridi  |  

Investment platform Shojin has teamed up with LINUS as well as Reinvest24 in order to expand various real estate opportunities. Shojin, a UK-headquartered FCA-regulated investment platform, has announced its partnership with LINUS Digital Finance, a Berlin-based real estate investment platform, and Reinvest24, an Estonia-based real… Read More