Tagged: europe

July 16, 2023 @ 11:37 am By Omar Faridi  |  

Iberpay and Spanish banks such as BBVA, Santander and CaixaBank have carried out the first test of this pioneering service in Europe in anticipation of the official entry into force, on November 28th, of the new One-Leg-Out Instant Credit Transfer (OCT Inst) scheme of the… Read More

July 15, 2023 @ 8:37 pm By Omar Faridi  |  

CFIT, the Centre for Finance, Innovation and Technology, announced that its initial ‘Open Finance Coalition’ will demonstrate the power of leveraging financial data to deliver better financial outcomes to consumers and SMEs. It also announced the first coalition partners who have “committed to progressing Open… Read More

July 15, 2023 @ 10:29 am By Omar Faridi  |  

LendInvest (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has today launched a new, “market-leading” Buy-to-Let range as it looks to back landlords in this challenging market. LendInvest is supporting landlords “to get back into the market with rates starting from… Read More

July 14, 2023 @ 6:37 pm By Omar Faridi  |  

Moss, the corporate card and spend management solution, has selected GoCardless, the bank payment company, as its direct debit provider in the UK to support its international expansion. Moss automates month-end administrative tasks for SMB finance teams, “freeing up their time through eliminating manual work… Read More

July 14, 2023 @ 9:15 am By Omar Faridi  |  

Webull Corporation, the owner of the Webull trading platform, announced the launch of its retail brokerage services in the UK. Through licensed financial services trading firm Webull Securities (UK) Ltd., a subsidiary of Webull, residents of the UK can now trade U.S.-listed equities and fractional… Read More

July 14, 2023 @ 5:58 am By Omar Faridi  |  

ION, which claims to be a global leader focused on trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that Raiffeisen Bank International (RBI) has “implemented ION’s new ISO 20022 solution.” A corporate and investment bank in Austria and… Read More

July 13, 2023 @ 11:41 pm By Omar Faridi  |  

The Bank of London announces it has submitted its formal application for a European Union (EU) Banking Licence and “commits to €200M investment and hiring 300 people in Luxembourg over the next five years.” The formal application has been jointly “lodged with the European Central… Read More

July 12, 2023 @ 5:02 pm By Omar Faridi  |  

UK-headquartered digital bank Monzo is reportedly holding discussions regarding a potential merger with Nordic region firm Lunar. This, acccording to recent reports from Bloomberg. Lunar, a virtual bank with more than 650,000 clients across Denmark, Sweden Norway, has previously secured €35 million in order to… Read More

July 12, 2023 @ 2:47 pm By Omar Faridi  |  

Solaris SE, Europe’s embedded finance platform, announced the EUR 38 million first close of its Series F round, led by existing investors. As previously stated, Solaris will “use the funds primarily to strengthen governance and compliance and lay the foundation for the company’s next phase… Read More

July 11, 2023 @ 12:17 pm By Omar Faridi  |  

Nordic Capital has agreed to sell Macrobond, a global provider of software and macroeconomic and financial data, to Francisco Partners, a global investment firm that specialises in partnering with technology businesses. Since its initial investment in 2018, Nordic Capital has together “with the management and… Read More

July 11, 2023 @ 12:55 am By Omar Faridi  |  

Inversis, a Banca March 100%-owned subsidiary specializing in providing global solutions for institutional clients in the financial asset distribution business, has reached an agreement with BME, a SIX company, for the complete acquisition of Openfinance. This firm reportedly “offers technological tools for the provision of… Read More

July 10, 2023 @ 11:53 pm By Omar Faridi  |  

UBS (NYSE:UBS) announced that it and Numarics are planning to enter into a strategic partnership to specifically digitize and expand financial and administration solutions for small and medium-sized companies in Switzerland. Administrative tasks mean “a lot of time for SMEs today and are often a… Read More

July 10, 2023 @ 11:04 pm By Omar Faridi  |  

Archax, the global, regulated digital asset exchange, brokerage, and custodian, announces the launch of its Crypto OTC Desk. This new service offering “further strengthens Archax’s position as a credible bridge between the blockchain-centric crypto community and the traditional investment space.” Archax claims that it has… Read More

July 10, 2023 @ 3:32 pm By Omar Faridi  |  

SumUp, the financial partner for over 4 million businesses worldwide, has selected Form3, the cloud-native account-to-account payments platform, in order “to provide direct access into the UK Faster Payments Scheme (FPS) and Bacs Scheme to further enhance its business account offering for UK customers.” SumUp… Read More

July 10, 2023 @ 10:54 am By Omar Faridi  |  

Global fintech SumUp has announced the appointment of Anna Kuriakose as Chief Product Officer. She joined SumUp in mid-June 2023 and will be “based in London.” Anna was formerly at Meta, “where she was the product director for Messenger on Windows and Mac and web-based… Read More

July 10, 2023 @ 9:13 am By Omar Faridi  |  

Bundlee, which claims to be a sustainable and scalable kidswear rental subscription, creating a better future to grow into, has secured 101% (£335,986) of its £330,001 target (at the time of writing) from 106 investors with 4 days left in the firm’s crowdfunding campaign, carried… Read More

July 9, 2023 @ 11:00 pm By Omar Faridi  |  

Despite small decreases, there was still a large number of investments and loans originated in May 2023, according to an update from European investment platform Bondora. Both were in the €19 million ballpark, which is still “some of the highest monthly amounts they’ve seen recently.”… Read More

July 9, 2023 @ 9:03 pm By Omar Faridi  |  

Onfido, which claims to be the global leader in automated identity verification, announced the results of its four year partnership with Lemonway, a leading Pan-European payment institution. Since integrating Onfido’s AI-powered identity verification solutions, Lemonway has seen substantial ROI, “including a 2X increase in validated… Read More

July 9, 2023 @ 2:10 pm By Omar Faridi  |  

Ampergia Limited, which aims to enable businesses’ net-zero transitions, has reportedly acquired 58% (£117,100) of its £200,000 fundraising target with 5 days left in the sale (at the time of writing) from 92 investors through its crowdfunding campaign, carried out via Crowdcube. Based in the United… Read More

July 9, 2023 @ 12:08 pm By Omar Faridi  |  

Tallinn-based Swaper, a marketplace platform offering to buy the claim rights for loan receivables and earn passive income, recently shared key platform updates. By the end of last month, Swaper investors earned a cumulative of 6.42M Euros worth of interest. In June 2023, the number… Read More