Tagged: europe

July 23, 2023 @ 10:41 pm By Omar Faridi  |  

Following 2 successful pilots, the UK Financial Conduct Authority’s (FCA) Digital Sandbox will be “made available permanently on 1 August 2023, opening up the platform to an even broader range of innovative businesses, start-ups and data providers.” The Digital Sandbox is a testing environment that… Read More

July 23, 2023 @ 10:31 pm By Omar Faridi  |  

European investment platform Bondora says it remains committed to improving the credit industry for all customers. Pärtel Tomberg, CEO and Founder of Bondora, has said: “So far, we have issued credit agreements in accordance with the law and previous guidelines. We don’t foresee significant changes… Read More

July 23, 2023 @ 10:28 pm By Omar Faridi  |  

Finastra, a global provider of financial software applications and marketplaces, announced that Salve Financial Hub SpA (Salve FH), a European payments processing startup based in San Marino, has selected Finastra Essence in order :to reduce payment delays resulting from over compliance.” Finastra‘s SaaS solution, integrated… Read More

July 23, 2023 @ 4:41 pm By Omar Faridi  |  

VikingCloud, a global provider of cybersecurity and compliance solutions has announced a new client partnership for its Web Risk Monitoring solution with PAYSTRAX, a European payment processor and principal member of Visa and Mastercard. Global merchant fraud is “estimated to drive losses of $41 billion… Read More

July 23, 2023 @ 2:34 pm By Omar Faridi  |  

The Banque de France recently shared key lessons from its wholesale CBDC experiments using distributed ledger technologies (DLTs). Following the publication of an initial report in 20211, the Banque de France is now “releasing a new set of conclusions and lessons learned, covering the first… Read More

July 23, 2023 @ 2:28 pm By Omar Faridi  |  

In 2022, PeerBerry business partners CreditPlus KZ, Credit365 KZ, and AutoMoney KZ in Kazakhstan all together “made €4.7 million in net profit – significantly more compared to 2021 (Aventus Group’s total net profit in 2021 in Kazakhstan was €0.8 million).” In 2022, Aventus Group companies… Read More

July 21, 2023 @ 9:33 pm By Omar Faridi  |  

Channel Capital Advisors LLP has hired Nate Hartley as its new Head of Origination for the Americas. Established in 2007, Channel is an FCA-regulated alternative investment fund manager (AIFM). It is a recognized funding partner of choice in “the working capital and fintech lending sector,… Read More

July 21, 2023 @ 6:09 pm By Omar Faridi  |  

etika, which claims to be the “purpose-driven,” people-first finance pioneer based on fair and ethical finance, has announced its partnership with NHC Holdings, a manufacturer and retailer of therapeutic massage appliances, rehabilitation equipment and adjustable beds. Under the partnership, NHC will leverage etika’s agile POS… Read More

July 21, 2023 @ 9:24 am By Omar Faridi  |  

Archax, the FCA-regulated digital asset exchange, broker, and custodian, today announced that it has successfully gained ISO27001 certification; a testament to its commitment to meeting strict security and compliance standards. This certification is backed by the International Standards Organization (ISO), “providing assurance for all Archax… Read More

July 21, 2023 @ 9:01 am By Omar Faridi  |  

Nexpay, a Lithuanian Electronic Money Institution (EMI) providing business banking solutions for digital companies, has announced its enhanced service offering by adding SWIFT payments in 23 currencies. This strategic move caters “to the evolving needs of digital businesses worldwide and advances Nexpay‘s ambition to bring… Read More

July 20, 2023 @ 11:05 pm By Omar Faridi  |  

Almost half of people (46%) over the age of 55 who are paying off mortgages are worried about rising rates, continuing to meet repayments and how to pay their loans off in full, research from PensionBee, the online pension provider, suggests. The research carried out… Read More

July 20, 2023 @ 11:02 pm By Omar Faridi  |  

Nordea has entered into an agreement with Danske Bank to acquire its Norwegian personal customer and private banking business and associated asset management portfolios. The acquisition is an ideal strategic fit “for Nordea and will strengthen Nordea’s market position in Norway among household customers.” The… Read More

July 20, 2023 @ 10:59 pm By Omar Faridi  |  

Klarna, the global payments network and shopping destination, announced a partnership with the Money Adviser Network to help its consumers access free and impartial debt advice quickly, as part of wider efforts to promote healthy spending. This makes Klarna the first Buy Now Pay Later… Read More

July 20, 2023 @ 10:53 pm By Omar Faridi  |  

Finaro, the global cross-border payment provider, and UK payments specialist and payment initiation service provider Acquired.com, announced a partnership that will enable Acquired.com (a member of the Quint Group) “to offer its customers Finaro’s tailor-made brilliantly simple acquiring services.” Through this collaboration, Acquired.com customers will… Read More

July 20, 2023 @ 4:48 pm By Omar Faridi  |  

In just over 6 months Bitpanda Technology Solutions, an Investing-as-a-Service (IaaS) solution, has reportedly secured 12 partnerships, “expanded into 28 countries and unlocked digital trading for over 20 million people.” As Europe‘s B2B trading product, the team says that it is ‘driving further forward to… Read More

July 20, 2023 @ 8:14 am By Omar Faridi  |  

HeavyFinance, a European climate tech investment marketplace, has gained the European Crowdfunding Service Providers (ECSP) license to accelerate its financial service expansion in Europe. HeavyFinance, based in Lithuania, originates loans directly in five European markets – Poland, Portugal, Lithuania, Latvia, and Bulgaria. This follows the… Read More

July 19, 2023 @ 12:08 pm By Omar Faridi  |  

Smart Pension, which claims to be one of the UK’s leading workplace pension providers, announces its acquisition of Evolve Pensions, a provider in workplace pension services through its master trust the Crystal Trust. The acquisition will aim to “improve experience and provide efficiencies for the… Read More

July 19, 2023 @ 7:51 am By Omar Faridi  |  

LendInvest plc (AIM: LINV); which claims to be the UK’s leading platform for mortgages, is pleased to announce its audited results “for the year ended 31 March 2023.” Rod Lockhart, Chief Executive of LendInvest, commented: “I am pleased with the progress we have made over… Read More

July 19, 2023 @ 7:33 am By Omar Faridi  |  

Global Fintech Wise plc (LSE:WISE) has shared its latest Q1 FY24 trading update, noting that the firm is now off to a good start to the year “with continued strong customer growth.” As noted in a release, Wise reports the following key results: 33% YoY… Read More

July 18, 2023 @ 10:55 pm By Omar Faridi  |  

Payhawk, a global spend management solution, has launched in Lithuania and opened a local office in Vilnius. Having recently obtained an Electronic Money Institution (EMI) license from the Bank of Lithuania, the company is looking “to hire a team of finance professionals that will help… Read More