Tagged: europe

July 8, 2023 @ 3:26 pm By Omar Faridi  |  

CrowdProperty revealed recently that it has now “funded more than £700m of property projects and the development of over 3,000 homes.” Having agreed £24m in June alone, the business has now “closed in excess of £400m of facilities to support the construction of residential and… Read More

July 8, 2023 @ 11:33 am By Omar Faridi  |  

Printemps, the French luxury department store, announced the integration of Alipay+, a suite of global cross-border digital payment and marketing solutions, in order “to offer Asian consumers a convenient and seamless checkout experience with their home e-wallets.” Through a simple integration, Kakao Pay and AlipayHK… Read More

July 8, 2023 @ 1:11 am By Omar Faridi  |  

As trilogue negotiations take place on the Corporate Sustainability Due Diligence Directive (CSDDD) proposal later this month, the Association for Financial Markets in Europe (AFME) has published a position paper, “outlining its recommendations for negotiators and calling on them to focus on ensuring that the… Read More

July 7, 2023 @ 3:59 pm By Omar Faridi  |  

From romance scams to fictious online deals, impersonation scams of all kinds have plagued people and businesses over recent years and “shaken the confidence of victims.” However, the tide is turning. Mastercard (NYSE: MA) is taking the fight to the fraudsters “with its one-of-a-kind AI… Read More

July 7, 2023 @ 12:55 pm By Omar Faridi  |  

Debitum reports that the month of July 2023 has started with several positive developments for existing and new investors. According to a blog post by Debitum, more investment options are available via the platform, and there is also an updated “Invite a friend” program conditions,… Read More

July 7, 2023 @ 12:21 pm By Omar Faridi  |  

Mintos reports that total investments “saw €88 million worth of Notes funded, and interest earned by investors in June was €3.9 million.” The average interest rate for June on the Mintos platform “stood at 12.8%, translating to an annualized average net return of 9.8% (YTD… Read More

July 7, 2023 @ 11:19 am By Omar Faridi  |  

Demand for rental properties continues to rise across the UK, with more than four-million people renting privately. As landlords look to identify new opportunities in the rental market and provide high-quality homes, the team at Molo are pleased “to announce an expansion to their existing… Read More

July 7, 2023 @ 9:49 am By Omar Faridi  |  

Assetz Capital is pleased to announce a development exit deal in partnership with Healdan, a property development and construction business based in Bedfordshire. The deal involves the financing of a barn conversion project, “consisting of six homes, in the idyllic location of Millbrook, Bedfordshire.” Under… Read More

July 7, 2023 @ 9:42 am By Omar Faridi  |  

UK Finance has released a report which sets out three key missions “to accelerate the digital transformation of the UK’s capital markets.” The report ‘Unlocking the power of securities tokenization’, produced in conjunction with Oliver Wyman, looks at “how securities tokenization (the digital representation of… Read More

July 6, 2023 @ 10:35 pm By Omar Faridi  |  

As the European P2P market continues to expand, interest rates tend to go down, according to an update from Robo.cash. The analysts at Robo.cash platform consider this as certain patterns “that may continue in the long term.” The European P2P lending market is “growing at… Read More

July 6, 2023 @ 10:04 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) recently announced that Maha El Dimachki will join the BIS Innovation Hub (BISIH) team as “the new head of the Singapore Centre, starting on 1 October 2023.” Ms El Dimachki is currently Head of Early and High Growth Oversight… Read More

July 6, 2023 @ 4:44 pm By Omar Faridi  |  

wefox, which claims to be one of the world’s leading insurtechs, and GATE (Green & Advanced Transport Ecosystem), have formed a new partnership that uses digital solutions and a pay-per-use formula for the long-term rental of electric commercial vehicles, founded by Iveco Group. The multi-year… Read More

July 6, 2023 @ 4:42 pm By Omar Faridi  |  

Andrea Isola, former General Manager for Italy & South East Europe at N26, has been appointed as the new VP of European Markets and Business Operations at the German digital bank effective immediately. In his new role as VP of European Markets and Business Operations,… Read More

July 6, 2023 @ 12:41 pm By Omar Faridi  |  

Artificial Intelligence (AI) is to play a pivotal role in tackling sanctions risks in global shipping following a partnership between LSEG (London Stock Exchange Group) and Windward AI (LSE: WNWD) announced recently. Windward’s maritime AI-powered technology will “augment existing shipping analytic capabilities available on the… Read More

July 6, 2023 @ 7:49 am By Omar Faridi  |  

Digital bank Revolut recently revealed that it has expanded its financial services in Germany by offering personal loans. As noted in the update from Revolut, existing clients may now apply for loans, which can range anywhere between €1,000 and €50,000 via the platform’s Fintech app… Read More

July 6, 2023 @ 7:40 am By Omar Faridi  |  

Nuggets, a self-sovereign identity, and payment platform, recently announced that it is working with the Bank of England on a technology experiment to design a possible privacy and identity layer for the UK’s Central Bank Digital Currency (CBDC). If a CBDC – also known as… Read More

July 5, 2023 @ 10:10 pm By Omar Faridi  |  

On the back of a solid start to 2023, embedded banking platform BankiFi has denounced three misconceptions around a new class of digital only neobanks that continue “to persist despite ample evidence to dispel them.” As part of its efforts to highlight the issues faced… Read More

July 5, 2023 @ 5:35 pm By Omar Faridi  |  

On 4 July 2023, the Danish Financial Supervisory Authority made a decision that Saxo Bank A/S’ trading in crypto assets for its own account is found “to lie outside the legal business area of ​​financial institutions, including section 24 of the Financial Business Act.” On… Read More

July 5, 2023 @ 5:32 pm By Omar Faridi  |  

The financial institution is launching a new job portal “to attract people with technological backgrounds in the different countries where it has a presence.” The Group expects to end 2023 “with over 2,600 new hires of this type of professionals, 1,000 of which will be… Read More

July 5, 2023 @ 2:24 pm By Omar Faridi  |  

Founded in 2020, Silvr‘s mission is to make financing more accessible to SMEs. Silvr claims that it has rapidly become a European leader in short-term lending due “to its technology and innovative data processing tools.” This new securitized facility will “increase Silvr’s financing capacity., which… Read More