Tagged: europe

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

July 5, 2023 @ 8:25 am By Omar Faridi  |  

Inpay, the international payments firm, has secured an Electronic Money Institution (EMI) licence from the Danish Financial Supervisory Authority (FSA), “becoming the first Scandinavian fintech to combine EMI, PSP, and TPP.” The new license will enable the company “to issue electronic money, facilitate digital payments… Read More

July 5, 2023 @ 8:18 am By Omar Faridi  |  

In a report published on ‘The (Unmet) Potential of Open Banking’, Oxera identifies the key economic obstacles that are “holding back the wider adoption of Open Banking and the development of new innovative use cases that go beyond the regulatory mandate.” NatWest Group commissioned Oxera,… Read More

July 5, 2023 @ 8:06 am By Omar Faridi  |  

One of the UK’s cloud software platforms has added another string to its bow after striking a partnership with a financial software firm. Eureka Solutions has announced a partnership with iplicit, a cloud-based accounting software provider. The partnership will allow Eureka Solutions “to add iplicit… Read More

July 4, 2023 @ 12:25 pm By Omar Faridi  |  

ThinCats, which claims to be the leading alternative finance provider to mid-sized SMEs in the UK, has recently released its origination results for H1 2023, revealing that a “record” £191m has been lent to SMEs across the United Kingdom. The figure represents a sizable increase… Read More

July 4, 2023 @ 12:11 pm By Omar Faridi  |  

As a part of their global rebranding to Pluxee across 31 countries, the French multinational giant Sodexo Benefits & Rewards Services (Sodexo BRS), a publicly listed leader in tech-enabled employee benefits and engagement platform, embarked on a journey “to embrace the world of non-fungible tokens… Read More

July 4, 2023 @ 11:29 am By Omar Faridi  |  

Digital bank Revolut will stop offering Solana (SOL), Cardano (ADA), Polygon (MATIC) tokens to US clients. Revolut has reportedly cited Bakkt’s recent decision to delist the digital tokens, as they’re considered to be unregistered securities by the US Securities and Exchange Commission (SEC). The UK-based… Read More

July 4, 2023 @ 9:44 am By Omar Faridi  |  

The initiative, aimed at national and international teams, focuses on “developing innovative solutions and technologies” in the field of Metaverse Finance. The initiative is fostered by the Sella Group and developed by its venture incubator dpixel. Metaverse 4 Finance Accelerator is now live “representing the… Read More

July 3, 2023 @ 10:34 pm By Omar Faridi  |  

Stratiphy, which has developed proprietary tech giving users a toolkit to form expertly managed portfolios, without the need for an advisor, has raised 82% (£206,119.46) of its  £250,000 target from 112 investors (at the time of writing) with 7 days left in the firm’s crowdfunding… Read More

July 3, 2023 @ 3:11 pm By Omar Faridi  |  

From 3rd July 2023, Monzo Premium’s worldwide family travel insurance will be provided by Zurich, powered by Qover. Most of the things covered by the insurance will “stay the same.” As will the excess amount and the price of Monzo Premium, the team at Monzo… Read More

July 3, 2023 @ 8:32 am By Omar Faridi  |  

LendInvest plc (AIM: LINV), which claims to be the UK’s leading platform for mortgages, has announced a £500 million investment “to fund part of its future mortgage originations for its Buy-to-Let and Residential Mortgage products from Chetwood Financial Limited.” This new funding will “further the… Read More

July 3, 2023 @ 7:55 am By Omar Faridi  |  

Qardus, which claims to be an ethical & Sharia-compliant financing platform for social impact SMEs and investors, has secured 106% (£318,837) of its £300,002 target from 153 investors (at the time of writing) with 17 days left in the firm’s crowdfunding campaign carried out via… Read More

July 3, 2023 @ 7:20 am By Omar Faridi  |  

PeerBerry investors funded €65.12 million of loans in June and received €819,213 in interest. The amount of funded loans on the PeerBerry platform “was 3% higher than the previous month.” PeerBerry’s portfolio “amounted to €115.17 million at the end of June.” 1205 new investors “joined… Read More

July 3, 2023 @ 7:16 am By Omar Faridi  |  

Trade Ledger, the global technology provider for the commercial banking and financial services industry, is excited to announce the opening of its new office in Krakow, Poland. This strategic expansion marks Trade Ledger’s first development hub in the EU, “further strengthening its global footprint and… Read More

July 3, 2023 @ 5:18 am By Omar Faridi  |  

Shawbrook has announced the appointment of Sarah Woolf as the new Senior Regional Development Manager in its Real Estate team. Sarah originally joined Shawbrook in 2012 “as a Business Development Manager, and in 2016 took on the role of Head of Sales.” Sarah left Shawbrook… Read More