Tagged: europe

June 12, 2023 @ 10:47 pm By Omar Faridi  |  

Onfido, the automated identity verification provider, announced it has achieved ETSI TS 119 461 certification, the latest European technical standards for identity proofing and trust services by the European Telecommunications Standards Institute (ETSI). This allows Onfido to “act as an Identity Proofing Service Provider (IPSP)… Read More

June 12, 2023 @ 10:15 pm By Omar Faridi  |  

Lunar opens up infrastructure to enable instant payments in the Nordics. Strong demand from both national and international payment players “drives Lunar to open up its Nordic payment infrastructure to partners.” Starting August 1st Swedish Fintech Trustly will be the first partner “to tap into… Read More

June 12, 2023 @ 6:57 pm By Omar Faridi  |  

AMNIS Treasury Services AG (amnis), a Fintech company founded in 2014 with the objective of simplifying international banking for SMEs, has recently acquired the SME portfolio of FX-Consulting AG. With this strategic move, the two Zurich-based companies aim “to enhance their support for Swiss SMEs… Read More

June 12, 2023 @ 8:47 am By Omar Faridi  |  

B2B payment solutions provider Hokodo has announced the acquisition of a Lithuanian payments business, making it the first and, currently, only B2B Buy Now, Pay Later provider with a payments license. This acquisition is “part of Hokodo’s journey to make better payment options available to… Read More

June 12, 2023 @ 8:42 am By Omar Faridi  |  

PensionBee, an online pension provider, recently launched its State Pension Age Calculator, designed “to help savers evaluate if they can retire before they’re eligible to receive the State Pension.” The age people can “claim their State Pension has risen significantly since 2010 when the entitlement… Read More

June 12, 2023 @ 8:38 am By Omar Faridi  |  

Andreessen Horowitz (a16z) announced that it will open its first international office in London and that it is planning the next Crypto Startup School accelerator program “to take place in the UK in Spring 2024.” a16z’s U.K. office will allow it “to work closely with… Read More

June 11, 2023 @ 7:03 pm By Omar Faridi  |  

Shares, Europe’s community-powered investment app, chooses Upvest, the Berlin-based infrastructure fintech, “to expand its investment product offering and geographical presence.” Following its successful launch and rapid growth in the UK, Shares will “bring its social investment experience to the European stage through Upvest’s Investment-API.” For… Read More

June 10, 2023 @ 12:30 pm By Omar Faridi  |  

The Netherlands has recently completed the launch of a contactless transit payments system nationwide, “simplifying access and allowing travelers to tap-in and tap-out with their debit card, credit card or digital wallet.” All public transport across the country – “including trains, buses, metros, and trams… Read More

June 10, 2023 @ 12:28 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced its partnership with Allica Bank, the fintech challenger bank dedicated to supporting established UK small and medium businesses. Allica Bank was founded “to serve established UK SMEs (businesses with 10-250 employees)… Read More

June 10, 2023 @ 12:26 pm By Omar Faridi  |  

After 9 years at the company, N26’s Chief Growth Officer, Alexander Weber, will be leaving his role at the end of June “to pursue his own entrepreneurial journey.” Having joined N26 in 2014 as one of its first team members, Alexander has “been an important… Read More

June 9, 2023 @ 3:13 pm By Omar Faridi  |  

In recent years, Danske Bank has made fundamental changes to the bank, resulting in a more focused business with a reduced risk level and a strengthened organization. Simultaneously they have “focused on strengthening our commercial momentum, and Danske Bank is on a clear trajectory to… Read More

June 9, 2023 @ 2:17 pm By Omar Faridi  |  

Clausematch is pleased to announce it has signed an agreement with Compliance Consultant, experts in FCA compliance and authorisation. The partnership is “aimed at strengthening current compliance strategies and best practices with advanced policy management and compliance automation solutions.” Compliance Consultant “provides regulatory compliance guidance… Read More

June 9, 2023 @ 8:55 am By Omar Faridi  |  

Insify, the end-to-end digital insurance platform designed for Europe’s entrepreneurs and SMEs, announced that it has raised €15 million in Series A financing. Global venture firm Accel “led the investment round and was joined by Visionaries Club as well as existing investors Frontline Ventures and… Read More

June 8, 2023 @ 11:36 pm By Omar Faridi  |  

Griffin, the UK’s full-stack Banking as a Service platform, announced that it has raised $13.5 million (£11 million) in a Series A funding round “led by global VC firm, MassMutual Ventures, with participation from existing investors Seedcamp, Notion Capital and EQT Ventures.” This investment round… Read More

June 8, 2023 @ 11:33 pm By Omar Faridi  |  

Veriff, a global identity verification provider, announced at Money 20/20 Europe its partnership with Inverid, the first Near Field Communication (NFC)-based mobile identity verification technology, in order “to bolster the company’s existing identity verification offerings.” Inverid’s ReadID’s identity verification solution “verifies identities through government-issued identity… Read More

June 8, 2023 @ 11:30 pm By Omar Faridi  |  

Sift, a firm focused on Digital Trust & Safety, announced a significant expansion of its worldwide partner program. The Sift Partner Program “extends Sift’s fraud prevention platform to a network of businesses worldwide, and across key industry verticals.” The expanded program “supports business models and… Read More

June 8, 2023 @ 8:39 am By Omar Faridi  |  

At a time when the EUR/USD pair has never been so sensitive to market fluctuations, iBanFirst is now offering its clients “the possibility of opening local accounts in USD to facilitate the transfer of flows from European SMEs to the US.” It can be particularly… Read More

June 7, 2023 @ 10:53 pm By Omar Faridi  |  

Archax, the FCA regulated digital asset exchange, broker, and custodian, today announced the appointment of Ben Zennou as its new Head of Crypto Sales. Reporting into the CRO, Zennou will be “responsible for leading the company’s continued growth in crypto markets, including the establishment of… Read More

June 7, 2023 @ 10:42 pm By Omar Faridi  |  

NatWest Group has completed its acquisition of a majority shareholding in workplace savings and pensions fintech, Cushon. In February 2023, NatWest Group agreed “to acquire 85% of Cushon for £144m, with 15% retained by Cushon management.” This acquisition was subsequently “approved by the FCA in… Read More

June 7, 2023 @ 8:56 am By Omar Faridi  |  

The Joint Regulatory Oversight Committee (JROC) has recently set out an ambitious program of work “to take forward recommendations for the next phase of open banking in the UK.” This involves “setting up dedicated workstreams to action the six key themes and priorities outlined in… Read More