Tagged: european union

Open Banking Fintech Yapily Partners with Uncapped, a Working Capital Provider

Yapily, a provider of open banking solutions, is announcing its partnership with Uncapped, a Fintech providing working capital funding to scaling brands, retailers, and merchants across the UK, EU, and US. This collaboration significantly bolsters progress in “the financial lending sector and democratises access to… Read More

Frankfurt to be Home for New EU AML CFT Authority

The European Union has doled out the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to Frankfurt, Germany. According to the EU, nine member states were in the running for the new bureaucracy. The competing cities included; Belgium (Brussels), Germany (Frankfurt),… Read More

European Fintech Brite Payments Joins The Payments Association

Brite Payments, an enabler of instant bank payments, announced that it has joined The Payments Association EU as a Patron Member. The membership underlines Brite’s commitment “to industry collaboration as it expands its product offering across Europe.” Brite Payments enables instant account-to-account (A2A) payments and… Read More

B2C2, the Digital Asset Liquidity Provider, Obtains Regulatory Approval to Operate in Luxembourg

B2C2, the crypto liquidity provider servicing institutional clients globally, has obtained regulatory approval to operate in Luxembourg and expand its EU presence. B2C2 has become the 12th virtual asset service provider (VASP) to “be officially registered on the Commission de Surveillance du Secteur Financier’s (CSSF)… Read More

European Union Pursues Policy to Boost Listings on European Stock Exchanges

The European Union (EU) is pursuing a policy to improve the environment for listings on the various European stock exchanges. According to a statement issued today, the European Council and Parliament have now reached a consensus on a “provisional agreement” for a package that will… Read More

Crowdfunding: Eurocrowd Shares ECSPR Securities Offerings Data for 2023

The pan-European regulatory regime for securities crowdfunding is still very young. Many platforms established before the rules existed have yet to apply to be approved under the new rules. ECSPR, or European Crowdfunding Securities Provider Regulations, enables a platform to list securities and sell them… Read More

Lithuania: Largest Fintech Hub in EU

As Lithuania explains, only a short time ago few people knew about the country – much less where it is located. Today, Lithuania punches above its weight class when it comes to attracting innovative young firms – including many Fintechs. According Invest Lithuania and its… Read More

SeedBlink Provides Update on Platform Performance: €342 Million Raised Over Past Four Years

SeedBlink is an emerging investment crowdfunding platform that is registered with the Romanian Financial Supervisory Authority and also approved under the new European Crowdfunding Service Providers Regulation (ECSPR) and thus allowed to issue securities across the EU. Under ECSPR, an issuer may raise up to… Read More

New Cybersecurity Rules for the EU Kick In

New cybersecurity rules are kicking in this week for the European Union. The regulation establishes an “internal cybersecurity risk management, governance and control framework for each Union entity, and sets up a new Interinstitutional Cybersecurity Board (IICB) to monitor and support its implementation by Union… Read More

Heavyfinance Reports Financing 72 Diverse Projects, Allocating €4 Million to Support Impactful Initiatives

Heavyfinance CEO Laimonas Noreika has commented on how far the HeavyFinance has come in just a year, and the strides they’ve made in “advancing sustainable agriculture and climate-conscious investments.” The Heavyfinance CEO said that the year commenced with a key achievement — securing €3 million… Read More

Norlantic Capital Introduces Cross-Border Platform to Provide Investors Diversified Access to US Middle Market

Norlantic Capital, a cross-border private markets firm, was established specifically to provide next-gen private equity investors—European and U.S. high-net-worth individuals, wealth managers, and family offices—diversified access to one of the most dynamic, diversified, and “fast-growing” markets in the world. The firm claims that it offers… Read More

Coinbase Is Focused on Acquiring a MiFID-licensed Entity to Expand Derivatives Offering in the EU

Coinbase (NASDAQ:COIN) claims that it’s on a mission to increase economic freedom for more than 1 billion people. In support of this mission, Coinbase says that it’s focused on “building the most trusted, compliant products and services and expanding their use around the world.” Coinbase‘s… Read More

European Central Bank and ESRB Release Report on Impact of Climate Change on EU Financial System

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets out detailed frameworks for “addressing risk to the financial system by (i) gathering… Read More

TaxBit Introduces CESOP Compliance Platform for Digital Asset Exchanges in the EU

TaxBit, the provider of compliance solutions for digital assets, announced the launch of its CESOP Compliance Platform, catering to crypto exchanges operating in the EU. This solution addresses the upcoming CESOP compliance requirements set “to commence in Q1 2024, underscoring TaxBit‘s dedication to upholding tax… Read More

Netherlands: Digital Asset Firm Amdax’s Vault Passes ISAE-3000 Type-1 Audit, Conducted by Grant Thornton and Deloitte

Amdax‘s vault is reportedly among the first crypto service providers in the EU to achieve the  ISAE-3000 Type-1 audit, conducted by accountancy firm Grant Thornton and assisted by Big-Four consultancy firm Deloitte. Amdax, the crypto-asset custodian and asset manager, is confirming that it is “the… Read More

Markets in Crypto Assets (MiCA): ESMA Posts Technical Standards Consultation

MiCA, or Markets in Crypto Assets, is the European Union’s rules to create an ecosystem where digital assets can innovate and evolve while providing a level of user protection. Recently, ESMA [European Securities and Markets Authority] announced a second public consultation on the implementation of… Read More

EU Bolsters ECB’s Power to Address Climate, Crypto Risks in Banking Sector

The European Union (EU) is set to significantly expand the powers of the European Central Bank (ECB), entrusting it with the oversight of risks associated with climate change and the burgeoning digital asset market. This sweeping update, detailed earlier this week, positions the ECB at… Read More

Digital Assets: Robinhood Is Introducing a Crypto App for European Union Clients

Robinhood (NASDAQ: HOOD) is launching a Crypto app, which will be offered to all eligible customers in the European Union (EU). According to a blog post by Robinhood, it is “the only custodial crypto platform where customers will get a percentage of their trading volume… Read More

UK FCA Shares Update on Unregulated Buy Now Pay Later (BNPL) Firms Becoming Authorized

Prior to the UK leaving the EU, EEA-based firms were able “to operate in the UK without our direct authorization.” The UK’s Financial Conduct Authority (FCA) notes that the Temporary Permissions Regime, which allowed EEA firms to continue “to operate in the UK while transitioning… Read More

European Union Loophole Might Allow Banks to Circumvent ECB’s Crypto Supervision, Banking Professional Claims

European Union rules and guidelines for protecting the financial system from risks due to cryptocurrency transactions reportedly come with a loophole that enables banking institutions to circumvent certain safeguards, and these must be addressed immediately, according to the European Central Bank‘s chief supervisor Andrea Enria…. Read More

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