Tagged: germany

July 9, 2024 @ 8:31 am By Omar Faridi  |  

The German government reportedly owns about $2 billion worth of Bitcoin (BTC) and this appears to a matter of concern for cryptocurrency investors. That’s because the nation’s government has been aggressively selling BTC that it had previously seized from an illegal website that has now… Read More

June 26, 2024 @ 10:50 pm By Omar Faridi  |  

Mambu, a cloud banking platform, and C24 Bank, a “fully regulated” and BaFin-approved bank have announced an extension to their ongoing partnership following a successful initial launch of the greenfield digital retail bank. Founded by Check24, Germany‘s largest online comparison portal, C24 Bank “provides convenient… Read More

June 25, 2024 @ 11:03 am By JD Alois  |  

Germany based payments platform Nexi says it now enables merchants in Germany to accept in-person contactless payments with Tap to Pay on iPhone. The company added that it will continue to expand the availability of Tap to Pay on iPhone to its customers across Europe… Read More

June 24, 2024 @ 8:37 am By Omar Faridi  |  

Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by online prepaid payment firm Recharge. The survey of 2,000… Read More

June 19, 2024 @ 4:34 pm By Omar Faridi  |  

wefox investors have reportedly proposed €25 million capital injection to potentially stop the Ardonagh deal. London-listed Chrysalis Investments is said to be among the shareholders expected to provide €25 million into what was once one of Europe’s largest Insurtech firms, Sky News reported. Two of… Read More

June 17, 2024 @ 7:33 am By Omar Faridi  |  

Shift4 (NYSE: FOUR), the enabler of integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals. Based in Germany, Vectron has ~65,000 POS locations “across… Read More

June 13, 2024 @ 6:00 am By JD Alois  |  

Blockchain firm IOTA has been selected to participate in the European Blockchain Sandbox. According to a blog post, IOTA will be participating in the Sandbox with its Web3 identification product. IOTA says the solution tokenizes all kinds of identification processes, enabling identity verification in Web3 environments… Read More

June 12, 2024 @ 11:55 pm By Omar Faridi  |  

Santander recently announced that Zinia, its digital consumer finance platform, will become the new consumer finance provider for Apple in Germany. Zinia will aim to offer customers purchasing Apple products “both in Apple stores and online at apple.de the option to defer payments by splitting… Read More

June 8, 2024 @ 9:55 am By Omar Faridi  |  

For a long time, the German property industry experienced a boom, but with increasing regulation and rising cost and efficiency pressure, “the pressure on companies to innovate is increasing,” according to report from KPMG. The majority of companies have recognized the need “for more innovation,… Read More

June 4, 2024 @ 9:45 pm By JD Alois  |  

Open-ended real estate mutual funds in Germany have experiend net outflows of funds for the ninth time in a row in April, according to Barkow Consulting. The outflow amounted to €481 million, the highest figure in over six years (August 2017). Total outflows now amount… Read More

June 3, 2024 @ 8:57 am By Omar Faridi  |  

N26, Europe’s digital bank, says that it welcomes the latest decision from the Federal Financial Supervisory Authority (BaFin) in Germany, which will see the complete lift of the growth restriction for N26 from June 1, 2024. To date, the company has been able “to take… Read More

June 3, 2024 @ 12:46 am By Omar Faridi  |  

Cybercrime remains a real threat in Germany: more than one in three companies (35 per cent) in this country has been the victim of a cyber attack in the past two years. The attacks have placed a greater financial burden “on a large number of… Read More

May 19, 2024 @ 9:32 am By Omar Faridi  |  

Mark Branson, President of the German Federal Financial Supervisory Authority (BaFin), warns against trying to pay for the green and digital transformation of the European economy by weakening capital requirements. Branson said at the BaFin’s conference in Frankfurt am Main on 14 May: “Otherwise we… Read More

May 16, 2024 @ 8:39 am By Omar Faridi  |  

Generative AI is becoming increasingly relevant for German companies: More than half of the companies (53 per cent) are planning to significantly expand their investment activities, according to an update from KPMG. More than half of these companies even want “to increase their investments by… Read More

May 13, 2024 @ 9:35 am By JD Alois  |  

GenoCrowd, a real estate investment platform that provides developers with access to capital, is reporting that a recent offering opened to investors has quickly sold out. According to an email, the Eisenbahnstrasse, Leipzig project, which went live on April 30th with a funding goal of… Read More

May 6, 2024 @ 7:47 am By Omar Faridi  |  

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has partnered with Tide, the UK’s business financial platform, to offer small and medium-sized businesses (SMEs) Tide business accounts, first in Germany before potentially expanding further into Europe. Following its announcement of strategic… Read More

April 29, 2024 @ 11:06 am By JD Alois  |  

Real estate crowdfunding platform GenoCrowd has launched the fourth projectwith the AS Group of companies. The AS Group is a real estate investor, investment manager, and developer based in Berlin with subsidiaries in Hamburg, Leipzig, Magdeburg, Cologne, and Frankfurt am Main. The company focuses on… Read More

April 28, 2024 @ 10:25 pm By Omar Faridi  |  

Germany’s automotive marketplace mobile.de has chosen payments Fintech Mangopay to launch a tailored payment solution for its end users. The new collaboration is expected to enable consumers to buy or sell through mobile.de. They will be able to pay or get paid “for their vehicle within… Read More

April 23, 2024 @ 8:23 am By Omar Faridi  |  

After a challenging period for the cryptocurrency / digital assets market last year, investor optimism and confidence in digital assets has returned – albeit with some reservations. This is shown by the results of a joint survey conducted by KPMG in Germany and BTC-ECHO, the… Read More

April 17, 2024 @ 7:38 am By Omar Faridi  |  

Bitpanda recently announce their strategic partnership with Landesbank Baden-Württemberg (LBBW), which is reportedly Germany’s largest federal bank and with a balance sheet of more than 330 billion Euros (as well as a key institution in the German banking sector). Through this collaboration, LBBW will “utilize… Read More