Tagged: italy

October 10, 2020 @ 9:18 am By Omar Faridi  |  

Italy-based Enel will soon be the first of Europe’s major utilities providers to introduce a digital banking platform this month. According to Reuters, the virtual bank will let customers open a new current account by using the debit card they use to settle their energy… Read More

October 9, 2020 @ 10:00 am By JD Alois  |  

The LSE Group has issued a statement on the proposed divestment of Borsa Italiana Group in a transaction with Euronext. The deal will see a sale to Euronext for an equity value of €4.325 billion, plus an additional amount reflecting cash generation to completion. The… Read More

October 5, 2020 @ 9:28 am By JD Alois  |  

Two European payments firms, Nexi S.p.A. and SIA S.p.A. have signed a memorandum of understanding (MoU) regarding the integration of the two groups through the merger by incorporation of SIA into Nexi, according to a release. The MoU was executed by the respective shareholders, CDPE3… Read More

September 29, 2020 @ 7:25 am By Samantha Hurst  |  

Nexi, an Italy-based paytech, announced on Tuesday it has formed a new partnership with UK fintech Ebury. Through the partnership, Ebury will join Nexi Open and Nexi’s partner banks will be able to offer their clients the full suite of Ebury services, which includes international… Read More

September 25, 2020 @ 4:34 pm By Omar Faridi  |  

Enrico Vigano, CFA and CEO and Founder at FinDynamic (from Milan Area, Italy), notes that a new Fintech tool has been introduced which aims to support supply chains. Vigano confirmed that Diners Club Italia and FinDynamic (a company offers an “innovative form of supply chain… Read More

September 19, 2020 @ 9:55 am By Omar Faridi  |  

October, a leading European online lender, notes that in the past 5 years, it has issued over 450 million euros in loans to different companies. The marketplace lender reveals that 100 projects, or 10% of all projects that have received loans through its platform, were… Read More

September 14, 2020 @ 8:12 am By Omar Faridi  |  

Germany, France, Italy, Spain, and the Netherlands recently asked the European Commission (EC) to draft strict regulatory policies for stablecoins, which are digital assets that are supposed to be backed or pegged 1-to-1 with major fiat currencies like the US dollar or the British pound… Read More

August 4, 2020 @ 7:37 am By JD Alois  |  

Revolut has partnered with TrueLayer, a financial service API provider, to incorporate open banking features in Italy. According to a release issued by the digital bank, Revolut customers in Italy will now be able to connect their Intesa Sanpaolo, UniCredit, UBI Banca, Banco BPM, Poste… Read More

August 2, 2020 @ 12:42 pm By Omar Faridi  |  

The London Stock Exchange (LSE), which is based in the City of London, England and has a market cap of around $4.6 trillion, is reportedly looking into whether it should sell its Borsa Italiana business, so that it can appease certain European Union regulators, and… Read More

July 23, 2020 @ 9:36 am By JD Alois  |  

Flowe has announced the selection of SIA to provide digital banking services including e-money, payments, current accounts, loans and savings management. Flowe is part of the Mediolanum Group, an Italian e-money institution. SIA is a European hi-tech company in the payment services and infrastructures sector… Read More

June 29, 2020 @ 8:04 am By JD Alois  |  

FinecoBank (BI:FBK), an online trading and banking platform,  has added a suite of funds from Aberdeen Standard Investments (ASI). The company states that with the new funds from ASI, Fineco clients in the UK now have access to a new set of funds. ASI is… Read More

June 24, 2020 @ 10:16 am By JD Alois  |  

Quant Network, an enterprise blockchain tech firm, and SIA, European payment services business and a subsidiary of CDP Equity, have successfully tested cross-blockchain interoperability between multiple Distributed Ledger Technology (DLT) protocols, according to a company release. The test integrated the Quant Network’s Overledger technology into… Read More

June 16, 2020 @ 10:20 am By JD Alois  |  

Illimity, the first digital bank in Italy, is now offering a “illimity Hubs,” described as an innovative collaboration model in line with open banking and an open platform approach. lllimity is a banking start-up specializing in loans to SMEs. Illimity provides a digital direct banking… Read More

June 4, 2020 @ 8:46 am By JD Alois  |  

ANote Music, a marketplace for investing in music royalties, is planning to launch on July 28, 2020, according to a company release. Based in Luxembourg, ANote Music plans to allow users to invest in music, own rights from content creators, and earn returns through the… Read More

June 1, 2020 @ 1:28 am By Omar Faridi  |  

There are now 278 Fintech firms in Italy, which  is 49 more than when Big Four auditing firm, PricewaterhouseCoopers (PwC), released its previous report on the financial technology sector in the European nation. PwC’s extensive 96-page report reveals that Italy now has an emerging real… Read More

May 22, 2020 @ 11:37 am By JD Alois  |  

Young, an Italian crypto-exchange startup that raised seed funding on Seedrs last fall, has raised additional capital at a valuation of €10 million. When Young raised funding on Seedrs the pre-money valuation was pegged at €8.5 million. The company ended up raising €787,480. Details on… Read More

May 20, 2020 @ 11:13 pm By Omar Faridi  |  

Artificial Intelligence firm, AnalytixInsight Inc. (TSX-V: ALY; OTCQB: ATIXF) recently revealed that it’s expecting its Fintech affiliate, MarketWall, to benefit from the new trend toward the increased use of digital channels, due to the COVID-19 outbreak. AnalytixInsight says that its analysis is based on Intesa… Read More

March 30, 2020 @ 8:07 am By Omar Faridi  |  

A group of companies based in the Netherlands have introduced the “Tech against Corona” project. Firms taking part in the initiative will provide the latest technology and expertise to the Dutch government so that it may be used to combat the coronavirus (COVID-19) outbreak. Tymlez,… Read More

March 23, 2020 @ 2:17 pm By Omar Faridi  |  

Italian bank Unicredit is providing a discounting solution to Venchi, a local chocolate and ice cream company. The discounting tool has been developed by FinDynamic, an Italian Fintech firm. It allows firms that are UniCredit clients to optimize how they use their working capital while… Read More

March 23, 2020 @ 7:32 am By Omar Faridi  |  

The Italian Red Cross is reportedly looking for Bitcoin (BTC) donations in order to buy critical medical equipment and supplies. The organization’s first cryptocurrency fundraiser managed to achieve its target within three days after its launch. On March 12, 2020, Italy’s Red Cross introduced a… Read More