Fabrick, an Open Banking Fintech and Prometia, a company offering wealth management solutions, have joined to launch the Global Investment Portfolio, a digital wealth management solution that utilizes artificial intelligence (AI) as well as Open Banking tech. According to a release, the two companies have… Read More
The team at European online lender October has published a blog post on credit risk analysis models including their construction and application. October notes in an update that the Covid-19 health crisis has led to two situations: a rise in the number of new loan… Read More
CBI, which is a hub for tech innovation and the ongoing digitalization of the financial sector, has teamed up with CRIF, an international firm focused on credit bureau & business information, advanced digital solutions for business development and Open Banking. This partnership between CBI and… Read More
Finlombarda Spa, the financial institution of Lombardy Italian region, will be supporting the relaunch of Lombardy economy via the Italian alternative financing project, known as “Credito F.A.C.I.L.E.”. As mentioned in an update published on June 23, 2021, by October, this acronym means “simple” in Italian… Read More
illimity, the first digital bank in Italy that previously completed a SPAC deal, has distributed its strategic plan for the time period of 2021 to 2025. After reporting net income in 2020 of €31 million following a net loss of €16.1 million in 2019, illimity… Read More
Italy-based Fabrick, an Open Banking ecosystem, is introducing various API-powered solutions that aim to harness the power of Open Finance. Fabrick has developed two different solutions that are reportedly based on Mastercard APIs: InControl for Business and Identity Check Mobile (IDCM). They are used to… Read More
From startup to a business reporting €2 million in turnover and over a 62% growth when compared with the situation before the COVID-19 outbreak, Ultroneo, the Fintech firm which introduced the GetYourBill solution for instant digital invoicing, is now preparing to branch out into foreign… Read More
AideXa, an Italian banking challenger for small businesses, has reportedly acquired a full banking license which was issued by the European Central Bank (ECB). Established by Roberto Nicastro, ex- GM at Unicredit, Banca AideXa aims to leverage AI and Open Banking to better serve SMEs… Read More
AppGallery, a leading app marketplace, has introduced near-field communication (NFC) payments in European markets, after forming a partnership with Stocard, a leading mobile wallet provider. After teaming up with AppGallery, Stocard worked closely with Huawei to integrate Huawei Mobile Services (HMS) Core capabilities within its… Read More
Checkout.com, a Cloud payment provider, revealed on Thursday (May 27, 2021) that it has established a business office in Barcelona, in order to serve as its headquarters for operations across Southern European markets. Key markets for Checkout.com will include Spain, Portugal, Italy and Greece, the… Read More
FinecoBank (BI:FBK), a Fintech that offers a single account with banking, trading, and investment services, says new accounts have jumped in recent months. According to a note from the bank current accounts have increased by approximately 50% from the end of 2020 to April 2021…. Read More
SIA, Cattolica University (CeTIF) and Reply have completed a test for surities, or “Fideiussioni digitali,” leveraging blockchain technology. The project included the participation of the Bank of Italy, the Institute for the Supervision of Insurance (IVASS) and the Italian Finance Police. The partners have announced… Read More
European online lender October says its always looking for and finding ways to empower businesses by simplifying and “democratizing” their funding. Since 2014, October has been helping SMEs in five different countries, becoming one of the leading small business lending platforms in Europe. October confirms… Read More
Said to be one of the first open banking partnerships in Italy, Banca Sella and Workinvoice have announced a partnership to develop end-to-end digital financial services for corporates. According to a note from the company, Workinvoice will integrate digital products for corporates, like services for… Read More
viafintech and illimity Bank S.p.A. have formed a partnership where users of illimitybank.com may use the “viacash” feature in their mobile banking app. The service is provided by viafintech and branded as “Cash Deposit” in the bank’s own app. illimity Bank customers will now be… Read More
Camille David from European online lender October reveals that 5,672 private investors from all across Europe have reportedly financed the Sandaya project via the October platform – which is notably a new record. Claire Juliard, who leads October Connect, confirmed that this is in fact… Read More
Payments Fintech Nuapay is expanding its platform across Germany and Italy leveraging open banking. According to a statement by the company, Nuapay has connected with 308 banks in Italy and 435 banks in Germany, covering approximately 98% of Italian payers and 70% of German payers…. Read More
illimity, a digital bank that claims the title of the first in Italy, is reporting €31 million in net profit for 2020. In 2019, illimity reported a €16.1 million net loss. Corrado Passera, illimity’s CEO, said illimity has fully met the results for the year… Read More
FinecoBank (BI:FBK), a digital bank operating in the UK but based in Italy, says that the number of current accounts jumped by 70% during 2020 while the ratio between active accounts and total current accounts increased by 63% (from 15% in 2019). FinecoBank entered the UK… Read More
Scalapay, an Italy-based buy now pay later provider, has reportedly secured €40 million through its latest investment round, which was led by Fasanara Capital with participation from Baleen Capital and Ithaca Investments. According to TechCrunch, the investment round is Scalapay’s fist significant funding since its launch… Read More
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