Tagged: italy

October 5, 2023 @ 9:53 am By Omar Faridi  |  

wefox, which claims tobe one of the leading insurtech firms, has been appointed as affinity insurance partner by WINDTRE, Italy’s telecommunications business. The company has launched its own insurance agency, WINDTRE Assicurazioni, “to provide insurance directly to its customers.” wefox will provide “a range of… Read More

October 4, 2023 @ 11:11 am By Omar Faridi  |  

Intesa Sanpaolo, Italy’s bank and reportedly among the “largest” in Europe, has chosen iGenius – a company that applies its generative AI technology to business intelligence (BI) – to implement its BI solutions. iGenius is a platform that “simplifies access to data using natural language,… Read More

September 14, 2023 @ 8:47 am By JD Alois  |  

N26, a leading European digital bank, has appointed a new General Manager for Italy and Southern Europe. According to a statement from the bank, Claudio Bedino will lead the charge in “one of the most important banks” for the Fintech. Bedino will step into the… Read More

September 4, 2023 @ 9:36 am By Tony Zerucha  |  

Banca AideXa, a Fintech founded in 2020 by Roberto Nicastro and Federico Sforza, had a booming third quarter, the company said this week. In the third quarter of 2023, officials say the bank strengthened its positive growth trends in figures, business, and saver confidence. The… Read More

August 20, 2023 @ 10:06 pm By Omar Faridi  |  

TerraPay, a global payments infrastructure company, today announced that it has secured authorization as an Electronic Money Institution (EMI) in Italy. Having obtained approval from the Bank of Italy, TerraPay is set “to expand its operations within the country and subsequently, throughout the European Union.”… Read More

August 13, 2023 @ 5:44 pm By Omar Faridi  |  

The team at Yield App is pleased to announce that they’ve registered as a virtual asset service provider (VASP) with Italy’s Organismo Agenti e Mediatori (OAM). According to the update from Yield App, this marks a huge step in their long-term commitment to compliance with… Read More

July 27, 2023 @ 8:30 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and Microsoft Corp. (Nasdaq: MSFT), recently announced Microsoft’s integration of PayPal’s Pay Later solution in the U.S., U.K., Australia, Germany, France, Spain, and Italy. In addition, customers in the U.S. will soon “have the option to pay with Venmo in… Read More

July 24, 2023 @ 8:37 am By Omar Faridi  |  

Mediobanca Group, Italy’s largest investment bank, has signed a partnership with Founders Factory, the London-based global company builder and early-stage investor, to launch a new fintech venture studio and accelerator. This joint venture, underpinned by an overall €12 million investment from Mediobanca, will facilitate innovation… Read More

July 2, 2023 @ 6:51 pm By Omar Faridi  |  

Over three-quarters or 75% of the population in Lombardy, Italy’s largest and most industrialized area, banked online this past year, compared with the national average of just 63%, the Bank of Italy recently revealed. Virtual banking in Lombardy has reportedly increased by around 20 percentage… Read More

June 27, 2023 @ 8:06 am By Omar Faridi  |  

The team at Conio pleased to announce that their company has been selected among the six Italian fintech companies for the Visa Innovation Program Europe 2023. The program aims “to promote innovation in the financial and payment sectors by fostering collaboration and accelerating innovative companies… Read More

June 23, 2023 @ 7:35 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement “for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now,… Read More

June 16, 2023 @ 10:51 am By JD Alois  |  

Italian bank Intesa Sanpaolo has launched a new digital bank Isybank. “With the launch of Isybank, the digital transformation of Intesa Sanpaolo continues, which sees this project as one of the pillars of the 2022-2025 Business Plan”, said Carlo Messina, Managing Director and CEO of… Read More

May 30, 2023 @ 10:30 am By JD Alois  |  

CDP Cassa Depositi e Prestiti has invested €25 million in the October SME V fund. October Italy CEO Sergio Zocchi thanked Cassa Depositi e Prestiti, noting the bank joins other European investors, such as European Investment Fund (EIF), Bpifrance, and Invest-NL, who will lend to… Read More

May 8, 2023 @ 12:25 pm By JD Alois  |  

SeedBlink, a newer online investment platform based in Bucharest but with global aspirations, has announced a strategic partnership with Italy-based Doorway – another securities crowdfunding platform. Doorway is a venture capital platform in Italy, enabling direct investment in the asset class by private and corporate… Read More

April 28, 2023 @ 8:46 am By JD Alois  |  

Eurocrowd has revealed a new “national hub” for the Italian crowdfunding market offering an Italian-language website dedicated to the national ecosystem. Eurocrowd is the advocacy group for the European securities crowdfunding market, having worked with regulators and public officials for years to improve online capital… Read More

April 17, 2023 @ 8:30 am By Omar Faridi  |  

The European Investment Bank (EIB) is granting a €100 million loan to illimity which, in turn, “undertakes to invest an additional €100 million for small businesses through b-ilty, the illimity Group’s digital bank.” As noted in the update, 30% of the resources will be “channeled to… Read More

March 8, 2023 @ 8:30 am By Omar Faridi  |  

Global financial technology company SumUp has unveiled its multi-product subscription – SumUp One, now “available in the UK and Italy, and soon in other European markets.” SumUp One reportedly “combines the best of the SumUp product suite in a single, unified offering for merchants across… Read More

February 13, 2023 @ 2:12 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity proofing, risk assessment, and eKYC solutions, has partnered with international gaming operator Sisal “to streamline KYC for its players online.” Based in Italy, Sisal currently “operates in Italy, Morocco, and Turkey, with a range of offerings that includes… Read More

February 13, 2023 @ 10:42 am By Omar Faridi  |  

The Italian banking sector is going through a moment of “strong transformation” and faces many challenges in customer relations, according to an update from Backbase. Its centrality is “increasingly evident and its daily needs, which are constantly evolving, become more and more pressing and to… Read More

December 19, 2022 @ 8:01 pm By Omar Faridi  |  

Cerved, the Italian platform focused on credit risk analysis and management, has signed a strategic partnership with Greenomy, the ESG Market Infrastructure, “to deliver a new service on the Italian market designed to help businesses comply with new EU Sustainable Finance regulations (EU Taxonomy, CSRD,… Read More