Tagged: italy

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

March 20, 2020 @ 7:47 am By Omar Faridi  |  

Cryptocurrency adoption is steadily increasing and the coronavirus (COVID-19) pandemic appears to have motivated or influenced Italy’s Banca Sella to introduce a Bitcoin (BTC) trading service. The BTC trading may be performed through Banca Sella’s Hype exchange platform, with the bank serving as a trusted… Read More

March 13, 2020 @ 8:12 am By Samantha Hurst  |  

Online payments company Skrill announced on Friday it is dropping all fees and foreign exchange charges for those using its Skill Money Transfer service to send funds to Italy. Along with the transfer fee drops, there will also be no charges for recipients in Italy…. Read More

February 27, 2020 @ 10:21 am By Omar Faridi  |  

Italy-based FinecoBank, a Fintech service provider and private banking group, is expanding its exchange service hours for its UK-based users, who now have the option of trading different currencies 21 hours a day, 7 days a week. FinecoBank is also expanding its multi-currency accounts to… Read More

February 13, 2020 @ 9:57 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Wednesday it has acquired Moneymour, a buy now, pay later payments platform based in Italy. Founded in 2017, Moneymour allows customers to buy now, pay later by splitting their purchases into monthly installments based on an instant credit assessment. “The… Read More

February 7, 2020 @ 6:45 am By Omar Faridi  |  

The Italian Ministry of Economy and Finance has reportedly begun a consultation on a Draft Decree on the evaluation criteria to test out Fintech projects in a sandbox environment. The ministry has appointed a Fintech Committee, which will be exploring various financial technology projects. The… Read More