Tagged: netherlands

Online Lending Platform October Celebrates One-Year Anniversary in the Netherlands

October Nederland, a financing platform for small and medium-sized enterprises (SMEs) in Europe, celebrated its one-year anniversary on October 31, 2019. The firm’s application to operate as a Netherlands-based lending platform was approved last year by the Dutch Authority for the Financial Markets. October (formerly… Read More

Dutch Court Orders Facebook to Control Fake Bitcoin-Endorsing Ads

A Dutch court has determined that Facebook has the means at its disposal to restrict Bitcoin and cryptocurrency ads featuring celebrities who did not consent to the use of their name or image, Dutch News reports. Judges in Amsterdam have also threatened to fine Facebook… Read More

Netherlands-based Fintech Move4Mobile Partners Hakrinbank to Launch New Payments App

Netherlands-based Move4Mobile, a Fintech firm that focuses on concept, strategy, design and development of mobile-based software, has created a smartphone payments app for Hakrinbank The new payments app has been developed in order to introduce online payments to Suriname, the smallest nation in South America…. Read More

Dutch Fintech Safened that Offers Digital KYC Checks Rebranded as Fourthline

Dutch Fintech firm Safened will be rebranding as Fourthline in order to comply with new know-your-customer (KYC) requirements. Safened has conducted digital identity checks for many clients, including established banks and financial services companies like Allianz, N26, and Wirecard. A team of experienced industry professionals… Read More

Amsterdam-based ING Bank Launches Initiative to Promote Artificial Intelligence Adoption in the Netherlands

Amsterdam-based ING, a multinational banking and financial services corporation, has joined a group of organizations to promote the development and adoption of artificial intelligence (AI) in the Netherlands. The project is part of a nationwide plan to halt a brain drain of talented AI professionals… Read More

Amsterdam-based Fintech Firm Bunq Expands to All European Union Countries

Amsterdam-based Fintech firm Bunq announced the launch of 22 new markets on October 1. The financial and information technology company’s services will now be available in all European Union markets. Bunq will also provide services to businesses in Norway and Iceland. Overall, the company’s products… Read More

Dutch Central Bank Tells Crypto Firms to “Prepare for Supervision”

The Netherlands’ central bank has advised the country’s cryptocurrency sector to prepare to come under the regulator’s “integrity supervision” scheme by the 10th of January 2020. De Nederlandsche Bank says it is, “required to start supervising these businesses under the fifth European anti-money laundering directive (AMLD5)… Read More

Dutch Banks Not Serving Blockchain Firms Due to Concerns About Money Laundering

Dutch banks are refusing to serve not only cryptocurrency trading platforms, but also “blockchain consultancies” or any firm using the terms “crypto” or “blockchain” in business filings, Nextens reports. According to the outlet: “An inventory was made in the Cryptocast program of BNR Nieuwsradio. When a… Read More

Blockchain AI Platform Singularity Signs Agreement with People’s Insurance Company of China

Singularity Studio, the for-profit spin-off of SingularityNET (SNET) – a non-profit Netherlands foundation building a decentralized blockchain AI platform, has signed a “Strategic Cooperation Memorandum” with PICC Finance Services. PICC is a subsidiary of the Fintech arm of the People’s Insurance Company of China Holding… Read More

Netherlands: Alternative Finance Topped €1 Billion in 2018 as Strong Growth Continues

Alternative finance surpassed € 1 billion in 2018 in the Netherlands as sector growth continues, according to a report from Stichting MKB Financiering. Ronald Kleverlaan, a representative from Stichting and note alternative finance expert, commented on the report: “The Dutch Alternative Finance market has reached… Read More

Dutch Finance Ministry “Intensifying” Cryptocurrency and Anti-Money Laundering Rules Ahead of FATF Evaluation in 2021

The Dutch Finance Ministry and Ministry of Justice have vowed to regulate cryptocurrencies as part of the Netherland’s comprehensive new plan to combat money-laundering in the region. “Our goal is to guarantee an honest and safe financial system,” co-authors Minister of Finance Wopke Hoekstra and Minister… Read More

Forthcoming European Alternative Finance Research Conference Issues Call for Papers

The 3rd European Alternative Finance Research Conference is scheduled to take place this October. In advance of the event, organizers have issued a call for academic papers on Fintech/alternative finance. The conference is organised by the European Centre for Alternative Finance (ECAF) based at Utrecht… Read More

Dutch Billionaire Suing Facebook for Hosting False Cryptocurrency Ads Featuring His Image

Lawyers for Dutch billionaire and media tycoon John De Mol filed a lawsuit against Facebook this week claiming the platform allowed his image to be used without permission to promote cryptocurrencies, Reuters reports. De Mol’s lawyers also claimed that, even after Facebook was informed of the… Read More

Anonymizing Service Bitcoin Blender Voluntarily Shuts Down

Following the forced closure last week of Bestmixer.io, another cryptocurrency mixing service, Bitcoin Blender, has voluntarily left the fray, Bleeping Computer reports. The service reportedly shut down quickly this week after posting a short announcement on its Tor-hosted website ordering customers to withdraw their funds…. Read More

Brexit Hedge: FCA Solidifies Relationship with Dutch AFM as Financial Firms Look for EU Bridge

The Financial Conduct Authority (FCA) and the Dutch Authority for the Financial Markets (AFM) have signed a formal agreement to work more closely together as financial services firms look to maintain a foothold in continental Europe. The FCA states that since the UK announced its… Read More

Dutch Man Charged for Running Fraudulent 100 Million Euro Bitcoin Mining Scheme

A 33-year-old man in the central-Netherlands city of Apeldoorn has been arrested for allegedly using a fake cryptocurrency mining scheme to defraud 100 investors out of €100 million ($112 million USD), de Gederlander reports. Officers from The Tax Information and Investigation Service of the tax authorities (FIOD)… Read More

Payments Director: Dutch Central Bank Tests of DLT/ Blockchain Yielded Lackluster Results

De Nederlandsche Bank (DNB), the Dutch central bank, has “developed and evaluated four prototypes based on distributed ledger technology (DLT) over the past three years,” but results are underwhelming so far, The Banker reports. This conclusion was provided by Petra Hielkema, director of payments and… Read More

Dutch Private Equity Firm NPM Capital Acquires 35% Stake in Fintech Startup Ohpen

Fintech

Dutch private equity firm NPM Capital announced on Thursday it has acquired 35% stake in fintech startup Ohpen. Founded in 2009, Open revealed that its mission is to develop the “best” core banking engine in the world. “Built by former bankers to administer retail investment and… Read More

The European Centre for Alternative Finance Calls for Papers in Advance of its Annual Conference

The European Centre for Alternative Finance (ECAF) based at Utrecht University School of Economics, has announced the 3rd European Alternative Finance Research Conference scheduled to take place in October in the Netherlands. ECAF said this year’s keynote speaker is Armin Schwienbacher (SKEMA Business School), an… Read More

Fintech Azimo Gains License from Dutch Central Bank to Operate in the Netherlands

Digital money transfer Fintech Azimo has secured a license from the Dutch Central Bank (De Nederlandsche Bank) to operate its services in the Netherlands, according to a release from the firm. Azimo said its headquarters will remain in London and its engineering and operations in… Read More

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