Tagged: netherlands

June 8, 2020 @ 9:57 am By Omar Faridi  |  

Amsterdam based Fintech BUX, a retail brokerage company that announced a “soft launch” version of its digital asset exchange earlier this year, will be expanding its stock trading services into Austria and Germany. The commission-free trading app provider is introducing its investment platform, Bux Zero,… Read More

May 23, 2020 @ 4:24 pm By Omar Faridi  |  

The global economy has slowed down considerably during the past few months due to COVID-19. Many businesses and industries have been negatively affected, including financial services providers. The pandemic has destabilized private capital markets. Investments in new initiatives and early-stage companies have decreased significantly. During… Read More

May 20, 2020 @ 1:30 pm By Samantha Hurst  |  

Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, has successfully secured its initial €1 million funding target through its equity crowdfunding campaign on Seedrs. The funding round was launched earlier this month and has attracted nearly 425 Seedrs investors. As previously reported, Lendahand describes… Read More

May 6, 2020 @ 1:08 pm By Samantha Hurst  |  

Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, is now seeking to raise €1 million through its equity crowdfunding campaign on Seedrs. The launch of Lendahand’s Seedrs round comes nearly four years after the platform raised $465,768 through its second round of funding on… Read More

April 25, 2020 @ 5:52 pm By Omar Faridi  |  

Netherlands-based Bittr, a Bitcoin (BTC) savings service, is reportedly closing down its business. Ruben Waterman, the company’s founder, said that newly-enforced financial regulations were the main reason why Bittr decided to shut down its services. The AMLD5 became effective July 9, 2018, and required the… Read More

April 25, 2020 @ 10:27 am By Omar Faridi  |  

European challenger bank bunq is introducing joint accounts for its Premium and Business account holders. Bunq+1 users will now have the option of opening an account for anyone they want to, which includes their partners and children. Bunq+1 business clients can create new accounts for… Read More

April 22, 2020 @ 11:35 pm By Omar Faridi  |  

The reserve bank of the Netherlands, De Nederlandsche Bank, recently revealed that it’s planning to play a key role in the ongoing development of central bank digital currencies (CBDCs). As mentioned in a notice published on April 21, 2020, the Dutch central bank said that… Read More

April 3, 2020 @ 7:29 am By Omar Faridi  |  

Wolters Kluwer’s Compliance Program Management (CPM) business has introduced the Coronavirus Noteworthy Developments Bulletins, which aim to bring together all the global regulatory modifications, orders, notices and various other updates for the financial services sector (as they relate to the deadly COVID-19 outbreak). The newly… Read More

April 2, 2020 @ 9:47 am By JD Alois  |  

Netherlands based challenger bank bunq has announced a new program where its customers may become “CO2 free” in under two years simply by using the bunq Green Card. bunq SuperGreen is a program that for each €100 spent on any bunq card the company will… Read More

April 2, 2020 @ 1:00 am By JD Alois  |  

Finturi, a Netherlands-based startup that leverages blockchain to power invoice financing, has received regulatory approval by the Dutch Authority of Financial Markets (AFM), according to a note from the firm. Launched in September 2018, Finturi uses technologies like blockchain and artificial intelligence (AI) to make… Read More

April 1, 2020 @ 10:57 pm By Omar Faridi  |  

Amsterdam-based ABN Amro, the third-largest bank in the Netherlands, has revealed that it will be offering a credit facility to its commercial banking clients. The bank said it aims to help those who have been most affected by the coronavirus (COVID-19) outbreak. ABN Amro said… 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 24, 2020 @ 1:16 pm By JD Alois  |  

Firm24, a company that reportedly provides corporate services to 25,000 companies in the Benelux region, is looking to “tokenize” the shareholder registry via a partnership with Dusk Network and LTO Network (formerly LegalThings One). LTO Network is also a crypto that currently trades on Binance…. Read More

March 22, 2020 @ 1:10 pm By Omar Faridi  |  

Banks in the Netherlands are helping customers perform contactless payments at store locations without requiring them to enter their PIN numbers. This move is part of the extraordinary measures that have been taken to prevent the further spread of the deadly and highly contagious Coronavirus… Read More

March 13, 2020 @ 7:57 am By Omar Faridi  |  

Backbase, an omnichannel digital banking solution provider, has teamed up with Finxact, in order to assist banks and credit unions with their digital transformation efforts. The partnership between Backbase, a Netherlands-based digital banking software developer, and Finaxct, aims to combine the best of online and… Read More

March 11, 2020 @ 2:57 pm By Omar Faridi  |  

London-based Brismo, a provider of lending performance data, is being acquired by LoanClear. The business will be based in Amsterdam, after the acquisition is finalized by Q3 2020. The combined company will aim to combine Brismo’s standardization and validation of performance, benchmarking, indices, analytics with… Read More

March 8, 2020 @ 12:15 pm By Omar Faridi  |  

Netherlands-based TerraPay, an international payments infrastructure developer, recently confirmed that it was acquired by investors Prime Ventures and Partech Africa, and its management. The exact amount involved in the acquisition has not been shared publicly. These same group of investors, and IFC, a third investor,… Read More

March 8, 2020 @ 11:37 am By Omar Faridi  |  

Texas-based Vantage Bank has reportedly chosen Netherlands-based Backbase and its online banking platform to consolidate the institution’s services that it offers to clients. Jouk Pleiter, CEO at Backbase, noted that the partnership is “particularly exciting.” Established in 1923 as San Antonio National Bank, Vantage merged… Read More

March 4, 2020 @ 1:05 am By Omar Faridi  |  

Netherlands-headquartered Backbase, a digital banking software developer, has introduced its Onboarding and Origination platform, which has been designed to reduce client onboarding times by as much as 80% while enhancing operational efficiencies by 30%. Backbase’s solution works well for retail clients, small and medium-sized enterprises… Read More

February 13, 2020 @ 11:53 pm By Omar Faridi  |  

Rewire, an international banking service provider for migrant workers, has confirmed that it’s developing a neobank (all-digital) for migrants based in Europe. The development will reportedly involve Rewire providing customized accounts to its clients, which will cater to the special requirements of emigrés. This will… Read More