Tagged: europe

November 13, 2023 @ 8:07 am By Omar Faridi  |  

Wise (LSE:WISE) has reportedly been forced to place a freeze on onboarding new business clients across the United Kingdom and Europe because of “high demand” for services. This latest update comes after the Fintech firm had “deactivated” all US business cards this past week. Wise,… Read More

November 13, 2023 @ 6:33 am By Omar Faridi  |  

The ACPR and AMF encourage financial institutions to continue their efforts to take account of the vulnerability of ageing clients The joint unit of the Autorité de contrôle prudentiel et de résolution (ACPR) and the Autorité des marchés financiers (AMF) has published a summary of… Read More

November 12, 2023 @ 9:07 pm By Omar Faridi  |  

Rand Merchant Bank (RMB) and Westbrooke Alternative Asset Management UK Limited are pleased to announce the completion of a £25m credit facility to Westbrooke Yield Plus Plc. This strategic move has opened new doors for the Fund, “offering a broader spectrum of opportunities, more effective… Read More

November 11, 2023 @ 5:43 pm By Omar Faridi  |  

In a move to advance investor inclusion in company fundraisings and fixed income investment products, capital markets technology firm PrimaryBid announces the appointment of Stacey Parsons as Managing Director and Head of Fixed Income. Parsons’ appointment will accelerate PrimaryBid’s efforts “to unlock investor access to… Read More

November 11, 2023 @ 12:45 pm By Omar Faridi  |  

Cost cutting is said to be behind a significant drop in satisfaction levels in 2023, according to a comprehensive update shared by KMPG. The UK’s biggest brands are turning “to artificial intelligence (AI) to develop better customer and colleague experiences,” according to KPMG’s latest Customer… Read More

November 10, 2023 @ 10:03 am By Omar Faridi  |  

Swan, the European firm supporting embedded finance, opens its first office in the Netherlands, and launches localized Dutch accounts, “as part of its continued European expansion.” The launch is part of the company’s European hyperlocalization strategy, “following a successful launch in Spain earlier in the… Read More

November 9, 2023 @ 10:46 pm By Omar Faridi  |  

Clear Junction, a firm focused n cross-border payments solutions for regulated institutions, has announced the launch of its new Confirmation of Payee (CoP) service. Available for clients receiving GBP payments in the UK, the new service “will boost the security of these transactions amid the… Read More

November 9, 2023 @ 10:39 pm By Omar Faridi  |  

The Bank of London announced the appointment of Frankie Woodhead as Chief Product Officer, effective immediately. In his role, Frankie will “oversee product vision, development and delivery across the UK Bank and Group.” Frankie joins the bank “with 15 years of senior leadership experience across… Read More

November 9, 2023 @ 4:21 pm By Omar Faridi  |  

Moflix Group, a telecommunications industry pioneer providing next-generation digital solutions, announced that it has raised a $3.1 million seed funding round with the participation from The Hashgraph Association (THA) – the Swiss-based non-profit organization accelerating the adoption of the Hedera network globally, “alongside other strategic… Read More

November 9, 2023 @ 8:09 am By Omar Faridi  |  

Bank payment company GoCardless and international payment service provider and UK & Europe direct bank card acquirer Ecommpay have announced a partnership which will see the latter add bank debit to strengthen its payment offering. Thanks to GoCardless Embed, “a white-label integration, Ecommpay merchants will… Read More

November 9, 2023 @ 6:23 am By Omar Faridi  |  

International insurtech bolttech announced a preferred partnership with French entrepreneur Xavier Niel’s NJJ telecom Group (NJJ) in order “to provide device insurance for European mobile operators under its portfolio.” Both Salt and Monaco Telecom are dedicated “to providing their customers with sustainable and safe device… Read More

November 9, 2023 @ 6:22 am By Omar Faridi  |  

Shonaid Jemmett-Page reportedly takes the place of David Gagie as Chair of UK Board of Directors ClearBank, the enabler of real-time clearing and embedded banking for financial institutions. The Fintech company confirmed in a blog post that “subject to regulatory approval, it has appointed Shonaid… Read More

November 8, 2023 @ 9:47 am By Omar Faridi  |  

  European digital bank N26 has recently announced the decision “to discontinue its test phase in Brazil and wind down its operations in the market.” The decision underscores N26’s strategy to “focus on its core European markets as it further strengthens its position as Europe’s… Read More

November 8, 2023 @ 8:00 am By Omar Faridi  |  

OakNorth, a UK digital bank, says it has launched its business banking services, aimed at “helping mid-sized businesses (revenue of £1m-£100m) that are currently overlooked and underserved in the UK’s current financial landscape.” OakNorth is authorized and regulated by the Prudential Regulation Authority and the… Read More

November 7, 2023 @ 9:55 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – has reportedly repaid investors a €200 000 loan (real estate project “Lini namai”) and paid €41,076 in interest to our investors. PeerBerry enters its seventh year of operations “with a record amount of funded loans… Read More

November 7, 2023 @ 8:06 am By Omar Faridi  |  

The month of October has shown “promising” growth on Mintos. Total investments saw “a significant increase to €97 million, and interest earned by investors climbed to €4.2 million.” Mintos also mentioned that this upward trend “was primarily driven by stable investments,” as explained Peteris Mikelsons,… Read More

November 6, 2023 @ 11:02 am By Omar Faridi  |  

As the Swiss crypto-financial service provider and one of the “first” worldwide, Bitcoin Suisse announced the full support of Celestia from day 1, “offering custody, trading, and staking of its native token TIA.” TIA’s utility includes interacting “with the network, paying for data availability, providing… Read More

November 6, 2023 @ 10:19 am By Omar Faridi  |  

We recently spoke with Mindaugas Mikalajūnas, Cо-Founder and CEO of SME Finance, a Vilnius-based Fintech reinventing growth financing for small and medium enterprises (SMEs) across Europe. SME Finance aims to fill a gap left by risk-averse banks and high-cost alternative lenders. Led by Mikalajūnas with… Read More

November 6, 2023 @ 9:59 am By Omar Faridi  |  

ESTO Holdings OU, an Estonian payment processor and consumer credit provider,  reported its financial results “for the three-quarters of 2023.” With revenue growth of 54% from a year ago, the company has “achieved a historic milestone by attaining a three consecutive quarter profit of EUR… Read More

November 6, 2023 @ 9:52 am By Omar Faridi  |  

CyberCube, the market participant focused on cyber risk analytics, announced that Toa Re has licensed its Portfolio Manager platform in order “to support its cyber book and to achieve best practice risk management solutions.” Toa Re Europe is “a Swiss-licensed reinsurance company established in 2002… Read More