Tagged: italy

June 22, 2021 @ 9:27 am By JD Alois  |  

illimity, the first digital bank in Italy that previously completed a SPAC deal, has distributed its strategic plan for the time period of 2021 to 2025. After reporting net income in 2020 of  €31 million following a net loss of €16.1 million in 2019, illimity… Read More

June 15, 2021 @ 7:56 am By Omar Faridi  |  

Italy-based Fabrick, an Open Banking ecosystem, is introducing various API-powered solutions that aim to harness the power of Open Finance. Fabrick has developed two different solutions that are reportedly based on Mastercard APIs: InControl for Business and Identity Check Mobile (IDCM). They are used to… Read More

June 14, 2021 @ 8:03 am By Omar Faridi  |  

From startup to a business reporting €2 million in turnover and over a 62% growth when compared with the situation before the COVID-19 outbreak, Ultroneo, the Fintech firm which introduced the GetYourBill solution for instant digital invoicing, is now preparing to branch out into foreign… Read More

June 8, 2021 @ 9:31 am By Omar Faridi  |  

AideXa, an Italian banking challenger for small businesses, has reportedly acquired a full banking license which was issued by the European Central Bank (ECB). Established by Roberto Nicastro, ex- GM at Unicredit, Banca AideXa aims to leverage AI and Open Banking to better serve SMEs… Read More

June 5, 2021 @ 11:03 am By Omar Faridi  |  

AppGallery, a leading app marketplace, has introduced near-field communication (NFC) payments in European markets, after forming a partnership with Stocard, a leading mobile wallet provider. After teaming up with AppGallery, Stocard worked closely with Huawei to integrate Huawei Mobile Services (HMS) Core capabilities within its… Read More

May 28, 2021 @ 7:44 am By Omar Faridi  |  

Checkout.com, a Cloud payment provider, revealed on Thursday (May 27, 2021) that it has  established a business office in Barcelona, in order to serve as its headquarters for operations across Southern European markets. Key markets for Checkout.com will include Spain, Portugal, Italy and Greece, the… Read More

May 13, 2021 @ 8:56 am By JD Alois  |  

FinecoBank (BI:FBK), a Fintech that offers a single account with banking, trading, and investment services, says new accounts have jumped in recent months. According to a note from the bank current accounts have increased by approximately 50% from the end of 2020 to April 2021…. Read More

May 10, 2021 @ 9:08 am By JD Alois  |  

SIA, Cattolica University (CeTIF) and Reply have completed a test for surities, or “Fideiussioni digitali,” leveraging blockchain technology. The project included the participation of the Bank of Italy, the Institute for the Supervision of Insurance (IVASS) and the Italian Finance Police. The partners have announced… Read More

April 23, 2021 @ 7:56 am By Omar Faridi  |  

European online lender  October says its always looking for and finding ways to empower businesses by simplifying and “democratizing” their funding. Since 2014, October has been helping SMEs in five different countries, becoming one of the leading small business lending platforms in Europe. October confirms… Read More

April 21, 2021 @ 1:17 am By JD Alois  |  

Said to be one of the first open banking partnerships in Italy, Banca Sella and Workinvoice have announced a partnership to develop end-to-end digital financial services for corporates. According to a note from the company, Workinvoice will integrate digital products for corporates, like services for… Read More

April 7, 2021 @ 11:20 pm By JD Alois  |  

viafintech and illimity Bank S.p.A. have formed a partnership where users of illimitybank.com may use the “viacash” feature in their mobile banking app. The service is provided by viafintech and branded as “Cash Deposit” in the bank’s own app. illimity Bank customers will now be… Read More

February 26, 2021 @ 11:35 am By Omar Faridi  |  

Camille David from European online lender October reveals that 5,672 private investors from all across Europe have reportedly financed the Sandaya project via the October platform – which is notably a new record. Claire Juliard, who leads October Connect, confirmed that this is in fact… Read More

February 25, 2021 @ 12:34 pm By JD Alois  |  

Payments Fintech Nuapay is expanding its platform across Germany and Italy leveraging open banking. According to a statement by the company, Nuapay has connected with 308 banks in Italy and 435 banks in Germany, covering approximately 98% of Italian payers and 70% of German payers…. Read More

February 11, 2021 @ 9:36 am By JD Alois  |  

illimity, a digital bank that claims the title of the first in Italy, is reporting €31 million in net profit for 2020. In 2019, illimity reported a €16.1 million net loss. Corrado Passera, illimity’s CEO, said illimity has fully met the results for the year… Read More

February 11, 2021 @ 8:47 am By JD Alois  |  

FinecoBank (BI:FBK), a digital bank operating in the UK but based in Italy, says that the number of current accounts jumped by 70% during 2020 while the ratio between active accounts and total current accounts increased by 63% (from 15% in 2019). FinecoBank entered the UK… Read More

February 1, 2021 @ 2:49 pm By Samantha Hurst  |  

Scalapay, an Italy-based buy now pay later provider, has reportedly secured €40 million through its latest investment round, which was led by Fasanara Capital with participation from Baleen Capital and Ithaca Investments. According to TechCrunch, the investment round is Scalapay’s fist significant funding since its launch… Read More

January 26, 2021 @ 9:27 am By JD Alois  |  

SIA, a subsidiary of CDP Equity – a holding company of Cassa depositi e prestiti Group that is a digital payments provider and tech-solution for financial services, has signed an agreement with WizKey to launch a platform available to banks, funds, and financial operators to negotiate… Read More

January 22, 2021 @ 12:38 pm By JD Alois  |  

Cassa Depositi e Prestiti SpA (CDP) an Italian investment bank founded in 1850 in Turin that is largely owned by the Italian government, has decided to invest in digital lender October’s SME fund. According to a statement by CDP, the bank has committed €20 million… Read More

January 20, 2021 @ 8:42 am By JD Alois  |  

finleap connect, an open banking platform, has signed a strategic partnership agreement with SIA, a European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, to deliver new open banking services to European Fintechs, banks and more, according to a release…. Read More

December 24, 2020 @ 9:28 am By JD Alois  |  

A Blast from the Past. Bitgrail, a bankrupt crypto exchange that previously operated in Italy, has surfaced in the media once again. Back in 2018 news emerged of a significant crypto theft of around $150 million in Nano (XRB). At that time a post on… Read More