Europe has emerged as a key region for hatching and scaling fintech companies. And today, one of the more prominent fintech startups is announcing a large round of funding, from a mix of strategic investors, to keep growing its business.
Varo Money is poised to become a full-fledged bank, making it the first of a new wave of fintech upstarts to win that approval in the US. The company’s long and expensive journey through a thick barrier of regulation is a reason why America’s banks have repelled the tech disruption sweeping through other industries.
Revolut, the European banking and money transfer app that now claims over 10 million customers, has partnered with open banking API provider TrueLayer to add bank account aggregation features to its app.
German fintech startup N26 is shutting down its operations in the U.K. Customers who opened a bank account in the U.K. will have to transfer their deposits, spend everything with their card or withdraw money at an ATM, as all accounts will be automatically closed on April 15, 2020.
Agenda revealed for Digital City Expo on Digital City Festival website - see when all the leading speakers are taking to the stage at the two-day event.
The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019.
Sending money from one country to another — either because you are a business paying someone for a service, or a family member working abroad and sending money back home, or something in between — is a huge business, worth some $700 million annually. Today, a London startup called Currencycloud, which has built a set of remittance APIs that let any financial business integrate money transfer services into its platform, is announcing that it has raised $80 million to tap into that opportunity, and to help take on the Western Unions of the world.
For insurance carriers, automation can be a dangerous game as customers demand both a frictionless, automated claims process and access to understanding claims handlers. How do you find the right balance?
The insurance industry is facing the challenges of disruption caused by the technological advancements in artificial intelligence (AI) and machine learning (ML). Insurance carriers are now able to know more about their customers than ever before.
On 20 February, the British Embassy in The Hague will organise the CFS2020; your one-stop shop to the Anglo-Dutch FinTech market.
Yangon, Myanmar, 13 January 2020 - The Greater Sub-Mekong Region is in the midst of a coordinated push towards financial inclusion. In Myanmar, adults with access to at least one formal financial product increased from 30% in 2014 to 48% in 2018, surpassing the initial 2020 targets of 40%. Current figures on formal financial inclusion in Cambodia show an inclusion rate of 59%. More needs to be done to bridge the gap in the region.
PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay), following approval of the transaction by the People's Bank of China on September 30. With the close of the deal, PayPal is the first foreign payments platform licensed to provide online payment services in China.
LBG announces Eazy Collect as first PSP client onboarded to Lloyds Bank Gem, the newest Cash Management and Payments Platform
Adyen's payments platform will begin roll out in the U.K. in Q1 2020 Adyen, the global payments platform of choice for many of the world’s leading companies, announced today that it has entered into an agreement to make Adyen’s payments platform available to McDonald’s markets globally, beginning with the U.K. early next year.
During the month of May, Populus Financial's ACE Cash Express stores raised $55,599 for Back on My Feet through ACE's annual fundraising event, the Give A Little Campaign. Populus Financial Group also made an annual corporate donation of $100,000 to the organization.
Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings, insurance, mortgages, investments, pensions and consumer credit to increase innovation and choice.
n 2018, we wrote: “Biometric smart cards are emerging as the next innovation in payment cards." Jump forward a year and NatWest called biometric payment cards “the biggest development in card technology in recent years” when announcing its pilot of the technology.