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Europe

EuropeFintechNews Roundup
·Feb. 3, 2020

Financial Services Executives React to the Implications of Brexit

The UK has officially left the EU and while most of 2020 will be a transition time fintech and bank...
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EuropeFintechNews Roundup
·Sep. 22, 2017

European Central Bank Considering Higher Capital Requirements for Banks with Fintechs

The European Central Bank (ECB) is considering additional capital buffers to banks looking to incorporate fintech; the regulator says adding fintech to the bank will increase the potential for a volatile client base and the untested products will need a lot of capital; this is part of the recent draft licensing guidelines released by the ECB. Source.

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EuropeFintechNews Roundup
·Apr. 13, 2020

British Business Bank Adds Fintechs to CBILS Program

The British Business Bank has added fintechs OakNorth Bank and Starling Bank to the more than 40 lenders in the...
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Europe
·Sep. 17, 2021

Top Fintech Europe News Stories for September 17, 2021

Here are the most read news stories from our daily newsletter today: Another one Buys Now Pays Later: Goldman acquires...
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EuropeFintechNews Roundup
·Feb. 6, 2017

Ex-Banker Launches Blockchain Services Firm for Hedge Funds

Former Goldman Sachs banker Mona El Isa has founded an asset management services company that will provide blockchain solutions for hedge funds; El Isa launched Melonport in February 2016 with co-founder Reto Trinkler and has now hired George Hallam, former head of external communications at the Ethereum Foundation; El Isa's hedge fund services will use smart contracts to automate various aspects of portfolio management for hedge fund managers which will lower the costs of building a hedge fund.  Source

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Europe
·Jun. 12, 2022

Western Union Integrates Mambu Into Its Virtual Bank Platform In Europe

Mambu, the cloud banking platform, has partnered with Western Union, a global "leader" in cross-border, cross-currency money movement.
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EuropeFintechNews Roundup
·Aug. 7, 2017

Moneyfarm Reports GBP260mn in AUM

The European robo adviser has gained 10,000 customers and reported GBP260 million ($339.25 million) in assets under management; customers include Italian and UK consumers; source provides other data from the company's earnings results reporting a loss of GBP6.3 million ($8.22 million) from revenue of GBP167,628 ($218,721) for 2016; company says it is forecasting profitability by 2019; currently partnering with Allianz and another firm in Italy on two new servicing deals; also focused on launching a pension product this year. Source

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Europe
·Sep. 10, 2021

Top Fintech Europe News Stories for September 10, 2021

Here are the most read news stories from our daily newsletter today: Embedded finance growth will be exponential, experts tell...
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Europe
·Jun. 2, 2022

Pix breaks further ground in payments market

As of May 2022, the PIX system had roughly 118 million users, 56% of Brazil's population.
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EuropeFinanceNews Roundup
·Nov. 3, 2016

NatWest Adds iwoca to Alternative Lenders Panel

Earlier this week, the UK launched its bank referral scheme to help extend credit to small businesses not funded by nine of the UK's largest banks; it seems that UK banks outside of the UK consortium are also increasing their efforts to provide alternative options for business borrowers; this week NatWest announced it has added iwoca to its alternative lending panel, Capital Connections.  Source

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