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Businessman standing at transparent glass floor on rooftop with night Smart city panoramic view. Business success with smart technology concept

·Oct. 27, 2023

UK Fintech Drives Productivity but has a limited “Force for Good.”

Often marketed as a "force for good," UK fintech's actual impact on issues such as diversity and the climate crisis remains limited.

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Europe Fintech USA

·Jul. 14, 2020

Hedosophia is One of the Most Important and Secret Fintech Funds

Hedosophia is not a household name, and that is by design. The fund is one of the most secretive investors...

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Europe Fintech News Roundup

·Oct. 13, 2017

Revolut’s Growth and Culture Preach Results

In an interview with Business Insider at LendIt Europe Revolut CEO Nikolay Storonsky discussed the company’s continued record growth and office culture; he explains, "Nowadays people are all international. Banks are not providing this service. The vision for us is alternative global banking. Anyone in the world can just download the Revolut app and set up a local bank account to access any services they need.”; the interview also touched on the drive of his employees and his kite surfing hobby. Source.

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Europe Fintech News Roundup

·Nov. 21, 2017

French Startup Looks to Help Banks with Artificial Intelligence

French based DreamQuark is looking to provide an AI solution to banks, asset management firms and insurance companies; the product, Brain, helps financial services companies to make smarter decisions in fraud detection, anti-money laundering and credit scoring; they can also help to better organize data so firms can offer customers tailored products and cut down on false positives so consumers don’t need to call for verification purposes. Source.

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Europe Fintech

·Jun. 2, 2020

TrueLayer Strikes Open Banking Deal With UK Government

The UK government has added TrueLayer to its Payment Acceptance Framework meaning it can now provide payments for goods and...

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Europe Fintech News Roundup

·Oct. 31, 2017

European Commission Commits €30bn to Blockchain Investments

The European Commission has announced a €30bn investment initiative for blockchain technology; the funding is part of the Horizon 2020 Initiative which helps commit capital to projects in security, climate, clean energy and the digital economy; “Artificial intelligence, genetics, blockchain: science is at the core of today's most promising breakthrough innovations,” said Carlos Moedas, commissioner for research, science and innovation according to CoinDesk. Source.

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Europe

·Jun. 2, 2022

October acquires SME lending entity Credit.fr

To further strengthen its offering to SMEs, lending platform, October, has acquired Credit.fr, spelling an exciting future within Europe.

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Europe Fintech News Roundup

·Apr. 16, 2020

UK Banks Approved Only 6,000 SME Loans So Far

UK banks have only approved 6,000 loans for £1.1bn to SMEs as they slowly start to roll out the Coronavirus...

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Europe Fintech News Roundup

·Dec. 9, 2016

UK Financial Wellness Startup, Abaka, Raises Seed Funding

Fintech startup, Abaka, raised 520,000 British pounds in seed funding from Anthemis Exponential Ventures and MMI Holdings' Exponential Ventures; the company intends to use the capital to hire new people and launch in the UK; the company uses artificial intelligence to help employees improve financial wellness through a savings platform so they can manage their pension plans on their phones. Source

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Europe News Roundup Online Lending

·Mar. 21, 2017

British Business Bank Investments in P2P Platforms Total 135mn British Pounds

Media site Bridging & Commercial filed a freedom of information request into the British Business Bank's investments in P2P platforms; since 2014 the British Business Bank has invested 135 million British pounds ($168 million); commitments are made via the Business Finance Partnership Tranche (BFP) and the Investment Programme (IP); the details are outlined in the above chart. Source

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