Deserve wins a new $250m credit facility from Goldman Sachs, Cross River, and Waterfall Asset Management, to expand its credit card platform.
The digital euro has been making progress but in a recent ECB consultation, it became clear there could be major issues in its design.
Deutsche Bank has partnered with the International Air Transport Association to develop an industry wide payments solution; they hope to...
German investment banking giant Deutsche Bank has been slapped with a £7.3m fine by Berlin’s finance regulator for failing to strengthen internal controls
Zero Hash's CEO believes every financial services firm and a significant number of customer businesses will offer a crypto or NFT product within 12 months.
Digital assets have evolved into an ecosystem of potential with innovation driving development far beyond speculative investment.
Digital asset trading infrastructure platform Elwood Technologies has closed a $70 million Series A funding round led by Dawn Capital and Goldman Sachs.
Copper.co has been approved for membership of the Swiss Financial Services Standard Association (VQF) via Copper’s Swiss entity based in Zug.
Georg Ludviksson, the head of Meniga, a digital bank that was started in Finland back in 2009, says that banks are at risk of losing the top spot among their customer base; tech giants like Google, Facebook and Alibaba are placing themselves between banks, and their customers are no longer seeing their traditional bank as the go to place for financial services; Georg Ludviksson also points out that the coming PSD2 regulation will shift the balance of power from banks to the customer and that the regulation has the potential to transform banking in Europe. Source
In looking for a new CFO the company posted an ad stating that the new officer would help to lead the company through an IPO in 3 to 4 years; Monzo has recently raised capital and talked about global expansion into Asia and the US; the UK based digital bank has also stated they are launching new products in 2018. Source.