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Europe

·Feb. 5, 2019

Investigation into Wirecard’s Accounting Practices

Wirecard has announced that an external law firm is investigating accounting manipulations by a member of the company’s finance team...

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Europe

·Jul. 5, 2022

Basel Committee issues climate risk management guidelines

Global warming's associated effects are posing an increased risk to financial institutions worldwide. The Basel Committee has issued guidelines to help mitigation.

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Europe Fintech News Roundup

·Jan. 25, 2018

UK Online Lender Zopa Re-Opens to New Investors

Early last year UK online lender Zopa closed the platform to new investors, they have now re-opened it; investors will be able to invest in both the Core and Plus products, with and without the IFISA; last week Zopa also announced for the first time since 2015 they were raising target investor rates to 4 percent for Core and 4.6 percent for Plus. Source.

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Europe Fintech News Roundup

·Nov. 16, 2017

Digital Bank Monzo Hints at IPO in Next Few Years

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.

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Europe

·Mar. 4, 2022

Rebuildingsociety eyes more council partnerships

Rebuildingsociety is planning to partner with more local councils this year, after securing a funding agreement with Basildon Borough Council last month. The Essex-based council is providing the peer-to-peer lending platform with up to £10,000 for each suitable loan that supports small- and medium-sized businesses in the region that meet its green agenda, while earning

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Europe News Roundup Online Lending

·Apr. 27, 2017

P2P Global Investments Fund Reports 0.55% Increase in March NAV

The P2P Global Investments Fund has assets under management of GBP833 million ($1.07 billion) and reported an increase of 0.55% in its March NAV; total NAV return for Q1 2017 was 1.18% and the Fund has decreased its discount to 15%; the Fund has been continuously evolving its strategy and is also reviewing its investment manager. Source

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Europe News Roundup Online Lending

·Mar. 27, 2017

P2P Global Investments PLC Reports Monthly Performance

The P2P Global Investments Trust has reported February performance; NAV return of 0.38% was helped by the firm's current buyback program and is the 33rd consecutive month of positive NAV returns since inception; 12 month return is 3.92% and inception to date return is 14.20%; investment manager is actively diversifying to reduce exposure to US consumer loans and shift to European real estate and bonds. Source

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Europe Fintech News 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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Europe

·Jan. 7, 2022

iProov Announces $70M Investment from Sumeru Equity Partners

iProov, the world leader in online biometric face authentication, today announced a $70 million growth investment from Sumeru Equity Partners

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Europe

·Jan. 10, 2022

Startup accelerators’ definition of ‘value add’ is due for a refresh

Much has changed about the way launch pads for startups look, feel and show value today. The earliest investors are rethinking signaling risk, dilution and even the worth of a traditional demo day.

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