Singaporean embedded finance company Nium has launched in the US and extended its range of Banking-as-a-Service products to include cryptocurrency buying.
Thought Machine has raised another $42 million, an add-on round to its Series B announced in March, taking their total...
Citi has launched Single Euro Payments Area (SEPA) Instant Payments in Europe to bolster its payment offering portfolio.
UK based digital bank Revolut has strongly denied claims that they interfered in Lithuanian politics when acquiring their banking license;...
February 2022 has seen "a number of regulatory updates," as well as more reports of growth within the UK Fintech sector: Report.
The Blockchain Insurance Industry Initiative B3i announces that 23 new entrants are joining its Market Testing program; The new entrants are: AIA, AIG, Aon, Chubb, Covéa, Everest Re, Gen Re, Guy Carpenter & Marsh, JLT Re and more; the new companies will join the existing group in testing the prototype platform. Source.
Forbes partnered with market research firm Statista to measure the best banks in more than 20 countries by surveying more...
LendIt has partnered with SeedInvest to include live fundraising at this year's PitchIt @ LendIt Europe competition; through the partnership LendIt Europe delegates and SeedInvest's 185,000 users can invest in the eight startup finalists during the event; these finalists will present before an audience and panel of judges on October 10 from 11:00 am to 1:00 pm. Source
European marketplace lender Lendix will offer loans to Italian SMEs; the platform will now support peer-to-peer loans from EUR30,000 ($32,175) to EUR2 million ($2.1 million) for Italian businesses; Lendix has originated a total of over EUR70 million ($75 million) in business loans from borrowers in France and Spain. Source
Europe provides some interesting examples for fintech bank chartering and licensing as companies SoFi and Varo lead the way in the United States; two top companies to watch include Tandem and Klarna; fintech company Tandem recently acquired a bank, Harrods Bank, which will provide it with GBP80 million ($103 million) of capital and a banking license if the transaction is approved; Klarna has also been a fintech banking leader in Europe; the Swedish payments company recently received a banking license and has reported deals with Permira, Visa and Brightfolk. Source