European banks sign up to gpi trial on TIPS
Designed to smoothen out real-time payments in Europe.
Europe
Wagestream raises £40m for “get-paid-as-you-earn” service
It is the UK’s largest pool of social impact investment.
TransferMate lands major deal with WellsFargo
The financial details haven’t been disclosed.
Lloyds announces new digital tech hub in Edinburgh
Plan will create 500 high-skilled jobs over next 18 months.
Facebook eyes payments market with new Swiss fintech
Social network has registered the company in Geneva.
Swedish fintech Minna Tech receives €5.6m funding
The subscription management tech now aims to make customer experience easier.
The Netherlands – the rise of a new fintech hub
More than 400 companies are operating in the Dutch fintech industry, and the start-up scene is thriving.
Swedbank to acquire Vilnius’ Barclays Operations Centre in Lithuania
Banks are planning to complete this transaction by 1 July 2019.
Rabobank IDB works with Sopra for PSD2
The bank has taken a Sopra solution called the Digital Experience Platform (DxP).
FintechOS raises $1.2m to expand internationally
The round brings the company’s total funding to $3 million.
Top fintech stories this week – 17 May 2019
SoftBank’s big investment, as well as BCR’s pool B… and more!
Quotevine wins £2.2m in funding
The UK-based firm provides asset and automotive finance solutions.
Holvi expansion targets micro businesses in five new European markets
Finnish start-up serves “everyday entrepreneurs” with business current accounts.
Swiss bank prepares for PSD2 API regulations
It will provide APIs for third-parties for the Cornèrcard in the UK and Liechtenstein and Diners Club Card Italy.
German bank Penta integrates business invoicing with Debitoor
Debitoor automatically compares invoices and money paid.
Certua acquires insurtech Surely Group
It is to bolster Certua’s new insurance platform.
German wealthtech Elinvar gets Goldman Sachs injection
The digital platform for asset and wealth managers wants to expand throughout Europe.
Conversion platform BookingBug rebrands as JRNI
Webcollage’s John Federman joins as new CEO.
KYC firm 4Stop raises $2.5m for fight against fraud
The Series A was led by Ventech.
UK is fintech world leader with £4.5bn investment in three years
The country is also fourth in the world for overall scaleup investment.
SoftBank invests $800m into UK fintech Greensill
It puts Greensill’s valuation at $3.5bn.
Swedish refinancing start-up Anyfin eyes European expansion with €8m investment
The extended Series A round brings total investment to €13.3 million.
Video: fintech news weekly round-up – 13 May 2019
This week, blockchain and crypto by big names like Facebook and Microsoft, among other news!
Scale Insights moves to the UK following investment from Nationwide
The Canadian firm will use the undisclosed investment to analyse speech patterns.
Atom picks TruNarrative to provide AML solution
Atom was looking for a better way to manage false positives.
Manchester: the “only logical choice” outside London for Europe’s fastest growing fintech
UK’s Northern Powerhouse will be supported by the success of Manchester.
West Ham taps MuchBetter for ease of pay for fans
How to pay easily with your phone at the football.
HSBC targets simplified receivables process with DART digital solution
HSBC says the B2B connectivity platform is an industry-first.
Flagstone gains £11m of capital injection for market expansion
Backers include Kindred Capital, Moneysupermarket Group, and VentureFounders.
SettleGo signs for ClearBank’s payment access services
The service will also facilitate real-time account creation and addressable UK IBANs for SettleGo’s customers.
Orange joins Raisin’s €100m Series D investment round
Orange has key mobile financial services initiatives in Europe and Africa.
Countingup and Hokodo partner for invoice insurance service
This is intended to create a new service allowing UK SMEs to protect their income on an invoice-by-invoice basis.
Top fintech stories this week – 10 May 2019
Deutsche Bank picks Red Hat, Orange acquires Secure Link, and much more!
Video: fintech news weekly round-up – 09 May 2019
This week, Mastercard, Facebook and many more!
Estonia ups requirements for virtual currency licences
In an attempt to avoid money laundering and terrorism financing.
NatWest becomes first UK partner for open banking platform Tink
Swedish fintech will add personalisation to the bank’s mobile banking.
Orange acquires SecureLink for €515m
Investcorp originally acquired SecureLink in December 2015.
Nivo’s platform receives £2m funding to connect customers
The Manchester-based firm specialises on instant messaging and identity verification.
Deutsche Bank selects Red Hat’s cloud tech
It will support the bank’s Fabric digital platform.
UK renters’ insurer Urban Jungle raises $2.5m
The seed funding will expand the firm’s product portfolio.
