Deutsche Bank selects Tieto to boost virtual account services
The deal enables an enhanced cash management offering to corporate clients.
Germany
Santander leads €35m funding round in digital debt marketplace CrossLend
Lakestar, ABN AMRO Ventures and Earlybird will also be investing.
How to thrive in an ever changing market, a conversation with the COO of Qualco
Spyros Retzekas, COO at Qualco says agility is the key.
Finnish invoicer Enterpay raises €1m and partners with German bank
The fintech partners with Volksbanken Raiffeisenbanken.
Deutsche Bank to focus on Germany for job cutting scheme
Bank’s home market to suffer the brunt of cuts.
PayExpo 2019: Europe will catch the UK’s open banking lead up in a year, says Danske Bank
Danske says the European landscape lends to more unique businesses.
Deutsche Bank to create new technology division
German lender aims to improve technology innovation
Regulators could delay Facebook’s Libra launch, says executive
Libra’s MD says regulators must be “fully onboard” first.
German government aims to correct MiFID II “excesses”
Federal Ministry of Finance is keen to kick off revisions before Spring 2020.
BIAN takes aim at core banking modernisation with new initiative
It wants to create an efficient and effective approach to core change.
Sibos 2019: Swift reveals 41 second European payments pilot
The payment traveled from Singapore to Germany.
Deutsche Bank turns German fintech Deposit Solutions into unicorn
The bank bought a 4.9% stake in the fintech.
Deutsche Bank joins Interbank Information Network
The blockchain-based platform has more than 300 member banks.
German blockchain strategy fires warning shot at Facebook’s Libra project
Germany vows to fight any efforts to issue parallel currencies.
Ping An Global Voyager Fund and Raisin invest in Joonko
The seed round raised €10 million.
Volkswagen Bank chooses OneSpan for cybersecurity
Volkswagen will use OneSpan’s mobile application security.
B-North chooses Mambu and nCino for core technology
B-North is still awaiting a licence from the FCA.
LeasePlan migrates to Ohpen’s core banking system
Nearly one million Dutch and German savings accounts moved to new cloud-based system.
Swiss fintech start-up Numbrs reaches unicorn status
Numbrs raised $40 million, pushing it over $1 billion in value.
Close Brothers picks Deposit Solutions’ Swiss direct B2C channel
Savedo will enable the collection of euro retail deposits from Switzerland.
N26 sets sights on future IPO
“Our goal is to do for finance what Spotify did for music.”
Commerzbank and LBBW set a new blockchain milestone
This time they’ve integrated logistics provider, Logwin AG.
Scalable Capital attracts further €25m growth funding
Blackrock has increased its initial investment.
Deutsche Bank creates digital bank Fyrst
Currently the project is suspended by the former subsidiary Postbank.
Blockchain-focused challenger Bitwala raises €13m
The Berlin-based bank is now looking into expansion.
Case study: why a banking service provider migrated to containers
Banking service provider figo builds a containerised infrastructure to meet goals for speed, scalability and security.
N26 extends Series D funding to $470m
The company is now valued at $3.5bn
Bonify eyes European expansion with new investment
The fintech has over half a million users.
FNZ acquires German investech Ebase for €154m
Ebase was previously owned by Comdirect Bank
Bsurance to enable Cashpresso’s buyer protection
Ensuring the safety of purchasing by instalments.
Bitbond celebrates STO raising $2.3m
The token offering makes Bitbond the first issuer to have its prospectus approved by BaFin.
Hundreds of German fintech start-ups gone bust since 2017
The average age of the fintechs that failed was four years old.
Troubled Fidor Bank to shut down in the UK
Fidor Bank UK has announced it is withdrawing its services and products from 15th September.
Aazzur launches funding round
The Berlin-based fintech has also begun beta testing.
Getsafe raises €15m for AI-driven insurance
The German mobile insurtech is looking to double its team and expand in the UK.
German bank Penta integrates business invoicing with Debitoor
Debitoor automatically compares invoices and money paid.
German wealthtech Elinvar gets Goldman Sachs injection
The digital platform for asset and wealth managers wants to expand throughout Europe.
KYC firm 4Stop raises $2.5m for fight against fraud
The Series A was led by Ventech.
Orange joins Raisin’s €100m Series D investment round
Orange has key mobile financial services initiatives in Europe and Africa.
Video: fintech news weekly round-up – 09 May 2019
This week, Mastercard, Facebook and many more!
