Deutsche Börse plans digitisation for German capital markets
German exchanges operator aims for 80% of all securities to be digital by end of 2022.
Germany
N26 pays €4.25m fine for money laundering failures
German digital bank hit with fine by country’s financial regulator.
Deutsche Bank boosts online payments with Better Payment acquisition
Deutsche Bank’s acquisition will expand its product range and market share in online payments in Germany.
Swedish payments platform Billogram lands $45m investment
The recurring billing platform provider will seek to move into six new countries.
JP Morgan to acquire majority stake in Volkswagen’s payments business
US banking giant says the deal will expand its digital payment capabilities.
Scalapay raises $155m in Series A round to fund BNPL expansion
European payments firm seeks greater foothold in core markets.
Hamburg Commercial Bank goes live on Broadridge payments system
German lender aims to revamp its processing capabilities.
Mambu takes the Cake with new digital banking deal
Cloud core banking vendor wins deal with new Vietnamese digital bank Cake.
German fintech elopage nets $38m in Series A round to expand SaaS platform
The round marks the bootstrapped company’s first venture capital raise.
Coinbase deploys Solarisbank to streamline onboarding in Germany
Cryptocurrency platform deploys new systems to improve KYC.
Paysafe agrees deal to acquire German digital payments firm viafintech
It is Paysafe’s third acquisition in the last month, following deals for SafetyPay and PagoEfectivo.
German fintech Moss lands $29m funding in Series A extension
Start-up claims the latest injection boosts its valuation up to $264 million.
Danish challenger Kompasbank goes live with Mambu’s cloud banking platform
COO says Mambu is “the right choice to help us on our growth trajectory”.
Objectway acquires German core vendor Die Software Peter Fitzon
Italian software company plans all-in-one wealth and core product suite.
Open banking platform finleap connect overhauls management team
Uwe Sandner, Katja Hunstock and Ignacio Garcia named as CTO, CPO and CSO.
Solarisbank raises €190m in Series D, acquires Contis for UK foothold
German BaaS provider hits unicorn valuation and looks towards the UK.
Commerzbank to write off €200m after scrapping outsourcing project with HSBC
The bank cites implementation risks and changed market conditions as the reasons behind its decision.
Klarna acquires German payments fintech Stocard
Rumoured deal is valued at around €110 million.
Pleo lands $150m Series C funding round
The firm says the investment brings its valuation to around $1.7 billion.
Deutsche Börse acquires Swiss digital assets firm Crypto Finance
German group paid “a modest three-digit million” sum for the firm.
Raisin and Deposit Solutions merge to create pan-European fintech giant
The newly formed Raisin DS is already turning its eyes towards the US.
Deutsche Bank partners Oracle to upgrade its IT systems
The bank is looking to modernise its database tech and accelerate its digital transformation.
BayernLB picks Broadridge to cover regulatory reporting needs
Broadridge to help German bank with SFTR, EMIR, SiFIR, and MMSR reporting.
Raisin lands first US partner bank with Dallas-based MapleMark
German fintech makes headway after 18 months of preparation.
Deutsche Bank signs payments joint venture with Fiserv
The two firms plan to create new acceptance and banking solutions.
Hanseatic Bank to streamline transaction authentication with Netcetera
German bank aims to unify payment confirmation to help users.
European neobroker Scalable Capital raises $180m in Tencent-led funding round
This latest funding round brings the firm’s total capital raised to over $320 million.
Pleo appoints new CRO as it prepares for $100m funding round
Arun Mani joins Pleo after a successful spell at software company Freshworks.
Commerzbank confirms first commercial transactions on Marco Polo network
Commerzbank, İşbank, LBBW and two corporates have completed transactions ahead of a launch.
Digital insurer Wefox raises $650 million in Series C funding round
The funding round was four times over-subscribed and is a mix of new and existing investors.
Trade Republic plots European expansion with $900m Series C fundraise
German trading app aims for a roll-out across the euro zone.
nCino wins first German client in Hamburg Commercial Bank
Accenture will provide project management, design, development and testing.
Deutsche Bank seeks payments revamp with Silverflow deal
Deutsche Bank says the deal will support the launch of two new payment services this year.
Tink acquires German open banking provider FinTecSystems
Founded in 2014, FTS has grown to 67 employees.
Degussa Bank plans new credit card launch with Nets
It is the first partnership of its kind for the Nets in Germany.
N26 issued order by German regulator to improve AML measures
To oversee these changes, Bafin has appointed a “special commissioner”.
Video: pick of the week – Tink and AmEx team up; Commerzbank agrees 10,000 job cuts
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Tink and American Express sign European open banking deal
New AmEx customers will “seamlessly connect” to their accounts.
Commerzbank finalises 10,000 job cuts after agreement with employees
German lender moves forward with widescale restructure plan.
Amartha, Vivid Money, Expensya & a55 feature in May funding rounds
A clutch of early investment rounds from May you could have missed.
