Yolt shuts down app to focus on open banking technology services
The Yolt app has more than 1.6 million downloads.
Italy
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.
Credito Emiliano goes live on Temenos Infinity to launch new mobile app
Italian lender develops new digital channel in nine months with Temenos.
CleverCards to gain EMI licence via M&A, raises Facebook exec-led €10m round
Gareth Lambe, head of Facebook Ireland, has invested in CleverCards.
Banca Sella and Workinvoice form Italy’s first open banking partnership
The partners will provide end-to-end digital financial services to corporates.
Penta Bank raises €7.5m in extended Series B funding round
German challenger bank brings total raised this round to €30 million.
Italian neobank illimity turns €16m loss into €31m profit in a year
The neobank’s best-performing arm, by a long way, was its NPL unit.
Italy’s BNL goes live on Tink open banking service
The implementation is part of an extended deal with BNP Paribas.
Italy’s Banca Generali acquires $14m stake in crypto fintech Conio
The deal will see Conio’s services offered to Banca Generali’s customers in 2021.
UniCredit CEO to step down in 2021
Jean Pierre Mustier calls it quits after butting heads with board.
Square and Tencent lead €93m Satispay funding round
The Italian paytech firm has recorded “significant growth” in 2020
Former UniCredit execs launch Aidexa to service Italian SMEs
The bank aims to win over some of the seven million small businesses in Italy.
Nexi’s acquisition of Nets creates Europe’s largest payments firm by volume
Nexi is “uniquely positioned to catch further M&A opportunities”, says CFO.
Yolt to launch Mastercard debit card through PPS partnership
Money management app takes a deeper step into the payments sphere.
Monte dei Paschi ex-boss and former chairman sentenced to jail
The three former execs were ordered to pay damages claimed by some of the bank’s savers.
Nexi and SIA seal €15bn mega-merger to form “Europe’s largest” payments provider
The two have around two million merchants, and around 120 million cards.
Illimity and Banca Sella buy into each other for open banking venture
A flurry of share issuance, exchanges and buyouts as illimity nabs half of fintech firm Hype.
Moneyfarm partners with Fabrick to expand open banking offerings
The pair plan to create a joint offering for customers in Italy and the UK.
Italy’s Banca Mediolanum launches sustainable challenger Flowe
The bank currently employees a team of 56.
Banca Ifis breaks into Germany with Raisin partnership
Raisin to power cross-border finance for Italian firm.
German business banking start-up Penta tops up Series B by €4m
The financing round adds to the fintech’s Series B in March.
PBI lands €45m & acquires salary-backed loans business
The fintech was founded by ex-UniCredit execs.
Monte dei Paschi explores merger plan with Banco BPM
World’s oldest bank looking to bulk up its resources.
UBI Banca offers digital salary backed loans with FinLeap
The partnership is through the bank’s subsidiary Prestitalia.
Italy’s Generali considers Brightsphere acquisition in US
The insurance giant is looking to expand its US footprint.
Intesa Sanpaolo pushes for UBI Banca acquisition
The verdict next month will reveal if the acquisition can go ahead.
UniCredit teams with fintech Taulia to boost trade finance capacity
The fintech will allow the bank to serve more clients in and outside of Europe.
Italian neobank illimity launches its open banking platform
The bank launched just nine months ago.
Milan picks Soldo’s prepaid cards to distribute coronavirus aid
The cards are loaded with money from Italy’s €400 million Solidarity Fund.
Auriga snaps up LDM security platform from S21sec
Italian technology vendor Auriga has acquired ATM cybersecurity platform Lookwise Device Manager (LDM) from Spanish security firm S21sec. Auriga plans to integrate its new acquisition into the WWS software suite, designed for security monitoring and control of networked devices including ATMs, point of sale, and payment control systems. Designed as an integrated security solution, Auriga […]
CRIF to buy AI fintech Strands
The deal is expected to close in the “coming weeks”.
Penta lands $20.3m to help German and Italian SME
The round was co-led by RTP Global and HV Holtzbrinck Ventures.
Intesa Sanpaolo makes €4.9bn bid for rival UBI
UBI Banca is Italy’s fifth largest bank.
Klarna buys Italian paytech Moneymour
A product development hub will be launched in Milan.
UniCredit outlines 6,000 job cuts and 450 branch closures in cost-cutting plan
Italian bank kicks off its three-year plan.
How SalaryFits is connecting banks with the unbanked
FinTech Futures speaks to its CEO Délber Lage about its platform and future plans.
BNP Paribas extends open banking partnership with Tink
French banking group now deploys Tink in Belgium and Italy.
White paper: Next-generation acquiring in Mediterranean countries
What merchant acquirers should do to outperform increasing competition from new entrants.
CBI’s CEO on gender diversity in banking and how it’s changing
She is optimistic about the last eight years she’s spent as a CEO.
