Deutsche Bank partners Fiserv to launch SME payments and banking solution Vert
Vert is a payment acceptance and banking services solution for SMEs.
Europe
Crypto-powered banking platform BVNK secures Spanish digital asset registration
BVNK is looking to expand across the European Union and beyond.
Europe fintech funding round-up: Payable, Axyon AI, Cube and HeidiPay
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Orange Bank takes sanctions screening real-time with SAS and Neterium
The AML-CTF platform powered by SAS and Neterium is “a game-changer”, says Orange Bank’s deputy CEO.
Digital receipts start-up Flux closing down
Flux says that from 14 October, they “will no longer be able to receive digital receipts or cashback offers”.
UK fintech GoHenry lands $55m in fresh funding round
Existing investors Edison Partners and Revaia took part with Italian paytech Nexi joining in as a new investor.
Risk management fintech Kantox sold to BNP Paribas
The sale builds on a strategic partnership between Kantox and BNP Paribas inked in 2019.
La Banque Postale automates regulatory reporting with Regnology
Abacus360 Banking will become the bank’s single platform for the European and French reporting regimes.
Bank North sells lending business to LHV UK as it winds down operations
LHV UK’s parent, Estonian banking group LHV, is also an investor in Bank North.
MarketFinance nets £30m credit facility from Israeli investment group Viola
Viola had previously invested £75 million in the company to support its entry into the business loans segment.
OakNorth Bank buys 50% stake in specialist lender ASK Partners
Both firms say the transaction will enable them to continue providing “holistic” funding solutions to customers.
Santander UK launches in-app service to help customers manage their home
The new service allows users to view home value estimates, mortgage balance, EPC ratings and make home repairs.
SurePay selected by Railsr as confirmation of payee vendor
Railsr has selected SurePay as its UK Faster Payments (UKFP) confirmation of payee (CoP) vendor.
BNP Paribas to provide £200m financing to UK consumer lender Fluro
Fluro is a new name and brand for embedded lender Lending Works.
Family-focused financial wellness app Fr33m3n gears up for launch
The app will offer financial literacy programmes such as lectures, tutorials, podcasts and webinars.
The fourth edition of the Fintech Talents Festival to take place in November
Join the UK’s largest and most impactful UK fintech festival next month and hear from 400+ speakers.
Payment Systems Regulator outlines card-acquiring market remedies
Focusing on 14 providers will ensure “around 95% of transactions for the merchants our remedies will protect will be regulated”.
European fintech start-up Rauva appoints new CTO
Maxence Cornet was previously CTO and co-founder of Vybe, a French challenger that closed earlier this year.
Mind the gap: how the Fintech Growth Fund aims to boost the UK fintech scene
The fund is set to raise capital from investors and pump money into UK fintechs looking to scale.
Europe fintech funding round-up: Plum, NoFrixion, Currensea and Finteum
Our weekly round-up for you to get the latest fintech funding news from around the UK and Europe.
Industry report: Funds disbursement in Europe – speed alone is not enough
Commissioned by Visa, the report takes a deep dive into funds disbursements in Europe to explore the current state of the market.
European community fintech 11Onze launches SME banking app
11Onze chair James Sène says SMEs are “the lifeblood of our communities and global economies”.
Blockchain firm SETL partners Swift for common tokenisation framework pilot
Parties from both the tokenised and traditional asset worlds collaborated on the project.
Welsh neobank Banc Cambria gearing up for launch next year
Banc Cambria is understood to be targeting a 2023 launch and hopes to reverse the tide of bank branch closures.
UK challenger Zopa in talks to raise $100m before mooted public listing
Zopa is reportedly in “detailed negotiations” with shareholders to raise around $100m.
Adyen partners open banking platform Tink for A2A payment solution
Adyen says its open banking integration will launch first in the UK, with plans to expand to multiple markets in 2023.
Merck commits $20m to CNote to support underserved communities in the US
The money will go to underserved communities in regions where Merck currently operates.
NORD/LB taps Trade Ledger for corporate finance solution
Trade Ledger CEO Martin McCann says the digital solution the firm has developed for NORD/LB is a “world first”.
Railsr secures $46m in Series C funding
CEO and co-founder Nigel Verdon says the funding is a “significant step on our route to profitability”.
Funding Circle forms lending partnership with Bayview Asset Management
The partnership aims to support “thousands” of UK small and medium-sized enterprises (SMEs).
Swedish lendtech DBT secures $284m financing from NatWest and Värde Partners
DBT’s credit analysis tech platform analyses real-time data to provide a more accurate risk assessment for SMEs.
ING head of transaction banking Mark Buitenhek steps down
Buitenhek first joined the bank in 1988 and has been head of transactions services since 2014.
UK challenger Bank North collapses
The bank failed to raise the funds needed for a full banking licence.
$4.7bn Prosus acquisition of India’s BillDesk falls through
The acquisition deal was originally announced back in August 2021.
Global PSP Worldline obtains 40% stake in Dutch Online Payment Platform
OPP founder and CEO between them own the remaining 60% of the company.
Societe Generale set to buy majority stake in PayXpert
Societe Generale aims to broaden payment offerings for European merchants through the acquisition.
UK SaaS platform Toqio nabs £17.2m in Series A funding
The funding also includes a £1.1 million grant from a Spanish public organisation for technology development.
Mobile payments service Paym to shutter in 2023
Pay.UK will wind down Paym after declining payment volumes and fewer signups over the past three years.
Tandem CEO Susie Aliker to step down, Alex Mollart to take over
Mollart is currently deputy CEO at the bank, having joined through the acquisition of Oplo.
Revolut can offer crypto asset services after FCA AML registration
Revolut, an authorised EMI since 2018, was added to the Financial Services Register on 26 September.
