Top five tips as your fintech company explores European expansion
US fintech companies recognise the potential buying power of the European Union’s 550 million people.
Europe
Innovate Finance CEO Crosswell steps down
Head of industry body to be replaced by COO Janine Hirt.
Moneycorp continues exec shake-up with new ex-Vocalink vice chairman
Yates previously headed up Vocalink, the fintech Mastercard bought in 2017.
German challenger pockid targeting Gen Z launches this month
Users can either sign up to Neo Beginner, or Neo Pro.
Minna Technologies recruits Tiama Hanson-Drury as new product officer
Hanson-Drury joins the Minna team from Dynata.
EML Payments acquires open banking brand Nuapay in €110m deal
Nuapay owner Sentenial snapped up by prepaid cards firm EML.
Tide signs deal with RBL Bank to underpin Indian expansion
The UK firm is seeking 25,000 new customers in the country.
France’s central bank warns fintech industry of rules when using term “neobank”
The industry has long called out the interchangeable use of the word “neobank”.
Swiss neobank Alpian lands $18m Series B ahead of 2021 launch
The raise comes less than a year after its Series A.
Octobank acquires Earlybase to boost sales and marketing in Europe
Czeczia-based neobank makes strategic buy.
IDS to acquire White Clarke Group in multi-asset class merger deal
The combined firm will serve more than 300 companies.
UK fintech TrueLayer lands $70m Series D led by NY investor Addition
TrueLayer claims payment volumes have grown by 600 times in the last 12 months.
La Banque Postale picks Ebury for international SME transfers
French postal bank aims to expand abroad for SME customers.
Two UK towns to open all-in-one Banking Hubs pilot stores
The towns are two of nine across the UK to get one.
Santander International to deploy cloud-based Temenos system
Isle of Man and Jersey users switching over to Temenos platform.
Tandem Bank goes live on Mambu core platform
Tandem replaces Fiserv’s Agiliti with Mambu’s system.
UK energy provider Octopus launches Moneycoach
It intends to invest £10 million into Moneycoach to scale the offering.
Ikano Bank picks TruNarrative to sit at regulatory centre of digital change
Swedish bank selects UK regtech firm to collate AML programmes.
CaixaBank may cut up to 8,000 jobs after Bankia merger
The bank will start negotiations with labour unions just after Easter.
Lessons learned from launching in a pandemic
The speed at which we’ve learned to respond to the market and grow as a business is invaluable.
Triggers and obstacles to the development of the fintech sector in Poland
A deep dive on the benefits and challenges of the banking and payments landscape in Poland.
Penta co-founder gearing up new venture Relio for Swiss SMEs
Relio is currently in the swings of applying for a fintech licence.
Paysafe goes public via Spac merger
Shares of Foley Trasimene Acquisition Corp. II moved 5.77% higher Monday to $15.39.
Santander launches Prosper open banking-powered PFM app
Roll-out of Prosper has already started in Denmark.
Leek United Building Society extends Sopra partnership
Building society to shift its Sopra system to the cloud.
Dear Luc: What marketing pitfalls should I avoid?
Some fintechs are getting caught out by the regulators when using terms like “banking”.
Tide thinks bank data fees could speed up the UK’s open banking adoption
The sector has long felt divided over the progress of open banking adoption.
Revolut withholds $90,000 from investment manager with “no real response” for months
An investment manager’s battle to receive his $90,000.
UiPath files for IPO weeks after landing $35bn valuation
The fintech estimates a $60 billion addressable market for RPA.
UK gold wallet Glint goes crowdfunding with £6m “hard cap”
The start-up is raising to fuel its “growth phase”.
Broadridge to acquire capital markets firm Itiviti in $2.5bn deal
Broadridge continues its M&A strategy apace.
Taking charge and reducing charges
A major feature of Open Banking is relatively underused – Payment Initiation Services.
NumberX plans Mastercard for multi-account payments
New linked card service to launch in Germany.
Commerzbank signs five-year Google Cloud deal to migrate banking apps
“Google will now offer the bank a deeper set of platform services”.
Minna Technologies powers subscription services at Banco Sabadell and ING
Two European banks launch new digital products with the Swedish fintech.
Does the key to financial inclusion sit in a digital money savings pot?
Fintechs should be looking to develop products that promote healthy and sustainable financial habits.
Fintech funding deals globally 22-28 March 2021
Featuring Dataminr, Blockchain, Feedzai, Jumio, and Pie Insurance.
Webinar: Preparing for open finance – the next step in the open banking journey
How to successfully position your firm in this new era of innovation.
Spac led by ex-Commerzbank CEO trading on Amsterdam’s Euronext
The blank-check firm has already sold 41.5 million shares at €10 each.
PPRO boosts unicorn round up to $270m with JP Morgan
PPRO says it doubled its transaction volumes over 2020.
