TAS acquires fellow Italian software provider Mitobit
The acquisition is the fourth for TAS Group since July 2022.
The latest fintech news, resources and expert analysis in Italy by the leading intelligence provider for the worldwide fintech community.
The acquisition is the fourth for TAS Group since July 2022.
Wealthtech and banking technology provider Objectway sets out its strategy.
The €55.5 million is set to be paid over 2023-2026 with a potential additional €4.5 million between 2024-2032.
This is the second agreement between the two firms, following the €1 billion funding facilitated in 2021.
BNP Paribas Cash Management will deploy Worldline’s Account Validation solution.
Intesa Sanpaolo will utilise the IBM z16 platform to bolster its cybersecurity operations.
The all-cash deal worth €280 million values the business at €350 million.
Arvest claims it is the first US bank to offer lending capabilities on Thought Machine’s core.
Nexi will utilise the tech giant’s IBM z16 and IBM Storage System offerings.
The biometric card is being issued by Sella on the Visa scheme, developed in partnership with Idemia.
With the partnership, Worldline aims to leverage Banco Desio’s network to expand its presence in Italy.
A handy round-up of the recent funding endeavours of fintech companies across Europe.
It aims to use the new funds to boost growth and support international expansion.
Hassan Suffyan joins from Ernst & Young UK.
Acquisition reflects TAS’ “acceleration in non-organic growth” driven by largest shareholder Rivean Capital.
Quartermaine joins from ACI, where he was director of merchant retail for Europe.
The strategic partnership will see the pair work together to “digitise the European payments space”.
The Series D equity raise, led by Exor, represents Europe’s largest proptech financing to date, Casavo says.
The move has been a strategic decision made in response to multiple factors including Brexit.
Nexi is selling its tech businesses that are powering MTS and Euronext Securities Milan to Euronext.
Nets is part of European paytech conglomerate Nexi Group, which will own 100% of orderbird.
The partnership will enable Beewise users to connect their existing bank accounts securely to the new app.
Scalapay has now raised $727 million in total funding to date.
The round saw participation from Teachers’ Venture Growth, Index Ventures, Valar Ventures, Creandum and Redalpine.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
N26 says it takes money laundering “very seriously” and has been scaling up its global AML efforts since last year.
Milan-based Tot plans to onboard 50,000 domestic customers within three years and then look abroad.
Scalapay has also launched a checkout experience platform for e-commerce called Magic.
Thought Machine’s Vault system will underpin Intesa Sanpaolo’s new digital banking service, Isybank.
The new digital bank will cater to the 4 million Intesa Sanpaolo customers already utilising digital-first services.
Also, M&G use Moneyfarm’s technology to create its own branded proposition.
The bumper funding round takes the start-up’s valuation to €4.4 billion.
The fintech intends to hire 400 new employees across Europe in 2022.
80% of the Italian banking market (around 300 PSPs) has adopted CBI Globe to meet the requirements of the PSD2.
“The payment card market is undergoing a huge transformation,” says BNP’s head of cards.
The European multinationals will utilise open banking platform Fabrick.
80% of the Italian banking market (around 300 PSPs) has adopted CBI Globe to meet the requirements of the PSD2.
Cloud-based solution to expand digital transaction banking services.
European payments firm seeks greater foothold in core markets.
The Yolt app has more than 1.6 million downloads.