Santander acquires Wirecard’s assets for tech expansion
Banco Santander has released a statement confirming its acquisition of tech assets from insolvent payment processor Wirecard. Although not confirmed in the company’s official document, other sources report the total figure exchange as being €100m. Wirecard, which declared insolvency earlier in the year following revelations that it had misplaced over US$2.3bn in funds, was formerly renowned for its technology’s widespread usage […]
5 French FinTechs transforming the financial sector
Over the last few years, the Fintech industry has known a real economic boom in France. According to Statista, digital payments have become increasingly mainstream in France, as more and more users are taking advantage of the conveniences of this type of payment. Mobile payments, credit cards and other types of digital payment methods represent […]
Why it’s natural for fintech innovations to slow down
Currently, fintech is one of the most emerging industries all over the world. More and more companies are launched every day using technologies to provide financial services to people involved in the business sector. In fact, fintech is all around us nowadays as everything we do online may be part of the industry without us […]
4 U.S. based FinTech companies transforming small business lending
Small businesses are the backbone of the U.S. economy and remain essential to the country’s economic growth and employment. According to the Small Business Administration (SBA), 99.7% of all U.S. private-sector employers are small businesses, and nearly 7 out of 10 American jobs are at a small business. With this scale, it’s easy to understand […]
Bunq brings Google Pay to the Netherlands and Portugal
The Dutch neobank, founded in 2012, has become the first provider to offer Google Pay support in its home country, as well as in Portugal. Google Pay is a safe and easy way to pay contactless with your NFC-equipped Android phone in physical retail locations or online. It creates encrypted virtual cards that are securely stored on your […]
Railsbank raises $37m
Banking-as-a-Service platform Railsbank has raised $37 million in a funding round led by MiddleGame Ventures and Ventura Capital. Anthos Capital, Global Brains, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr joined the round, the proceeds of which will be used to fuel London-based Railsbank’s geographic and product expansion. The most immediate target is the […]
How Fintech Is Tackling Access, Infrastructure: ‘You Have To Keep Innovating’
The financial services industry needs to address the 1.6 billion people without stable access to the sector, Basil Moftah, general partner at Global Ventures, said Tuesday at the Benzinga Global Fintech Awards. “How do you bring them into the digital world with all the benefits that many of us have gotten used to?” he said during a discussion […]
Alternative financing is a lifeline for SMEs under lockdown
As the UK enters another lockdown, businesses around the country – especially small companies – are fighting for their survival. While COVID-19 rages, SME lending in the UK has tanked and liquidity has plummeted by 80% since the pandemic began. Government-led schemes including tax deferrals and government-backed loans have helped SMEs stay alive (some continuing […]
Fintech Startup Payer Launches Beta Test Program To Revolutionize Customer Registration In B2B E-Commerce
Payer Financial Services (Payer) has developed a new registration product that revolutionizes how customer relationships are made between companies online. The product enables e-commerce merchants to verify new customers as trustworthy so they can make their purchases with ease. Today, Payer launches a beta test program with several B2B merchants. The Swedish B2B payments startup Payer is […]
Britain’s fintech industry braces for a no-deal Brexit as transition deadline looms
LONDON — Financial technology start-ups in the U.K. are quietly rushing to get Brexit contingency plans in place as the prospect of crashing out of the European Union without a trade deal looks increasingly likely. Britain and the EU are yet to come up with a trade agreement ahead of a Dec. 31 deadline. The […]
