Swedish fintech startup Tink raises €85 million to strengthen its position as Europe’s leading open banking platform
Tink, a pioneering open banking platform from Sweden just secured €85 million of additional funding, led by Eurazeo Growth. This brings the total investment in Tink during 2020 to €175 million (€90 million were raised in January of this year). Founded in 2012 in Stockholm, Tink already counts more than 350 employees and is currently serving its […]
Economic Crises Point to Accelerated Innovation for Banks, Covid-19 is no Different
No-one could have expected the unprecedented year that we have had, and the coronavirus pandemic has taken its toll on industries all over the world, including banking and financial services. Though the outlook on the economy is still uncertain as we navigate through this period, looking back shows that innovation is always rife during crises, […]
AliPay Leads The Way In COVID-19 FinTech – And It’s A Lesson For Other Platforms
Even before the coronavirus pandemic struck this year, the mobile payments market was on course to experience unprecedented growth. While the pandemic has dealt a serious blow to the global economy, it has given the digital payments market a boost as demand from consumers and businesses for a contact-free shopping experience has surged. Figures from Payvision suggest […]
Swedish challenger Rocker pilots biometric card
Swedish digital banking challenger Rocker is set to pilot the country’s first contactless fingerprint biometric debit card.The firm is working with augmented identification vendor Idemia to roll out the card early next year, enabling users to ditch their PINs for payments. Jonas Hultin, chief product officer, Rocker, says: “As a bank challenger, we are constantly […]
Fintech, regtech and the role of compliance 2021
The year 2020 has been a year of digital transformation and acceleration to meet the challenges of the COVID-19 pandemic. By necessity and by design firms have implemented the roll-out of technology, often at speed, to enable business activities to continue as countries went into lockdown. The applications that are covered by the term fintech […]
Fintech and the Software Testing Challenge
Software testing is regularly subject to trade-offs – that is, attempting to cover as much of a codebase as is possible given time and resource constraints. Sometimes known bugs slip through to release and go unfixed because they are deemed low-risk. Within fintech, even small bugs can have serious repercussions for a development team… and […]
Banks and Fintech Firms Must Work Cooperatively to Address Critical Issues like Cybersecurity, UBS CEO Recommends
Ralph Hamers, CEO at UBS Group AG (SWX: UBSG), a Swiss multinational investment bank and financial services company based in Switzerland with around $1 trillion in assets, has noted that innovation and collaboration haven’t really been the norm for many traditional financial institutions. Hamers, whose comments came during the Singapore Fintech Festival, stated that the need to […]
The Year in Review for Fintech
With 2020 in the rearview mirror, financial institutions of the world will be in a much more resilient position. The world has hit the online accelerator in 2020. Indeed, earlier this year Microsoft estimated that two years worth of digital transformation was compressed into just two months. Nowhere is this more acute than in the financial sector. […]
Amsterdam among top 20 global Fintech ecosystems; offers strong reasons for startups to invest in: Startup Genome report
The startup ecosystem keeps frequently changing with multiple ecosystems spread across multiple regions, which foster new and upcoming startups. To understand such ecosystems better, Startup Genome’s Global Ecosystem report 2020 is now available. The current report takes a deeper look at Fintech space to better understand the ever-changing landscape. It also lists the top Fintech […]
Innovating locally for a global impact in fintech
ING’s Olivier Guillaumond outlines the company’s philosophy of fostering local innovation in order to drive the global progression of financial services. In the current financial services industry, fostering innovation has arguably never been so crucial. The UK is beset by the dual threat of Brexit and COVID-19-related uncertainty, the latter of which is destabilising a […]
