Europe

The latest fintech news, resources and expert analysis from Europe by the leading intelligence provider for the worldwide fintech community.

Neobank FIBR launches to support European SMEs via local lenders

The BaaS firm aims to support post-pandemic growth through nurturing SMEs.

UK neobank Zopa raises $300m to fuel next phase of growth

The lending-focused challenger secured a UK banking licence last year.

Perfinal launches as new core banking vendor on the block in Europe

Hungary-based vendor promises to fully automate processes for clients.

Silver Lake to acquire 10% stake in Euroclear from ICE in $825m deal

The deal could be finalised by the middle of next year and is subject to regulatory approval.

Inclusive investment start-up Wealth8 partners WealthKernel to launch new app

Wealth8 to launch a new mobile investment app for black and multi-ethnic communities.

Swedish neobank Juni raises $52m in Series A extension to launch credit product

New product will give internet-first businesses access to short-term credit.

N26 raises $900m in new funding to reach $9bn valuation

German neobank’s value eclipses the market capitalisation of Germany’s second-largest bank.

Brazilian core banking firm Pismo lands $108m Series B from Amazon, SoftBank

Pismo plans to break into the US, Europe, and Asia in the coming years.

Lunar

Danish neobank Lunar acquires payments platform Paylike

Lunar founder and CEO Ken Villum Klausen says payments will be “at the forefront of our next growth phase”.

GPS secures $300m investment to boost product development and global expansion

New financing follows an undisclosed investment from Visa last year.

FCA staff seek independent union following pay dispute

Trade union Unite says its numbers have swelled following “growing disenchantment” from FCA staff.

Monese appoints Revolut and JP Morgan veterans to leadership roles

Steve Tryner joins as CFO and fintech veteran Stephen Chang joins as VP of operations.

CBI: Collaborative open finance ecosystems for a market success story

80% of the Italian banking market (around 300 PSPs) has adopted CBI Globe to meet the requirements of the PSD2.

UK contactless payment limit rises from £45 to £100

Some call for customer-set limits as contactless becomes more regular among users.

French fintech Swile lands $200m investment to drive Latin American expansion

Start-up also plans to release two new digital-led products.

Dear Luc: Why are people so divided about the £100 contactless limit?

The latest increase has been met with concern and confusion.

DNB Bank picks Fenergo to provide CLM solutions in multi-year project

Norwegian banking group plans revamp of currently manual processes.

Airbank picks Yapily to launch major bank API connections

Open banking infrastructure firm to help German cash management company connect users’ accounts.

Sibos 2021: BIAN releases upgraded digital core banking platform

The Coreless Bank platform is designed to help firms modernise their core banking infrastructure.

New UK fintech Finova launches following BEP Systems acquisition

BEP will make up part of new banking solution provider formed by Norland Capital.

Sibos 2021: CBDCs important to future of industry, says SocGen CEO

Speaking at Sibos 2021, Frédéric Oudéa says CBDCs “might be more efficient than, and might replace, cash”.

Société Générale to cut 3,700 jobs, combine IT systems in Credit du Nord merger

French banking group plans to have 30% of its retail products sold online by 2025.

Nord/LB picks Planixs’ Realiti to revamp treasury and liquidity management

German commercial bank says it analysed the “full solution market” before making its choice.

Bank of Ireland closes 88 branches as digital shuffle continues

The Irish lender first announced its cuts to physical locations in March.

VoxSmart acquires speech recognition platform GreenKey

Firm aims to bolster its communications surveillance offering for financial institutions.

Deutsche Börse plans digitisation for German capital markets

German exchanges operator aims for 80% of all securities to be digital by end of 2022.

Raiffeisen Digital Bank picks Mambu to launch mobile lending service

Users can request loans of up to €22,000 in a “fully digital” system.

NatWest acquires child banking start-up RoosterMoney

Acquisition underlines strategy to help young people learn to manage money.

Santander spins out Getnet Brazil with plans to form “merchant acquiring franchise”

Move will see Getnet brand expand internationally under bank’s PagoNxt fintech arm.

Darlington Building Society revamps onboarding with ieDigital solution

UK building society aims to switch up its front end as part of ongoing transformation.

NatWest pleads guilty to £365m money laundering failure

UK bank faces rare criminal proceedings in December.

Digital wallet OneFor partners Moorwand to launch European remittance service

The partnership will boost financial inclusion for the bloc’s diaspora communities.

New UK banking hopeful Tryllian targeting 150m member figure

New bank is applying for an electronic money licence in the UK.

Curve reports widening operating losses despite revenue growth in 2020

The banking platform suffered from the high costs of doing business during the pandemic.

Software firm Sage acquires fintech start-up GoProposal

Acquisition will support accountancy practices through ongoing UK tax digitisation strategy.

Regulate or ban: EU’s proposed AI credit scoring framework hears feedback

The EU has been receiving recommendations on its proposed Artificial Intelligence Act.

Cross-border payments fintech TransferGo lands $50m Series C funding

The London-based fintech has ambitions to go public within the next five years.

Surfboard Payments launches Surfpay to turn smartphones into payment terminals

Swedish payments company aims to help small businesses transact easier.

NatWest chair warns against “gambling” with cryptocurrency

Sir Howard Davies says the “damned stuff” should be banned.

N26 pays €4.25m fine for money laundering failures

German digital bank hit with fine by country’s financial regulator.

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