Some of the £775 million bounty that is the Royal Bank of Scotland (RBS) competition fund is being handed out...
Mastercard announced it has completed its acquisition of Aiia, a Danish open banking technology provider for an undisclosed sum.
Full article was published in Helsinki Fintech Guide 2021. According to Pia Santavirta, Managing Director of the Finnish Ventur
UK based Tandem Bank has acquired financial management app Pariti; the app has more than 95,000 users that will now be transferred to Tandem Bank; Pariti users will still be able to access their accounts through the Tandem app. Source.
LandlordInvest has launched the UK's first secured property P2P lending innovative finance individual savings account (IFISA); the firm offers 5% to 12% returns on its loans and investors can now invest tax free with the IFISA; platform investments include bridge loans and term loans for buy-to-rent landlords; most of the firm's loans are for amounts ranging from 30,000 British pounds ($37,895) to 750,000 British pounds ($947,363) with a payoff term of five years; process for offering the IFISA took less than two months with approval obtained by HM Revenue and Customs shortly after the firm's Financial Conduct Authority approval in December. Source
This sudden surge comes just as NFT innovators are beginning to reimagine what it means to engage in online collection or digital ownership.
Passporting could increase fintech competitiveness across Europe as the UK prepares to leave the European Union; passporting would lower regulatory requirements for fintech firms in the European Union allowing them to operate more freely across Europe; it would also create greater incentive for firms to move their business to the European Union and away from London; the European Commission has launched a three month consultation period on passporting and new legislations for fintechs which will be followed with legislative proposals; on Thursday, March 23 the European Commission also published a plan for European Union financial services companies that will focus on reducing costs and increasing consumer protection. Source
The Block subsidiary’s alternative ditches Web 3 and places bitcoin at the forefront. But there is no official release date, as yet.
In the Netherlands, BNPL company In3 has been a part of this growth and is now set to expand into other markets.
The percentage of European neobanks currently offering investment products is 44% according to a research article Investments...