Buy now and pay later (BNPL) start-up, Scalapay, today announced that it has raised $155 million in equity funding as part of its Series A investment round – „the largest round ever raised in Europe” according to Finextra. The latest funding round brings the total amount raised by the firm to $203M in the two years since its launch. It’s already been a big week for BNPL — Revolut announced it was dipping […]
GPay app is now finally available in Play Store in 9 more EU markets: Austria, Belgium, Estonia, Greece, Hungary, Latvia, Lithuania, Portugal and Romania! „It means you can now easily switch between payment methods, add loyalty cards, boarding passes, event tickets and many more objects directly to your phone!,” says Mikhail Strunkin, EMEA Strategic Partner Development Manager, GPay at Google. „And of course now you can have full experience with GPay on […]
Mastercard today announced it has entered into an agreement to acquire Aiia, an European open banking technology provider offering a direct connection to banks through a single API, allowing its customers to develop and launch new digital solutions that meet the needs of everyday life, work and play.. Aiia is a licensed Payment Initiation Service Provider (PISP) and Account Information Service Provider (AISP) and operates under the supervision of the Danish Financial Supervisory Authority […]
Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks. System aims to allow direct transactions between institutions, reducing costs and increasing speed. The Bank for International Settlements Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank will join forces to test the use of central bank digital currencies (CBDCs) […]
The FITFH edition of Banking 4.0 – The International Conference dedicated to emerging technologies and new business models in the financial services industry will take place on 25 – 26 November 2021. For two days, Bucharest will become the capital of fintech-banking industry in the Southeastern Europe region. The event will attract close to 500 attendees at an expert level from over 15 countries. The organizers expect around 150 entities to attend: […]
With the wide use of smartphones, fingerprint authentication is becoming more present in consumer lives around the world. 81% of global consumers are ready to use their fingerprint instead of a PIN code when paying in-store, according to a survey commissioned by Idemia. “As biometric usage spreads across the planet and consumers continue to warm to the idea of streamlined, hassle free — yet totally secure — authentication, use cases will proliferate,” […]
CEC Bank’s Mobile Banking app allows payment initiation from accounts opened at other banks. CEC Bank moves to the next level in open-banking and launches initiation of payments from accounts at other banks through its Mobile Banking application. „CEC Bank is the first bank in Romania to allow the initiation of payments through Open-Banking. In a first phase the service being available for customers with accounts at Banca Transilvania, Raiffeisen […]
Arturo Gonzales Mac Dowell will deliver the keynote speech in the opening of the NOCASH Gala, themed “Embedded finance & the future of banking”. Arturo is the President & CEO of Eurobits Technologies – „the dean of open banking in Europe” as he likes to describe his company. In 2004, as general manager, he was assigned the responsibility of launching and managing Eurobits Technologies*. Arturo is a fintech banking expert […]
Visa today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8 billion Euros, inclusive of cash and retention incentives, to acquire Tink. Through a single API, Tink allows its customers […]
Smart Fintech launches SmartPay, the first alternative payment solution through Open Banking authorized by NBR in Romania. The fintech aims to execute in 2021 a number of several thousand payments per month through the SmartPay solution and expects the Open Banking competition to start in Romania. The new Open Banking system brings significant changes to the traditional financial market. At the European level, the demand for Open Banking services is […]