Nocashevents Klarna announces $460M equity raise. The company is now the largest private fintech in Europe.

Klarna announces $460M equity raise. The company is now the largest private fintech in Europe.

Klarna, the leading global disruptor of payments and banking, and provider of smoooth retail services, announced it has raised $460 million in an equity funding round, at a post money valuation of $5.5 billion. This investment follows a funding round in April of this year that closed above the company’s $100 million target. This new valuation ranks Klarna as the largest private fintech in Europe and as one of the largest private […]

Nocashevents Salt Edge integrates with 400+ open banking APIs. The global fintech company is coming to Banking 4.0

Salt Edge integrates with 400+ open banking APIs. The global fintech company is coming to Banking 4.0

As more and more banks open their APIs before the September 14 deadline, Salt Edge has added another one hundred to the list of its connected open banking APIs in the EU, making it 400+ integrations. Gaining more speed along the open banking trajectory, just in the last two weeks Salt Edge has added a hundred more APIs and after the big number of 300+ in August has already integrated with 400+ […]

Nocashevents First six international experts, from six different countries, confirmed their presence at Banking 4.0 – International Fintech Conference

First six international experts, from six different countries, confirmed their presence at Banking 4.0 – International Fintech Conference

Almost three months before the start of the international fintech conference – Banking 4.0, NOCASH presents the list of the first experts from abroad who have confirmed the participation to the event. In the selection of speakers, the organizers sought to cover all areas of interest when analysing the topic of open banking: from regulatory authorities and associations representing segments of the financial services industry, banks, fintechs, IT companies, TechFin […]

Nocashevents Monetary Authority of Singapore opened up applications for new digital banks. Applicants that shows a loss-making trend will not qualify.

Monetary Authority of Singapore opened up applications for new digital banks. Applicants that shows a loss-making trend will not qualify.

. The new digital bank licences will be extended to non-bank players. . Applicants for the digital full bank licence must additionally be anchored in Singapore, controlled by Singaporeans and headquartered in Singapore. . Interested parties have until 31 December 2019 to submit their applications. The Monetary Authority of Singapore (MAS) expects to announce the successful applicants in mid-2020. Successful applicants will be expected to commence business by mid-2021. SINGAPORE’S […]

Nocashevents Open banking in numbers – insights and data from 270 European bankers. „Compliance alone is a losing strategy.”

Open banking in numbers – insights and data from 270 European bankers. „Compliance alone is a losing strategy.”

Tink’s key findings and insights from their European survey of nearly 270 financial executives. Learn what they see as the threats, opportunities and challenges this open banking movement presents – and what it means for the industry in 2019 and beyond. In May 2019, Tink surveyed financial executives in the following 17 European countries: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Italy, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Spain, Sweden, […]

Nocashevents EBA says banks need to increase the quality of their PDS2 APIs

EBA says banks need to increase the quality of their PDS2 APIs

This is the second piece in an ongoing series called Tink Thinks: Inside the EBA, where Tink’s experts explain and comment on the business of the European Banking Authority’s (EBA) PSD2 API working group, which is helping to ease the implementation process ahead of the September deadline. The series Tink Thinks: Inside the EBA is part of a broader public policy effort at Tink to advocate for third-party providers (TPPs), so that […]

Nocashevents Financial institutions cautiously optimistic about Open Banking opportunity – research

Financial institutions cautiously optimistic about Open Banking opportunity – research

New research published by Open Banking platform Tink has revealed that European financial institutions still have significant concerns about Open Banking impact, according to thepaypers.com.Two fifths (39%) see Open Banking regulation as the biggest current threat to their business model and 56% fear that consumer loyalty towards banks will be reduced as a result of Open Banking. Nevertheless, the report – based on a survey of 269 senior decision makers in […]

Nocashevents Economist Intelligence Unit survey: fintech-bank collaboration in sandboxes will become mainstream by 2025

Economist Intelligence Unit survey: fintech-bank collaboration in sandboxes will become mainstream by 2025

Over the last decade, the banking landscape has been irrevocably changed. Digital disruptors, new technologies, new regulations and increasing customer demands mean banks have had to adjust their business models to deal with these new market challenges. Between January and March 2019, 405 global retail banking executives were surveyed by The Economist Intelligence Unit on behalf of Temenos. They were asked about the changes taking place in their industry to […]

Nocashevents PSD2 and Open Banking, a year on: „very few of the banks make good use of the new technology; there’s very little that can be shown”

PSD2 and Open Banking, a year on: „very few of the banks make good use of the new technology; there’s very little that can be shown”

Last weekend marks a year since the launch of open banking, a government-backed initiative that introduced a secure way for consumers to give financial providers the ability to access their financial information, according to Financial Times. The rules require (UK) banks to share their current account holder data through an integration technology called application programming interfaces (API). These APIs can then be used — with the customers’ permission — by third parties, […]