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Tag: FinTech

Nuri became the first German fintech company to file for bankruptcy

Nuri became the first German fintech company to file for bankruptcy Nuri became the first German fintech company to file for bankruptcy

Nuri today became the first German fintech company to file for bankruptcy, mainly due to the downturn in the cryptocurrency market. Nuri tried to save itself with a last round of funding, but failed to secure new investors or sell itself, and just hours ago declared bankruptcy. In the wake of the coronavirus pandemic and […]

Banks: Cooperation with the FinTech ecosystem in the context of digital transformation

Banks: Cooperation with the FinTech ecosystem in the context of digital transformation Banks: Cooperation with the FinTech ecosystem in the context of digital transformation

The field of new innovative financial technologies and the activity of start-ups (finTech) is at the heart of the strategy of the banks that closely follow the developments in the field and make significant investments for their digital transformation that is in full swing. As systemic banking executives have pointed out, the domestic banking system […]

G. Stournaras: In the era of digital transformation, open data acquires special importance

G. Stournaras: In the era of digital transformation, open data acquires special importance G. Stournaras: In the era of digital transformation, open data acquires special importance

The opening speech at the Open Data Internet Day “Fintech Open Banking Technologies – Open Banking Protocols” was given by the Governor of the Bank of Greece Giannis Stournaras. Mr. Stournaras specifically referred to the importance of open data in the era of digital transformation, but also to the Open Data Portal which has been […]

KPMG: Investments in Fintech exceeded $ 210 billion last year

KPMG: Investments in Fintech exceeded $ 210 billion last year KPMG: Investments in Fintech exceeded $ 210 billion last year

According to KPMG’s Pulse of Fintech Semi-Annual Report for the Second Half of 2021 on Fintech Global Investment Trends – Fintech total global funding through M&A, PE and VC reached US $ 210 billion through a a record 5,684 deals in 2021. Fintech funding in the second half of 2021 was US $ 101 billion […]

Competition Commission: At the end of 2022 the final report on Financial Technologies

Competition Commission: At the end of 2022 the final report on Financial Technologies Competition Commission: At the end of 2022 the final report on Financial Technologies

The Competition Commission invites interested parties to express their views and comments on the Sectoral Research in Financial Technologies, with the aim of publishing the final report at the end of 2022, after processing all the views. As the Commission states in a relevant announcement, following the publication of the Interim Report on sectoral research […]

FinTech: Competition Commission interim report – Launch of public consultation

FinTech: Competition Commission interim report – Launch of public consultation Competition Commission: At the end of 2022 the final report on Financial Technologies

The Competition Commission (EC) has published today, Wednesday 22 December, the Interim Report on its research in financial technologies (FinTech), the text of which can be found here. The executive summary of the Interim Report is also available here. The term “FinTech” is used to describe the application of technological innovation to financial services from […]

The fintech bank TBI Bank enters the Greek market

The fintech bank TBI Bank enters the Greek market The fintech bank TBI Bank enters the Greek market

TBI Bank, which leads in inclusive banking and its “Buy now, Pay later, BNPL” market, is also coming to the Greek banking market, with a license from the Bank of Greece. TBI Bank is one of the fastest growing banks in Southeast Europe, with a strong presence in Bulgaria and Romania. Over the last 20 […]

N26 customers feel ‘betrayed’ by German digital bank for leaving UK

N26 customers feel ‘betrayed’ by German digital bank for leaving UK

N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Customers of the German online bank N26 say they feel “outraged” and “betrayed” by the firm’s decision to leave the U.K. Berlin-based N26 announced last week that it would no longer be able to operate in the country […]

Payments giant Worldline to buy rival Ingenico amid fintech threat

Payments giant Worldline to buy rival Ingenico amid fintech threat

Two European giants in the payments space are set to combine to create the industry’s fourth-largest player. France’s Worldline said it would buy domestic rival Ingenico in a deal consisting of 81% stock and 19% cash. The transaction gives Ingenico an implied equity value of 7.8 billion euros ($8.6 billion), Worldline said in a statement, […]