Sharing with you relevant and exciting utilization of a number of innovative technologies, be it disruptive or sustaining to the existing financial services industry.
This week we look into the new digital finance package announced by the European Commission, the Revolut saga and the emerging concern over digital banks’ service standards, the new Chime’s $14.5 billion valuation, the fundamentals behind Klarna’s valuation, and much more.
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Being repaid the £150,000 in dollars and euros that he had lent to a relative 10 years ago should have been good news for Richard Walker. Instead, it was the beginning of an eight-week nightmare this summer, when he was unable to find out why the money had not arrived in his account.
Open banking platform Tink is continuing its expansion across Europe with the acquisition of the aggregation platform of OpenWrks, a leading UK-based provider of open banking applications. This move comes after Tinks also acquired, in March 2020, Madrid-based Eurobits, a leading provider of account aggregation services.
Greenlight Financial Technology, the fintech company that pitches parents on kid-friendly bank accounts, has raised $215 million in a new round of funding. The round gives the Atlanta-based startup a $1.2 billion valuation thanks to backing from Canapi Ventures, TTV Capital, BOND, DST Global, Goodwater
Chip, the automatic saving app offering access to market-leading returns, has raised a total of €11.5 million from the crowd and the government-backed Future Fund, as part of the company’s series A round.
Exchange group Nasdaq said on Wednesday that it is launching AI technology to help retail and commercial banks automate anti-money laundering(AML) investigations, as it expands into the financial crime software market.
Alessandro Ravanetti- Freelance content writer and copywriter. Working in the fintech industry since 2011, I built and managed digital companies with distributed teams and international partners, gaining experience with both startups and large corporations. I am an independent expert with the European Commission, FundingBox and the Eureka Network, and an advisory board member of SXSW. email@example.com
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