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Ramify, the innovative wealth management and financial advisory platform, announces a €11 million Series A funding round. The round was led by 13books Capital, with participation from Fidelity International Strategic Ventures and existing investors Newfund, AG2R, Crédit Agricole and business angels. Funding will enable Ramify to accelerate its development and become the go-to investment solution…
IDVerse, a renowned digital ID verification company, has partnered with AWS Marketplace to offer its cutting-edge identity verification solution to AWS customers. Leveraging AWS Lambda for scalable, cost-efficient, and event-driven execution, IDVerse seamlessly integrates with various AWS services, ensuring robust security and reliability. IDVerse leads the way in training deep neural network systems through generative…
Tink, a leading platform for payment services and data enrichment, and Adyen, a global fintech platform of choice for large enterprises, announce the launch of Pay by Bank (instant payments) in France. Pay by Bank is now available for Adyen merchants in the French market. Pay by Bank is an integrated payment method based on…
Revolut is introducing the option to buy and sell corporate and government bonds for users across Europe. Offered through Revolut Securities Europe, this new service lets users invest in bonds in the European Economic Area with a minimum investment of €100 or $100 and a fixed fee of 0.25% per trade. According to Fintech GTN,…
Surecomp® today announced that leading trade finance bank DZ BANK AG, has taken the next step in its ambitious plans to use the collaborative trade finance platform RIVO™ to further enhance its digital customer service delivery. The strategic decision to adopt RIVO™ is testament to the bank’s digital-first commitment to delivering superior customer experience based on secure…
by Chris Michael, CEO and Co-founder, Ozone API It’s taken a global effort to reach the point the open banking and finance sector is now at – and yet no two countries have taken the same approach. The UK stands out as one of the sector’s formative players for launching the first regulated open banking standards…
Nexi, Europe’s leading PayTech, and Engineering Group, a global leader in digitalizing processes for businesses and governments, have announced a strategic partnership to create NOVA, an advanced digital banking platform. This innovative platform is designed for various business segments, from SMEs to Large Corporates, boasting a configurable service portfolio and a modular, natively open, and…
Lucinity has launched a groundbreaking generative AI copilot plugin at Money2020 Europe, offering immediate ROI for financial institutions. This system-agnostic plugin acts as a central copilot compatible with all web-based enterprise applications, pulling data from Customer Relationship Management (CRM) systems, case management systems, third-party vendors, and Excel documents. The new plugin enhances Lucinity’s AI copilot, ‘Luci,’ launched last year…
Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack. Mastercard’s global network and innovative digital solutions, paired with Thought Machine’s next-generation core…
Shift4, a leader in integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, a major European supplier of point-of-sale (POS) systems for the restaurant and hospitality sectors. Vectron, based in Germany, operates around 65,000 POS locations across Europe, representing approximately €25 billion in volume potential with minimal current payment monetization….
The Centre for Finance, Innovation and Technology (CFIT) has announced the formation of a new industry coalition to combat economic crime through enhanced verification. The coalition will unite experts from various sectors, including finance, technology, policy, and academia, to develop solutions for detecting fraud, protecting SMEs, and strengthening defenses against crimes such as Authorised Push…
FlowBank, an online Swiss bank known for offering customers exposure to cryptocurrencies, has been shut down and placed into bankruptcy by Switzerland’s financial regulator. The Swiss Financial Market Supervisory Authority (FINMA) announced its decision on Thursday, stating that FlowBank “no longer had sufficient capital for its operations as a bank” and had “significantly and seriously…
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