Martins Sulte founded Mintos in 2015, a platform which is leading the way in the EU; they focus largely on...
Banca Passadore & C., an independent bank serving private and business customers since 1888, makes available PassadorePay international debit cards created in collaboration with Nexi, Europe's leading PayTech in the digital payments sector.
Tot, an Italian fintech startup serving freelancers and micro-enterprises, has finalised a €2 million seed founding round from Banca Sella ahead of market entry in early 2022.
The Portuguese bank announced it will invest in notes issued by CrossLend; CrossLend is a European marketplace lending platform that operates across many European countries; Banco BNI Europa views the investment as a diversification play. Source
Creditshelf is a German marketplace focused on SME financing and they just received a $17.7 million infusion from Banco BNI Europea; the bank will initially invest in the existing loan portfolio then increase that by $2.4 million a month; Pedro Coelho, executive chairman of BNI Europa, stated, "With the Creditshelf team, we have identified a highly professional partner, whose credit analysis process has proven totally convincing to us."; Creditshelf's managing director, Dr. Daniel Bartsch, explained, "We are delighted at finding another institutional investor for our platform, who is totally persuaded by the attractive risk-return profile of our product." Source
According to a new survey by Which? 14 percent of UK consumers found it impossible to use their card at...
Spanish banks have been focusing on going digital to help keep ahead of competition; banks like Santander and BBVA have improved their mobile app access and started innovation teams to invest or partner with fintech companies; they have also changed their culture to better resemble a startup and have started talent competitions; while the banks have had their share of issues the digital focus can help to drive down costs and keep the banks ahead of the curve. Source.
Since the financial crisis mergers and acquisitions by banks has reduced substantially. This has been a global trend that may...
Bank North, the UK's first truly regional business bank of the modern era, has appointed Louise Halliwell as Head of Savings
The Bank of England's Financial Policy Committee discussed concerns over consumer credit defaults in its recently released minutes; credit card, bank loan and car loan borrowing has increased and the Bank is also concerned about prolonged interest free offers and eased underwriting standards; stress testing has revealed potential losses for banks of 18.5 billion British pounds ($23 billion) on their consumer credit loans and 11.8 billion British pounds ($15 billion) on their mortgage loans; as the Bank monitors consumer lending, it is likely new constraints will be required to manage risks in the new economic environment. Source