Ecommpay To Boost Italian E-Commerce With Three New Local Payment Options
Weekly news up to Tuesday, 3rd of September 2024
👀 NEWS HIGHLIGHT
Nium, the global leader in real-time cross-border payments, is expanding its operational hub in Vilnius through new hires and a new office facility that will better serve its growing customer base across Europe. This includes:
Hiring 18 new full-time employees in Lithuania, representing 100% headcount growth over the last 8 months
Moving to a new state-of the art office in Vilnius to support employees and collaboration among the local FinTech community
Appointing a new Chairman of the Board to oversee further investment in Nium’s local operations and offering to customers in the EU
Over the last seven years, Nium has steadily grown its presence in Lithuania following the approval of its Electronic Money Institution (EMI) license by the Bank of Lithuania in 2017. The license has enabled the fintech to better serve its European and global business customers with entities in the EU.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ Ecommpay to Boost Italian E-Commerce with Three New Local Payment Options.
⭐️ Nasdaq unit reaches $22M settlement with CFTC over supervision failures.
⭐️ FinTech Unicorn Mollie Sees Triple-Digit UK Growth, Welcomes New UK Managing Director.
⭐️ Experian and Paylink Solutions partner to launch debt consolidation solution.
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FINTECH
Conotoxia adds multi-currency cards for businesses to its offer. Companies can order multi-currency cards, which can be used to pay in more than 160 currencies worldwide and make payments in 23 without currency conversion.
Webull UK, a digital investment platform, has announced the launch of options trading for its users. This new feature is designed for sophisticated, active traders who seek to profit from fluctuations in share prices while managing risk.
Freetrade chose Sharegain to launch securities lending to retail clients in the UK. Freetrade launched its securities lending program with no upfront costs and no additional headcount. Sharegain’s technology solution enables clients to launch programs that comply with the relevant regulatory requirements, including CASS and SFTR.
Lemon and Wiserfunding partner to accelerate lending decisions for SMBs. Through this partnership, Lemon will integrate WiserFunding’s advanced data analytics into its platform, enabling the pre-screening of prospective borrowers.
Australian-owned FinTech company HALO to establish Glasgow base. The project is expected to cost in the region of £8 million and is being supported by £800,000 of grant funding as a contribution from Scottish Enterprise.
Swedish investment platform SAVR speeds up payments on its cutting-edge investment platform with Brite Payments. With Brite Instant Payments, SAVR’s customers can authenticate larger transfers using BankID, reducing manual data entry and speeding up payment completion.
PAYMENTS
Adyen announced a global partnership with Swedish home furnishing business IKEA. The new partnership with Adyen will allow IKEA to connect the dots between in-store and digital sales channels and offer better payment and loyalty experiences for customers.
Teya introduces Tap to Pay. The product, Teya Tap, allows business owners to accept payments directly with their Android phones, removing dependencies on physical card machines. It can be a cost-effective alternative to traditional card machines for business owners who trade on the go.
REGTECH
Milan-based Cleafy has officially launched its UK entity, marking a significant milestone in its global mission to combat digital banking fraud. Renowned for its AI-driven innovation and detection of critical banking threats, Cleafy has secured billions of transactions for over 100M accounts at leading financial institutions worldwide.