REPORT
Real-Time Payments (RTPs) are not just financial tools; they're the foundation of today's global economic unity and the future's interconnected commerce.
Discover the fascinating journey of RTPs across the globe through NORBr unique Notion page.
Explore the key takeaways.
👀 NEWS HIGHLIGHT
Using Mangopay’s modular technology, Effy has created new and simplified digital payment flows to meet the specific needs of its platform, including the ability to manage invoicing, deposits and bill payments in a quick and secure way.
📊 INFOGRAPHIC
Mastercard 🆚 Visa: The Battle Of The Payment Networks
📰 ARTICLE
Here are some of the biggest fintech funding rounds from Europe over the last year, with a bonus VC firm feature when you get to the end.
💬 INTERVIEW
Siemiatkowski spoke to the AP about how popular buy now, pay later has gotten since the pandemic, why consumers are choosing it and how the company is using artificial intelligence software in how it hires.
💡INSIGHTS
“Revolut filed accounts for the Revolut Trading and Revolut Travel subsidiaries.
BDO are awake and alive - so there is a chance we get full group holding accounts by the EOY.
Revolut Trading had 1.75m customers at the end of '22 holding £1.2bn.
AUA 22% UK vs 78% EEA.”
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ iDEAL leads the way in dutch E-Commerce evolution.
⭐️ JPMorgan Clashes With Viva Wallet.
⭐️ Mangopay introduced the new Mangopay Checkout SDK.
⭐️ Revolut growth buoys investors after bruising year for Fintech.
FINTECH
Volt and ekko partner to help shoppers remove plastic from the ocean. When choosing a payment method at the checkout, consumers can remove a plastic bottle from the ocean when paying with Volt.
American fintech Mbanq opens Osijek office. Mbanq recently celebrated the entry into a new era of its presence here in Croatia with a gathering in its new Osijek office.
Mintos launches personalised ETF portfolios for retail investors just weeks after the successful launch of high-yield Fractional Bonds.
Yonder extends partnership with GoCardless as an addition to the Direct Debit functionality that Yonder already implemented.
WealthKernel expands into US equities with first client now live. Wealthtech provider has added US equity trading to the list of services it offers, putting it in direct competition.
PAYMENTS
Spain's Bizum in mobile payments deal with Italy's Bancomat, Portugal's SIBS. The three leading payments companies said they would team up to allow users in the three countries to make instant mobile payments.
PayPal to amend terms and conditions under EU customer rules. Has announced its commitment to modify its terms and conditions in order to fully comply with the European Union’s consumer laws.
How Google’s settlement will change in-app payments. The attorneys general painted the settlement as a win for consumers, not only because of the restitution they will receive.
No incumbents make the 10 most downloaded apps in Sweden 🇸🇪 during 2023, as digital payment apps dominate. Payment apps took the majority of spots among the most downloaded FinTech apps in Sweden in 2023 with 1.93m.
OPEN BANKING
Key UK open banking oversight decision now delayed until 2024. While 2023 was intended to be “the year of delivery” for open banking, in a progress update the JROC revealed a host of delays.
CRYPTO
Coinbase secures crypto license in France, pushing deeper in Europe amid rift with the SEC. Cryptocurrency exchange secured registration with the French markets regulator.
DONEDEAL
Vitt raises funds; launches treasury product. Vitt has raised additional financing, bringing the total raised to $16 million in equity and debt in a round led by Better Tomorrow and Speedinvest.
Fiat Republic, the specialist BaaS platform that bridges the gap between web3 and traditional banks, raises $7 million in seed extension.
Christmas cheer as Updraft raises £272m debt and equity round. The funding is comprised of a £250m forward flow arrangement with Jefferies and Santander.
Digital identity company Yoti receives £12.5 million funding from HSBC. The £20 million funding will support the continued growth of the company through to achieving profitability and beyond.
MOVERS & SHAKERS
Unlimit hires ex-Burberry, ex-Adyen sales chief Colin Neil. Mr Neil will be responsible for building and leading sales teams across EMEA, LATAM, North America and APAC.
OakNorth appoints Adair Turner as chair as it mulls IPO.