Big tech concerned about new payment services regulations
New U.S. payment service regulations could also affect Big Tech services. Big companies like Google and Apple have started a lobbying effort.
The US government wants to achieve greater oversight of payment services. According to a proposed new regulation of payment companies by the U.S. Consumer... Read more
Dutch fintech company Fourthline raises 50 million euros
Dutch company Fourthline has raised 50 million euros in a new investment round. The company plans to use the money to further develop its software for fighting complex financial crime.
The investment was raised from new and existing institutional investors. Among others, investment company Finch... Read more
Visa and MasterCard are potential buyers to acquire fintech Pismo
In a move that signals its ambition to expand into cloud-based banking and payment services, Visa is reportedly looking to buy Pismo, the Brazil-based FinTech firm. According to reports, Visa has upped its bid from $1 billion to $1.4 billion for Pismo, which offers cloud services to banks and boast... Read more
Deloitte and AWS collaborate on fintech and banking services
Deloitte and AWS will jointly develop cloud-based banking services. The partners want to help financial organizations introduce digital banking tools and modernize fintech solutions.
As part of the partnership, Deloitte is bringing its ConvergePROSPERITY BankingSuite platform to AWS' public clou... Read more
€500 million startup Yokoy expands from Amsterdam to Spain
Yokoy announced an expansion into Spain. Earlier this year, the startup opened an office in Amsterdam to storm the European market. According to CNBC, the three-year-old company was recently valued at €500 million.
Yokoy develops spend management software. Clients use the technology to record... Read more
Financial sector is in the midst of major digital innovation drive
Last week the Sibos event, organized by SWIFT, was taking place in Amsterdam. What are the big topics in this world in terms of technological innovations? We spoke with Oracle's Conor Colleary about what trends he sees and therefore what Oracle is focusing on.
Colleary is VP for Financial Servic... Read more
Payment terminal provider SumUp raises $624 million
SumUp is closing in on a significant investment round of €590 million ($624 million), which allows it to enter into a wider variety of financial services.
A decade ago, London's SumUp became one of the many payment service providers that gained notoriety by selling dongles that convert inexpe... Read more
Fintech specialist Pleo expands into the Netherlands
Pleo, a Danish fintech specialist and service, expanded its activities to the Netherlands. The service helps companies manage all employees' business expenses without administrative hassles.
Pleo focuses on SMEs. Research shows that companies in this segment often struggle with operating costs.... Read more
Swedish fintech, Juni raises $206M in equity and debt funding
Juni, a Swedish fintech business, has secured $100 million in a capital round headed by Mubadala, an Abu Dhabi-based state investor, and another $106 million in venture loan financing from Silicon Valley's TriplePoint Capital.
EQT Ventures, Felix Capital, Cherry Ventures, and Partners of DST Glo... Read more
Yapily to acquire finAPI
The London-based financial tech firm agreed to acquire its German rival.
This week, fintech startup Yapily announced that it plans to acquire finAPI. Yapily claims the deal will double its user base and give it a clear leadership position in two of Europe’s largest markets: the UK and Germany.... Read more