After raising $37 million in a funding round backed by investors such as Idinvest and Allianz, French lending platform Lendix is eyeing expansion in Europe. The backing will provide a boost to its growth plans in countries such as Germany, TechCrunch reported. Get the Full...
In response to an increase of Chinese acquisitions of European rivals, the European Parliament’s international trade committee has approved a proposal calling for greater scrutiny of foreign investments. According to Reuters, the committee voted to extend the list of “critical sectors” that would prompt EU...
To make sure they can compete with the United States and China, France and Germany want an EU-wide initiative that will fund innovation and research in tech startup projects across the region. Get the Full Story Complete the form to unlock this article and enjoy...
Flywire, a provider of global payment and receivables solutions, has announced a major expansion of its U.K. and European operations and team. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
While the European Banking Authority has created a “roadmap” on how to regulate emerging FinTech services, the body is not keen on creating a unified approach to cryptocurrency regulation — at least not yet, Reuters reported. Get the Full Story Complete the form to unlock...
As the European Union (EU) prepares for the U.K.’s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. Get the Full Story Complete the form to unlock this article...
Latvia’s top banking official and key European Central Bank member Ilmārs Rimšēvičs is currently facing accusations of bribery and money laundering. Latvian Prime Minister Māris Kučinskis confirmed that Rimšēvičs has been detained, but has offered no official details on the case. Get the Full Story Complete...
In an attempt to compete against the U.S. and Asia in the financial technology sector, Brussels will propose pan-EU licenses to help FinTech companies operate across the bloc. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The European Payments Council has announced the launch of its Single Euro Payments Area (SEPA) Instant Credit Transfer (SCT Inst), which enables nearly 600 payment service providers from eight European countries to offer instant payment solutions. Get the Full Story Complete the form to unlock...
