About 10% of U.K.’s population used open banking services in January. Data from a recent report by Open Banking Limited (OBL) shows that the number of active U.K. open banking users crossed the 7 million mark earlier this year, around the same time the country...
Neo Financial, the Canada-based digital bank, has raised 185 million in Canadian dollars ($145 million) in a funding round, a report from The Bharat Express News said Thursday (May 5). This comes as the bank got past the mark of 1 million customers. Neo Financial...
In this week’s top Europe, Middle East and Africa news, Apple’s plan to develop its own payment processing system may test the limits of the European Digital Markets Act, and London-based startup Slip is working to turn receipts into actionable data in the U.K. Plus,...
$3 billion. That’s the amount Barcelona-headquartered business-to-business (B2B) neobank NEO has cleared through its multicurrency accounts as of March 2022, saving European Union (EU)-based businesses an estimated $15 million in banking fees. In an interview with PYMNTS, the firm’s CEO and co-founder, Laurent Descout, compared...
April 05, 2022
$3 billion. That’s the amount Barcelona-headquartered business-to-business (B2B) neobank NEO has cleared through its multicurrency accounts as of March 2022, saving European Union (EU)-based businesses an estimated $15 million in banking fees. In an interview with PYMNTS, the firm’s CEO and co-founder, Laurent Descout, compared that achievement to the $1 billion it cleared back in […]
September 29, 2021
“Complete nightmare.” You wouldn’t expect opening a business bank account in Europe to be described this way, given the advanced technologies that developed regions are known to possess. But that...
January 11, 2024
Artificial intelligence (AI) and robotics company 1X has raised $100 million in Series B funding. The company will use the new funding to bring to market its second-generation android called NEO, which is a bipedal humanoid designed to perform a variety of everyday tasks in consumers’ homes, 1X said in a Thursday (Jan. 11) press release. “Our next milestone […]
May 05, 2022
Neo Financial, the Canada-based digital bank, has raised 185 million in Canadian dollars ($145 million) in a funding round, a report from The Bharat Express News said Thursday (May 5)....
