Finastra Partners Fragmos Chain to Digitalise OTC Derivatives Post-Trade
Finastra is collaborating with French blockchain platform Fragmos Chain to provide out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution. The API-first integration via FusionFabric.cloud enables banks globally to digitalise their OTC derivatives products to reduce the costs
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Italian Neobank HYPE Automates Customer Identity Verification With Onfido
Italian neobank HYPE has partnered with London-based identity verification and authentication provider Onfido to automate its customer onboarding process. Launched in 2015, HYPE provides 1.7 million customers with services such as P2P and bill payments, transfers, savings management, and other
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Bitpanda Receives Full Crypto Custody and Trading License in Germany
Austrian crypto platform Bitpanda has received a full operating license from the German Federal Financial Supervisory Authority or BaFin for the custody and proprietary trading of crypto assets. Bitpanda claims to be the first European retail investment platform to obtain
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France’s Karmen Raises €50M Credit Line From Fasanara to Finance Digital SMEs
Paris-based business financing platform Karmen has raised an additional €50 million in debt financing from London-based alternative asset management company Fasanara Capital. Karmen first raised €22 million comprising €3 million in equity and €19 million in debt financing in a
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Taktile Raises US$20M Series A From Index Ventures and Tiger Global
German automated decisions platform Taktile has closed a US$20 million Series A funding round with investments from Index Ventures and Tiger Global. Taktile allows companies to build automated flows for decisions — like which customer to lend to or what
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Challenger Bank SWISS4.0 Granted FINMA Fintech License
Financial services app SWISS4.0 has been granted a fintech license by the Swiss Financial Market Supervisory Authority (FINMA) to operate as a financial institution, effective 18 November 2022. SWISS4.0 said that it is the first Geneva-based fintech to receive the
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UBS Leverages iProov’s Face Verification Technology for Bank Account Opening
UBS has partnered with London-based identity verification company iProov to offer automated identity verification during the account opening process. UBS launched the UBS key4 banking app earlier in the year to enable clients to carry out their banking transactions entirely
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Temenos Infinity Enables 850 Digital Banks Globally
Temenos announced that its digital banking platform Temenos Infinity has passed 850 customers and that it sees tremendous growth as banks turn to packaged banking services for fast time to market. Banks in the Europe, Middle East and Africa that
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Revolut Surpassed 25 Million Customers, Eyes Further Global Expansion
Global remittance app Revolut announced that it has surpassed 25 million retail customers worldwide, up from 20 million in July, and is now processing over 330 million transactions a month. The company also plans to expand in Brazil, India, Mexico
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German Regtech Firm Regnology Acquires Belgian Counterpart b.fine
German regtech startup Regnology has acquired b.fine, a Belgian regtech firm which helps financial institutions enhance their reporting supply chain. b.fine’s platform helps financial institutions digitise, automate and manage their regulatory reporting processes, providing them better oversight of their different
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