EuropeRSS

Mobile banking service Lunar Way fearless for feeless travel

Lunarway 1

Denmark-based mobile banking service Lunar Way has launched its travel card – and the chance to experience the world without fees. Its newest feature, called the Lunar Way Travel Card, is its attempt to stand out in a world of roaming charges. Lunar Way says: “One area where the consumer has always been stung is […]

Nordea and Danske Bank being investigated for money laundering

denmark flag 1

Nordea is now keeping people informed about an ongoing investigation by the Danish Prosecution Service into its alleged anti-money laundering (AML) violations. By way of recap, it follows criticism by the Danish Financial Supervisory Authority (DFSA) in June 2016 regarding AML transgressions by Nordea Bank Danmark. According to Danish newspaper Berlingske, the money laundering involves […]

BBVA warns of “dangerous bubble” for blockchain ICOs

BBVA

BBVA reckons the fever for initial coin offerings (ICOs) in blockchain must be cooled as the industry is facing a “dangerous bubble” driven by speculation. ICOs are a common story in fintech at present and they allow small businesses to reach a large audience via blockchain and cryptocurrencies. (And BBVA has its own interest in […]

“Jihadi capital” Belgium most lenient country on money laundering

Belgium 1

Belgium – the “Jihadi capital of Europe” – is the European Union’s (EU) most lenient country on money laundering despite its role in terrorist financing, according to anti-money laundering (AML) firm Fortytwo Data. With refreshing frankness in the usually jargon-soaked and platitude-drenched world of fintech, Fortytwo Data says the EU’s disjointed approach to the fight […]

Retail deposits platform Savedo acquired by fellow fintech Deposit Solutions

Deposit Solutions buys Savedo

Germany-based Deposit Solutions has acquired fellow fintech Savedo. With the acquisition of Savedo, Deposit Solutions gains 18,000+ clients, 13 partner banks and new regions – thus “further expanding its B2C capabilities”.

Trustly teams up with Qliro

Equiniti and Nostrum agree M&A

Business-to-business (B2B) payment solutions company Trustly has partnered with e-commerce payment provider Qliro.

Nordnet welcomes “digital employee”, AI Amelia

Nordnet welcomes

Nordnet, a digital bank in the Nordics, will have a “new digital employee” as of this autumn – IPSoft’s Amelia artificial intelligence (AI) platform.

Time to act: EU Funds Transfer Regulation 2015

Christian Westerhaus, Deutsche Bank

The EU Funds Transfer Regulation 2015 (FTR 2015), which has been in effect since 26 June 2017, aims to deliver full traceability of payments. A lack of regulatory clarity is, however, leading to significant implementation hurdles that require urgent action from all stakeholders.

Wirecard and Gambio launch GambioPay for e-merchants

Wirecard

Wirecard is expanding its collaboration with the shop system developer Gambio to launch GambioPay for online retailers, which the companies say simplifies payments processing and cuts costs.

Bank of Lithuania to offer regulatory sandboxes for fintechs, calls for public feedback

Aerial view of Vilnius, Lithuania

Fintech companies will soon be able to test their products in Lithuania by creating customised regulatory sandboxes under the supervision of Bank of Lithuania.

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