Articles with tag: brexit

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Amid Brexit and Covid fears, fintechs optimistic about international expansion

09 Sep 2020 | Payments General

Over two thirds of fintechs plan to expand internationally in next 18 months according to a survey of fintech executives by Newfound.

Brexit, Covid, payments, banking, talent, study, Newfound, fintechs, international expansion

Holvi leaves UK following Brexit and Covid-19 uncertainty

13 Aug 2020 | Online & Mobile Banking

Finland-based challenger bank Holvi has announced plans to officially exit the UK market on 31 October 2020, a date that echoes the UK’s initial departure date from the EU. 

Holvi, UK, United Kingdom, Brexit, covid19, EU, coronavirus, regulatory landscape, fintech, Mastercard, Holvi accounts, SME, digital bank, challenger bank, Finland, Berlin, Helsinki

Moneycorp receives e-money license in Dublin for EU expansion

03 Jul 2020 | Online Payments

Moneycorp Group, a UK-based foreign exchange and payments company, has obtained an e-money and MiFID license to operate in Dublin, Ireland.

MoneyCorp, e-money, Dublin, Ireland, Europe, Central Bank of Ireland, E-money license, online payments, Brexit

NFC solution from ReadID supports remote identity verification immigration programme

11 May 2020 | Digital Identity, Security & Online Fraud

ReadID has enabled more than 3.1 million applicants to join a digital onboarding immigration programme in the UK using remote identity verification.

InnoValor, ReadID, identity verification, digital onboarding, digital identity, Brexit, eID, mobile identity verification

Revolut to move non-UK customers to licensed Lithuanian entity

06 Apr 2020 | Online & Mobile Banking

Revolut has announced plans to move non-UK customers in its licensed Lithuanian entity before the end of the Brexit transition period in December 2020. 

Revolut, UK, Europe, Lithuania, Brexit, banking, challenger bank, cryptocurrency

Small businesses demand better access to finance ahead of Budget

04 Mar 2020 | Payments General

Two-thirds of small businesses have been urging the Government to take concrete action on improving access to finance in the UK.

finance, budget, government, small business, SMEs loans, funding, UK, Brexit

N26 has rolled out paid premium accounts in Greece and Slovenia

03 Mar 2020 | Online & Mobile Banking

Germany-based neobank N26 has announced that its paid premium accounts are now available to residents in Greece and Slovenia, Crowdfund Insider reports.

N26, premium account, challenger, neobank, challenger bank, Germany, Greece, Slovenia, Brexit, Europe

German digital bank N26 pulls out of UK, blaming Brexit

12 Feb 2020 | Online & Mobile Banking

The Germany-based digital bank N26 is has blamed Brexit for its decision to pull out of the UK and close more than 200,000 customer accounts.

N26, Brexit, United Kingdom, bank, digital bank, challenger, Tencent, UK, online banking, online bank, challenger bank, digital banking, neobank

DTCC delays blockchain post-trade platform launch

08 Oct 2019 | Cryptocurrencies

Depository Trust & Clearing Corporation (DTCC) has confirmed that it would delay the launching of its blockchain-based post-trade platform for derivatives by several months.

DTCC, blockchain. trade platform, Brexit, cryptocurrency, UK

FCA steps up efforts to ensure companies are getting ready for a no-deal Brexit

12 Sep 2019 | Payments General

The Financial Conduct Authority (FCA) is stepping up its efforts to ensure companies are aware of what they need to do prepare for the potential of a no-deal Brexit.

Financial Conduct Authority, Brexit, passporting, TPR, banking, digital, regulation, trade finance, B2B, corporate

How the fintech revolution can come from outside a post-Brexit UK – interview with GlobalNetInt

20 Jun 2019 | Interviews

Liudvikas Kulikauskas, CEO of Globalnetint, UAB, shares how an electronic money institution can thrive in the post-Brexit fintech climate, perspectives on alternatives, and expansion plans

Liudvikas Kulikauskas, Globalnetint, electronic money institution, Brexit, Lithuania, fintech, banking, Bank of Lithuania, SEPA, SWIFT, Jekaterina Govina, EU passporting rights, EMI licencing,

ReadID is used by UK Home Office for EU Settlement Scheme

03 Apr 2019 | Digital Identity, Security & Online Fraud

InnoValor has announced that its flagship software product ReadID is used by the UK Home Office to enable EU citizens obtaining UK immigration status after Brexit by using a smartphone app.

InnoValor, ReadID, UK, Brexit, identity verification, iProov, ePassports, identity cards, facial recognition, digital identity, biometrics

RBS warns that Brexit puts GBP 44 bln worth of business per day at risk

18 Feb 2019 | Payments General

Royal Bank of Scotland has issued a warning that Brexit puts its ability to clear daily cross-border payments under threat.

Royal Bank of Scotland, Brexit, cross-border payments, banking, payments, Europe, UK, daily transactions,

Growth Street raises GBP 7.5 mln for SME lending ahead of Brexit

24 Jan 2019 | Payments General

Business lending platform Growth Street has raised a GBP 7.5 mln to boost its loans to small companies as they prepare for Brexit.

Growth Street, funding, lending, UK, Europe, Brexit, SME lending, corporate loan, payments, Deutsche Bank, Mortgage Advice Bureau.

Interview with Andrew Backen, Equistone Partners, on M&A trends and drivers in the payments space

22 Jan 2019 | Interviews

We have interviewed Andrew Backen from Equistone Partners Europe to find out more about the M&A trends and drivers in the payments space

Andrew Backen, Equistone Partners Europe, M&A, M&A trends, payments, remittance, Western Union, Brexit, cross-border payments, money transfers, private equity, Global Blue, Small World, Europe, tax refunds, Silver Lake Partners

Royal Bank of Scotland invests GBP 2 bln Brexit funding for SMEs

24 Oct 2018 | E-invoicing, SCF & E-procurement

Royal Bank of Scotland has set aside GBP 2 billion in funding for services that will help SMEs deal with Brexit.

Royal Bank of Scotland, Brexit, SMEs, trade finance, e-invoicing, supply chain, financial risks, UK