Articles with tag: european bank

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European Bank for Reconstruction and Development to guarantee lending to SMEs by Raiffeisen Bank Albania

14 Sep 2020 | E-invoicing, SCF & E-procurement

The European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution, has partnered with Raiffeisen Bank Albania on a risk-sharing facility of EUR 50 million (USD 59.2 million).

European Bank for Reconstruction and Development, lending, SMEs, Raiffeisen Bank Albania

EU's proposed framework for crypto assets market

23 Jul 2020 | Cryptocurrencies

The European Commission has concluded a public consultation on crypto assets in March 2020 which follows detailed due diligence, according to Forbes.

European Commission, EU, framework, Europe, Forbes, crypto assets, market, virtual currencies, European Parliament, blockchain observatory, legislation, European Securities and Markets Authority, ESMA, European Banking Authority, EBA, European Crowdfunding Service Providers Regulation

Plum secures USD 10 mln in founding round

22 Jul 2020 | Online & Mobile Banking

Plum, a Greece-based fintech that offers a money management app, has raised a USD 10 million in funding as it gears up for European expansion.

Plum, mobile app, Greece, fintech, Europe, Japan, Global Brain, European Bank of Reconstruction and Developments, VentureFriend, banks, savings, artificial intelligence, AI, transactions, ISA, technology, Splitter, Spain, France

Natixis plans to focus on environmentally friendly lending

20 Jul 2020 | Payments General

France-based bank Natixis has announced commodities and infrastructure operations merger to focus on clean energy.

Natixis, environmentally friendly, lending, France, loans, oil traders, oil price collapse, bankruptcies, greener fuel, European bank, financial penalties, Green Weighting Factor

EBA calls for input to understand the impact of de-risking

15 Jun 2020 | Digital Identity, Security & Online Fraud

The European Banking Authority (EBA) has issued a call for input to understand the scale and drivers of ‘de-risking’ at EU level and its impact on customers. 

EBA, financial, financial institutions, banks, The European Banking Authority, de-risking, Europe, money laundering, banking, NGOs

Revolut Business, Clear Books partner for SME accounting

21 May 2020 | E-invoicing, SCF & E-procurement

Revolut has partnered with Clear Books, a SME accounting software company, to integrate its Business accounts on the cloud-based platform.

Revolut Business, Clear Books, SME, cloud-based platform, invoice, automatic allocation, transactions, TrueLayer, open banking, European Banking Licence

Brussels to improve anti-money laundering authority

07 May 2020 | Digital Identity, Security & Online Fraud

Brussels has announced to unveil plans by new pan-European powers to tackle money laundering.

Brussels, Belgium, anti-money laundering, AML, Europe, banking, EU, European Banking Authority, EBA, US, Latvia, banks, ABLV, Russia, transactions, Estonia, Danske Bank, ING, Deutsche Bank

Revolut to buy technology companies hit by coronavirus pandemic

07 May 2020 | Online & Mobile Banking

Revolut has announced that it is looking to use some of the proceeds of its recent USD 500 million fundraising to buy technology companies that have been hit by the coronavirus pandemic.

Revolut, coronavirus, COVID-19, technology, fintech, UK, banking, banks, Lithuania, European Banking Licence, credit cards, loans

Banking industry puts forward its vision for future-driven EU payments market

01 Apr 2020 | Payments General

European Banking Federation (EBF), European Association of Co-operative Banks (EACB) and the European Savings and Retail Banking Group (ESBG) – have issued a new publication that provides a vision of how the EU retail payments framework can move forward. 

European Banking Federation, European Association of Co-operative Banks, European Savings and Retail Banking Group, payments, Europe, retail payments, instant payments, innovation

EBA identifies trends and lessons learned in financial education and literacy initiatives

31 Mar 2020 | Payments General

The European Banking Authority (EBA) has published its second edition of the Financial Education Report (FER).

EBA, financial education, report, financial innovation, big data, regulation, European Banking Authority, banking

EBRD unveils EUR 1 bln solidarity package for businesses to deal with COVID-19

18 Mar 2020 | E-invoicing, SCF & E-procurement

The European Bank of Reconstruction and Development has announced an emergency ‘solidarity package’ of EUR 1 bln to help busineses deal with the impact of the COVID-19 pandemic.

The European Bank of Reconstruction and Development, EBRD, solidarity fund, banking, SMEs, coronavirus, COVID-19, pandemic, financial aid, Europe

Sirma launches Open Banking suite for boosting PSD2 payment services

06 Mar 2020 | Payments General

Bulgaria-based Sirma has announced the release of Open Banking Suite OBS, a PSD2-compliant end-to-end fintech software suite. 

Sirma, Open Banking, Open Banking Suite OBS, fintech, PSD2, financial technology, EBA’s Regulatory Technical Standards, European Banking Authority, PoS terminal, Bulgaria, Eastern Europe

European bank experts seek clarification on e-money definition plus related fraud reporting requirements

21 Jan 2020 | Payments General

Banks from nine EU countries have endorsed a note seeking clarification on the definition of e-money transactions and the related fraud reporting requirements issued by the European Banking Authority.

European Banking Authority, fraud reporting, e money, PSD2, banks, payments

EBA sets deadline for SCA compliance for December 2020

17 Oct 2019 | Digital Identity, Security & Online Fraud

The European Banking Authority (EBA) has published an opinion on the migration to strong customer authentication (SCA) under the second Payment Services Directive (PSD2), setting a new deadline at 31 December 2020.

European Banking Authority, EBA, PSD2, SCA, authentication, online security, fraud prevention, NCA

ESAs agree money laundering and terrorist financing still a concern in Europe

08 Oct 2019 | Digital Identity, Security & Online Fraud

Three European Supervisory Authorities (ESAs) have published their second joint opinion on the money laundering (ML) and terrorist financing (TF) risks impacting the European Union’s (EU) financial industry.

money laundering, ML, terrorist financing, European Union, financial industry, European Banking Authority, ESMA

Measuring the mixed impact of PSD2 legislation 18 months on

07 Oct 2019 | Digital Identity, Security & Online Fraud

We discussed with Nans Lorenzini, Legal and Compliance Officer at Limonetik, to learn more about the impact of PSD2, 18 months after it was adopted in January 2018

Nans Lorenzini, Limonetik, payment legislation, PSD2, strong authentication, bank, European Union, European Banking Authority, French Observatory for the Security of Payment Methods, payment method, PISPs, AISPs

EBA assesses impact of fintech on payments institutions and EMIs

09 Jul 2019 | Payments General

The European Banking Authority has published a report on the impact of FinTech on payment institutions\ and electronic money institutions\ business models.

EBA, The European Banking Authority, fintech, payments, payments institutions, e-money institutions, Europe, business model, open banking, PSD2

EBRD partners with Swedbank to boost Lithuanian startups

03 Jul 2019 | Payments General

Swedbank’s Lithuanian arm is partnering with the European Bank for Reconstruction and Development (EBRD) and Startup Wise Guys, to boost the country’s fintech sector, according to FinTech Futures.

European Bank for Reconstruction and Development, Swedbank, fintech, innovation,

EBA offers limited extension on PSD2 secure payment deadline

24 Jun 2019 | Payments General

The European Banking Authority has agreed to a limited extension on the September 14th deadline for compliance with Strong Customer Authentication under the PSD2.

European Banking Authority, PSD2, authentication, payments, extension

EBA publishes clarifications to the first set of issues raised by its Working Group on APIs under PSD2

12 Mar 2019 | Payments General

The European Banking Authority has published clarifications to the first set of issues that had been raised and discussed by participants of its Working Group (WG) on APIs under PSD2, which met for the first time on 21 February 2019.

European Banking Authority, API, PSD2, Working Group