Deutsche Bank’s Post

Here're top 10 European #FinTech associations that make a difference in the digital financial space. Gain some industry insights provided by FinTech Magazine.

The prevalence of innovation across the UK's fintech sector was clear to see at this week's #IFGS, with AI, digital assets and tokenisation, open banking and embedded finance taking centre stage at the 10th-anniversary summit. As always, it was a pleasure to reunite with some familiar faces from the industry, I particularly enjoyed catching up with Tom Pavey-Smith, Charles McManus and Janine Hirt, among others, on IPOs, emerging regulation, plugging the UK's brain drain, unicorn behaviour and scaling scale-ups. One of my key takeaways from the summit is that #fintech is moving fast, and thankfully, in the right direction. Thank you to Innovate Finance for enabling these conversations to be had. With a very busy summer ahead of us, let's end the week with a quick recap, live on FinTech Futures now 👇 #Fintech #Banking #Innovation #Digital #InnovateFinance

With a decade of Innovate Finance's Global Summit behind us, what does the next decade look like for financial services? That's what industry innovators focused on answering during last week's event in London.    Read our takeaways from the event, including CEO Charles McManus' views on the current direction of UK fintech and how the formation of key groups across the industry could shape the future of fintech. 👉 https://lnkd.in/e85rcwf3   OpenPayd, TrueLayer, Revolut.

🚀 Transforming Luxembourg's Financial Service Sector: Beyond Temporary Fixes to Lasting Change In Luxembourg, a financial hub that has long thrived on tradition, the tides are turning. Our latest blog delves into the pressing challenges the financial services industry faces, from the rise of nimble fintech alternatives like Revolut to the deep-seated legacies of traditional banks. 🏦💡 Why is the speed of this needed digital transformation still so slow. Can a new approach to consulting help spark the essential transformation in Luxembourg? 🤔 Discover how embracing fundamental, structural change can not only safeguard but propel Luxembourg's financial sector into a prosperous future. We’re ready to lead the charge—are you? 🔗 Read the full insight here and join the conversation on how we can revolutionize our industry for the better. https://lnkd.in/eR9DK-T4 #Banking #DigitalTransformation #Fintech #Luxembourg #StratixServices #Innovation

Top 10 national European fintech associations: We count down the top European fintech associations by country, order by the total addressable market of the countries in which they operate. #finpeform #fintech

⚡September Round-up ⚡ Summer has ended, and we jumped into autumn headfirst! Here are our updates from the last month…. ⚡Altalix Acquisition – this month, we announced we have acquired Altalix, a UK-based fintech company providing fiat-to-crypto gateway solutions. We are committed to helping shape a safe and innovative digital asset future, and this move brings us closer to our vision of giving financial institutions the service they deserve. 🏆IPR win – We also won the award for ‘Scale Up of the Year’ at RemitONE’s IP Global event! We’re so proud of our team, to be recognised for the services we provide to global remittance companies is fantastic! Well done team 🇸🇬Token2049 and MoneyLive Asia – Jack Luttrell and Claire Huddleston flew out to Singapore for TOKEN2049 and MoneyLIVE Asia. A fantastic few days for the team, who were able to connect with other pioneering companies that are helping pave the way in the payments and financial services industries. 🇨🇦SIBOS – It seems half the team was flying here, there and everywhere! Steve Allen, Sasha S. and Vadims Vilgerts all flew to Toronto for Sibos, who also were able to get some insightful conversations with some great players in the banking and fintech sphere, on the current trends and future of the industry. A busy month for Clear Junction, and we’re keeping up the momentum for October 🚀 #Payments #Remittances #Fintech ##NewMonth #FutureofFintech

Fortifying the UK's Position as a Global Fintech Hub Join #FinextraTV at #IFGS 2024 as Richard Davies, CEO of Allica Bank, sheds light on the UK's potential to become a global #fintechhub. We discuss the steps the #UK must take to solidify its industry-leading position, including diversifying financial service providers, fostering #fintech #growth, nurturing #global champions, and gaining insight into the role the #government has in shaping the #fintechecosystem with key #policy recommendations to drive #innovation and #scalability. https://lnkd.in/ebe4757t Innovate Finance #IFGS2024 #finance #economy #money #financialecosystem #UKFinTechWeek #financialservices #financialinstitutions #banks #banking #technology #future #trends #digitalbanking #neobanks #challengerbank #SME #SMElending #SMEfinance #SMEbanking #scalable #regulation #OpenBanking #datasharing #OpenAPI #entrepreneurship #BASELIII #standards #markets

That #Fintech Friday Feeling. What caught my eye in #payments and fintech in the last week. EML have announced that they are going to wind down the former Prepaid Financial Services Irish business (PCSIL) with a provisional liquidator appointed by the High Court. Bought for a revised sum of almost €150m in 2020 the business has been a drag on the EML share price since the Central Bank raised regulatory concerns in 2021, with approximate losses of €22m over 2022 and 2023. The market responded favourably with the news of the wind down with a 23% jump in the EML share price in #Australia. The wind down needs to manage the over €500m of customer funds on 2.4m active cards. Unfortunately, it will mean a large number of people will lose their jobs but with other companies becoming authorised in Ireland hopefully there will be opportunities in the market. https://lnkd.in/easj7EFY #UK supermarket Sainsbury's are going to follow Tesco in exiting the banking business with a plan to phase out their core banking services https://lnkd.in/eXfz_XF7 It looks like it will be sometime before #Dublin will follow other cities with open loop payments for public transport. The National Transport Authority (NTA) expect it will be next year or 2026 before we are tapping with payment cards or phones. So better keep topping up that Leap card for now https://lnkd.in/e4fMTnWB Revolut are taking off with Aer Lingus who are the first airline to accept Revolut Pay. https://lnkd.in/eCWQvHSz I actually used it 3 months ago to pay for a flight I’m taking tomorrow, these were my thoughts at the time, and checking again Laser is still shown as a card type 10 years after it was withdrawn! https://lnkd.in/e_2fKnXg Mike Brennan of Finch Capital has named Dublin HQ’ed NomuPay as a fintech to watch in 2024. Nomupay purchased Manchester HQ’ed Total Processing last year. https://lnkd.in/ebxN8-_h Elon Musk’s X received it’s 15th Money Transmitter Licence in the US with Utah the first state granting it a licence in 2024 as Musk seeks to transform X and provide a payment offering. https://lnkd.in/eeGg69AU Staying stateside Stripe have taken an interesting approach around employee commuting, partnering with an electric boat company to get employees from the outskirts to their SF office. Going by boat rather than navigating Dublin traffic could be quite appealing. https://lnkd.in/eRCeZfew

Fintech giants Revolut & Monzo want stamp duty on shares ditched to boost London Stock Exchange 🇬🇧 🔵 Calling all investors! Big names in fintech are urging the government to scrap the tax on buying shares to make investing in UK companies more attractive. 🟠 They say this will help make London an even bigger player on the global stock market stage 🟢 This comes as the UK looks to attract more tech firms to list their shares here. Should the government listen? Join the discussion at the Innovate Finance Global Summit this week! #InnovateFinance #GlobalSummit #Fintech #LondonStockExchange #InvestUK #RokaSearch

We have 31 companies and topics covered in the news today: #Ebury, #Landsbankinn, #CBA, #Wasabi, #DeutscheBahn, #Tink, #CashfreePayments, #Unlimit, #VTEX, #Ubirider, #Visa, #WesternUnion, #Chime, #EU, #Monoova, #Fastly, #Uqudo, #Tamara, #Eurojust, #Revolut, #JPMorgan, #FrenchPaymentsNetworkCartesBancaires, #Currencycloud, #MonetaryAuthorityofSingapore, #AllianzTrade, #Enfuce, #PhilipMikal, #TheiaInsights, #NiallCameron, #BMLL, #SBIDigitalMarkets, #CATFinancial, #RenoMathews, #Spektr, #Bitstamp, #FCA, #Yuno, #DTCC. Ebury to look at GBP 2 billion valuation in London listing Landsbankinn integrates with CBA Wasabi introduces White Label OEM Program Deutsche Bahn partners with Tink Cashfree Payments introduces Embedded Payments Unlimit announces a global partnership with VTEX Ubirider closes USD 1.95 mln seed round Visa expands its collaboration with Western Union Chime launches Chime Deals EU adopts 13th sanctions package against Russia Monoova partners with Fastly Uqudo partners with Tamara Eurojust aids cross-border crackdown on EUR 2 bln fraud scheme Revolut Ramp allows crypto purchase directly into MetaMask wallets Visa and Western Union expand collaboration JP Morgan joins French payments network Cartes Bancaires Currencycloud granted ‘In-Principle Approval’ for MPI Licence by the Monetary Authority of Singapore Deutsche Bahn taps Tink for direct debits Allianz Trade releases B2B e-commerce payment product Enfuce appoints Philip Mikal as chief product and technology officer Climate fintechs are faring better than their peers in attracting VC funding Theia Insights raises $6.5m to bring AI to investment community Niall Cameron joins BMLL as NED and investor SBI Digital Markets aligns with Zurich’’s CAT Financial Former Citi and Google compliance expert Reno Mathews joins due diligence startup Spektr Bitstamp receives In-Principle License Approval in Singapore FCA firms about common failings we have found in firms’ financial crime controls Yuno secures USD 25 million from consortium of investors DTCC advances corporate actions pilot This edition summarizes the news in Payments and Fintech for Mar 6, 2024. Don't miss out, subscribe to our Youtube channel at youtube.com/@baypayforum #payments #fintech #baypayforum #paykademy This episode is sponsored by PayKademy, the first business academy to learn Payments and Fintech at paykademy.com at your own pace when you want. This is the video version of the newsletter we send by email every day. We hope you enjoyed it and see you tomorrow for our next edition or on our website at baypayforum.com. You can read the details of the news at baypayforum.com/news.