Endava Report Highlights Banks’ Urgent Need for Modernized Core Systems

Endava, a technology services company known for its engineering and industry expertise, has released its Retail Banking Report, which reveals a significant insight: three-quarters of banks acknowledge the urgent need to modernize their core systems.  Despite 75% of financial institutions (FIs) believing they offer superior user experiences and technology compared to competitors, many are struggling to fully capitalize on new…

Ana Coteneanu By Ana Coteneanu

Nectaro Gains Rapid Momentum with Over 1,500 Investors in First Quarter

Nectaro, a new investment platform based in Latvia and licensed by the Bank of Latvia, has quickly made a mark in the European investment scene by attracting over 1,500 investors from 26 countries in just its first quarter of operations.  Since its inception in late November of the previous year, Nectaro has facilitated nearly €800,000 in loans, with an average…

Ana Coteneanu By Ana Coteneanu

Monkee Expands ‘Save Now Buy Later’ Model With New Funding and Partnerships

Austrian fintech startup Monkee has recently secured a new seven-figure investment for its "Save Now Buy Later" approach. This move aims to expand Monkee’s influence beyond its current base of 150,000 account holders through a partnership with Vereinigte Volksbank Raiffeisenbank eG.  Monkee challenges the conventional "Buy Now, Pay Later" trend by promoting mindful financial management, underlined by its impressive 300,000…

Ana Coteneanu By Ana Coteneanu
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Endava Report Highlights Banks’ Urgent Need for Modernized Core Systems

Endava, a technology services company known for its engineering and industry expertise, has released its Retail Banking Report, which reveals a significant insight: three-quarters of banks acknowledge the urgent need…

Ana Coteneanu By Ana Coteneanu

The Fight Against Fintech Fraud: Industry Rallies with AI and New Regulations

The fintech industry is currently confronting significant challenges with APP (Authorised Push Payment) fraud, identity fraud, and the emerging threat of AI-enabled fraud, drawing attention to the urgent need for…

Ana Coteneanu By Ana Coteneanu

Novidea Secures $30M Investment from HarbourVest to Drive InsurTech Innovation

Novidea, a player in the InsurTech field, recently announced a $30 million funding boost from HarbourVest Partners, propelling its total Series C funding to $80 million and overall funding to…

Ana Coteneanu By Ana Coteneanu

Monkee Expands ‘Save Now Buy Later’ Model With New Funding and Partnerships

Austrian fintech startup Monkee has recently secured a new seven-figure investment for its "Save Now Buy Later" approach. This move aims to expand Monkee’s influence beyond its current base of…

Ana Coteneanu By Ana Coteneanu

BIS Report Sheds Light on Stablecoin Stability Amid Ripple’s Market Entry

The Bank for International Settlements (BIS) has recently issued a report addressing the stability promise of stablecoins and the necessary regulatory responses. This report comes at an interesting time, especially…

Ana Coteneanu By Ana Coteneanu

Lithuanian Fintech TransferGo Secures $10M Funding from Taiwania Capital for Asia-Pacific Expansion

TransferGo, a Lithuanian fintech company with a strong foundation in the UK, recently secured a significant $10 million in funding from Taiwania Capital. This investment aims to fuel TransferGo's expansion…

Ana Coteneanu By Ana Coteneanu

The Oscars of CEE Fintech: UNCHAIN Festival Launches Startups Tournament to Propel Tech Innovation

Oradea, 19-20 June 2024: UNCHAIN Fintech Festival, the renowned global financial services and innovation festival, proudly announces the launch of its highly anticipated Fintech Startups Tournament. Set within the vibrant…

Ionela Lazar By Ionela Lazar

The European Central Bank Launches DLT Trials for Enhanced Wholesale Central Bank Money Settlement

The European Central Bank (ECB) is conducting trials to explore the application of distributed ledger technology (DLT) in wholesale central bank money settlement. This initiative is a forward-looking move towards…

Ana Coteneanu By Ana Coteneanu

Fintech Funding Reaches Four-Year Low in Early 2024

Fintech funding globally has experienced a significant downturn, reaching a new four-year low with just $7.3 billion invested in the first quarter of 2024. This stark decline is highlighted in…

Ana Coteneanu By Ana Coteneanu

Swiss National Bank Chairman Opposes Retail CBDC, Citing Systemic Risks

Thomas Jordan, Chairman of the Swiss National Bank (SNB), has voiced his opposition to issuing a retail central bank digital currency (CBDC) to the general public. During an event in…

Ana Coteneanu By Ana Coteneanu