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Tag: European

The entry of major technology companies in financial services could change to the banking sector

Banks in the European Union could have an instantaneous payment system by 2020, according to a Reuters report of June 26. According to the report, real-time payments have been possible in the euro zone since 2017, but only about half of the banks in the bloc adhered to the initiative.…

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FinTecSystems receives permit of an account information and a payment initiation service

FinTecSystems received the BaFin permit as an account information service as well as a payment initiation service. In the competition of the Fintechs the Munich can now offer their services from the digital bank information to the payment initiation regulated. They are very happy about the BaFin permit. They have…

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Copyright reform: Upload filters alert European startups

In an open letter entrepreneurs from 16 countries warn of drastic consequences. The startup association renews its criticism. No legislative proposal is currently shaking waves like the EU’s copyright reform, which the European Parliament is due to vote on next week. For Saturday, demonstrations are planned in numerous cities –…

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A Spanish fintech raises $75 million for its e-commerce financing platform

In Spain, the chain of success began. When Pagantis was born in 2011, his idea was to develop a leading business in the country, as its CEO Rolf Cederström recalls. “We were pioneers in online consumer credit and after the strong demand from our international merchants and partners, we are…

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Google will start suggesting users to use competitive products or services

It is not usual for a company to tell you to use competitive products or services. But Google will start doing it very soon. The European Union accused the technological giant of taking advantage of the dominance of its operating system in mobile phones. Which is being used to promote…

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