Aidexa, an Italian challenger bank for SMEs, has raised €45 million in seed financing. Founded by Roberto Nicastro, former general manager of Unicredit, Aidexa intends to use a combination of AI and Open Banking to target the seven million businesses in Italy with a turnover of less than €10 million. The startup, which plans to…
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Accusations against Payvision: Supporting fraud and massive money laundering
As is known, our German-speaking colleagues already had their reservations about the state of affairs at Wirecard in Germany in 2016. Elfriede Sixt of EFRI (European Funds Recovery Initiative) from Vienna now states that the Netherlands has its own Wirecard with Payvision. This is not good news for ING. When ING bought a significant portion…
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The changing face of retail post COVID-19
For years now, brick-and-mortar stores have been faced with the challenge of competing with online competitors that may be offering a broader range or cheaper products. The result, says Paulette Rowe, CEO, integrated & eCommerce solutions at Paysafe, has been a decline of footfall on the high street. So creating a customer experience in-store has been key to survival,…
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Curve Europe UAB Gets the Green Light for E-Money License in Lithuania
The Board of the Bank of Lithuania has granted an electronic money institution license to Curve Europe UAB, a subsidiary of Curve OS Limited, an electronic money institution licensed in the UK. This move authorises it to issue electronic money and provide certain payment services set forth in the Republic of Lithuania Law on Payments.…
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