US payments firm Galileo raises $77m for European drive

Roger Baird

 US digital payments firm Galileo Financial Technologies has raised $77m to expand into Europe and Latin America. The Salt Lake City-based firm already counts fintech powerhouses such as Monzo, Revolut, Transferwise among its clients, who use its application programming interface rules (API) to open new financial accounts, issue and process payment cards, and launch new…

wyre

Wyre Introduces New Crypto ‘On-Ramping’ Technology

Max Moeller

Wyre, a project looking to lower “the barriers to entry for fintech entrepreneurs around the world,” is bringing something called an “on-ramp” to the table. Their goal is to make crypto payments more easily accessible so companies in the space can work better with fiat, according to a blog post from the company. Interestingly, the…

Open Banking is Going Global With 87% Of The Countries Having Open APIs

According to the Open Banking Report 2019, more than 87% of the countries currently have some form of Open APIs in place, reaching over 10,000 institutions around the world. This shows that Open Banking is becoming a robust phenomenon that is being replicated across borders. Report Shows Open Banking Progress As per the Open Banking…

Challenger Banks Bunq and Raisin Enter the Irish Market

The challenger banks Bunq and Raising are entering the Irish market, which is currently dominated by Revolut and N26, which have been very active participants. The main goal is to attract a broad audience that would be ready to follow the challenger bank bandwagon. Bunq And Raising: New Challenger Competitors Although Revolut and N26 have…

Revolut to Revolutionize Real-Time Payments with Bottomline Aggregator

Revolut to Revolutionize Real-Time Payments with Bottomline Aggregator

Viraj Shah

UK-based financial technology startup Revolut recently partnered with Bottomline Technologies to rev up real-time payments on its platform. It will now be using Bottomline Universal Aggregator for both its business as well as retail customers. Better real-time payments Revolut caters to over 7 million users, both retail and business, based in Europe. Its British users…

LSE-backed Nivaura Hires Senior HSBC Banker Chris Jones

London based Fintech company Nivaura is welcoming Chris Jones, former Managing Director and Global Head of Local Currency Syndicate at HSBC (NYSE: HSBC), to head its structure and product strategy. This became necessary as the company is expanding its business, a press release says. Jones had worked at HSBC for 15 years and has rich…

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Revolut CEO: We Hope to Hit $10 Billion Valuation Within a Few Years

Revolut, one of the top challenger banks in the world, continues to grow despite the current fears of an economic recession. The company has been expanding since 2015 and they just recently announced that the official launch of their banking app in Singapore could come this October. During an exclusive interview with LearnBonds.com, Nik Storonsky,…

Central Bank of UAE Solicits Comments on Draft Crowdfunding Regulation

Justinas Baltrusaitis

The Central Bank of UAE (CBUAE) has been working on the draft regulation related to Crowdfunding Platforms, CFPs and has solicited views and feedback from experts before approving it officially. Central Bank of UAE (CBUAE) has to make laws and regulate Crowdfunding in order to safeguard interest of consumers, and it also has to safeguard…