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Lithuania’s fintech sector now fastest growing in EU
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Lithuania’s fintech sector now fastest growing in EU

Lithuania is home to the fastest-growing fintech sector in the European Union, and the second-fastest growing in Europe, behind only the UK. A study carried out by Invest Lithuania and Rockit Vilnius, which looked at the state of fintech in 2019, reveals an impressive 24 per cent increase in the number […]

Mode deploys selfie biometrics and ID document checking from Onfido for top compliance and user experience
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Mode deploys selfie biometrics and ID document checking from Onfido for top compliance and user experience

Onfido has been selected by Mode, a fintech app that allows users to trade bitcoin, to provide automated identity verification with document analysis and facial biometrics to ensure full compliance with KYC requirements and seamless user experience for European citizens using the service, the company announced. Mode is leveraging Onfido’s […]

Starling Bank raises £60 million
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Starling Bank raises £60 million

Starling Bank, “the leading UK digital bank,” has raised £60 million from its existing investors, Merian Global Investors and JTC. The investment will bring the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. Starling has opened […]

Revolut rolls out Open Banking tool
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Revolut rolls out Open Banking tool

Revolut has launched an Open Banking feature, giving UK customers the ability to see their bank accounts from other providers from within the challenger’s app. Revolut teamed up with financial API specialist TrueLayer to enable all of its retail and business customers to see balances and transactions from other high […]

InfoComply Launches Compliance and Data Privacy software Platform2.0 to Address New Regulations Worldwide
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InfoComply Launches Compliance and Data Privacy software Platform2.0 to Address New Regulations Worldwide

Consumer data privacy and corporate compliance management firm InfoComply announced today a new version of the company’s software platform, providing upgraded tools for companies seeking compliance with international security and privacy regulations, including the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and Brazil’s New General Data Protection […]

Municipality of Zermatt Now Accepts Payments in Bitcoin
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Municipality of Zermatt Now Accepts Payments in Bitcoin

The municipality of Zermatt, in cooperation with Bitcoin Suisse, announced that it will accept Bitcoin as a means of payment for local taxes and official transactions with immediate effect. A point-of-sale solution provided by Bitcoin Suisse has been installed in the Zermatt town hall, so that fees for services from […]

PayPal highlights Venmo profit strategy
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PayPal highlights Venmo profit strategy

PayPal reports that peer-to-peer payments tool Venmo is on a path to profitability. In a fourth-quarter earnings report Wednesday, PayPal CEO Dan Shulman told investors the company is pushing ahead on its Venmo monetization strategy. Key enablers include Pay with Venmo, which allows consumers to use the tool to pay […]

Taxman unearths £200m in joint operation
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Taxman unearths £200m in joint operation

M Revenue & Customs has helped uncover £200m worth of suspected tax evasion and money laundering in the UK. The action — which occurred as part of a series of investigations in Australia, Canada, the Netherlands, the US and the UK — is centred around a Central American financial institution […]

Temenos and Google Cloud Announce Global Strategic Partnership to Accelerate Banks’ Digital Transformation in the Cloud
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Temenos and Google Cloud Announce Global Strategic Partnership to Accelerate Banks’ Digital Transformation in the Cloud

Temenos showcases leadership in the cloud delivering its software across hybrid and multi-cloud environments; will be the first global banking software provider to run on Google Cloud Anthos Temenos and Google Cloud will jointly go-to-market with leading-edge financial services offerings in the cloud to drive scalability, operational efficiency, time-to-market, and […]

Former U.S. regulator leads effort to create digital dollar
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Former U.S. regulator leads effort to create digital dollar

The project will explore how a cryptocurrency could produce a more efficient and safer means of cross-border trade, clearance and settlement. The former chair of the Commodity Futures Trading Commission (CFTC) has partnered with Accenture to create the non-profit Digital Dollar Project, which plans to explore the creation of a U.S. […]