Banking
Contis hit with €840,000 fine by Bank of Lithuania
Contis, part of German BaaS fintech Solaris, fined €840,000 by the Bank of Lithuania.
Delegated anti-money laundering (AML) measures to distributors without proper...
Banking
Commerzbank becomes first German bank to receive crypto custody licence
Commerzbank granted first crypto custody license among German full-service banks
Aims to develop a range of digital asset services, with a focus on...
AI
German insurtech Wefox secures $55m debt financing from Deutsche Bank and UniCredit
Berlin-based insurtech Wefox secures $55 million in debt financing.
Deutsche Bank and UniCredit are the key financiers.
The financing is structured as a...
Banking
European Payments Initiative completes acquisitions of iDEAL and Payconiq International
The European Payments Initiative (EPI) has acquired iDEAL, an online payment solution by Dutch payments processor Currence, and Payconiq International (PQI), a Luxembourg-based...
Banking
German funds servicer Universal Investment names Francesca McDonagh as group CEO
Universal Investment Group names Francesca McDonagh as new group CEO, effective from January 1, 2024.
Francesca McDonagh previously served as the group CEO...
Banking
Iwoca lands £200m debt facility from Barclays and Värde Partners
Iwoca, a UK-based SME lender, secures £200 million in a new debt facility.
Founded in 2011, Iwoca provides embedded lending solutions for small...
Banking
Raisin appoints former UBS chair Axel Weber as advisor and board member
Berlin-based fintech Raisin appoints Axel Weber, former president of the German Central Bank, as an advisor and board member, amid significant growth and a...
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