Airbnb has officially announced that they are set to process EU payments through Luxembourg as of 2020, as a result of Britain’s departure from the European Union.

The American private home rental platform, Airbnb, has announced that EU payments between hosts and guests will be processed through the Grand Duchy as of 2020.

The company opened a subsidiary in Luxembourg at the end of last year and has now been granted a payment institution license in the country. 

WeOwn today announces that it is building WeExchange - a new global, decentralised stock exchange - to enhance its investment ecosystem for high-growth companies and everyday investors. The exchange will give SMEs access to new capital raising opportunities and provide investors with flexible access to equity in dynamic brands.  

Europe’s leading open banking platform Tink has ramped up its European expansion, boosting its physical and digital reach by launching its platform in Italy and Portugal, as well as opening new offices in Madrid and Milan. 

Since its launch in 2012, Tink has gone from strength to strength — growing its employee numbers from 20 in December 2016 to 270 globally in December 2019. The open banking platform gives access to financial data from 2,500 banks in Europe that are reaching 250 million bank customers.

Computop,  a leading global payment processor, today announced that its  highly secure card terminals are  available with the EFTPOS integration interface, Pepper, from the Swiss software service provider treibauf. The Computop card readers can now be accessed via this interface by almost 100 common POS systems.

Today Yolt announces that its Chief Executive Officer, Frank Jan Risseeuw, will leave the company after building the brand from an innovation concept to the market leading, award-winning personal finance app, available in three markets in Europe. In his new role, Frank Jan will move to Madrid to lead another of ING’s ambitious change programmes, which will include integrating four of ING’s Retail countries into a new scalable banking platform.

Finastra today announced that Pancreta Cooperative Bank, a leading cooperative organization in Greece with more than 85,000 active members, has selected its Fusion Risk solution to automate regulatory reporting and minimize the cost of compliance.

Analytics software firm FICO today released its annual interactive European Fraud Map, which shows that the UK’s card fraud losses hit a record £671 million in 2018. The data from Euromonitor International and UK Finance compares these losses against previous years and 18 other European countries.

Travelex, a Finablr company and a market leading independent foreign exchange specialist, today announced that it has established a new Asia-Pacific headquarters in Shanghai. As part of the move, Travelex is one of four companies to participate in the prestigious Certificating Ceremony for Multinational Corporation’s Regional Headquarters and Research & Development (R&D) Centers.

This week, we held a discussion on Responsible Banking on the 25th United Nations Climate Change Conference (COP25). It connected different experts from Bank of Spain, Santander, etc, with the coordination of CEU.

Green and Responsible Banking

Path Solutions, a worldwide provider of Islamic software solutions and services ranked first for the second year in a row in the annual bobsguide Software Rankings’ Islamic Finance category.