The financial sector in Europe is undergoing a profound transition. The war in Ukraine, high inflation and the threat of recession have put pressure on the profitability of players. The figures speak for themselves: over 52 percent of the banks and wealth managers surveyed stated that they intend to tackle full-spectrum digitisation projects within the next two years in order to remain competitive. While more than 40 percent are already working on innovative concepts for their customer experience.

Working capital provider Accelerated Payments today announced the appointment of Chan Virk as Regional Director for the Midlands.  A highly experienced banking professional, Cha

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Pleo, the fintech unicorn offering a smart business spend solution, today announced revenue and transaction volumes almost doubled in 2022. 

Pleo reports that the number of total monthly active users on the platform has also almost doubled since 2021, with demand for its business spend management tools remaining strong throughout 2022, showing market resilience despite the challenging economic environment. 

European consumers expect to receive the “VIP” treatment when it comes to marketing and interactions they have with brands, yet they remain concerned about the sharing, use, and protection of their personal data. 

Say goodbye to your expenses - 43% of finance professionals in businesses across the UK have reduced expenses to minimise the impact of inflation and tighter monetary conditions on their businesses.

Over a quarter (28%) have reduced their overheads by downsizing their office or reducing energy costs; 26% are increasing the use of technology/automation in their businesses; and 24% are planning to increase the prices of their services/ products. 

Inpay, the international payments firm, has secured an Electronic Money Institution (EMI) licence from the Danish Financial Supervisory Authority (FSA), becoming the first Scandinavian fintech to combine EMI, PSP, and TPP.

The new licence will enable the company to issue electronic money, facilitate digital payments and money disbursements, among other payment services and is a landmark for the business.

Sends, the cutting-edge financial service provider announced a summer special offer for Internet acquiring services. PSP Sends provides new customers onboarded from July 1st, 2023, to August 31st, with a reduced acquiring fee of just 1%. 

Vestas, the global leader in sustainable energy solutions, has expanded its partnership with platform-specific payment infrastructure provider Mangopay, to manage the payment flows of Covento, its B2B marketplace dedicated to parts for the renewable energy sector.