Cloud-based core-banking provider Ohpen has secured a € 15 million Series B investment round led by private equity firm Amerborgh to accelerate international growth.

Ohpen, founded in 2009, is a cloud-based core-banking engine, built for the efficient administration of retail investment and savings accounts.

Yolt, a new money platform backed by ING, one of the leading banks in Europe, has launched its open beta today for iOS and Android, offering users across the UK access to a new way of managing their money smartly and intuitively. The app has been tested and improved in closed beta since October last year, and is now ready to invite more people to the platform.

Spire Payments and its official Russian distributor Lanter have developed an innovative mobile POS solution to capture transportation and municipal payments in major cities throughout the Russian Federation. The initiative is spearheaded by Sberbank, the market-leading acquiring bank in the region and is driven by the desire to expand into new market sectors. This ground-breaking initiative has just been deployed in four major cities: Sankt Petersburg, Kazan, Saratov, Krasnodar, and is the start of an aggressive roll-out programme throughout the Russian Federation.

FinTech experts from across the globe flocked to Copenhagen last week to debate the future of money at Money20/20 Europe.

The world’s leading tech, financial services and business experts revealed how new technologies will fundamentally change the way we borrow, manage and spend money around the world.

Russia (42%), Indonesia (45%), Vietnam (37%), Argentina (38%) and Israel (25%) are surprisingly included in the fastest growing e-commerce markets in terms of percentage growth compared to last year, according to the latest worldwide research by PPRO Group in co-operation with payments specialist Edgar, Dunn & Company. British e-commerce merchants are constantly looking for ways to improve market reach to attract and retain loyal overseas customers.

The Singapore-based C.O.S.S. PTE LTD (aka COSS) announces a Fire Swap (pre-ICO) of its token named COSS. The COSS Token Swap (ICO) is soon to follow.

Fintech as we know it has taken most of the momentum in pretty much whole Europe. This billion-dollar market has been influenced by many stakeholders and players offering uncountable opportunities.

Join us this October in beautiful Dubrovnik, Croatia also known as “the Pearl of the Adriatic” or “King’s Landing” and explore opportunities in Fintech industry!

Niu Solutions, a leading provider of managed IT services, partnered with Virgin Money to further enhance the lender’s intermediary mortgage portal.

Virgin Money appointed Niu Solutions to support its plans for digital transformation in response to the changing needs of its intermediary clients. The project saw Virgin Money develop its Mortgage Lab which sought to innovate and make the mortgage application process more efficient. 

Logical Glue, the cloud-based software company that helps the financial services and insurance industry reduce risk and increase profits with insightful and faster data-driven decisions, has closed a major private investment from UK entrepreneur Tom Singh. The investment will allow Logical Glue to expand its cloud-based machine learning and statistical modelling platform, further developing its patented “white box” decision-making engine and data visualisation tools.