Copenhagen has a strong fintech ecosystem and a leading position among fintech hubs globally. The hub connects both start-ups, established companies and organizations focusing on innovation and new opportunities. Mastercard is committed to empowering the growing fintech community through collaboration with Copenhagen Fintech, a fintech start-up based in Copenhagen, Denmark.

Whatever the causes of the current cost-of-living crisis in the UK – variously attributed to Brexit, Covid-19, and the war in Ukraine – the upshot for SMEs was spelt out in June by online payments firm PayPal’s annual ‘Business of Change’ report.

We’re proud to announce our largest fundraise to date: €1bn to invest in the next generation of changemakers. Between the global climate crisis and social, macroeconomic, and political uncertainty, we believe technological innovation will continue to be the silver lining that delivers real societal growth. Now more than ever, we look to entrepreneurs who are building a mindful, innovative future; and founders have proven many times that they thrive in turbulent times.

Hearth, a software platform for home improvement professionals, announced today that it has launched a new financial services product, Hearth Banking. Hearth Banking is the first cash-back banking account designed specifically to help home improvement businesses get paid faster. 

Future FinTech Group Inc., a blockchain application technology developer and fintech service provider, announced that Future FinTech Labs ("FTFT Labs"), a wholly subsidiary of the Company, has teamed up with CurrencyCloud, a subsidiary of Visa and a global payment platform that is registered with FinCen and is licensed for money transmission in various states in the US, to launch the remittance app Tempo to offer US-based immigrants and others a streamlined, secure and cost-effec

UK-based InsurTech Stubben Edge Group (the Company) has secured a further £5.6m in investment following an over-subscribed £10 million round in September last year. Cornerstone investors include a number of Lloyd’s Names, Nigel Wray, Dowgate Wealth, family offices, institutional investors and other HNW investors.

Financial services, like many other aspects of the global economy, have been profoundly influenced by the pandemic and the war happening in Ukraine. Since then, FinTechs had to learn how to lead the financial services sector in a period of severe challenges. FinTech has been a key booster of digital payments as consumers have quickly moved towards contactless payments and online shopping. Now we are facing the times when the recession and other aspects like the pandemic started affecting FinTechs.

Kroll, the leading independent provider of global risk and financial advisory solutions, today announced its report Cyber Risk and CFOs: Over-Confidence is Costly which found chief financial officers (CFOs) to be woefully in the dark regarding cyber security, despite confidence in their company’s ability to respond to an incident.

Strong Customer Authentication for all online transactions exceeding £25 was introduced in the UK in March. And it’s about more than just mitigating fraud.

73% of UK retailers have a solution in place to comply with Strong Customer Authentication (SCA) rules, which came into effect in March 2022.

Adyen, the global financial technology platform of choice for leading businesses, today announced the expansion of Real-Time Visa Account Updater (VAU) to Europe.