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German FinTech N26 Eyes IPO With Hiring Of New CFO

PYMNTS

German neobank N26 hired Dr. Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Its most recent valuation was $3.5

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FSB Says Higher Bank Capital Requirements Will Remain

PYMNTS

Europe’s Financial Stability Board ( FSB ) said on Friday (June 7) that higher bank capital requirements, which were put on the books during the financial crisis, will remain. When the banks were required to increase their capital in 2010, they argued it would hurt their ability to keep up their lending pace.

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FSB Says Higher Bank Capital Requirements Will Remain

PYMNTS

Europe’s Financial Stability Board said Friday (June 7) that higher bank capital requirements put on the books during the financial crisis will remain. When the banks were required to increase their capital back in 2010 they argued it would hurt their ability to keep up their lending pace. In January the U.K.

Capital 100
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AltFin Shines As Investor Interest In B2B FinTech Continues

PYMNTS

Toward the start of 2018, analysts began to highlight the potential for venture capital (VC) to embrace the B2B business model. and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend.

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Creative Group FinTech Lands $25M To Expand Into 30 Countries

PYMNTS

Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as to send cross-border credit remittances. With the growth capital they invest, we are able to further accelerate our growth internationally. We are excited to have Prime Ventures on board.

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Today In Data: Kiosks, Equifax And FinTech VC All See Growth

PYMNTS

Today in PYMNTS data, the kiosk market is seeing continued growth and proliferation, the Equifax breach impacted more U.S. Today in PYMNTS data, the kiosk market is seeing continued growth and proliferation, the Equifax breach impacted more U.S. million | Number of U.S. million from original estimates.

Data 101
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Marqeta Expanding Overseas, Sets Up Shop In The UK

PYMNTS

and the rest of Europe are attractive markets for Marqeta because of the growing number of digital-only banks and FinTech startups located in Europe. “We These FinTechs are acquiring more market share in the U.K. has been a hotbed of new entrants in the banking and payments industry. According to the data, U.K.

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