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Credit Suisse and ING Complete $30 Million Securities Transaction on Blockchain Platform

Bank Innovation

Credit Suisse Group and Dutch bank ING Groep NV today announced they successfully completed a €25 million ($30.48 million) securities lending transaction using blockchain-based software created by blockchain consortium R3.

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Fintech Adyen’s Shares Jump as Sales Beat Estimates

Bank Innovation

Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. The Dutch company, which processes payments for Netflix Inc., and Spotify Technology SA, posted €192.5 million ($219 million) in net revenue for the six months ended December.

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Takeaway Says Just Eat Takeover Is A Done Deal, Approval Pending

PYMNTS

10 in its all-stock offer for Just Eat, which came out ahead of a competing Prosus NV cash bid. billion deal earlier in January, over the competing bid by Prosus NV. The Dutch firm said shares in the joined company would start trading on Feb. 3 on the London Stock Exchange, Reuters reported. Takeaway noted victory on Jan.

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Adyen gets UK banking license after temporary approval

BankInovation

Adyen NV has won approval for a UK banking license, replacing its temporary post-Brexit permission to offer embedded finance and other payments services. The Dutch company said the Financial Conduct Authority’s authorization allows it to continue operations in its UK branch.

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UBS gets a dose of digital disruption in CEO’s first major move

BankInovation

Coming from ING Groep NV, the Dutch lender he’s credited with transforming, the Dutchman’s mission statement is to pull […]. UBS Group AG has become an investor favorite in recent years as a reliable beacon of profitability.

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Wirecard Catches A $1.8M Break From Lenders

PYMNTS

As many as 15 lenders are assessing the extent of potential losses, including ABN Amro Bank NV, Commerzbank AG and ING Groep NV, who have loaned Wirecard 1.6 -based financial consulting firm, is monitoring whether Wirecard has met the loan terms, and lenders are reviewing documents and talking with Visa Inc. and Mastercard Inc.

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PayU's India unit seeks IPO within next 12 months

The Paypers

The Indian unit of Prosus NV’s PayU financial technology firm has stated it is seeking an initial public offering within the next 12 months.

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