back Back

6 major FinTech partnerships in Europe in September 2023

By Gloria Methri

October 03, 2023

  • Alliance
  • Delubac & Cie
  • Deutsche Bank
Share

Mergers, Acquisitions, Partnerships, Alliance, FinTech, EuropeFinancial technology or FinTech is a term used to describe financial services that are predominantly technology-driven or apply technology to improve financial services. FinTech influences different sectors and industries such as education, retail banking, fundraising and nonprofit, and investment management, to name a few.

In recent times, FinTech innovations have disrupted traditional trading, banking, financial advice, and products. Financial products and services that were once the realm of branches, salespeople, and desktops are now more commonly found on mobile devices. This is facilitated by partnerships between banks or financial institutions and technology vendors around the world.

Let’s look at six such partnerships announced in Europe in the month of September 2023.

Banque Delubac & Cie, an independent financial institution offering specialist banking services, has launched its instant payments offering with Finastra Payments To Go.

With the SaaS solution implemented, the bank can provide other institutions with access to Europe’s TARGET Instant Payments Settlements (TIPS), while future-proofing its business to respond quickly to changing demands.

Taurus, a Geneva-based digital asset technology provider, has signed a global partnership agreement with Deutsche Bank. As part of the collaboration, the bank will integrate Taurus’ technology to establish digital asset custody and tokenization services.

Earlier this year, Deutsche Bank also participated in Taurus’ $65 million Series B funding round alongside Credit Suisse, Pictet Group, and Arab Bank Switzerland.

Italy’s Intesa Sanpaolo has partnered with PayTech Nexi for the launch of SoftPOS, an innovative solution that allows merchants to receive contactless payments from their customers using Android devices.

SoftPOS is an app that the merchant can associate with a device in a few simple and secure steps. It also sends digital receipts directly to the customer. The new product developed by Nexi will now be available as a preview for Intesa Sanpaolo customers.

Romania’s Libra Internet Bank is modernising its payment capabilities using Temenos Payments to facilitate ISO 20022 cross-border payments and reporting (Swift CBPR+) on the Swift network.

Libra will leverage Temenos’ platform to add other payment rails in the future, bringing them together in a single platform. The platform will support the new ISO20022-based cross-border payment and reporting standards, expanding data transparency and payment tracking services.

Lloyds Bank has partnered with Fiserv to widely offer wholesale FX rates to UK and European merchants for dynamic currency conversion (DCC) on card transactions. DDC enables consumers paying for purchases to see the cost in their local currency, regardless of which currency the merchant uses to display prices.

UK businesses using a range of products from Lloyds Bank Cardnet, and European businesses on the Carat global commerce platform from Fiserv, will be able to access the Lloyds Bank wholesale FX rate for dynamic currency conversion of card transactions, market risk management and timely settlement services.

Saxo Bank and Mastercard have partnered to implement open banking payments in the bank’s investment platforms, making it seamless for customers to transfer money into their investment accounts. Saxo Bank customers will no longer need to log in to a separate bank account to initiate a manual transfer into their investment account.

Customers in Denmark can now top up their investment accounts using Mastercard’s open banking technology. The payments feature is set to be rolled out across additional European markets as a next step.

ALSO READ: Global Digital Banking Vendor & Landscape Report Q2 2023

Previous Article

October 03, 2023

Dubai Islamic Bank taps HPE GreenLake to modernise core Banking platform

Read More
Next Article

October 03, 2023

YES BANK & BriskPe to deliver cross-border payments for Indian MSMEs

Read More









IBSi Daily News Analysis

islamic finance, fintech

November 28, 2023

Alliance

A $4 trillion Islamic banking market to be driven by FinTech, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Genio Diligence joins Mia-Platform Partner Network

Read More

Today

DIGISEQ and Infineon launch pre-certified concentric ring inlay

Read More

Today

Bluefin & ID TECH team to boost payment security with AES encryption

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2023

£1,500.00 / year

Know More
Next-Gen Debt Collection Systems Growing Importance of Collections Q4 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023