back Back

Top 5 FinTech deals of December 2020 (UK & Europe version)

By Megha Bhattacharya

December 31, 2020

  • Alpian
  • Europe

FinTech, Singapore, financial technologyThe COVID-19 pandemic has accelerated the process of digitalisation for the financial services industry. Amidst the unprecedented market volatility, the industry’s appetite for digital technology has been on the rise. This is continuously being illustrated by some significant deals undertaken by FinTech companies.

Check out the top FinTech deals that took place in December 2020 (UK & Europe) :

  1. Plaid and Curve

California-based FinTech Plaid recently announced that it has teamed up with Curve in a bid to offer UK customers with a comprehensive knowledge of their finances, spending and ways to improve their overall financial wellbeing.

Plaid’s technology is expected to enable Curve’s customers to connect their payment accounts to UK-based financial institutions. The UK FinTech will also provide real-time account balances for every linked credit and debit card, which will automatically be refreshed upon signing into the app.

Curve consolidates users’ entire physical wallet (debit, credit and loyalty cards) into a smart card and app. It offers other benefits including spending notifications and categorisation, plus the ability to earn instant 1% cash back at the likes of Amazon, Uber, Netflix, Sainsbury’s, and Tesco.

  1. Temenos and Alpian

Temenos announced that Alpian SA has selected its Temenos Transact, core banking and Temenos Payments delivered as SaaS for enhancing its digital private banking and wealth management services in Switzerland. According to Temenos, the SaaS technology will enable Alpian to launch its new bank and banking services focused on the mass affluent (those with investible assets of between CHF 100k – 1 million).

Alpian, with Temenos‘ technology, aims to offer stability, security and personal care of Swiss private banking to a wider spectrum of clients through an open and responsive state-of-the-art digital platform. Temenos Payments aims to reduce time to market for the digital bank’s payment services and allow it to offer secure traditional and instant payments compliant with the latest IS20022 and PSD2 regulations.

The collaboration will allow the bank’s customers to access and manage their money via a single multi-currency bank account for Swiss Francs and Euros.

  1. Ebury and Fenergo

Client Lifecycle Management solutions provider, Fenergo has announced that UK FinTech Ebury will be deploying the former’s CLM solution. Fenergo is expected to enable the FinTech to automate regulatory compliance and speed up client onboarding.

According to Fenergo, it will integrate with Ebury’s Salesforce CRM solution with an aim to digitalise and enhance the end-to-end customer journey. The UK FinTech will be able to manage its KYC and AML regulatory processes on a single platform.

Ebury will benefit from the CLM provider’s community-based approach to product development. The FinTech joins the company’s roster of FinTech clients.

  1. Paysafe and Microsoft

UK-based payments platform Paysafe has extended its relationship with Microsoft. The company aims to offer an online cash payment option to Microsoft customers by enabling paysafecard as a payment option in Microsoft Store in 22 countries across Europe. The collaboration will see the addition of new countries as well as extend paysafecard’s availability to purchases on the Xbox game console.

paysafecard enables consumers to use cash to shop for goods and services online. Customers, via the ‘my paysafecard’ account, have the option to combine credit balances. The collaboration integrates paysafecard as a payment option for individual purchases of digital consumer goods available through Microsoft Store and and is now available in the following 22 countries: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Switzerland and the UK.

  1. TransferGo and Mastercard

FinTech TransferGo and Mastercard have teamed up for facilitating international money transfers for customers across 20 European countries. The transfers can be made from any payment card or bank account directly to a Mastercard debit or credit card. TransferGo customers can now transfer money in real-time to Mastercard cardholders in 20 countries including Austria, Bulgaria, Czech Republic, Denmark, Estonia, Germany, Greece, Hungary, Latvia, Lithuania, Poland, Portugal, Romania, Russian Federation, Slovakia, Spain, Sweden, Turkey, Ukraine and the United Kingdom.

Mastercard’s Send enables near real-time payment transfers to and from cards, banks and digital accounts around the world. The company’s security tools and capabilities aim to offer an additional layer of security for the management of regulatory, financial and fraud risks.

Previous Article

December 31, 2020

OKEx officially introduces OKExChain to the mainnet

Read More
Next Article

December 31, 2020

Telos unveils T-Bonds, a fusion of DeFi and NFTs for unlocking liquidity

Read More

IBSi Daily News Analysis


June 20, 2024


Why predictive AI is a critical necessity in the field of cybersecurity

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

June 20, 2024

4 Open Banking platforms shaping the future of financial data in the US

Read More

June 20, 2024

TerraPay & Thredd to power virtual card payments for the travel industry

Read More

June 20, 2024

Mexican FinTech unicorn Clip secures $100m investment

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

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