German FinTech Startup Number26 Brings Borderless Banking To Europe
Bringing the concept of borderless banking to mainstream consumers sounds like a proper use case for blockchain technology. But at the same time, a German FinTech startup is looking to provide exactly that service without using the blockchain. Number26 has quite the ambitious plan, although their service recently expanded to six additional European countries. As one would come to expect from a FinTech startup tackling the banking ecosystem, Number26 is focusing all of their attention on the mobile experience. As a result, customers can open a bank account – linked to a MasterCard – from....
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With the banking license, this will give N26 the ability to access the entire EU instead of the handful of countries it originally operated in, as an EU licensed bank. Originally, they relied on Wirecard, a German banking platform. Launching its app back in 2015, N26 or formerly NUMBER26 has around 200,000 users on its mobile banking app for them to be able to open bank accounts, transfer and even deposit/withdraw using an ATM or CASH26 locations. Adding features. Valentin Stalf, founder and CEO of N26 states: “This [banking license] will allow us to significantly enhance the diversity of....
PwC begins its first fintech Startup Collider cohort for European companies. In the wake of emerging FinTech startups based out of London, Europe is now marking a solid footmark in the global finance industry. Now, PricewaterhouseCoopers (PwC), a renowned professional services firm, is going to further boost the sector with its Startup Collider accelerator program. PwC’s Startup Collider accelerator program is focused towards startups working on fintech and fintech-related blockchain solutions in Central and Eastern Europe. The three-month long program officially kicked off on Monday for....
Frankfurt is set to become a disruptor in Berlin’s plans of becoming Europe’s and Germany’s FinTech hub as Frankfurt sets its sights on beating Berlin to the podium. A recently launched project known as TechQuartier in Frankfurt brings together 120 founders of FinTech companies to share ideas. According to The Local, a German news site, the project reflects how the banking world in the city is attempting to play catch up in the growing sector. Of course, while Frankfurt may be riding the wave that is seeing more startups in the city, it’s reported that most founders of companies will....
The German fintech sector expected to outperform other countries in the coming years. The European financial sector is witnessing a tectonic shift resulting in the relocation of continent’s fintech hub. Until now, London has been the financial hub of the entire continent. The United Kingdom boasted of housing some of the best fintech companies developing cutting edge products. However, Brexit has poured water over the country’s big plans. With Britain’s eventual exit from the European Union, the focus of fintech market has shifted from London to Berlin. The change is evident in the German....
Innovate Finance is planning to open another facility for Blockchain tech and fintech related research. London is the financial capital of Europe, while The number of fintech companies in London is gradually increasing. Also, special thanks should go to the digital currency community and their constant research in the fintech sector that is contributing to London's fame as well. Innovate Finance is a collaborative initiative between the government and various financial technology companies. These companies include conventional finance and banking companies as well as bitcoin and other....