Sberbank, Russia’s largest bank and the 33rd-biggest on earth, has made a huge pivot to tech, as it bids to revamp its image for the digital age. Today the Moscow-headquartered firm inaugurated…
Deutsche Bank Ponders Tata Consultancy Tech Sale
Deutsche Bank is in talks to sell one of its major technology units to Tata Consultancy Services Ltd, a Mumbai-based conglomerate, according to a report by Bloomberg. Postbank Systems AG, a Bonn-based…
Upstart Banking App Varo Money Secures $241m Round
Mobile-only bank Varo Money has raised a $241 million Series D funding round. Gallatin Point Capital and The Rise Fund helped back the deal, which the San Francisco-headquartered firm says will help…
Fintech Platform Meniga Wins $9.4m Round
Iceland-born finance startup Meniga has closed an €8.5 million ($9.4m) funding round, as it researches additions to its current suite of digital banking solutions. The company, headquartered in London, has now raised…
Malta’s Government: “Our Next Step is Blockchain”
Red Herring recently reported on the small but burgeoning tech scene evolving in Malta, one of Europe’s smallest nations. Keith Abela, of the country’s financial services, digital economy and innovation secretariat outlines Malta’s…
Revolut: Speed, Efficiency and Scale for a Fintech Heavyweight
London-based fintech firm Revolut has emerged as a heavyweight of the European scene. The company, which pledges to offer pre-paid card customers real-time exchange rates and low-cost money transfers, closed a $5.3…
Meniga CEO Georg Ludviksson: “Banks Really Could Lose Their Number One Spot”
In 2008, just as the financial world was imploding, Georg Ludviksson took a job at Glitnir Bank in his home country, Iceland. On day three the bank failed. Ludviksson saw an opportunity.…