October 27, 2023 BY Elizabeth Anderson

Poland's Bank Millennium issues statement on quarterly mortgage target

Currently, the Polish borrowers who had chosen mortgages denominated in foreign currencies, primarily Swiss francs, attracted by the promise of lower interest rates, face a financial predicament. The subsequent appreciation of the Swiss franc against the Polish zloty, coupled with interest rate hikes in Switzerland, has placed borrowers in the damaging position of managing larger-than-expected…

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October 27, 2023 BY Elizabeth Anderson

£20m funding may give Railsr a new lease on life

Running the report, Sky News Business indicated that Railsr, the trading name of Embedded Finance, will soon announce that it made a deal with investors to raise £19.8m. The money mainly comes from existing investors, including well-knowns such as D Squared Capital and Moneta Venture Capital. Those rooting for the success of the company regard…

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October 26, 2023 BY Elizabeth Anderson

UniCredit beefs up Buddybank mobile app for digital banking

At present, traditional banks use mainframes with outdated programming languages. Not only does this create potential technological pitfalls, but it also makes it a challenge to hire younger employees who are qualified and equipped with recent knowledge and experience. Approximately 410,000 customers, who are mostly new to UniCredit, use the Buddybank service. All the institution’s…

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Tickmill
October 26, 2023 BY Elizabeth Anderson

A New Benchmark in Client Funds Protection: Tickmill Secures $1,000,000 Client Fund Insurance with Lloyd's

  While Tickmill has always been at the forefront of safeguarding client assets, this latest initiative introduces an additional layer of protection, one that sets it apart from many brokers in the market. The insurance policy, brokered with the prestigious Lloyd's, is a testament to Tickmill's dedication to its clients' funds protection. Tickmill already has…

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October 25, 2023 BY Elizabeth Anderson

US Dollar pulls back after rocky week outlook

The dollar index, which measures the US currency against its major peers, was bolstered by the Euro's decline, marking a 0.33% uptick to 105.95, recovering from an earlier dip to 105.35, the lowest since September 222. On the other hand, the Euro's performance was not as robust, with a noted rise of only 0.47% to…

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October 25, 2023 BY Elizabeth Anderson

Adyen battles to keep above water as founders lose $2bn

Often described as a pandemic champ and worthy competitor to digital payment giants such as PayPal (PYPL) and Stripe, Adyen suffered the brunt of this decline in August. After reporting an all-time low in revenue growth, investors baulked, expunging $20bn in market value. The founding duo’s 3% stake in the company currently carries a value…

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October 24, 2023 BY Elizabeth Anderson

Revolut adds European stocks to platform

Rolandas Juteika, Head of Wealth and Trading (EEA), noted that the FinTech company works continuously to make investing and trading accessible to all members of society. Juteika stated: We want to bring our customers easy access to companies that are closer to them. From Adidas to Zalando, our customers can now invest in well-known European…

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