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French startup, Stoïk, a rapidly-growing InsurTech company, has recently announced its plans to expand into Germany, marking it as their second operational country. The new German team will be led by Franziska Geier.
Germany-based RegTech Hawk AI, which provides AML and fraud prevention technology to banks and payments companies, has secured $17m in its Series B.
German antitrust watchdog the Federal Cartel Office (FCO) has begun an investigation into PayPal to examine whether it is using its power to restrict market competition.
Open banking maturity is growing across Europe, with the UK leading the charge for the second consecutive year, research from Yapily claims.
Canada-based quantum-safe cybersecurity product developer evolutionQ has raised $5.5m in its Series A funding round.
Germany digital bank N26 has been issued a €4.5m fine from the Federal Financial Supervisory Authority (BaFin) for its delay in submitting reports around AML.
Digital identification technology developer WebID has received a majority investment from AnaCap, a mid-market private equity firm.