Stefano Cravero

Tomorrow is UniCredit and Trustpair’s Webinar! 🚀 Don't miss this opportunity to gain actionable insights and strategies about fraud prevention from our experts Baptiste COLLOT - Trustpair and Giovanna G. & Luca Vanni - @Unicredit ✅ Empower your business for success in the evolving payment landscape. Register now: https://lnkd.in/eEdPxDiw #Webinar #InstantPayments #FraudPrevention #Finance #Trustpair #UniCredit

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Italian 🇮🇹 Banking App downloads from March 2023 to March 2024 reached a total of 12.01m, a 7% increase from March 2022 to March 2023. Neobanks overtook incumbent banking downloads in 2024 with a combined 6.4m during the year, bringing neobank’s downloads to a total of 29.2m. Incumbent banks saw a combined 5.6m downloads in 2024 bringing their total to 28.5m. Source: FinTech Global

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[White Paper] 🔥UniCredit and Trustpair share insights and best practices about instant payment risks in their latest white paper 📚 Fast Cash, Fast Fraud - Securing Businesses for Instant Payments. In this piece you’ll learn about: 💰The opportunities of instant payment for businesses 🥷 The threats and challenges they present 🛡️ Best practices to safeguard your processes Download the white paper right here 👉 https://lnkd.in/eBtWY5hV Giovanna G. Baptiste COLLOT Clementine Le Mière Luca Vanni #instantpayments #fraudrisks #fraudprevention

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💸 Saga has teamed up with Salt Edge to support Serbian financial institutions in falling in line with Open Banking regulatory demands, including PSD2. #ThePaypers #OpenBanking #Regulation #BankingIndustry

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Lemonway has been blocked by Banca d'Italia - Eurosistema to open new wallets in the country until further notice #Lemonway, a leading French #fintech and key partner for Italian #crowdfunding platforms, has been blocked by Banca d’Italia from opening new wallets until further notice. This unexpected restriction affects Lemonway's ability to enter into new agreements for payment services and introduce new products and services in Italy. The regulatory action impacts new customers but does not affect existing accounts or services. Founded to streamline the management of client wallets for crowdfunding platforms, Lemonway has been a significant player in the fintech sector, with ambitions to become a major European market leader. The decision by Banca d’Italia comes amid similar restrictive measures taken against other fintech companies like Qonto, primarily due to Anti Money Laundering (AML) concerns. The intervention by Banca d’Italia is poised to have substantial implications for the crowdfunding sector in Italy, where alternatives to Lemonway are limited. This regulatory hurdle comes at a time when the industry is already grappling with increased costs and reduced margins due to new European regulations. The current regulatory climate emphasizes the need for fintech companies to prioritize compliance and adapt to evolving regulatory requirements to maintain their market position and continue their growth trajectory. The startup itself informed current customer of this activity through a specific email today. The article on AziendaBanca in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

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UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people. Italy's UniCredit is the latest bank to sign up for the Mastercard Touch Card design, which is based on a system of side notches to help customers identify the right card by touch alone. Already being rolled out in Italy, some 20 million cards will be gradually introduced over the course of 2024 to all customers in the twelve countries where the bank operates. The cards are also made from recycled PVC. Alberto Palombi, head, group payment solutions, UniCredit, says: "Empowering our communities means ensuring that everyone has access to the financial tools they need. This is why we are pleased to announce the integration of notches into our cards for blind and partially sighted customers, which have also been made using certified sustainable materials. "Banks have a key role to play in shaping a better world, and this is another way that we wish to show our customers that we are there to support them." Source: https://lnkd.in/eej_ccAw Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #fintech #carddesign #cardcollection #payments #mastercard #financialinclusion #fintechindustry #fintechinnovation #financialtechnology #financialservices #fintechnews 

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European Investment Bank (EIB) lends $200 million to Italian fintech Nexi Group Italian #fintech giant #Nexi Group has secured a €220 million loan from the European Investment Bank (#EIB) to bolster digital payment innovation across Europe. This substantial funding will enable Nexi to develop and manage projects aimed at modernizing digital payments and to finance initiatives through Nexi Digital, an innovation hub created in collaboration with Reply. Led by CEO Paolo Bertoluzzo, Nexi is Europe's largest paytech company, specializing in cutting-edge digital payment solutions. The EIB funds will support Nexi's commitment to ESG objectives, including creating jobs for young people and disadvantaged areas, enhancing environmental sustainability by optimizing data centers and utilizing cloud technology, and reducing reliance on cash to prevent fraud and tax evasion. EIB Vice President Gelsomina Vigliotti remarked on the partnership, stating, "This operation represents a major step forward in the development of Europe-wide digital payment solutions." This collaboration not only underscores the importance of innovation in the fintech sector but also highlights the concerted efforts to advance digital payments and financial inclusion throughout Europe. The article on Finextra in the first comment.

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🚀 Big News! We are excited to announce our partnership with EXIMBANK (part of Intesa Sanpaolo Group) for the rollout of the innovative ASEE Open Banking Platform! With full PSD2 compliance, ASEE’s platform seamlessly connects banks and fintechs, driving the creation of cutting-edge products and solutions for customers. By harnessing the transformative power of our secure, advanced platform, EXIMBANK is set to empower fintechs and open up a world of new possibilities in Open Banking. This collaboration will unlock a range of innovative digital services and deliver an unparalleled banking experience. Together, we are paving the way for a future where innovation and collaboration redefine the financial landscape. Stay tuned for more exciting developments as we continue to shape the future of digital banking! #ASEE #EXIMBANK #OpenBanking #PSD2 #PaymentEcosystem #DigitalTransformation #Fintech #FinancialServices #Innovation

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🧀 Italian bank Credem Banca is known for its parmesan cheese-backed loans.  🐄 The regional lender, located in the cheese-rich terroir of Emilia-Romagna, stores thousands of giant parmesan wheels worth millions of euros in a warehouse it owns. 😎 Sitting on €66bn of assets, Credem proudly claims it has never lost a penny on any parmesan-backed loan. 🎯 But the bank also has a sterling reputation for sound governance and risk assessment. 🔢 The bank boasts a gross bad-loan ratio of two per cent, compared with an industry benchmark of 2.7 per cent in Italy and 2.3 per cent in Europe. Net bad loans, after accounting for provisions, make up just 0.16 per cent of Credem’s loan bank compared with one per cent in the whole banking system in Italy. 🇮🇹 Giovanni Legorano spoke with Credem's chief compliance officer Davide Morandi about the successful overhaul of its compliance function. 👀 Read more https://lnkd.in/eRcHv9jB #riskandcompliance #compliance #bankingindustry #Italy

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[White Paper ✨] More insights and best practices about tackling instant payment risks in Trustpair and UniCredit’s latest White Paper 📚 Fast Cash, Fast Fraud - Securing European Businesses for Instant Payments. In this piece you’ll learn about: 💰The opportunities for instant payment for businesses 🥷 The threats and challenges they present 🛡️ Best practices to safeguard your processes Download the white paper right here 👉 https://lnkd.in/eBtWY5hV Giovanna G. Baptiste COLLOT Clementine Le Mière Luca Vanni #instantpayments #fraudrisks #fraudprevention

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📢 We're excited to announce our launch on TikTok! 🗯 We'll be sharing financial tips and a fresh perspective on money matters. Follow UniCredit and join the conversation! 👉 Visit https://lnkd.in/dEbrsr3E 📌 #banking #Finance

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Start of consolidation among European Banks ? 🤔

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📈 There has been a rise in digital banking users worldwide. There has been a phenomenal shift in consumer mindset, about how they approach the banking platforms now. ✅ Ever since the introduction of wallet accounts, the untapped customer segments such as underserved and un-banked, found a platform to get connected to financial system. The traditional banking system is indeed sustainable and robust, but it is designed in a way that complements and works well with a specific customer segments such as salaried and business persons & entities. Wallet accounts and similar digital banking products offered a banking & e-commerce solution for untapped customer segments, with digital products and ease of use. 🔢 In a European country Italy, has reached 11.6m digital bank users with banks that are not traditional banks. And a number has been rising ever since. The customers of these non-traditional banks are usually customer personas from following professions/categories: 1. Generation Z (iGen): Students, Freelancers, Content Creators 2. Millennials (Generation Y): Freelancers, Content Creators, Shopkeepers, House hold people, Cart owners (food/fruit/vegetable sellers etc), public vehicle owners, etc) 3. Generation X: House hold people, Shopkeepers, cart owners (food/fruit/vegetable sellers, public vehicle owners, etc) ✨ Takeaways: 1. There has always been an opportunity for banking sector to capitalize on underserved and un-banked segment, but it was realized through the introduction of wallet accounts and gained recognition among masses when formalized through digital banks. 2. Economy is connected with banking & financial system of country. The more population get connected to financial system, the better business opportunities. 3. Things do not make much difference when there is a change in center (Regularized customer segments), real and good difference occur when changes happen on margins (underserved and un-banked customer segment). #Digitalbankingusers, #walletaccounts #Untappedcustomersegment #Italy

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UniCredit's €10 billion bid to acquire BancoBPM marks a significant step in European banking.🏦 The deal would solidify UniCredit's position as Italy's second-largest lender, creating a more competitive domestic powerhouse capable of handling heightened regulatory pressures and profitability challenges. This move aligns with EU encouragement for cross-border and domestic bank mergers to strengthen the sector. Earlier this year, UniCredit also acquired 7% of Commerzbank AG in Germany, signalling its ambition to diversify across the European markets. Together, these strategic moves suggest UniCredit aims to bolster market share and resilience across Europe. Across Europe, we’re seeing consolidation accelerate as banks seek scale to compete globally, reduce costs, and embrace digital transformation. From Societe Generale merging its French retail arm with Groupe Crédit du Nord to DNB and Carnegie Investment Bank’s new alliance in the Nordics, the race is on to create streamlined, resilient institutions in Europe. It's exciting to see UpSlide clients at the heart of this activity, encouraging growth rather than cuts within the industry! 📈 #MergersandAcquisitions #Banking #Finance #Europe

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Italian Unicorn Satispay Raises Another €60 Million Alberto Dalmasso, co-founder and CEO of Satispay, commented: “Once again, Satispay benefits from a perfect synergy that today is expressed through a truly strong partnership with our main investors supporting this operation – and, I would say, with all of our investors who have supported us from the beginning, consistently renewing their trust. Based on our analysis of the results achieved with a portion of the raised funds, they are now providing us with even more fuel to push harder on the growth accelerator. Being able to do this by raising funds earlier and in excess of what was strictly necessary, especially in a market context affected by sudden geopolitical shifts and a more challenging Venture Capital landscape due to interest rate trends, is a great privilege. https://lnkd.in/eH2UCMbZ Carlotta Sterlocchi Alessia Marzocchini Giovanni Ravone Davide Gabriele Croci Coline Herné Angela Maria Avino #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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BancoBPM, Gruppo BCC Iccrea, and FSI have finalised their strategic partnership, creating Numia S.p.A., now Italy's second-largest player in the e-payments sector, holding over 10% market share. With a €100 billion annual transaction volume, this joint venture positions Numia as a key competitor to Nexi Group. 💬 "The partnership is an additional and essential channel for us to develop and diversify our revenue sources," says Giuseppe Castagna, CEO of Banco BPM. Will Numia’s 8 million cards and 400,000 #POS terminals disrupt the #digital #payments space further? And how will it reshape competition across #Europe? Read more ⬇️ https://lnkd.in/enKbAg_h #Fintech #PayTech #DigitalPayments #EPaymants #PaymentsInnovation #CFO #CIO #BankingTech

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Since 2017 the #FintechChannel has been a point of contact through which startups, companies, banking and financial intermediaries which aim at developing innovative solutions in the area of financial and payment services can dialogue with #Bankitalia. Through the Fintech Channel, Bank of Italy replies to questions on interpretation of the regulatory framework, comparison of market trends, multidisciplinary insights, and opportunities related to #MilanoHub and #Regulatory #Sandbox innovation channels. #Bankitalia #FintechChannel can count on a dedicated team composed of experts in economics, finance, insurance, technology, law and regulation. This team, with whom you quickly get in touch, performs cross-cutting analyses and provides the required answers. #FintechChannel since 2017 has already supported more than 170 entities by offering: 🗨️ An informal dialogue 💻 Support for digital evolution. 📃 Regulatory guidance Learn more at our website 👉 https://bit.ly/3TNjdXO

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