Fintech Futures: The 5 News that Could Affect Italy

In the global world of finance, there are 5 updates that will somehow impact Italy as well. Here they are:

Worldline collaborates with Crédit Agricole to create a “significant payment player” in France.
Global Playtech Worldline has entered into a partnership with retail bank Crédit Agricole to establish a new joint payment company in France. The joint venture is expected to be operational by 2025 and will leverage Crédit Agricole’s merchant acquiring area, distribution network, and knowledge of the French market, as well as Worldline’s global payment capabilities for in-store and online transactions.

Goldman Sachs is evaluating the potential sale of BNPL fintech GreenSky.
US banking giant Goldman Sachs is exploring the sale of its recently acquired fintech unit, GreenSky.

PRA fines former TSB CIO.
The UK’s Prudential Regulatory Authority (PRA) has fined former TSB Bank Chief Information Officer (CIO) Carlos Abarca for breaching its senior manager conduct rules, totaling £48.6 million.

Blockchain infrastructure platform Paxos is withdrawing from Canada.
Fintech Paxos, a New York-based blockchain infrastructure platform, is withdrawing from Canada due to regulatory uncertainty. Customers with balances will be closed on May 9, while from June 2, customers will no longer be able to transact from their Paxos accounts, except for withdrawing funds.

SME Finance secures a €100 million credit line from London’s Fasanara Capital.
Lithuanian debt financing company SME Finance has secured a €100 million credit line from London’s Fasanara Capital. This latest funding brings Fasanara’s total commitment to €240 million.


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