npeu Report: Companies Rush to File IPOs Amid Looming Government Shutdown

[ThonaserCap]

Mflc Plate IQ Introduces Commercial Card With Expense Management
European neobank Bunq has applied to bring its business to digital nomads in the U.S.The company announced Wednesday April 4 that it had applied for a New York banking license with the Federal Depo stanley nz sit Insurance Corp. FDIC .After nearly a decade of operating in Europe, Bunq wants to target a community of almost 5 million digital nomads 鈥?expats, international entrepreneurs, and professionals working remotely 鈥?who are EU or US citizens with deep ties on both sides of the Atlantic, the company said in a news release.Launched in 2012, Bunq is the second largest neobank in the European Union EU next to Revolut, a status it achieved last year following the acquisition of Belgian FinTech TriCount, which brought the company 5.4 million new users. Now, the company said it is hoping to reach the 4.9 million EU ex-patriots living in the U.S. As more and more Europeans are met with complexity and lack of transparency when it comes to access to financial services in America, Bunq is poised to give its users in the US a product tailored to their wants and needs, the release said.As PYMNTS wrote in February, Bunqs reach has expanded beyond its native Netherlands and is now available in every EU country, along with Norway and Iceland.However, tha stanley cup t report notes that while companies like Rev stanley cupe olut and Bunq have expanded across the continent, turning users into sustainable revenues has been difficult.As noted here, under 10% of consumers use FinTechs as their primary bank account, and Jhxr Payday Loans Capped In The UK
The Royal Bank of Scotland confirmed that the 600,000 credit and debit transactions that were held up early last week due to a payments failure have now been proces stanley quencher sed correctly, Bloomberg reported late last week. The issues customers w gourde stanley ere experiencing in relation to delayed credits and debits have now been resolved, and accounts have been updated, the government-owned bank said in a statement Friday June 19 . We are extremely sorry for the inconvenience and distress that this has caused our customers. If any customers are still experiencing issues, please contact our call centers or come into a branch where our staff are ready to help, the bank added. We will continue our work to make sure that no customer will be left out of pocket as a result of this issue. But this is not the first time RBS has landed itself in hot water with both customers and regulators.The bank reported the hundreds of thousands of transfers went missing due to a computer system stanley kaufen failure, which closely resembled the cause of its other major IT meltdown in 2012. Just last year the bank was fined $87 million for the earlier fiasco, which locked millions of customers out of accounts and knocked out payments processing systems.Shortly after being slapped with that fine, the bank experienced yet another glitch leaving many customers credit and debit cards totally disabled. RBS and other banks have told us that they are now investing heavily in systems on which their customers will be able to rely. Even