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Amazon’s Plan To Enter UK Car Market Causes Problems For Britain’s Auto Sites

PYMNTS

online auto sales market after a current test run in Italy has unnerved shareholders of Britain’s biggest auto dealer websites. According to Bloomberg Markets , the news that Amazon might be selling vehicles in the U.K. While Auto Trader’s market position in the U.K. News of Amazon ’s plan to enter the U.K. to Alphabet, Inc.

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Fintech Adyen’s Shares Jump as Sales Beat Estimates

Bank Innovation

Adyen NV reported a 54% rise in second-half net revenue, beating analysts’ estimates as the fintech darling continues to deliver on rapid growth. The Dutch company, which processes payments for Netflix Inc., and Spotify Technology SA, posted €192.5 million ($219 million) in net revenue for the six months ended December.

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Israel Approves New Digital Bank

PYMNTS

The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV. The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades.

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Israeli Cybersecurity Firm Lands $30M To Expand Into Vehicle Protection

PYMNTS

Israel’s Upstream Security has notched $30 million in a Series B funding round led by Renault Venture Capital, Upstream announced in a press release on Monday (Oct. Upstream Security wants to leverage the software market to protect vehicles from cyber-carjacking. No company wants to be the next one that happens to.”.

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Finovate Debuts: Money Amigo Puts the Blockchain to Work for the Underbanked

Fintech Labs Insights

Its clean interface targets underserved markets by delivering simple-to-use services with a transparent fee structure. Headquartered in Las Vegas, NV. Money Amigo, which is primarily targeted toward Hispanics and students, prides itself on bringing financial services to previously ignored market segments. 7 employees.