Easy Payment Gateway, a payment and fraud gateway, has just closed an investment round of six million euros. This is the third round closed by the startup, which defines itself as a platform for managing and configuring all means of payment of a company, as well as all fraud tools.
In the first quarter of 2017, European startups in the fintech sector received 667M from venture capital, which is now almost 60% of the amount raised in the whole of 2016. Among the reasons for this growth are the support being given to early-stage fintech companies in the UK and changes to online payments across the EU.
The use of big data in the banking sector has numerous applications, such as being able to offer customers solutions that adapt to their needs, predict customer behaviour, detect the possibility of fraud, etc. BBVA has realised the importance of big data for its sector and is investing in this area.
BBVA continues to believe that a technological renovation of the banking industry is necessary to be able to face the new business models in the financial sector, although for the moment the results of its investees are not being satisfactory. Proof of this is that in February this year it expanded its fund to invest in fintech to $250M, has carried out 4 operations so far this year and has announced that it intends to invest in Latin America in a short period of time.