Riverty Establishes Bank in Luxembourg
8 Articles
8 Articles
Riverty Establishes Bank in Luxembourg
Fintech granted EU CRR banking licence after a 10-month application processRiverty transforms its Payment and Credit business from a PSD2 payment institution into a fully licensed bankBank to begin operations in July, serving more than 1,800 merchants and approximately 25…
After almost a year, the fintech division of Bertelsmann subsidiary Arvato Group received the appropriate license and authorizations to set up its offices in Kirchberg.
The German Fintech receives the necessary license to settle at the Luxembourg banking centre.
Bertelsmann's fintech Riverty has received an EU CRR banking license after a roughly ten-month regulatory approval process and will officially commence banking operations in Luxembourg in July 2026. This transforms the company's existing business model from a PSD2-regulated payment institution to a fully licensed European bank. The new banking structure is primarily intended to offer integrated banking services to merchants… The article "Riverty…
Bertelsbank: Payment service provider Riverty from Bertelsmann has received a bank license in Luxembourg, reports the "manager magazine". Fintech wants to introduce various credit products in the future and sees itself as a counter-project to the Swedish provider Klarna. Bertelsmann provides a three-digit million-euro equity for the project. Bertelsmann's board member Carsten Coesfeld (photo) is responsible for Riverty, who sees the bank license…
The media group Bertelsmann starts its own bank with its Fintech subsidiary Riverty. Patriarchenkel and board member Carsten Coesfeld hopes for a growth driver for the own service business. In the Bertelsmann-Reich Riverty closes to companies like the TV station RTL or the music company BMG - already the company name is largely unknown. The Fintech subsidiary of the media group works together with large online shops such as the fashion dealer As…
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