HSBC has moved 3000 members of its staff into a new building and are viewing this digital group differently than their core suit-and-tie employees; the bank believes separating them out will better help to fuel new innovative ideas; HSBC CEO Stuart Gulliver said, "To survive for 150 years we've had to evolve. Most of the risk we've dealt with is political. Actually what's happening in the digital space is there is a threat, particularly to retail banking... in payments, in wealth management." Source
Lawmakers will make a final call on banning Bitcoin-style validation and consider how to treat decentralized finance.
Julius Baer has agreed to sell Wergen & Partner Wealth Management to its management, the Swiss private bank said on Monday.
In an interview with AltFi the CEO of Zopa, Jaidev Janardana, gave some insight into how the company is thinking...
Co-Founder of Solana, Anatoly Yakovenko, announced the launch of Saga, an Android Web3-based smartphone and SMS software kit.
In looking for a new CFO the company posted an ad stating that the new officer would help to lead the company through an IPO in 3 to 4 years; Monzo has recently raised capital and talked about global expansion into Asia and the US; the UK based digital bank has also stated they are launching new products in 2018. Source.
The EU has agreed on new landmark rules to regulate the cryptocurrency market, making it the most comprehensive regulatory framework in the world
TrueLayer is a three year old startup based in London which is focused on providing open banking software; Tencent Holdings...
StepChange partnered with Barclays to urge the government to proceed at pace with regulating Buy Now Pay Later (BNPL).
Skinner shares some of the headlines by mainstream media as Open Banking officially launched in the UK; many were negative and included how consumers should fear the changes; not surprisingly the fintech community are strong advocates of Open Banking; Skinner shares his perspective on these two sides battling, the mainstream banks and mainstream media, and the fintech community and more niche media. Source