As a fund with access to 355 venture capital funds the European Investment Fund (EIF) was able to analyze European venture capital activity from 1996 to 2015 in their new report; the report points out that new funds performed almost as well as seasoned funds in selecting winners when economic times were good; on the contrary when economic times are not as fruitful the skilled venture capitalists were better at picking companies and avoiding big losses; the big takeaway from the report is that the real skill involves avoiding the big disaster investment in tough economic times. Source
Lloyds Bank is testing biometric authentication technology for its online banking customers; the development is centered around the use of Microsoft's Windows Hello which has fingerprint and facial recognition capabilities and can be used with Windows 10 devices. Source
The company is estimating a full year loss and its CEO has resigned; it is also being investigated by the FCA and cutting its dividend; the surprise estimates and regulatory investigation are key factors influencing the stock market losses; the company serves 2.4 million customers through a door to door lending process with a focus on the underbanked. Source
A former digital banking executive from Lloyds Bank provides his criteria for the perfect digital bank; first, payments functionality should...
Speaking at an event in London today the CFO of OakNorth, Cristina Alba Ochoa, said that her company plans to...
Green Dot Eyes Banking-As-A-Service, Gen Z To Build On Q4 Growth $650 billion asset manager Franklin Templeton is embedding data...
The UK government confirms that BNPL lenders will be required to carry out affordability checks with BNPL products to be FCA approved...
A new report titled “Whose Customer are you? The reality of digital banking” by Temenos shares that a majority of...
Another busy news week in fintech with Apple causing quite a stir on the BNPL front. We also had big news from PayPal, the U.S. Senate, Custodia Bank, Checkout.com and more.
According to the European Commission, only about 60% of the EU population in 14 member states can use their national eID cross-border.