The Financial Conduct Authority's Director of Strategy and Competition Christopher Woolard has reported some concerns over fintech regulations globally; in a speech at the Innovate Finance Global Summit in London, Woolard specifically discusses fintech sandboxes noting concerns about establishing them before any government regulatory standards are in place and suggesting that countries institute some guidance before introducing sandbox initiatives; the UK has been a leader in sandbox innovation and the country plans to publish a full report in May on its first sandbox initiative. Source
Transact365, a UK-headquartered payments platform supporting merchants across the world, has recorded 300% YoY growth.
The Cambridge Centre for Alternative Finance has become the leading institution globally focused on studying the alternative finance industry and...
Financial exclusion is a global problem, through strategic design and implementation, could CBDCs be the solution?
On March 30, banking investor Cross River announced a funding round of $620 million, co-led by Andressen Horowitz and Eldridge Capital.
The company has launched two offerings: ‘pay in 5’ for purchases between £1 and £500, and ‘Pay in 12’, for purchases between £500 and £3,000.
Downtown Montreal In recent weeks, Canadian fintech companies have made major splashes in the world market. In the sphere of acquisitions, lending, funding, products and even digital assets, multiple Canadian cities and the companies that call them home have gained a reputation for being a focal point in fintech progression. Cities like Vancouver, Toronto, and...
Wirecard has announced that an external law firm is investigating accounting manipulations by a member of the company’s finance team...
P2P-Banking has launched an IFISA database to help UK investors compare IFISA providers; investors can filter search criteria by interest rate, term, loan type, minimum investment, account transfers and promotions among other criteria; the focus of the service is on P2P lending IFISAs however the database also includes other types of IFISA investment options. Source
Here are the most read news stories from our daily newsletter today: PitchIt Podcast #23: Tolga Tezel of Canopy Connect...