N26 said they are furloughing 10 percent of their staff, cutting back on advertising spending and reconsidering their planned launch...
London has a new personal finance fintech in the shape of MoneyBoss, which promises to provide a “fun and interactive” wealth building platform.
Kontomatik shares how easy it is to start a lending company with the help of data via banking APIs. Source
Aviva purchased a majority stake in robo-advisor Wealthify only 18 months after their head of retirement solutions criticized automated advice; Wealthify will sit alongside other Aviva products and services through the insurer’s digital hub, MyAviva; the insurer sees this as another important step in their digital strategy. Source
Binance has announced a new $500 million lending facility to support struggling public and private bitcoin miners.
Deepki grabs $166 million to help real estate investors reduce carbon emissions...
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
Early last year UK online lender Zopa closed the platform to new investors, they have now re-opened it; investors will be able to invest in both the Core and Plus products, with and without the IFISA; last week Zopa also announced for the first time since 2015 they were raising target investor rates to 4 percent for Core and 4.6 percent for Plus. Source.
Ally Financial Teams Up With Better.com to Create End-to-End Digital Mortgage Experience Bankin’ Raises €20M in Series B Funding As...
Zopa was granted a preliminary banking license late last year but they are yet to launch their new bank; speaking...