The popularity of crypto is rising. Stablecoins have presented a significant opportunity for settlement, but how should banks respond?
The P2P Global Investments Fund has assets under management of GBP833 million ($1.07 billion) and reported an increase of 0.55% in its March NAV; total NAV return for Q1 2017 was 1.18% and the Fund has decreased its discount to 15%; the Fund has been continuously evolving its strategy and is also reviewing its investment manager. Source
Monzo has received a full banking license from the Bank of England's Prudential Regulation Authority and the Financial Conduct Authority; the licensing follows new fundraising that meets the banking capital requirements; it now plans to launch a current account and a current account overdraft product. Source
The Funding Circle SME Income investment trust was launched in 2015 to invest in Funding Circle loans originated in the...
Balderton Capital is best known for their fintech investments in Nutmeg, Revolut, Crowdcuve and Prodigy Finance; the firm has now launched their sixth fund totaling $375 million from investors in Europe, Asia and the US; they have made 10 investments across five countries since March. Source
Munich-based robo-advisor Scalable Capital has closed a Series D investment round of €50 million ($58 million) at a post-money valuation...
The new Financial Services and Markets Bill, announced in the Queen's speech, is designed to shore up the country’s cash infrastructure for the long term.
Steven, the Swedish expense sharing app, has recently released a card to support the platform as they evolve further, addressing the need to split household bills.
One of the hottest U.S. based fintech startups is now live in the UK with their first two customers; Plaid...
Spanish banks have been focusing on going digital to help keep ahead of competition; banks like Santander and BBVA have improved their mobile app access and started innovation teams to invest or partner with fintech companies; they have also changed their culture to better resemble a startup and have started talent competitions; while the banks have had their share of issues the digital focus can help to drive down costs and keep the banks ahead of the curve. Source.