The Norway Global Government Pension Fund is cited as the world's largest sovereign wealth fund by assets; Fund managers have proposed some new changes to the investment guidelines for the Fund which has total assets of £723 billion ($898.27 billion); they are planning to increase the equity allocation threshold to 70% from 60%; the change would increase access to investments with higher returns during a time when fixed income investment yields are extremely low. Source
Banking as a service fintech firm Griffin has raised £12.5m in a funding round to support the development of its API banking platform.
We reported earlier this week on JPMorgan’s secret digital banking project underway in London; this news comes soon after the...
Mexican digital payments system CoDi has been around for more than two years yet a large part of the population is unaware of it.
As Facebook moves to rebrand as Meta, the tech giant is rumored to have talks of physical retail stores to showcase virtual reality headsets and other merchandise.
UK based digital bank Monzo has raised a $143mn series F round as the company gets set to launch in...
Aegon has announced it will allocate 1.5 billion euros ($1.6 billion) of its investment portfolio to Auxmoney P2P loans; the platform offers average returns of 5.5%; the investment represents one of the market's largest institutional endorsements in P2P loans; Aegon is also involved in a 15 million euro ($16.03 million) Series E funding round for Auxmoney. Source
Fraud prevention firm SEON has raised $94m in a Series B round led by Silicon Valley’s IVP. IVP partner Michael Miao will join SEON's board of directors.
Raisin offers a platform to offer savings account options across Europe; they currently have over 100,000 customers; the funds will be used to accelerate growth across Europe. Source
Lisa Jacobs, the head of Funding Circle’s UK business, sat down with P2P Finance News for a wide ranging discussion;...