Latino-focused neobank Pana has joined Visa’s FinTech Fast Track program as part of its integration with the card-issuing giant that will increase its reach.
Goldman Sachs has announced they are exploring NFT's- Why? for some it's the logical next step for incumbents.
The UK recently visited China on a trade mission and signed a number of fintech deals worth more than $1.8bn; the deals are looking to create a deeper partnership between the nations and potentially create more than 850 jobs; deals include Innovate Finance and NIFA's memorandum of understanding, CurrencyCloud and X-Transfer's partnership and UK fintech R5FX's collaboration with Shanghai Clearing House. Source.
The UK government has been one of the most forward thinking governments in the world when it comes to fintech;...
Some predict "Request to Pay" is the smoother, more flexible future of payments between people and businesses.
AltFi reports that Ranger Direct lending Fund could see the second half dividend payout cut in half as compared to the first half of 2017; they cite legal fees, downward revisions to expected returns of platforms and cash drag due to reallocation of funds from closing platforms. Source.
Savings rates at UK challenger banks are more than 1 percent higher than their high street counterparts; research by challenger Gatehouse Bank revealed the statistics; challenger banks and digital banks are still finding wide knowledge of open banking a challenge; “Sadly too many savers still opt for products from household names as they are unaware of the best buys that exist beyond the high street,“ said Charles Haresnape, CEO of Gatehouse Bank, to AltFi. Source.
Zopa has announced it plans to apply for banking licenses; company will be the first alternative finance platform to seek licensing as a bank; CEO Jaidev Janardana wrote to clients on Wednesday with details on the company's plans; Zopa will seek to offer deposit accounts and new lending products; requires Prudential Regulation Authority and Financial Conduct Authority licenses which the company expects to take 15 to 24 months. Source
On Monday, April 14, the EU's committee, Economic and Monetary Affairs, adopted a new position on rules on crypto-assets.
Cloudvirga Raises $50M in Series C Funding Student Loan Genius Raises $3.5M in Seed Series Prime Financing HSBC Partners with...