Robinhood has become one of the hottest fintech companies on the planet which has helped them to amass a valuation...
Swiss fintech company Numbrs has blamed jealous banks for killing off its original business model as a third-party provider of financial products. So it has reinvented itself under the banner of the ultimate bank killer – bitcoin.
The "Facebook Initiative" has helped increase lending at Irish credit unions and now 15% to 20% of loan inquiries come through the social networking site; the program initially started out as a pilot project and has moved into a key source of new leads; half of consumers that used this program never borrowed from a credit union before; the process involves a 30 second inquiry online, then lending officers call the borrowers to ensure they understand what they are borrowing; this is part of a broader move by the Credit Union Development Association (CUDA) in Ireland to spur innovation in finance. Source
The UK's Department for Media, Culture and Sport has published a digital strategy report outlining its plans for the tech sector post-Brexit; the government plans to invest 17.3 million British pounds ($21.27 million) into artificial intelligence and robotics research and also reported a 1 billion British pound ($1.23 billion) program to improve internet connectivity across the UK; it will also create five international tech hubs, host a competition for fintech products and create a forum for communicating with the tech community; all of its efforts are geared towards helping the UK remain competitive in the tech industry. Source
Acorns Targets Babies With New Custodial Account Capital raises $9M for its AI-based ‘capital as a service’ funding platform for...
BENKER is to become the first officially licensed blockchain neobank launched in Europe following approval by the Bank of Lithuania.
Tackling the cost-of-living crisis is a top priority. Wading through bank statements and scouring the internet for deals can help.
Nigeria’s eNaira digital currency is proving popular, although some critics say the population’s mistrust of the government might hinder its progress.
BitMart has suffered a hack that lost it $196 million in a number of cryptocurrencies.
UK digital challenger bank, Starling, has raised £60 million led by Merian Global Investors; the funds will be used to...