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
Checkout.com is set to acquire French ID verification start-up ubble, enabling e-commerce merchants to verify customers securely.
Julius Baer has agreed to sell Wergen & Partner Wealth Management to its management, the Swiss private bank said on Monday.
Inter-bank payments platform Swift says it is a step closer to adopting blockchain; a project that could potentially move member bank accounts to the blockchain and provide for real time reconciliation is now ready for its next phase; the project is focused on dormant funds held in various currencies supporting transactions. Source
Cashplus Bank, the leading SME fintech, today announces it will launch a UK-first Business Creditbuilder tool in partnership with Equifax, aimed to increase accessibility to lending for the 65% of new UK businesses who are refused access to credit. Available as a free add-on to fee based Cashplus business accounts, the feature will structure the...
Upstart’s AI Lending Platform Expands to Auto Loans On Deposit Solutions’ launch in the U.S. with CEO Philipp von Girsewald...
In a recently recorded speech, Rhydian Lewis said that the company expects to be profitable in 2018; the p2p lender was previously profitable in financial years 2014 and 2015; the company is also celebrating its seventh birthday and has facilitated £2.1bn in loans, connecting 57,000 lenders with 388,000 borrowers. Source
Harmoney is New Zealand’s first and largest p2p lender, launching in 2014; since then they have built up a loan...
Crypto service providers are accomplices to circumventing Russia sanctions, Lagarde said during an appearance at the Bank for International Settlements’ Innovation Summit on Tuesday.
The Cambridge Centre for Alternative Finance has become the leading institution globally focused on studying the alternative finance industry and...