Leading Dutch bank ING is looking to take advantage of the possibilities of open banking with two new initiatives; in...
With the advent of open banking ING says they see themselves more as an intermediary within a financial services marketplace;...
Initiative Ireland is a new peer-to-peer lending platform; they are planning to raise 2 million euros for startup operations through Ireland's Employment and Investment Incentive Scheme; the firm hopes to provide returns of 5% to 7% per year to investors and total loan savings of 20% to 30% for borrowers versus traditional bank lenders. Source
Innovate Finance and the Financial Conduct Authority have published a preview report on the UK Fintech Sandbox with a full report planned for May 2017; the preview report provides insight on the benefits of fintech sandboxes and how they can promote innovation while also helping to facilitate regulation. Source
Innovate Finance has announced eight industry leaders for a new ambassador program; Innovate Finance is one of the UK's most active trade associations for fintech; it's led by CEO Lawrence Wintermeyer; some of the program's industry leading ambassadors include Anju Patwardhan from the CreditEase FinTech Fund and Mike Sigal from 500 Startups; the ambassadors will be actively involved in the organization's upcoming Global Summit on April 10 and 11 in London. Source
The UK has triggered Article 50 and the 27 European Union countries will now begin negotiating with the UK for new terms; Innovate Finance's Lawrence Wintermeyer provides comments on the effects on fintech; says Brexit will make it more challenging for the UK to attract global investment and talent; Wintermeyer also says Brexit could potentially create new opportunities for regtech which will become increasingly important in cross-border activities. Source
UK based fintech industry group Innovate Finance has released their Women in Fintech Powerlist; the list highlights 150 women in...
The Group's aims for the next 12 months include the creation and publication of a UK fintech trade and investment brand.
The Vision Fund is a $100 billion investment portfolio and recently participated in a $440 million round in the challenger...
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