Random

Fintech

·May. 14, 2020

How Venture Capitalists are Adapting to the New Reality

While fintech firms have helped to change the shape of financial services over the last decade venture capital has largely...

Read Full Story

Europe Fintech News Roundup

·Aug. 4, 2017

George Banco Acquired by Non-Standard Finance

Ratesetter took a minority stake in George Banco in May but now the firm is being acquired; all George Banco loans will be refinanced and RateSetter lenders will be paid in full; RateSetter has GBP30 million ($39.11 million) of outstanding loans with the company; George Banco provides loans to borrowers with poor credit and brings in a third party in case the borrower fails to repay. Source

Read Full Story

Fintech News Roundup

·Oct. 31, 2016

Blockchain Utilization Increasing in the Insurance Industry

Blockchain has the capability to help improve the insurance industry in a number of ways specifically lowering costs and helping to process claims; P2P insurance platforms are already taking advantage of blockchain's capabilities; Dynamis is one leading example, recently receiving a $2.6 million investment for their P2P insurance platform built on blockchain; according to TechCrunch other areas of the insurance market likely to utilize blockchain include parametric insurance and microinsurance. Source

Read Full Story

Europe Fintech News Roundup Online Lending

·Mar. 24, 2017

RBS Considering Mortgage Robo Advice and Closing 158 Branches

The Royal Bank of Scotland is closing 158 branches in the UK in an effort to reduce costs; it has continued to struggle since the financial crisis reporting nine consecutive years of losses; the firm has been increasingly integrating automation to cut costs and says it will make a decision on its robo advisory service for mortgage lending by the third quarter; the robo advisory service offers customers advice and insight that helps them decide on a mortgage loan product, also giving them an option to connect with a human advisor at any time during the process. Source

Read Full Story

Fintech

·Aug. 10, 2020

Moneyfarm Reports GBP260mn in AUM

The European robo adviser has gained 10,000 customers and reported GBP260 million ($339.25 million) in assets under management; customers include Italian and UK consumers; source provides other data from the company's earnings results reporting a loss of GBP6.3 million ($8.22 million) from revenue of GBP167,628 ($218,721) for 2016; company says it is forecasting profitability by 2019; currently partnering with Allianz and another firm in Italy on two new servicing deals; also focused on launching a pension product this year. Source

Read Full Story

Home

·Mar. 13, 2026

Amigo AI raises $11M to train clinical AI agents like doctors

Hi there and welcome to Funded, where we spotlight the early-stage bets on the future of tech. This week: an...

Read Full Story

Fintech News Roundup USA

·Jan. 10, 2020

Monzo Co-Founder Stepping Down to Spend Time on His Alpaca Farm

It is not very often that there is an intersection between alpacas and fintech but we learned today that Monzo...

Read Full Story

Fintech News Roundup

·Apr. 18, 2017

IBM Partners with Hejia for Pharmaceutical Blockchain Solution

The two firms have built the Yijian Blockchain Technology Application System; the platform seeks to increase transparency of pharmaceutical supply chain networks by tracking the flow of drugs, encrypting trading records and more easily authenticating transactions; overall it is expected to increase payments efficiency and reduce the payments timing for pharmaceutical retailers; the Yijian System is still in a pilot phase and expects to expand in July. Source

Read Full Story

Asia/Pac Fintech News Roundup

·Nov. 22, 2016

Singapore Provides S$1.15mn to Ten Fintech Firms at Fintech Festival

On November 14 to 18 Singapore held its first Fintech Festival providing S$1.15 million to ten fintech firms; supported by the Monetary Authority of Singapore and the Association of Banks in Singapore, awards were given ranging from S$250,000 to S$50,000; the top prize of S$250,000 for the MAS FinTech Awards (Singapore Open) was given to fastacash Pte Ltd; the Fintech Festival follows significant expansion in Singapore which now has the largest fintech hub in the world and numerous subsidies available to attract fintech startup companies. Source

Read Full Story