UK-based mobile banking app Monese raised $10 million in funding from Anthemis Exponential Ventures, Korea Investment Partners and STE Capital; funds will be used to expand into continental Europe and to offer new credit and direct debit services; since launching in 2015 the company has signed up 40,000 customers from 179 countries who have made 1.8 million transactions; total dollars transacted is over $180 million. Source
Embat es una plataforma en la nube que permite a equipos financieros monitorizar su tesorería y optimizar su liquidez...
The DeFi world hasnt had the best year, with multiple entities entering law suits and bankruptcy. Yet, another crypto exchange is launched.
The co-founders of Xendit, Moses Lo and Tessa Wijaya, discuss payments infrastructure in Southeast Asia, smartphone penetration and why the opportunity there is so big.
According to Reuters Goldman Sachs is acquiring the boutique wealth management firm, Folio Financial, for an undisclosed amount; Goldman Sachs...
A new study by J.D. Power says midsize banks should be using email a lot more when communicating with customers;...
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
The fund, which was set up as storage for excess cash from online spending, has now reached $165.6 billion in assets under management; this now exceeds the amount of JP Morgan's largest money market fund which is $150 billion; since the fund is so big it allows Ant Financial, Alibaba affiliate, to negotiate better rates with banks for capital; while many believe the likes of Google and Facebook could enter the market they have yet to do so. Source
FTX US, part of FTX global, has applied for a trust charter issued by the New York Department of Financial Services.
China’s central bank has launched its CBDC wallet app on the Android and Apple app stores as it gears up...