Euro Exim Bank in London has announced it has embraced XRP and Ripple’s xRapid software which aims to help with...
The debut of new mobile wallets ahead of the Winter Olympics in Beijing is an impetus for the Federal Reserve to bring its own central bank digital currency project up to speed.
MarketInvoice inked another bank deal with Varengold Bank AG for £45mn ($60mn) in debt funding; according to AltFi MarketInvoice's capacity to take on institutional money has increased four fold since 2014; MarketInvoice have funded over 70,000 invoices and lent out over £1.5bn ($2bn). Source.
Analysts at asset manager, Bernstein, believe the future is bright for robo advisors; in a recent client memo the firm concluded that BlackRock and Fidelity will eventually incorporate them into their business and technology giants Google and Facebook could be their main competition; though the current disruption from robo advisors is minimal, the largest one has $60 billion AUM as compared to Fidelity with $5.1 trillion AUM, the technology is what will be most useful for the wealth management industry; you have already seen big names like Deutsche Bank and UBS launch robo advisors, while BlackRock and Invesco have made acquisitions of the technology. Source
Wednesday, Visa partnered with Thunes, adding 1.5 billion digital wallets to the cross-border payments product Visa Direct.
BigPay, a Capital A venture firm, recently revealed that it has added 38 new countries to its global remittance services network.
Innovate Finance is out with numbers on UK fintech investments in the first quarter sourced from Pitchbook; overall investments totaled...
Seven months after opening his own family office in London, Storonsky is entering into another new field: venture capital.
deBanked reports that Levi King one of the co-founders of Nav has resigned; Nav is a company which helps small...