In a speech yesterday Fabio Panetta, a board member of the ECB, blasted crypto as increasing the risk of financial instability....
CB Insights provides a market map with 102 lending, investing and personal finance startups; gives retail consumers an array of options to choose from; includes companies providing innovative solutions across the entire retail banking market. Source
In March 2022, the SEC released a proposal for mandatory climate reporting regulations which was met with mixed views. If Europe is anything to go by, it could create significant opportunities in the fintech sector.
Reports continue to show Chinese investors increasingly investing in bitcoin as the yuan devalues; over 90% of bitcoin trading has been reported by Chinese investors and the cryptocurrency's price is showing close correlation with the value of the yuan; Chinese regulation limiting foreign investment to $50,000 per year in order to stabilize the currency appears to be a factor as wealthy Chinese investors use bitcoin investment to evade the regulation since it is considered a borderless investment; while China appears to be a driving force for the currency's gains, experts also believe improved trading efficiencies and solutions for bitcoin are also factors for its recent appreciation. Source
Infina Welcomes $6M Seed Round to Grow Reach of Retail Investing App Across Vietnam. | Crowdfund Insider: Global Fintech News, including Crowdfunding,
Revolut is keeping an eye out for potential acquisitions with the help of their recent $500 million round; with many...
Revolut has officially launched in Australia which marks the first country they have entered outside of Europe; they are currently...
An opinion piece in American Banker highlights the challenges the marketplace lending industry faced in 2016; Alenka Grealish, a senior analyst at Celent believes that we will see consolidation and more partnerships in the remainder of 2017 and into 2018; discusses the advantages and challenges both fintechs and banks have and what may happen in a downturn. Source
Congress is in the midst of debating another stimulus package to help support consumers and small businesses as the pandemic...
"Orebits Corp. has created a new asset class, enabled by Symbiont's distributed ledger technology, which will change the precious metals financing marketplace forever," says Scott Mehlman, CEO of Orebits Corp.; through support from Symbiont's blockchain technology, Orebits will offer clients digitized "smart certificates" called "orebits" that are tied to gold reserves setting up a new form of gold trading; additionally the exchange for the new gold orebits will operate based on a peer-to-peer structure; Symbiont reports that the innovation has created a completely new trading alternative for investors to gain exposure to gold and Orebits says the exchange will operate without margins, storage and insurance, creating a considerable advantage over other current methods for investing in gold. Source