In Europe, slowing venture capital investment in fintech has caused increased reliance from the industry on traditional banks; as Brexit concerns have affected the fintech industry, traditional banks have increased their investment with more corporate and strategic participation in venture capital deals in Europe for the third quarter of 2016; over the last five quarters significant large bank investors in fintech have included Citigroup Inc., Banco Santander SA and Goldman Sachs Group Inc.; as the European market evolves with a number of regional factors continuing to affect both fintech companies and banks it is likely that more banking partnerships and fintech acquisitions will occur. Source
Yesterday, Robinhood reported another outage which comes after two outages the previous week; the markets remain volatile which has increased...
Leading UK digital bank Monzo released its annual report yesterday and the numbers were not pretty; the company reported that...
Figure Technologies, Inc., a leader in transforming financial services through the power of blockchain technology, announced a new collaboration with Visa to provide issuing processor services via Figure's blockchain-based Banking in a Box platform.
Cross River, a US provider of core infrastructure and embedded financial technology to fintech companies, has teamed up with blockchain data platform Chainalysis to expand its crypto services.
Novo, a Miami, Florida-based small business banking platform, raised $90m in Series B funding at a $700m valuation
RateSetter was the last of the “big three” p2p lenders to be authorized after a two year wait; both Zopa and Funding Circle were authorized in May, 2017; RateSetter will now be able to launch their Innovative Finance ISA; Founder and CEO Rhydian Lewis stated, “Authorisation has been a long but positive journey during which we have learnt a lot, improved our infrastructure and implemented important changes, notably making the business more transparent. Transparency is vital to our business because our customers need to understand what we do to appreciate the risk of lending on RateSetter.” Source
Intelligent financing platform Nav has announced an expanded partnership with small business lender Enova, bringing a mass amount of data to the X’s and O’s of small business financing approvals and funding processes of companies like OnDeck and Headway Capital, subsidiaries of Enova. According to a joint press release, the move will create the first […]
Digital bank Aion has launched in Belgium and it is taking a different approach to most; it does away with...
Coinbase built the platform, Coinbase Custody, to serve investors like hedge funds and family offices; "We are designing Coinbase Custody to meet the needs of institutional clients," Armstrong said in a Medium post as reported by Business Insider; the features include account representatives and support, multi-user accounts and insurance in some cases. Source.