Nick Ogden has launched ClearBank after three years of development on the multi-million-pound project; the bank is marketed as a "bank for banks," targeting fintech startups, credit unions, building societies and other challenger banks; it will focus on payment processing, which it plans to offer at cheaper and faster rates than competitors, and also an "off the shelf core banking service." Source
National Internet Finance Association (NIFA) of China on August 30 released ICOs risk alerts; the Association highlights two kinds of risks: 1) some projects raise money in the name of ICO with misguided publicity and this may lead to illegal fundraising; 2) the assets of some ICO projects remain unclear and the information disclosure is far from sufficient. Source (Chinese)
Former founder of Capital One and current managing partner at QED Investors, Nigel Morris has expertise in connecting banks and fintech companies; in an interview with American Banker he talks about his career experience and current market influence at QED Investors; also discusses the investment strategy at QED Investors and some of the fintech market's leading investment opportunities. Source
