Finance industry

Apple unveils new credit card, investing in cannabis, Brexit and U.K. Fintech talent

Finance industry

News from around the world Apple recently unveiled its new Apple credit card. The tech giant is moving into the world of banking in partnership with Goldman Sachs and Mastercard, with Apple users able to sign up for the card this summer. Although Apple is a bit late to an already competitive marketplace, its significant…

Cryptocurrencies, Travel Insurance disruption, Quantum computers

Finance industry

News from around the world The U.K.’s Financial Conduct Authority (FCA) recently published research in which they surveyed British consumer’s attitudes around cryptocurrency. They found that people didn’t seem to understand the components (i.e., that you don’t have to purchase a whole coin) and most were looking for ways to make a lot of money…

TechCrunch’s Startup Battlefield, Brexit, fintech, and cryptocurrency news

Finance industry

News from around the world Applications are officially open for TechCrunch’s Startup Battlefield at this year’s Disrupt SF 2019. There’s no fee for applying or for participating (TechCrunch doesn’t take any fees or equity), and entries are open to early-stage startups from any country or vertical. The winning startup wins the coveted Disrupt Cup and…

Blockchain versus Fintech, Lithuania becoming a fintech hub, and the woes of fund managers

Finance industry

News from around the world A recent article by The Next Web (TNW) reports that although EU blockchain companies had a record year in VC investment, they still lag behind the investment going into fintech companies. They looked at Innovate Finance’s 2018 FinTech VC Investment Landscape report, which shows that globally, fintech companies raised $36.6…

Forbes Fintech 50 2019, Paris Fintech Forum, the GFIN’s regulatory sandbox, and more

Finance industry

News from around the world On Monday, Forbes published “The Most Innovative Fintech Companies In 2019,” their fourth edition of what is known as the “Fintech 50 2019.” Not all their chosen companies are based in the U.S. (Transferwise and Bitfury made the list), but all are private companies that have some sort of operations…

TransferWise and Brexit, GDPR and Google, and the World Economic Forum Annual Meeting

Finance industry

News from around the world Estonian-founded and London-based fintech startup TransferWise is applying for a money-transfer license in Brussels. They will open a new office in Belgium’s capital to ensure their business isn’t disrupted by Britain leaving the European Union. Reuters reports: “A Belgian license ensures we can continue to provide a great service globally…

New crypto directives, money laundering and how AI will transform finance

Finance industry

Entrepreneur covered the positives, negatives and future questions surrounding the Peer-to-Peer lending industry. While they discuss P2P lending as a whole (and not just related to personal loans) they summarise the benefits and how they can impact both those issuing the finance and those in need of finance: “Peer-to-peer lending fills a void in the…

Fintech Trends for 2019, Tech & Finance in Japan & More

Finance industry

News from around the world Bloomberg recently talked to some industry pros about the future of Fintech, and they outlined some of their predictions for the top Fintech trends we can expect to see in 2019. Their top five include some looming IPOs, big tech (slowly) continuing to edge into finance, faster payments, a continuation…

Fintech disruption, Swiss Exchange, and Blockchain

Finance industry

News from around the world CEO of Swedish bank Klarna, Sebastian Siemiatkowski, told reporters at Helsinki’s Slush tech conference that traditional banks will see “massive disruption” from fintech challengers within the next five years. Siemiatkowski said this is primarily due to the rise of new tech-driven financial competitors with the European’s open banking framework (PSD2)…

Fintech disruption, startup growth, and EU bank stress test

Finance industry

While new entrants (i.e. fintech startups) to the EU financial sectors are making sizeable dents by amassing a good percentage of industry revenues, bank revenue shares in the U.S. have yet to be greatly impacted. According to a study outlined in a recent article by Reuters, new financial institutions in the UK now hold 14…