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Sandboxes help fintech startups raise money

  • Finextra  -
Entering regulatory sandboxes helps fintech startups raise capital, boosting financial innovation, suggests a BIS working paper.In 2015, the UK’s Financial Conduct Authority created a sandbox to give startups in the fast-growing fintech sector the chance to try out their products in a controlled testing environment. Five years on, around
News

Emerging Payments Awards

  • Emerging Payments Awards  -
Let’s face it, 2020 hasn’t exactly been the year we were expecting. But it isn’t all doom and gloom. Out of the chaos, some truly innovative projects and collaborations have been born. As evidenced by the quality of nominations the Emerging Payments Association received for this year’s Emerging Payments
News

London-based Purple Dot raises €1.49 million to disrupt the fashion industry with a new fintech approach

  • Thomas Ohr  -
Purple Dot, the ‘worth-the-wait’ payment option for fashion brands, today announces its seed round of €1.49 million, led by Connect Ventures, with support from, AI Seed, Moxxie Ventures, Andy Chung and Philipp Moehring from AngelList, Vijay Pandurangan and Alex Roetter (both ex-Twitter) and the family office of Paul Forster,
News

Fintech Startup Payer Launches Beta Test Program To Revolutionize Customer Registration In B2B E-Commerce

  • AIthority  -
Payer Financial Services (Payer) has developed a new registration product that revolutionizes how customer relationships are made between companies online. The product enables e-commerce merchants to verify new customers as trustworthy so they can make their purchases with ease. Today, Payer launches a beta test program with several B2B merchants. The
News

Britain’s fintech industry braces for a no-deal Brexit as transition deadline looms

  • Ryan Browne  -
LONDON — Financial technology start-ups in the U.K. are quietly rushing to get Brexit contingency plans in place as the prospect of crashing out of the European Union without a trade deal looks increasingly likely. Britain and the EU are yet to come up with a trade agreement ahead
News

Ant Group’s record $34bn IPO suspended

  • Rhys Thomas  -
Ant Group’s record-breaking IPO has been suspended in both Hong Kong and Shanghai, just days before trading was due to open in a colossal dual listing. Chinese regulators called senior Ant executives, including controller Jack Ma, to a meeting on Monday, during which it was made clear the fintech giant would
Blog

The Importance Of FinTech In Traditional Banking System

  • Raj N.  -
New technologies such as machine learning, Internet-of-Things, artificial intelligence, blockchains, and cloud computing are the major drivers of growth for fintech companies There is no better example of evolution than what we have seen in the financial world. From traditional in-person banking to internet banking which eventually moved from your desktop to the
Blog

5 Reasons Why Fintech is Leading the Lending Industry

  • Ernest Hamilton  -
The COVID-19 pandemic has caused a wave of cyber crime across the digital finance sphere, and lenders have responded in a big way to keep clients safe. More people than ever before are trying to learn how to conduct day to day business without leaving home.  Fintech solutions are

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The Future Of Fintech In A Post-pandemic World

COVID-19 has been extremely damaging for many businesses, especially small businesses and their employees. Yet, tragedy is excellent at uncovering opportunity, and in this case, the opportunity lies in the fintech industry.  The response to the pandemic in the business world was to redo structure. Businesses that hadn’t previously been online have been forced to do so to maintain livelihoods. Therefore, whether business owners and consumers knew it or not, they began engaging with the fintech industry.  What is Fintech?  If you’re new to the concept, fintech is an amalgamation of the finance and technology sectors. You’ve probably engaged

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