Ant Group’s record $34bn IPO suspended
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 be subject to greater governmental oversight. […]
The Importance Of FinTech In Traditional Banking System
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 comforts of your palms through mobile banking. The […]
Banking, Fintech And The Second Pandemic Wave: What’s Next For 2020?
Back in May 2020, a couple of months into the coronavirus crisis, governments across the globe were scrambling to implement measures to protect their economies while maintaining public health and safety. Now, with Covid-19 casualties having surpassed the one million mark worldwide, it’s clear that the crisis is far from over. Conversely, the second wave is just […]
Hong Kong prepares for ‘next era’ of fintech
The Hong Kong Monetary Authority has outlined a slew of new initiatives on bank data exchange, CBDC research, trade finance digitisation and RegTech, as the island state kicks off its annual Fintech Week. In his opening keynote, HKMA chief executive Eddie Yue announced that the central bank is exploring a new data strategy and considering […]
Clarity AI raises $15M for sustainable investment platform
Spanish fintech Clarity AI has raised $15m to further develop its platform that analyses the societal impact of investment portfolios. Clarity AI was founded in Madrid in 2017 by Rebeca Minguela, who last month featured in our rundown of Europe’s leading women in fintech. The platform uses in-house technology to leverage big data and machine learning […]
Atlanta-based fintech company Bluefin announces $25 million in growth financing
Atlanta-based fintech company Bluefin, known for offering payment and data security for small and medium-sized businesses, announced a $25 million in growth financing from Macquarie Capital Principal Finance. Macquarie joins current Bluefin investors Napier Park and Camden Partners. Bluefin’s work, with specializes in securing Personally Identifiable Information (PII), Protected Health Information (PHI) and financial card data through omni-channel […]
Strive launches world’s first banking offering especially designed for families
Today, a new UK based fintech for parents and kids called Strive launched with the announcement of the acquisition of a popular digital piggy bank company GoSave in an all stock deal. With 50% of the UK population considered financially vulnerable (FCA.org.uk) the need for easy solutions to teach kids about money and engage their parents in […]
The Future of Fintech, and What It Means for the Personal Finance Industry
The coronavirus pandemic has fast-tracked the call for more technical solutions. As the onset of the virus brought life as it was to a standstill, social distancing measures have driven consumers to utilise more digital services. John Ellmore, Director of KnowYourMoney.co.uk examines what it could mean for the personal finance industry. Nowadays, we are living in an era […]
8 Berlin Fintechs to look out for in 2021
Berlin’s young, enthusiastic and creative energy and business mindset is nearly unmatched in mainland Europe. Comparisons to the US’ Silicon Valley are becoming increasingly justified: In fact, with more than 2.500 active startups, Berlin is attracting more young minds than any other city in the EU. Berlin’s distinct lack of major banking presences like in […]
German supervisory regime lambasted over Wirecard collapse
Europe’s top regulatory body has issued a stinging indictment of the German financial supervisory regime which allowed bankrupt payment processor Wirecard to hoodwink investors for years.The report by the European Securities and Markets Authority (Esma), identifies a number of “deficiencies, inefficiencies and legal and procedural impediments” in the two-tier German supervisory system, which splits responsibilities […]
