The Investment Association (IA) has just launched the third cohort of its industry-promotion incubator.
The association’s 21 founding members have established a governance charter for the project and elected a five-member board of directors.
Digital wealth manager Moneyfarm raised £36m (€40.5m) in its Series C funding round, which was led by Italian postal and financial services firm Poste Italiane and Allianz AM.
The fintech provides an open banking platform for deposits.
A new blockchain protocol and a new cryptocurrency, Dune, is set for launch on 10 September, from the spin-off of another French project, Tezos.
After the Venezuelan petro, China is expected to launch its own cryptocurrency soon.
German open banking fintech Raisin has acquired fairr, a start-up for pension products, to boost its offerings in retirement savings.
For the first time, Swiss Financial Market Supervisory Authority (FINMA) has issued banking and securities dealers’ licences to two purely blockchain service providers – SEBA Crypto AG and Sygnum AG.
Fintech funding in the second quarter of 2019 topped $8.3bn, boosted by mega funding rounds in late-stage (Series D and E+) startups, with Europe taking the lead over Asia.