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.
LendInvest, a UK-based marketplace for property finance, has raked in £200m in fresh capital from National Australia Bank (NAB), one of Australia’s largest banks.
The fintech has reported a first-half pre-tax loss of £30.8m, vs. £27.1m one year earlier.
The no-fee stock trading app Robinhood has been authorised by the Financial Conduct Authority (FCA) to operate as a broker in the UK.
Credit rating agency Moody’s Analytics has acquired RiskFirst, a risk analytics solutions fintech to extend its risk solutions to the institutional buy-side.
Facebook’s proposed blockchain-backed digital currency Libra has already caused a massive disruption even before its launch and sparked concerns at the G7 Finances meeting held on 17 July.
DWS Group, which has acquired a minority stake of 2.68% in Frankfurt-based ESG scoring provider Arabesque S-Ray, is looking to acquire potential minority stake in Arabesque’s AI engine, to use a combination of big data, machine learning and high-performance computing to predict stock price developments.
