During a panel discussion at LendIt Europe in London representatives from leading incumbent lenders Lloyds Banking Group (LBG), ING, BBVA, HSBC, and Barclays discussed the challenges faces in the new digital world; topics discussed include cultural transformation, more power in the customers hands and trying to stay on top of the latest tech trends. Source.
The circular economy has become a fundamental part of Europe's sustainable growth agenda and finance is powering the way.
Dutch bank Rabobank has built a 3D model of its organization and IT systems to help them better understand how to make improvements; Anne-Marie Breuker, Rabobank business architect, tells Finextra: "We wanted to create something that would have a wow-factor within the bank, it had to appeal to the entire organisation, from the Board of Directors to the workplace. Preferably visually, and permanently. So, we came up with the idea for this model."; this is the first of its kind and there is a thought that this type of review could lead to more banks or financial services firms doing similar projects. Source
Scotland has seen significant growth in its FinTech ecosystem, reflecte
Prolific Fintech Investor QED Hires Executives to Boost Africa Presence. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
The UK’s Financial Conduct Authority and Cyprus’s CySEC have issued warnings to retail traders on contracts for difference based on cryptocurrencies; CFD trading based on the digital currencies has started to become popular with the volatility in bitcoin; regulators are worried that retail investors will suffer significant losses and are looking to limit leverage as a result; this continues a worldwide trend by regulators as they get a handle on the growing crypto asset class. Source.
The crypto contagion continued this week with BlockFi being the center of attention. There was also news from FTX on Robinhood, Celsius continued to flounder, Three Arrows Capital is toast, and amid all this turmoil the EU agreed to a crypto regulatory framework.
UK based Nationwide Building Society has partnered with analytics firm SAS to more efficiently interact with their 15 million customers;...
The company may go public as soon as late autumn; sources state that the company will exceed a £1 billion valuation; investment banks are expected to be in place by spring; Funding Circle would be the first p2p lender in the UK to go public. Source
Bitwave allows enterprises to survive and thrive in the financial revolution made possible by cryptocurrency.