BBVA and digital business account provider Azlo struck a partnership that focuses on freelancers; with the freelance worker trend increasing the bank is looking to position themselves to better serve the market; BBVA invested in and helped incubate the company through their New Digital Businesses unit; this is part of a wider trend at the bank to help innovation, both inside and outside the bank itself. Source.
Anyone who studies bitcoin carefully and understands the cryptocurrency will be convinced of its potential, said hedge fund investor Anthony Scaramucci.
The Digital Commodity Exchange Act would give the regulator direct oversight of some types of crypto transactions and exchanges.
Worsening conditions for the public's financial health have caused the FCA to launch a consultation. The fintech sector is already way ahead.
While many areas of embedded finance are getting a lot of airtime, embedded savings is not receiving the attention it deserves. That needs to change.
Nethone helps its clients provide security and the strong UX important in the modern economy.
Genesis Capital is based in Los Angeles and provides capital to house flippers; they were founded in 2007 and lent $1 billion last year; the move shows Goldman’s continued interest in other areas outside their trading business; investor spending on the fix and flip market has grown recently, but still remains below pre-crisis levels. Source
Acre Homes aims to build a modern home ownership experience, and with the help of data from Plaid, applications are a breeze. Learn how.
Anju Patwardhan is researching the potential for financial technology to increase financial inclusion for small businesses at Stanford University; Anju was previously chief innovation officer at Standard Chartered Bank and currently is a venture partner at CreditEase; in an interview on the Pacific Exchanges Podcast, she talks about collaboration between banks and fintech firms as well as her research at Stanford University. Source
The SEC suspended trading of OTC-listed technology company CIAO Group (now rebranded as NuMelo Technology); trading is currently suspended until August 23; the SEC is questioning the accuracy of a planned ICO by the firm and the initiative that the ICO funding would support; the additional funding would support a digital financial products marketplace for the African market based on blockchain technology. Source