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Fintech

·Jun. 17, 2022

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses –

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank.

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Asia/Pac Fintech News Roundup

·Mar. 10, 2017

PayPal Joins in $48mn Fundraising Round for Korean Payment App Toss

Viva Republica is the operator of Toss; firm has announced a $48 million funding round for the payment app from PayPal, Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures; Toss has reported significant market share in Korea with over six million app downloads and payment transactions of over $3 billion; Viva Republica has also partnered with 18 of Korea's 19 major banks and now provides payment services to 98% of Korea's banking customers; for PayPal the investment builds out its payment services portfolio which includes mobile payment processor Venmo. Source

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Fintech News Roundup

·Feb. 13, 2017

Blockchain Initiative B3i Expands Its Membership

B3i was developed to explore and promote blockchain innovation in the insurance and reinsurance market; the consortium began in October 2016 and has now added three new members bringing its total membership to 15; the consortium's newest members include Hannover, Generali Group and SCOR; B3i is currently developing a shared platform for exchanging contracts which could likely develop into a commercial insurance services company by 2018. Source

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Fintech News Roundup USA

·Aug. 17, 2017

State Agencies React to Federal Charter Proposal

State regulators are reacting to the proposed federal charter that would grant nationwide licensing to fintech companies; states are beginning to plan for initiatives that would make state chartering more compelling for fintechs while also protecting standards built for banks in the state; states believe harmonizing the regulatory requirements is necessary; New England states are currently working in collaboration on licensing and overall state regulators are envisioning a passporting environment where states collaborating on requirements can institute approvals with lower costs. Source

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Fintech

·Aug. 29, 2022

UPDATE: Crypto Nexus Workshop in Edinburgh canceled

The first Crypto Nexus Workshop is Sept. 20 in Edinburgh in partnership with the Fintech Scotland Festival.

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Fintech News Roundup USA

·Feb. 14, 2019

The Future of Banking Will be a Mix of Old with New

Banking is continuing to evolve and there has been a trend to talk about how the challenger banks will take...

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Europe Fintech News Roundup

·Jan. 10, 2017

German Fintech Platform Raisin Reaches New Milestone

Raisin has reported over 2 billion euros ($2.1 billion) in investment through its platform; the company offers investors a range of savings account investments across the European Union and facilitates the account funding for the investors; the platform has gained investment of 300 million euros ($318 million) in the past three months and expects to reach the 3 billion euro ($3.2 billion) mark in the first half of 2017. Source

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Fintech News Roundup USA

·Apr. 20, 2020

ConsenSys Cuts Staff, Shares Current Focus on Certain Projects

CoinDesk reports that the Ethereum incubator has cut over 90 staff, or about 14% of the company; the news follows...

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Fintech News Roundup USA

·Mar. 30, 2017

The Future of Advice – by Betterment’s Jon Stein

Jon Stein first looks to the past of investing in stocks with significant milestones such as the introduction of index funds, trade automation and decreasing trading costs leading to the ability to be easily diversified; thus old models of charging people to trade or to be diversified don't work; looking at the current and future trends Jon discusses that investors are now more responsible than ever for their own retirement and need advice; Jon Stein shares how Betterment is providing financial advice to more people; the company manages over $8 billion in assets and has 240,000 customers. Source

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Fintech News Roundup USA

·Mar. 26, 2018

VC Industry’s MeToo Movement Shows Early Signs of Success

The Venture Capital industry has seen some early signs of positive change when it comes to gender discrimination and diversity; though some still believe there is no issue and that they cannot do anything to effect change; brave women like Ellen Pao and Susan Fowler have helped others to share their stories and men in power have been forced to leave and policies at firms have changed; you are starting to see VC’s hire more women and require companies they fund to show diversity among their executive ranks; there is still a ways to go for VC’s and Silicon Valley overall, though change is happening. Source.

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