Rakuten launches the Rakuten FinTech Fund with the aim of empowering great entrepreneurs around the world.
Top 10 FinTech startups highlight how FinTech is developing at a rapid pace. The sector is one of the fastest growing businesses in Silicon Valley. It represents 7.2% of the U.S. GDP and unlike the established traditional players like banks and brokerages, marketplaces have the ability to be nimble and efficient.
Santander and Monitise make a joint venture agreement with the aim of launching a fintech venture builder later this year.