Financial technology, also known as FinTech, is a line of business based on using software to provide financial services. Financial technology companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.
Bill Winters made a forecast at Hong Kong FinTech Week, while praising the city’s digital asset regulatory leadership.
HKMA Chief Executive Eddie Yue announced the plan at Hong Kong FinTech Week, outlining four pillars known as DART to future-proof the city’s finance sector.
Australian fintech Finder has won against ASIC’s appeal, which claimed its Finder Earn yield program breached financial regulations.
Short futures trading presents both opportunities and challenges for fintech companies.
Such companies as Barclays plc, National Westminster Bank (NatWest), Mastercard Incorporated (NYSE: MA), London Stock Exchange Group, and Peel Hunt have backed FinTech Growth Fund.
Not so long ago Klarna was planning to raise $1 billion, which would bring its valuation to a 30 billion range.
The founder and CEO of Upgrade stated that the firm is currently working on a version of the Upgrade Card that will make it better suited for smaller expenses.
The latest Revolut funding was backed by Japanese investor SoftBank’s Vision 2 and British conglomerate Tiger Global.
The coronavirus pandemic has significantly fueled the adoption of digital payments and pushed banking services away from the traditional system.
According to a report by Qatar Financial Centre and Refinitiv, investors stashed $30.4B in global fintech investments in the first 9 months of 2020.
Startup Secret Santa, an event of a new format, connected 19 startups and 19 mentors from Fintech and Blockchain domains on Dec 9th and 10th.
The Fintech sector will remain to expand and fine-tune in forthcoming years. To be more reliable and satisfy clients, this sector will develop at a much greater pace.
The EMTECH Modern Central Bank Sandbox™ will provide its innovative solutions with backing from the cloud services giant Microsoft Corporation in its attempt to deploy the pilots in the coming months.
Fintech continues to dominate the world these days. We offer you to take a closer look at the countries that have managed to become leaders in this sphere.
Financial market shows a constant growth. Traditional payments are being replaced by FinTech innovations. Let’s find out what top European financial companies will define the outlook of the market in 2020.