Cryptocurrencies are no longer a passing fad – blockchain is changing the standards of the financial systems. Bitcoin, Ether and Ripple have initially stimulated the development of numerous start-ups, but today they experience the increasing interest on the part of traditional financial institutions.
The London-based financial technology startup will enable customers in the United States to transfer money via its platform using Apple Pay.
The UK’s central bank has developed its own Proof of Concept ledger and will make the next version of its interbank payments system compatible with settlement in a distributed ledger.
The users of Number26 banking app will now be able to send money overseas via TransferWise platform.
We’ve identified some of the most promising fintech firms that are likely to make it big in 2016.
The fintech is getting more attractive for investors, with some of the most successful people on Wall Street are moving to this promising industry.
The fintech unicorn Curve has finished a $2 million funding round from a number of prominent investors.
FinTech or Financial technology is a line of business based on using software to provide financial services. FinTech companies are generally startups founded with the purpose of disrupting incumbent financial systems and corporations that rely less on software.