Fintech News  – UK needs to have a fintech taskforce to protect £11bn business, says report by Ron Kalifa

Fintech News  – UK should have a fintech taskforce to safeguard £11bn industry, says report by Ron Kalifa The federal government has been urged to build a high-profile taskforce to guide innovation in financial technology together with the UK’s progress plans after Brexit. The body, which may be referred to as the Digital Economy Taskforce, … Read moreFintech News  – UK needs to have a fintech taskforce to protect £11bn business, says report by Ron Kalifa

Russian Internet Giant Yandex to Challenge Former Partner Sberbank found Fintech

Weeks following Russia’s leading technology company finished a partnership together with the country’s main bank, the 2 are heading for a showdown because they develop rival ecosystems. Yandex NV said it’s in talks to invest in Russia’s leading digital bank for $5.48 billion on Tuesday, a task to former partner Sberbank PJSC while the state … Read moreRussian Internet Giant Yandex to Challenge Former Partner Sberbank found Fintech

Mastercard announces Fintech Express for MEA companies

Mastercard has released Fintech Express inside the Middle East along with Africa, a program developed to facilitate emerging monetary technology companies launch and grow. Mastercard’s know-how, technology, and worldwide network will likely be leveraged for these startups to have the ability to focus on development driving the digital economy, according to FintechZoom. The program is … Read moreMastercard announces Fintech Express for MEA companies

The global pandemic has caused a slump found fintech funding

The global pandemic has triggered a slump in fintech financial support. McKinsey appears at the current economic forecast of the industry’s future Fintech companies have seen explosive expansion with the past decade especially, but since the global pandemic, financial backing has slowed, and marketplaces are far less active. For instance, after increasing at a rate … Read moreThe global pandemic has caused a slump found fintech funding

Dow closes 525 points smaller as well as S&P 500 stares down first modification since March as stock industry hits session low

Stocks faced heavy selling Wednesday, pressing the primary equity benchmarks to approach lows achieved earlier within the week as investors’ appetite for assets perceived as unsafe appeared to abate, according to FintechZoom. The Dow Jones Industrial Average DJIA, 1.92 % closed 525 points, as well as 1.9%,lower from 26,763, close to its great for the … Read moreDow closes 525 points smaller as well as S&P 500 stares down first modification since March as stock industry hits session low

Listed here are 6 Great Fintech Writers To Add To Your Reading List

While I started composing This Week in Fintech over a year ago, I was surprised to find there was no great resources for consolidated fintech info and hardly any committed fintech writers. That constantly stood out to me, provided it was an industry that raised $50 billion in venture capital inside 2018 alone. With numerous … Read moreListed here are 6 Great Fintech Writers To Add To Your Reading List

This specific fintech has become more valuable compared to Robinhood

Move over, Robinhood – Chime has become the best U.S.-based consumer fintech. According to CNBC, Chime, a so-called neobank offering branchless banking services to clients, is currently worth $14.5 billion, besting the asking price of massive retail trading platform Robinhood at about $11.2 billion, as of mid August, a PitchBook details. Business Insider also said … Read moreThis specific fintech has become more valuable compared to Robinhood

After the Wirecard scandal, fintech industry faces thoughts and scrutiny of trust.

The downfall of Wirecard has negatively exposed the lax regulation by financial solutions authorities in Germany. It has likewise raised questions about the wider fintech sector, which goes on to grow fast. The summer of 2018 was a heady one to be engaged in the fast blooming fintech sector. Unique from getting their European banking … Read moreAfter the Wirecard scandal, fintech industry faces thoughts and scrutiny of trust.