FCA launches global fintech sandbox

FCA launches global fintech sandbox

Britain’s Financial Conduct Authority (FCA) is launching a global regulatory sandbox, after the successful progress of their 2016 release of a UK sandbox, that allows for innovative fintech development without requiring a full, strict regulatory process for testing. At the Innovate Finance Global Summit in London, which is taking place March 19-20, FCA board member and Director of Strategy […]

Accenture research report into challenges to fintech adoption

Accenture research report into challenges to fintech adoption

Accenture and The Partnership fund in NY have carried out some research into the collaboration between financial institutions and fintechs. “After nearly a decade of growth for the fintech sector, it has taken a foothold in financial services. The ability to quickly adopt external innovation is creating competitive advantages for financial services companies. Entrepreneurial fintechs […]

Hypothekarbank Lenzburg AG launches virtual ATMs with Sonect.

Hypothekarbank Lenzburg AG launches virtual ATMs with Sonect.

Sonect and Hypothekarbank Lenzburg are breaking new ground in terms of cash withdrawals: Lenzburger Bank is adding the financial application of the Zurich-based fintech company to its core banking system Finstar®. This allows customers of Hypothekarbank Lenzburg to withdraw cash from selected shops and shops with their smartphone. The mortgage bank Lenzburg thus extends the existing […]

How Blockchain Can Help Companies Win The Innovation Race

How Blockchain Can Help Companies Win The Innovation Race

      Blockchain is ushering in disruption in various industries. Even big multinationals like IBM and Deutsche Bank are working on their own blockchain projects, hoping to maximize the technology’s capabilities, such as immutable records and smart contracts. Pharmaceutical giants are also banding together to use blockchain to secure their supply chains and prevent drug fraud. […]

Amazon innovating in insurance warrenties

Amazon innovating in insurance warrenties

LONDON (Reuters) – Amazon.com Inc is expanding its nascent European product insurance business, according to recent job adverts, which industry watchers say could signal the start of broader ambitions in insurance. Amazon Protect, which provides extensions to manufacturers’ warranties for items like mobile phones or washing machines bought on Amazon’s website, launched last year in Europe. […]

Citi Provides Innovative Facility to LendInvest in Buy to Let Market

Citi Provides Innovative Facility to LendInvest in Buy to Let Market

    LendInvest, a Fintech marketplace platform for property finance, has agreed a long-term warehouse facility with Citi boosting its entry into the UK’s £40 billion buy-to-let (BTL) market. Under the terms of the financing, Citi will provide a funding line to LendInvest that will be used to finance specialist BTL loans, designed for professional, […]