How the coronavirus will affect different segments of the FinTech industry
As COVID-19 rages on across the world, the affects on the FinTech segment of the economy is already letting itself be known.
FinTech unicorns and startups to face a coronavirus-created “vicious cycle” that could slash their...
The global COVID-19 outbreak could worsen business and funding conditions as well as changing private FinTechs’ exit options, according to a new report.
Investment solution iCapital Network raises $146m in funding round
iCapital Network, which is helping boost connectivity in the alternative investing market, has raised $146m in its new funding round.
Vivriti Capital reportedly nets $50m in its Series B round
Vivriti Capital, a digital marketplace which connects investors and companies, has bagged $50m in its Series B round, coming less than a year since its former round.
Ebury pushes further into the Portuguese market through Crédito Agrícola deal
London-based foreign exchange FinTech Ebury has signed a partnership with Portuguese bank Crédito Agrícola.
Viva Republica has been granted preliminary licence to operate as mobile brokerage
South Korean peer-to-peer money transfer company Viva Republica is one step closer to becoming the nation’s second FinTech company allowed to operate a platform-based brokerage service.
Robinhood suffers second outage one week after first massive blackout
Last week Robinhood faced outrage from its users after they had been unable to tap into their accounts on one of the busiest trading days this year. Now it has happened again.
AlphaPoint collects $5.6m in funding round
AlphaPoint, a platform helping organisations tokenize assets and build marketplaces, has collected $5.6m in funding.
Experts say Robinhood class-action lawsuit unlikely after service outage
Robinhood, the commission-free stock-trading app, suffered a service outage earlier this week that left customers furious. However, experts believe users’ threats to take legal action will be difficult to follow up.
Robinhood users furious over “not acceptable” service outage despite founders’ apology
Robinhood’s founders have apologised for its users being unable to tap into their accounts. But angry users snapped back that it's too little, too late to say sorry.
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InsurTech UK joins plea to protect British startups from being “wiped out” by the...
Several UK tech industry bodies are asking the government to do more to support the nation’s startups or risk having a generation of innovative ventures “wiped out.”
UK consumers put strong technology as main appeal for banks
UK consumers are placing strong technology as their biggest priority for banking, but digital banks need to be clear with their value offering to capitalise on this, according to Vilve Vene, CEO and co-founder of core banking platform Modularbank.
KPMG welcomes the FCA’s proposals to freeze payments to help people’s finances during the...
While KPMG understands the Financial Conduct Authority's (FCA) proposals to soften the financial blow of COVID-19, the professional services firm reminded the regulator that the crisis is not easy for banks either.
Insurers – the time to change is now! – ManageMy
With the world being forced to stay indoors and social distance, now is the time for insurers to focus on digitalising as we have “reached a tipping point”, according to digital experience platform ManageMy.
MAP FinTech launches AI-powered solution to boost anti-money laundering compliance
RegTech venture MAP FinTech has unveiled its latest solution to help financial services firms monitor and screen transactions in order to prevent money laundering.