The UK government has, quite rightly, been throwing money at the UK economy and its financial sector to ameliorate the drastic effects of the Covid-19 pandemic. Our friends at Finextra report on the latest twist in this particular monetary tale: Starling Bank, Virgin Money and TSB are to be the beneficiaries of a £29.6 million […]
As a follow-up to yesterday’s story of high-profile departures in the world of cryptocurrencies, we note another comment from a member of the legendary Kroll agency, run by our friends at The Fintech Times. Over time, and certainly in the past year, with good reason, cryptocurrency has changed by association from being a salacious method […]
There’s news of two departures for two different reasons in the cryptocurrency sector. One of the high-profile figures leaving is a co-founder of Dogecoin – founded as a joke and subsequently ramped high by Elon Musk (Why? Perhaps simplybecause, with his millions of social-media followers, he could…). The shock waves of the abrupt resignations are […]
Another side-effect of Covid-19? There’s no point in speculating as to the reasons, the facts themselves are interesting enough. UK small- and medium-sized enterprises (SMEs) are hungrier than ever for unsecured credit. Money&Co. has strict criteria for lending, and requires security before agreeing to facilitate a loan. Our friends at Crowdfundinsider report: The iwoca SME Expert Index […]
We are still in a phase of looking at the observable short-term knock-on effects of the pandemic. Our friends at Crowdfundinsider report on one of them. See the short excerpt below. The United Kingdom has long been a top global Fintech hub – a title it is keen to maintain. The combination of a pretty […]
More news reaches us of the attempts to popularise digital accounts with central banks. Central Bank Digital Currencies (CBDCs) are not cryptos, rather an electronic account with a central bank. The latest move, as reported by our friends at Finextra, is for international co-operation between central banks. The Monetary Authority of Singapore and the Banque […]
The Swiss government gets a prod from its own banking association on progress towards a Central Bank Digital Currency (CBDC). As regular readers of this News section will be aware, we have pointed out that CBDCs are digital, but not crypto-currencies. A British CBDC (Britcoin – it’s in development) would mean effectively having a bank […]
It’s deal time in the Fintech sector, with IPOs and funding rounds coming to the market, as previously reported here, in profusion. Our friends at Altfi offer reports of two major recent deals. Lending platform CrowdProperty has bagged a £300m five-year institutional funding line with a new unnamed UK asset manager. The latest investment is designed to […]
The robots may be rising, but the machines are not taking over completely – at least not yet. Our friends at Finextra report on some recent research undertaken by a digital bank: 78% of small and medium-sized enterprises (SMEs) call for digital transformation of banking to be balanced with a human element, finds new research […]
You might think ethical screening would simply be a part of due diligence. If a ;ender genuinely knows the client, one assumes that the ins and outs of a borrower’s business model – including the moral/ecological implications of the operation – become apparent). Lenders on this site can be sure we’ve looked hard at the […]