More for Monzo may sound like a 1980s sitcom title, but it’s actually a news item that shows yet again the weight of money headed into alternative finance. Finextra reports: Monzo is raising a further £50 million in equity funding from existing shareholders and one new investor, Silicon Valley firm Octahedron Capital. The new capital, […]
Regular visitors to this News section will be aware that we believe 2021 is set to be the year the token. On the back of the resurgent strength of cryptocurrencies, digital money has been gaining acceptance from the mainstream. The story below cold be seen as this century’s version of a rights issue. Finextra reports: […]
Once upon a time “crowdfunding” was not just a buzzword, but a widely misunderstood one. For a while it was synonymous in some minds with the idea of equity investment in small, highly speculative start-up businesses – many of which fail (as many as three in four after three years, according to some sources). We […]
Today, we bring you a new snippet from the running theme as reported in this News section of convergence between the mainstream and the alternative-finance sector, with the announcement of the grant of a new banking licence. Our friends at AltFi report: SME credit card lender Cashplus is now a full-on SME bank. This morning the Prudential […]
Today we bring you a snippet of news from the ongoing battle – or should that be war? – between the mainstream financial authorities and the digital eco-system. Our friends at Crowdfundinsider report: Ripple has accused the Securities and Exchange Commission of distorting the facts about the status of its cryptocurrency XRP in its first […]
The leading asset class so far this year? Irony, apparently… AltFi runs a leader that’s both pithy and witty. We have our own views on the democratisation of finance – specifically as manifested in tokens and digital currencies – and we’ll be bringing these to you in a series of blogs shortly. Meanwhile, read and […]
The liberalisation of the financial-services sector continues apace. Will this latest innovation later be decried as a loophole? The protocol of Know Your Client is being tested for elasticity, if not strength and durability here. Our friends at Finextra report: UK challenger banking app Dozens has enlisted Open Banking outfit Bud to let prospective customers […]
New research on the FinTech sector calls to mind an old but useful saw: Necessity is the mother of invention. Calls for funding for research and innovation in the sector are perhaps a little shrill. If the spirit of innovation is as strong as some make out, FinTechs will find their way. It’s certainly the […]
You may have missed it, but the annual gathering of the great and the good at the economic forum in Davos, Switzerland, is taking place. It’s all happening virtually, ie, online. There have been a couple of amusingly self-deprecating comments from senior journalist bemoaning the loss of endless refreshments. There’s also been some news, notably […]
As part of our early-year focus on tokenisation and the game of catch-up being played by central banks to launch their own digital currencies (CBDCs) and related systems of regulation, we offer an excerpt from a news story by or friends at Finextra: An investigation into the use of multiple wholesale CBDCs for cross-border payments […]