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 […]
There’s a lot going on in our sector just now, with a rush of FinTech companies on both sides of the Atlantic seeking IPOs. Crowdfundinisder reports a preparatory step, a funding raise in the UK: FaizPay, a company offering a truly multi-channel fast and fair payments service that’s built on Open Banking rails, has secured 87% […]
There’s not just gold in them there FinTech hills, as the saying goes, but actual money – in the form of fiat currency and possibly cryptos too. Our friends at Altfi report on how the Fintech sector has performed for those who invested in its companies: Early bets on fintechs like Klarna, Starling Bank and Wise are paying off handsomely […]
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Cambridge, the western corridor along the M4 motorway and London have long been the major clusters of technology and FinTech companies in the UK can be found. That concentration is diluting outwards across the country, as our friends at Finextra report: The UK’s fintech scene has become much less London-centric over the last couple of […]
As previously reported in this News section, central bank digital currencies are at the cutting edge of the struggle between the old system, of money and value exchange and the new. Our view was, and remains: “While CBDCs may be digital currencies… they are not cryptocurrencies. Cryptos have a money supply and validation run by […]