As the news broke of Brexit becoming a reality in the early hours of June 24th, all the key players have been issuing statements in response. read more ..
There’s more funding for the challenger/neo/smartphone banking space as Berlin’s Number26 announced $40m of fresh funding. The firm says it now has 200,000 customers in eight countries.
The hype might be soaring around fintech right now, but investing in the financial services of tomorrow is nothing new for legendary Silicon Valley startup accelerator Y Combinator (YC). From PayTextMe in its first batch over a decade ago, to the likes of Stripe, LendUp and WePay, Y Combinator has invested in some of the world’s most promising financial tech companies.
We want to know our readers think about the fallout from the EU referendum and Brexit's effect on the UK FinTech scene. Tell us how you voted and what the consequences will be!
Circle lands $60m new funding, announces China subsidiary and plans Spain launch.
The number of EMV chip cards in global circulation has increased to 4.8 billion by the end of 2015, an increase of 1.4 billion year-on-year, according to Global technical body EMVCo.
Following the predictions made by the British public that include the UK becoming a cashless society within the next two decades and clothes being connected to the internet, this infographic from Wirecard and Statista takes a detailed look at the rise of the Internet of Things from various angles and tracks the increasing amount of cashless transactions being made.
After Visa recently announced that it is changing its chargebacks policy in a bid to increase EMV migration following the October fraud liability shift, American Express is doing the same by allowing merchants to avoid being liable for for chargebacks for counterfeit fraud when a transaction is under $25.
FinTalk: “Don’t just sit and let the status quo happen” – Liz Lumley, Startupbootcamp Fintech & Insurtech
In the latest episode of the FinTalk podcast we sit down with Liz Lumley, director of global ecosystem development at Startupbootcamp Fintech and Insurtech in London. Tune in to hear our conversation about the evolution of the finance industry, the opportunities for technology to help democratise access to financial services and transform banking, tackling diversity issues and what’s next for fintech.
So you know cash and acronyms? Well let's take it digital and see how well you know your e-commerce trivia!
Circle Pay wants to make paying your friends as easy as sending a message. We chat to the firm's European MD Mariele Flament about the company's plans in the UK.
A new study commissioned by London & Partners, the Mayor of London’s promotional company, found that the majority of Londoners believe the UK will be cashless by 2036.
More than 70 per cent of payments in Italy are still made by cash. We spoke to Giovanni Mistè, regional vice president at TNS Italy, to find out how alternative payment players can make a splash in this unique market.
The road of America's EMV migration has been one of missed and rejigged deadlines and targets. However, according to Visa - which described the liability shift as a "significant undertaking" - a more positive mood is in the air as over 300 million chip cards in market and 1.2 million merchant locations are now accepting chip cards. An average of 23,000 new merchant locations become chip-ready each week.
Balancing the need for regulation with allowing innovative ideas to flourish is tough, and nowhere more so than in finance. That’s precisely why the UK’s progressive approach to regulating fintech companies stands out in Europe and the wider world.
Fintech is talked about as one of the most exciting segments of technological disruption right now, but after the implosion of so-called UK unicorn Powa Technologies and trouble at high profile US online lenders Lending Club and Prosper there’s been something of a sobering in the space.