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Irelands Central Bank Urged to Improve Resources for Fintech

The Electronic Money Association, which is a trade group representing major fintech companies including fintech giant Stripe, has been urging the Central Bank of Ireland to increase its access and produce more resources behind processing license applications. The Brussels-based organization told Irelands Central Banks in a letter that in order to proceed with their strategic …

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Brazil’s alt.bank Raises US $5.5 Million, Targets the Unbanked

Another day, another Brazilian Financial Technology company that is on a mission to redesign the landscape for banking in the country. On May 4th Brazilian digital bank or neobank alt.bank announced a US $5.5 million Series A funding round led by Union Square Ventures (USV). Earlier this year, Brazil’s Nubank raised US $400 million in …

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Fundamental Shift to Come in China’s Crackdown of Fintech Industry

The past couple of weeks has seen China’s government begin to crack down on its biggest innovators. Taking a page from the Ant Group playbook, China has imposed sweeping restrictions on the fast-growing financial divisions of 13 companies including Tencent, ByteDance, JD.com, Meituan and, Didi. The new requirements are much stricter regarding compliance when these …

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Global Fintech Funding Sets Record for First Quarter of 2021

In the first quarter of 2021, fintech’s around the world have collectively raised over US $22.8 billion in investments through 614 deals according to CB Insights. This amount is more than double what was raised in the fourth quarter of 2020. Also, this represents the largest venture capital-backed funding quarter ever. The first quarter 2021 …

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How Fintech Has Benefitted Latin America

Over the past few years, Latin America has seen an explosion of development in its financial technology sector. According to News America Now, it is one of the most successful and lively markets in the world. The countries in this region have welcomed these new innovations with open arms and in turn, have benefitted greatly …

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How the Stock Market is Being Changed by Fintech

The story of the past decade in the space of finance is the rise of financial technology companies and their ability to change the way we interact with banks to investments. Now it’s revolutionizing the way many investors are participating in the stock market. There are a number of business that offer services to average …

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Fintech and Banking Trends to Watch in 2021

Gustav Korobov and his team over at finextra.com have analyzed six trends happening right now and over the next eight months that could have a major impact on the banking and fintech sectors. Familiarizing yourself now will allow you to be ahead of the curve and not caught off guard. The six trends are decline …

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US Digital Bank Current, Triples Valuation, Becomes Unicorn

There’s a new fintech unicorn in town and it’s in the United States. The American-based challenger bank Current, which has seen amazing growth trends reaching three million users, announced this morning that they had raised US $220 million in a Series D funding round that was led by new investor Andreessen Horowitz. This comes on …

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