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The Relationship Between Fintech and SMEs

Throughout the last decade, the fintech sector has found much success. Looking forward, the sector is expecting to achieve even higher amounts of success and become completely different than ever witnessed before in the upcoming decade. New regulatory initiatives like the Revised Payment Services Directive (PSD2) and Open Banking were introduced to encourage competition within …

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Visa Buys Swedish Fintech Tink

Following Visa’s recent abandonment of its acquisition of Plaid, an American fintech, due to concerns from US regulators, the company has agreed to purchase Swedish fintech startup Tink for 1.8 million euros. Tink was founded in Stockholm by Swedish entrepreneurs Daniel Kjellén and Fredrik Hedberg in 2012. Banks and financial startups use Tink’s services to …

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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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The US Lags Behind Other Countries in Open Banking Regulations

Open banking is when a financial institution (FI) enables another bank, fintech, and/or a third-party provider (TPP) to access a customer’s data through application programming interfaces (APIs), provided the customer has given their explicit consent. Historically, customer data is considered secured information that is owned by the FI and is used only at the FI’s …

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UK Looks to Open Banking Apps for Fintech Boost

There’s no doubt that Brexit has left the UK in a tough spot regarding business competition. Now severed from the EU, Britain has had to get creative about how they will go forward to ensure they can remain dominant in their strongest industries and interconnected to their greatest reliable market. The fintech industry is easily …

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