Fidor TecS enables disruptive banking Fidor combines a full banking license with its own technology: a strong focus on APIs ensures meeting the demands of the …
“With healthcare costs rising across the developed world, many arguethat the rise of wearable technology as a way to determine health insurance premiums is inevitable–and one company in Switzerland is putting the idea to the test.”
So much for that IPO, I suppose. Good Technology, a long-time IPO candidate with reams of public financial data, was snapped up by BlackBerry this morning..
Fintech hackathons and competitions occur globally. In January 2012, Swift launched theInnotribe Startup Competition as an initiative to bring together disruptive startups and incumbents in financial services…
“Nearly 20 years ago, the launch of online payments giant PayPal shook the financial services industry. Now, a new generation of financial technology or “fintech” companies is once again breaking down the oversized doors of the conservative banking business…”
Source: www.ftpartners.com It seems like I could start writing a series around this theme, after “Why did Northwestern Mutual pay $250m for Learnvest”. FT Partners – who were the advisors of Blackrock in the transaction – produced an excellent document that not only summarises the transaction, but also lists all the main transactions (M&A and funding)(…)
“SoFi, a marketplace lender, announced it has priced a securitization of $417.6 million in refinanced student loans. It also announced SoFi was considered the first fintech company to receive an “AAA” rating from DBRS and an “AA2″ from Moody’s for the senior notes, which equaled $387.3 million.”
Available from today, local growth-stage start-ups and mature-stage global FinTech companies can apply for a co-working space within the SuperCharger.
As part of the TusPark network, companies benefit from: access to TusPark’s Global Network, which includes 30+ co-work spaces around the world, 100+ Venture Capital Firms and angel investors, media coverage, as well as experience gained from incubating over 1’500 companies….”
A standard line you hear from fintech promoters is that innovative digital technologies can liberate the world by bringing financial services to the financially excluded.
Yet, as we’ve noted on numerous occasions, there’s something disingenuous about this claim.”
The central bank has formed a new work group to develop strategies and formulate regulation around the use of new technologies in financial services.. Read more at straitstimes.com.