Scotland attracts £37m investment in fintech over the past decade
Fintech in Scotland has attracted nearly £37m in investment over the last 10 years with an emerging ‘ecosystem’ which brings together start-ups, large firms, universities and the public sector, said the Scottish Government. Scotland is now a key location for many international firms, such as J.P. Morgan, HSBC, Morgan Stanley, NCR, Ingenico and Avaloq. J.P. […]
Google steps up global fight for digital wallet as China dominates mobile payments
Mobile payment transactions in China added up to more than US$12.8 trillion last year, making it the world’s largest mobile payments market. Now US tech giants are playing catch up. To get a sense of how pervasive mobile payments have become in China, consider that on the eve of this year’s Spring Festival, 668 million […]
Venezuela launches its own cryptocurrency to escape hyperinflation
President Nicolas Maduro says Venezuela has received $US735 million in the first day of a pre-sale of the country’s “petro” cryptocurrency, aimed at pulling the country out of an economic tailspin. Maduro is hoping the petro will allow the ailing OPEC member to skirt US sanctions as the bolivar currency plunges to record lows and […]
FinTech Scotland announces partnership with FinTechNZ
Last week, FinTech Scotland announced its first partnership with New Zealand fintech hub, FinTechNZ. According to the Scotland hub, FinTechNZ is The New Zealand Financial Innovation & Technology Association. It is a working group focused on delivering economic growth in New Zealand through financial innovation. Slightly older than FinTech Scotland they have a member base […]
Temenos to create financial technology powerhouse as Fidessa agrees takeover
The boards of Temenos and Fidessa have reached an agreement on the terms of an all-cash takeover of the UK-based trading technology supplier in a transformational deal for the Swiss core banking vendor. Under the terms of the transaction, Fidessa shareholders will be entitled to receive £35.67 in cash for each Fidessa share, a 36.9% […]
Robo-adviser Wealthsimple raises $51 million to expand service
Wealthsimple, a Toronto-based online wealth management startup, has raised $51 million in funding from Power Financial Corp (PWF.TO), as it seeks to compete in the increasingly crowded digital investment advice market. Wealthsimple, which is among the group of digital investment managers known as robo-advisers, will use the round of funding to add features to its […]
Fintech Raisin crosses the channel to offer services to UK Savers
Savings marketplace Raisin has launched in the UK. The Berlin based Fintech has been expanding across the European continent but today they have crossed the British Channel to offer their services to UK savers. Raisin provides an interesting service that leverages technology to help savers to save more. Users of their site can shop around […]
Sydney Fintech Market Update
At Tier One People, we get to work with some amazing startups in FinTech and InsurTech. 2018 has got off to a flier, so here is the first Tier One People FinTech jobs update of 2018. There is an air of optimism that FinTechs are finally in a position to challenge banks, not just partner […]
