Britain leading the way in fintech adoption, report shows

Britain is leading the way in fintech adoption in the developed market, according to a new report from professional services and Big Four firm EY. EY’s fintech adoption index showed that 42 per cent of consumers in the UK are now using fintech services. However, there has been growth worldwide when it comes to the […]

By Reposted by International FinTech | FinTech . Insurance . Payments

Aviva embracing artificial intelligence in quest to become fintech firm

Aviva is eyeing acquisitions in artificial intelligence and big data as it looks to overhaul the insurance industry and transform itself into a fintech firm. Chief executive Mark Wilson said the 321-year-old insurance giant had built a good balance sheet and was primed to use it to ensure the business remains a step ahead of […]

By Reposted by International FinTech | FinTech . Insurance

Trov, the world’s first on-demand insurance platform, closes A$59m Series D funding round

Trov, the technology company revolutionising insurance for the tech-empowered consumer, today announced that it has closed AU$59.44 million (US$45 million) in Series D funding led by Munich Re / HSB Ventures, bringing its total funding to just over AU$112.28 million (US$85 million). All of Trov’s Series C investors participated in the round (Oak HC/FT, Suncorp […]

By International FinTech | FinTech . Insurance . Investing . Venture Capital

The Benzinga Global Fintech Awards – entries closing soon

The Benzinga Global Fintech Awards May 11, 2017 in New York, is the premier event in Fintech, celebrating financial innovation from around the world. The Benzinga Awards is a competition to showcase the companies with the most impressive technology, who are paving the future in financial services and capital markets! Applications are still open, so apply now […]


Law firms cosy up to UK fintech community

Top law firm Slaughter and May is to give five fintech startups free legal services worth tens of thousands of pounds. Meanwhile, another law firm, Simmons & Simmons, is launching a fintech and regtech student support programme with London’s Queen Mary University. Simmons & Simmons and Slaughter and May are both keen to woo members […]

By Reposted by International FinTech | Blockchain . FinTech . Insurance . Investing . Payments

Traity releases micro-insurance product ‘Kevin’ in open blockchain balance sheet

Traity, a network that builds reputation standards, has collaborated with Suncorp, the largest Australian insurance conglomerate, and announced the release of a new micro-insurance product ‘Kevin’ in an open blockchain balance sheet. In an ‘Open Blockchain Balance Sheet,’ for every new transaction that Kevin approves, it buys $10 worth of bitcoin. When a transaction ends […]

By Reposted by International FinTech | Bitcoin . Blockchain . FinTech . Insurance

Can the internet revolutionise finance in China?

Internet finance in China has developed rapidly over the past several years. Internet finance embraces a huge range of activities, including third-party payment, online lending, direct sales of funds, crowd-funding, online insurance and banking and digital money. Public sentiment towards internet finance has moved the full gamut from fever pitch to fear. What is the […]

By Reposted by International FinTech | Borrowing . FinTech . Insurance . Lending . Payments . Peer-to-Peer

Trov, the world’s first on­-demand insurance app for single items, launches in the UK

Trov, the company reinventing insurance for the mobile generation, today launches its world leading on­-demand insurance platform in the UK, in partnership with AXA Insurance. For the first time, people in the UK can easily insure just the things they care about, entirely from the convenience of a mobile app. With a simple swipe, users […]

By International FinTech | FinTech . Insurance