UK banking app Revolut seeks Australian banking licence
Revolut is seeking a banking licence in Australia and is engaged in talks with the country’s regulator to be allowed to take customer deposits.
Mortgage advice fintech lands £11m funding
Rather than charging commission or fees for selling homes Strike earns referral fees from mortgage lenders, insurance providers and solicitors.
Covid-19 forcing the fast growth of the Australian regtech sector
Costs of compliance and cyber security, new market entrants and a more stringent regulatory regime are forcing the Australian regtech sector to mature.
Hong Kong goes all-in on fintech
The Hong Kong Monetary Authority (HKMA) is to establish a new fintech group to formulate supportive policies for the local fintech ecosystem.
Wayflyer grows Australian business with new investments and partnerships
Wayflyer plans to expand its presence in Australia through new hires and investments in the country’s rapidly growing SME-sized eCommerce businesses.
Stripe has raised a new round of funding to accelerate momentum in Europe
Stripe, which builds economic infrastructure for the internet, has raised a $600 million (€500 million) funding round at a $95B (€80B) valuation.
DTCC proposes approach to shortening U.S. settlement cycle to T+1
DTCC has released an industry roadmap for shortening the settlement cycle for U.S. equities to one business day after the trade is executed.
UK fintechs seek ‘cure for Brexit’ in Lithuania
Thanks in part to Brexit, Lithuania is becoming a fintech hub as a growing number of UK-linked digital financial companies are getting licences there so they can continue to operate in the European Union. The Baltic eurozone state with a population about a third the size of London is now leading the EU in fintech with over 230 companies, according to the Invest Lithuania government agency. About two dozen have links to Britain. One of the first to come after the 2016 Brexit referendum was London-based Revolut bank. “Lithuania is currently a hub for our European operations after Brexit,” Virgilijus Mirkes, CEO of Revolut Bank in Lithuania, told AFP. “We […]
