Fintech firms moving in 2018: The disruptive power of the fintech firms coupled with the opportunities they provide is compelling the large tech firms to invest in such ventures. The behemoths that are participating in the Fintech start-ups are: IBM HP DELL Microsoft Accenture Globally, there are 1362 fintech companies located...
The UK and It's Fintech Foray : The world is gradually coming to terms with the crypto market and the role Fintech will have to play in regulation of that market. Fintech companies have not received the warmest of welcome in the UK but that may be as a...
The Britain’s desire to remain one of the financial hubs of the world has recently received the impetus, when the Chancellor Philip Hammond disclosed the Fintech strategy. The strategy is poised to guide, promote and encourage the financial innovation through technology. With Financial Services Trade and Investment Board to identify...
With a well-defined regulatory framework, Malta now has the world's largest cryptocurrency transaction volume. This result comes from the April 29 Business Insider report referring to recent research by Morgan Stanley. A team of Morgan Stanley researchers led by analyst Sheena Shah led a study based on volume data from Coinmarketcap on all cryptocurrency...
FCA call for input to incorporate technology in its systems. FCA (Financial Conduct Authority) of UK has taken the initiative to call for input in the use of technology to ensure effective and efficient regulation. In order for the regulated firms to provide accurate, efficient and consistent regulatory reports,...
The monetary damage caused by authorized push payment scams in 2017 among UK consumers was finally revealed to the public for the first time. The figures released to the media shows that UK consumers lost £236 million to authorized push payment scams in 2017, the first year that Britain's banks...
In the UK, financial authorities have searched 24 crypto money companies for the violation of compliance processes. Also known as the FCA; Since the beginning of this year, the crypto has been closely involved with the companies in the currency sector and has opened investigations one behind the other. While...
Various measures to uplift financial technology in the finance sector: UK launched the cryptocurrency task force as a part of its larger financial technology strategy. Further highlights of the day included the signing off an agreement to facilitate the UK Fintech firms to sell their products and services in Australia...
The agreements between countries to harmonize the Fintech related standards have recently been in the limelight. With the UK-China alliance initiated by BGTA, both the countries agreed on knowledge sharing and supported the growth of cross-border fintech activity. The primary purpose of BGTA is to benefit the UK by acting...