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Fintech by Country

FSC wants Taiwan to be a leading hub of Fintech firms in Asia

Viewing the changing landscape of the financial world, the Taiwan’s regulatory and other government agencies are intending to take the leap in this technology by launching a dedicated agency, providing various funding schemes and collaborating with the market participants. In February 2015, the FSC (Financial...
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SEC ordered the New York Stock Exchange to pay $14 million fine

The Securities and Exchange Commission is dead serious to punish the agencies that cause disruption to market events. Recently, SEC ordered the New York Stock Exchange to pay $14 million fine for multiple breakdowns and regulatory violations. The SEC move came after they conducted five separate...
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EBA chairperson Andrea Enria said instead of regulation a “nuance approach” is the better way to deal with cryptocurrency

The head of the European Banking Authority has no intention at the moment to regulate cryptocurrency. EBA chairperson Andrea Enria said instead of regulation a "nuance approach" is the better way to deal with cryptocurrency concerns. In a recent speech, Enria said instead of regulation,  cryptocurrencies...
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Digital only banks needs to reinvent itself in order to sustain, Survey says

Looks like digital only banks needs to reinvent itself in order to sustain its current standing in the global market. This developed after a recent survey has shown that people around the world - from India to Canada to the UK are losing interest on...
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Private equity group Nordic Capital is now the owner of a majority stake in Swedish online payments provider Trustly

Private equity group Nordic Capital is now the owner of a majority stake in Swedish online payments provider Trustly. Nordict Capital has recently purchased a majority stake of Trustly reportedly at around EUR700 million. The move of Nordic Capital is very significant for the company since...
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Ripple is partnering with some Japanese banks to launch ‘MoneyTap’

Consumers in Japan could soon find relief in doing domestic payments in the Asian country. According to reports, Ripple is partnering with some Japanese banks to  launch 'MoneyTap' a smart phone application that will enable consumer to make instant domestic payments via a bank account,...
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