What you need to know: The crowdfunding industry will likely continue its move forward in 2017 because SME confidence is high, as well as government support. It will build its strength from the focus of both the public and private sectors on finance. Yet, greater...
What you need to know: Masthaven bank, an online-only bank started operating as an alternative to the conventional banks in the United Kingdom. The PRA and FCA granted the challenger bank’s license in April 2016. Masthaven Finance, a loan specialist, spawned the...
What you need to know: The Office of the Comptroller of the Currency (OCC) proposed a bank charter for fintechs that would allow challenger banks to offer more products and services without the need to collaborate with established banks. Yet, it is difficult what will...
What you need to know: This article describes central policy changes in UK, US and Canada. In the United Kingdom, changes in policy increased the amount of banking license grants and applications. They will help increase competition for the benefit of the bank...
What you need to know: The fintech industry in China has experienced spectacular growth over the past years. Millions of consumers shifted to more efficient and better alternatives from traditional banking systems. Chinese industries collaborated to hasten the growth...
