What you need to know The Financial Conduct Authority (FCA) said businesses borrowing money and lending it out must have permission to “accept deposits” — which is a feature of the banking sector. Any company borrowing and lending onwards without correct regulatory...
What you need to know TransferWise has created a virtual assistant on Facebook to send money to people in different countries. TransferWise’s new Facebook service is currently available to Messenger users in the U.K., U.S., Canada, Australia and Europe. However,...
What you need to know After buying US based Moneygram and investing in Thai Ascend Money and Philippine Mynt, Ant Financial are investing in another payments network. This time it is investing in Kakao Pay from South Korea. It will help expand its services into...
What you need to know: The Internet of Things and fintech will continue to play an important role in 2017. Fintech will drive digital transformation in every business sector that generates income from customers. On the other hand, current familiar technology will...
What you need to know: Gallagher introduced its Mobile Connect Product that can secure credentials on smartphones. The product uses Bluetooth capability and FIDO authentication standard to facilitate biometric multi-factor security. Enterprise customers made Gallagher...
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...
