Sharing with you relevant and exciting utilization of a number of innovative technologies, be it disruptive or sustaining to the existing financial services industry.
Hello and welcome to your weekly digest about financial technology. If you’re returning from last week, thanks! If you’re new, it’s very nice to have you! Share the love and tell your fellow fintech enthusiast friends to sign up here.
Lemonade Inc. snagged 2020’s strongest initial public offering debut of a U.S. company as shares of the mobile-based insurance startup became the latest to more than double on their first day of trading.
French investment bank Société Générale has today revealed that it has acquired challenger bank Shine, an entrepreneur-focused digital bank. Shine, which has amassed over 70,000 in just two years, offers SMEs and self-employed people a fully digital bank account.
Increased online banking, new regulatory changes and Covid-19 are boosting fintech office demand across Europe. Savills European Fintech Occupier Index ranks the most attractive European cities for fintech occupiers to locate.
The brief, controversial alliance between SoftBank Group Corp. and Wirecard AG is nearing a close with the unwinding of both a marketing partnership and financial instruments behind a 900 million-euro ($1 billion) investment last year.
“Blockchain hasn’t been a game-changer. Instead, it’s essentially an infrastructure for transport and packaging. Furthermore, as in the case of digital currency-based investment classes, the problems of custody and ownership needs to be solved before blockchain can be adopted more broadly.”
TransferWise says it has received permission from the U.K.’s Financial Conduct Authority to deal in investments. The money transfer start-up says it expects to launch its first investing feature in the next 12 months. It now has 8 million users globally and processes £4 billion worth of transactions each month.
Alessandro Ravanetti- Freelance content writer and copywriter. Working in the fintech industry since 2011, I built and managed digital companies with distributed teams and international partners, gaining experience with both startups and large corporations. I am an independent expert with the European Commission, FundingBox and the Eureka Network, and an advisory board member of SXSW. firstname.lastname@example.org
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