The latest news from the world of Alternative Finance and FinTech world
In the news this week
As the G20 watchdog says fintech does not pose a threat to financial stability, Britain is named the leader of the developed market in the adoption of fintech. ArchOver joins the ABFA, and MarketInvoice, Funding Circle, Zopa and LendInvest make the Fintech 250 list for 2017. Ethical P2P platform Abundance launches tidal power project, the first of its kind. Visa buys stake in fast growing Swedish fintech, Klarna and P2P payments app Venmo goes physical with its new debit card.
Britain is leading the developed market in fintech adoption
The UK is driving the adoption of fintech in the developed market as the technology continues to gain traction around the world, according to ...(CITY A.M.)
MarketInvoice, Funding Circle, Zopa and more make Fintech 250
MarketInvoice, Funding Circle, Zopa and LendInvest have made CB Insights’ Fintech 250 list for 2017, which awards the companies ... (Peer2Peer Finance News).
G20 watchdog says fintech doesn't pose threat to financial stability
The rise of fintech does not pose any compelling risks to financial stability, according to a review by global regulators, but this may change as the sector grows. (Reuters)
Venmo goes physical with new debit card
PayPal owned peer-to-peer (P2P) payment app Venmo is testing a new feature that allows consumers to shop in brick-and-mortar stores with a physical debit card that's linked to their Venmo account balance, according to Recode. (Business Insider UK)
Visa buys stake in fast-growing fintech group Klarna
Visa is taking a stake in Klarna in a sign of the Swedish fintech’s growing presence in online payments. A week after Klarna became the largest European fintech to receive a banking licence, Visa said it was making a strategic investment through the purchase of a stake of less than 10 per cent as well as offering a future partnership. (Financial Times)(Subscription required)
Abundance launches tidal power project for P2P investors
Ethical peer-to-peer platform Abundance has launched a new project allowing P2P investors to fund tidal power for the first time. (Peer2Peer Finance News)
ArchOver joins the ABFA
ArchOver has become a member of the Asset-Based Finance Association (ABFA), the trade body for invoice finance and asset-based lending. (Bridging & Commercial)
We have Apple to thank for a decade of fintech revolution
The iPhone has not only led to significant technology advancements in the smartphone space, it has also been the driver of mass industry transformation and resulted in the creation of new and radical business models. (CITY A.M.)
The Marketing Eye says
IMPRA 2017 – a showcase for Industry talent & innovation
‘Great occasion, great venue and great showcase for the Insurance industry’ sums up my feelings about the Insurance Marketing and PR Awards (IMPRA) 2017.
Marketing activity so bad it’s quite literally criminal
A news article came out through the Bangkok Post (we found it through The Verge) last week about the arrest of three Chinese nationals. The trio had been ...
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