25 July 2016
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Latest innovation news

UK and South Korea build 'fintech bridge'

UK and South Korea build 'fintech bridge'

22 July 2016  |  3630 views  |  0 comments | 5 tweets | 8 linkedin

The UK and South Korea have formed a "fintech bridge" that will help financial technology firms and investors from each country gain access to the other.

Thailand considers fintech regulation

Thailand considers fintech regulation

22 July 2016  |  4018 views  |  0 comments | 8 tweets | 9 linkedin

Thailand's central bank has called for more regulation of the country's growing fintech sector in order to prevent systemic risk and protect consumers.

Standard Chartered launches global video banking push

Standard Chartered launches global video banking push

21 July 2016  |  4498 views  |  0 comments | 6 tweets | 15 linkedin

UK bank Standard Chartered is planning to roll out its video banking service to more than five million users across Asia, Africa and the Middle East.

UK firm claims largest ever P2P loan

UK firm claims largest ever P2P loan

20 July 2016  |  3143 views  |  0 comments | 5 tweets | 3 linkedin

UK-based Nucleus Commercial Finance claims it has made the largest ever P2P loan to date following a £14.5 million financing facility offered to UK steel stockholder Industrial Metal Services (IMS).

Central bank digital currency could boost GDP - BofE

Central bank digital currency could boost GDP - BofE

19 July 2016  |  3918 views  |  0 comments | 15 tweets | 9 linkedin

The introduction of a central bank digital currency (CBDC) could significantly boost gross domestic product, new research from the Bank of England suggests.

Santander doubles down on fintech fund

Santander doubles down on fintech fund

19 July 2016  |  7697 views  |  0 comments | 22 tweets | 28 linkedin

Santander has doubled the size of its fintech investment fund, from $100 million to $200 million, in what the bank describes as a sign of commitment to its philosophy of collaborating with startups.

Baidu partners ZestFinance to turn search data into credit scores

Baidu partners ZestFinance to turn search data into credit scores

18 July 2016  |  3496 views  |  1 comments | 4 tweets | 4 linkedin

Chinese web giant Baidu has made an investment in ZestFinance, a US fintech startup using machine learning to overhaul the credit scoring business. The size of the deal has not been disclosed.

Brexit-scarred London fintech startups enquire about moving to Berlin

Brexit-scarred London fintech startups enquire about moving to Berlin

18 July 2016  |  7660 views  |  2 comments | 16 tweets | 16 linkedin

Britain's recent vote to leave the European Union has prompted several London-based fintechs to enquire about moving to Berlin, claims a business development group in the German capital.

Lloyds Bank launches mentoring service for fintechs

Lloyds Bank launches mentoring service for fintechs

18 July 2016  |  4826 views  |  0 comments | 15 tweets | 8 linkedin

Lloyds Banking Group has become the latest UK high street bank to launch a mentoring service for fintech startups.

UK P2P lender MarketInvoice raises £7.2m

UK P2P lender MarketInvoice raises £7.2m

18 July 2016  |  3810 views  |  0 comments | 8 tweets | 4 linkedin

MarketInvoice, a UK-based P2P lender has secured more than £7m in its latest round of fundraising, defying the economic uncertainty around startups following the UK's controversial vote to leave the European Union.

House of Lords asks BofE deputy governor: Time for 'Britcoin'?

House of Lords asks BofE deputy governor: Time for 'Britcoin'?

15 July 2016  |  5414 views  |  0 comments | 12 tweets | 6 linkedin

Once the preserve of anarcho-libertarians, digital currencies and their underlying distributed ledger technology (DLT) are making their way onto the agenda at the heart of the British establishment as the House of Lords prepares to hear from a top Bank of England official about the prospects for a 'Britcoin'.

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