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Category: Fintech

Blockchain firm Monerium thinks Europe ‘already has’ a digital euro

Blockchain firm Monerium thinks Europe ‘already has’ a digital euro

Consensys-backed e-money issuer Monerium thinks the route to a digital euro is simpler than the European Central Bank suggests. The fintech, which focuses on bridging fiat money with blockchains by issuing programmable digital cash, published a…

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UK’s Online Grocer Ocado Sued Over Patent Claims

UK’s Online Grocer Ocado Sued Over Patent Claims

U.K. online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore, Reuters reported. AutoStore said Ocado has been a customer since 2012 and alleged that Ocado’s automatic storage system is based on…

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Banks Don’t Have To Innovate

Banks Don’t Have To Innovate

OBSERVATIONS FROM THE FINTECH SNARK TANK How many times have you heard something to the effect: “If banks don’t innovate, they’ll be disrupted.” If it’s less than a million, then crawl out from the rock…

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Zopa launches its first fixed-rate savings accounts

Zopa launches its first fixed-rate savings accounts

Zopa, the peer-to-peer (P2P) lender turned banking challenger, has launched its first fixed-rate savings accounts. The lender’s banking entry makes it the ninth bank to offer UK consumers 1% interest on one-year fixed-rate deposits The…

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Merger Of Nasdaq CSD Iceland Completed

Merger Of Nasdaq CSD Iceland Completed

Nasdaq announces that the final step in the merger of Nasdaq CSD Iceland with Nasdaq CSD SE (Nasdaq CSD) took place today with the successful technical migration of the Icelandic securities market to the Nasdaq…

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Offr: Raises £2.7M in Seed Funding

Offr: Raises £2.7M in Seed Funding

Offr, a London, UK-based prop-tech platform digitizing the buying, selling and leasing process for real estate agents and buyers, raised £2.7M in seed funding The round, which brought total funds raised to date to over…

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Yapily Ever After: American Express Facilitates Bank Transfers in European Markets – Finovate

Yapily Ever After: American Express Facilitates Bank Transfers in European Markets – Finovate

Have you ever heard of open-banking-infrastructure-as-a-service? American Express has, and it has tapped U.K.-based Yapily as the provider. The open banking infrastructure company has signed an agreement with American Express to take the financial service giant’s open…

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PayActiv Receives $100 Million in Funding for Earned Wage Access Tech – Finovate

PayActiv Receives $100 Million in Funding for Earned Wage Access Tech – Finovate

Earned wage access startup PayActiv closed $100 million today for its technology that helps companies offer their employees their pay on a daily basis rather than wait for their bi-weekly paycheck. The Series C round was led by…

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The Coronavirus Cryptocurrency Craze: Who’s Behind The Bitcoin Buying Binge?

The Coronavirus Cryptocurrency Craze: Who’s Behind The Bitcoin Buying Binge?

OBSERVATIONS FROM THE FINTECH SNARK TANK Trading of Bitcoin, Ethereum, and other cryptocurrencies increased sharply at the beginning of 2020, then jumped to a new high in February—a level that was sustained for the height…

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The Online Bank Insurgency Of 2020

The Online Bank Insurgency Of 2020

OBSERVATIONS FROM THE FINTECH SNARK TANK They say Nero fiddled while Rome burned, and that may be an apt analogy for today’s banks. According to a study from Cornerstone Advisors, just 20% of bank executives think online…

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