Finance forum: Fintech

Fintech is the name of the smartphone  app area of ​​information technology in the financial sector. The apps range from payment, transaction and remittance systems to security, risk calculation, advisory and donation programmes. According to a calculation by the Fintech & Insurtech Observatory, 1,210 international startups were active in the techno-finance sector in 2018.

PensionBee confirms London IPO

Posted on 02.04.2021

PensionBee, a digital pension solutions firm, has announced it’s going public and will soon float its shares on the London Stock Exchange. The company intends to list on the LSE’s High Growth segment. Its offer price remains undetermined and the company is expected to go public at some time in May. PensionBee boasts about 1.5 billion pounds in assets with approximately 130,000 customers. It’s known for its straightforward, affordable pension plans for savers. Its transpare ...

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Envestnet-Apprise Labs tech merger is a win-win for advisors

Posted on 19.03.2021

Envestnet has decided to buy the estate and legacy planning technology of Apprise Labs in a deal agreed upon earlier this week. The details of the deal have not been disclosed. Edmond Walters will remain the sole stakeholder in Apprise Labs after the exit of Envestnet from the joint venture.   What has Evestnet bought? After the deal, MoneyGuide will add estate and legacy planning, detailed cash flow reporting, inheritance fairness planning, and trust modeling technologies to its fin ...

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Stripe valued at $95 billion after raising another $600 million

Posted on 17.03.2021

Stripe, an online payments technology provider based in Ireland, has raised 600 million dollars in its most recent round of funding. The new funding values the company at 95 billion dollars, up about three times from its valuation of 36 billion dollars this time last year.  Stripe is a fintech company that enables businesses around the world to accept payments online. It primarily makes payment processing software and APIs for mobile applications and eCommerce businesses. It was founded ab ...

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The UK Gears Up for a New Digital Bank Courtesy of JP Morgan

Posted on 08.02.2021

JP Morgan, a Wall Street company, is set to launch a new digital bank in the UK and with it comes hundreds to thousands of jobs. The move is expected to shake up the UK banking sector, which is primarily dominated by High Street lenders.  The new bank’s headquarters is set to be in Canary Wharf and around 400 people have already been hired on as staff.  It will operate under the consumer brand, Chase, which had to keep the project under wraps for nearly 2 years. This will b ...

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Is Cash No Longer King in the UK? Cash Usage is Expected To be Halved by the End of 2021

Posted on 05.02.2021

As technology advances, new payment options have become available worldwide and people are becoming more accustomed to using them. And with that, cash is becoming a thing of the past. The UK is no stranger to this dynamic and the present-day context might be pushing this transition to cashless payments faster than we thought. “Cash not accepted here” Since the pandemic touched down in March 2020, many people have been prevented from paying with cash. According to surveys,  ...

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