The Actual Impact of NFT's on Fintech
A non-fungible token, or NFT, is a unit of data linked to unique digital files on a blockchain. These tokens are commonly cryptographic assets, featuring recordings of live performances, music, or pieces of art. Records of NFTs traded across online digital markets are stored on the blockchain, in addition to transfers and bidding...
Fintechs Companies in South Korea See the Launch of a New Virtual Sandbox
With a budding financial technology industry, South Korea is prime for fintech growth. In order to develop the fintech market within South Korea, the Financial Services Commission (or FSC), has made plans to launch a digital sandbox in which they may test future fintech products and services....
Contactless Transactions Grow Huge in 2020
Across the UK, in-store contactless transactions reached a record 88.6% of all in-person card payments in 2020. With nine in ten eligible card transactions – that is, physical credit or debit card payments up to £45 – being contactless last year. The data released by Barclaycard on 22 January marks a significant moment in the...
Barclays Partnership With Fintech Flux Continues to Progress Barclays announced their investment into Flux early last year, a move that was considered to be one of strengthening their partnership. Flux, a London based fintech, mainly powers itemised digital receipts, built specifically for banks with merchants in mind. In a formal announcement it was announced that Flux powered digital receipts would...
UK's FCA Will Now Regulate the BNPL Sector With the emergence of the Coronavirus pandemic, more and more people have come to depend on buy now pay later firms such as Klarna and Affirm. In 2020, the use of the buy now pay later industry has experienced exponential growth, as BNPL providers grow into multi-billion dollar contenders. As a result,...
5 Main Reasons Why Fintech Is Important
Fintechs role in society is becoming more vital than ever, particularly due to Covid-19. Whether it's online payment systems like PayPal and Square or stock trading apps like Robinhood or Acorns, chances are we've all used fintech in one way or another. In this article, we'll look at five of the reasons why...
N26 Reaches Over 7 Million Users N26, a leading digital bank, recently celebrated surpassing 7 million clients throughout US and European markets. When they successfully reached EUR 5.5bn monthly transactions, N26 proved the overall sturdiness of a digital worth proposition. By concentrating on improving and scaling their digital banking, N26 managed to keep up with their customers' ever-changing demands. While individuals...
How to Start Investing with $500 or Less Using Robo Advisors Many people assume they don’t have enough money to invest. They figure $500 is nothing and won’t get them anywhere. What if it could? What if using robo advisors, you could invest with just $500 and turn it into so much more? What if you don’t need to be rich to...
What Do the Most Successful Fintechs Have in Common? Becoming a profitable and successful fintech company is difficult, even if you have a good chunk of funding available to you. According to the Wall Street Journal, about 75 per cent of venture-backed startups fail. So if most fintechs fail, what can up and coming startups learn from some of the...
3 Reasons Why Fintechs Are Pushing Impact Investing Years ago, if you wanted to invest in companies that have a real impact on the world, you would struggle to do so. However, fast forward to today, and it is easier than ever to invest in companies that have a positive affect on society. Fintech companies like Tickr and Clim8 Invest are...
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