News > FinTech

Study: Cloud Computing is Fastest Growing Sector in the UK Fintech Market
FinTech
A new study by PwC and Startupbootcamp FinTech London into the evolution of the fintech market in the United Kingdom shows a growing number of startups entering the cloud computing sector and fewer looking to build a payments business. Comparing the applications to Startupbootcamp Fintech London, the study found an increase to 22 percent in 2016 from 14 percent in 2015 in
US Regulators Finally Open the Door to Fintech
FinTech
After years of jumping through hoops, things are starting to look better for fintech firms in the U.S. Take it away, WSJ: Fintech got a thumbs-up from regulators on Wednesday, as a long-awaited national banking license for financial-technology firms took shape and the head of the Commodity Futures Trading Commission said he was moving quickly to see what the agency
Singapore in Fintech Tie-Up With Abu Dhabi
FinTech
The Monetary Authority of Singapore has agreed to cooperate on financial technology with the Abu Dhabi Global Market (ADGM). ADGM is a newly established financial free zone in the UAE that aims to provide a home for branches of international financial companies. “The agreement will open up new avenues and create opportunities for fintech firms in Singapore and Abu Dhabi
A Four-Pillar Framework for FinTechs
Those in financial services are familiar with the “three pillars” of the Basel Accord. This framework seeks to promote global economic growth by subjecting financial institutions to (i) minimum capital requirements, (ii) rigorous supervisory review, and (iii) market discipline standards. While the Basel Accord is mandatory for U.S.-regulated financial institutions, we have developed our own self-regulating principles, or “pillars,” for
China's Fenqile Mulls $600M US IPO
FinTech
It looks like another Chinese fintech unicorn wants a U.S. IPO. China Money Network: Shenzhen-based installment payment e-commerce platform Fenqile aims to raise around US$600 million via an initial public offering on a U.S. stock exchange later this year, according to media reports citing insiders. Fenqile provides installment plans for everything from mobile phones to laptops and clothes, and it
InvestHK's Charles d'Haussy on Hong Kong's Top 5 Fintech Priorities
FinTech
NexChange spoke with Charles d'Haussy, head of FinTech for Invest Hong Kong (InvestHK), about the explosive growth of the fintech market in this Asian financial hub of roughly 7 million people. The pledged support of the Hong Kong SAR (HKSAR) Government has been intrinsic to the growth of the market, teaming up with the private sector to build out its
South Korea Allocates 3 Trillion for Its Fintech Industry
FinTech
Unsatisfied with the trillions already invested in its burgeoning fintech industry, South Korean authorities decided that a little push would do it some good: Yonhap News: South Korea's top financial regulator said Wednesday authorities will expand "systemic" support for nascent fintech firms in the country, with 3 trillion won (US$2.6 billion) earmarked for a three-year support project. South Korea, known
'Hardcore' Fintech OS Aims to Rock Hong Kong's Financial Sector
FinTech
Hong Kong may look like a city straight out of a sci-fi flick, but in some aspects, some of its tech can be a little prehistoric. Case in point: "The technology systems serving Hong Kong's wealth management sector haven't made any progress in the past decade, putting its reputation as a global financial hub at growing risk," says Jason Tu,
3 Apps That May Be the Snapchat of the East
FinTech
Many American investors were excited to get in on the Snap Inc (NYSE: SNAP) IPO last week. With more than 158 million daily active users, Snapchat is one of the most popular social media platforms in the United States. However, at the moment, the single largest global market is the world is off-limits. The Chinese government has banned domestic use
This is the Mind-Set You’ll Need in Order to Thrive in the Future of Work
FinTech
In the 1930s, long before machine learning was anything more than a figment of popular sci-fi imagination, the Swiss clinical psychologist Jean Piaget identified four universal stages of cognitive development. His work suggested that adolescents reached a final, “formal operations” stage, in which they remained throughout adulthood. This includes the ability to think through things in the abstract and draw