News > FinTech

After a big, fat no to blockchain, ECB is taking a second look
FinTech
In early 2015, the European Central Bank (ECB)  publicly opposed to the idea of cryptocurrencies -- calling them "inherently unstable." A lot can happen in a year. It now seems the ECB is seriously looking at how blockchain can be used to run the region's securities and payments systems. Here is an excerpt from a new consultative report released by the
Fintechs find reminders, games help consumers improve saving, spending habits
FinTech
I recently spent some time at a conference with Josh Reich, co-founder and CEO of Simple, a smart-phone-based system for consumers to manage their financial affairs. Simple was among the first mobile-first banking applications to emerge during the financial crisis. Moven was the other, and both are focused on helping consumers to adopt healthy spending and saving habits. Reich had
Video: China visit to London a ‘landmark’ for startup community
FinTech, Video
Gavin Poole, CEO of real estate firm Here East, tells NexChange the visit by China President Xi Jinping to U.K. is already reaping new programs between the two countries.
Video: Seed funding, crowdfunding on the rise in London startup scene
FinTech, Video
  Seed funding is on the rise and crowdfunding is likely to be next, says Gavin Poole, CEO, of real estate company Here East. Poole also discusses with NexChange the impact of the 500 million pound sterling venture capital fund created by China's Cocoon Networks to invest in U.K. and European startups.
Video: 2016 likely to see more growth in fintech investment and more B2B startups
FinTech, Video
  The coming year is likely to see continued expansion in fintech investments, says Gordon Innes, CEO, London & Partners. That would come on top of the $600 million invested in London fintech companies. In an interview with NexChange, Innes says B2B startups are beginning to crop up.
Will impressive numbers on Apple Pay's first day in China convince doubters?
FinTech
So Apple Pay has wrapped up its first day in China and already we have some impressive numbers. According to Tech In Asia, the local media are claiming that as many as 80, 000 cards were being registered with the platform every minute following the Thursday's launch. However, the naysayers have been quick to poor cold water on the figure,
Video: Chinese investors coming to London, the second largest hub for offshore renminbi trading
FinTech, Video
  Chinese investors are taking a closer look at London -- now the second largest offshore trading center for renminbi, says Gordon Innes, CEO, London & Partners. In an interview with NexChange, Gordon discusses what makes London such a magnet for fintech entrepreneurs and investors.
Say thank-you to these fintechs. They are making it possible to buy pot legally in the US
FinTech
As legalization spreads across the U.S., marijuana is becoming big business. Startups keen to capitalize on cannabis have sprouted up all over the country and the plant's popularity as a medicinal aid and a recreational drug is growing. But it's not an easy business. While some states now tolerate the trade, the same can not be said of the many banking institutions
Apple Pay branches into China this week -- finally
FinTech
So, Apple is rumoured to be launching its Apple Pay service in China this week. According to Tech In Asia, news of the launch was leaked by China Guangfa Bank via its WeChat account. China Guangfa -- one of the several banks with UnionPay cards that have teamed up with Apple -- says the new service will launch on Thursday,
Ethereum is not a cryptocurrency and five other fun facts
FinTech
As the focus shifts more to blockchain, bitcoin is starting to look more like a flash in the pan. Not only has the price of bitcoin stumbled since the beginning of the year, but disagreements over the cryptocurrency's future has led to some of its major developers walking away from the project. Interest, it seems, is waning. The same cannot be