FinTech Archives - InsurTechForum

Revolut opens tech hub in Berlin

July 11, 2019July 11, 2019 Timo DregerFinTech

Fintech startup Revolut is opening a small tech hub in Berlin. There’s already a ton of fintech talent in the city, as it’s the hometown of N26. The company plans to hire 80 people at first for many different tech jobs, from software engineering to data science, product and growth. And this isn’t just about Read More

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Africa’s Fintech Ecosystem Raised $320m And Grew 60% In Two Years

July 4, 2019July 11, 2019 Timo DregerFinTech, VentureCapital

Yoco is a successful South African fintech startup, which offers a this card reader. Africa's fintech companies have raised $320 million in funding since January 2015 and the ecosystem has surged 60% in the last two years. The continent's fintech firms have grown to 491 from 301 in 2017, while the $132.8 million raised in Read More

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Compared: Facebook Libra and Calibra vs Apple Pay

July 1, 2019July 1, 2019 Timo DregerBlockchain, FinTech

Last week, Facebook announced Calibra, a subsidiary of the social network that will introduce a digital wallet for Libra, a new blockchain currency for use by anyone who can use Messenger and WhatsApp, even those without access to fundamental financial services. AppleInsider compares what Facebook's offering will provide with Apple Pay and its plethora of Read More

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Online bank Monzo valued at £2bn following £113m funding round

June 25, 2019June 25, 2019 Timo DregerFinTech, VentureCapital

Funding round includes Y Combinator Continuity, Latitude Venture Partners, General Catalyst and Stripe Online-only bank Monzo has closed a new funding round doubling the startup’s valuation to more than $2.5 billion (£2 billion), making it one of the UK’s most highly valued fintech companies. Monzo last raised funding late last year at a valuation of Read More

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5 Trends to Watch for in Banking and Technology

March 20, 2019March 21, 2019 Timo DregerFinTech

As tech and banking join forces, here are some major trends that could impact your finances. Image source: Getty Images. What happens when technology and banking join forces? Last year was a record year for the FinTech -- or financial technology -- industry, and 2019 is poised to produce continued growth for the sector. As Read More

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Regional banks must merge to meet tech challenges

March 20, 2019March 21, 2019 Timo DregerFinTech

Last month, the regional banks SunTrust and BB&T announced the largest bank merger since the 2008 financial crisis, one that would create the sixth-largest bank in the U.S. At the time of the announcement, some commentators interpreted the deal as the latest in a long tradition of regional players consolidating to gain scale and reach. Read More

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A Low-Risk Way to Bet on Fintech and Blockchain

March 20, 2019March 20, 2019 Timo DregerBlockchain, FinTech

There's no shortage of companies working to disrupt the financial services industry. Shares of fintech companies like Square and PayPal have soared in recent years, with investors betting there's money to be made removing friction and reducing costs in the payments industry. As the world continues to shift away from cash and toward digital Read More

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UK bank to trial fingerprint technology for card payments

March 12, 2019March 12, 2019 Timo DregerFinTech

Frint technology for card payments Two hundred customers are to take part in the pilot, which will enable them to use their fingerprint to verify payments. "Contactless" refers to a cashless method of paying for something, whereby a customer physically hovers or places their card or contactless device over a reader to make a payment. Read More

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Facebook’s cryptocurrency could be a $19 billion revenue opportunity

March 11, 2019March 12, 2019 Timo DregerFinTech

Payments could help Facebook develop an entirely new revenue stream aside from advertising — something “sorely needed at this stage of the company’s narrative,” says Barclays internet analyst Ross Sandler. Barclays see as much as $19 billion in additional revenue in its “upside case” for Facebook by 2021 if its cryptocurrency plans work out. The Read More

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How Blockchain to Fintech can Increase Your Profit!

March 11, 2019March 11, 2019 Timo DregerBlockchain, FinTech

How Blockchain to Fintech can Increase Your Profit! Image Credit: Stockunlimited Since the past couple of years, Blockchain is the buzzed terms for the industry. “A subsequently step that maintains a continuous growth of transactions from distributed traditional method towards modern database globally to integrate with all types of machines and source of data”. “The Blockchain Read More