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ICBA selects first fintechs for new accelerator program Partnerships, UX improvements and speed will drive money transfer in 2019 Brexit...
TransferWise is the first fintech to join the Bank of England’s Real Time Gross Settlement (RTGS) system; described as game changing for the company the deal will allow them to lower costs, be on equal footing as banks and offer instant transfers to GBP. Source.
TransferWise is privately launching a borderless account and debit card; the move is beginning to draw comparisons to other fintech companies like Revolut; the account will be rolled out in a small launch then a full launch thereafter; the account will give you access to local bank details for the UK, US, Australia and Europe, as well as allowing you to hold and convert 28 currencies; the move is not seen as replacing the current account but is instead a partner account; the account would allow people working in different countries to convert to their local currency without the hassle of additional fees or having to join a local bank. Source.
Companies like TransferWise, Venmo and PayPal have forced banks in Europe to look at creating their own affordable real-time payments service; the idea is in the early stages but it shows the effect that fintech players can have on the traditional banks; the service would also look to head off the increased competitive threat from open banking which is set to begin in early 2018. Source.
Crowdfund Insider compiles a list of responses from fintech firms and how they are handling the current crisis; while fintechs...
TransferWise first launched borderless debit cards in the UK and Europe in April of last year; to date there have...
CNBC has released their 7th annual version of the CNBC Disrupter 50 which consists of startups who have exploited niches...
Last year we saw continued interest in a broad array of fintech companies. Recently the fintech space has become more...
This week’s PeerIQ Industry Update continues their coverage of earnings, this week focusing on Amazon; Square acquired e-commerce service provider...