The Japanese government are set to make it easier for the country’s fintech startups to trial new services and technology. Their financial authorities are introducing a pro-innovation sandbox that will offer firms the opportunity to conduct regulator-free trials. A government agency will review proposals from developers and startup fintech firms.
The battle to be the best overseas money transfer service is hotting up. Revolut, has announced that it is scrapping its 0.5% fee on all international money transfers under £5,000 pounds sterling. The 2-year-old fintech startup has raised more than $15m from well-known London VCs such as Index Ventures and
London based money transfer service WorldRemit will join forces with Moroccan financial services company Wafacash to allow customers to send remittances for collection at Wafacash’ 1,620 stores in Morocco. There are more than 8 million Moroccans currently living overseas, and 7% of Morocco’s GDP is made up of remittance payments,
The UK’s Financial Conduct Authority (FCA) and its Hong Kong equivalent, the Securities and Futures Commission (SFC) have signed a co-operation agreement that will promote information sharing between the two regions, and introduce a referral system that will make it easier for approved, UK based fintech startups to set up
Borderless bank accounts for sole-traders, SMEs and freelancers will reduce cost of sending money to different countries. TransferWise have taken the ground-breaking, but entirely logical step of introducing “borderless” bank accounts for freelancers, businesses and sole traders who need to frequently conduct cross border trades and payments.
Fintech giant is rapidly becoming a global force. Ant Financial is the wholly owned subsidiary of Alibaba Group Holding Ltd; the fintech arm of the Chinese ecommerce giant that raised a staggering $4.5 billion in Series B funding back in April 2016, in a round led by the China Construction
Starling bank are arguably the UK’s most exciting Fintech “Challenger Bank” – that is, a new kind of firm offering users a different kind of banking proposition; simple, transparent, and without the hidden fees and charges that can make high street banks so unappealing to modern, mobile savvy millennials.
After trialling the product for some time over here, Square, the US based payments provider startup founded by Twitter CEO Jack Dorsey, has finally launched in the UK. Square, which floated on the New York Stock Exchange in November 2015 at a valuation of around $6bn, provides independent traders with
The “Big 4” Challenger Banks London may not be the world’s biggest FinTech hub, but there is an argument that says it is the most disruptive, and especially within the retail banking space. There are no fewer than 5 recognised “Challenger banks” in operation currently, 4 based in London, and
It’s no secret that during the past decade, China has re-emerged as a world super-power, and we have seen the emergence of a new middle class that is more affluent, and bigger spending, than almost any other demographic anywhere in the world. But targeting this demographic has not always been
With promises of warmer weather, fantastic opportunities, and exciting cultures to explore, it’s no wonder that more than 300,000 people in the UK opt to emigrate to other countries each year. Australia and Canada are two of the top choices for Brits, especially those moving for work purposes, so what are some the best
If your business is considering making an overseas hire – congratulations! In business, expanding internationally can be extremely rewarding, both financially; in terms of driving the growth of the business and discovering new markets to sell your product into; and culturally – seeing how things get done in contrasting business