A travesty of today’s financial system is how easy it is to launder money. Despite billions of dollars in expense...
Peter O’Higgins, who had been the CFO for Revolut since 2016, resigned last month from the fast growing fintech; this...
KYCK! is a Singapore fintech startup focused on compliance technology; the company has announced partnership with IBM for blockchain utilization to improve know your customer capabilities; KYCK! will use blockchain for identity verification and monitoring; partnership with IBM will help increase the security of data. Source
In an article in Bloomberg Revolut CEO Nikolay Storonsky defends the fast pace of growth and innovation at his company;...
2016 could be the alternative finance industry's first net negative year according to AltFi; uncertainty in capital investment was a substantial factor for the first time causing a renewed focus on retail investment; CEO turnover has been a significant factor with Renaud Laplanche's resignation a catalyst for decreased investor confidence; regulators have also caused market uncertainty with new regulations potentially adding compliance burdens for alternative finance businesses; macroeconomic factors including Brexit and the US presidential election have also increased pressure on alternative finance; despite hardships, sentiment for 2017 is mostly positive with 2016 seen as only a temporary retrenchment. Source
[Editor’s note: This is a guest post from Mark Parsells, the Executive Chairman and CEO of Global Debt Registry – a platform specifically designed...
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