Transferwise has obtained a license from the UK’s Financial Conduct Authority to offer retail investments to clients; while Transferwise has been primarily focused on international payments it has been starting to push into banking; in 2018 it started offering a borderless multi-currency bank account tied to a debit card; this new UK offering will allows users to invest passively in investment funds from third-party providers; TransferWise said it expects to launch its first investing feature in the next 12 months in the UK and hopes to roll out this feature to other regions after that. CNBC.
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.