Scaling a challenger bank from the back to the front
Challenger banks start from a pretty grim position – most of them don’t have any customers. So how are they scaling? Read more: www.bankinginnovation.com
Robo-Advisers financially unviable and flouting FCA rules
UK robo-advisers have come under attack in a scathing new report, which alleged their current business models were unsound and they could be breaking regulatory rules.
Read more: www.professionaladviser.com
Ageas launches ‘tinder style’ InsurTech app
The Back Me Up app targets millennials and enables them to insure three items, such as a phone, for £15 per month. Read more: www.insuranceage.co.uk
Everplans secures $6.4 million in Series A funding
Everplans, a platform that guides people through creating, storing, and securely sharing all of the important plans and information their family would need in one place. Read more: www.prnewswire.com
WealthApp pockets $440,000 for robo-investment app
Investment advisory app WealthApp Financial Advisors has raised $440,000 in angel funding. The Bengaluru-based startup aims to help users take their first steps in investment. Read more: www.fintechroundup.com
Starling Bank, a digital-only UK bank, launches beta
Starling Bank, one of a number of digital-only or so-called “challenger” banks in the U.K., is launching a beta. Read more: www.techcrunch.com
Fintech gambles draw insurers in Europe
New deals highlight the rush by Europe’s time-honored insurers to get in on the technology that’s changing financial services on Wall Street. Read more: www.bloomberg.com
Deutsche Bank to back InsurTech startups
Deutsche Bank is joining forces with startup accelerator Axel Springer Plug and Play to back banking and insurance startups with cash and other support. Read more: fintechranking.com
RegTech has become a crucial pillar of FinTech
The financial sector adheres to strict regulations, including the FinTech companies changing the world of finance, but the technology handling regulatory compliance is also adapting. Read more: www.industryandbusiness.ca
Schwab ‘robo advisor’ doubled assets over the last year
Investments in Charles Schwab Corp's "robo adviser" service grew to surpass $10 billion in September, more than double. Read more: www.wealthmanagement.com