Tuesday, April 16, 2024

UK challenger bank Masthaven opens for business

Online-only Masthaven bank is promising an alternative to the one-size fits all approach of conventional banks as it opens its doors to customers in the UK. Read more: www.finextra.com

Co-operation ‘the smart strategy’, says InsurTech firm

A managing director of a US-based InsurTech firm within the life insurance space says 'the smart strategy' of fintech firms to work in parallel with advisers. Read more: www.ifa.com.au

Fidor and Abu Dhabi Islamic Bank unveil digital bank

Abu Dhabi Islamic Bank (ADIB) has partnered with Fidor Bank to launch the region’s first “community-based digital bank”. Read more: www.bankingtech.com

Monzo Announces 2016 Highlights (Infographic)

Following an exciting year, which involved an epic Crowdcube campaign and name change, digital bank Monzo shared more details about 2016’s successes. Read more: www.crowdfundinsider.com

Wonga and Zoopla founders back mobile bank startup 

The founders of Wonga and Zoopla are among a series of heavyweight investors who have joined together to back a new mobile banking start-up. Read more: www.telegraph.co.uk

CoverHound expands to insurance for small businesses

Online insurance marketplace CoverHound expanded its offerings today. Read more : finovate.com

International FinTech regulatory sandboxes launched

A range of international financial authorities in collaboration with financial institutions have launched regulatory sandboxes, creating safe environments to take risks. Read more: www.letstalkpayments.com

Is robo advice the best advice?

Backers of “robo” investment platforms claim they can help advisors meet the fiduciary standard. Others aren’t so sure. Read more: www.wealthmanagement.com

Building a digital bank — from scratch

Varo Money CEO and Cofounder Colin Walsh, says that the future of banking, for millennials in particular, lies not in branches but in bots who become money coaches. Read more: www.pymnts.com

Almost 80% of financial advisors expect robo to disrupt industry

Automated and algorithm-based technology is making an impact on wealth management, 78% of US financial advisors expect industry transformation. Read more: www.fintechroundup.com