German InsurTech companies were more popular with investors than ever before in 2018. More than $ 173 million was invested in startups in the digital insurance industry, according to the findings of an InsurTech funding study by Finanzchef24. Digital direct insurers received the most investments Especially digital direct insurers aroused…
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FinTecSystems received the BaFin permit as an account information service as well as a payment initiation service. In the competition of the Fintechs the Munich can now offer their services from the digital bank information to the payment initiation regulated. They are very happy about the BaFin permit. They have…
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Headquartered in Australia, Airwallex is the latest technology company to enter the unicorn club of one billion dollars. The company announced today that it has closed a $ 100 million Series C round that values its business above $ 1 billion. Airwallex Started in Melbourne in 2015 by four Chinese…
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The former Soviet republic of Georgia, which occupies picturesque mountain valleys and rugged ridges of the southern Caucasus. It has roughly the same population as the state of Connecticut. It is known for being the birthplace of Joseph Stalin, as well as being one of the oldest wine regions in…
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Apple has announced that it will launch a credit card in collaboration with Goldman Sachs. The card will return 2% when used with Apple Pay and 3% in purchases at Apple. It will also offer a 1% on purchases made with the physical card. At the moment only its launch…
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Finnovating, the international open innovation consultancy, has celebrated the fourth edition of the Fintech Unconference, which has brought together the 100 most innovative CEOs of the financial technology sector, which already employs 7,500 professionals. The sector shows its consolidation and maturity, growing in the last year by 50% in employees…
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Automated portfolio managers use algorithms to decide where to invest your money. Its advantages are greater profitability and lower costs due to lower commissions. Would you let an algorithm decide how to invest your money? Would you trust a robot to guide your investments? The number of people who do…
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Thanks to excellent conditions, the fintech industry in Switzerland is growing dynamically, as a study shows. She finds clear words on the prospects for the banks: further development or irrelevance. Martin Hess is Head of Economic Policy at the Swiss Bankers Association The Institute for Financial Services Zug (IFZ) notes…
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The digital bank N26 is currently struggling with its growth. Phishing scams and customer communication problems could discourage customers and hurt the entire fintech industry. A very impressive growth A few days ago, N26 founder Valentin Stalf said in an interview that the digital bank is winning 10,000 new customers…
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The blockchain hype train has been derailed as people realise that the technology won’t change things overnight. That’s the view of FinTech heavyweight Chris Skinner, Chair of the European networking forum The Financial Services Club and Nordic Finance Innovation. What did he say? In a blog post, he says: “I…
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