Fintech lender MarketInvoice gets a boost as Portuguese bank puts £45 million on its platform
Portuguese bank BNI Europa has agreed to lend £45 million ($57.87 million) over MarketInvoice, a UK peer-to-peer lender for small businesses.
KPMG acquires Hong Kong fintech
Accounting giant KPMG has acquired Hong Kong-based fintech Matchi, signaling the growing importance of fintech to professional service firms.
Alternative finance ‘most successful’ part of fintech market despite Brexit, claims report
UK firms such as Funding Circle and LendInvest as well challenger banks have been among the fastest growing fintech firms.
China's largest insurance company starts a fintech fund
China’s Ping An Insurance, the world’s largest insurance group, has launched its first overseas fund, aimed at investing in fintech.
German fintech lender scores €110m equity investment
Kreditech, the German consumer finance firm, has raised €110m from PayU – a leading payments provider in 16 high growth markets globally.
BlackRock and Aberdeen up stakes in Funding Circle SME Income fund
The world’s largest asset manager is increasingly bullish on fintech if its recent behaviour is anything to go by.
UK digital lenders can harness growth opportunities with more tech innovation
A new report by S&P Global Market Intelligence estimates that as of the end of 2016, nine key digital lenders in the U.K. had originated £6.69 billion in loans since their respective inceptions.
Deutsche Bank takes fintech bet with alternative credit platform stake
Deutsche Bank AG has acquired a 12.5 per cent equity stake in receivables auction platform TrustBills.
AliPay, WeChat Processed $3 Trillion in 2016
Chinese consumers sent about $3 trillion in payments through Alibaba and WeChat payment services in 2016.
Ex-Barclays CEO Antony Jenkins: We're 'beginning to see some Uber moments' in finance
Former Barclays CEO Antony Jenkins believes the global financial system is beginning to undergo the "Uber moments" he predicted in the sector a year and a half ago.