This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Fast-growing UK-based fintech TransferWise has seen its valuation double following a $292 million secondary share round, per a press release seen by Business Insider Intelligence. The round […]
A new report shows insurers aren’t catering to emerging risks for consumers
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Emerging risks — including disruptive environmental patterns, technological advances, evolving social and demographic trends, and new medical and health concerns — are affecting global customers’ lives in […]
Hong Kong is facilitating big tech’s banking push
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Hong Kong’s Monetary Authority (HKMA) has granted virtual banking licenses to Ping An Insurance’s subsidiary Ping An OneConnect, Ant Financial Services’ unit Ant SME Services, Xiaomi-AMTD Group’s […]
Unskilled staff threaten banks’ ability to adapt to digital transformation
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. Only 4% of bank business and IT executives believe that the impact of technology on the pace of banking change has stayed the same over the past […]
Singapore is exploring virtual banking licenses
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. The Monetary Authority of Singapore (MAS) is evaluating whether it should allow fintech companies to operate in the city under a virtual banking license, according to the Business Times. […]
ICE is intensifying its mortgage push with a $335 million acquisition
This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers. To receive the full story plus other insights each morning, click here. US exchanges operator Intercontinental Exchange (ICE) struck a deal to acquire mortgage tech firm Simplifile for $335 million, per the Financial Times. Business Insider Intelligence Simplifile digitizes the real […]