“Blockchain — good, bitcoin — bad” has been quite a theme in financial circles recently. While many recognize bitcoin’s cost- and time-cutting benefits, big FIs in particular still seem unlikely to trust this new currency. When banks look into improving their payment rails, using bitcoin is not on top of the agenda,Read More
Post Tagged with: "Santander InnoVentures"
Atlanta-based small business lender Kabbage is snapping up bank deals in Europe. Yesterday, the company announced it had reached an agreement with Santander UK to serve the bank’s SME customers. This follows a similar deal with ING in Spain last October. “Kabbage’s business growth throughout Europe, the Middle East and Africa has been exponentialRead More
Fintech startups are everywhere, but banks still own the customer, right? Maybe not. An interesting discussion took place last week in Tel Aviv at Bank Innovation Israel between three bankers with differing viewpoints on this issue. The panel discussion, hosted by Paul Schaus, CEO of the consultancy CCG Catalyst, wasRead More
TEL AVIV — Mariano Belinky is arguably the Most Famous Man in Fintech Today. And not just because of his Spanish accent. No, it’s because Business Insider made a big deal last week about how Belinky has reviewed 820 fintech startup pitches this year for the bank’s $100 million VCRead More
Funding Circle and Kabbage, both alternative lenders for small businesses, are heading across the pond. Marketplace lender Funding Circle, which began in the U.K. in 2010 before moving to the U.S. in 2013, is expanding to continental Europe with the acquisition of Berlin-based Zencap, announced Oct. 20. This fits Funding Circle’s growth strategyRead More