Zopa, the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported. “We never thought we would be launching in such an extraordinary set of circumstances, but we believe that,...
Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Singapore’s FinTech firm ADVANCE.AI, Hong Kong’s financial services company Sheng Ye Capital and Singapore’s firm Phillip Capital are the most recent in a series of contenders for critical business permits...
B2B payments and international money transfer company B2B Pay has announced plans to become a regulated financial institution, and is looking to investors to fuel its growth. In an announcement sent to PYMNTS, B2BPay Founder and CEO Neil Ambikar said the company will pursue becoming...
Cryptocurrency company Sygnum is planning to apply for a banking license in Singapore. The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned for a capital markets services license, which will allow the firm to offer asset management...
April 03, 2023
It’s one thing to envision building a financial ecosystem: A digital front door where users lock into a continuum of banking, payments, app-driven activities that flow naturally across hardware, software and social media too. It’s another to put it in place. As reported here, Elon Musk is mulling the ways and means to, as he said, […]
June 24, 2020
Zopa, the United Kingdom-based peer-to-peer (P2P) lender, has reached its latest milestone and received its banking license as it takes on traditional banks, the Financial Times reported. “We never thought we would be launching in such an extraordinary set of circumstances, but we believe that, if anything, these circumstances make the proposition even more relevant,” […]
January 07, 2020
Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. Singapore’s FinTech firm ADVANCE.AI, Hong Kong’s financial services company Sheng Ye Capital and Singapore’s firm...
August 29, 2019
Cryptocurrency company Sygnum is planning to apply for a banking license in Singapore. The company, which is based in both Switzerland and Singapore, has been talking with regulators and petitioned...
December 19, 2018
San Francisco-based FinTech company Square, known for its white card readers, has once again decided to become a banking establishment, according to a report in The Wall Street Journal. The...
