Friday, December 9, 2016

LATEST NEWS

Using InsurTech for transformation, not disruption

There is a key difference between the introduction of the internet and the increase in companies within the InsurTech space. Read more: www.insurancejournal.com

FinTech envoys for Scotland appointed

The UK Government is appointing two FinTech envoys to help Scotland realise the benefits of the boom in financial technology innovation. Read more: www.finextra.com

Chase Pay looks to LevelUp for restaurant payments app

Chase customers can now use the Chase Pay app to order ahead and pay at participating quick-service restaurants. Read more: www.businesswire.com

Japan Could Drop 8% Bitcoin Sales Tax By Mid-2017

Japan’s plan to drop an 8% sales tax on bitcoin purchases could take effect as early as July 2017, according to documents obtained by CoinDesk. Read more: www.coindesk.com

Scotiabank and QED to invest in LatAm FinTech startups

Scotiabank and QED Investors have teamed up to launch a venture capital platform that will invest in Latin American FinTech startups. Read more: www.pehub.com

Bitstamp launches equity offer for investors

Bitstamp is offering ordinary investors equity with the aim of raising $1.2 million in return for 2% equity. Read more: www.cryptocoinsnews.com

FinTech Revolut raises fees as it waits for licence

International money exchange startup Revolut has become to latest FinTech to increase the fees it charges to customers. Read more: www.businessinsider.com

ZestMoney nabs $6.5m for point-of-sale loans

Point of sale consumer lending startup ZestMoney has picked up $6.5m in Series A funding. The round was led by Indian online payments firm PayU. Read more: www.fintechroundup.com

Stellar taps new partners for global payments

Companies across Europe, Asia and Africa, will use Stellar’s infrastructure to move money across borders. Read more: www.pymnts.com

Brazil-based Nubank grabs $80m for digital credit card

Brazilian digital financial services firm Nubank has raised $80m in a Series D round of funding. The investment was led by DST Global. Read more: www.fintechroundup.com