The European Union, known for its rigorous approach to consumer protection, has recently taken significant steps to reform its Consumer Credit Directive (CCD). As consumer credit becomes more prevalent across member states, this move signifies the EU’s proactive approach to financial regulation, particularly on the retail side.
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In this week’s FinTech Wire we will hear from startups Proportunity and XanPool that raised new fundings and revealed their plans for growth. We will also discuss the outcomes of the successful collaboration between Clausematch and Barclays that dates back to 2014 and learn about a brand new, minority-focused initiative by Wealth8 and WealthKernel.
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This week was especially rich in good news from the UK and EU FinTech industry, however some disturbing things happened too, mostly in the crypto market, with another major bank banning transfers to the largest crypto exchange. Read the news for all the details you need!
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At some point anyone who ventures into financial services has to try and navigate the tricky maze of compliance and other regulations. In this episode of Ask Me AnyFin we chat with Alan Blanchard to find out how RegTech can help businesses easily comply with constantly changing regulations. How to keep up with these changes? What interesting solutions are available in the market? You’ll find the answers in our interview!
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How is 2021 going so far? Maybe it’s hard to tell after a few weeks, but one thing is true: the FinTech world won’t stop surprising us with innovations, rumours, and even scandals. So what news made headlines of the top industry media last week? Read on!
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