The American entity thus becomes the first bank to make a strong bet on digital currencies. It will have a restricted use to transactions between large investors, excluding individuals. The US bank JPMorgan Chase announced the launch of its own cryptocurrency, JPM Coin. Which will be indexed on the dollar…
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The direct bank N26 is considered one of the stars of the German startup scene. The bank is currently opening more than 10,000 accounts a day, says its founder. However, this seems to be at the expense of customer support. The startup magazine Gründerszene reports of a N26 customer who…
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Axel Seitz taps the N26 app on his iPhone, but he can not log in. The access data for his account are not valid, so the error message. Because he urgently wants to transfer money, Seitz tries to reach the bank by phone – and finds that there is no…
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In Mexico, traditional banking has had difficulties in offering high-level service, especially in the digital age. In fact, only 35% of Mexicans who have a bank account have stated that their bank offers good products and services. In this way fintech have a great potential to improve this problem, and…
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Cryptocurrency startups in Bermuda can now open bank accounts in New York. In a press release, the Bermuda Government announced that it is partnering with the Signature Bank based in New York. According to the launch, the agreement will allow Fintech companies in the island nation to access US banking…
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A worldwide phenomenon is the emergence of Fintech Startups, which have been considered the “ultimate bak disruptor” by large companies such as JP Morgan, meaning that they manage to challenge the financial monopoly of banks. However, a phenomenon that is occurring in the United States is the rebirth of small…
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At a time when many banks are looking to invest in fintech companies, open banking fintech Raisin is taking the road less traveled by buying MHB Bank of Frankfurt. Its longtime service bank. Raisin operates an online marketplace for savings and investments across Europe hoping to grant wider access to…
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In the near future, will we ask for a mortgage on Facebook? And will our checking account be on Amazon? Maybe on Google? It is not such a remote hypothesis; In fact, it has been circulating for some time. But now it seems that the thing is serious, with all…
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Who wanted to save in Germany, the fees incurred in trading securities, previously had to invest his money with foreign providers. Because even though this is advertised here, in reality, often only account for the custody costs. Paid for the actual stock trading anyway. But when it comes to three…
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It’s like putting together a gigantic puzzle. Tech freaks, the banking world, government, regulators, and now even the central bank, they all do their part to make the Swiss fintech industry stand out. The picture took some getting used to. Andréa Maechler, Member of the Governing Board of the Swiss…
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