Investment without Banking

Investment without Banking

Imagine, for a moment, you were a new member of China's growing middle class, and looking to invest your savings. You'll soon discover that without political connections, your investment opportunities are limited to a filtered selection of domestic companies; lucrative companies are listed elsewhere, and only available to foreigners, state officials, and....

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Mobile Banking App Dave Secures $100 Million FTX Investment To Boost Crypto P...

Dave, the digital banking software that went public on the Nasdaq two months ago, is stepping up its cryptocurrency ambitions following a new $100 million investment from crypto exchange FTX. Dave Inc. established a strategic agreement with West Realm Shires Services, Inc., the owner and operator of FTX US, on Tuesday to further develop the […]

The Fintech Threat to Banking: A Solution From MIT

In the next 10 years, 30 percent of banking jobs could be obsolete, according to a recent Citi GPS report. This statistic from Citigroup’s report makes an assessment of the potential impact of fintech on the global banking industry. It echoes the concerns of former Barclays PLC Chief Executive, Antony Jenkins, who referred to the position of consumer banking as being “in an Uber moment” that would lead to rapidly accelerating job losses. “I predict that the number of branches and people employed in the financial services sector may decline by as much as 50 percent over the next 10 years,....

More Signs of Trouble in Asia: Barclays to Cut Investment Banking Jobs

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Fintech Startup N26 Receives EU Banking License, Launches Investment Product

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Per a Forbes report, LayerZero Labs recently completed a series A+ investment round. The company managed to attract the attention of major players in the crypto industry. Related Reading | Mobile Banking App Dave Secures $100 Million FTX Investment To Boost Crypto Presence The investment round raised $135 million and was led by FTX Ventures, […]