News

A group of British finance and technology experts visited the Chilean capital, Santiago, last month to inaugurate a new FinTech collaboration network in Latin America, according to an announcement from the British government this week.

Chris Middleton reports on how the US’ biggest bank is expanding its blockchain network with over 200 other institutions onboard.

A new Cambridge University report finds alternative finance exploding in Europe, led by the UK. However, Chris Middleton warns that underlying trends are less healthy for Britain.

NEWSBYTE Half of all the world’s digital payments take place in China, according to new research.

Several US banks have reported first-quarter earnings, providing an insight into how the Wall Street financial services sector is performing in a jittery, more tightly regulated economy, as banks face increased disruption from digital challengers.

British bank Standard chartered has been ordered to pay a total of $1.1 billion (£842 million) by US and UK authorities for money laundering activities and breaching economic sanctions.