Tag: FinTech

Almost every engineer that starts at Brex asks, “Why are we using Elixir?” It’s a question with an interesting answer, and one that we thought a lot about before we even began building Brex.

LendUp builds technology, credit products and educational experiences for the 56% of the US population who are shut out of, or mistreated by, mainstream banking because of poor credit or income volatility. We want to provide anyone with a path to better financial health.

Learn more details about how TransferWise, OakNorth, Funding Circle and Monzo all leverage the benefits of the AWS cloud.

There are two key types of market participants; those who are trying to make money from the markets and those who are assigned to police those trying to make money. Examples of the former type include investment banks, hedge funds and asset managers, while examples of the latter includes in-house compliance, financial regulators and exchange surveillance teams.

Tink, a personal finance management app based in Sweden, has a unique end goal in mind for its users: financial happiness. “We really wanted to take the complexity out of money management by presenting your finances and financial behavior in a more insightful way, and in the end, bring financial happiness,” says Jens Rantil, software and infrastructure engineer at Tink.

2017 has been a great year for Kathryn Petralia. In the past twelve months, Kabbage, the financial services and small loan company she co-founded with Rob Frohwein nine years ago, raised $250 million from Softbank, bringing the company’s total equity to $500 million, and also secured $200 million in a revolving credit facility with Credit Suisse.

Regulators are people too. That’s what Monika Liikamaa, CEO of Enfuce Financial Services, wants to remind other founders who complain about meeting the strict standards of financial services regulators. “You have to be able to understand their concerns,” she says. “People are people, and they just want to feel secure that if they give a person a ‘go,’ the person they say okay to knows what they’re doing.” With Enfuce, the first infrastructure payments platform to run banks and financial institutions in a public cloud, Liikamaa’s solution to navigating the compliance process is doing her homework. For more from Liikamaa, including how she decides what features Enfuce should build and how she sees the banking industry evolving, listen here.

As consumers become increasingly comfortable purchasing online, mobile access to their banking needs is following suit. The concept of “banking on the go” was the topic du jour last week at a FinTech panel discussion hosted by AWS’s London Pop-up Loft. Entitled “Open Banking: Innovation for Customers,” the session brought together representatives from emerging startups Starling […]