Financial technology, better known as fintech, has exploded over the last 5 years. The rate of investment is growing by 45% annually and $13.7 billion was ploughed into startups in the space in the last year alone, according to CB Insights. As investment booms, finance and banking are being transformed by innovations like peer-to-peer models, crowdfunding, and contactless payments. These changes have been driven not by established financial players, but by startups including now-huge players like LendingClub, Kickstarter, and Funding Circle. Amy Nauiokas, founder and president of fintech investment firm Anthemis, says: “Big organisations can see where the markets have …
This is how a new crop of companies are trying to reinvent banking
More of Today's Solutions
The Great Bubble Barrier: bubble curtains are intercepting 86 percent of rive...
Rivers are how plastic gets to the ocean. Stop it there, and you stop it for good. The Great Bubble Barrier, a Dutch company, ...
Read MoreIndia connects 124 million rural homes to tap water
Six years ago, fewer than one in six rural homes in India had a tap water connection. As of mid-July, more than four in ...
Read MoreThe biodegradable, self-cleaning fabric made from living caterpillar fungus
The sustainable fashion industry has spent years trying to reduce harm: less water, fewer synthetic chemicals, more recycled material. A research team at the ...
Read More7 plants with super air-purifying powers
Houseplants are all great natural indoor air purifiers, but some are especially effective for improving indoor air quality. Here are seven houseplant varieties that ...
Read More
