What's been happening in the world of fintech this week? Sit yourself down, ask someone you love to pour you a glass of gin laced with tonic and read on.
"I just called to say...your bank balance is..."
Looks like the wider business world – outside of established finance – is waking up to Open Banking. Mobile network Giffgaff is to use the new rules to launch its own personal finance banking app targeted towards millennials, according to Finextra. The Giffgaff Gameplan app, which will be free to use, is to offer users spending insights to help them cut down daily expenditures and save towards defined goals.
Pocket money makes the world go round
We loved FT Money's special on the finch apps that could help teach children about money. Presenter Lucy Warwick-Ching examined GoHenry, Nimbl and Osper. And Will Carmichael of RoosterMoney talked about the opportunity we have to teach young people good habits, starting with their pocket money, that will last a lifetime. Well worth 13 minutes of your time.
New P2P investments platform launches
Congratulations to Orca Money, which is now allowing its users to invest in the P2P market, having launched the Orca Investment Platform. Investors will be able to research, invest and build investment portfolios using the technology.
Investment platform raises £250k from crowdfunding campaign
Wombat Invest is the latest digital investment platform to raise money via crowdfunding, according to Altfi. The theme-based ETFs fund specialist surpassed its £250,000 target on Crowdcube with four days to go.
The scores are in! What the industry thinks of Open Banking...so far.
We had a sweep of the fintech sector to find out what you lot think of the way Open Banking has been implemented – just one month after the changes came in. Get on the pulse of the sector by clicking right here.