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The warning from Nigel Green, founder and chief executive of deVere Group, comes as sterling remains vulnerable to every twist and turn to the political saga over the UK’s exit of the European Union.
The research found that, without globalisation, poverty reduction in developing nations would not have happened over the past 20 years
The real commercial risk for organisations that are not ready to take this challenge seriously won’t necessarily come from the existing set of competitors, which might use the same traditional approach.
Yet it also acknowledges considerable challenges to the development of financial technology, including a lack of funding, limited market reach, shortage of skills and inconsistencies in regulation.
We’re talking about security tokens here, so cryptocurrencies like Ethereum, Bitcoin, or Bitcoin Cash, which are independent of platforms, are not what this post is about.
Demonstrating Santander’s commitment to diverse fintech, the firm then turned its eyes to South America, investing in Creditas, a leading Brazilian fintech which specializes in secure lending.