RNS Number : 1974F
Lionsgold Limited (“Lionsgold”, “LION” or the “Company”), the gold-focused exploration company with assets in India and Finland and a significant shareholder of a physical gold ownership online exchange, is pleased to announce the release of LION’s financial technology (“fintech”) gold application: “IndexGold”. The website and trading platform is now live at www.indexgold.com which enables the public to directly own, store and trade physical gold and silver.
Share Talk took an opportunity to speak to Cameron Parry, CEO of Lionsgold Ltd (AIM:LION) about today’s Fintech Gold RNS. Click below to access the interview.
Some banks are more active than others.
JP Morgan, at one end of the spectrum, only booked three fintech deals last year, which is the same as they did for 2015.
Companies like Barclays and Goldman Sachs have more of a shotgun approach: get in on as many fintech companies as possible. Barclays invested in 23 deals in 2016 for a 53% increase in activity, while Goldman got in on 17 deals for a 31% bump in activity.
The market for fintech, or financial technology software, was one of the hottest sectors in 2015.
The time is ripe for financial innovation: new technologies are helping end users skip past gatekeepers and intermediaries to customize their use of financial products. Meanwhile, many of the same technologies are also erasing the inefficiencies of banks and other financial institutions to cut costs in ways the industry never deemed possible. Lastly, innovations such as the blockchain are changing the way banks approach their most basic mechanisms – as a result, even the most fundamental practices in banking are evolving.
The state of the Fintech Industry as we know it.