Fintech Daily Briefing

Fintech Daily Information Briefing on [February 01, 2021]

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The following is the Fintech Daily Information Briefing on [February 01, 2021] recommended by recordtrend.com. And this article belongs to the classification: Fintech Daily Briefing.

[1]. Fidelity plans to invest 100 million pounds in digital bank starling bank

Fidelity, the US investment management group, plans to invest 100 million pounds in starling bank, the UK digital bank, Sky News reported. It is reported that this negotiation is still in progress, and Starling bank plans to raise 200 million pounds this time. Starling bank was founded in 2014 and currently has more than 2 million accounts, of which about 300000 are small business users.

[2]. Singapore injects new capital into 5g innovation program

Singapore will invest another S $30 million to promote the development and application of its 5g products and services, according to a recent announcement by the Singapore communications development board, ictnews reported. According to the regulations, the institutions applying for financial assistance must show their value and significant impact on local enterprises and industries, and include plans to operate and commercialize 5g products. The Singapore government gives priority to and encourages major technology fields such as robotics, Internet and artificial intelligence.

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