#Blockchain and #AI Innovation Dominate Theme of Recent FCA Regulatory Sandbox New Successful Companies
#Blockchain
and #AI Innovation Dominate Theme of Recent FCA Regulatory Sandbox New Successful
Companies
#Blockchain technology company Fineqia International Inc. (CSE: $FNQ.C), (OTC: $FNQQF) to test issuance and
administration of bonds backed by #cryptoassets
Stocks mentioned: $HSBC, $FB,
$BCS, $LSE.L
Point Roberts, WA, Delta, BC – Aug. 14, 2018 -
Investorideas.com, a leader in Blockchain content with its Bitcoin and
Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com issues a fintech sector close–up looking at recent
innovation being tested and accepted in the Financial Conduct Authority (FCA)
Regulatory Sandbox.
Read this in full at http://www.investorideas.com/CO/FNQ/news/2018/08141CryptoAssets.asp
The Regulatory
Sandbox allows firms to test
innovative products, services or business models in a live market environment,
while ensuring that appropriate protections are in place. It is part of ‘Innovate’,
an initiative kicked off in 2014 to promote competition in the interest of
consumers. Since its inception, ‘Innovate’ has had over 1,200 applications and
has supported more than 500 firms. The Sandbox was a first for regulators
worldwide, underlining the FCA’s commitment to innovation in financial
services.
Twenty-nine recent new companies were just accepted,
including Fineqia Limited, the U.K. subsidiary of Fineqia International (CSE: FNQ), (OTC: FNQQF) (Frankfurt:
FNQA) with its blockchain based digital platform that enables companies to
issue and administer debt and equity securities, including bonds backed by
cryptoassets.
The FCA recognized the potential of blockchain-related startups
by giving Sandbox access to 11 blockchain and distributed ledger
technology-related companies, almost 40% of the 29 accepted.
Other new companies included Fractal, an Insights
platform using distributed ledger and artificial intelligence technology to
power SME financing by digitising credit applications and connecting loan
issuances to the underlying financial data and Meet Mia, a chatbot on Facebook
(FB ) Messenger that allows
customers to buy and manage travel insurance. Policies are written in plain
English and customers can ‘ask’ the chatbot what they are covered for. Group
discounts and automated claims handling will also be available. Source
For investors looking at how to participate in the
innovation in fintech represented in this program, there are a range of stocks
from small to large that are now accepted.
Fineqia International (CSE: FNQ), (OTC:
FNQQF) (Frankfurt: FNQA) just joined
a host of other publicly-traded companies with its U.K. subsidiary, Fineqia
Limited, accepted into the FCA Regulatory Sandbox, noting its significance in a
recent press release.
"This helps us develop a new asset class
within the regulatory protected environment offered by the FCA Sandbox
program," said Fineqia's CEO Bundeep Singh Rangar. "It's testimony to
the team's effort and commitment toward a disciplined and compliant rollout of
a new financial product. Worldwide demand for borrowings against crypto
holdings is increasing and with this test, we intend to demonstrate our ability
to successfully tap into this growing market."
One of the other companies in the recent group of twenty-nine
also has ties to the public markets. 20|30 is a DLT-based platform that allows
companies to raise capital in a more efficient and streamlined way. The test
will be facilitated in conjunction with London Stock Exchange Group (LSE.L ) and Nivaura.
Previous companies accepted into the FCA Sandbox
regulatory program in 2017 include big names in the financial markets including
Barclays PLC (BCS) testing its
Regtech proposition which tracks updates to regulations within the FCA Handbook
and aligns their implementation to Barclays’ internal policies. Source
In 2016, HSBC Holdings plc ( HSBC) was accepted
for testing an app developed in partnership with Pariti Technologies, a fintech
start-up, to help customers better manage their finances. Source
About Fineqia International
Fineqia International is a listed entity in
Canada (CSE: FNQ), the US (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia
International outlines the Company’s corporate governance, culture, processes
and relations by which the Company and its subsidiaries are controlled,
directed and governed. It oversees and ensures the overall success, planning
and growth of the Company and all of its subsidiaries and investments,
including those propagating blockchain technologies. For more information
visit: https://investors.fineqia.com/news.
About Fineqia Limited
Fineqia provides a platform and associated services
to support security issuances and manage administration of equity and debt
securities. It acts as a broker bringing an issuing company's securities to
market, distributing and marketing them as well as transparently highlighting
the risks and objectively outlining opportunities involved. For more
information visit www.fineqia.com
Fineqia
International Inc. (CSE: FNQ) is a featured tech stock on Investorideas.com
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