The Innovative Finance Isa has so far proven to be something of a damp squib, but from this week it expands to include a whole new asset class — crowd-bonds, the FT writes. However, how do they differ from mini-bonds?
The annual study by advisory firm KPMG and investment company H2 Ventures shows that four of the top five global innovators in financial technology now come from China, reflecting the “indisputable” growth of fintech in the country, the FT reports.
Still, Alex Fray, group chief executive of Boston Multi Family Office is convinced this fintech challenge can be met. “Digital disruption and innovation will undoubtedly transform financial services in the coming years, including the family office sector.” Until then, there’s always the corkscrew.