Article: Open Finance: The Key To Innovation Across The Financial Ecosystem

Money, Open Governance

Open Finance: The Key To Innovation Across The Financial Ecosystem

The banking sector has seen huge levels of change over the last decade and is now increasingly driven by growing demands for digital services and a customer base that is more prepared than ever to shop around. In 2020 alone, for example, over 700,000 people switched their current account from one bank to another in the search for better deals and services.

The widespread emphasis on customer experience has reshaped the way services across the economy are offered, with consumers using the likes of Amazon and Netflix as a benchmark for other digital brands – banks included. As a result, challengers in the form of Monzo, Starling and Revolut, among others have attracted millions of customers with app-based experiences that are positioned as the antithesis of “traditional” banking, instead putting the customer at the heart of the banking experience.

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Article: London-based Gro grows a $7.1 million seed to make decentralised finance more accessible

Money, Open Governance

London-based Gro grows a $7.1 million seed to make decentralised finance more accessible

London-based Gro has closed a $7.1 million seed round with the aim of making decentralised finance more accessible. The round was led by decentralised finance VCs Galaxy Digital and Framework Ventures, and saw participation from VariantNascenta_capital, and Northzone. Angel investors including founders of DeFi protocols Aave, Compound and Synthetix also contributed.

Co-founded in 2020 by former VP of Growth at Revolut Hannes Graah, Gro’s existing team is composed of former Revolut, Spotify, Goldman Sachs, and Morgan Stanley professionals.

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