It’s amazing to think that the Bank of England has not raised interest rates for more than a decade, but then nobody expected the credit crunch, quantitative easing, or indeed the “age of austerity” that George Osborne introduced during his time as chancellor.
That’s a lot of jargon to digest, but digest it we have, with the result that most of us have tightened the purse strings and tried to take a more frugal approach to our finances.
The big question now is, how much longer will we have to endure this financial stasis? Read more
Top tips for surviving in Singapore and getting your fix of society and culture.
2 weeks ago, I wrote about arriving in Singapore for the first time and being blown away by its unique combination of stunning high rise architecture, lush tropical greenery, melting pot of cultures and, oxymoron alert, its confident, yet refined, ostentation. Read more
Singapore is a great place for entrepreneurs, thanks to its blend of working styles, tax regime and ease of setting up a branch or subsidiary office. Read more
Singapore has been an independent republic since 1965, and in that period the city state has undergone a dramatic transformation from third world to first world country. Read more
As part of The Money Cloud Worldwide series PR and Content Manager Edmund Ingham is writing about his experiences travelling around Asia. To read posts from our previous series, about Malaysia, click here
It hadn’t occurred to me to visit Singapore before but now I am here I am wondering why not! Read more
I began my last post in this travelling Malaysia series by saying that the more time I spent in Kuala Lumpur, Malaysia, the more I liked it.
Well, forgive me for sounding like a broken record, but a few days on that rings even truer!
I think that the first week to ten days in any city is not enough time to really get to know a new place – which is a shame because a week to ten days is all most of us get when we spend time abroad. Read more
The Money Cloud, your best resource for overseas money transfer comparison, explores Malaysia, its big banks and the fintech scene. Read our earlier posts on Malaysian fintech startups to watch and and overview of fintech in Malaysia.
In our recent series of articles we have looked at how to open a bank account overseas, how to arrange an overseas mortgage, and how to calculate tax on an overseas property.
So, with the hard work done, let’s indulge ourselves a bit and take a look at some of the best overseas destinations for property buyers, and some of the hottest properties on these markets. Of course, we cannot cover all of the best properties or give you all the facts in just one article, and we would urge you, wherever you do decide to buy, to take good advice and complete as much research as you can before you make a purchasing decision. But that said, this could be a great place to start your search!
Most of us have been tempted, or even given serious consideration to buying a property overseas at one stage in our lives, and rightly so!
For some of us the temptation is just a passing fancy; but for an increasing number what can seem like a wild and exotic decision at first can be, provided you do your research thoroughly, rooted in good sense, and not nearly as hard to achieve as some people will try to convince you it is.
If you are committed, sensible, realistic about what is achievable and know who you are dealing with, you may be surprised by how straightforward it can be to acquire a wonderful property abroad using a mortgage product. Read more
A local bank account can be a lifesaver when relocating abroad.
Relocating abroad is something that many people will do at least once in their lives, and generally speaking, it is a valuable life experience that allows you to experience a new culture, enhance your career prospects and even make you a more well-rounded person.
Even in today’s modern, digitalised world, however, there are certain hurdles that you must jump through and rules to comply with that you must understand if your stay abroad is to be a success. Read more
Santander launched its latest product, the “100% digital” OpenBank last week amidst much fanfare and some bold new features and promises. Currently it is only available in Spain, but is expected to be rolled out internationally soon.
So, after 15 months in the making, and having been re-built from scratch, can this re-launched product of Santander’s be seen as a blueprint for the way the bank accounts of the future will operate? Read more
World Remit, the London based International Money Transfer (IMT) startup valued at half a billion dollars, has announced that it is to be the first to run on Google’s Android Pay system, the company announced last week. Read more
It seems we may well be heading towards a world where, when sending money internationally, the only thing we need to concern ourselves with is the exchange rate – because transaction fees are rapidly being consigned to history.
Starting from today, Circle, a money transfer service and app that allows its users to ping money to one another using a mobile messaging service, is introducing fee-free person-to-person (P2P) money transfer services for users in the UK, Spain, and the US. Read more
Over the past few years, thanks to the rise of a number of disruptive Financial Technology, otherwise known as FinTech businesses, it has become far easier, and cheaper to send money overseas.
Until recently most of us would have used either a wire transfer agency, such as Western Union or Ria Money Transfer, or a high street bank to send money internationally, but there were 3 major drawbacks to this approach. Read more
It may only be available for the flagship Samsung Galaxy S8 or S8+, and it may only be available for Korean speakers, but Samsung are taking big strides towards making voice controlled banking a reality. Read more
The fifth edition of FinTechCity’s Fintech50 was announced today. The list is compiled by selected industry experts and celebrates innovation across a wide range of disruptive financial services companies.
The first list was published back in 2012, when fintech was a nascent industry that was just beginning to find its feet. Today, the Fintech50 contains a multitude of companies that are fast becoming household names. Read more
If you have been wondering what the latest big trend in Fintech is, wonder no more. It’s the “Regulatory Sandbox”.
What is a regulatory sandbox? Essentially, it’s a strategy being adopted by different governments and regulatory authorities in order to encourage young Fintech startups to experiment with new products, services, and systems, without having to worry about breaking the law. Read more
A few years back when people referred to “digital currencies” it would be safe to assume that they were referring to bitcoin – but not any longer.
Literally hundreds of digital currencies have flooded the market since the blockchain and Distributed Ledger Technology emerged as potentially the future of the financial services industry. Read more
Zopa first launched in 2005 as a peer-to-peer lending site. Since then, it has lent over £1.8 billion and helped its lenders earn more than £75m of interest.
The company says it has “built a profitable, scalable and viable business”, but now, subject to regulatory approval, it wants to “launch a next generation bank to complement our existing peer-to-peer products.” Read more
Whilst the world’s media obsess about Fintech and Blockchain technology, it’s easy to forget that SWIFT, The Society for Worldwide Interbank Financial Telecommunication to call it by its full name, still rules the financial messaging roost.
In fact, SWIFT has been the top dog for nearly 40 years – since it was first founded, in 1973 with the support of 239 banks in 15 different countries.