TransferWise gets nod to offer investment services in UK
2020-07-01 | Accounting, AI, Blockchain, Business, Education, Employment, Grants, IT & Computer, Marketing, |
London-based money transfer startup TransferWise said on Tuesday that it had been granted permission by the UK's financial watchdog to offer retail investment services in Britain.
The company said it expects to offer its first investment product there over the next year, one that will enable customers to invest money stored in their multi-currency accounts into affordable funds by established providers.
Money held as investments of a value up to £85,000 (S$147,000) will be protected under the Financial Services Compensation scheme, the company said.
Read more at The Business Times here!
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