FNZ invests in fintech start-up Bondsmith

Bondsmith, authorised by the Financial Conduct Authority (FCA) as an electronic money institution, connects savers with banks and financial companies to increase the opportunity for competitive returns and make cash a more viable option within the wealth management spectrum, according to FNZ. Generally, savers do not invest cash assets onto platforms as it often yields poor returns due to the difficulties platform providers face in finding suitable banking counterparties that meet both risk appetite and that pay a good yield, said FNZ. The fintech startup, which has partnered with a p...