fintech News
|
Montreal -
Luge Capital, a new venture capital fund specifically focused on early-stage FinTech companies and artificial intelligence solutions applied to financial services, announced it has completed a $75 million round of financing to begin operations.
|
|
Accountancy, as with other professions in the financial sector, is being disrupted by digital transformation. The main technological drivers are artificial intelligence, robotics and chatbots.
|
|
The British Parliament's Treasury Committee heard evidence on cryptocurrencies and blockchain on Tuesday.
Martin Walker from the Center for Evidence-Based Management spoke before the committee.
|
|
A new report looking at trends in banking has found that 84 percent of respondents stated they are increasingly using data for automated decision-making. However, a sizable number recognize that this expansion comes with risks.
|
|
Blockchain is transforming a number of sectors, and this includes financial intuitions like banks. What major banks need to weigh is the extent to which they embrace blockchain and the threats that the technology poses to the industry.
|
|
Paris -
A new partnership has been formed between the Request Network Foundation and PwC’s French operation to devise methodologies for companies to incorporate blockchain into their exiting services.
|
|
New York -
The real estate company Ideal was founded in 2007 by Aleksandra Scepanovic and partner Erik Serras. The duo identified a need to build a technologically innovative infrastructure for sales and rentals in key neighborhoods.
|
|
Ottawa -
The University of Ottawa Heart Institute held a rare "open house" on Friday, unveiling its 145,000 square-foot expansion project that officials claim will significantly enhance the experience of heart patients in the capital.
|
|
The U.S. Treasury has released a list of five tips for companies implementing blockchains. The insights are based on lessons learned by the department while building its own blockchain proof of concept.
|
|
A new report looks at data-driven global insurance technology trends and charts record investment from both financial investors and reinsurers in these emerging technologies.
|
|
Cybercriminals have developed an effective way to clone chip-and-pin cards, according to research from Kaspersky Lab. The Prilex campaign has been active for over three years and is designed to subvert the latest protections introduced by card companies.
|
|
Many people struggle with their savings or with their finances overall. To make it easier to save, mobile banking technology offers solutions. One example is with Mobile banking startup Varo Money, Inc., who have introduced SMS alerts to encourage saving.
|
|
Microsoft has published a whitepaper that provides policy recommendations for dealing with blockchain security. The company said that regulators and industry should engage with each other to better understand the risks and align incentives to improve.
|
|
The European Union has proposed draft laws for fintech, crowdfunding and blockchain in an attempt to make itself attractive to new start-ups. The European Commission said it wants to create a "competitive and innovative" financial market using fintech.
|
|
Fintech startups are having to reassess the way they provide their services as the industry becomes dominated by partnerships with banks. According to a new report, collaboration with existing firms is now the top priority at over 75% of new providers.
|
|
London -
British bank NatWest has embarked on a program to establish four fintech accelerators based in the U.K. The bank will provide resources with the aim of adopting some of the new technology.
|
|
A Canadian based startup has raised funding and plans to disrupt the ever-changing digital investment advice market. The company is Wealthsimple and it has raised $51 million in funding from Power Financial Corp.
|
|
The Japanese cryptocurrency exchange Zaif has reported a "system glitch" which allowed customers to purchase cryptocurrencies without paying any value in yen. During the incident, customers used the platform to buy trillions of dollars worth of Bitcoins.
|
|
Global banking regulators have indicated they're not rushing to introduce new fintech rules. A report from the Basel Committee on Banking Supervision has addressed the "hype" in fintech, comparing it to previous disruption in the financial industry.
|
|
Global banking is currently a $134 trillion industry and in the U.S. ten or so major banks have dominated the market for decades. This is set to be disrupted with blockchain and cryptocurrencies.
|
|
A new market analysis report maps out how the top ten U.S. banks are investing in fintech. This is across categories like blockchain, insurance and lending.
|
|
Collaborative partnerships are becoming a "cornerstone" of fintech, Matthias Setzer of PayU told Digital Journal. Financial providers and tech firms are partnering to address trust concerns, avoiding a "culture clash" which could derail the industry.
|
|
Emagia, a provider of digital finance solutions, has launched an assistance platform to help finance executives and operations teams. Gia combines AI and analytics to provide business leaders with predictive reports and automated task completion.
|
|
JPMorgan appears to be making a big push into payments technology. A new markets report signals that digital banking becomes a strategic priority for the "bulge bracket banks."
|
|
UK-based fintech startup Curve has announced its innovative credit card app is now available to consumers. The company has developed a platform that lets you link all your card accounts to its app. You can then use any of them to pay with one card.
|
|
One of the world's largest independent financial advisor networks has announced it's readying a new cryptocurrency trading app in response to "soaring" demand. deVere Group said fintech is having a "fundamental" impact on the way we use and manage money.
|
|
BankMobile is the largest technology-enabled bank in the U.S. in terms of number of consumer checking accounts, and its popularity is growing. To find out why this is we spoke with Luvleen Sidhu, Co-Founder of BankMobile.
|
|
Millennials as a demographic are seen as technology savvy, but not particularly active investors. Fintech firms are targeting millennials using new technologies to tap into an otherwise underserved market.
|
|
Toronto -
The Montreal-based fintech app Mylo makes investing more affordable by rounding users purchases up to the nearest dollar and investing the spare change.
|
|
The growing numbers of fintech services offering mobile and cloud-based payments are failing to convert older users. One study from Canada found Generation X-ers are over twice as likely to try a digital payments solution as baby boomers.
|
apis-368371 apis-367555 apis-364944 apis-364081 apis-363636 apis-362512 apis-362140 apis-361983 apis-361742 apis-361578 apis-361192 apis-361134 apis-360507 apis-360409 apis-359653 apis-359600 apis-359480 apis-359137 apis-359022 apis-358014 apis-358010 apis-357200 apis-356321 apis-356072 apis-355857 apis-355651 apis-355428 apis-355377 apis-355161 apis-355025
fintech Image
The Revolut card pictured alongside the app in action. Revolut/Business Insider
Wala and financial service providers can make banking more accessible and minimize the costs of financial products for users. Wala
Bitcoin has enjoyed a stratospheric rise this year, approaching $10,000 from a 2017 low of $752 seen in January Pixabay / Pexels
Nikolay Storonsky, CEO & Founder of Revolut. Revolut/Business Insider
PayU Chief Commercial Officer Matthias Setzer PayU
|
|
