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fintech News

deVere Group reveals new cryptocurrency trading app

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, aiming to make banking affordable: Interview Special

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.

Fintech is targeting millennials using AI

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.

Mylo, a fintech app that invests Canadians spare change

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.

Older banking users turn away from fintech due to lack of trust

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.

Bitcoin market turns bearish as China plans 'orderly exit'

Bitcoin's value is slipping after leaked documents from China suggest the country's finance regulator could clampdown on cryptocurrency mining. Israel's central bank has also voiced concerns, saying today it will not recognise Bitcoin as a real currency.

China leading on risk management insurtech

China is becoming a global standard-bearer in the digitalization of many aspects of life, including fintech and insurance companies. One area where Chinese firms are leading the way is risk analysis.

North Korea allegedly hacking PCs to mine Monero cryptocurrency

North Korea has been accused of hacking server networks to install mining scripts for the Monero cryptocurrency. A new Monero mining hacker group has been seizing control of servers over the past year. It's now been linked back to North Korea.

Ripple rises to become second largest cryptocurrency

The Ripple cryptocurrency has rocketed in value over the past week to become the second most valuable by market cap. After experiencing massive growth over the holiday season, Ripple has surpassed Ethereum and reached a market cap of over $100 billion.

Amazon considers entering insurtech market

Amazon may enter the insurance market through a new channel. The e-commerce giant already offers some insurance-related digital services.

Digital strategies matter in bond markets

IT investments are popular on stock markets due to the potential of high rewards. New research shows that IT investments also matter to bond markets. However, investing here requires a different strategy, according to a new study.

DreamQuark wins the 2017 Fintech of the Year

Paris - A startup company called DreamQuark, which produces Artificial Intelligence applications for financial services, has been awarded the Finance Innovation ‘Fintech of the Year’ prize. The prize nominees demonstrate the diversity of fintech innovators

Gibraltar to launch fintech licenses for blockchain startups

Gibraltar will create a license for startups using blockchain tech as it seeks to attract more fintech firms to its territory. The specially designed license will be the first of its kind. It will formally recognise blockchains as a way to make payments.

Canadian insurtech joins U.S. accelerator program

Quebec - Canadian Insurtech company Ubios has been selected to join an accelerator program in the U.S., established to assist startups attempting to disrupt the insurance sector.

Banking cryptocurrency Ripple increases in value by over 50%

The cryptocurrency Ripple has more than doubled in price this week and is now the fourth largest by market cap. Ripple has overtaken Litecoin, another alternative coin with similar gains over the past week. Bitcoin's rally is driving the trend.

Coinbase CEO warns users to 'invest responsibly'

The CEO of Coinbase has penned a blog post warning users to be careful when investing in cryptocurrencies. Noting that Bitcoin and alternative coins remain volatile, Brian Armstrong said investments should be made "responsibly."

Morgan Stanley launches robo-advisor to attract young investors

Morgan Stanley's announced a new "robo-advisor" service to help young investors get started with small portfolios. The fully automated system is accessed online and comes with several customisation options. It was built entirely inhouse by Morgan Stanley.

Mexico passes bill to regulate cryptocurrencies and fintech firms

The Mexican Senate has approved a bill to regulate the use of fintech in the country as demand rapidly grows. Mexico is becoming a centre of fintech attention, a trend which the government is concerned could threaten financial stability.

Fintech firms choose Lithuania after Brexit

Lithuania is becoming a centre of fintech innovation in Europe after Brexit. Fintech start-ups are taking advantage of the country's relatively relaxed regulations as they prepare to leave London. Lithuania has "jumped at the opportunity."

Deutsche Bank warns investors not to consider Bitcoin

Deutsche Bank has become the latest institution to warn investors about the risks of Bitcoin investment. The bank's chief strategist said Bitcoin cannot be recommended to "the everyday investor" because of the lack of market regulation.

AI provider Brighterion wins first Morgan Stanley fintech award

"AI as a service" provider Brighterion has been named the winner of the first Morgan Stanley Fintech Award. The award recognises the company that's provided the most innovative technology to the fintech markets, assisting Morgan Stanley's clients.

Startup banks using AI to disrupt finance sector

The fintech arena is perhaps the fastest growing area of all digital disruption technologies. This is most notable with those firms offering artificial intelligence solutions that take on or support big banks.

American Express to use blockchain for cross-border payments

American Express has announced it will accept blockchain payments for some cross-border transactions. The company has partnered with Santander and Ripple to enable the trial for business customers on its FXIP platform. It will offer instant payments.

KPMG says blockchain 'critical' to industry, joins advocacy group

KPMG has joined the Wall Street Blockchain Alliance as a corporate member, stating its commitment to using the tech inside its business. The company described blockchain as "critical to the industry," noting it has several benefits.

Digital transformation of insurance enables ‘micro-insurance’

One of the effects of the digital transformation of the insurance sector is the ability of insurance companies to offer ‘micro insurance’. This is an insurance policy taken out for a short duration – only when it is needed.

Interview: Why greater Bitcoin transparency is needed Special

While blockchain is becoming increasingly accepted by government entities and big-name brands, the process of getting more consumers and institutions to take part is hampered. The reasons for this are explained by Bitcoin Center NYC founder Nick Spanos.

New voice-based International Remittance Service

A signal for further automation in banking has been sent, with news that Money2India application users are now able to send money to any bank in India via a voice command to Siri.

Interview: Insurance carriers can pay claims virtually Special

Snapsheet, a leading provider of claims technology, has partnered with KeyBank, to launch Snapsheet Transactions, a payment solution for insurance claims. To learn more about the platform we spoke with Alex Meisner, director of innovation at Snapsheet.

Interview: Digital tool to help finance industry processes Special

This month Compliance.ai announced a collaboration tool that helps the finance industry change its manual processes to save money and increase efficiency. To discover more we spoke with the company's CEO Kayvan Alikhani about the technology.

KinerjaPay provides Bitcoin spending platform

KinerjaPay is a new global distribution service provider which allows Bitcoin customers, in any part of the world, to purchase almost any product via its novel eCommerce platform. This highlights the growing popularity of cryptocurrencies.
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The Revolut card pictured alongside the app in action.
The Revolut card pictured alongside the app in action.
Revolut/Business Insider
Nikolay Storonsky  CEO & Founder of Revolut.
Nikolay Storonsky, CEO & Founder of Revolut.
Revolut/Business Insider
Bitcoin has enjoyed a stratospheric rise this year  approaching $10 000 from a 2017 low of $752 seen...
Bitcoin has enjoyed a stratospheric rise this year, approaching $10,000 from a 2017 low of $752 seen in January
Pixabay / Pexels
Wala and financial service providers can make banking more accessible and minimize the costs of fina...
Wala and financial service providers can make banking more accessible and minimize the costs of financial products for users.
Wala

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