3419 articles tagged with this keyword
News/Innovation
Hong Kong's financial secretary John Tsang Chun-wah reserved a special mention for fintech in his budget speech on Wednesday, promising to pump cash into the startup ecosystem and create a dedicated space to support up to 150 new financial technology companies over the next five year.
25 February 2016
The great rebundling of financial services products has begun, as German smartphone-only bank Number26 partners with TransferWise to add direct in-app access to the London-based company's P2P currency exchange platform.
Middle East banking powerhouse Emirates NBD is inviting fintech startups from around the world to take part in a competition to design digital financial services tools for the chance to win cash prizes.
The UK's Payment Systems Regulator (PSR) says banks should sell their stakes in VocaLink to help increase innovation and competition in the nation's critical payments infrastructure.
Australia could introduce a digital version of its dollar, a senior exec at the country's central bank says, although any state-backed digital currency is in the distant future and likely to circulate in parallel with old fashioned notes and coins.
Early-stage venture firm 500 Startups is launching a $25 million fintech fund focussed on investing in startups building "financial services for the rest of us".
24 February 2016
Payments processor Stripe has launched a service which lets entrepreneurs incorporate a US company, open a bank account and start accepting payments within days, sidestepping the bureaucratic red tape that small companies must navigate when expanding into new markets.
UK investment for financial technology firms increased by 35% to $901 million across 72 deals in 2015, with lower deal volume indicating a trend for larger funding rounds globally, according to statistics compiled by Innovate Finance.
The Financial Conduct Authority has so far had 413 fintech startups apply to its Innovation Hub scheme, providing support and advice to 52% of these budding businesses as they bid to break into the UK's financial technology market.
Deutsche Bourse is to open up its offices to financial technology startups in Germany as part of a Government-sponsored initiative to create a fintech cluster in Frankfurt.
Ben Brabyn, former COO of UKTI Innovation Gateway, has been named as the new head of Europe's largest tech accelerater, Level39.
Shamir Karkal, a former co-founder and CFO of Simple, has joined the neobank's parent company BBVA in a newly-created role as head of Open API.
Collaborative procurement platform BuyCo.io is to use permissioned distributed ledgers and smart contracts to lower the costs of currency conversion and money transmission for buyers on group purchasing marketplaces.
JPMorgan Chase is testing the use of distributed ledger technology to move US dollars between London and Tokyo, working with about 2200 clients on the trial ahead of possible live transactions later in the year.
23 February 2016
While the crowds at Mobile World Congress in Barcleona lap up the latest innovations in mobile payments and biometric security, party-pooping staff at the Federal Reserve Bank of Atlanta have cast a more sober eye over the potential for mass-market uptake of new-fangled payment methods.
Swiss luxury watch maker Mondaine is to introduce contactless payments capabilities into its latest Helvetica smart watch.
International securities regulators are stepping up their research into the disruptive potential posed by the development of distributed ledgers, robo-advisors and cybersecurity threats.
22 February 2016
Visa is expanding its Visa Ready programme to include Internet of Things (IoT) companies, such as manufacturers of wearables, automobiles, appliances, public transportation services, clothing and other connected device.
Customers of HSBC and first direct in the UK will no longer need to reel off a list of passwords and security questions when calling or logging in to mobile banking as the bank prepares for the roll out of voice and fingerprint recognition.
19 February 2016
If you lived in a world where any business or any person could create their own freely circulating personal or corporate currency, where would you put your money? Chris Gledhill, co-founder and CEO of Secco Bank, explores the options.
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