3419 articles tagged with this keyword
News/Innovation
Aspiring fintech entrepreneurs take note: Having a great idea is one thing, getting it off the ground is another. Thomas Beattie, CEO of Vancouver-based startup Voleo, offers his advice.
08 February 2016
Fit Pay, a wearable payments startup founder by former Visa and CyberSource executives, has raised $3.1 million in a seed funding round led by Germany's Giesecke & Devrient.
05 February 2016
New ANZ boss Shayne Elliott, who has publicly declared that his legacy will be the digital transformation of the Australian bank, has invited fintech startups to email him personally with their ideas for improving customer services at the 180-year old institution.
Turkish interbank card centre BKM is collaborating with academics from Istanbul University and Ozyegin University to provide a framework for the country's startup ecosystem through the formation of FinTech Istanbul.
Visa is vowing to transform from a payments network to an open platform through the launch of a developer portal that gives banks, merchants and tech firms access to its technology, products and services.
04 February 2016
A new low-cost payment transfer network using distributed ledger technology has launched in Nigeria, helping hundreds of thousands of rural women send money via microfinance institutions.
ABN Amro is to use popular file-sharing app Snapchat as a channel for communications with its customers.
Digitalisation is set to transform most aspects of the financial industry. Far from resisting it, banks should be embracing these fundamental changes, says Oliver Bussmann, group CIO at UBS.
Blockchain outfit Blockstream has raised $55 million in a Series A funding round led by Horizons Ventures, AXA Strategic Ventures, and Digital Garage.
03 February 2016
Bank of Tokyo-Mitsubishi UFJ (MUFG) is the latest financial services giant to confirm it is experimenting with distributed ledger technology, creating its own digital currency as it seeks to find ways to bring down the costs of transactions.
BBVA has highlighted the role played by its digital transformation strategy in pushing the bank's earnings potential, saying that 19.2% of consumer loans in Spain last year were made purely through digital channels, double the number sold in the previous year.
UK challenger bank Mondo has released its first set of developer tools to early test users of its digital banking account, promising to make it easier for non-developers to create their own banking apps.
European clearing and settlement agency Euroclear has called on financial market participants to collaborate and embrace the long-term potential of blockchain technologies for cutting IT costs and driving down post-trade and securities servicing fees.
Goldman Sachs and IBM have jumped aboard Digital Asset Holdings' recent investment round, taking the blockchain startup's haul to more than $60 million.
02 February 2016
BNP Paribas has confirmed its commitment to the distributed ledger movement in finance after completing its first 'Blockchain Bizhackathon' in the transaction banking arena.
Japanese multinational Sony has partnered with business matchmaking outfit Matchi to invite startups to compete for the chance to develop a proof-of-concept fintech application with the conglomerate.
01 February 2016
OCBC Bank has launched a fintech co-working space and innovation unit in Singapore and its first accelerator programme to identify and collaborate with innovative startups.
JPMorgan has begun a trial project to test the use of blockchain technology in its loan trading operations, according to a report in the Financial Times.
Bank of America is in the process of filing 20 new blockchain-related patents, adding to the 15 it has already submitted to the US Patent and Trademark Office (USPTO).
29 January 2016
Ripple is to create a joint venture company with Japanese financial conglomerate SBI Holdings to drive the adoption of its distributed ledger technology for cross-border payments across Asian markets.
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