Money Laundering is a perpetual thorn in the side of financial institutions. BIS reports that AI and use of networks could be way forward.
Real estate analytics fintech HouseCanary has announced a fresh funding round of $65mn led by Morpheus Ventures, Alpha Edison and...
Southeast Asia’s largest bank, DBS Bank, has been one of the most innovative and profitable; while presenting at a Credit Suisse investment conference DBS CFO Chng Sok Hui said they could raise the return on equity to 14.5 percent; the digital customers are three times as valuable to the bottom line of the bank; DBS has implemented chatbots and other innovative technologies to improve the digital experience for a customer who is increasingly using their phones to bank. Source.
A consortium of community financial institutions uses 'open' approach to give their customers a 'one-stop-' approach to mobile payments.
China’s fintech behemoth Ant Financial is changing its name; Ant Financial Services Group has received approval to change its name...
AllianceBlock Fundrs aims to take the best elements from venture capital, blockchain, and social media and combine them to create a more effective, 21st-century model to fund promising startups.
BankThink Even with FDIC endorsement, fintechs’ path to becoming banks is bumpy Lessons From The Pandemic: The Unexpected Payback RateSetter’s...
PitchIt @ LendIt Europe is one of the industry's most popular startup competitions providing eight finalists with unparalleled access to industry expertise and funding opportunities as well as invaluable exposure, branding and more at the event; hosted in partnership with Startupbootcamp, the event also offers fast-track status to the finalist round for Startupbootcamp Fintech Accelerator as one of its prizes; interested startup companies must submit their application by September 4 and finalists will be announced on September 10; more details about the competition can be found here. Source
Laura Shin talks with Spencer Bogart, vice president of equity research at Needham and Company, and Daniel Masters, director at Global Advisors Bitcoin Investment (GABI), about the potential SEC approval of the Winklevoss Bitcoin Trust ETF; both Spencer and Daniel provide insight on the bitcoin market and current funds; Daniel Masters currently manages bitcoin funds at GABI in the UK; Spencer cites three outcomes that could occur on March 11: the SEC could approve or disapprove, the Gemini exchange could withdraw or no decision would automatically approve the ETF; one factor keeping the ETF from a decision is conflict of interest from the Fund's management and Gemini exchange which both would be operated by the Winklevoss brothers’ business; other factors include the structuring of the Fund and the represented value of the underlying cryptocurrency; the Bitcoin Trust ETF would be the first approved by the SEC in the US and its approval would have an effect on the bitcoin market overall; two other firms have also filed for SEC approval of bitcoin ETFs including SolidX and Grayscale Investments. Source
Point of sale loans even at 0% are not new; the idea is that a retailer can bring in more...