By Joseph Bradley for cryptocurrencynews.com
By Louis Columbus for Forbes
- Gartner predicts that low-power short-range networks will dominate wireless IoT connectivity through 2025, far outnumbering connections using wide-area IoT networks.
- For enterprises to adopt and gain the full value of these technologies, significantly higher investments in training are needed.
- Gartner’s Top 10 IoT technologies provide a glimpse into what their clients are most interested in today.
By Anthony Ha for Techcrunch.com,
Lunch breaks! They’re great, right? But they can also turn into a huge time sink — I’ve definitely had moments where I’m frantically flagging down a waiter because everything’s taken longer than expected, leaving me to try to pay the check and get to my next meeting in just a few minutes. (more…)
By Romain Dillet for techcrunch.com,
British startup Revolut just closed its seed round. After announcing having raised $2.3 million this Summer, the company has added a couple of new investors. In total, the company has raised $4.8 million (£3.2 million) from Index Ventures, Balderton Capital, Seedcamp and Point Nine, Venrex and business angels. (more…)
Rapid innovation in China is delivering the future of online retailing and brand development. Brands that speed the integration of the customer experience into their business model and view the online and offline worlds as one long continuum will be the ones that reap profitable growth. They’ll be the brands that stand out, outpacing competitors and changing the rules in the world’s largest and most dynamic e-commerce market.
Every single day of every week, an estimated 150,000 new Chinese shoppers join the ranks of the hundreds of millions in the country who have discovered the world of e-commerce.
Online retail penetration in China reached 11% in 2014 and surpassed RMB 2.9 trillion in total value. Penetration is expected to double by 2020, according to our estimates, with the total value skyrocketing to RMB 10 trillion. But this dramatic adoption of online shopping is not the biggest news to emerge from Bain & Company’s latest research on China’s e-commerce market.
By Klint Finley for Wired.com,
TOM SIEBEL HAS a history of placing winning bets. He was an early employee at Oracle, which is still the most widely used enterprise database in the world. He later founded Siebel Systems, a business software company that inspired followers such as Salesforce and Microsoft Dynamics. He sold that company to Oracle in 2006 for $5.8 billion. (more…)
By Ingrid Lunden for Techcrunch,
A year after raising $100 million, London-based startup WorldRemit has picked up more funding. To compete against the likes of Western Union in the world of money transfers — and tap a remittance market that the World Bank estimates will be worth $610 billion in 2016 — the company has added another $45 million to its coffers. (more…)
by Jon Evans for techcrunch.com
The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida. It did not feature collateralized debt obligations, or credit default swaps. It was a purchase of two Papa John’s pizzas, in exchange for a payment whose present value currently exceeds US $4 million. (more…)
A banking revolution in terms of financial services will benefit from the UK’s Open Banking Standard. Story by Daoud Fakhri.
The Open Banking Working Group’s newly published recommendations on open platform banking will, if fully implemented, lead to a revolution in the provision of banking services to UK consumers.
By Dominique Guinard for Techcrunch.com
The prospective scale of the Internet of Things (IoT) has the potential to fill anyone looking from the outside with the technical equivalent of agoraphobia. However, from the inside, the view is very different. Looked at in detail, it is a series of intricate threads being aligned by a complex array of organizations. (more…)
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. (more…)
By George Samman, the former CMO of Fuzo which is using blockchain to bring financial inclusion to the developing world, co-founder BTC.sx, a former Wall Street Senior Portfolio Manager
This post will explore the 2009 subprime mortgage crisis and the hypothetical impact a blockchain may have had with regards to the proliferation of toxic synthetic Mortgage Backed Securities (MBS) and Collateralized Debt Obligations (CDOs).
By C.Custer for TechinAsia,
The battle over the Chinese epayment market is raging fiercely now that Apple Pay and Samsung Pay have taken to the field in China. But WeChat Pay is heading in the opposite direction: the service announced yesterday that it’s launching support for overseas vendors. (more…)
By Josh Constine for Techcrunch,
Remittance has always been a shady business. Migrant workers need to send money they earn home to their families, but get hit with fine print fees so less cash comes out the other side than they might assume. Remittance companies earn extra by keeping the margin between their own made up exchange rate and the real one. (more…)
By Terence Lee for Techcrunch.com,
Street food heaven Taiwan is getting a tech upgrade, courtesy of Taiwanese startup iChef. It has cooked up an iPad-based restaurant point-of-sales (POS) system which has been scoring customers. 1,080 restaurants are using its product, each paying on average US$80 a month (that’s a monthly revenue of US$86,400). (more…)
By Paul Sawers for VentureBeat
Two European fintech startups are teaming up to give a glimpse of what the bank of tomorrow could look like. (more…)
Accounting and consulting giant KPMG has acquired Markets IT for an undisclosed sum. The purchase of the Australian FinTech player will improve KPMG’s expertise in the area of Murex software, as the firm seeks to provide financial institutions with a range of solutions in the area of regulatory compliance, cost-cutting and meeting competitive pressures. (more…)
By Joseph Sipalan for The Dealstreetasia,
A group of six Malaysian Islamic banks on Wednesday launched a sharia-compliant investment platform that could shift the role of Islamic lenders to investment intermediaries from credit providers currently. (more…)
Jointly bring expanded, omni-channel service capabilities and access to new geographies and merchants, to take advantage of global mobile payments market – forecast to hit US$1 trillion by 2017 (IDC)
The combined reach of fastacash and Cellum spans over 200 million users across four continents – Asia, Australia, Europe and North America (more…)