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The Four Major Things Missing in The Blockchain Industry

Infrastructure suggestions on everything from UX to Interoperability to Digital Reserves to Stablecoins

By Wesley Graham and Robert Greenfield for their Medium Blog

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Blockchain, Cryptocurrencies, Global trends

July 13, 2018

334

BPER to implement Meniga PFM suite

By Meniga,

Italian banking group, BPER, has contracted Meniga, the global leader in white-label digital banking solutions, to build its next generation digital banking experience solution. (more…)

Fintech news

July 12, 2018

Time of Security Tokens

By Julian Zegelman for his Medium blog

As blockchains improve in their scalability, usability, and security, so too do the tokens that traverse these digital pathways. As governments and primarily the SEC enter the space, 2018 will be remembered for an entirely new eco-system of evolutionized platforms, decentralized exchanges, and hybrid funds, all looking to capitalize on the trillion-dollar opportunity that is tokenized securities. According to FINMA, the Swiss financial regulatory body, tokens have three functions: payment tokens, utility tokens, or security tokens. Like their name implies, payment tokens are used as a means of currency or payment while utility tokens are intended to provide digital access to an application or service. (more…)

Columns, Cryptocurrencies

July 12, 2018

Intel’s Toxic Culture

by Jean-Louis Gassée for his blog at Medium

Who wants to be Intel’s new CEO? The job description should include the impossible task of undoing a company culture that allowed itself to miss the mobile revolution because it thought it couldn’t afford to participate.

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Columns, Fintech news, Global trends

July 12, 2018

Money management app Emma announces $600K seed round

By Emma,

London-based Emma Technologies LTD is announcing the closure of a funding round led by Kima Ventures, one of the first investor in Transferwise, and Aglaè Ventures, the early stage fund of the Groupe Arnault, investor in Netflix and Airbnb. (more…)

Banks, Deals, Fintech news

July 12, 2018

TokenPay Partners With Litecoin Foundation to Acquire Stake in Germany’s WEG Bank

TokenPay, a blockchain project that incorporates Bitcoin cryptographic technology with advanced security and privacy features, announced this week it partnered with the Litecoin Foundation to purchase a 9.9% stake in WEG Bank, which is based in Germany. According to TokenPay, the 9.9% stake was transacted in exchanged for a “broad and comprehensive marketing and technology service agreement that will benefit TokenPay and its related cryptocurrency and business operations. (more…)

Banks, Cryptocurrencies

July 12, 2018

204

Barclays opens tech campus in New Jersey

By Barclays,

Barclays today announces the opening of a new campus in Whippany, New Jersey. The state-of-the-art complex is a flagship site of Barclays’ global location strategy, which is designed to enhance the firm’s flexibility and resiliency through the establishment of regional campuses. (more…)

Banks, Fintech news, Global trends

July 11, 2018

172

R3 Consortium Releases New ‘Version’ of Its Corda Platform for Businesses

Blockchain technology company R3 announced July 10 that it had released a “version” of its Corda blockchain platform aimed specifically at businesses. (more…)

Blockchain, Cryptocurrencies

July 11, 2018

218

Icici and Westpac team up for student remittances

By ICICI bank

ICICI Bank, India’s largest private sector bank by consolidated assets, today announced its partnership with ‘Westpac Banking Corporation’ (Westpac), one of the top banks in Australia, to offer Indian students a completely online payment solution through its ‘Money2World’ (M2W) platform for outward remittances. (more…)

Banks

July 11, 2018

355

Analyzing the Ethereum — Security Decision by the SEC

The purpose of this article will not be to give the news that the SEC revealed that they would not deem Ethereum to be a security. (more…)

Cryptocurrencies, Financial Markets / Trading, Hotnews

July 10, 2018

Toast Notches $115M In Series D Round

To drive investment in R&D, recruiting and expansion, Toast announced on Tuesday (July 10) that it has raised $115 million in Series D funding. The funding round, which was led by funds and accounts advised by T. Rowe Price Associates, Inc., values the restaurant management platform company at $1.4 billion, the company said in an announcement.

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Fintech news, Global trends

July 10, 2018

Top 10 “Stay Away” ICO Directions in 2018

Fraud among Cryptocurrencies

Undoubtedly, there are cryptocurrencies capable of succeeding and achieving goals. At the same time, there are many more ordinary frauds in the field of cryptocurrency, and they are doomed to failure. Every investor should know this, since the production of cryptocurrencies does not have a controllable unit — no one regulates emissions. This means that this financial instrument does not have a regulator that controls the amount of the issued currency. Besides, the cryptocurrency isn’t bound to any material values, such as gold, for instance. (more…)

Blockchain, Cryptocurrencies

July 10, 2018

Deeper Dive into the Dynamics of the Seed Market

By Tomasz Tunguz for his blog

Earlier this week, I wrote about the collapse in the number of seed investments. I received many questions about the data, all the same. Why is this happening? This is a deeper dive into the data. (more…)

Deals, Fintech news, Global trends

July 9, 2018

226

Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With ‘Emphasis’ on Blockchain

By William Suberg for CoinTelegraph

Investment banking firm Benson Oak revealed it would pump “around $100 mln” into Israel-based startups with an “emphasis” on blockchain, local Israeli news outlet the Jerusalem Post reported today, July 9. (more…)

Blockchain, Cryptocurrencies

July 9, 2018

366

TransferWise opens in Hong Kong

By InvestHK,

Leading London-based fintech company TransferWise announced today (6 July 2018) the official launch of its international money transfer platform in Hong Kong, giving it a major foothold in Asia as part of the company’s ongoing international expansion. (more…)

Global trends, Hotnews, Remittances

July 9, 2018

Equifax partners with consents.online for Open Banking

Equifax, the consumer and business insights expert, has formed a strategic alliance with consents.online, a digital consent management and AISP accredited Open Banking platform which for the first time allows UK consumers and small businesses to manage the sharing of their financial information. (more…)

Banks, Fintech news, Global trends

July 9, 2018

Azimo Adds 10 Countries for Nordic Users

For international remittance platform Azimo, the world just became a bit more flat. That’s because the U.K.-based company recently expanded its services to allow customers to send money to 10 more countries.

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Fintech news, Global trends

July 9, 2018

256

How to Raise Money via IDOs: Initial DICE Offerings

Sponsored post

Over the past couple of years, as cryptocurrencies gained momentum, they rapidly gained the public eye. Although a promising run-up, cryptocurrencies are almost never perceived beyond volatile assets. While blockchain is a revolutionary technology, cryptocurrencies and in particular the ICO funding method suffer from multiple inefficiencies, like exorbitant fundraising costs. Similar is the case with traditional fundraising platforms such as IPO or debt instruments. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 9, 2018

322

Azimo expands its money transfer service from the Nordic countries

by Azimo,

Digital money transfer company Azimo has added 10 new countries to its service for customers in Nordic countries. (more…)

Payment processors/providers/gateways, Remittances

July 6, 2018

Tokenised funds to reshape PE/VC fundraising

Initial coin offers (ICOs) and the emergence of tokenised funds — represented by the issue of equity tokens — are set to reshape the dynamics of how private equity (PE) and venture capital (VC) fund managers raise capital, bringing greater transparency and democratisation to the fund management space. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 6, 2018

288

Blockchain is revolutionising the gaming industry

Blockchain, the driving force behind cryptocurrencies such as Bitcoin, is often talked about in regards to the impact it can have on industries such as banking, agriculture and healthcare.  What is rarely mentioned alongside Blockchain is the gaming industry. Blockchain is a public record of transactions that can’t be hacked or manipulated. Proof of game ownership can be stored on a blockchain. What other ways is blockchain revolutionising this industry? (more…)

Blockchain

July 6, 2018

566

HSBC highlights the six new banking careers of the future

HSBC is preparing for the ongoing revolution in banking, highlighting six new types of jobs that will be necessary to forge a career in a digitally-enabled financial services industry. (more…)

Hotnews

July 6, 2018

222

Square takes a breather in banking licence battle

Payments processor Square has temporarily suspended its application to the Federal Deposit Insurance Corporation (FDIC) for a special purpose banking licence. (more…)

Fintech news

July 6, 2018

Crypto Visa card company Monaco just spent millions to buy Crypto.com

mco

By Jon Russel for TechCrunch

Highly-prized domain name Crypto.com has been sold!

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Blockchain, Cryptocurrencies

July 6, 2018

Groupe BPCE introduces instant payments

By Natixis,

Instant Payment allows for the completion of account-to-account payments within 10 seconds. Groupe BPCE’s introduction of this new service – a first in France – offers many advantages for all categories of banking and insurance customers, be they individuals, merchants, companies or administrations. (more…)

Fintech news

July 4, 2018

Paysend closes $20 million funding round

Paysend, the business targeting a global payments revolution, has closed a $20 million funding round, led by investment firm MARCorp Financial. (more…)

Fintech news, Global trends

July 4, 2018

Airwallex closes Series B fundraising with $80m

By Airwallex,

International payments company Airwallex today announced the successful completion of its Series B fundraising. (more…)

Fintech news

July 4, 2018

637

Cryptocurrency Regulation Update (July 2018)

By Phil Glazer for his blog,

This piece is part of a monthly series covering regulatory updates related to cryptocurrencies (here are the updates from AprilMay, and June). Although prices have continued to fall over the past month, recent statements from regulators have been positive, particularly comments from the SEC clarifying that Ethereum is not a security. This piece provides important regulatory updates since the June piece, broken down by developments in the United States and the rest of the world.

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Cryptocurrencies, Fintech news, Global trends

July 2, 2018

Nordea to acquire online banking arm of Norwegian insurer Gjensidige

Nordea is to acquire the online banking arm of Norwegian insurer Gjensidige for EUR578 million in cash. (more…)

Banks, Deals

July 2, 2018