Government activities

BankThink Fintech doesn’t need D.C.’s help

By Ryan Gilbert for American Banker

In the final days of the Obama administration, the National Economic Council published a much-awaited white paper — entitled “A Framework for FinTech” — recommending guiding principles for the advancement of the fintech industry by the U.S. government. (more…)

About, Fintech news, Global trends, Government activities, Marketing Report

January 24, 2017

What DTCC’s IBM Blockchain Transition ‘Reimagining’ Credit Derivatives Signifies

By Roger Aitken for Forbes

On the heels of the announcement by the U.S. Depository Trust Clearing Corporation’s (DTCC) transitioning a central part of its financial infrastructure onto a blockchain, the premier post-trade market infrastructure for the global financial services industry that processes trillions of dollars, many are wondering what it means for the blockchain market’s future. (more…)

Blockchain, Fintech news, Government activities, TradingTech

January 23, 2017

Alternative payments are a ‘victim’ of Brexit

By Kirsty Tull for PaymentsSource

As Brexit starts to pick up steam in the coming year, the the impact on banks and the payment processing industry remain to be seen and will likely be far reaching.


Global trends, Government activities, Mobile payments/banking, p2p-payments

January 23, 2017



CFTC Chairman Calls for Agency to Support Blockchain and Fintech Innovation

By Lester Coleman for CryptoCoins news

The commissioner and acting chairman of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, called on the agency to support distributed ledger technology (DLT) and fintech innovation in his keynote address before the SEFCON VI conference sponsored by the Wholesale Markets Brokers’ Association. Giancarlo said he supports the core reforms of Title VII of Dodd-Frank, the swap data reporting and central counterparty clearing and registration of swaps dealers. (more…)

Blockchain, Fintech news, Government activities

January 22, 2017

U.S. Financial Regulatory Agency Explores Blockchain’s Impact On Securities Trading

By Lester Coleman for CryptoCoinsNews

The Financial Industry Regulatory Authority released a report on blockchain’s impact on the securities industry in its efforts to support financial institutions investing in the technology.


Blockchain, Fintech news, Government activities, TradingTech

January 21, 2017



Bank of Korea: FinTech Companies Will Reshape Financial Industry

By CryptoCoins News

Non-financial technology companies with a growing expertise in FinTech (financial technology) will play a bigger role in shaping South Korea’s financial industry, according to the country’s central bank. (more…)

Banks, Blockchain, Fintech news, Government activities, Korea

January 20, 2017

Bitcoin exchange Coinbase gets money transmitter license in New York


Cryptocurrencies, Fintech news, Government activities

January 18, 2017

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Banks can counter fintech-friendly EU rules by embracing third party innovators

By Kirsty Tull for PaymentsSource

As we move toward the mandated adoption date for the Payment Services Directive 2 (PSD2), we can expect to see significant shifts within the payments industry.


Banks, Fintech news, Government activities, Payment processors/providers/gateways

January 18, 2017

Russian banks form Fintech Association

By Finextra

Representatives of the Bank of Russia and major financial market participants approved the decision to found an Association for Financial Technologies Development (FinTech Association).  (more…)

About, Fintech news, Government activities

January 17, 2017

Israel Tax Authority Deems Bitcoin a Taxable Asset

By Samburaj Das for CryptocoinsNews

The Israeli Tax Authority has issued an official draft circular to clarify the tax guidelines that apply to bitcoin adopters. (more…)

Cryptocurrencies, Fintech news, Government activities

January 16, 2017

SAINT PETERSBURG, RUSSIA - JUNE 18: Kenneth 'Ken' Rogoff, professor of economics at Harvard University, attends a session of the  attends SPIEF2015 Saint Petersburg International Economic Forum on June 18, 2015 in Saint Petersburg, Russia. (Photo by Gleb Shchelkunov/Kommersant Photo via Getty Images)


A World Without Cash Would Be Good For the Poor, One Expert Says

By Feliz Solomon for Fortune

Moves toward more cashless societies could reduce inequality, a leading economist suggests, by potentially reducing crime and making labor practices more transparent. (more…)

About, Columns, Government activities

January 16, 2017

The Sources of Increasing Risks for Financial Institutions in 2017

By Elena Mesropyan for LTP

The traditional banking sector has witnessed considerable changes in the market environment, technology trends and customer expectations, leading to the necessity to respond to those changes. Regardless, a year ahead still holds certain risks federal financial institutions will face and develop an appropriate response to. (more…)

Banks, Fintech news, Global trends, Government activities, Marketing Report

January 15, 2017

Coinbase To IRS On Efforts To ID Bitcoin Customers: We Have A Suggestion

By Kelly Phillips Erb for Forbes

As the legal maneuverings over the rights of the Internal Revenue Service (IRS) to gain access to Coinbase customer accounts continue to wind through the courts, Brian Armstrong, Co-Founder, and CEO at Coinbase, has taken to the publishing platform, Medium, to explain his side of the story. (more…)

Cryptocurrencies, Government activities, news

January 15, 2017

Belgium and London to Work on FinTech

By Rebecca Campbell for CryptocoinsNews

After the U.K.’s Brexit result, European countries have been attempting to overthrow the U.K. from the top position as a FinTech hub location. One European country that isn’t, however, is Belgium. (more…)

Fintech news, Government activities

January 14, 2017

Could Regulators perform AML in a Blockchain World?

By Hari Subramanian for Finextra

Before you say “that is a crazy idea”, stop and think. It sounded crazy to me as well but after some thinking I have concluded that it has merits. Here’s why.  (more…)

Analytics, Blockchain, Government activities, Security

January 14, 2017

Here’s how regulation crowdfunding performed in 2016

By  for VentureBeat

In May, the third and final part of the 2012 JOBS Act, Regulation Crowdfunding, went into effect and 2016 ended with much promise for entrepreneurs seeking funding and our government seeking jobs. (more…)

Crowdfunding/investing, Deals, Fintech news, Government activities

January 12, 2017

Report: Chinese Authorities Considering Bitcoin Regulation; Price Falls

By Samburaj Das for CryptocoinsNews

Bitcoin price struck a low of $845 (at the time of publishing) from a high of $918.4 on the Bitstamp Price Index for the day as China’s financial regulators are reportedly seeking opinions on how to regulate the trading of bitcoin. (more…)

China, Cryptocurrencies, Fintech news, Government activities

January 12, 2017

Australia: One of the Fastest Growing FinTech Markets and a Gateway to South Asia

By Elena Mesropyan for LTP

The most recent estimates suggest that the Australian FinTech industry generated $180.2 million in 2015. By 2020, the Australian FinTech revenue is projected to grow at a CAGR of 76.3% and exceed $2.92 billion, driven by reduced taxes on investments in startups, a steady increase in mobile payments and the rise of tech-savvy digital natives. (more…)

Blockchain, Fintech news, Government activities, Marketing Report

January 12, 2017



More Nigerians are embracing electronic payments

By Yomi Kazeem for Quartz

Five years after Nigeria’s Central Bank (CBN) launched its Cash-less Nigeria project to reduce the amount of physical cash circulating in the economy, it is finally catching on. (more…)

Cashless, Fintech news, Government activities

January 11, 2017



Dubai aims to generate startup buzz with FinTech Hive

By Finextra

Dubai International Financial Centre (DIFC) has contracted with Accenture to set up and operate a fintech accelerator for regional and international startups. (more…)

Accelerators/Incubators/Labs, Fintech news, Government activities

January 11, 2017



P2P Fintech Firms see Regulation in Indonesia

By CryptoCoinsNews

Indonesian Fintech companies that facilitate peer-to-peer (P2P) lending in the country have seen new regulation imposed by the Financial Services Authority. Known as the Otoritas Jasa Keuangan (OJK) locally, the government agency regulates and supervises the financial services sector in the country. (more…)

Fintech news, Government activities, Indonesia, p2p-payments

January 9, 2017

China Cracking Down On P2P Lending

The first nationwide crackdown on P2P lending in China is underway — and expected to eliminate many of the 2,400 or so leading platforms in the nation. (more…)

China, Fintech news, Government activities, p2p/online lending

January 9, 2017

CashlessIndia – Why Putting Cart Before Horse Will Work

By Ketharaman Swaminathan for Finextra

On the back of the demonetization of high value currency notes in India, the government has been aggressively pushing cashless payments. Trending on Twitter under the hashtag #CashlessIndia, the initiative has attracted criticism from the blogosphere and mainstream media on the grounds that India is not yet ready for digital payments. (more…)

Analytics, Cashless, Government activities, India

January 9, 2017

A police officer stands guard in front of the Reserve Bank of India (RBI) head office in Mumbai April 17, 2012. The Reserve Bank of India cut interest rates on Tuesday for the first time in three years by an unexpectedly sharp 50 basis points to give a boost to flagging economic growth but warned that there is limited scope for further rate cuts. REUTERS/Vivek Prakash (INDIA - Tags: BUSINESS)


Indian Central Bank’s Research Arm Explores Blockchain Applications

By Lester Coleman for CryptocoinsNews

Financial institutions worldwide are exploring the benefits promised by blockchain technology. The research is moving beyond the hypothetical stage to proof of concept and planning. (more…)

Blockchain, Fintech news, Government activities, India

January 8, 2017



Fintech in Singapore: Top Highlights of 2016


2016 was an important year for Singapore as the city-state moves further to become a leader in fintech. Ranked as the second leading fintech hub in the world by Deloitte, Singapore has made financial technology one of its top priorities. (more…)

Blockchain, Fintech news, Global trends, Government activities

December 28, 2016



Private POCs, Permissioned Ledgers and Patents in Blockchain

By Mohan Krishnan for Finextra

As we near the end of 2016, Banks continue to form Blockchain consortium groups to develop platforms and test this technology, the most prominent being R3CEVHyperledger Project and the like. While we mull over the exits from R3 & from other consortia, there are new ones formed (ChinaJapanRussia). (more…)

Banks, Blockchain, Fintech news, Global trends, Government activities

December 26, 2016



Alibaba, Baidu and Tencent and Their New Online Banks

By Deng Yuanyuan for CKGSB Knowledge

A new breed of online banks promoted by tech companies like Alibaba and Tencent is taking root. Will they be able to hold their own against traditional banks?  (more…)

China, Fintech news, Government activities, Mobile-first banks

December 26, 2016



Myanmar Expands Access to Financial Services with World Bank Support


The World Bank’s Board of Executive Directors today approved a $100 million credit to support Myanmar in improving the access of families and small and medium-sized businesses to financial services. (more…)

Government activities, Myanmar, news

December 24, 2016



Trump’s vow to cut business regulation may help ‘regtech’ startups

By VentureBeat

(Reuters) – President elect Donald Trump is pro-business and anti-red tape. But what if your business is red tape? (more…)

Deals, Fintech news, Global trends, Government activities, RegTech

December 23, 2016

Fed’s debit pressure on Visa a welcome move for competition

By Lyle Beckwith for PaymentsSource

The Federal Reserve and Federal Trade Commission recently proved there is a cop on the beat ensuring that the debit reforms passed by Congress are followed. (more…)

Fintech news, Government activities, Payment systems, POS/mPOS and online acquiring

December 23, 2016