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439

Stock Exchange Operator Pilots Collateral Pledges Digitization on Blockchain

via Cointelegraph

Major Spanish stock market operator Bolsas y Mercados Españoles (BME) has completed its first blockchain pilot for electronic certificates of collateral pledges, according to an official press release published on March 15.

Implemented along with Renta 4 Banco, which is the only investment services firm listed on the BME, the new pilot intends to eliminate the use of physical certifications by digitizing all processes and providing network participants with real-time access to data.

The pilot’s proof-of-concept (PoC) consisted of the release of collateral pledged by Renta 4 Banco to cover customer’s positions at BME Clearing, BME’s central counterparty.

(more…)

Blockchain, news

March 15, 2019

445

Koi Trading OTC Crypto Exchange Partners with IdentityMind for Compliance and AML/KYC Services

Koi Trading, an innovative OTC trading desk that provides private, efficient, and compliant cryptocurrency liquidity to counterparties around the world, today announced a partnership with IdentityMind, Digital Identities You Can Trust, to provide Anti-Money Laundering (AML) compliance-as-a-service to money services businesses globally under the brand Koi Compliance.

Koi Compliance offers the first plug-and-play AML compliance solution that supports digital currency. Koi Compliance will pair their legal expertise and compliance analysts with IdentityMind’s platform that already supports over 35 digital currency exchanges worldwide. This enables companies to focus on running their business, while Koi Compliance leverages industry best practices to perform the legally required Know Your Customer (KYC), transaction monitoring, sanctions screening, recordkeeping, and regulatory reporting through IdentityMind. (more…)

Blockchain, Cryptocurrencies, news

March 12, 2019

230

Dow Jones’ watchlist of 2.4 million high-risk individuals has leaked

via TechCrunch

A watchlist of risky individuals and corporate entities owned by Dow Jones has been exposed, after a company with access to the database left it on a server without a password.

Bob Diachenko, an independent security researcher, found the Amazon Web Services-hosted Elasticsearch database exposing more than 2.4 million records of individuals or business entities.

The data, since secured, is the financial giant’s Watchlist database, which companies use as part of their risk and compliance efforts. Other financial companies, like Thomson Reuters, have their own databases of high-risk clients, politically exposed persons and terrorists — but have also been exposed over the years through separate security lapses. (more…)

news, Security

February 25, 2019

7940

The world’s hottest digital banking startup takes home 2 international awards in one week, preparing to launch in Puerto...

 

This past year, Puerto Rico has taken its place among the world’s most attractive spots for business incorporation and development of cutting-edge products and services.

Puerto Rico’s governor, Ricardo Rosselló wants to see the island develop to meet the needs of the rapidly growing innovative tech & gig economy: “I would like to see Puerto Rico become a place where businesses serve customers and coordinate operations throughout the Americas, what I like to think of as a “human cloud,” where workers spread across the island handle tasks remotely for businesses around the world.”

Puerto Rico’s agenda aligns well with Arival Bank’s goals, which aims to provide banking services for innovative tech and crypto-related SMEs. It makes Arival Bank a perfect fit into the Puerto Rico ecosystem, creating its solutions on the basis of opportunities, generously provided by the U.S. territory.

Now, it will also become the home for two international fintech awards from different corners of the world, proving that Arival Bank is on the right track.

(more…)

Banks, Fintech news, Hotnews, news, SME

November 14, 2018

Digital banking challenger Monese launches business accounts

Monese recently raised $60m in its series B funding round

via CityAM

Digital banking app Monese announced its expansion into the world of business banking, as it launches accounts for young companies and entrepreneurs across the UK and Europe.

The accounts will be released to UK-registered businesses first, available in 11 languages in a bid to tap the UK’s growing multicultural industry base. The firm told City A.M. that accounts in Europe are expected to follow suit “very soon”.

(more…)

Fintech news, news

October 23, 2018

783

Fintech and Customer Experience: Transformation and Adaptation

The service-customer relationship pattern has changed greatly over the years. Nowadays, the biggest percent of how customers form their opinion of the service is based on the feedback from other clients. The Fintech companies development is greatly responsible for this shift. The 2016 Edelman Trust Barometer Report observed an increased percent of trust from the customers being ready to buy and recommend the business to their friends and family. (more…)

Fintech news, Global trends, news

August 10, 2018

Greenlight raises $16m for kids’ debit card

greenlight card

Greenlight Financial Technology, the startup behind an app and debit card for kids and college students, has raised $16 million in a Series A funding round joined by SunTrust Bank, Ally Financial and the Amazon Alexa Fund. (more…)

Banks, Mobile-first banks, news

February 25, 2018

1704

Fintech unicorn Transferwise moves into the black

Fintech unicorn Transferwise says the company has reached operational profitability six years after launch. (more…)

eWallets, Fintech news, Global trends, Hotnews, news, p2p-payments, Remittances

May 17, 2017

1824

500 Startups invests US$200K in Khmerload, the Buzzfeed of Cambodia

by Yon Heong Tung for e27.com

Khmerload has also set up a sister site in Myanmar called Myanmarload, which has over three million Facebook followers (more…)

Deals, Hotnews, news

March 27, 2017

1785

McDonald’s Mobile Ordering Across U.S. By 2018

(more…)

news, Pre-order services

March 3, 2017

1615

Domino’s Gets Its Own Virtual Assistant

Amazon and Google aren’t the only ones who own the AI virtual assistant space. Domino’s Pizza Enterprises has just made a move to up their digital ordering game, starting in Australia and New Zealand. (more…)

AI / Machine Learning / Big Data, news, Pre-order services

March 3, 2017

1505

New fintech degree course aims to churn out next generation of entrepreneurs

By Finextra

Budding entrepreneurs looking for a career in the fast-growing financial technology industry can now sign up to the UK’s first fintech undergraduate degree course at Wrexham Glyndwr University. (more…)

news

February 23, 2017

1420

EU To End Geoblocking For Digital Currency Users, Blockchain, Bitcoin Wallets Affected

By William Suberg for The CoinTelegraph

The European Union is seeking to end geoblocking of citizens in member states who use digital currencies.

A draft outline by the European Union Committee on Internal Market and Consumer Protection “aims to lift any unjustified barriers in e-commerce and to be a decisive step towards the completion of the Digital Single Market.” (more…)

Cryptocurrencies, Government activities, news

February 22, 2017

16139

Banking Is Only The Start: 27 Big Industries Where Blockchain Could Be Used

By CB Insights

Banking and payments aren’t the only industries that could be affected by blockchain tech. Law enforcement, ride hailing, and charity also could be transformed. (more…)

About, Blockchain, news

February 14, 2017

1260

The U.S. Is Suing its Largest Student Loan Servicer Because It ‘Failed’ Borrowers

By Peter Dazeley for Fortune

The largest U.S. student loan servicer, Navient (NAVI, -1.18%), cheated borrowers out of billions of dollars, often by deceiving them about repayment options and their legal rights, the U.S. consumer financial watchdog said on Wednesday as it announced a lawsuit against the company. (more…)

About, news, p2p/online lending

January 20, 2017

1398

Fintech Steemit Migrating Servers To Amazon Unveils Ambitious Blockchain Roadmap

By Roger Aitken for Forbes

Steemit, creators of the world’s fastest growing decentralized social media platform, has unveiled today what it describes as a “comprehensive roadmap” detailing improvements to its blockchain, company structure and website. (more…)

About, Blockchain, news

January 18, 2017

1247

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

1320

This App Wants to Help You Trade Stocks Based on Trump Tweets

By Jeremy Quittner for Fortune

Professional traders and hedge fund managers apparently have algorithms and models to account for market turbulence from President-elect Donald Trump’s t weets. Now you can too. (more…)

About, Financial Markets / Trading, news

January 14, 2017

1780

Insurers tap cyber security ratings to limit liabilities

By  for Financial Times

New breed of start-ups aims to assess strength of companies’ defences against hackers. (more…)

Insurance, news, Security

January 8, 2017

1274

The World’s Biggest Hedge Fund is Embedding Its Founder’s Brain in an Algorithm

By David Z. Morris for Fortune

The Wall Street Journal reports that Bridgewater Associates, a hedge fund with $160 billion under management, is developing a system to automate the management philosophy of its founder, Ray Dalio. (more…)

AI / Machine Learning / Big Data, news

December 25, 2016

1612

UK online trading school Investoo.com raises $2 million

By  for tech.eu

UK-based online trading school and education platform Investoo has raised $2 million in funding from Optimizer Invest, Kinetic Investments and Right Casino’s Sam Miranda.

(more…)

About, Deals, Financial Markets / Trading, news

December 15, 2016

1195

Electron is trying to sell a blockchain makeover to the UK’s energy sector

By  for TechCrunch

UK startup Electron is hoping to convince the energy sector to buy into the transformative potential of blockchain technology — and, down the line, unlock commercialization opportunities for over the top services running on a decentralized infrastructure platform. (more…)

Blockchain, news

December 15, 2016

1864

How blockchain can help fight cyberattacks

By  for TechCrunch

Imagine a computing platform that would have no single point of failure and would be resilient to the cyberattacks that are making the headlines these days. This is the promise behind blockchain, the distributed ledger that underlies cryptocurrencies like Bitcoin and Ethereum and challenges the traditional server/client paradigm. (more…)

About, Blockchain, news, Security

December 6, 2016

1138

Russian central bank loses $31 million in cyber attack

By Reuters

Hackers stole more than 2 billion rubles ($31 million) from correspondent accounts at the Russian central bank, the bank said on Friday, the latest example of an escalation of cyber attacks on financial institutions around the globe. (more…)

Banks, news, Security

December 4, 2016

1281

Mobile Has Been Huge For PayPal On Big Holiday Shopping Days

By  for Fortune

With more people using smartphones, mobile shopping is seeing strong growth this holiday season. Digital wallet giant PayPal said that the value of transactions through mobile devices grew 50% on Cyber Monday, highlighting the increasing importance of mobile for online and brick and mortar retailers. (more…)

Mobile payments/banking, news

November 30, 2016

1331

UK Black Friday Growth Predicted to Surpass United States, Reveals Global Online Retail Analysis

By LTP

Ingenico ePayments global data anticipates a Black Friday rise in UK ecommerce spending, while US shoppers migrate to Cyber Monday (more…)

Analytics, Marketing Report, news, Payment processors/providers/gateways

November 26, 2016

1423

Peter Thiel taps a principal at Founders Fund for Trump’s transition team

By   for TechCrunch

Peter Thiel is famously loyal to his employees and vice versa. Many of the dozens of people employed by his venture firm, Founders Fund, once worked for Thiel at his hedge fund, Clarium Capital. He even cofounded a late-stage venture firm, Mithril Capital, with one former Clarium managing director, Ajay Royan. (more…)

Government activities, Influences FinTech, news

November 26, 2016

1819

Why Goldman Sachs and Santander Are Bailing on R3’s Blockchain Group

By  for Fortune

Banks are dropping out.

Goldman Sachs has pulled out of R3 CEV, a blockchain group that counts more than 70 financial firms among its members. (more…)

Banks, Blockchain, Deals, news

November 22, 2016

1248

Singapore sees Brexit as chance to recruit London’s FinTech talent

By The Business Times

[SINGAPORE] Britain leaving the European Union is opening up an opportunity for Singapore to recruit talent for its ambitious plans to become a leading financial technology hub, said the chief FinTech officer of the city-state’s central bank. (more…)

About, Government activities, news, Singapore

November 16, 2016

1125

Australian Travel Firm Trials Blockchain Bookings with Partner Microsoft

By Samburaj Das for CryptocoinsNews

Australian hotel and online travel firm Webjet has built a blockchain proof-of-concept (PoC) with tech giant Microsoft as its partner, the company revealed. Microsoft’s Azure cloud platform was used to host the blockchain to put it through the tests. (more…)

Blockchain, news

November 14, 2016