Know These 5 Things Before Launching A Fintech Startup Financial Technology (also known as FinTech), is the technology that aims to create a better, effective and a modern method than the current traditional methods in the delivery of financial services. Technology has greatly influenced the current financial systems and the...
The top executive of Reserve Bank said the main focus of their new fintech unit is not high frequency trading but rather to ensure there is a "cohesive view" on fintech. Reserve Bank deputy governor Francois Groepe explained that in the medium to long-term we will have to look at...
How Fintech Is Benefiting Entrepreneurs: Talking about old times, things were hard. There were less opportunities and all steps towards success were time consuming in nature. Fast forward to 21st century, you now have internet. Thanks to Computer Science and technology, you can avail financial facilities in a matter of seconds,...
‘Roadmap’ Set By European Union Banking Watchdog To Oversee Fintech: The EU’s banking watchdog laid down a roadmap that is expected to curb the current discrepancies in the regulation of the fast-paced financial technology industry while putting into consideration digital currencies. The new rules that will take effect on January...
According to local news sources, the European Union has ratified new anti-money laundering(AML) legislation, including  cryptocurrency. According to Spanish news source La Vanguardia, the month we passed the European Union formally approved the legislation approved by the European Parliament. The new rules included in the legislation will be published in the official journal of...
Manchester and London Fintech Firms To Work Together: Modern technology and new regulations are pushing transitions in typical financial institutions in London. If these firms could join forces with the ballooning Fintech community in Manchester, they would rise to higher notches in the near future. In this era of new...
New Partnerships And More Funds Expected At Israel's Viola Fintech: If all goes well, Viola Fintech’s fund will hit $150 million in a few months’ time and new partners are expected to join this investment group from Israel. 50% of the current fund ($100 million) is thanks to a number of...
IA aims to enhance technology adoption in the asset management by declaring to inaugurate VeloCity: The Investment Association (IA) has announced that it will be opening a Fintech accelerator by the name of VeloCity. This is an asset management industry’s bid to rapidly adopt innovative technologies. In this regard the association...
Joint Agreement Could Improve and Lead To More FinTech-Related Enterprises: A joint agreement by the Indian state of Maharashtra government and Singapore’s main bank – the Monetary Authority of Singapore – will lead to possible FinTech enterprises in various areas such as blockchain technology. The pact includes a Memorandum of Understanding...
The European Parliament issued a statement about Blockchain. Parliament, said that they think Blockchain could be very important for small businesses. The Parliament's Research and Energy committee notes that Blockchain will play a major role for small businesses, as it will speed up the process and speed up the extra cost...