Amazon or no, banks are in for big changes, one analyst says
What does the “Amazon effect” signify to the banking business?
In the years since the 2008 financial disaster, banks have invested many billions on compliance, cleared up their balance sheets, and attempted to encourage authorities, law makers, and ordinary...
Top Fintech firms defining the future industry structure: Blockchain, artificial intelligence, and big data are the pillars that are driving the future of financial technology. These technologies are making the banking faster, safer and cost-effective for the customers. The top nine fintech companies that avid reader should look at are:
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Innovation in the Fintech sector continues: A $100 million joint venture was announced between The German fintech incubator FinLab AG and Block.one, developer of the Blockchain software platform EOS.IO. The main aim is to develop projects that would incorporate EOS software.
One of the partner in the joint venture is...
A research by McKinsey & Company has revealed the financial technology innovators have conspicuously made in-roads into the capital markets. The report titled Fintech Decoded: Capturing the opportunity in capital markets infrastructure revealed that the fintech growth has far outstripped other areas of financial services. Thus, rising by 277%...
Consentium Looks To Monetize Cryptocurrency Transfers. Consentium, the first multi-digital currency and group monetization chat application for Asia, was released to the public Jan. 25. The $10 million in funding raised from a private ICO sale will be used to expand to other Asian markets – China, Singapore, South Korea...
Square CEO Regards Bitcoin As “Transformational Technology”: Square, a digital payment firm, sees Bitcoin as a transformational technology. And, according to analysts, Square could effectively unveil a cryptocurrency platform.
Square made news in 2017 when the company said it would release Cash App, a Bitcoin trading pilot program and peer-to-peer transaction...
Fintech, that has already disrupted the repayments, banking and financial advisory markets, is starting to go into the $14 trillion mortgage market. Because of the growing interest in digital financial solutions, there seems to be a need for electronic mortgage solutions among home sellers and buyers alike.
The U.S. mortgage...
7 Things That Will Shape the Future of Fintech: Fintech companies should get ready for a quickly shifting market driven by new regulations and modifications in consumer behavior, based on a written report by McKinsey & Company. The consultancy recently released new information outlining seven critical elements of these...
R3 to enhance cooperation by launching LCoE: The blockchain coalition (R3) has opened the legal center of excellence (LCoE) in order to apprise the legal community about the nuances of the blockchain technology.
In this center the professionals were briefed about different technologies such as distributed ledger technologies and Corda platform.
About...
Even though cooperation between fintech startups and financial institutions is growing, collaboration still emerges as the most challenging and time-consuming affair, a survey from the players of both sides reveals.
After engaging to form the Fintech Innovation Lab in 2010, the Partnership Fund for New York City and Accenture have...
