The Effect Of Fintech And Payments Innovations: The global payments landscape has grown tremendously over the past few years. The uncurbed and rapid evolution of online and mobile commerce has introduced many new payment methods. E-wallet, peer-to-peer payments are all products that are designed to comfort the consumers and benefit...
Rise in Blockchain technology adoption: Conventional banks are increasingly adopting blockchain technology in their international payment systems. By far J.P. Morgan has been able to create the largest blockchain network for global payments solution. The bank has also announced that Royal Bank of Canada and Australia and New Zealand Banking...
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...
EU Looks To Pass Bloc-Wide Laws To Help Crowdfunding Efforts. European Union officials say all companies could benefit from crowdfunding bloc-wide laws. The EU is passing new guidelines and rules about crowding, in the hopes that it brings in more startup companies. For example, a suggestion has been made on...
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...
DNB is definitely expressing its commitment to progress through a wonder mobile app that literally simplifies the users ID verification and customer identification process by a thousand fold. The app is still in the initial testing stages as DNB is still trying to retrieve experimental evidence of its efficiency...
Square shares reach a historical intraday increased on Monday. The stock increased over 9.5 percent, as shares changed hands at over 200 percent the typical 30-day volume. Several on Wall Street said to CNBC these were clueless regarding the exact catalyst from the share move. Square shares hit an all-time intraday at...
Fintech Disruptors Are Changing Entrepreneurship Rules. Entrepreneurship is a zero-sum game, not all start-ups manage to see the bright shinning sun of the fifth year of survival emerge. The reasons being: Not everyone fights long enough to reach the last ladder. It is more of a patience and potential...
RegTech And Everything You Should Know About It! RegTech has become the next big thing in the recent years. Within a span of 4 to 6 years, RegTech has managed to startup a lot of new business ventures and build up its profit turnovers by huge margins as well. This...
BCBS presents different scenarios in the light of emerging technology in the Banking sector. The Basel Committee on Banking Supervision (BCBS) in its latest report has analyzed the effect of Fintech firms on the emerging banking services and the future of the financial services industry. The paper deliberated on the implication...