Just a week ago in the National Crowdfunding and Fintech Association of Canada's yearly occasion, FFCON2018, there was one long presentation about the current status of Fintech in Canada. Professor Michael King, from the Scotia bank Digital Banking Lab @ Ivey Business School, conveyed a superb summary of what's...
According to local news outlet Korea JoongAng Daily, South Korea’s Financial Services Commission declared that rather than regulating fintech sector they would use blockchain technologies and future financial innovation to encourage further development.
Choi Jong-ku, the chairman of the FSC, said “the players in the financial service market are becoming...
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...
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...
Various measures to uplift financial technology in the finance sector: UK launched the cryptocurrency task force as a part of its larger financial technology strategy. Further highlights of the day included the signing off an agreement to facilitate the UK Fintech firms to sell their products and services in Australia...
Risk mitigation in Fintech firms: There is a cost to every new technology that is at its embryonic stage. Such cost is often quantified in the form of risk and the point the merit attention is the way insurance companies can launch products to mitigate the risk emanating from the...
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...
