After successfully raising $20 million in a sold-out token sale, British blockchain-based banking platform Babb is now setting its eyes on establishing its first ever bank accounts before the end of the year.
The move is quite ambitious for the FCA-authorized payment institution Babb (Bank Account Based Blockchain) since they...
Two banks in Singapore and Lithuania have a forged a partnership in order to develop a FinTech ecosystems and encourage greater financial innovation in the two countries.
The Monetary Authority of Singapore (MAS) and the Bank of Lithuania formally signed the FinTech Co-operation Agreement on the sidelines of the Money...
Disruptive technology in financial services come with challenges that need time to solve. The financial sector is increasing its investments in Fintech firms as the research suggests that customers go for the idea of on-demand finance.
This is to challenge the agility and flexibility afforded by the Fintech firms that make...
The speed with which mortgage loans can be accessed now is a problem for traditional mortgage lenders (banks included). The process of getting mortgage loans from the traditional loan facilities has been a semi-automated system, but with Fintech companies, the process is entirely automated.
Does this automation come with any...
Recently, 5 asset managers entered into a merger with OFI Asset Management and SETL, while participating as shareowner in IZNES. This blockchain-based mutual funds network was launched in 2017, after collaborating with 4 French asset management companies. The intention behind this partnership was to run the network at full...
Five topics that highlight the way Fintech firms are changing the world: Fintech is clearly creating the in-roads into the traditional financial services market. It is poised to define the future of finance and thus serve as an inseparable link to the future landscape of the digital economy. However, one...
The conventional monetary dealings have internationally experienced a major change that has been realized by technology and advancement. In 2015, in excess of 12,000 new businesses grew in the Fintech space over the world with an enormous assumption of USD 19 billion. By definition, Fintech involves IT – based...
The government after economic analysis expects a growth of about 3.8% in the country's GDP.
Innovation and comprehensive technology advancement have been planned for, and the country has earmarked more than HK$ 50 billion ($6.4 billion) as stated by Paul Chan the country's Financial Secretary
The Public health...
An astounding fame of contactless cards is reaching the zenith of shopper’s interest in wearable payments. A recent research from Mastercard reveals that approximately one-quarter of Europeans are waiting anxiously to start using tap-and-go payments via bracelet, key-ring, smart-watches or other modes of wearable payments.
The data, showing a conceivable...
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...
