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Fintech News: Fintech Affecting Banks and Financial Institutions

Technology is a well-known source of profit for investors throughout the years, as technology is driving innovation, merging with different industries to contribute to the overall revolution and development of sectors such as robotics, AI, automotive industry, and of course, finances, which gave birth...

Financial technology startups emerged as serious challengers to financial services

All of the interest in financial services at the moment has gone to the newest kids on the block: cryptocurrencies. With bitcoin now eclipsing $15,000 and Coinbase adding over 300,000 users in one week alone, it’s easy to understand why. While cryptocurrencies stole the spotlight,...

Conventional banks are adopting blockchain technology in international payments

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...

Fintech will have a lasting effect on banking, Basel Committee on Banking Supervision report says

How Disruptive Is Fintech? What is a disruption? Can we attribute that word to what Fintech companies have done recently? Disruption will mean that the services offered by the previous company are replaced and then become obsolete. In simple terms, a company's services can...
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