Changes take time … until they suddenly seem to appear out of nowhere. Financial services are at the cusp of a remarkable change that few bankers realize. The decentralization of technology, new regulations, increasing competitiveness Read more…
LONDON (Reuters) – Global banking regulators signalled on Monday they were in no rush to adapt their rules to financial technology firms that have begun nibbling away at banks’ markets. The regulators looked at how Read more…
ICOs and cryptocurrencies became a big thing last year. Some people think they have changed the whole world, while others think they are the biggest bubble we’ve seen in a long time. The value of Read more…
ICOs and cryptocurrencies had a bigger than expected role in FinTech and alternative finance in 2017. We haven’t yet seen a big disruption in the finance ecosystem and value chains as a whole, but the Read more…
Blockchain has been compared to TCP/IP in terms of how it enables new distributed finance solutions in the same way that TCP/IP enabled internet services. It certainly looks like distributed finance solutions will disrupt the Read more…
Cryptocurrencies and related distributed technologies need a proper ecosystem to become a significant and meaningful part of the finance ecosystem Blockchain, ICOs and digital securities (e.g. cryptocurrencies) have become the new kids on the finance Read more…
BEIJING (Reuters) – China’s financial regulators on Tuesday took steps to clamp down on the fast-growing market for web-based micro-lenders, a credit sector Beijing has grown increasing worried about, sending shares of US-listed shares of Read more…
FinTech is disrupting the finance industry to the point where we’re likely to see quite a bit of M&A activity as a result. That activity could take several different forms, but one likely possibility is Read more…
Juvo has announced a partnership with Malaysian MVNO Tune Talk to drive financial inclusion with ‘Pay Later’, a digitized service created by Juvo and fueled by Juvo’s identity scoring technology. Pay Later provides prepaid users Read more…
In many industries – such as airlines, retail, and media – disruption has been linked to new low-cost, almost commodity-type services. Southwest Airlines and Ryanair paved the way for low-cost flights, online news has become Read more…
MUMBAI (Reuters) – Several units of India’s Religare financial services group suffered a cyber attack, but its systems, operations and sensitive client information were secure and unaffected, it said on Monday. Religare, which offers a Read more…
Artificial intelligence (AI) is anticipated to make a significant impact on the retail banking sector, such as using non-traditional data types to assign credit ratings to potential borrowers, according to research and consulting firm GlobalData. Read more…
HONG KONG (Reuters) – Hong Kong-based startup CompareAsiaGroup has secured $50 million in funding from investors led by the World Bank’s commercial lending arm, as the personal finance management platform looks to develop its technology Read more…
SWIFT has announced that 22 additional global banks have joined its Hyperledger-based blockchain proof of concept (PoC) network, designed to validate whether the technology can help banks reconcile their international nostro accounts in real time Read more…
LONDON/NEW YORK (Reuters) – A London-based startup called Curve has joined up with Mastercard to launch a payment card that allows users to retroactively choose a different credit or debit card for a purchase they Read more…
Siam Commercial Bank (SCB), in collaboration with Japan’s SBI Remit, is using Ripple’s blockchain enterprise solution to power real-time remittance payments between Japan and Thailand. The new service supports individual funds transfers from JPY in Read more…
PARIS (Reuters) – Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies. Trade Read more…
I was at an event recently where alternative finance companies introduced their services. There were many new finance solutions for lending, real estate, investing and short-term finance. These companies explained how they have built their Read more…
Aeon Financial Service and IBM Japan announced they are building a blockchain-based financial platform for the Asian market. With the blockchain technology, the platform is expected to enable Aeon Financial Service to provide enhanced financial Read more…
The traditional finance industry seems unprepared for digital disruption. The experience of the newspaper business could teach banks a thing or two. Amazon announced recently that its lending business is gaining momentum – in the Read more…
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