Tag: fintech

News highlights – 27 February

News highlights – 27 February

Written by on February 28, 2017 in News with 0 Comments

News highlights for 27 February Everything you need to know about Day Two at #MWC17 News includes: Jolla launches Sailfish China consortium; GSMA initiative leverages big data to address humanitarian crises; Cavium joins Telecom Infra Project; SAP collaborates on IoT automation for rental cars; Ruckus teams with Amdocs for managed cloud Wi-Fi service, via our sister publication Disruptive.Asia, Read more… Two […]

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News highlights – 23 February

News highlights – 23 February

Written by on February 23, 2017 in News with 0 Comments

News highlights for 23 February Brits arrest suspect in Deutsche Telekom 2016 cyber attack FRANKFURT (Reuters) – Britain’s National Crime Agency (NCA) has arrested a suspect in connection with last year’s cyber attack which infected nearly 1 million Deutsche Telekom routers, German federal police said on Thursday. Read more… Bharti Airtel buys Telenor India unit […]

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Nasdaq plans venture arm to invest in fintech sector

Nasdaq plans venture arm to invest in fintech sector

Written by on February 10, 2017 in News with 0 Comments

NEW YORK (Reuters) – Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. The amount Nasdaq would invest could not be learned, though one person described it as “modest” relative to […]

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US considering new passporting system with UK banks – whatever that is

US considering new passporting system with UK banks – whatever that is

Written by on February 9, 2017 in Guest Blog with 0 Comments

The new administrations in the UK and USA are apparently planning to work together to create a new transatlantic America First / Buy British trade alliance. This will, it seems, include financial services. A deal to reduce barriers between American and British banks through a new “passporting” system was being considered by Mr Trump’s team […]

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Fintech goes for gold addressing Islamic finance market

Fintech goes for gold addressing Islamic finance market

Written by on January 24, 2017 in News with 0 Comments

(Reuters) – Canadian fintech company Goldmoney Inc has certified its gold-based financial products as sharia-compliant, the latest firm to combine blockchain technology to tap demand from Islamic investors. The move illustrates how fintechs, companies that use innovative technology to revamp banking services, are broadening their footprint to include the core markets for Islamic finance in […]

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Canadian fintech is revitalizing the startup scene attracting major funding

Canadian fintech is revitalizing the startup scene attracting major funding

Written by on January 4, 2017 in News with 0 Comments

TORONTO (Reuters) – Venture capital-backed investment in Canadian financial technology companies hit its highest level in almost two decades last year, even as the flow of funds into major fintech markets like the United States declined, according to sector data. Fintechs, or companies that use innovative technology to revamp everything from banking to fraud security, […]

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German fintech company N26 left red-faced after security hole discovered

German fintech company N26 left red-faced after security hole discovered

Written by on January 2, 2017 in News with 0 Comments

HAMBURG (Reuters) – German fintech company N26, which made its name mocking traditional banks, has found itself on the receiving end of criticism after a security researcher proved its smartphone apps exposed users to potential account hijacking. N26, previously known as Number26, has expanded rapidly since it launched in early 2015 as a smartphone-only bank […]

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Will the Trump era be good for regtech companies?

Will the Trump era be good for regtech companies?

Written by on December 23, 2016 in Features with 0 Comments

NEW YORK (Reuters) – President elect Donald Trump is pro-business and anti-red tape. But what if your business is red tape? Companies whose technology helps banks and investors cope with the welter of post financial crisis regulations and avoid increasingly hefty fines – a sector known as “regtech” – are sanguine about the Trump pledge […]

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Is America about to follow the European example in payments regulation?

Is America about to follow the European example in payments regulation?

Written by on December 15, 2016 in Guest Blog with 0 Comments

A few years ago, I wrote that when it came to the regulation of payments, America could do worse than adopt something along European lines. By “European lines”, I meant that a regulatory framework which separated systemically risky operations such as lending people money from systemically unrisky operations such as low-value payments would benefit all concerned. […]

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Banks use ‘traffic lights’ in apps to help customers control spending

Banks use ‘traffic lights’ in apps to help customers control spending

Written by on December 13, 2016 in Features with 0 Comments

NEW YORK (Reuters) – Traffic lights don’t just work for drivers, some bank customers obey them on their smartphones too. A transaction-tracking app using red, yellow and green messages to warn account holders when they are paying out more or less than usual has resulted in some users spending less, a potentially powerful new weapon […]

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