Tag: fintech

News highlights – 15 November

News highlights – 15 November

Written by on November 16, 2016 in News with 0 Comments

News highlights for 15 November Open AI to run large scale experiments on Azure (Reuters) – OpenAI, the non-profit artificial intelligence (AI) research firm backed by Tesla Motors Inc’s Elon Musk and other prominent tech executives, has signed an agreement to run most of its large-scale experiments on Microsoft Corp’s flagship cloud service, Azure. Read […]

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Fintech companies pose no risk to financial stability – apparently

Fintech companies pose no risk to financial stability – apparently

Written by on November 4, 2016 in News with 0 Comments

LONDON (Reuters) – Financial technology firms seeking to shake-up traditional banking pose no immediate risk to the financial system although their development needs to be carefully monitored, a global watchdog said on Thursday. Some countries, including Britain, have taken a cautious approach to regulating “fintech”, wary of stifling a sector that holds out the prospect […]

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News highlights – 2 November

News highlights – 2 November

Written by on November 3, 2016 in News with 0 Comments

News highlights for 2 November Microsoft launches business messaging system, takes on Facebook, Slack (Reuters) – Microsoft Corp launched a messaging system for businesses, Microsoft Teams, on Wednesday, putting it in direct competition with fast-growing startup Slack and Facebook Inc’s Workplace product. Read more… Facebook shares hit by warning of slowing growth (Reuters) – Facebook […]

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Switzerland woos fintech companies with light touch regulation

Switzerland woos fintech companies with light touch regulation

Written by on November 2, 2016 in News with 0 Comments

ZURICH (Reuters) – Switzerland’s cabinet proposed new light-touch regulations for financial technology (fintech) companies on Wednesday aimed at bolstering business and competitiveness. Easing rules could help reduce barriers to market entry and provide more legal certainty for the burgeoning sector, said the finance ministry, which must now turn the changes into draft legislation. Ministry officials […]

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Fintech or telecoms – please offer us privacy-as-a-service

Fintech or telecoms – please offer us privacy-as-a-service

Written by on October 11, 2016 in Opinion with 0 Comments

A fintech webinar hosted by Business Review and presented by Current Analysis covered a lot of ground. Much of it was familiar to a veteran telecoms hack (veteran sounds better than old), one used to the glaring similarities between telcos and banks. One major theme was the disruption that is being caused by fintech intruders into […]

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Are banks the true digital dinosaurs?

Are banks the true digital dinosaurs?

Written by on September 7, 2016 in Opinion with 0 Comments

We used to think that telcos were the dinosaurs of the digital age. Compared to many digital service providers (DSPs) this may still be true. But it is changing, and fast, as telcos begin to unleash their true potential, begin to attract DSPs as partners and innovate in other areas. Indeed, compared to some industries telcos […]

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Hong Kong to establish ‘sandbox’ for fintech innovation

Hong Kong to establish ‘sandbox’ for fintech innovation

Written by on September 6, 2016 in News with 0 Comments

HONG KONG (Reuters) – Hong Kong on Tuesday said it would establish a regulatory regime known as a “sandbox” for financial technology innovation in the banking sector, amid fears the city is losing ground to China, Australia and Singapore in the fintech race. The initiative would help maintain Hong Kong’s competitiveness as a financial hub […]

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Singapore leads Hong Kong in race to be fintech hub

Singapore leads Hong Kong in race to be fintech hub

Written by on July 4, 2016 in News with 0 Comments

SINGAPORE (Reuters) – Singapore is rushing to reinvent itself as Asia’s financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. State funding, light-touch regulation and a recent move to allow start-ups to test financial products in a controlled environment have put Singapore ahead […]

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Singapore start-up to launch robo adviser to tap tech-savvy rich

Singapore start-up to launch robo adviser to tap tech-savvy rich

Written by on June 16, 2016 in News with 0 Comments

SINGAPORE (Reuters) – Financial technology firm Mesitis Pte Ltd plans to launch a robot adviser based business for high net worth individuals in the next two months, its CEO said, capitalizing on a growing trend by the rich to seek online investment advice at a lower cost. A new, tech-savvy generation of wealthy clients and […]

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Japan looks to kickstart its own ‘fintech’ revolution

Japan looks to kickstart its own ‘fintech’ revolution

Written by on March 28, 2016 in News with 0 Comments

TOKYO (Reuters) – A laggard in embracing the ‘fintech’, or financial technology, revolution, Japan is set to ease investment restrictions that could free up the flow of capital in an economy sitting on an estimated $9 trillion in individuals’ cash deposits. Strict regulation, easy access to credit due to rock-bottom interest rates, and weak demand […]

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