Fintech is now one of the world’s best-known startup buzzwords, and with good reason.
The fusion of the finance and technology industries has been a long time coming – some might say too long – but now that the union has happened, sparks have really begun to fly. Read more
A few years back when people referred to “digital currencies” it would be safe to assume that they were referring to bitcoin – but not any longer.
Literally hundreds of digital currencies have flooded the market since the blockchain and Distributed Ledger Technology emerged as potentially the future of the financial services industry. Read more
The Monetary Authority Singapore MAS) and a consortium of big banks including Bank of America Merrill Lynch, Credit Suisse, DBS Bank Ltd, HSBC, J.P. Morgan and Mitsubishi UFJ Group have successfully produced a digital representation of the Singapore dollar for interbank settlement.
Whilst the world’s media obsess about Fintech and Blockchain technology, it’s easy to forget that SWIFT, The Society for Worldwide Interbank Financial Telecommunication to call it by its full name, still rules the financial messaging roost.
In fact, SWIFT has been the top dog for nearly 40 years – since it was first founded, in 1973 with the support of 239 banks in 15 different countries.
R3’s fundraising largest ever for a blockchain / distributed ledger technology provider – yet people are talking about banks that didn’t invest.
The blockchain is what made Distributed Ledger Technology (DLT) famous, but now imitation platforms and services are springing up everywhere
The latest major force is R3, an independent group developing innovative DLT for finance services, such as trading, or international money transfers. Read more
The Japanese government are set to make it easier for the country’s fintech startups to trial new services and technology. Their financial authorities are introducing a pro-innovation sandbox that will offer firms the opportunity to conduct regulator-free trials.
A government agency will review proposals from developers and startup fintech firms. If granted approval, the developers will be given a limited time to run experiments within the sandbox. Read more
From 2013 to 2014, the number of bitcoin users grew by a staggering 700%. Today, those users aren’t just buying products with their bitcoins; according to the South China Morning Post, it’s becoming an increasingly popular way to send money overseas. We take a look at what makes bitcoin so popular, and how it could change the face of the international money transfer market. Read more