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Consumer interest in digital currency is at an all-time high. Much of this is thanks to Bitcoin which, as of this morning, is valued at over $11,800. So this week is the perfect time for global banking company Revolut to launch cryptocurrency trading on its platform. Starting Thursday, Revolut account holders will be able to Read more…
Having finalized its acquisition of WePay today, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion. Since it was founded in 2009, WePay has been creating payment APIs and processing payments on behalf of small businesses. Earlier this fall, the company announced it would be acquired by Read more…
Challenger bank Countingup is the latest firm to call on London-based HooYu for its innovative identity confirmation services. “It was important to us to design the account opening process to make it as easy as possible to open an account in less than five minutes,” Countingup CEO Tim Fouracre said. “HooYu helps us not Read more…
Bitcoin exchange Coinbase has a new president, Asiff Hirji, who will also serve in the newly-created position of chief operating officer. Formerly of Hewlett-Packard and Andreessen Horowitz, Hirji joins the company at a time of soaring interest in bitcoin and digital currencies, and will bring his expertise in managing large investment platforms and brokerage firms to Read more…
Business expense management specialist Concur has introduced a new receipt solution, integrated with China’s WeChat platform, that makes it easier for businesses and their employees working in China to track expenses and remain compliant. The technology, Concur e-Fapiao, gives employers real-time access to an employee’s receipt, Concur Greater China MD Boonthai Hoh explained, which streamlines Read more…
Blockchain innovator AlphaPoint has announced plans to build a new public blockchain network that will enable users to digitize real-world assets and monetize them across new markets. The network, dubbed the AlphaPoint Public Network (APN), will be the first public blockchain built based on Intel SGX technology. AlphaPoint will fund the project via a pre-functional Read more…
Helping banks and other financial institutions manage the myriad third party fintech solutions available to them will only become more necessary as the open banking revolution takes hold. And that’s where companies like FI.SPAN come in. The firm, which made its Finovate debut earlier this year at FinovateFall, provides a cloud-based, API services management platform for Read more…
With our newest conferences– FinovateAsia and FinovateMiddleEast– back-to-back, we wanted to examine unique trends to those regions. Each place has its own distinctive culture, and with that comes not only individual financial needs, but also a particular set of regulatory rules. These factors not only create different fintech environments but also heavily influence the trends Read more…
Fujitsu has teamed with Silicon Valley-based Sensory to provide face biometric authentication for Mizuho’s mobile banking, reports Antony Peyton of Banking Technology (Finovate’s sister publication). Mizuho is the first customer of the Fujitsu and Sensory partnership and it will be using TrulySecure. This solution’s features include the option to fuse voice and face biometrics recognition Read more…
Alternative credit company Kabbage has a lot to be thankful for this week. The Atlanta-based startup received a new $200 million revolving credit facility from Credit Suisse this week. This brings Kabbage’s total debt funding to $750 million. Kabbage emphasized that this credit facility diversifies its funding sources, which will help it scale faster and bolster Read more…
Communications compliance and analytics company Actiance has made its exit this week. The California-based company has been acquired by K1 Investment Management, an investment firm focused on acquisition-based growth opportunities. K1 will join Actiance with its rival, Smarsh, which specializes on archiving compliance. The combined company will reach more than 6,500 financial services companies, including Read more…
It’s that time of the year once again: KPMG and H2 Ventures have teamed up to introduce their Leading Global Fintech Innovators roster, the Fintech 100 for 2017. The judges for this year’s Fintech 100 included more than 20 professionals from KPMG and other organizations with expertise in IT, data analytics, capital markets, financial services, Read more…