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QR code payments may not inherit the earth. But they may be one of the key technologies developing countries can leverage in order to bring both untaxed merchants and underbanked consumers into their formal national economies. These are some of the top level conclusions reached in the report – QR Code Developments May Disrupt the Read more…
Blame it on the halving? This week the Wall Street Journal reported that JPMorgan had established an official banking relationship with two cryptocurrency exchanges: Gemini and long-time Finovate alum Coinbase. JPMorgan is not going all-in on crypto; the agreement calls for the bank to process only the exchange’s fiat-based transactions. Nevertheless, the partnership is a Read more…
With ongoing stay-at-home orders in place due to COVID-19, companies of all sizes across many industries have had to find a way to take their operations into the digital realm. So while digital transformation had previously been on financial services firms’ radars, it has quickly evolved into a priority. Bajaj Allianz has experienced particular success Read more…
Driven by the preferences of millennial consumers, the fintech industry is expected to generate revenues of $500 billion in ten years based on research just published by UBS. This represents a growth of more than 3x over the $150 billion in revenues the industry generated in 2018, and shows fintech outpacing the revenue growth expectations Read more…
Just yesterday we previewed our new all-digital FinovateAsia conference coming in July. Today we’ll give you a sneak peek at some of the talent who will be providing keynote addresses at this special, mid-summer event. Start-Ups and Digital Transformation The first day of FinovateAsia will feature an afternoon keynote address with Chris Skinner, financial services Read more…
COVID-19 has brought many new challenges to daily life– from working from home requirements to new budgetary restraints and stock market volatility. Fortunately, it is in times of crisis when fintech solutions shine the brightest. In a pandemic-burdened world, companies across the fintech sector offer answers (and to some, a sense of peace) to those Read more…
Mambu, the cloud-based banking platform based in Germany, is partnering with U.K. business banking platform Tide to power the company’s revolving credit facilities and overdrafts for small businesses. “There is a need to be flexible, agile, and customer-centric in the design of financial products,” Managing Director of Mambu EMEA Eelco-Jan Boonstra explained. “Legacy technology constraints Read more…
The prospects for insurtech this year were bright. In February, financial services-based VC firm Anthemis announced that it was launching a new, $90 million fund focused on “fast-growing insurance technology startups.” The fund, which Anthemis anticipated would be fully-funded later this year, will target later-stage insurtechs with a proven track record in helping insurance companies Read more…
Shortly after adding ETH, XRP, and three stablecoins to its platform, blockchain payment services provider BitPay announced today it has added one more to the mix. BitPay is collaborating with digital asset exchange platform Binance to add the Malta-based company’s stablecoin, BUSD, to its platform. The new addition will enable BitPay’s 2 million users to Read more…
What have the companies that demonstrated their latest technologies at our west coast fintech conference last spring been up to in the months since then? We’ve moved the event later in the year in 2020 due to the public health concerns over the coronavirus pandemic. But we still wanted to check in on these innovators Read more…
Blockchain-based payments company Sila announced today it has pulled in $7.7 million in Seed funding. The round was led by Madrona Venture Group and Oregon Venture Fund with contributions from Mucker Capital, 99 Tartans, Taavet Hinrikus, and Jerry Neumann. Sila was co-founded in 2018 by Shamir Karkal, one of the entrepreneurs who co-founded Simple in Read more…
With a global pandemic reshaping the way we live and work, Finovate VP Greg Palmer and his Finovate Podcast turned to two of our industry’s most insightful observers this week to help put the current challenges to fintech in context. Ron Shevlin, Managing Director of Fintech Research at Cornerstone Advisors, is one of the world’s Read more…