Fintech funding round-up: 19 December 2017
Features Softbank, Lemonade, Amazon, Capital Float and Delio.
FinTech
Bitcoin is useless
The recent surge in its price is good news for investors, but perhaps a death sentence for its functional value.
Gemalto wooed by Thales’ massive wallet
Story needs more double entendres.
Fintech trends 2017: blockchain, big data… what’s next?
2017 ends with the Bitcoin having surpassed the $19,000 mark. Could this perhaps be a taste of our future?
Symbiont smart contracts to simplify index data sharing for Vanguard
Smart contracts platform Symbiont has teamed up with Centre for Research in Security Prices (CRSP).
Oracle cloud revenue bursts 44%
Oracle reported total cloud revenues up 44% to $1.5 billion for Q2 of its fiscal 2018.
Financeit recapitalisaton gives Goldman Sachs majority stake
Point of sale (POS) financing provider Financeit completed an investment round with existing shareholder Goldman Sachs
SBDA Group closes Series A investment round
Banking personalisation firm SBDA landed investment from FinSight Ventures and Digital Space Ventures.
DoubleNet Pay to power cashflow management tool for T Rowe Price
Financial management tech start-up DoubleNet Pay scored a deal with investment services firm T Rowe Price.
Banking Technology December 2017/January 2018 issue out now
In the eye of the storm we provide clarity.
Banking Technology Awards 2017: and the winners are….
The glamorous Banking Technology Awards 2017 took place on 13 December at the elegant Millennium Mayfair hotel in London.
Top fintech stories this week – 15 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Infographic: the rise of the ICO
The initial coin offering (ICO) investment has surged since the first one back in 2013.
Using artificial intelligence to keep criminal funds out of the financial system
Are you suspicious? This is a key question at the heart of efforts to tackle money laundering: if you work for a bank or other financial institution and have suspicions money laundering is happening, you have a legal duty to speak up.
AI will create 2.3m jobs by 2020 – report
With concerns that AI will make human employment obsolete, research firm Gartner is looking to counter that narrative.
Fortune 500 fuel IBM quantum computing quest
IBM has revealed the first clients to tap into its IBM Q early-access commercial quantum computing systems.
Kaspersky names WannaCry “vulnerability of the year”
The baddest boy on the security block.
Fintech funding round-up: 13 December 2017
This round-up features Finstar, State Street, FRISS and iZettle.
IBM hot for bots with asset exchange launch
IBM has unveiled its Bot Asset Exchange – a place for chatbot development.
ING cuts bond trading time with AI-powered Katana
The name’s bond. Tamed bond.
Rise of the machines will be monitored
The Financial Stability Board has stated in its first report on AI that the risks they pose need monitoring.
Blockchain and Bitcoin round-up: 11 December 2017
Featuring the Gibraltar Parliament; Cboe Global Markets; and Waves Platform, Ethereum and Deloitte teaming up.
IoT spending to reach $772bn in 2018 – report
Spending on IoT could reach $772.5 billion by the end of 2018, with the whole market headed toward $1 trillion by 2020.
Fintech funding round-up: 11 December 2017
This round-up features WorldRemit, PAIR Finance and an update on Sophia the AI robot and SingularityNET.
Fintech companies will be a new kind of business in 2018
Fintech companies will find that they are a different kind of business in 2018 than they were in 2017.
Report: Global security spending will top $96bn in 2018
New regulations are forcing enterprises to spend more of their IT budgets on security.
Blockchain and Bitcoin round-up: 8 December 2017
The latest features IOTA, Microsoft, Indonesia’s central bank and Australian Securities Exchange.
Coinbase caught up in Bitcoin blowout
What happens when you’re facilitating the trade of a product that is experiencing extreme hockey stick growth?
Fifth Third Bank chooses FIS for real-time payments
US-based Fifth Third Bank has chosen FIS to enable real-time payments (RTP) for its customers through The Clearing House’s (TCH) payments system.
Startupbootcamp launches Scale innovation programme for start-ups
Startupbootcamp has unveiled the launch of Startupbootcamp Scale, an innovation programme for growth stage start-ups in emerging markets.
Survey report: UK bank account opening comparison
Have any UK high street or challenger banks made the jump to 100% digital onboarding?
What is the future of digital cash?
The recent World Economic Forum (WED) report “Sweden could stop using cash by 2023”, says that the country is moving towards favouring cards and mobile payment apps. Yet retailers are expected to accept cash for at least a couple of years afterwards.
Top fintech stories this week – 8 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Blockchain and Bitcoin round-up: 7 December 2017
Blockchain and Bitcoin round-up – features a nasty hack on NiceHash; Pundi X in Indonesia; a Deluge Network for ICOs; and Blockchain Centre Vilnius in Lithuania.
The missing link: the supply side of cryptocurrency
Supply and demand are the bedrock of market-based economics. To achieve economic equilibrium, supply and demand must be in balance. If one is too high or too low, the system is in a state of disequilibrium, associated with inefficient allocation of goods – not a healthy state.
Revolut launches cryptocurrency trading
Consumer interest in digital currency is at an all-time high. Much of this is thanks to Bitcoin and so this week is the perfect time for global banking company Revolut to launch cryptocurrency trading on its platform.
IBM’s Power9-based AC922 system designed for AI workloads
IBM is ready to start shipping the first commercial server systems built around its recently released Power9 processor. Dubbed the AC922 Power Systems, these servers will ship by the end of December, and are specifically designed for artificial intelligence (AI) workloads.
E-book: In-Memory Computing for Financial Services – Part 2
New financial services challenges – are you ready for Modern Payments Systems, IoT and blockchain?
Convenience versus control: getting the balance right
Nick Kerigan, MD of Future Payments at Barclaycard, looks at how innovation is helping the payment industry to balance offering seamless payments with keeping people in control of their money.
Fintech funding round-up: 4 December 2017
Coming straight after Friday’s (1 December) fintech funding action, here’s another round-up to take the Monday blues away. This round-up features Oakam, KeyBank, Snapsheet, Payrailz and Elsen.
