SWIFT Pilots New Payment System to Beat Back Competing Blockchain and FinTech Solutions

Photo: SWIFT The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the world’s leading provider of secure financial messaging services, has announced its plan to roll out the global payment innovation (GPI) pre-validation programme which will look at using predictive analytics and artificial intelligence (AI) to improve the predictability of international payments. The first step of the…

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Ethereum Adoption Unexpectedly Hits Crypto Markets in Chile and the Philippines

Ethereum, the third-largest virtual coin by market capitalization, has been widely used in different parts of the world. The most successful implementation of this digital currency is observed in developing countries such as Chile and the Philippines, reports Ethereum’s co-founder Joseph Lubin. Chile Embraces New Fintech    Cryptocurrency in Chile has been doing a great…

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InstaReM CEO: We Are Looking to Acquire Licenses in APAC Region

Cross-border payments are a perennial problem for both individuals and businesses alike. And though many new service providers have risen up over the past twenty years, issues still remain. Hidden fees and bad exchange rates are often the name of the game and can leave a user feeling as though they got gypped. Companies such…

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Ethereum’s Joe Lubin: Blockchain Will ‘Take a Little Longer’ to Develop Than the Web

Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar…

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First Derivatives Reports 20% YoY Increase in H1 2019 Revenue

First Derivatives (FD) has announced its unaudited financial results for the six months ended August 31, 2018. For the first half of its 2019 fiscal year, FD, a consulting firm and software provider to trading companies, experienced solid results across its key financial areas. Taking a look first at revenue, FD managed to achieve a…

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SEC Launches FinHub to Engage with ICO and Other FinTech Startups

In a welcome development for blockchain and cryptocurrency firms, the U.S. securities regulator has launched its Strategic Hub for Innovation and Financial Technology (FinHub). SEC Announces FinHub The U.S. Securities and Exchange Commission (SEC) has announced the launch of FinHub, its Strategic Hub for Innovation and Financial Technology. The announcement was made earlier through a…

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Fintech Trends Q2 2017

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European Financial Watchdog Allocates Over 1 Million Euro To Monitor FinTech And Cryptocurrencies

The European Securities and Markets Authority (ESMA) has revealed that it will spend more than €1 million ($1M USD) to monitor FinTech and cryptocurrency activities during 2019. Founded in 2011, the ESMA works in the field of securities legislation and regulation to improve the functioning of financial markets in Europe, strengthening investor protection and co-operation…

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Abi Lab Blockchain Project Moves to Phase Two After Initial Success

An Italian blockchain project, involving fourteen of the pizza-loving country’s banks, is moving ahead after a successful initial testing phase. Companies participating in the Spunta Project, which is being spearheaded by Abi Lab, will now be working with the blockchain system on a daily-basis. If you’ve spent the last 12-months holidaying on Mars, you may…

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Austrian Government To Leverage Ethereum Network To Issue Bonds

The central European country will use blockchain technology in its next federal bond auction. Austria will hold an auction next Tuesday, October 2, to issue 1.15 billion euros (over $1.34 billion as of press time) in bonds managed by the Austrian Federal Financing Agency (OeBFA), according to a recent report from regional newspaper Kleine Zeitung….

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NAGA Group at the Leading Edge of Fintech

NAGA Group, one of the top players in the cryptocurrency industry, has made huge strides in becoming the sector’s go-to platform. With 7 unique working products, NAGA Group will introduce another six that will step up their game even more. The company has perfected the recipe to success in the fintech industry by creating a…

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Nasdaq to Acquire Swedish Fintech Provider Cinnober

Nasdaq, an American stock exchange, announced today that it will acquire Cinnober, a Swedish fintech provider to brokers, exchanges and clearinghouses. Nasdaq made an all-cash recommended public offer to the shareholders and warrant holders of the firm worth $190 million. Nasdaq will fund the acquisition with either cash on hand or liquidity available under existing…

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Reasons Why an Honest ICO Rating is Crucial in Fintech

An Initial Coin Offering or ICO is important in the development of new technologies. Here are the reasons why an honest ICO Rating is important in the Fintech industry. The financial landscape has been molded to accommodate digital currency. Many companies develop their own technologies using an ICO. An ICO is also known as an…

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Exclusive: Head of CySEC-

The last time we interviewed Demetra Kalogerou, the Chairwoman of the Cyprus Security and Exchange Commission (CySEC), more than two years ago, the topics on the table were very different. Back then, the watchdog was still contemplating how to handle offshore call centers and whether to outlaw binary options. Fintech was a nice buzzword, whereas cryptocurrency…

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OCBC Pilots Two AI Technologies to Increase Anomaly Detection in Trading

Oversea-Chinese Banking Corporation (OCBC) announced today that it has piloted two artificial intelligence (AI) fintech solutions. The solutions aim to strengthen internal controls to protect the interests of customers and shareholders. Specifically, the solutions aim to increase the detection of anomalies that are found during the audit of trading activities. It achieves this by analysing…

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SWIFT, IBM Make Headlines with Cross-Border Initiatives, Blockchain is a Transaction Conduit

Beyond Cryptos, Blockchain is making waves as a pipeline for transactions. China perhaps is in the news amid degradations on trading. There are several initiatives from financial institutions such as banks in China to use Blockchain technology to exchange assets. In other payments facility-related offerings, some preeminent names have created some straddles.    Blockchain-enabled Conduit…

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Moscow Farmers to be Granted an Opportunity to Use Ethereum Blockchain

Market season in Moscow is a very important event. It gathers thousands of farmers from Russia, Armenia, and other countries, who compete for 15,000 trading spots. Due to various farmers’ complaints about the application review system, Moscow’s authorities have decided to implement the Ethereum Blockchain. “We believe that farmers should have a transparent system to…

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The First Use of Blockchain in Russia, Gazprom Neft Improves Aviation Refuelling

Russia has always taken financial technology cautiously and regarded it as a very unstable and volatile thing. However, Gazpromneft-Aero and S7 Airlines finally took a risk and implemented blockchain in their field. The new technology helps to improve processing time and efficiency during aviation refuelling. «The development and implementation of digital services like this is…

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Who Is Going to Win? Banks or New Blockchain Based Fintech

Banks are the pillars of the financial system. Yet it has also been said that banks are archaic institutions and no longer wield any loyalty or respect from their clients. Few will agree that current banking system is modern or can live up to the title of an honest institution as the frequent scandals with…

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Fintech Startup Revolut Launches Cryptocurrency Supported Debit Card

The widespread use of a new financial instrument in day-to-day transactions have long been hailed as the holy grail for any early-stage asset class, crypto included. And with a recent announcement, crypto has tentatively moved one step closer to becoming a widely-accepted medium of exchange. Revolut & Crypto — A Match Made In Heaven On…

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