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Blockchain VC Investment Nears $500M in 2016

Bank Innovation

As the buzz around blockchain fades, so does the venture capital investment in the sector. Blockchain VC investment plateaued last year, nearing $500 million at yearend 2016 — only a 1% improvement, compared to 2015, according to State of Blockchain 2017 report published by Coindesk today.

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2016 Innovators to Watch: 44 Executives Shaping the Future of Banking

Bank Innovation

Some of the shine seems to have come off fintech innovation in 2016. Startup valuations are dropping; once abundant venture capital is growing scarcer; marketplace lending has gotten bruised — even the self-proclaimed capital of fintech, London, faces an uncertain future with Brexit.

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Augmented Reality Adds 3D Technology To Boost Retail Conversions

PYMNTS

Vince Cacace , CEO of Vertebrae, told PYMNTS that AR in 3D has become a high-demand technology for all kinds of products and retailers. “We It started when Founder Stephen Lease was training for a marathon in 2016. It capitalized on that growth to add new sports, including golf, strength training and biking.

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VC Fintech Funding Shrinks in 2016, Especially for Early-Stage

Bank Innovation

Venture capital-backed fintech companies in the U.S. Venture capitalists were not buying it last year. saw a drop in both deals and funding volume last year. Fintechs raised $5.5 billion across 422 deals, compared to $7.7 billion (and 459 deals) in 2015 – a 29% drop, according to the Global Fintech Read More.

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2016 Innovators to Watch: 1 to 5

Bank Innovation

Lucy Peng, CEO, Ant Financial Ant’s latest fundraising round – the largest ever anywhere – of $4.5 billion, and its overall valuation of more than $60 billion, have turned the Alibaba spinoff into one of the most valuable private tech companies in the world. Launched in 2014, Ant Financial Read More.

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Why FinTech start-ups think they can beat the banks

Chris Skinner

They want to get to the nirvana of new technologies, but are stuck in a spaghetti of old systems. What we are seeing is many new companies launching capabilities built upon the latest internet-enabled technologies. They are very different to banks and are collectively known as FinTech, financial technology start-up companies.

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Half of Investors Allocate Capital to Marketplace Lending, Survey Shows

Bank Innovation

The results of the survey, titled 2016 Survey of U.S. Marketplace Lending, show that half of investors surveyed have capital allocated for marketplace lending. Investors see a sunny future for marketplace lending, according to a survey released today by Richards Kibbe & Orbe LLP (RKO) and Wharton Fintech. The Read More.

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