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This Singapore Fintech Wants U.S. Banks To Be As Engaging As Amazon

Bank Innovation

A lot of data is being generated and collected on a daily basis thanks to social media, IoT, and online customer behavior (Upstart, for example, uses this method for its underwriting decisions). Customer data is (arguably) the most valuable asset in many industries, financial services included.

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Blockchain Gets A Nod In The Isle Of Man

PYMNTS

In regulatory efforts tied to blockchain, the British dependency Isle of Man has debuted a hub focused on blockchain development. The advisory for the self-governing dependency has established the Blockchain Office, reported Cointelegraph , and has set up a sandbox that looks toward future regulatory frameworks.

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Fintech Startups Haven’t Given Up on Blockchain

Bank Innovation

The afternoon session brought on the blockchain. From these sessions, two winners were chosen that will have the chance to engage with a global bank — perhaps the ultimate prize for a fintech startup today. The morning session at BBVA Open Talent Challenge was all about artificial intelligence.

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Do You Agree with Square’s CEO That Bitcoin Will Be the World’s Single Currency?

Bank Innovation

The social media/fintech executive made headlines in the crypto world.Read More. EXCLUSIVE— With cryptocurrencies losing their luster in the public — and the regulatory — eye, some in financial services still remain bullish on the currency even as its value falls.

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3 Startups to Watch: YingBank, Upgrade, and Teampay

Bank Innovation

With fintech funding on the rise, new startups that want to make their mark on the financial ecosystem are sprouting up every day.

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Expectations Low for Facebook’s Blockchain Initiative

Bank Innovation

Long-time fintech analysts have low expectations for Facebook's newly unveiled blockchain initiative to be headed by PayPal's former president. Further, analysts suspect the effort might not center on using blockchain to offer financial services on the Facebook platform. "[I]

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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

PYMNTS

OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. It is also one of the four FinTech “unicorns” being cultivated by Ping An, which is a state-backed group.

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