How quantum will change everything (including banking, money and security)
Chris Skinner
MARCH 21, 2018
I know that we deal with quite complicated things in financial technologies.
cryptocurrency Financial Technology Security 
Legislators Work On Proposal For Japan To Create Its Own Crypto
PYMNTS
JANUARY 24, 2020
In a move that signals Tokyo’s concern regarding China’s effort to make a digital yuan, as well as Facebook’s Libra, a collection of ruling party legislators is crafting a proposal for Japan to create its own cryptocurrency. The bank recently said the currency was “progressing smoothly,” per past reports.
cryptocurrency 
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Bitcoin Daily: UK Researching CBDC Use Cases; Lebanon To Introduce CBDC In 2021; SEC Member Pushes For Cryptocurrency Regulation; ShapeShift Delists Three Privacy Coins
PYMNTS
NOVEMBER 10, 2020
In other news, Securities and Exchange Commission (SEC) member Hester Peirce expressed hope that securities regulations concerning cryptocurrencies will speed up to match the speed of financial technology innovation. 6), CoinDesk reported, citing regulatory concerns.
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EU To Crack Down On Stablecoin Projects
PYMNTS
JUNE 29, 2020
The European Union (EU) is preparing to update its cryptocurrency rules that could make it more difficult for stablecoin projects, such as Facebook Inc.’s Last fall, the Libra Association petitioned the Swiss Financial Market Supervisory Authority ( FINMA ) for a Swiss payment system license for its planned cryptocurrency.
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Crypto 2020: One Step Up; Two Steps Back
PYMNTS
DECEMBER 24, 2020
If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.
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FinTech Startup Revolut Raises $80M In New Funding, Now Valued At $5.5B
PYMNTS
JULY 24, 2020
has secured $80 million in new funding at a $5.5 Since then, the financial technology (FinTech) company has expanded its portfolio to also offer business banking. with an app and debit card, expanded into cryptocurrency trading with Paxos Trust Co., London startup mobile bank Revolut Ltd.
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Bitcoin Daily: Tether Beats Out Bitcoin In Trading Volume; EOS Receives $24M Fine From SEC
PYMNTS
OCTOBER 2, 2019
Believe it or not, bitcoin is no longer the most used cryptocurrency, with data from CoinMarketCap.com revealing that the token with the highest daily and monthly trading volume is Tether. Companies that offer or sell securities to U.S. Some of the concerning potential patters of trading in the market may start to fall away.”.
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German Finance Minister Speaks Out Against Stablecoins
PYMNTS
SEPTEMBER 18, 2019
17) about proposed cryptocurrencies like Facebook’s Libra and said Berlin would reject them, according to a report by Reuters. Speaking about stablecoins, which are cryptocurrencies backed by more traditional financial products, like fiat currency, securities or gold, Scholz said, “We cannot accept a parallel currency.
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Bitcoin Daily: People’s Bank Of China To Certify Digital Payment Products; Korean Security Agency Supports Blockchain Projects With $9M Fund
PYMNTS
OCTOBER 30, 2019
The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. In other news, the Korea Internet & Security Agency (KISA) announced that it plans to support blockchain-related projects in 2020 with 10.5
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Is mPOS The New Nonprofit Nonoptional?
PYMNTS
DECEMBER 5, 2018
In one recent move, for example, financial technology provider Payscape partnered with CardFlight to bring the latter’s SwipeSimple mPOS solution to more merchants. The pair recently announced they would work to create a series of mPOS solutions that can accept both cryptocurrency retail payments and card payments.
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How Treasurers Can Prepare For A Real-Time Payments Ecosystem
PYMNTS
AUGUST 3, 2020
One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets. .”
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Brex Offers FDIC Insurance, Adds Chief Legal Officer
PYMNTS
JULY 22, 2020
Brex , the San Francisco financial technology startup, is offering FDIC insurance on its no-fee cash management account, the company announced Wednesday (July 22). Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer.
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Mastercard Adds More Startups To Its Accelerate Program
PYMNTS
AUGUST 12, 2020
Mastercard is expanding its Accelerate financial technology (FinTech) portfolio and is adding 11 companies to its Start Path startup engagement program, according to a Wednesday (Aug. 12) announcement. The company said its efforts recognize “the important role FinTechs play in the world’s rapid digital transformation.”.
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FB Touched Base With Fed On Crypto
PYMNTS
JUNE 20, 2019
Federal Reserve Chairman Jerome Powell revealed that Facebook has spoken to the central bank about its upcoming cryptocurrency, called Libra. Powell added that the Fed meets “with a broad range of financial sector firms all the time on financial technology.”.
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Bitcoin Daily: Speedy Crypto Exchange Launched By Former Morgan Stanley Developers; Starling Bank Co-founder Joins Winklevoss’ Gemini Trust
PYMNTS
DECEMBER 4, 2019
A group of former software developers from Morgan Stanley have created a cryptocurrency derivatives exchange that will reportedly execute trades in less than a millisecond for both retail and institutional investors. Phemex has been in the beta testing phase for several weeks, and started trading on Nov. These things will just take time.”.
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Bitcoin Daily: Bank Of Canada Tests DLT; Crypto Startup Uphold Gets Into Loans
PYMNTS
OCTOBER 23, 2018
SBI President and CEO Yoshitaka Kitao said in the announcement that signatures based on MPC “offered our desired level of security, performance and scalability needed to manage transactions for our growing SBI Virtual Currencies customer base.”.
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Taiwan’s Central Bank Might Implement Blockchain
PYMNTS
FEBRUARY 28, 2018
According to news from Finance Magnates , Yang Chin-long, the new governor of the bank, spoke about utilizing new technology — including artificial intelligence, Big Data and blockchain — in the country’s banking system during his inauguration ceremony.
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Cryptos, Blockchain Listed Among SEC Priorities In 2020
PYMNTS
JANUARY 8, 2020
8), the Securities and Exchange Commission ’s (SEC’s) Office of Compliance and Examinations (OCIE) offered up a list of its priorities for the year that has just dawned. Among them: cryptocurrencies and the financial (alternative) data that is used in the investment realm. (for In documents released Tuesday (Jan.
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Circle Rolls Out USD Digital Coin
PYMNTS
SEPTEMBER 26, 2018
. “Just as HTTPS, SMTP and SIP enabled free borderless information sharing and communications, crypto assets and blockchain technology will enable us to exchange value and transact with one another in a similar way: instantly, globally, securely and at low cost.”
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SMB Challenger Banks A Hot Spot With VCs
PYMNTS
FEBRUARY 15, 2019
Compliance startup Chainalysis works with law enforcement officials and financial institutions (FIs) to ensure that their cryptocurrency operations are within regulations. Open Financial Technologies. India’s Open Financial Technologies raised $4.6 challenger bank to secure funding.
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Governments Sending Mixed Signals On Blockchain
PYMNTS
JANUARY 24, 2018
It seems governments are a bit more open to distributed ledger technology (DLT), though that doesn’t mean blockchain companies get a free pass with regulators. I have instructed the SEC staff to be on high alert for approaches to ICOs that may be contrary to the spirit of our securities laws and the professional obligations of the U.S.
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The Future Of Payments Beyond The Pandemic
PYMNTS
JUNE 1, 2020
In a roundtable discussion, the last in the “Powering the Digital Shift” series with Karen Webster, six experts in money movement, fraud prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Looking At Digital IDs — And Friction.
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172 Can Moscow Overcome A Tarnished Tech Reputation?
PYMNTS
NOVEMBER 11, 2016
A renewed focus has been placed on researching and testing blockchain applications, as well as pushing the development of information and financial technology within the country, The CoinTelegraph reported. “It It is of no less significance than the creation of the internet.
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165 Promontory Financial Group CEO on the future of RegTech
Insights on Business
MARCH 12, 2018
Promontory is now a key component of IBM Watson Financial Services. During the interview, he describes how we are in the middle of a cryptocurrency “explosion” that is ripe for regulation. Ludwig also expects new regulatory interest in the vast expanse of emerging financial technologies and services. Watch the video.
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Bitcoin Daily: Chinese Blockchain Co. Invests In Cannabis; Canada, Singapore See Positive Results In Cross-Border DLT Tests
PYMNTS
MAY 3, 2019
Only through continued collaboration and fundamental research will it be possible for this technology to mature and for policy-makers to fully understand its potential,” Scott Hendry, Bank of Canada senior special director of financial technology, said in a press release about Jasper-Ubin project3.
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TS Imagine Strengthens its Marketplace Leadership with Non-Exec Board Appointments
Bobsguide
JULY 21, 2022
The new board members bring significant expertise in core business areas, including digital assets, securities finance, derivatives, and market structure, as the business builds market share in these sectors. He previously held senior positions at Bank of America, Deutsche Bank, Barclays, and Citi. About TS Imagine.
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Evolution through digital reinvention in banking
Insights on Business
JUNE 14, 2018
Is it smartphone-carrying merchants; other advancements in technology like AI, data science and cognitive computing or new ways companies and individuals can conduct business by circumnavigating bank involvement with decentralized digital assets such as cryptocurrencies? The simple answer is: all of the above.
Ballard Spahr creates cross-disciplinary fintech team
CFPB Monitor
JULY 17, 2019
Our Banking and Financial Services and Retail industry groups add further depth and specialized knowledge.
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SPEZA To Accept China’s New Sovereign Digital Currency
PYMNTS
NOVEMBER 3, 2019
And just last week, the People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. These firms would be tasked with distributing the crypto to citizens and others who want to transact using the digital coins.
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Canadian Fintech Market Map
CB Insights
NOVEMBER 21, 2019
Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. This subcategory includes companies enabling the trading, storing, and/ or usage of cryptocurrencies, but excludes companies working on cryptoassets unrelated to financial services (e.g.
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?? Generations X and Y’s “Culture of Convenience” driving financial institutions toward “mobile-first” omnichannel structures
Banking 2020
JANUARY 20, 2016
Consumer and technology trends. Consumers have grown accustomed to a faster, more secure world and expect payment solutions to follow suit. This affinity for technology has created a culture of convenience, so it’s no surprise that mobile payments are increasing in popularity. The bottom line for banks and businesses.
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Companies ‘Pivoting To Blockchain’ See Huge Stock Spikes — But Does The Hype Hold Up?
CB Insights
MARCH 27, 2018
Overstock further extended its blockchain focus just a few weeks after the tZero ICO announcement, via subsidiary Medici Ventures, which led a seed funding round to blockchain-enabled mobile voting platform Voatz , another indication of the company’s interest in fostering diverse use cases of blockchain technology.
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The Periodic Table of Tech In Canada
CB Insights
JULY 1, 2018
The periodic table includes Canada’s only current unicorn company, the social messaging platform Kik Interactive , which launched its own Ethereum-based cryptocurrency in 2017. AR/VR : Augmented/Virtual reality companies include AdHawk Microsystems , which creates eye-tracking technology to solve problems faced by AR/VR manufacturers.
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Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12
Fintech Labs Insights
NOVEMBER 12, 2015
Other than Blackstone’s $820 million bet on what is likely the oldest financial technology company on the planet, NCR founded in 1884 as National Cash Register, just $82 million flowed to the under-100-year-old crowd. ATMs, POS & financial technology. Camino Financial. Year-to-date the total is $16.9
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Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30
Fintech Labs Insights
NOVEMBER 2, 2015
Clarus Financial Technology. Tags: Bitcoin, blockchain, remittances, payments, cryptocurrency, mobile. Source: Crunchbase. Identity proofing solutions. Latest round: $10.45 million Post IPO equity. Total raised: Unknown. HQ: Melbourne, Australia. Source: Finovate. Payment & credit platform for the underbanked. million Seed.
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How Have the Finovate Best of Show Winners Fared?
Fintech Labs Insights
AUGUST 22, 2024
FinGoal: Personal finance tools powered by AI, enhancing user financial decision-making, partnerships with major financial institutions growing. Horizn: Continues to excel in digital adoption platforms for financial services, expanded to additional markets.
Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18
Fintech Labs Insights
DECEMBER 28, 2015
15 million to security provider Trulioo. Diversified financial technology provider. Blockchain technology for businesses. Tags: B2B, SMB, blockchain, bitcoin, cryptocurrency. Three Finovate alums banked a total of $65 million: $50 million to new-age payroll provider Gusto (formerly ZenPayroll). $15 FinTech Group.
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Fintech Fundings: 30 Companies Raise $390 Million Week Ending May 13
Fintech Labs Insights
JUNE 6, 2016
Bridge Financial Technology. Back-office platform for financial advisors . Online debit card security. Tags: Consumer, security, payments, direct debit, online billpay. Source: FT Partners. iPad POS system for the hospitality industry. Latest round: $22.8 million Series C. Total raised: $37 million. DebitShield.
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The 2022 GonzoBanker Awards
Gonzobanker
DECEMBER 19, 2022
You may remember Tyfone by its history in security and early entry into mobile banking, but you would recognize them by their red Converse Chucks at any industry event. Steve McLaughlin from Financial Technology Partners’ Money 2020 party. The Digital New Kids on the Block Comeback Tour. Best Industry Afterparty.
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The 2023 GonzoBanker Awards
Gonzobanker
DECEMBER 14, 2023
We remember his architecting the legendary Bank of America and Security Pacific merger on the West Coast. The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. The Monty Python “Biggus Dickus” Award – goes to Sen.
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195 37 Corporate Innovation Labs In Finance
CB Insights
MAY 15, 2019
With recent advances in blockchain, cryptocurrency, contactless payments, and more, finance is primed for disruption. As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs.
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The 2024 GonzoBanker Awards
Gonzobanker
DECEMBER 19, 2024
Most importantly, Kim has focused Summit on a core mission of empowering women, and others, in building financial security, wealth and avoiding poverty in retirement. This mission runs through every aspect of the organization, from financial education to products, community events and charitable giving. billion in 2001 to $8.2
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88 Dodd-Frank Looms For Capitol Hill Consideration
PYMNTS
FEBRUARY 26, 2018
That collaboration comes in the form of the Cooperation Arrangement on Financial Technology Innovation. The Securities and Exchange Commission has charged a former cryptocurrency exchange and its founder – respectively, BitFunder Jon E. The two entities are cross-supporting efforts through LabCFTC and FCA Innovate.
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