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Tech Center: Dubai Takes A Front Row Seat To FinTech Growth

PYMNTS

As of 2012, Dubai was the 22nd most expensive city in the world and the most expensive city in the Middle East. Dubai is considered to be a hotbed for financial technology and innovation, not just in the Middle East but globally. DIFC is uniquely positioned to become the regional hub for FinTech.

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Cloud Lending Solutions Partners with Fujitsu

Fintech Labs Insights

Hideki Kiwaki, Corporate Executive Officer, EVP, Vice Head of Global Services Integration Business, called the partnership an “important strategic initiative” for Fujitsu that “will enable rapid and flexible delivery of financial technology solutions that will eliminate the departmental silos slowing lenders down.”

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Ripple Technology Drives Invoice Trading Platform

Fintech Labs Insights

“It is also on the forefront of the trending use of distributed financial technologies in the Asia-Pacific region.” Founded as Open Coin in 2012 and rebranded as Ripple in October , the company demonstrated the Ripple network at FinovateSpring 2013. The company is headquartered in San Francisco.

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LendingClub Settles With SEC, DOJ

PYMNTS

As technology continues to provide more creative means for financial transactions, so, too, must financial technology companies be careful to abide by the rules that ensure stability and fairness in these emerging markets.” LendingClub has agreed to pay a $2 million civil penalty to settle the matter. “As The Aftershocks.

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Ripple Raises $55 Million Series B; Announces New Bank Partners

Fintech Labs Insights

Founded in 2012 and headquartered in San Francisco, California, Ripple demonstrated its technology as OpenCoin at FinovateSpring 2013. ” Accenture’s Richard Lumb added that the use cases for distributed financial technology go beyond cross-border payments, including services like real-time reporting and fraud detection. .”

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37 Corporate Innovation Labs In Finance

CB Insights

Acting as a minority investor, Citi Ventures looks for entrepreneurs who are working on next-generation technologies in core business areas like financial services, data analytics, and payments. Founded: 2012. and Wearatec to develop contactless wearable payments technology. Founded: 2012. Bank OZK — OZK Labs.