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What is the State of Banking Innovation in 2017?

Bank Innovation

What is the state of banking innovation today? Bitcoin mania has died down in the fintech world, and the conversation has shifted to technologies like voice banking, payments, and alternative credit scoring. This year, the pressure for banks to innovate is high, as banks no longer […].

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Banking On APIs For B2B Innovation

PYMNTS

Banks and FinTechs have been both competitors and collaborators in the financial services space. In recent years, banks have even seen greater competition in the lending market from new FinTech players that can quickly approve loan applications and distribute funds to lenders. New tools for new FinTechs.

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Bitcoin Daily: FinTech Outpaces Blockchain In 2018 VC Funds; Chainalysis Raises $30M For Expansion

PYMNTS

In other news, Chainalysis , a crypto transaction analysis startup, announced that it has raised $30 million in Series B funding, led by venture capital (VC) firm Accel. According to Innovate Finance ’s “ 2018 FinTech VC Investment Landscape ” report, “2018 was a record year in FinTech, with $36.6

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Today In Payments Around The World: Grab Notches $300 Million: Saudi Arabia’s Open Banking Plan Seeks To Further Digital Innovation

PYMNTS

Grab Financial Group, a Southeast Asian FinTech, said it notched $300 million in a funding round. Flourish Ventures, Arbor Ventures, GGV Capital and K3 Ventures were some other investors in the round. Saudi Arabia’s Open Banking Plan Aims To Advance Digital Innovation.

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Bitcoin Daily: MGH, Korean Blockchain Startup Pair On Patient Data; FINMA Permit Eases Crypto, DLT Rules

PYMNTS

The Swiss Financial Market Supervisory Authority (FINMA) is aiming to boost innovation in cryptocurrency and distributed ledger technology (DLT), by easing some of the existing rules. Another important requirement: an institution with a FinTech license must have its registered office and conduct its business activities in Switzerland.

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Bitcoin Daily: US Treasury’s Mnuchin Says ‘Significant’ New Crypto Rules In Works; Spain’s FC Barcelona To Create Team Token

PYMNTS

He said that there had to be a balancing act — the tech should be allowed to move forward and innovate. In other news, soccer powerhouse Barcelona is teaming with Chiliz, a FinTech platform, with the intent of creating its own blockchain-based token for the team. Secretary of the Treasury Steven Mnuchin said Wednesday (Feb. In the U.S.,

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Kenya CMA drafts Sandbox Rules to test Bitcoin and other Fintech

Bankelele

Kenya’s Capital Markets Authority (CMA) has proposed rules to create a regulatory fintech sandbox for innovations which do not fit within the country’s current financial regulatory framework. The post Kenya CMA drafts Sandbox Rules to test Bitcoin and other Fintech appeared first on Bankelele.

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