PYMNTS

JUNE 8, 2020

In Hong Kong, 39 percent of new FinTech firms launched in the last year are now operating via blockchain, Cointelgraph reported. Enterprise DLT solutions are the largest chunk of the total with 45 percent utilizing blockchain, while trading platforms make up 27 percent, and digital asset custodians comprise 14 percent of the total.

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PYMNTS

JULY 1, 2019

Traditional banking options are not up to par in today’s digital world, and FIs and FinTechs need to be ready to support their clients with quick, transparent payment methods and easy currency conversions if they want to remain competitive. Canadian payments network Interac has experimented with blockchain for consumer payments.

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Bank Innovation

JUNE 27, 2017

The opportunity ship has sailed for personal finance management, lending, or robo advisory sectors of fintech, according to Rebecca Lynn, co-founder of venture capital firm Canvas. So where are investors looking for new opportunities?

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PYMNTS

APRIL 28, 2017

Although it’s still in its infancy stage of being used outside of the financial arena, blockchain technology is slowly showing signs of impacting other industries. On the tip of everyone’s tongue in the digital advertising arena is blockchain technology. Blockchain has a number of exciting implications for digital advertising.

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PYMNTS

DECEMBER 20, 2019

FinTechs and financial institutions (FIs) are banding together to create a digital dragnet that never sleeps, because crooks never do. vs. the FinTechs. Fraud prevention tech has to scale. Clean’ and ‘Friendly’ Fraud are Neither. That’s “clean” fraud.

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PYMNTS

MARCH 11, 2019

CULedger , a credit union, has inked a partnership with IBM to create blockchain services geared toward credit unions. According to a report in Fintech Futures , the idea behind the project is to use permission-based blockchain technology so credit unions can reach more members that don’t have access to financial services.

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PYMNTS

JUNE 14, 2019

Many of the headlines centered on payments fraud have focused on the damage done to smaller suppliers and vendors, especially in the U.K. But beyond the now-familiar conduits of fraud done across email or through fake invoices, some lures have come through ties with cryptocurrencies. The scheme took place over three years.

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PYMNTS

FEBRUARY 12, 2019

General Motors’ financing unit, General Motors Financial, is teaming up with Spring Labs , a blockchain company, to create identity verification solutions. The idea is to create a solution for verifying IDs and preventing identity fraud that meets all the regulatory requirements. In a press release issued on Tuesday (Feb.

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PYMNTS

JULY 23, 2020

YouTube is seeking to dismiss a lawsuit against it from crypto firm Ripple alleging that YouTube doesn’t do enough to remove scams and fraud, according to court documents. In other news, Ant Group , the FinTech arm of Chinese eCommerce company Alibaba , has launched its own new blockchain brand called AntChain, according to The Block.

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PYMNTS

JUNE 13, 2019

For blockchain technology, the crux of many of its purported benefits for the enterprise is its decentralized nature, which, proponents of distributed ledger technology (DLT) have said, promotes visibility and makes it more difficult for data to be manipulated. ” However, that’s only the beginning.

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PYMNTS

OCTOBER 31, 2018

HSBC, Standard Chartered and 10 other banks launched a new blockchain -based trade finance program in Hong Kong on Wednesday (Oct. Blockchain for finance is expected to lower the levels of fraud in letters of credit and other transactions used for trade finance, and to reduce the number of steps in the process.

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Bank Innovation

SEPTEMBER 27, 2017

Fintechs are partnering with banks, banks are using blockchain technology, artificial intelligence, and cryptocurrency and financial regulation is still undergoing massive changes. 2017 has been a […].

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PYMNTS

OCTOBER 27, 2019

27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. Making Waves With Blockchain. This time around, Turner explained that Mastercard has built a proprietary blockchain off of their networks that ties into infrastructure that is already in place.

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PYMNTS

OCTOBER 27, 2019

27), far-flung verticals such as healthcare and seafood supply chains – and even FinTech – can be united under a key principle: Trust. Making Waves With Blockchain. This time around, Turner explained that Mastercard has built a proprietary blockchain off of their networks that ties into infrastructure that is already in place.

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Insights on Business

DECEMBER 27, 2017

As we wrap up an unpredictable and sometimes tumultuous year in both the fintech industry and the world, we’re looking back at the last 12 months of IBM FinTech blogs to pick out some of the more popular and insightful posts of 2017. Banking on blockchain for increased trust”. Banking the unbanked in India”.

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PYMNTS

JANUARY 23, 2020

The January AML/KYC Tracker examines 5AMLD’s significance, as well as other efforts to thwart the fraud attempts challenging the financial sector. Mobile wallet users of India-based FinTech Paytm were recently targeted by scams in which fraudsters falsely claimed that the customers needed to resolve KYC problems. About The Tracker.

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PYMNTS

DECEMBER 12, 2019

Yao’s hiring was anticipated because of his contribution to the development of the central bank digital currency (CBDC) and his deep understanding of FinTech and blockchain, according to Caijing. The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey’s FinTech unicorn Square. .

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PYMNTS

DECEMBER 26, 2019

Companies are getting much better at fraud detection and prevention, partly in response to its rapid spread. A leading index of digital theft found that loyalty fraud exploded by 89 percent over 2018, opening a vast new front in the battle. For their part, the anti-fraud community is hitting back hard. Fighting Fakes With Fire.

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The Paypers

JULY 25, 2023

US-based fintech Conio has partnered with US-based blockchain analysis firm Chainalysis to improve the former’s fraud prevention capabilities.

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PYMNTS

FEBRUARY 21, 2017

Blockchain has significant potential to disrupt B2B payments in the name of digitization and security. And with paper checks as some of the most manual and least secure corporate payment technologies in use today, it could be a good place for blockchain disruption to start.

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PYMNTS

APRIL 22, 2019

Digital payments entity and eCommerce platform Infibeam Avenues and blockchain startup Primechain Technologies have announced a partnership to implement a cross-border blockchain invoicing platform for the $12 trillion global trade finance market.

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PYMNTS

JUNE 16, 2018

Russia’s corporate treasurers are working with the nation’s central bank on a blockchain initiative, reports in CoinDesk said Friday (June 15). Russia’s FinTech Association and 14 of the nation’s largest banks collaborated on the development of Masterchain, reports noted, citing a white paper.

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PYMNTS

JULY 20, 2017

In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. Committing identity fraud is typically at the core of data-stealing schemes in an attempt to steal money.

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PYMNTS

DECEMBER 2, 2019

The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform. 29, requesting tech companies who can build a “proof of concept” shared KYC system that would allow commercial banks and the central government to share and update customer data on a blockchain.

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PYMNTS

AUGUST 28, 2019

In China, the central bank has said that it will offer up a three-year development plan for the domestic FinTech sector. The reports state that the FinTech firms in that country “should take the approach of [Chinese president] Xi Jinping’s socialism with Chinese characteristics in the new era as the guide.”

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PYMNTS

MAY 22, 2019

Faced with a growing number of transactions to process in real time, payment service providers (PSPs), financial institutions (FIs) and FinTech firms also need to make sure the security of these smarter payment systems is up to par.

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PYMNTS

DECEMBER 7, 2020

Today in B2B payments, Revolut launches a new solution for its business customers, and MonetaGo collaborates to combat trade finance fraud. Plus, Pioneer Bank sues over MyPayrollHR scandal, Procurement Partners secures new funding, and ImagineTime partners on FinTech for accountants. MonetaGo, GUUD Team On Secure Transactions.

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Insights on Business

DECEMBER 7, 2017

Two years ago I wrote an article on the 6 biggest trends in FinTech. In a landscape where new technology arises, gets implemented and goes mainstream in a heartbeat, I wanted to cover five of the most impactful trends currently impacting the FinTech industry today: 1. Blockchain. Artificial Intelligence and Machine Learning.

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Bussman Advisory

MAY 8, 2021

The latest edition of the FinTech Ecosystem Newsletter is here : The post Twitter adds ‘tip jar’? to pay for good tweeting | WEF on blockchain use in capital markets | HSBC voice biometrics prevents £249m attempted fraud appeared first on Bussmann Advisory AG.

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Chris Skinner

FEBRUARY 18, 2018

Dogecoin was … The post Why bitcoin is not a ‘fraud’ or ‘bubble’, but something you should take seriously appeared first on Chris Skinner's blog. There are even some coins that were created as a joke that are getting significant investments, such as Dogecoin.

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Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

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PYMNTS

SEPTEMBER 7, 2018

But with the power of faster payments comes the potential for faster fraud. billion: The estimated global value of the blockchain market by 2024. 24/7: The mindset of FinTechs that seek to offer services, payments and lending across borders and time zones without interruption. 5,700: The number of credit unions that use CO-OP.

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PYMNTS

OCTOBER 26, 2017

Hong Kong and Singapore have reached an agreement to link their perspective trade finance platforms using blockchain technology, according to news from Reuters on Wednesday (Oct. In April, the group said it had completed a proof of concept.

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PYMNTS

FEBRUARY 3, 2020

Denis Pitcher, chief FinTech advisor to the Premier of Bermuda, told CoinDesk on Sunday (Feb. SBI is considered among the most active companies in crypto and blockchain. million to a trust that will benefit six bitcoin fraud victims, the court said in a release on Sunday (Feb. The New York Supreme Court awarded $13.8

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PYMNTS

JANUARY 6, 2019

The China Banking Association (CBA) has announced the launch of a blockchain-based platform for trade finance. Local FinTech firms such as PeerSafe will be supplying technical support. Local FinTech firms such as PeerSafe will be supplying technical support. Mehta is the latest Coinbase executive to jump ship.

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Chris Skinner

JUNE 11, 2018

Things we’re reading today include … Indian billionaire ‘on the run over a alleged bank fraud’ seeks asylum in Britain Bank of Chile trading down after hackers rob millions in cyberattack Blockchain Cannot Yet Support Financial Market Infrastructure Fintech threatens to eclipse banks that do not adapt digitally HSBC’s (..)

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PYMNTS

NOVEMBER 15, 2017

Every day the world hears about another blockchain project in the works or another distributed ledger technology consortium forming. Just last week, Deloitte found that in 2016 alone, nearly 27,000 new blockchain projects surfaced on the market. “The Mastercard. Reports said the filing, dated Nov. 9 with the U.S.

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