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US Lawmakers Explore How Blockchain Can Help SMBs

PYMNTS

To explore the positive impacts of blockchain on small businesses, the U.S. The “Building Blocks of Change: The Benefits of Blockchain Technology for Small Businesses” hearing will be held on March 4 at 11:30 a.m. House of Representatives Committee on Small Business plans to hold a hearing next week.

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Young B2B FinTechs Secure Their Seed Rounds

PYMNTS

Young B2B FinTechs secured some of their first investments in areas that include small business accounting, alternative lending and financial management. and India, alternative small business lending technology company CreditEnable has revealed a $2 million seed round, according to Inc42 reports. CreditEnable.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. Such alternative data, said the GAO, could pose risk to such lending decisions. Sandboxes, Gathering Steam.

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Mastercard Begins Offering B2B Blockchain Tech

PYMNTS

20), Mastercard announced news that it will be opening up access to its blockchain technology through its developer’s API. Mastercard is not the only firm delving into blockchain. At the same time, the blockchain guarantees that there is “a fully auditable and valid ledger of transactions.”. On Friday (Oct.

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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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Central Bank Of Sri Lanka Looks To Build KYC System On Blockchain Tech

PYMNTS

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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What Will Happen to Fintech in 2018? More Blockchain, More Loans, More Fraud, Mitek Says

Bank Innovation

EXCLUSIVE- Blockchain technology and digital loans will continue to grow in 2018 as banks continue to work on their cybersecurity in the coming year, software provider Mitek predicts. It’s just logical that given the extent of recent data breaches, that we’re going to see more of the same.