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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. Volopay is building out its FinTech platform designed to streamline financial control for businesses. The company recently announced $6.5 TripActions.

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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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More Security Startups, Blockchain Still Absent at Finovate Day 2

Bank Innovation

Day 2 of FinovateSpring has come and gone, and curiously, there were still no demos from a blockchain-focused fintech. Among the 54 fintechs that demoed here over the last two days, more than half showcased products and services that used artificial intelligence in some shape or form, but none of the […].

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Can Blockchain Fix Security and Identity, Consumers’ Top Concerns?

Bank Innovation

The two most prevalent use cases for the blockchain in fintech are trade finance and cross-border transfers—moving money at a quicker pace and more securely, according to research by Coindesk.

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World Blockchain Trade Consortium Launches With FinTech Platforms

PYMNTS

The World Blockchain Trade Consortium (WBTC) officially launched this week in Singapore with the aim to utilize blockchain technology to lower costs, reduce risk and increase funding to SMEs. When we created Invoice Check, we approached a lot of fintechs and stakeholders in the industry.

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Island Nation Mauritius To Set Up Fintech Fund

Bank Innovation

The island nation of Mauritius will now have a sovereign fund dedicated to investment in fintech. According to reports, high-level Fintech and Innovation-driven Financial Services Regulatory Committee panel met last week to discuss the possibility of the fund that would focus on, among other things, fraud, security, and blockchain.

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Mastercard Inks Bahrain Blockchain Partnership

PYMNTS

Mastercard is collaborating with Bahrain’s Electronic Network for Financial Transactions ( BENEFIT ) to develop a blockchain-powered B2B payments solution, according to a press release Tuesday (July 30). According to reports in TahawulTech, the initiative marks Mastercard’s first national-scale blockchain project in the Middle East.