Bank Innovation

NOVEMBER 6, 2017

EXCLUSIVE — When it comes to blockchain, lenders need to stop thinking about smart contracts and start thinking about identity, according to industry experts. “To To get an identity verified, to get an organization to service you, it can be a lot smoother, it can be more secure, and you can be more in control of […].

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PYMNTS

JANUARY 22, 2021

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. TripActions.

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PYMNTS

DECEMBER 24, 2019

And for blockchain, a few warning signs have been flashing that all may not be as rosy as some observers may have hoped, had wanted. This is not to say that blockchain is doomed. Exhibit A, of course, would be Long Island Iced Tea, which back in 2017 said it would change its name to Long Blockchain Corp., billion.

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PYMNTS

MARCH 22, 2019

One way to secure funding is to use invoice financing. To that end, Netherlands startup Finturi earlier this month said it had secured $2.2 USD equivalent to help fund its efforts to help companies secure loans against invoices (through linkups with investors) using blockchain and artificial intelligence.

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PYMNTS

SEPTEMBER 30, 2020

Securities and Exchange Commission (SEC) claims that a Florida digital currency trader purportedly bilked customers out of $6.8 The individual was charged with different contraventions of securities laws in a U.S. SALT Blockchain is the firm behind SALT Lending , a loan offering supported by digital currency.

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PYMNTS

JANUARY 7, 2019

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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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

FEBRUARY 28, 2019

In Wednesday’s tweets, Cryptopia said it is “securing each wallet individually” for trading resumes. According to Bloomberg , Cagney’s new company, Figure , uses blockchain technology to supply home equity lending online in as little as five days.

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Bank Innovation

MAY 2, 2016

The financial industry has long discussed the benefits of adopting blockchain – or distributed ledgers – in its operations. Storing records in the cloud are still a major concern, as FIs try to figure out how to tap into the technology, but IBM’s announcement last week is said to remove those Read More.

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PYMNTS

OCTOBER 7, 2020

LINE’s digital exchange operator and blockchain division LVC is rolling out a way for users to loan out digital assets to BITMAX, such as ethereum and bitcoin, CoinDesk reported. The firm will allow users to earn as much as 10 percent per annum of the lending service’s charge over a timeframe that spans a couple of weeks in October.

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PYMNTS

APRIL 30, 2020

Telegram delayed its TON blockchain rollout, which moves its date to go live to next year and sparks an expensive clawback measure, CoinDesk reported. Securities and Exchange Commission (SEC) suit. Telegram also reportedly offered an option for investors to lend their investment to the app up to this time in 2021.

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PYMNTS

JULY 29, 2020

He added that while cryptocurrency is important, the blockchain technology behind it is equally so. “Cryptocurrency for us has always been beyond the asset itself but more on the blockchain technology that underpins it,” he said, according to Bloomberg. Several other countries are considering CDBCs, including the U.K.

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PYMNTS

JULY 24, 2019

Union Bank of the Philippines is experimenting with blockchain for remittances, as its chairman believes that the technology can boost financial services in rural areas. Ortiz also told Bloomberg that the bank recently piloted a blockchain-based remittance between Singapore and the Philippines with Oversea-Chinese Banking Corp.

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Bank Innovation

DECEMBER 11, 2017

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.

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Bank Innovation

OCTOBER 24, 2017

EXCLUSIVE— If financial institutions are going to begin fully utilizing blockchain or distributed ledger technology, they’re going to have to pay much more attention to the use case at hand rather than the underlying technology, R3 said.

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Bank Innovation

JANUARY 28, 2019

Coming off a year of high growth, enterprise blockchain startup Symbiont on Wednesday closed a $20 million Series B funding round led by Nasdaq Ventures, with participation from new investors including Galaxy Digital, Citi Ventures, and Raptor Group.

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PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.

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PYMNTS

AUGUST 4, 2017

Alternative lending was the golden child among investors around 2015, but lately, the industry seems to have fallen out of favor thanks to regulatory uncertainty and questions over the viability of some business models. Alternative Lending. 3) that it secured $250 million in equity funding from a subsidiary of SoftBank Group.

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Bank Innovation

FEBRUARY 18, 2016

Bank Innovation is pleased to welcome Marley Gray, Microsoft’s director of technology strategy for blockchain and financial services, to our speaker faculty. Gray will discuss corporate banking and blockchains on March 1 in Seattle with JP Jolly of Citigroup and Deva Annamalai of Fiserv.

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PYMNTS

OCTOBER 17, 2017

Blockchain startup Digital Asse t has brought in another $40 million in funding, bringing its total amount raised to $100 million. Founded in 2014, New York-based Digital Asset has been funded by some of the world’s largest banks, making it one of the most high-profile startups in the blockchain industry.

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PYMNTS

OCTOBER 10, 2018

After his departure from SoFi, Cagney moved quickly on to his next venture: Figure Technologies Inc , a new online lending venture built around using the blockchain to offer cheaper, faster and more efficient digital loans products. Securities and Exchange Commission, is an adviser to Figure.

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Bank Innovation

SEPTEMBER 7, 2016

The afternoon session brought on the blockchain. The morning session at BBVA Open Talent Challenge was all about artificial intelligence. 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 challenge was part Read More.

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PYMNTS

APRIL 13, 2018

Funding targets this time around included blockchain, logistics, alternative finance, artificial intelligence and T&E — with a few startups taking a stab at some of the biggest problems in the cannabis industry, procurement and microfinance. Blockchain. Blockchain Capital. Blockchain Capital. TravelPerk.

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PYMNTS

APRIL 30, 2018

Blockchain. Marketplace lending. Blockchain. Take the blockchain. An alien landing on Earth and reading the popular tech press would be thoroughly convinced that blockchain is the biggest thing to have happened here since the invention of indoor plumbing. Digital banks. billion by 2021. billion growing to $120.7

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The Paypers

APRIL 2, 2018

(The Paypers) Deutsche Börse Group, the Germany-headquartered securities listing and trading exchange, has announced that it has plans to develop a blockchain-based system for securities lending.

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PYMNTS

OCTOBER 30, 2018

The tool uses AI to analyze businesses’ outstanding invoices so as to determine borrowing needs, as well as blockchain to authenticate the invoices and secure loan application data. Earlier this month, Alipay said hackers had managed to steal money from some of its user accounts via stolen Apple ID credentials.

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PYMNTS

MARCH 25, 2016

It may have been a big week for alternative lending in the consumer finance space, but in B2B payments, blockchain and eCommerce startups snagged the biggest share of venture capital. Blockchain. But that doesn’t mean blockchain is free from its notoriety.

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Bussman Advisory

OCTOBER 1, 2022

Do you want your board, executives or staff to better understand the impact of FinTech, Blockchain or Digital Assets on the future of finance? The post Payment innovations remain Apple’s top FinTech priority | Deutsche Boerse to issue digital securities | Digital Euro will not be available until 2026 appeared first on Bussmann Advisory AG.

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PYMNTS

SEPTEMBER 3, 2019

.” Starling has not offered additional details on any launch date, but said in its filing that it will also plan to connect with third-party lenders to introduce new loan products to its customers as the bank works on developing proprietary lending solutions.

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Alex Jimenez

DECEMBER 12, 2018

Recently, Amazon announced their entry into the world of blockchain. The confusion comes from a dual announcement which introduced a database service, that includes a few blockchain-like features, along with their “Amazon Managed Blockchain.”. The post The Amazon Blockchain: Revolutionary or Hype?

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PYMNTS

OCTOBER 23, 2018

SBI President and CEO Yoshitaka Kitao said in the announcement that signatures based on MPC “offered our desired level of security, performance and scalability needed to manage transactions for our growing SBI Virtual Currencies customer base.”. With the company’s Earn product, consumers will be able to get interest on stablecoin holdings.

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PYMNTS

MAY 21, 2020

The company said in an announcement that business lending end users are able to have an enhanced customer experience throughout the entire time of securing as well as drawing down on a loan. Ripple had joined forces with Finastra to let banking customers use blockchain payments network RippleNet per a report in October.

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PYMNTS

MARCH 2, 2018

Alternative Lending. alternative small business lending firm, that secured $900 million in 2017, while other alternative finance players, like LendingPoint and SoFi , landed significant investment rounds. The company operates a working capital and trade finance solution for companies to secure financing to power global trade.

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PYMNTS

FEBRUARY 18, 2020

The company provides customers with trust system and identity solutions to aid in the areas of eCommerce and lending, particularly in terms of credibility. The company said it works to generate new sources of revenue for organizations while ensuring privacy protection and blockchain-based security.

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Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging.

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Abrigo

JULY 27, 2023

Regtech is simply the use of technology such as AI, machine learning, natural language processing, and blockchain to improve the way businesses manage regulatory compliance. Keeping up with OFAC Russian sanctions , customer due diligence regulations, and consumer lending compliance expectations can be challenging.

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Insights on Business

DECEMBER 27, 2017

Banking on blockchain for increased trust”. You would be hard-pressed to find tech industry jargon spoken and written about as much as the secure ledger technology known as blockchain. While it is currently revolutionizing a number of industries , blockchain might as well be the word of the year in technology.

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