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BOE Head Carney: FinTech Won’t Make Central Banks Obsolete

PYMNTS

The governor of the Bank of England said he doesn’t think new financial technologies (FinTechs) will cause central banks to be obsolete. Carney said he is open to Facebook’s Libra cryptocurrency, unlike officials in France and Germany , who have outright said they don’t want it to happen.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

If 2020 taught us anything about cryptocurrencies, it’s that they’ve reached a tipping point. Or maybe that cryptocurrencies have yet to go mainstream beyond the headlines because fraud still lurks. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. Building The (Retail) Use Cases.

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Wirecard Collabs To Digitize Business Banking In Philippines

PYMNTS

Germany-based FinTech services firm Wirecard is partnering with the Union Bank of the Philippines to improve banking services for corporate customers, Wirecard announced on Friday (Feb. Fajardo added that the partnership will empower businesses by offering financial services that will help them create a positive economic impact. “As

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Bitcoin Daily: People’s Bank Of China To Certify Digital Payment Products; Korean Security Agency Supports Blockchain Projects With $9M Fund

PYMNTS

The People’s Bank of China announced that it will certify 11 types of financial technology hardware and software used for digital payment and blockchain services. Blockchain’s future is here, but we must remain rational,” he said, according to state-run news outlet the People’s Daily. billion won (about $9 million US) in funding.

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Fintech to facilitate inclusive financial system in China, say experts

Urs Bolt

Fintech to facilitate inclusive financial system establishment in China, say experts. Leveraged by tremendous customer data, Chinese Fintech companies have an edge over their Western counterparts in innovation applications.”. China could improve its regulatory technologies. Cryptocurrencies. Financial Services.

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Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Labs Insights

It was a quieter week in fintech fundings. Other than Blackstone’s $820 million bet on what is likely the oldest financial technology company on the planet, NCR founded in 1884 as National Cash Register, just $82 million flowed to the under-100-year-old crowd. ATMs, POS & financial technology.

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The 2023 GonzoBanker Awards

Gonzobanker

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. and Summit Financial Group, Inc.

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