CB Insights

NOVEMBER 21, 2019

Finally, looking at Canadian “fintech” (financial technology) specifically, funding was up substantially in the first half of the year. Canadian fintech companies raised $251M through the end of H1’19, nearly double the $133M raised in H1’18. The 2019 Canadian fintech market map. Navigating the Canadian fintech market map.

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Fintech Marketing US Technology 93

PYMNTS

JANUARY 7, 2020

For a country that is striving mightily to go digital when it comes to financial services, it may be a bit curious that Qatar has seemingly put the brakes on cryptocurrencies. The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As was reported Monday (Jan.

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PYMNTS

SEPTEMBER 26, 2018

The initial coin offering (ICO) has emerged as a corporate financing trend just as volatile as many of the cryptocurrencies themselves. It marked the first drop in ICO funding in more than a year, according to Bloomberg reports, citing a correlation between ICO funding declines and drops in cryptocurrency values. ICO market.”

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PYMNTS

MARCH 14, 2018

” Oliver was discussing cryptocurrencies and blockchain on his show, highlighting the massive potential the world of FinTech has touted for the last year or so. Earlier this week, the head of the International Monetary Fund (IMF) described this dichotomy as the “peril that comes along with the promise” of cryptocurrencies.

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PYMNTS

APRIL 2, 2018

Cryptocurrencies continued to dip on the heels of various regulatory actions focused on trading activities and exchanges. Here in the United States, tax season looms, of course, which may put additional pressure on cryptos. As has been widely reported, some of those social media sites have been limiting access for cryptocurrency firms.

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United States social media Arizona cryptocurrency 110

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. Anyone in a regulated industry — and that’s just about all of them — are also plenty dubious about using cryptocurrencies as the processing rails for supporting those pilots and incorporating them into their longer-term plans should their pilots show promise. And to learn.

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PYMNTS

NOVEMBER 12, 2019

“We know the demand from the general public is to keep anonymity by using paper money and coins … we will give those people who demand it anonymity in their transactions,” Mu Changchun, head of the People’s Bank of China’s digital currency research institute, said at the FinTech Festival in Singapore.

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PYMNTS

JUNE 14, 2019

But beyond the now-familiar conduits of fraud done across email or through fake invoices, some lures have come through ties with cryptocurrencies. The company had said it had engaged in commodities trading and also said it conducted cryptocurrency transactions with a nod to “blockchain empowered solutions.”

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Fraud Payments blockchain cryptocurrency 128

PYMNTS

NOVEMBER 11, 2016

As bitcoin stabilized in the wake of an election upset, the fervor formerly surrounding competitor cryptocurrency Zcash has all but faded. It’s set a due date for the report on clarifying the legal treatment of cryptocurrencies: the end of 2017. Until now, bitcoin was the only cryptocurrency available to use on the service.

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Bitcoin cryptocurrency Security Taxes 192

South State Correspondent

FEBRUARY 14, 2022

As we discussed in our primer on defi and blockchain ( HERE ), part of the allure of cryptocurrency is that it transfers the payment’s message (information about the transaction) and value simultaneously. Credit card networks like Visa, Mastercard, and American Express have created a whole layer of value by extracting this data.

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blockchain cryptocurrency Data Payments 195

PYMNTS

APRIL 17, 2018

Patent and Trademark Office last week, describes how a semi-private or private blockchain could be used to receive and store identity data, including a “name, a street address, tax identification number” and more. Last year, Mastercard announced that it will be opening up access to its blockchain technology through its developer’s API.

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blockchain Data Bitcoin Taxes 130

PYMNTS

JULY 12, 2018

Zug is a small town near Zürich with only about 30,000 residents, yet it is impacting the FinTech world in a big way. He cited “Zug’s high quality of life, openness, pro-business mindset and favorable tax structure” as factors that make the city attractive to people from around the world.

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Fintech Labs Insights

FEBRUARY 22, 2022

Since cryptocurrency is such a hot sector, we created a separate offshoot of our Fintech Unicorn list tracking crypto/blockchain startups involved in financial services ( see definitions below ). Related: 281 Fintech Unicorns of the 21st Century (Feb 2022). iTrustCapital. Jan 2022 round. Jan 2022 round. Infrastructure.

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Accenture

AUGUST 20, 2019

Facebook announced plan for 2020 launch of new cryptocurrency, Libra; NYC subway launched contactless payment system on a pilot basis. 3 After-Tax ROA of issuers that publicly report – Citigroup, Capital One, Synchrony and Discover 4 YoY = Year-over-year change versus 2Q18. Click/tap to view larger.

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US Cards Capital Apple 150

Fintech Labs Insights

FEBRUARY 22, 2022

Since cryptocurrency is such a hot sector, we created a separate offshoot of our Fintech Unicorn list tracking crypto/blockchain startups involved in financial services ( see definitions below ). Related: 281 Fintech Unicorns of the 21st Century (Feb 2022). iTrustCapital. Jan 2022 round. Jan 2022 round. Infrastructure.

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Fintech Bitcoin blockchain Lending 15

PYMNTS

FEBRUARY 21, 2018

The latest news from the country comes from its government: Chief FinTech Officer of the Monetary Authority of Singapore, Sopnendu Mohanty, said the central bank is about two years out from being able to assess the impact of its current blockchain project, Ubin. “In

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PYMNTS

NOVEMBER 14, 2019

Time report collection, data aggregation across different formats and departments, data consolidation for processing, tax withholdings and benefits calculation must all be done, approved, and processed for on-time payroll. But on the back end, said Eynat Guez, Papaya Global co-founder and CEO, complexities abound. Technological Innovation.

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Payments Compliance Taxes Technology 127

PYMNTS

JULY 24, 2018

The movement of banks to join FinTech firms and stanch the disruption of their business models — decades and centuries old — has been well-documented. The shift also comes as sandboxes are proving to be effective avenues by which the companies and their FinTech partners are able to test those same APIs before live deployment.

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Fintech Strategy blockchain Taxes 105

Jessica Ellerm

DECEMBER 5, 2017

According to a report commissioned by the Australian Tax Office, introducing structured e-invoicing practices between businesses, and businesses and government agencies, could save the Australian economy $10 billion every year. Xero-ing in on e-invoicing.

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Fintech Innovation Capital Report 65

PYMNTS

JANUARY 22, 2018

Bitcoin is getting used to a new, and reset, pricing order as investors worldwide say they aren’t concerned about the coming regulatory wave (or the army of hackers stealing cryptocurrency), but the sluggish pricing tells a different story. billion in tax revenue from coin sales, according to Susan Eustis, CEO of WinterGreen Research.

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PYMNTS

MARCH 12, 2018

Obviously, there are tax issues and you’ve got the IRS involved,” said Patel. What I am hearing from the ecosystem out there is that it seems to be very friendly” and that regulators understand the blockchain tech and the cryptocurrencies. If defined as currencies, should the Department of Treasury be involved?

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Regulation Security Course blockchain 117

Lex Sokolin

JANUARY 14, 2021

We love the robot as much as the next Fintech commentator. Like taxes. While Steven Mnuchin is sceptical of cryptocurrencies, Brooks is a clear proponent. Second, Fintechs (e.g., This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

We love the robot as much as the next Fintech commentator. Like taxes. While Steven Mnuchin is sceptical of cryptocurrencies, Brooks is a clear proponent. Second, Fintechs (e.g., This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it.

America 52

America Wyoming National Capital 52

Bussman Advisory

FEBRUARY 21, 2018

There is disparity between jurisdictions and most countries have yet to address cryptocurrency tax questions in a meaningful way. We have seen money stolen from token launches through fraud, for example through phishing schemes or fake websites, as well as security flaws in cryptocurrency wallets.

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Capital Cyber Security blockchain cryptocurrency 67

Bussman Advisory

DECEMBER 13, 2017

On the other hand, I don’t think anyone expected the unprecedented growth in the market capitalization of cryptocurrencies or the related ICO boom. Cryptocurrencies will continue to grow, fueled by traditional asset management players and techniques. So, what will the new year bring? New business models.

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blockchain cryptocurrency Industry Examples 40

South State Correspondent

JULY 25, 2022

How are you handling partnerships, and are you part of any fintech consortiums to assist are now common questions. Has the bank felt any runoff in deposits after adjusting for tax payments? Questions about how much you spend on technology relative to your total budget and historical trend remain common. Top Line Revenue & Lending.

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Fintech Labs Insights

NOVEMBER 12, 2015

It was a quieter week in fintech fundings. The post Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12 appeared first on Finovate. Tags: SMB, savings accounts, tax, Lincoln Savings Bank (partner). And we are not sure if the NCR inflow should even be considered “new money.” Source: Crunchbase.

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New York City Company Fintech San Francisco 12

PYMNTS

MAY 13, 2016

Stop ISIS, bring peace to the Middle East, clean up the economy, create more jobs, fix the education system, lower taxes, etc., Here’s what’s be considered for virtual currency regulation: Bringing registered cryptocurrency exchanges under Japan’s anti-money laundering laws. Promoting bitcoin.

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Bitcoin blockchain Regulation Operations 100

Lex Sokolin

DECEMBER 25, 2019

There’s a lot to say about the overlap of Fintech and blockchain, but let’s find the very edge of the frontier and focus right there. See Staking Rewards and the chart below, and Coinbase for an example of a large Fintech providing the service. all Fintech unicorns?—?that It’s like watching Mint.com emerge in 2007.

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blockchain Bitcoin Software Lending 52

Fintech Labs Insights

OCTOBER 19, 2015

It was a blockbuster week in fintech with more than $6 billion in new funds flowing to the sector. The post Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Tags: Bitcoin, blockchain, cryptocurrency. The vast majority, $5.9 billion) and First Data ($2.6 Source: Finovate. 401(k) management. RewardStock.

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New York City Company Fintech New York 12

PYMNTS

FEBRUARY 3, 2017

It was one of the biggest weeks for B2B FinTech investment in months. BitPesa’s payments solutions are fueled by bitcoin, the company explained, and uses the cryptocurrency to support cross-border B2B payments. What would tax season be without investors opening up their wallets to tax filing startups? eProcurement.

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Fintech Lending Capital Taxes 100

Jessica Ellerm

FEBRUARY 3, 2018

That’s why each week I write an article for Daily Fintech , and try to choose something I don’t understand and/or want to learn more about. Like many other people, lately I’ve been trying to learn more about cryptocurrencies and ICOs. Scored a contra trip to Hong Kong to Next Money Fintech Finals 2018.

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CB Insights

OCTOBER 10, 2018

We define startups disrupting banking broadly to include mobile-first fintech companies that primarily focus on leveraging technology and software to digitize and streamline retail and business credit, checking, and savings accounts. Revolut has been aggressively iterating on its products and blurring fintech business lines.

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Retail Cards Millennials Mobile 78

PYMNTS

APRIL 18, 2018

FinTech innovation is often seen as a threat to the traditional banking status quo – at least, that is, until traditional FIs begin acquiring, partnering with or developing their own FinTech solutions. Reports this week said Mastercard filed a patent application with the U.S.

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blockchain Technology Data Report 105

CB Insights

SEPTEMBER 10, 2019

Download the free report to find out how fintech is shaping the future of wealth management and investing. This openness to banking alternatives presents opportunities for fintech startups looking to innovate in financial services from the outside. get the REPORT on next generation investors. From big banks to big tech.

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Millennials Mobile Lending Cards 77

BankNXT

DECEMBER 12, 2017

Mike Townsend, Brian Roemmele and Faisal Khan turn to the subject of bitcoin, discussing its recent upsurge in value and asking whether it's the real deal. The $64m question: Is bitcoin a bubble or the real deal? on BankNXT.

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Bitcoin Taxes cryptocurrency Fintech 54

Fintech Labs Insights

AUGUST 14, 2015

Since June 1 we’ve seen 189 fintech deals globally raising a total of $3.1 It was another stellar week for Finovate alums with 6 fundings totaling $123 million: money transfer service Payoneer ($50 mil), AI innovator Kensho ($33 million), tax specialist VATBox ($24 million), , cash-back specialist Mogl ($7.9 Not this year.

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New York City Company Fintech New York 12