FinTech News

Latest News on Fintech | Cointelegraph

Fintech is an industry composed of companies that compete with traditional financial institutions by implementing new, innovative technologies into their working process. The cryptocurrency Fintech sector has been exploring the use of blockchain and blockchain-based applications as a new technology to challenge traditional ways of doing business. Blockchain, smart contracts and cybersecurity are some of the most actively researched areas of Fintech. Crypto Fintech sees cryptocurrencies as a means of establishing a secure and traceable way of transferring assets and getting rid of intermediaries. However, blockchain is not only suitable for regular transactions, but may help in such fields as voting and dividends management by establishing a trusted and immutable network with unchangeable records about past events.

Ethereum’s Joe Lubin: Blockchain Will ‘Take a Little Longer’ to Develop Than the Web

NOV 10, 2018 | by Helen Partz

ConsenSys CEO Joseph Lubin said that his firm is interested in “promoting the [Ethereum] ecosystem” rather than “controlling it.”

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‘Free Transactions Cleared in Five Seconds’: Platform to Help Businesses Use Blockchain

NOV 07, 2018 | by Connor Blenkinsop

A startup is aiming to woo social networks, gaming companies, payment providers and other businesses through a blockchain platform that benefits them and their ...

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Report: Bithumb Signs Deal with US Fintech Firm to Open Security Token Exchange

NOV 01, 2018 | by Aaron Wood

South Korean crypto exchange Bithumb has reportedly signed an agreement with an American fintech firm to open a security token exchange in the U.S.

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Warren Buffett’s Holding Invests $600 Mln in Fintech Firms Focused on Emerging Markets

OCT 30, 2018 | by Marie Huillet

Berkshire Hathaway – whose CEO and chairman is outspoken Bitcoin critic Warren Buffett – has invested around $600 million in two fintech payment firms.

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We Should Not ‘Scurry to Keep Pace’ With Fintech, Says CFTC Commissioner

OCT 27, 2018 | by William Suberg

The Commodity Futures Trading Commission’s Rostin Behnam called for an “open mind” on disruptive tech regulation like blockchain.

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Reserve Bank of Australia Official ‘Not Convinced’ of Need for Digital Dollar

OCT 25, 2018 | by Ana Alexandre

The Reserve Bank of Australia assistant governor Michelle Bullock said that the bank has not yet been convinced of the need to create a digital Australian dolla...

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US SEC Launches ‘Strategic Hub’ to Address DLT and Digital Assets Issues

OCT 18, 2018 | by Ana Alexandre

The U.S. SEC has created the Strategic Hub for Innovation and Financial Technology which will focus on fintech-related issues, including DLT and cryptocurrencie...

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Accenture Works With Thailand’s Oldest Bank to Release Blockchain Supply Chain Tool

OCT 18, 2018 | by William Suberg

Accenture and a fintech subsidiary of Siam Commercial Bank have released a blockchain solution powered by R3’s Corda technology.

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AI-Driven Platform ‘Outperformed Stock Markets’ – And Now, It Is Focusing on Crypto

OCT 16, 2018 | by Connor Blenkinsop

An AI-driven platform is trading the stock market for the cryptocurrency sector – and says its technology is on par with the machines used by billionaires.

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Major Korean Financial Holding Company Wins Blockchain Patent for Improved Fintech Security

OCT 15, 2018 | by Marie Huillet

Leading South Korean financial holding company KB Financial Group has been awarded a patent for a blockchain-based fintech app security solution.

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Crypto Exchange Huobi's 'Strategic Partner' HBUS Hires Ex-PWC and Intuit Compliance Director as CCO

OCT 11, 2018 | by Marie Huillet

HBUS, the U.S.-based “strategic partner” of sixth largest crypto exchange Huobi, has hired a new Chief Compliance Officer, formerly of PwC and Intuit.

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UAE Securities Regulator to Introduce ICOs for Capital Markets in 2019

OCT 09, 2018 | by Marie Huillet

The United Arab Emirates’ national securities regulator plans to introduce ICOs for capital markets in 2019, having approved their regulation under securities l...

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Malta’s Finance Minister: Crypto Means Finance Middlemen ‘Face The Chop’

OCT 05, 2018 | by William Suberg

Intermediaries profiting from the fiat banking system “face the chop in the not too distant future,” Malta’s finance minister Edward Scicluna has told Cointeleg...

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EU Financial Regulator Budgets Over 1 Mln Euro for FinTech and Crypto Supervision

OCT 04, 2018 | by Ana Alexandre

The E.U. markets watchdog has set a budget for an initiative to monitor fintech and crypto assets in its 2019 work program.

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JPMorgan’s Focus on Blockchain Is Part of Digital Transformation Roadmap, New Study Reveals

OCT 03, 2018 | by Marie Huillet

A study into JPMorgan’s digital transformation initiatives has revealed that blockchain is a key technology for the bank’s roadmap.

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Forbes' ‘Fintech 50 For 2018’ List Includes 11 Blockchain & Crypto Companies

FEB 14, 2018 | by Molly Jane Zuckerman

Forbes' list of the top 50 fintech companies of the year contains 11 companies related to Blockchain technology and cryptocurrency.

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Former FDIC Chair Says ‘We Don’t Ban Assets,’ Bitcoin Just Needs To Be Regulated

JAN 19, 2018 | by Molly Jane Zuckerman

Former FDIC chair Sheila Bair reiterates that there should be no Bitcoin ban, just additional regulation.

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Oraclize, Digital Identity to Develop Financial Applications of Ethereum Blockchain

AUG 27, 2017 | by Amelia Tomasicchio

Oraclize has closed on €500,000 in their seed round led by Digital Identity SA, a growing firm delivering services for the Fintech industry.

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Fintech Firm’s Stock Drops By 30 Percent Following Announcement of SEC Investigation

APR 04, 2018 | by Aaron Wood

Fintech company Longfin’s stock fell 30 percent following the announcement of an SEC investigation into their purchase of a Blockchain-based lending firm.

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European Commission To Release Bloc-Wide Blockchain Framework, Says Draft Document

MAR 06, 2018 | by William Suberg

The EU is looking to enact a law on crowdfunding and end patchwork Blockchain “standards”, according to a new draft document.

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EU Unveils ‘Enabling Framework’ For Blockchain And Fintech, Wants To Be ‘Global Hub’

MAR 09, 2018 | by William Suberg

The EU’s executive arm has published a Blockchain and fintech “Action Plan” to further innovate in the bloc.

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Don’t Regulate Crypto, Regulate Financial Institutions, Says EU Banking Authority Chair

MAR 09, 2018 | by Molly Jane Zuckerman

The chairperson of the European Banking Authority has said it may be a better idea to keep financial institutions from holding and selling crypto, as opposed to...

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Fintech means Blockchain? Is there anything else?

SEP 10, 2017 | by Craig Adeyanju

Blockchain is only a part of fintech. It’s not a synonym for fintech. Here are some other important innovations of the industry.

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EU Parliament Study: Central Bank Digital Currencies ‘Will Reshape Competition’ in Crypto Market

JUL 22, 2018 | by Molly Jane Zuckerman

A European Parliament Committee on Economic and Monetary Affairs study suggests CBDCs as a “remedy” for crypto sector competition.

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Former Barclay’s CEO Warns Banks of ‘Kodak Moment,’ Pushes to Embrace Fintech

JUL 02, 2017 | by Jon Buck

Former Barclay’s CEO warns the banking industry of the changes that are coming

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Blockchain Technology Takes Hold in Israel: Expert Take

MAR 18, 2018 | by Selva Ozelli

Blockchain technology - designed to reduce fraud and corruption - is winning hearts in Israel

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Bank of America Files Patent for Blockchain-based Processing System

OCT 21, 2017 | by Lisa Froelings

Bank of America has filed a pair of patents for a Blockchain technology-based system aimed to improve the tracking of file transfer processing in real time.

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Porsche ‘First’ To Test Blockchain Technology For Cars

FEB 28, 2018 | by Markus Kasanmascheff

Porsche is teaming up with Berlin-based startup XAIN to improve locking capabilities, autonomous driving, and business practices with the help of Blockchain tec...

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Shipping Giant UPS Joins Blockchain in Trucking Alliance

NOV 08, 2017 | by Joshua Althauser

Global shipping major UPS was accepted as member of the Blockchain in Trucking Alliance (BiTA), the consortium mainly focused on the trucking and shipping indus...

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Fintech Startup Report Concludes Bitcoin Is ‘Generally Permissible’ Under Sharia Law

APR 12, 2018 | by Molly Jane Zuckerman

A report by Mufti Muhammad Abu Bakar argues that Bitcoin and other cryptocurrencies are generally permitted under Sharia law.

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Former FDIC Chair Says ‘We Don’t Ban Assets,’ Bitcoin Just Needs To Be Regulated

JAN 19, 2018 | by Molly Jane Zuckerman

Former FDIC chair Sheila Bair reiterates that there should be no Bitcoin ban, just additional regulation.

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Head Of Philadelphia Fed: More Trust In Government Than Bitcoin

OCT 01, 2017 | by Jon Buck

Philly Fed Chief Parker: Cryptocurrencies are less trustworthy than the Fed; investors will one day beg for regulation.

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How Crowd Power Will Reimagine Businesses in 2017

JAN 16, 2017 | by William Suberg

As crowdfunding goes to the next level in 2017, bold new concepts are beginning to emerge with decentralized principles at their core.

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Spain Introduces Innovation-Aimed Crypto Regulation, But Political Unrest Might Cause a Setback

JUN 03, 2018 | by Stephen O'Neal

Can Spain still become a fintech haven?

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Don’t Regulate Crypto, Regulate Financial Institutions, Says EU Banking Authority Chair

MAR 09, 2018 | by Molly Jane Zuckerman

The chairperson of the European Banking Authority has said it may be a better idea to keep financial institutions from holding and selling crypto, as opposed to...

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Former Barclay’s CEO Warns Banks of ‘Kodak Moment,’ Pushes to Embrace Fintech

JUL 02, 2017 | by Jon Buck

Former Barclay’s CEO warns the banking industry of the changes that are coming

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Can QUOINE Provide the Missing Link in the Crypto Economy?

OCT 15, 2017 | by Guest Author

A challenge for the expansion of crypto exchanges is that cryptocurrencies lack a central authority or owner, and therefore cannot act as traditional collateral...

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EU Parliament Study: Central Bank Digital Currencies ‘Will Reshape Competition’ in Crypto Market

JUL 22, 2018 | by Molly Jane Zuckerman

A European Parliament Committee on Economic and Monetary Affairs study suggests CBDCs as a “remedy” for crypto sector competition.

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Binance Supports Malta Stock Exchange’s Startup Accelerator Program

JUN 19, 2018 | by Ana Alexandre

Crypto exchange Binance is backing a Malta Stock Exchange program designed to support fintech and crypto startups.

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Starting From Today TenX PAY Tokens Are Tradable on Bittrex

JUL 07, 2017 | by Cointelegraph

PAY tokens will be moveable and tradeable on Bittrex this Friday, July 7th, at 4 p.m. UTC.

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Asia’s Fintech Race: Trends, Regulations, Lessons For The West

FEB 12, 2017 | by Alicia Naumoff

While on the global scale fintech is growing rather rapidly, the industry is absolutely booming in Asia, and particularly in China.

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FinTech Gold Rush: PSD2 Will Be Once in Lifetime Opportunity to Displace Banks

JUN 26, 2017 | by Wassim Bendella

TrueLayer is seeking to harness the possibilities brought by PSD2 in Europe.

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UK vs. US: Liberalization of Fintech vs. More Regulation

JUL 24, 2017 | by Joshua Althauser

US and UK Have Diverging Views on Cryptocurrencies and Fintech

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New Blockchain VER-sion of FinTech

NOV 14, 2017 | by Jon Buck

The NAGA Group is bringing Blockchain technology to the FinTech world.

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Number of Bitcoin ATMs Will Increase in Australia from 20 to 500

SEP 04, 2017 | by William Suberg

Two fintech operators are developing tech to equip 500 ATMs with Bitcoin functionality, and could add altcoins thereafter.

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