#fintech News

Ripple Remains Strong after Gaining a Foothold in UAE

Finastra Forge Alliance with Ripple for DLT-Based Cross-Border Payments

October 9, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Finastra, a company that claims to be the third-largest financial technology (fintech) company in the world, has joined forces with Ripple, the distributed ledger technology (DLT) project behind the XRP altcoin, to offer clients faster and more cost-efficient cross-border payments powered by blockchain technology, according to a blog post on...

EU Financial Services Chief Hints at Broad Cryptoasset Regulation

The EU Needs to Launch a Cryptocurrency, Says deVere CEO Nigel Green

October 3, 2019 by Osato Avan-Nomayo at Altcoins

Nigel Green, CEO of deVere Group — a global financial advisory company, says the European Union needs to seriously consider cryptocurrency adoption per a report by IT-Online. Meanwhile, banking giants across the globe are beginning to shift from an anti-crypto stance towards developing their own blockchain-based business solutions. The EU...

European Space Agency (ESA) Funds SpaceChain’s Foray Into Commercial Satellite Solutions

September 18, 2019 by Ashwath Balakrishnan at Blockchain

SpaceChain has been accepted into the ESAs kick start program, where the agency gives funding and development support to entrepreneurs looking to explore thematic segments of commercial space exploration. As per a press release, September 18, 2019, SpaceChain aims to use satellite blockchain tech with multi-signature transactions to bring more...

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SBI Holdings’ Subsidiary to pay Shareholder Dividends in Ripple (XRP) Tokens

August 30, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Morningstar Co. Ltd, a subsidiary of Japan’s SBI Holdings, has announced that it will offer shareholders who hold a minimum of 1 unit of its shares, 30 XRP (XRP) tokens as dividends, according to a press release on August 28, 2019. Paying Shareholders’ in XRP Ripple and SBI have taken...

Singapore Book of Crypto code of conduct lightning blue

New “Code of Practice” Bolsters Cryptocurrency Regulation in Singapore

August 20, 2019 by Edoardo Vecchio at Regulation

The Association of Cryptocurrency Enterprises and Start-ups, Singapore (ACCESS) together with the Monetary Authority of Singapore (MAS) developed a new ‘Code of Practice’ to set standards of good practice regarding Anti-Money Laundering (AML) and countering the financing of terrorism measures for crypto-related businesses. This according to news published by The...

Blockchain Technology Flying around earth like superman

Research: Global Financial Services Executives Believe Blockchain is Essential

July 23, 2019 by Ogwu Osaemezu Emmanuel at Business

Nine out of ten global executives in the financial services and insurance industry (FS&I) believe in the need for transformational digital change through the use of distributed ledger technology (DLT) and artificial intelligence (AI) amongst other new technologies. They say these innovative technologies are needed to stay ahead of the...

Scope of DAI Use Cases are Exponentially Widening

June 9, 2019 by Ashwath Balakrishnan at News, Stablecoins

A recent report from MakerDAO digs into the growing adoption of the DAI stablecoin. Issuance of DAI may be done through Maker debt contracts, but usage is being leveraged across the Ethereum dApp ecosystem, June 8, 2019. DAI Use Case Bolsters Ethereum DeFi As a landmark year for cryptocurrency development...

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Wharton Collaborates with Coursera to Offer Fintech and DLT Courses

May 31, 2019 by Ogwu Osaemezu Emmanuel at Education, News

The Wharton School of the University of Pennsylvania, the world’s first collegiate business school, has joined forces with Coursera to launch a new online program dubbed “Fintech: Foundations and Applications of Financial Technologies,” to equip students with the essential skills they need to function in the rapidly changing business ecosystem...

Hong Kong and Thai Authorities Sign Fintech MoU

May 16, 2019 by Ogwu Osaemezu Emmanuel at Business, Finance, News, Regulation

The Hong Kong Monetary Authority (HKMA) has signed a memorandum of understanding with the Bank of Thailand (BOT), in a bid to promote financial technology (fintech) collaborations between the two regulators, according to a Crowdfund Insider report on May 14, 2019. The Basel Connection Per sources close to the matter,...

Revolut Attempts to Wash the Sins amidst Increasing Controversy

April 30, 2019 by Mohammad Musharraf at Business, Commentary, Development, News

Backed by leaked internal messages, Revolut’s senior staff has been accused of attacking critics for speaking against them while job applicants complained about the company demanding them to fulfill requirements such as getting ten users to sign-up on their platform to qualify for the job, WIRED reported April 29, 2019....

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