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Month: February 2019

Fintechs need to be protected says the German Bank

Once the German online payment service provider was more valuable on the stock market than the Deutsche Bank. The supervisory authorities are now considering Wirecard, which also operates in Switzerland, as the trigger for a conflagration – and are stepping in. This has never happened before. The Federal Financial Supervisory…

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Many great Fintech companies are surfacing in the Caribbean and in Latin America

The annual report of the IDB Fintech in Latin America 2018: Growth and consolidation, qualifies Finsocial, a dedicated company, to provide financial solutions to clients through credits for drafts, as one of the Fintech companies with the most outstanding investments during 2017, and is among the four most representative Colombian…

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Fintech companies face disadvantages

Technological giants such as Amazon, Google, Facebook and Alibaba have an advantage over traditional financial technology companies (fintech) by having unlimited user information and capital, which allows them to compete strongly, the Financial Stability Board (FSB) said, which stands for its acronym in English. In the analysis “FinTech and the…

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New Fintech company JPM Coin creates uproar in the Fintech world

There was much negative talk this week over JPMorgan’s launch of JPM Coin. Timo Schlaefer, CEO of Crypto Facilities, for instance, commented that, “JPMorgan continues to get it wrong. Using blockchain to run a closed network is like wearing a designer suit to wash your car.” But that is shortsighted…

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New Fintech app Bitwala already has 1 million Euro Bitcoin trading volume

Bitwala reports just a few weeks after its launch (December 12) that customers have already traded bitcoins worth one million euros through the platform. FinTech takes advantage of SolarisBank’s services and acts as “Europe’s first blockchain banking provider” to score with a “great user experience, top price-performance ratio, tight spreads,…

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Fintech Bank N26 is throwing its investment product temporarily out of the app

About a year and a half after the launch N26 ended its investment offer for now: So far, German bank customers could invest their money through the Robo-Advisor Vaamo in so-called ETFs. This partnership has been stopped for the time being, as Vaamo founder Thomas Bloch confirmed on demand. The…

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Can Chile become a regional development pole in FinTech after Spain?

Economic and cultural factors are some of the elements that must be worked on. Both KPMG and EY have faith that Chile can become a leading development leader in Latin America in this area. Mauricio Martínez de EY points out that today the country “has a strategic position with respect to…

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Would you be in?: Chinese cities fight to seduce foreign startups

The authorities offer offices, money, advice, logistics services and even basic furniture to get new entrepreneurs installed from around the world China, the land of opportunities When Maria Veikhman, founder of Scorista, a new Russian firm dedicated to the credit rating, was considering expanding abroad, she immediately thought of China.…

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How to take your startup to the next level: Learn from this startup that offers a discount on free restaurant seats

At certain times, restaurants are deserted, around 11 am or 5 pm, for example. In order to lure a few guests into the restaurants, the Viennese startup Delinski has come up with some ideas: At times when hardly any tables are occupied, restaurants can offer a discount of up to…

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Revolut builds Austria team: “1 million users in 2 to 3 years”

The London N26 competitor Revolut wants to drive expansion with local teams in 19 European countries, including Austria. Over the past three months, it has increased from three to four million users. In the medium term alone in this country will be a million. Ambitious goals are one of the…

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