In the course of digitization, traditional banks are increasingly being challenged by FinTechs. The development of flexible, customer-oriented offers is not rocket science. On the basis of suitable data and in cooperation with start-ups, IT managers can work together with specialist departments to design new apps to support the business.…
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Overregulation in Ukraine has been reported to prevent the crypto currency industry from developing further in the country. This is clear from a comment by an employee of the Ukrainian Central Bank (NBU) to the local crypto news platform LetKnow on Tuesday, 8 January. Mikhail Vidyakin, director of the strategy…
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The appearance of more fintech entities in Latin America as in the rest of the world will mean that they will be absorbed in a period of five years by the banks, resulting in: the bantech, estimates Sebastián Ponceliz, CEO of Odyssey Group. “What is going to happen is that…
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Fintech BxB Inc., based in South Korea, has launched the first alleged stable currency backed by the Korean won, according to a press release shared with the Cointelegraph on January 29. There was an initial beta release of the currency in Airswap, a decentralized exchange platform before the tokens were…
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Ripple is looking for a Country Manager to open a new office in Shanghai. The San Francisco-based fintech startup says the new new manager will build business in China, a $ 67 billion cash transfer market. The new plan will help Ripple expand its growing list of 200 banking and…
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N26, a German startup supported by PayPal investor and co-founder Peter Thiel, has raised $ 300 million in a round of Series D financing. The investment places the company’s valuation at around 2,700 million dollars.The financing round takes place only 10 months after the last and will be used to…
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For the banking sector in the EU, it is not enough simply to become digital. Cognizant’s research into “The New Banking Genome: Building the Resilient Bank of Tomorrow” found that PSD2 and open banking make it easier for new entrants to get involved. Above all, the technology giants. The latest…
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A senior adviser to the Bank of England has stated that cryptocurrencies do not pass basic financial tests and are not high on his list of concerns. In an interview with Bloomberg, he added that he was “not so worried about cryptocurrencies”. Central Bank Adviser Sees No Threat in Cryptocurrencies…
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May we introduce: Hartmut Giesen Working in the fintech industry is like coming and going, requires a high level of professionalism in a relaxed work environment, and is driven by innovation, good, smart, and forward-thinking ideas, according to a widespread consensus. But who are the very heads and creators behind…
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Huw van Steenis, senior adviser to Bank of England (BOE) Governor Mark Carney, said that cryptocurrencies do not pass fundamental financial tests. Is the crypto potential in risk? Van Steenis joined the BOE in 2018, having previously worked at Schroders and Morgan Stanley. He currently directs a review of the…
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