HSBC has opened two data and innovation labs, one in London and the other in Toronto. The labs will engage in activities aimed at improving HSBC’s products and services through …
Read More »Balancing data privacy rights
Data is quickly becoming a point of contention between companies working to collect, process and secure it and governments seeking to force companies to provide them the data they possess. …
Read More »Videos: 6 wealth management startups share their views on the industry
Startups are playing a huge role in innovating the wealth management industry. Our friends at Plug and Play got in touch with 6 of the most relevant ones to get …
Read More »Alternative investment startups allow users to buy shares of rare items
A relatively new concept in making investments is allowing investors to buy shares of rare cars and other rare items. For example, New York-based company Rally Rd. offers users the …
Read More »6 startups that will reshape wealth management
FinTech startups are reshaping the financial world, including wealth and asset management. Here are 6 WealthTech startups that are promising to change the way we manage our wealth: Cred – …
Read More »Banks reviewing how consumers get perks from income cards
Income cards have become popular around the world due to their convenience and the benefits they provide. For example, some income cards not only serve as a bank account, they …
Read More »BigTechs march to battle in the financial sector
Over the past few years, there has been much made of the FinTech boom and how tech- and financially-focused companies were invading the financial sector from seemingly every corner. A …
Read More »EBAday 2019 panel: will BigTechs come to dominate instant payments?
At EBAday 2019, a group of panelists discussed the likely future of instant payments in a world of open banking. The group noted that major progress is already being made …
Read More »Libra: everything you need to know about Facebook’s cryptocurrency
Facebook has announced a plan to launch its own cryptocurrency (Libra) next year. In fact, what they may be doing in launching Libra is actually creating a new financial system …
Read More »Apple Card review
With Apple Inc. starting the rollout of its brand-new Apple Card and its availability expected to reach more than 40 countries by the end of the year, we wanted to …
Read More »G20 countries discuss new tax system for large internet companies
At a meeting of the financial heads of G20 countries in Southwestern Japan, a discussion was held on developing a new tax system for large internet companies such as Google …
Read More »BigTech’s impending banking invasion
With concerns of a BigTech “invasion” into financing reaching an apex, it seems appropriate to examine BigTechs’ interest in the financial sector: Why might BigTechs get into banking? – financial …
Read More »BigTechs threaten financial stability
According to Christine Lagarde, head of the International Monetary Fund (IMF), the entrance of BigTechs into the financial market could adversely affect overall financial stability. Ms. Lagarde specially mentioned concerns …
Read More »Top B2B FinTech Companies
B2B FinTech companies don’t often get the recognition of their B2C cousins; however, they play a key role in the future of financial services and deserve some acknowledgment. That being …
Read More »Q-Lana: a new tool to bolster MSMEs in emerging economies
Q-Lana, a U.S.-based FinTech company, was founded to develop the concept of knowledge-based lending as a way to help financial institutions overcome the challenges associated with broader MSME lending and, …
Read More »Pureplay digital operators to process USD 14 trillion in B2B payments by 2023
New data from Juniper Research suggests that B2B transactions processed by pureplay digital operators are likely to reach USD 14 trillion by 2023, up from USD 6.7 trillion in 2018. …
Read More »Amadeus, Mastercard, Elavon test B2B payments plan with Thai Airways
Amadeus (a Madrid-based travel reservations provider) is teaming with Mastercard and Elavon (the payments unit of U.S. Bancorp) to launch a B2B payments plan with Thai Airways and Sweden’s Select …
Read More »Bankers expect open banking to increase profits 10-20%
According to a new study from Accenture, bankers expect that open banking will lead to a growth in revenue of 10-20%. This thought it bolstered by the fact that commercial …
Read More »3 key areas for a future with open banking
As open banking continues its path toward offering consumers greater financial products and services, it is interesting to consider what things are necessary for open banking to become the new …
Read More »8 in 10 millennials ready to switch away from banks
FinTech players and challenger banks are at the forefront of capturing the millennial market as 8 in 10 millennials now state that they are ready to switch from using banks …
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