FinTech

South Korea Officially Legalizes Bitcoin, Huge Market For Traders

South Korea has officially legalized international Bitcoin transfers and is on the verge of providing a regulatory framework for Bitcoin trading …

Bitcoin

3 Things Qualcomm, Inc. Wants You to Know About Its New Fingerprint Tech -- The Motley Fool

Qualcomm's making a big push into the smartphone fingerprint scanning market with a range of technologies.<p><b>Qualcomm</b> (NASDAQ:QCOM) is the leading …

Stocks

Bank Of America To Dublin - As With Others, City's Post-Brexit EU Problem Is Trivial To Solve

Bank of America has announced that it is to use Dublin as its post-Brexit base to service the remnant European Union. What this shows is that, despite the wailing and gnashing of teeth there has been over the issue, the problem of solving the post-Brexit access to the European market is trivial to …

Financial Services

3D Printing Start-Up Desktop Metal Raises $115 Million From Backers Including Google and GE -- The Motley Fool

Armed with $212 million in total funding, this start-up is aiming to upend traditional metal manufacturing.<p>Metal 3D printing start-up Desktop Metal …

Manufacturing

TransferWise eyes £1bn value as float looms

Sky News has learnt that TransferWise is in detailed talks with investors, including several prospective new backers, about a funding round that …

UK News

The 3 Best Dividend Stocks in the Smart Home Industry

The smart home market -- which includes automated lights, thermostats, security cameras, TVs, appliances, and other gadgets -- could grow from $24.1 billion in 2016 to $53.5 billion in 2022, according to Zion Market Research. Those devices should play a key role in the growth of the Internet of …

Stocks

T-Mobile's Earnings Report Had Some Good News For Verizon Investors -- The Motley Fool

Verizon's unlimited plan is keeping subscribers from switching to T-Mobile.<p>The second quarter was <b>Verizon</b>'s (NYSE:VZ) first full quarter following the …

Stocks

China Reforms Financial Regulatory Body to Better Financial Security

From June 14 - 15, 2017, China held the fifth National Financial Work Conference in Beijing, manifesting a new regulatory institution. The …

China

First Data's $750 Million Attempt to Jumpstart Growth -- The Motley Fool

First Data's payment processing solutions have lagged competitors' offerings in recent years. Will its acquisition of CardConnect right the</b> …

Stocks

Twitter Stock Has a Lot to Prove on Thursday -- The Motley Fool

The social-media giant just wrapped up a 12-day winning streak as it heads into an important quarterly report.<p><b>Twitter</b> (NYSE:TWTR) has become this …

Stocks

Is this the Brexit banking exodus Theresa May told us couldn’t happen?

With Morgan Stanley quitting the City, the question is no longer if Brexit will damage the UK financial services industry – but how bad the damage will be<p>• Nesrine Malik is a freelance journalist and former private equity investor<p>The latest financial institution making plans to relocate jobs away …

Financial Services

Betterment introduces ethical investment option

<i>This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Ethical investment is undoubtedly in vogue, with ever-more wealth management fintechs rolling out socially responsible portfolios. Leading US online investment advisor …

Kickstart Accelerator's 10 Most Promising Fintech Startups

One of Europe’s multi-corporate, zero-equity technology accelerators Kickstart Accelerator has announced the shortlist of startups that will participate in an 11 week program in Zurich. 10 of those chosen by digitalswitzerland and Impact Hub Zurich intend on operating in the fintech market and …

Banks cautious over open data review

Stuart CondieAustralian Associated Press<p><b>Australia's banks have cautiously welcomed the formalisation of a review to examine how to implement an open</b> …

Open Data

Blockchain Startup Billon Nets €2 Million From EU Research Fund

According to a statement from the startup, the grant seeks to formally recognize its capacity in developing corporate payment solutions based on …

Startups

Bank Profits Near Pre-Crisis Peak in U.S. Despite All the Rules - Bloomberg

The last time big U.S. banks made so much money, the financial world was heading toward the brink of collapse. This time, it’s stiff regulation …

Financial Services

Digital wealth manager Flynt gets Swiss banking license

ZURICH (Reuters) - Digital wealth management start-up Flynt has received a banking license from Swiss finance watchdog FINMA, it said on Friday, representing a first for a Swiss financial technology business.<p>The software group's announcement comes on the heels of Swiss private bank Falcon receiving …

Banking

Betterment just landed an $800 million valuation

Betterment, the largest independent roboadviser, announced Friday morning a new round of funding that would bring the firm's valuation to $800 million.<p>The $70 million funding round was led by Kinnevik, a Swedish investment company. Other investors in this round included Menlo Ventures, a …

Startups

FREE international money transfers at proper exchange rates

TransferWise has been around for a little while now. Essentially, it’s an international money transfer service that, unlike your bank (or, God …

Forex

How Much Can Netflix Tell Us About The Future Of Index Data?

<i>Originally published on July 6, 2017</i><p><i>By Jonathan Worrall, CEO, data solutions, FTSE Russell</i><p>A lot, actually. Allow me to explain.<p>A mind-blowing level …

Financial Services

Using Artificial Intelligence to Deliver a More Personalized Customer Experience

The explosive growth of structured and unstructured data, along with the availability of new technologies such as cloud computing and machine …

Financial Services

Wall Street’s gains helping tech industry, real estate leasing

Wall Street once again seems to be the engine that makes New York City’s jobs and real estate sectors rev.<p>Steady growth in the city’s financial …

Financial Services

Trump admin sticks by plan to oversee fintech startups

Acting Comptroller of the Currency Keith Noreika, accused of being a tool of the financial industry, is surprising critics by adopting a relatively …

Business

Blackstone, CVC Join Payments-Sector Deal Frenzy With $3.8 Billion Paysafe Bid

Blackstone Group LP and CVC Capital Partners have teamed up on a $3.8 billion bid for U.K. online payments processor Paysafe Group PLC, joining a wave of consolidation in the payments sector.<p>The bid, if successful, comes as businesses and consumers are increasingly carrying out transactions online …

Permira buys 10% stake in Swedish fintech group Klarna

Permira, the private equity group behind the buyouts of Hugo Boss and New Look has bought a 10 per cent stake in leading Swedish fintech group Klarna …

Hugo Boss

Fintech startup Borrowell backed by established financial players in Series A funding round

Financial technology startup Borrowell Inc. has raised $12-million in equity financing and secured millions more in new loan capital as part of a new funding round backed by incumbent financial players.<p>The Toronto-based online lender, which specializes in small personal loans and free credit …

Startups

Amex's progress can be attributed to its rewards program

<i>This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.</i><p>American Express, which reported its Q2 2017 earnings late Wednesday, is seeing “solid progress” relative to its priorities and goals. The company has finally returned to …

Business

Mobile Technology Powers the Future of Banking

From retail and commercial banking to wealth management and insurance, mobile technology is transforming the way people handle their finances and …

Banking

Frankfurt could run out of offices as banks scramble for space post-Brexit

LONDON — Germany's financial centre, Frankfurt, could run out of office space as the movement of banks looking to set up new EU headquarters outside London after Brexit puts a squeeze on the city's commercial property sector.<p>That's the warning given by the real estate brokerage unit of French …

Financial Services

Monsoon CreditTech: Democratizing Machine Learning for Banks & NBFCs, Raises Funding from Angel Investors

Monsoon CreditTech’s Machine Learning Access Program (MLAP) is meant to give the top management of banks and NBFCs a risk-free way to try Monsoon’s …

Machine Learning