Category: digital currencies

While the open banking scene has blossomed and enabled many, both consumers and financial institutions alike, to prosper, there is still a long way to go in its development. It is far from a finished product. Companies all over the world have seen a gap in the market, helping make open banking, and in turn…

What a week it was in San Francisco, as FinovateSpring landed back in the tech capital of America! And as much as this show felt familiar, being back in the same city again didn’t mean that we’re returned to 2019.  We come back to find a very different fintech ecosystem. There are surface-level similarities between…

More than half of those who work in the finance industry would be reluctant to accept a job with a company that had a reputation for having a toxic workplace culture, whilst many feel like their leaders are failing to protect them.  Attitudes to how workforces operate and who workers give their time and energy…

M1, the finance super app helping people manage and grow their money, today announces it has selected Thought Machine, the cloud-native banking technology company, to power and grow its platform. Thought Machine’s cloud-native core banking engine, Vault Core, will be deployed by M1 to build and launch new products – all from a single platform.…

This Tuesday’s The Fintech Times Bi-Weekly News Roundup delivers up a healthy dose of fintech updates from around the world. Funding and investments Fintech lender Creditspring raises £48million to boost its mission to improve financial stability across the UK. Creditspring will focus funds on substantially growing the team, aiming to double the employee base by the…

Environmental, social and governance (ESG) adherence has become central to the operations of many financial institutions. So critical is the matter, that many corporations are now appointing a permanent figure to handle and maintain efforts. This task has been accentuated by the findings of the London-based financial service innovation platform TISAtech and its partner The…

For the first time since 2019, FinovateSpring was held before a live audience of more than 1,000 fintech professionals, analysts, entrepreneurs, and observers. The energy at the San Francisco Hilton in Union Square was palpable. Attendees arrived early and stayed late – even on a sunny Friday afternoon with the delights of the City by…

Quick recap; the  Salvadoran Colon currency failed due to inflation, then they switched to the US Dollar and then they added Bitcoin as legal tender in 2021. El Salvador’s new Bitcoin law requires every trader who is technically able to do so to accept the cryptocurrency. People are also able to pay their taxes in…

Banks have inherent advantages over fintechs in the race to recruit top tech talent although fintechs are often viewed as more efficient and faster-moving than banks. “Technologists have highly valued skills and the competition to attract them is fierce across all industries,” Gill Haus, chief information officer, Chase at $3.7 trillion JPMorgan Chase, told Bank…