Category: digital currencies

On one day in April I ran a simple experiment. I typed Fintech into a search engine and hit News and looked at the top 10 news items through a West or Rest lens. Among the top 3 results, 2 have a Rest slant with one being an Indian company and the other being a…

A new Europay, Mastercard and Visa (EMV) contactless kernel specification is being developed by the global technical body EMVCo to advance global contactless payment acceptance. Following a detailed review in February and March, which was attended by company associates, a draft specification is now available on the EMVCo website for public review, which is open…

Bitso, a cryptocurrency platform in Latin America, with over 4 million users, has announced a new way for customers -including Argentina, Brazil and Mexico- to put their crypto to work and earn yields. The new feature, called Bitso+ allows current and new clients to gain up to 15 per cent annually on USD Stablecoins in…

A startup digital bank is working with Google and Deloitte to automate its lending for small and midsize businesses (SMBs) and use artificial intelligence (AI) to eliminate bias. In this episode of “The Buzz” podcast, Bank Automation News hears from Seke Ballard, founder and CEO of Beta Financial Services, a Chicago-based holding company that has…

Digital wealth management company Envestnet announced new technology platforms and an internal automation drive during its first-quarter earnings presentation last week. The Berwyn, Pa.-based company, which has $5.5 trillion in assets and touts its relationships with more than a dozen of the biggest U.S. banks, will release a solution for wealth advisors next week that…

Crooks follow the money, and right now there’s a lot of money in buy now pay later (BNPL), which currently accounts for about $97 billion of global e-commerce transactions. That number is expected to double by 2024, according to Worldpay, the payment processing firm owned by core provider FIS. Although 71% of 2,000 businesses surveyed…

Earlier this year, PwC’s Vicki Huff Eckert published a report that looked at the impact of VC investment on the technology industry. Eckert is Vice Chair for Technology, Media, and Communications – and the global leader of New Ventures and Innovation – for PwC. She will be featured at FinovateSpring next week in San Francisco…

Apple is using CNote’s platform to invest $25 million in underserved communities. Oakland-based CNote facilitates investments in economic equality, racial justice, gender equity and climate change initiatives. Apple joins other companies using CNote to invest, including Mastercard, Patagonia, PayPal, and Netflix. CNote, a company that facilitates investments in fixed income and time deposit products that…

Minna Technologies has launched a new solution to help merchants recover revenue and re-engage customers who recently canceled subscriptions. The new offering, Merchant Solutions, helps solve a pain point in which bank cards are often blocked during a subscription cancellation. Merchant Solutions tackles the new reality of subscription management in which customers are more proactive…

Like brakes to a bicycle, fintech must exist within the realms of regulation if it is to ditch its ‘wild west’ persona. Indeed, the adoption of various elements of the industry, like cryptocurrency, has ultimately suffered due to the lack of regulation that surrounds and supports them. Throughout the entire month of May, The Fintech Times will…