Category: digital currencies

We are all familiar with the challenge businesses have when it comes to new customers. On the one hand, there is an urge to onboard as many new customers as possible. On the other hand, great care must be taken to block bad actors or, in the case of the lending business, to avoid borrowers…

IBM posted increased revenues in software, consulting and infrastructure in the third quarter as the tech company prioritized hybrid-cloud and artificial intelligence (AI) strategies. “Technology remains a fundamental source of competitive advantage” in the industry, IBM CEO Arvind Krishna said during Wednesday’s Q3 earnings call, noting that 77% of businesses surveyed have adopted the hybrid…

Envestnet launched its Wealth Data Platform this week. Powered by Snowflake, Envestnet’s enhanced platform gives financial advisors a more comprehensive view of clients’ finances Envestnet made its Finovate debut in 2016 at FinovateEurope, one year after acquiring Yodlee for $660 million. With the launch of its Wealth Data Platform this week, Envestnet has enhanced its…

Challenger bank N26 is launching N26 Crypto, an in-app cryptocurrency trading tool. The company is partnering with Bitpanda for trading and custody of the 194 cryptocurrencies that will be available on its platform by the end of the year. N26 Crypto is launching today in Austria and will be available in more countries in the…

Fifth Third Bank increased its tech spend during the third quarter and is working toward full digitization of its mobile banking capabilities for the remainder of the year. The $205 billion bank’s noninterest expenses during the quarter fell year over year, but the bank remained committed to increasing its tech investments during the quarter, which…

Here are the most relevant developments in the world of structured reporting we became aware of in the course of last week. 1  Human rights reporting needs machine readable data The Danish Institute for Human Rights has published a notable discussion paper on sustainability reporting and human rights. It reports on a project which aimed…

Cryptocurrency Investment Platform Pillow Raises $18 Million In a round co-led by Accel and Quona Capital, crypto investment platform Pillow has secured $18 million in Series A funding. Also participating in the round were Elevation Capital and Jump Capital. Singapore-based Pillow enables individuals to save and invest in a variety of major cryptocurrencies. The company…

Amazon is launching an online insurance marketplace in the U.K. The company is partnering with Ageas UK, Co-op, and LV= General Insurance to offer the Amazon Insurance Store, a new tool to help U.K. customers shop for home insurance. The Amazon Insurance Store is now available to “select customers” and will be available to all…

Citizens Financial Group is building a new mobile app to meet booming customer demand. The $224 billion bank within the next 12 months will launch its app with self-service features in an effort to reduce call center volumes, according to its Q3 earnings presentation. Citizens reported for Q3: Noninterest expenses grew 21% year over year…

Global Processing Services (GPS) has partnered with Featurespace to launch a new issuer processing fraud mitigation solution. The new offering, GPS Fraud Advantage, will leverage Featurespace’s ARIC Risk Hub to provide real-time fraud threat protection. Featurespace made its Finovate debut at FinovateEurope in 2016. The Cambridge, U.K.-based company was founded in 2008. Global Processing Services…