FinTech

Financial technology, often shortened to fintech, is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

APIs, Patents In Banks’ Sights Amid Race For Speed, Services
APIs, Patents In Banks’ Sights Amid Race For Speed, Services
July 24, 2018  |  API

The sea change that is afoot in financial services is drawing a bead on APIs, as a new Citi report notes.  Patents filings are grabbing...

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Revamped UK Payment System Embraces Blockchain
Revamped UK Payment System Embraces Blockchain
July 24, 2018  |  Europe

A revamped Bank of England (BoE) payments system is expected to connect with FinTech firms using distributed ledger technology (DLT). According to Reuters, the new...

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US Chamber Demands Crypto, ICO Regulation
US Chamber Demands Crypto, ICO Regulation
July 23, 2018  |  Regulation

The U.S. Chamber of Commerce is demanding clearer regulations for cryptocurrencies and any activities related to them, including initial coin offerings (ICOs). According to Forbes,...

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Startups Settle In Sydney To Join Growing FinTech Ecosystem 
Startups Settle In Sydney To Join Growing FinTech Ecosystem 
July 20, 2018  |  International

Sydney, the most populous city in Australia, is also a burgeoning FinTech hub: In fact, Deloitte has ranked it as the eighth most conducive hub...

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Morgan Stanley: FinTech Looks ‘Attractive’
Morgan Stanley: FinTech Looks ‘Attractive’
July 20, 2018  |  Payments Innovation

Wall Street firm Morgan Stanley is getting more bullish on the payments and processing markets, upgrading its investment rating to be attractive, with growth expected...

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Why State Street Wants To Use AI On “Almost Everything”
Why State Street Wants To Use AI On “Almost Everything”
July 20, 2018  |  Digital Banking

FIs' investment in artificial intelligence (AI) and machine learning (ML) is expected to reach $57.6 billion by 2021. In the latest Digital Banking Tracker, PYMNTS...

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Amex, Santander Explore FinTech Using API
Amex, Santander Explore FinTech Using API
July 19, 2018  |  Banking

American Express has filed for a blockchain-based proof of payment technology, and Santander U.K. entered into an agreement with Infosys Finacle. Traditional banks and other...

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CFPB Names Paul Watkins From AZ AG Office As Innovation Head
CFPB Names Paul Watkins From AZ AG Office As Innovation Head
July 19, 2018  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has announced that Paul Watkins, a lawyer, will lead the agency’s newly created Office of Innovation. “I am delighted...

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FI/FinTech Partnerships: Eyeing Risk To Reap Rewards
FI/FinTech Partnerships: Eyeing Risk To Reap Rewards
July 19, 2018  |  Risk Management

It’s no secret that banks and FinTechs are collaborating at a rate faster than ever before. Where once traditional finance companies viewed tech-driven service firms...

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