J.P. Morgan to collaborate with Wematch

Wematch Interest Rates has been selected to join J.P. Morgan’s In-Residence fintech programme and will collaborate with the bank to explore ways of applying its technology at scale. Wematch.live’s technology brings a new way of thinking to the dealer-to-dealer interest rate market as it applies a previously unseen level of automation to a trader’s workflow.

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Portify raises £1.3M to help gig economy workers improve their financial well-being

Portify, a London fintech startup that offers an app and various financial products to help gig economy workers better manage their finances and in turn improve financial well-being, has raised £1.3 million in seed investment. The round was led by Kindred Capital and company builder and investor Entrepreneur First, with participation from various unnamed angel investors. Portify offers a number of tailored financial products, accessible via its mobile app, to help flexible workers get insights into their current financial status and income, as well as do short and long-term financial planning.

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The fintech interview: Part 9 TrueLayer

In the latest fintech interview Karl Flinders features a company which doesn’t provide financial services to businesses or consumers, but enables other fintechs to do just that. TrueLayer is one of those companies that fits into the second syllable of the noun fintech and is a product of the open banking revolution. It provides an API that enables software developers at fintechs to create services that use information from banks. It enables them to be a secure conduit between the banks and third party applications.

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Saudi FinTech Forum 2018

Saudi FinTech Forum will bring together 200+ business leaders and technology innovators from Banks, Insurance Companies, Brokers, Bancassurance, and Fintech Companies to collaborate on the re-invention of technologies, processes and products through digital transformation.

When: November 26-27, 2018

Where: Riyadh, Kingdom of Saudi Arabia

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The Philippines Fintech Report 2018

With a population of over 100 million, just 31% of adults having a bank account, and a mobile penetration of 58%, the Philippines is a fertile ground for fintech innovation. Currently, only 4% of all transactions are made online in the Philippines, leaving considerable growth opportunities, according to the latest Philippines Fintech Startup Report.

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First Emissions Platform Launched by Swiss Fintech

Gentwo Digital, a company specialising in the securitisation of financial products partnered with blockchain service provider Inacta to form a joint venture in the Swiss city of Zug. Gentwo Digital allows the display of crypto assets as bankable financial products. Gentwo founder Patrick Loepfe and Inacta’s managing partners Marco Bumbacher and Ralf Glabischnig will take care of connecting the new offer to the crypto community.

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Mining Cryptocurrencies Is More Energy Intensive Than Actual Mining, Researchers Say

The digital mining of cryptocurrencies required more energy per US dollar generated than the mining of physical metals between January 2016 and June 2018, according to a new study published in the British journal Nature Sustainability. The study also estimated that, during the 2.5-year period, the four cryptocurrency networks (bitcoin, Ethereum, Litecoin, and Monero) generated between 3 million and 15 million tons of carbon emissions. The carbon footprint of any cryptocurrency depends hugely on where the coins are generated. Digital mining in China, where a significant percentage of mining occurs, created four times more CO2 than Canada, where 60% of electricity is generated by hydropower.

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Crypto Bulls launches first UAE-registered crypto exchange

Crypto firm Crypto Bulls has teamed up with Al Zarooni Group and Gulf Coin Gold to launch the Crypto Bulls exchange, an exchange which will focus on the Dubai market. The new crypto exchange has the backing of the government in UAE, which harbors ambitions of transforming Dubai into a haven for blockchain and cryptocurrency businesses—following the footsteps of jurisdictions such as Malta, South Korea and Singapore.

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Blockchain Announces $125 Million ‘Airdrop’ of Stellar Cryptocurrency

The crypto wallet provider Blockchain plans to distribute cryptocurrency to millions of its users in what appears to be the largest such giveaway of its kind. The giveaway—known in crypto parlance as an “airdrop”—will see recipients each get about $25 worth of the cryptocurrency commonly known as Stellar as part of an overall distribution worth $125 million. Stellar is currently the sixth largest cryptocurrency with a market cap of around $5 billion.

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London-based fintech startup Sharegain increases total funding amount to €10.5 million and rolls-out first Securities Lending platform

The UK-based fintech startup Sharegain, whose securities lending platform allows any investor to generate revenue through loaning out their financial assets, has raised a total of $12 million (including $5 million in the latest round) to support the roll-out of its platform to private banks, online brokers and robo-advisers, as well as scaling up its operations with family offices and asset management firms in line with significant early demand. The funding, over two rounds, comes from Venture Capital firms Blumberg Capital, Target Global, Maverick Ventures Israel, Rhodium and private investors from the financial industry. An undisclosed group of lenders are already using the Sharegain platform, and the business is also collaborating with global financial institutions to drive best practice and a more transparent approach to securities lending.

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