Posts Tagged ‘trends’

NY, Silicon Valley Remain Top US Fintech Hubs But Others Are Emerging

New York and Silicon Valley are the indisputable top fintech hubs in the US and amongst the largest ones in the world. New York’s leading global financial hub and Silicon Valley’s world renowned technology hub have provided both locations with the right resources to lead the fintech revolution. But in the past years, several other […]

New AI-powered investment app to focus on Hong Kong millennials

Financial services provider CFSG has launched Hong Kong’s first artificial intelligence-powered financial investment app targeted at millennials, in a strategic partnership with broadband provider HKT. The app, named Alpha i, promises to execute trades in as fast as 0.8 milliseconds. Alpha i also claims to use “Nasa technology” as well as AI, deep learning and big data […]

Singapore’s fintech ambitions bump up against immigration curbs

Technology startups in many countries are fighting to attract skilled workers like software engineers. Yet in the tiny city-state of Singapore, with a population of 5.6 million, the dearth of talent is particularly acute. As a small, open economy Singapore relies on foreign talent to help meet its skills needs. Yet a gradual tightening of immigration […]

Traditional banks can be the ‘trusted face’ of fintech and online finance firms

In a recent survey of 400 banking executives, banking software provider Temenos said more than 53 per cent of respondents cited e-financial services like PayPal, Alipay, WeChat Pay and Apple Pay as their biggest non-traditional competition in the next two years. But their relationships could be complementary and not necessarily purely competitive. Banks can use their […]

The DAICO: ICO Savior Or Wolf In Sheep’s Clothing?

Last week, a gaming platform called The Abyss closed its sale and launched one of the first decentralized autonomous initial coin offerings (DAICO). Originally proposed by Vitalik Buterin, the DAICO aims to empower investors and provide more accountability to a rattled ICO market. In a traditional ICO, a development team receives the entire amount raised in one lump sum […]

Digital Disruption: How Fintech is Pushing Banks to Change

Fintech has brought unprecedented disruption in the financial services ecosystem. Legacy financial institutions looking to become digital-enabled face two main challenges. First, the business models and personal skills that have served the industry well for decades has been disrupted by digital innovation and no longer works in the new banking ecosystem. Second, attempts to create new, […]

Fintech: Next wave of innovation to focus on B2B needs

Inter-business transactions can be a headache for small and medium enterprises (SMEs) due to the extensive documentation required, not to mention the cost of transferring funds. Fintech could provide the solution, says Kerry Agiasotis, managing director and executive vice-president of Sage Asia Pacific. He believes that payment-related fintech solutions could help drive real efficiencies in […]

With at least $1.3 billion invested globally in 2018, VC funding for blockchain blows past 2017 totals

Although bitcoin and blockchain technology may not take up quite as much mental bandwidth for the general public as it did just a few months ago, companies in the space continue to rake in capital from investors. Investor interest in the blockchain space shows no immediate signs of slowing down, even as the price of […]

Move ‘Em Out: ICOs Don’t Seem So Scary Outside the US

In an environment of regulatory uncertainty, where the SEC has begun investigating ICOs and the industry surrounding the capital raising technology but has yet to make a formal decision of how it will regulate crypto tokens, issuers and other stakeholders are finding other jurisdictions a better bet for launching their projects. Both on stage and off during Blockchain […]

There’s a Fundamental Divide in the World of Blockchain

The Consensus conference in New York City was a collision of worlds. Crypto entrepreneurs are more confident than ever that the token economy is the decentralized future of blockchain. The enterprise blockchain market, meanwhile, is looking beyond coins to deploy private, permissioned blockchains across different facets of their businesses. Cryptocurrency panels delved into complex issues like […]