Linux Foundat’s Hyperledger Fabric 1.0 Ready For Production
#Linux Foundation’s #blockchain collaboration has a #production–#ready #Fabric 1.0, with more features to come.
Financial Technology
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China Closes Bitcoin Exchanges as Prices Continue to Fall
The price of #bitcoin continues to teeter today, with the #cryptocurrency having lost a third of its value in the last week. Bitcoin’s sharp drop comes after rising uncertainty in the Chinese market, with two major Chinese currency #exchanges, #China BTC and ViaBTC, having announced that they will halt trading by the end of this […]
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The Future of the Financial WorkStation is Mobile, says Samsung
EXCLUSIVE—Do bank employees, Wall Street traders, or other #financial professionals really need a desktop computer anymore? #Samsung #says, no. Rather, financial professionals should focus on the #mobile phone, which is why Samsung is taking a mobile-first approach to its solutions for finance. The company demoed just such a solution that allows a user to move […]
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Banks Will Replace Legacy Core In Stages, Says SAP
SAP, which once hoped for a Big Bang #core banking replacement, is now looking for piecemeal change with APIs and modules, perhaps provided in the cloud.
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SMB Expense Management Provider Bento Snags Major Partnership with The Brink’s Compnay
EXCLUSIVE – The #Brink’s Company and #expense #management #provider #Bento for Business introduced a new Travel & Expense Debit Card at Finovate in New York. The #partnership is a #major win for Bento, who launched only two years ago with a prepaid card for SMBs. “The Brink’s T+E card is different from our core product […]
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Namibia’s Central Bank Outlaws Cryptocurrency
Namibia’s #Central #Bank said #cryptocurrency exchanges are not allowed under the nation&8217;s law. According to this same law, cryptocurrency cannot be accepted as payment for goods and services, the nation&8217;s central bank has said. Based on a statement released by the government to The Namibian on this subject: It should be noted that there is […]
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Using Advanced Tech To Provide Life Insurance Online In Minutes
By making the process simple and #online, which hold down prices, CUNA Mutual Group has provided $ 500 million in term #life #insurance in less than a year since the product launched.
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PayPal Will Grow P2P Opportunities By ‘Going After’ Cash
EXCLUSIVE- P2P is changing, as new entrants like Zelle come into the market, which means payments companies have a lot of #opportunities to hit or miss the #technology. One of the reigning P2P champions, #PayPal, is keeping its approach to this expanding market simple: by remembering that #cash is still king for the majority of […]
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Rise of APIs – Payments and Other Financial APIs See Huge Growth Spike
#APIs, or Application Programming Interface, have seen tremendous #growth, especially in the finance space. The #spike in numbers comes as no surprise with the ever-increasing number of #fintech startups as well as traditional #banks and #financial institutions rushing to integrate APIs in some form or the other. Other factors contributing to this growth, according to […]
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U.S. Federal Reserve Takes No Position On Its Real-Time Payments Report
While the #Federal #Reserve System and participants in its Faster #Payments Task Force extol the benefits of a collaborative, consensus-building approach to developing a real-time payments system volunteerism, they are silent on both the direct and the opportunity costs.
Financial Technology
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