#Ally Bank announced today that it offers a #cashback rewards #credit #card to its customers, but Ally is not the card issuer. The issuer of the card is TD Bank. “Our customers wanted a credit card and through our relationship with TD, we were able to deliver a customized solution inRead More
Bank Innovation
#Bank #Innovation today officially #launches #BankBoost, a new app that fosters information discovery in the #fintech industry. BankBoost is an “answerbase,” which means it is an app for getting #questions to your fintech questions. Users can post on any fintech topic and seek answers from the Bank Innovation community. Think ofRead More
Bank Innovation
#Microsoft today unveiled a new #project designed to make it easier for businesses to team up on new #blockchain projects.
fintech techcrunch
Luzerner Kantonalbank (#LUKB) has launched Crowders.ch, a digital #platform that allows users, or “Crowders,” to predict the performance of the 30 securities composing the Swiss Leader Index (SLI).
Crowders.ch
is unique in its way as it is the first platform in Switzerland that uses the power of the online community to predict the #stock #market. It aims at proving that &8220;collective intelligence&8221; or the &8220;Wisdom of the Crowd,&8221; can predict market trends more accurately than individual investment professionals.
The assessment is carried out as voting and is summarized on a monthly basis. The aggregated forecast is then used by LUKB’s fund management subsidiary LUKB Expert Fondsleitung AG as a reference for the weighting of the new equity funds LUKB Crowders TopSwiss with securities from the SLI. SLI is made of the 30 largest and most liquid securities in the Swiss equity market.
To incentivize the community to participate, Crowders.ch rewards those who predict the trends right. These people receive points and are ranked based on their performances. The best-ranked people receive monthly rewards.
Crowders is the first product of LUKB&8217;s Crowd Bank offerings. Committed to digitalization, the bank said it #plans to develop a number of crowd-based platforms aimed at solving financial issues.
Later this year, LUKB will launch Funders, the bank&8217;s own #crowdfunding platform.
The post LUKB Launches Crowd-Voting Platform for Stock Market Prediction and Plans Crowdfunding Platform appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.
Many finanical services professionals think #blockchain can be the solution to their problems. A Texas startup thinks blockchain itself is problematic, and launched a service yesterday to improve upon it. Texas-based #Swirlds announced a blockchain alternative called #Hashgraph yesterday, opening it up for public download and use by developers. ToRead More
Bank Innovation
Now, even #Skype is a #banking channel. The Cooperative #Bank of Epirus (CBE), based in Ioannina, Greece, has launched #video customer service using Skype in April for its online banking customers. Currently in testing with a select group of customers, the service will roll out to all customers “in the near future,” accordingRead More
Bank Innovation
#State #Street’s #former #blockchain #lead has launched a new #startup focused on using the tech to “redesign” the securities services industry.
fintech techcrunch
#Former #Citigroup CFO #Sallie #Krawcheck launched her anticipated new startup, a #digital #investment #platform for #women called #Ellevest, this morning from the TechCrunch Disrupt NY 2016 conference’s stage. Krawcheck is not your typical startup founder, which makes her entry in the investing space particularly interesting. Prior to Ellevest, she was the president of Global Wealth and… Read More
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