Can #blockchain speed up the drag of #loan #settlements? Synaps, R3, and more than a dozen #banks say so. Synaps LLC, a joint venture from global financial services provider Ipreo and smart contracts solutions firm Symbiont, has just closed a successful proof-of-concept of its blockchain platform for syndicated loans. Nineteen banks participated in the POC, […]
Bank Innovation
#Walmart has made it clear: it will not shy away from digital competition. The retail giant has recently taken on Amazon, offering free two-day shipping for orders of $ 35 and over, and piloting Scan & Go for Android users – an app that allows users to scan and pay for products they are purchasing using […]
Bank Innovation
Applying for financing or credit cards at the POS at retail giants such as Best Buy is a no-brainer. Small and medium-sized merchants, however, don’t usually have that option. #Blispay – launched in March last year – is set to tackle that issue, with a solution aimed at SMEs. The Baltimore-basedRead More
Bank Innovation
From almost the very beginning, #Riskalyze has had the look and feel of a winner. Which can mean only one thing for the financial services startup: The venture capitalists were circling. “We had tons of inbound emails and tons of inbound phone calls. It was constant,” Riskalyze CEO and founderRead More
Bank Innovation
Yesterday the payments network formerly known as #clearXchange, a product offered by Early Warning, officially re-branded itself as #Zelle. The announcement was made by Early Warning’s president and CEO Paul Finch as he strode onto the Money20/20 stage wearing a polo with the brand–Zelle&8211;proudly embroidered in white. The Zelle network willRead More
Bank Innovation
Meet the eight #blockchain startups that were recently accepted into storied Silicon Valley accelerator #Plug and Play’s fourth #FinTech #batch.
CoinDesk
#OpenBazaar is becoming more than an illicit #market. New upgrades are being designed to attract more users and larger merchants.
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.
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