Using Blockchain To Record Asset-Backed Securities
Asset back #securities is ripe for #blockchain with just a few #banks active in the market and outdated #record-keeping on paper and Excel.
Financial Technology
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For the Record, Apple Pay Did Not Beat PayPal in Transaction Volume
#Apple Pay crossed one billion transactions in the quarter ending on June 30, CEO Tim Cook said on the Cupertino-based company’s earnings call yesterday. That number, Cook said, represents three times the #transaction number in the same quarter last year. Cook expects that volume to keep rising as the P2P feature is set to launch […]
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Corporate Venture Investment Hits a Record $37 Billion in 2017
Last year, was big for #corporate #venture capital — $ 37.4 #billion big. That’s the total #record amount of money invested by the corporate venture capital industry last year in 1,268 financing deals, according to a report from Pitchbook and the National Venture Capital Association released Friday. Overall, corporate venture capital entities participated in 44% of all #2017 […]
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Amazon Prime Day Sees ‘Record’ Shopping (Just Don’t Compare to Alibaba’s Singles’ Day)
Who sold it better — Alibaba, during 2016 Singles’ Day or #Amazon, during today’s #Prime Day? With respect to Amazon’s ‘#record levels’ of shoppers today, according to company statements, #Alibaba’s Singles&8217; Day is probably going to stay on top — despite Amazon shoppers acting like this, at least according to Twitter: Actual footage of how […]
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Record Number of Banks Want to Partner with Lending Club
#Lending #Club might be through the woods, thanks to #banks. Banks made up a “#record” 40% of the lender’s almost $ 2 billion originations for the quarter, up from 31% last quarter, according to Lending Club CEO Scott Sanborn. Sanborn said on the company&8217;s earnings call yesterday: Banks continued to ramp their purchasing as a major component […]
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Identity Fraud Hits Record High in 2016
More than 15 million people were affected by #identity #fraud in the U.S. last year, according to a recent study by Javelin Strategy & Research. The identity fraud incidence rate increased by 16%, a #record #high since the company began tracking identity fraud in 2003. Fraudsters successfully adapted to net two million more victims last year, compared to 2015. […]
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Apple Sees ‘Record’ Growth in China; But Is Still in Ant’s Shadow
#Apple’s plans for #China seem to be going—well, going. During the company’s Q1 2017 earnings call yesterday, CEO Tim Cook reported #record revenue for the quarter at about $ 78.4 billion. $ 7.2 billion of that was generated by revenue from Apple services—including digital content and services, AppleCare, and Apple Pay, whichRead More
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Enforcement Actions Against Banks Reached Record Low in 3Q
This past quarter saw the lowest number of #enforcement #actions #against financial institutions since 2013 (though there were some prominent cases in the media spotlight that may have led observers to think otherwise.) New Haven, Conn.-based compliance management company Continuity noted that despite the decrease in enforcement actions — 99 vs. 150 inRead More
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Ether Hits Record Highs as Price Decouples From Bitcoin
The #price of #ether, the native digital asset on the Ethereum #blockchain, neared $ 20 for the first time ever on 14th June, approaching the milestone as it appeared to break out of its old trading patterns. In recent weeks, market observers asserted that ether had been displaying a negative correlation, with the older, more established […]
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