Speaking at the Treasury's International Fintech conference in London this week, Jenkins explained how 18 months ago he predicted Uber moments that will begin to transform financial services; he now sees a lot of these moments beginning to happen with branch traffic down 50% in the UK in the last few years and Scandinavian countries beginning to look at going completely cashless; he also pointed out that new technologies like distributed ledger, machine learning and AI are becoming more cost effective; his new firm 10X Future Technologies has created a new banking system where you are able to build in this new technology in a seamless way. Source
Apple CEO Tim Cook said he personally owns cryptocurrency after he was asked at The New York Times DealBook conference if he owns bitcoin or ethereum.
Agriculture financing has typically been done by local banks who have built relationships with farms and families; there is a...
The FDIC sent a letter to banks outlining problems they see with the current way vendor contracts are done; the...
Texas Capital Bank and Cambridge Savings Bank are among those trying to attract new online-only customers while experimenting with technologies to benefit the institutions overall.
The Office of the Comptroller of the Currency (OCC) has published details on its fintech charter in a 16-page supplement to its existing OCC licensing manual; the fintech charter supplement addresses capital requirements, liquidity, financial inclusion plans, consumer protection and the application process; Lend Academy provides an analysis in their article; the release of the fintech charter will now be followed by an open comment period which ends on April 14; also noteworthy is that Thomas Curry's term as comptroller ends on April 9 however he can serve until a replacement is confirmed. Source
P2P Global Investments’ NAV rose .78% in December and returned 5.2% in 2018; the UK-listed fund focuses on purchasing assets...
ClassWallet Raises $2.3M in Funding How Snapchat and Instagram could grow the payments ecosystem Credit Karma Partners with SpyCloud to...
Bitcoin trading has become a viable income source for many Chinese cryptocurrency traders; launched in 2009 the cryptocurrency has recently reached highs of over 8,000 yuan ($1,160.65) and is currently trading at around 6,600 yuan ($957.53); with a global worth of over $14 billion, over 90% is currently in yuan and Chinese investors are actively taking advantage of the currency's gains; investor Huai Yang is reportedly earning 1 million yuan ($145,081) per month from trading bitcoin; other investors have also reported steady bitcoin trading monthly incomes of over 40,000 yuan ($5,803). Source
In their latest installment of Confessions TearSheet sits down with a fintech CEO who worked as a Wall Street trader...