When Libra was announced last year it was met with significant pushback, particularly in Europe; today, the European Union has...
Sources report that Chinese online property and casualty insurance company Zhong An is planning for an initial public offering (IPO) in China; the firm was founded by Alibaba's Jack Ma, Tencent's Pony Ma and Ma Mingzhe from Ping An Insurance Group of China; a primary product for the firm is e-commerce shipping insurance which accounts for approximately 50% of the business; currently the firm's major shareholders include Ant Financial with 16% and Tencent Holdings Ltd. with 12%; in 2015 it reported a valuation of $8 billion and it currently plans to raise an additional 2 billion yuan ($290 million) to help it prepare for the IPO. Source
The “adrenalin ride” of fintech has been a big draw for banking heavyweights who have been facing tougher regulation, increasingly...
Milind Mehere is the CEO and Co-Founder of Yieldstreet and in this podcast episode he discusses alternative investments and why now is a good time to be in the space.
Much has been written about the innovations in consumer banking and how fintech has changed the retail banking landscape dramatically...
A new report by the Council of Economic Advisers said cyberattacks cost the U.S. between $56bn and $109bn in 2016; the council's report represents between 0.31% and 0.58% of the 2016 U.S. gross domestic product being at risk; the financial sector had the biggest number of attacks seeing about 471 breaches in 2016; the report made an ominous statement on detecting threats saying, “Due to common vulnerabilities, instances of security breaches occur across firms and in patterns that are difficult to anticipate.” Source.
FTC is Concerned About Big Tech and Payments. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Bitso has appointed former Mastercard executive Emilio Pardo as new country manager of Colombia, announcing its formal expansion in the country.
Yieldstreet, a fintech that aims to give retail investors access to alternative investments, announced Friday that users would have access to a new fractional art investing platform called the Art Equity Fund.
Demand for grab-and-go shopping grows as consumers show they are less willing to wait in lines after the pandemic.