The Bank of England and the Financial Conduct Authority released a final report that backs a light touch when it comes to regulation of artificial intelligence.
OpenSea, the popular NFT marketplace that hit a colossal $13 billion valuation in January, is warning users of email phishing after a data breach.A staff at Customer.io, an email vendor contracted by OpenSea, misused their employee access to download and share email addresses of OpenSea’s users and...
Leading digital bank Chime has launched an innovative new credit card called Credit Builder; surveys have shown that most millennials...
JPMorgan's Jamie Dimon has released his annual letter which provides details on the bank's fintech spending and future initiatives; in 2016 the bank spent $9.5 billion on technology with approximately $3 billion allocated to new initiatives, including $600 million specifically focused on fintech solutions and projects; in 2017 it plans to introduce new technology services for digital banking, online investment advice and electronic trading; Dimon also said that the firm is "collaborating with some excellent fintech companies to dramatically improve our digital and other customer offerings"; business partners include Zelle for consumer payments, Roostify for online mortgages, TrueCar for auto finance and On Deck Capital, for small business loans. Source
Don't worry, we speak : Español (Spanish), too!Whenever a new fintech with B2C services arrives in Latin America, it is common for them to say that one of their main objectives is to bank the population.
UK based Arrowgrass will offer investors fintech exposure through a new vehicle listed on the AIM Market; the $97mn IPO named TruFin, is the first time investors will have access to one of the country’s p2p platforms in Zopa; “Listing on AIM will allow us to provide further capital to our subsidiaries and scale faster, and take advantage of any developments in the current financial services market,” said Henry Kenner, chief executive officer of TruFin plc, to AltFi. Source.
Loot has launched version two of its app which provides for cash deposits and personal finance management; in its newest launch the app has accepted 25,000 new customers; the app helps customers track their spending and provides discounts from affiliated merchants; the version two launch of the app follows a $3.13 million funding round in November. Source
The battle lines have been drawn, but which side will back down first is still to be decided. Now in...
CB Insights reports on the venture capital industries top investors in unicorn exits; Sequoia Capital ranks first on the list of investors investing in unicorn startups with private market exits during 2009 to March 2017; Sequoia Capital has invested in 18 companies with unicorn exits including fintech company Square Capital. Source
The SEC suspended trading of OTC-listed technology company CIAO Group (now rebranded as NuMelo Technology); trading is currently suspended until August 23; the SEC is questioning the accuracy of a planned ICO by the firm and the initiative that the ICO funding would support; the additional funding would support a digital financial products marketplace for the African market based on blockchain technology. Source