Punjab National Bank in India recently was the victim of a fraud that cost the bank more than $2bn; some have argued that if the system in which the bank used was on the blockchain the fraud would not have happened or it would have been detected quickly; banks still operate on systems that don’t always connect or still involve a lot of paper; enlisting blockchain will help to make the process more efficient, transparent and safe; when this could be implemented is a different question as banks have started testing the new technology, it has yet to be widely adopted across the globe in banking. Source.
According to the WSJ, Goldman Sachs is in talks to offer financing on Apple products; this would be alternative to a consumer financing devices on a credit card; both companies didn’t comment on the story, but if a deal came together it could propel Goldman’s Marcus further into consumer finance. Source
Itaú’s Argentinian firm is its smallest. Nevertheless, innovation in its retail segment could be a game-changer in the country – and potentially the region.
Fintechs have stolen a march on banks and credit unions in apps that manage shared financial relationships, but banking has advantages.
The approval of the EU's MiCA legislation highlights post-Brexit UK's regulatory shortcomings - could it be boosted?
Business Insider is out with a new report which shows just how far fintech has spread from 10 years ago;...
Coupa Software and JPMorgan have announced that they are now working together to integrate JPMorgan’s Single-Use Accounts (SUA) virtual cards...
India will soon be home to a new neobank designed specifically for couples called Coupl, which allows couples to manage their money and investments jointly.
El regreso de la Convención Bancaria de manera presencial no será lo mismo que antes de la pandemia, porque se han vivido cosas inéditas.
Coverager provides insight on the insurtech investment market with a list of 11 insurtech deals announced in January; Practo in India tops the list with a $55 million investment; firm provides a platform for patients to book appointments and also offers a software as a service solution for doctors. Source