According to Bloomberg, Google is working on its own blockchain technology in their cloud business; the distributed ledger would allow third parties to post and verify transactions and will also offer a white-label product for companies; Google has also been active in acquiring and investing in startups according to the source. Source
The price of bitcoin is the highest in Zimbabwe which reached $13,500 at the time of the article being published; this is due to the conflicts happening in the country; for people in Zimbabwe bitcoin is seen as a safer option; the US dollar and South African rand also trade for approximately twice their price in the country. Source
Chris Tremont, head of Radius’ virtual bank, joined the Tearsheet podcast to talk about how the bank has used fintech...
Lord Hammond has held advisory roles at both crypto firm Copper and OakNorth Bank since leaving Parliament.
Last year Accenture ACN issued a digital banking report showing the gap between banks who are digitally focused and those...
A survey by Fiserv indicate the growing use of modern payment methods in Brazil such as Pix, QR codes and online shopping.
PNC, Bank of America, JPMorgan, Wells Fargo and Citi have all introduced automated projections for commercial clients in recent months. Fintechs that cater to small businesses had pioneered the niche.
In partnership with The New York Times, CB Insights reports on the top 100 venture capitalists; top on the list is Bill Gurley from Benchmark; notable increases from 2016 include Founders Fund's Brian Singerman who moved to fifth and Lightspeed Venture Partners' Ravi Mhatre who is ranked sixth. Source
Propel, the $150 million fintech venture capital company set up by Spanish bank BBVA is investing $14.1 million into InsurTech startup, Hixme; the investment was announced at Money 20/20 in Las Vegas; Propel’s sole backer is BBVA - its $150 million of funding makes it one of the biggest fintech-focused funds in the world; the company's hope is to invest in next-generation fintech companies. Jay Reinemann, managing partner at Proper Ventures, says: "Insurance has been one of the latest hot areas, it's been that way for at least a year. Source
Banco BNI Europa and Varengold Bank AG have committed £90 million and £45 million respectively to MarketInvoice; MarketInvoice offers business loans and invoice finance through their platform and already has a variety of investors participating on the platform; Banco BNI Europa previously invested £28 million in 2016 and another £45 million in 2017; Varengold previously committed £45 million in September of 2017; MarketInvoice recently crossed the £2 billion mark. Source