Who hacked The DAO in 2016, diverting 3.6 million ether? We identify the apparent hacker — he denies it — by following a complicated trail of crypto transactions and using a previously undisclosed privacy-cracking forensics tool.
Vanguard venture with Ant Group lures 200,000 Chinese clients Moneybox bags £30m Series C as it reaches £1bn in assets...
Experience, being nimble and competing in business banking, rather than the consumer side, could put young Grasshopper into the black.
Starling Bank chief Anne Boden has been accused by 53 fintech founders of trying to thwart innovation in financial services,...
JPMorgan has invested over $10 million in LevelUp, a startup offering mobile payment services to restaurant customers; JPMorgan plans to integrate LevelUp's mobile app restaurant ordering features with its Chase Pay mobile wallet app in an effort to increase acceptance of Chase Pay at restaurants; JPMorgan's Chase Pay was announced a year ago and competes with Apple Pay and Samsung Pay. Source
Bloomberg Intelligence provides insight on Asia's fintech market in 2017; in internet finance Alibaba and Tencent have a strong market position with high barriers to entry set for the growing market; blockchain is expected to remain at the forefront of fintech development with use in online money transfers, electronic payments, banking and internet finance; insurtech will also be important with technology focused on sales distribution, product development and client engagement; data tracking, artificial intelligence and internet of things technology are also expected to be factors for insurtech. Source
LexinFintech Holdings operates Fenqile, a leading online lender in China, and is now rethinking their IPO plans; LexinFintech is attempting to raise $500mn through their IPO but concerns about regulators in China have made the company have second thoughts; the company is planning to come to a decision soon on whether or not to plan their roadshow ahead of the IPO. Source.
Lloyds CEO António Horta Osório told a conference that his bank is the largest digital bank in the UK with more than 30 million digital customers; the bank plans to spend about $1.5bn annually on their digital strategy for the next three years; he also stated he thought partnerships between banks and fintech companies will become even more important and wants to work with them in a symbiotic relationship. Source.
Back office banking infrastructure needs updating; fintech companies and banks want to work with companies that can provide a customizable,...
According to a new report by the Cleveland Fed online SMB lenders have a net satisfaction rate of 33 percent...