The People's Bank of China (PBOC) had meetings with various bitcoin exchanges this week including BTCC, OKCoin and Huobi; along with the meetings two press releases were issued; according to a translation from Coindesk, the document reads, "Bitcoin is not a currency and shouldn't be viewed as such. Those who invest in bitcoin should accordingly be aware of the risks it poses and protect their investment"; officials also reminded exchanges about complying with local state laws and other regulations. Source
Payments fintech Pacto raised $4M from VC investors to expand its point-of-sale software to restaurants and bars in Mexico.
Experienced fintech expert, John Sculley talked about investment opportunities he sees in the market at LendIt USA; former president of Pepsi and former CEO at Apple, Sculley says he is interested in transformative opportunities; in the fintech sector, Sculley recently joined the board of directors at Lantern Credit after becoming an investor; Lantern Credit is positioned to provide transformative technology with machine-learning services for financial institutions that allows for a broader assessment of a borrower's creditworthiness. Source
The President and Co-founder of Ovamba talks about the challenges and opportunities of African fintech and why their Growth as...
Just a few weeks into a job that may only last a few months, Nadhim Zahawi has offered a taste of what may be in store for the UK financial services market.
Revolut and Global Processing Services (GPS) have partnered to allow the UK based digital bank to launch their multi-currency FX app for the Asia Pacific region; Revolut will start with New Zealand, Singapore and Japan; while Revolut has moved much of their processing in house they are supported by GPS for this product. Source.
SFVegas 2020 is right around the corner, and you won’t want to miss out on our riveting lineup of keynote...
On episode 51, I talk with Henry Yoshida of Rocket Dollar, who make it easy to unlock retirement savings and helps all follow their dreams. ...
Experian will integrate BioCatch with its fraud prevention platform; the new platform services will use behavioral biometrics to help clients detect fraudulent credit card and loan applications; with BioCatch clients can consider a range of factors including the speed at which information is entered and how familiar a user is with the application process. Source
For the first time ever, the U.S. Department of the Treasury is taking aim at bitcoin miners operating in Russia.