Shuttle Holdings is preparing to launch a beta custody solution for digital assets...
News Roundup
This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.
Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.
Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.
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Technology conglomerate IBM has launched a new set of developer tools for the financial services industry; the IBM Cloud for Financial Services platform will be directed by IBM InterConnect and will provide building blocks for financial services apps built on the IBM Cloud; the platform will target 100,000 individual and enterprise developers with APIs, data and content for financial services apps that can quickly scale to service fintechs, banks, wealth management firms and insurance companies; with the launch, IBM also announced a Singapore Fintech Hub, developed with support from the Singapore central bank, that will plug in to IBM's new Cloud for Financial Services platform and accelerate fintech growth in Singapore and Southeast Asia; across the world, IBM will integrate the new offerings of IBM Cloud for Financial Services at IBM's Business Partner Solution Hubs. Source
IBM announced a partnership with Stellar.org and KlickEx Group to help small businesses in underdeveloped countries participate in global trade; the partnership will focus on financial transactions across borders and currencies; this will allow businesses in these areas to get access to IBM’s scale and bank partnership network. Source.
IBM Watson will be further expanding in financial services by partnering with H&R Block's 70,000 tax professionals at 10,000 locations; Watson has learned 74,000 pages of tax code through its natural language processing capability and will be able to help tax professionals at H&R Block's branches; the new services have been tested at 100 locations and will begin being used in February; overall, IBM plans to market Watson as a business service solution with its capabilities offered to consumers through innovative business partnerships. Source
Instant buying or iBuying is starting to shake up certain real estate...
The current crisis is testing a lot of industries and iBuying has...
iCapital Network is a fintech platform serving the asset and wealth management...
The Independent Community Bankers of America (ICBA) is lobbying Congress to block...
Initial coin offerings (ICOs) raised $550 million in June, surpassing the angel and early stage venture capital fundraising for internet businesses globally; several factors could potentially slow the fundraising trend including security issues and a report from the Securities and Exchange Commission; despite some new challenges, ICO fundraising data shows the offerings also ahead of angel and early stage funding in July. Source
A lot of the significant investment in ICOs has come from people who have made millions in bitcoin and need to diversify; Business Insider sat down with Lightspeed Venture Partners investor Jeremy Liew and Blockchain founder/CEO Peter Smith to discuss the ICO market and why so much money has flooded into these startups; the discussion also touched on the recent Chinese crackdown on ICOs which has driven the price of Bitcoin down and the need to diversify looks to be more important than ever. Source