The Intellectual Property Office of Singapore (IPOS) has launched a new initiative to fast track Fintech patents; typically a patent...
Deloitte has identified the need for developing auditing standards for blockchain as the technology becomes increasingly tested and utilized across all industries; the firm has checked blockchain protocols and applications against professional auditing standards in a project that audited an internally developed loyalty points blockchain application on a permissioned Ethereum network; the firm is currently seeking to be a market leader in defining how an auditor can provide audited assurance of blockchain applications. Source
In this episode, we talk with Lex Sokolin, founder of the Fintech Blueprint newsletter and podcast, where we discuss the hottest topics in fintech such as decentralized finance, AI, payments innovation, self-driving money and more.
The $150 million securitization of HELOCs is being billed as the first transaction where all aspects were managed on the...
As more banks start utilizing new technologies like artificial intelligence and blockchain current employees are beginning to worry about their future; Lyn Hall-Fore, U.S. director of BSA/AML compliance tells American Banker, “We told them, this is to make your job easier and better and give you more capacity to think, but still meet your production quotas”; finding the right balance will be a struggle as banks continue to innovate. Source
We often hear about all of the applications of blockchain technology in financial services, but there are very few solutions...
Nearshore Systems announced two online lending platform development partnerships at LendIt USA 2017; the software engineering firm was chosen by Dianrong to support the efforts of the firm's new blockchain-based solution; Nearshore was also selected by US-based Hijro to support the development of the firm's trade finance platform built on distributed ledger technology. Source
Join LendIt for a webinar about blockchain technology and how it can streamline operations for wealth managers and insurance back office operations; register here for the August 14 webinar at 2:00 PM EST; presenters include Jayant Khadilkar, global head of analytics and technology at Tiger Risk, and Ryan Rugg, business development at R3. Source
As consumers reel from yet another massive data hack, this time of Equifax, fintech leaders are looking to solve the problem to prevent future hacks from happening; Chris Skinner offers up a couple of solutions that corporates and financial services firms should implement; biometrics & touchID, though these are not hack proof, and blockchain technology; he points out the power and security of the blockchain in helping to keep personal data secure. Source.
This week’s WeiyangX’s Fintech Review in Crowdfund Insider covers a Reform plan by China to combine the China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC) into one entity; Ant Financial struck an agreement with Pakistan’s Telenor Group to acquire 45 percent of Telenor Microcredit Bank for more than $184mn; JD Finance is raising more than $2bn for license acquisition, research and marketing; China is also looking to establish a standardization committee for uses of blockchain technology. Source.