An article in Bank Innovation explores whether Google’s mobile expansion points to larger fintech ambitions for the company; their Indian mobile payments app called Tez showed growth in the quarter and many companies are moving to Google Cloud including PayPal; Google also opened a payment API in Brazil and is also focusing on partnerships with retailers and merchants. Source
Chris Skinner explores quantum computing in a recent blog post; recently scientists found a quantum computer to be 100 million times faster than conventional computers; quantum internet will also have a big impact as it uses quantum signals instead of radiowaves to transmit information; Skinner writes that, “This is important in banking because it could displace blockchain, ledger and digital identity developments within a decade. This is because the quantum internet would excel at sending information securely through what is known as quantum encryption.” Source
[Editor’s note: Bo Brustkern is Co-Founder and CEO of LendIt Fintech and Co-Founder of Lend Core, which operates NSR Invest...
The list covers all industries, but includes the fastest growing financial services businesses in Europe; TransferWise came in at #24, reporting 3,392% revenue growth from 2013-2016; the company hired 670 people over the same time period. Source
Uber is working towards offering more financial products hiring dozens of employees in New York; sources say that the team...
American Banker outlines Amazon’s current offerings in financial services and the recent rumors around new products including checking accounts, small business credit cards and mortgages. Source
American Banker shares several blockchain projects underway in financial services; Includes JPMorgan Chase’s open source ledger Quoram and initiatives from Northern Trust, ING and the DTCC; while there is a lot of interest in blockchain technology many initiatives aren’t in production; various perspectives are shared in the piece as to why adoption hasn’t taken off. Source
Bo Brustkern, the CEO of LendIt Fintech and Co-Founder of NSR Invest shares his thoughts on the future of financial services. Source
According to Bloomberg, Fed Vice Chairman Randal Quarles is concerned about tech companies providing financial services; while no moves have...
The World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) recently published a report targeting one specific area...