This 450-page report, a follow up to Deep Knowledge Analytics’ previous 2018 Q1 Financial Inclusion report timed to Q2 2018, provides a much deeper overview of the industry and government initiatives, and outlines projections and predictions on the future of financial inclusion and “FinTech for Social Good” in developing regions.
These include Artificial Intelligence, Bio-identification technologies as proof-of-identity mechanisms, and Blockchain-enabled infrastructures for secure and provable transactions.
The global unbanked represents the next wave of expansion in the financial industry, with 2 billion unbanked people globally, 2/3rds of which own mobile phones.
Thus, FinTech projects focusing on providing financial services through mobile apps represent an untapped blue ocean and the largest uncharted opportunity in the financial products and services industry.
Humaniq is focused on worldwide financial inclusion by providing access to global markets, greater opportunities, and novel financial solutions using repurposed technologies for those gaining exposure to financial services for the first time.
Nine fintech companies, some blockchain-related, have been authorized by the South Korean Financial Services Commission to operate in the regulatory financial sandbox
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BigTech vs. FinTech: Whom Financial Institutions Should Fear More?
While banks are afraid of the competition with FinTech startups, they forget about BigTech companies that can be really serious rivals for them, according to experts from Financial Stability Board.
Major South Korean Financial Holding Gets Blockchain Patent For Improved Fintech Security The KB Financial Group, a South Korean financial holding company, has recently received a patent for a new blockchain solution which consists in a a blockchain-based app for the security of fintech companies.
The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies.
Humaniq is a financial ecosystem built on blockchain, focused on simply and quickly connecting unbanked people to the global economy.
The post Humaniq Named One of Most Promising FinTech for Financial Inclusion Companies in Two Landmark Industry Analytical Reports appeared first on CoinSpeaker.
According to a report titled ‘Competition Issues in the Area of Financial Technology (FinTech),’ the European Union (EU) is concerned about a number of issues concerning the nature of competition in the cryptocurrency industry.
The massive interest in cryptocurrencies and financial technology solutions have helped an economic zone in northern Philippines generate robust revenues in the second quarter.
A recent report released by the Policy Department of the European Parliament explains how central bank-issued cryptocurrencies outcompete Bitcoin. EU Parliament Draws Up Battle Plans Against Bitcoin A recent report from the Policy Department of the European Parliament, titled Competition Issues in the Area of Financial Technology (FinTech), warns about some of the challenges Bitcoin will have to overcome.
The South Korean cryptocurrency ecosystem has achieved another feat in its journey towards legalization. The South Korean Financial Services Commission (FSC) has announced on July 17, 2018, via a press release that it would conduct an organizational reshuffle, in a bid to establish a body called Financial Information Bureau (FIB), to oversee the Fintech, big data and cryptocurrency sectors.
The South Korean cryptocurrency ecosystem has achieved another feat in its journey towards legalization. The South Korean Financial Services Commission (FSC) has announced on July 17, 2018, via a press release that it would conduct an organizational reshuffle, in a bid to establish a body called Financial Information Bureau (FIB), to oversee the Fintech, big data and cryptocurrency sectors.
According to a report titled ‘Competition Issues in the Area of Financial Technology (FinTech),’ the European Union (EU) is concerned about a number of issues concerning the nature of competition in the cryptocurrency industry.
A new report from an EU department shows that all is not well in the fintech sector as competition intensifies between traditional finance and crypto finance. The report prepared by the Police Department for Economic, Scientific, and Quality of Life Policies on the recommendation of the European Parliament Committee on Economic and Monetary Affairs (ECON).
Pearl Pay Fintech startup has announced the launch of its groundbreaking remittance system that would make it easier for Filipinos all over the globe to carry out remittances, seamlessly. Pearl Pay has been helping Micro, Small and Medium Enterprises to facilitate transactions with its innovative financial services.
Traditional financial institutions have begun to notice how cryptocurrencies are disrupting their market. Salvador Casquero, former JPMorgan Head of Scandinavian Interest Rates Trading and Head of FX Sales at BBVA, two of the largest banks in the world, has said that banks have officially lost the race of finance to crypto and rapidly emerging fintech […]
You know that major feature of blockchain technology? The one that cuts out the intermediaries and drives down the fees? Open banking is like fintech’s solution to that. If your bank is involved in open banking, it means that it’s part of a network of financial institutions.
Steve Bannon, in a conversation with CNBC, recently stated that he not only owns Bitcoin but refers to cryptocurrencies as “the future. ” Meanwhile, hedge fund billionaire Ken Griffin of Citadel Investment Group indicated his reticence to purchase cryptocurrencies.
South Korea’s Financial Services Commission (FSC) has revealed it is setting up a department dedicated primarily to cryptocurrencies and blockchain. The FSC said the new department – dubbed the Financial Innovation Bureau – will focus on developing policy-making initiatives for the domestic blockchain and fintech industry, The Korea Times reported on Thursday. The decision to set up the
The new fintech regulatory sandbox will look into activities of individual microlending while developing new alternatives for the traditional credit scores. On Wednesday, July 18, The Wall Street Journal announced that the U.
In the decentralized distributed ledger technology (DLT) world, fintech firms and individuals alike carry out financial transactions without third party involvements. Yet, it is becoming increasingly essential to have a highly efficient identity verification system to eradicate the menace of identity theft by bad actors.
In the decentralized distributed ledger technology (DLT) world, fintech firms and individuals alike carry out financial transactions without third party involvements. Yet, it is becoming increasingly essential to have a highly efficient identity verification system to eradicate the menace of identity theft by bad actors.
Singapore-based cryptocurrency exchange BITBOX, which is also a division of Japanese internet giant Line Corporation, is now up and running. Operations began on July 16, 2018, and services are available in roughly 15 different languages to traders of every country except Japan and the U.
The gap between the traditional financial system and the crypto economy in the UK will close, DAG Global CEO Sean Kiernan believes. “The UK is a major global financial hub and in recent years has become a fintech leader as well.
South Korea’s financial market watchdog considers reorganization seeking better consumer protection and proactive response to the latest fintech developments.
Following a bureaucratic overhaul, Japanese financial regulator the FSA has created a bureau to deal with fintech-related issues, including cryptocurrencies
Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments. The new entity – dubbed GMO Aozora Net Bank – aims to provide new financial services through the integration of fintech and IT, and will leverage advanced security certificates, blockchain, artificial intelligence and internet
The world-renowned Chartered Financial Analyst (CFA) Institute is adding blockchain and cryptocurrency curriculum to Level I and Level II of its three-phase examination.
The post CFA Institute Introducing Fintech Courses, says Crypto ‘Not a Fad’ appeared first on CryptoSlate.
Financial services mobile app Robinhood has added support a peer-to-peer digital currency called Dogecoin (DOGE) on its Robinhood Crypto Platform. As it was announced yesterday, the California-based fintech firm Robinhood would be listing Dogecoin (DO)GE) on its quickly growing feeless crypto mobile app.
The notoriously difficult Chartered Financial Analyst (CFA) Program exams are about to get that much tougher. Cryptocurrencies and blockchain will be part of a new CFA curriculum section dubbed “Fintech in Investment Management” alongside other topics in emerging financial technology such as artificial intelligence, machine learning and automated trading. CFA exams are said to attract
The Chartered Financial Analyst (CFA) Institute are adding cryptocurrency and blockchain topics to their 2019 exam. The subjects will form a new module called Fintech in Investment Management. Inclusion on the CFA Institute Exam Important for Public Perception of Crypto The CFA Institute have responded to growing demand for education on digital currencies and blockchain.
As the crypto market continues to meld into the realm of traditional finance, the Chartered Financial Analyst (CFA) Institute is taking notice — so much so that the organization is adding cryptocurrency and blockchain sections to its 2019 certification exams.
Hong Kong’s de facto central bank will launch its own blockchain trade finance solution with 21 banks in August, Financial Times (FT) reported Sunday, July 15. The joint venture between the Hong Kong Monetary Authority and Chinese company Ping An Group’s fintech subsidiary OneConnect aims to substantially reduce paperwork, costs security risks for participants, FT
Xalles Holdings Inc. and its wholly owned subsidiary, Amazing Living Enterprises Inc have teamed up to significantly change the Amazing Living Affiliate Program with the addition of a Stock Rewards Program.
Financial institutions around the world have shown an appetite for cryptocurrency services, though launching those features has been delayed somewhat. SolarisBank, one of Germany’s fintech firms with a banking license, is planning to introduce cryptocurrency banking solutions.
The financial market in Taiwan has just received a significant boost by the introduction of digital currency by Green world Fintech Services. The currency will rate equally with the Taiwanese dollar, and its creation is aimed at making online transactions easier, transparent and faster.
Crypto Coin Goes Green As Orientum Ready To Launch Orientum, the new cryptocurrency due to be listed on public exchanges is targeted at green energy and in particular plastic waste. Natchaphan Sonsirinun and Jiratchyuth Amyongka, creators of Orientum, say they using their knowledge and skills of several years in the fintech industry and financial markets, […]
Kasse is a secure virtual cryptocurrency vault that offers cold storage services that secure cryptocurrency wallets using the most advanced bank-grade security hardware. The main purpose of the hardware is to ensure that third parties cannot access, hold, or view the private keys stored within it.
Thanks to amendments that the government plans to make to the Banking Act, Bermuda is to become a new destination for fintech innovation. As it has been announced, the Government of Bermuda plans to make amendments to the Banking Act.
LONDON, United Kingdom – July 05, 2018 – London-based Fintech firm Humaniq today announced it has signed a memorandum of understanding with Rivetz, an industry leader in trusted computing and embedded cybersecurity.
Seventy-seven percent of Fintech companies expect to adopt blockchain technology as part of an in-house production system or process by 2020. The technology that has powered the world’s cryptocurrency explosion can also speed up many traditional financial transactions and make common processes more efficient and secure. One of the most promising use cases for blockchain
Money transfers have always been an expensive and slow process, especially when it comes to cross-border payments. Optherium Labs, a global Fintech company fully licensed in the EU, comes to change the story.
Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, is planning to work with regulators in Abu Dhabi to develop a cross-border trade finance system that is built with distributed ledger technology (DLT).
Lendingblock, an institutional platform for collateralized digital asset lending today has formed an official partnership with global fintech and crypto company QUOINE. The partnership will see the QUOINEX.
\Chain Accelerator has launched in France. It is the first startup acceleratordedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Technologies chairman Bibop G.
This article aims to highlight the reasons why the distributed ledger technology cannot revolutionize the financial world like cryptocurrencies do. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid? MichaelWuensch / Pixabay It’s hard to think of a subject matter causing more hype in the fintech world […]
The European Union (EU) has announced that it will host an online Ask Me Anything (AMA) session on June 18, 2018, at 6 p. m. CEST. The event, organized and hosted by the European Blockchain Observatory and Forum of the EU, will last for 90 minutes and cover blockchain technologies with in-depth explanations, interactive discussions with panelists and public questions answered live.
Dublin, the Irish capital is the city where the world’s technology experts are headed for a Web Summit, MoneyConf. The increase in the number of attendees this year to a massive 5,000 from over 84 countries, is an indication of the growth of this city as the financial technology capital.
Crypto and fintech conference MoneyConf in Dublin, Ireland continues today, June 13th, with a live-stream from Cointelegraph available to watch here. With crypto-assets, he said, you can “tokenize your house, car or art,” and establish open global financial relationships around any physical property.
The report concentrates on real-world research from low- and middle-income countries and untangles questions of inclusiveness, trust and functionality.
Unbanked people could lead the world to a bankless society. Blockchain is the movement behind this idea, and it is already underway.
The post Unbanked: A Revolution is Coming for People Outside the Banking System appeared first on BeInCrypto.
A recent market report by Localbitcoins suggests that traders or holders under the age of 34 are driving crypto volumes in Egypt. This rise in Egyptian crypto transactions is evidenced by P2P data which shows the crypto asset’s weekly traded volumes averaging $205,000 in much of Q1 of 2021. The Premium on BTC In addition […]
