FinTech Is Not Dying; It Is Evolving

  • Looking at the stock from large online lending companies like Lending Club or OnDeck, one can imagine how failed earning projections and scandal after public scandal would shake the confidence of even the most savvy investment group.
  • Big banks are unabashedly against the online lending industry because they cannot control the flow of money and the exodus of customers no longer entering brick and mortar branches leaves ghost branches totally void of borrowers.
  • Even as banks struggle with their own credibility and relevance, they still carry a big stick, lobby for regulation, and create obstacles for the online lenders at every corner.
  • The evolutionary idea of NOT collecting personal information at the point of customer entry helps banks bypass the fear of litigation because they are not obtaining personal information from a 3rd party site.
  • Apply the Google Model to online lending and you have a crazy, yet evolutionary idea that brings in a fast adoption rate.

FinTech was once the hottest new industry in the world but now, on its face, appears to be cooling down. Looking at the stock from large online lending c…
Continue reading “FinTech Is Not Dying; It Is Evolving”

FinTech Is Not Dying; It Is Evolving

  • Looking at the stock from large online lending companies like Lending Club or OnDeck, one can imagine how failed earning projections and scandal after public scandal would shake the confidence of even the most savvy investment group.
  • Big banks are unabashedly against the online lending industry because they cannot control the flow of money and the exodus of customers no longer entering brick and mortar branches leaves ghost branches totally void of borrowers.
  • Even as banks struggle with their own credibility and relevance, they still carry a big stick, lobby for regulation, and create obstacles for the online lenders at every corner.
  • The evolutionary idea of NOT collecting personal information at the point of customer entry helps banks bypass the fear of litigation because they are not obtaining personal information from a 3rd party site.
  • Apply the Google Model to online lending and you have a crazy, yet evolutionary idea that brings in a fast adoption rate.

FinTech was once the hottest new industry in the world but now, on its face, appears to be cooling down. Looking at the stock from large online lending c…
Continue reading “FinTech Is Not Dying; It Is Evolving”

Bitcoin firm gets approval to operate in Switzerland

  • Bitcoin firm gets approval to operate in Switzerland
  • While other crypto-currency firms already operate in Switzerland, Xapo’s operation as a bitcoin wallet provider had raised questions over whether it required a banking license.
  • The approval depended on several factors, including membership of a “self-regulatory organization”, Casares said, but added that the company was optimistic of meeting the conditions and being able to serve non-U.S. customers from Switzerland.
  • ZURICH (Reuters) – Bitcoin wallet provider Xapo said it has received conditional approval from Switzerland’s financial market watchdog to operate in the country in a regulatory breakthrough for companies that provide safekeeping for the virtual currency.
  • Bitcoin Suisse operates a network of bitcoin ATMs across the country, as well as an online and in-person brokerage for buying and selling bitcoins.

By Brenna Hughes Neghaiwi ZURICH (Reuters) – Bitcoin wallet provider Xapo said it has received conditional approval from Switzerland’s financial market watchdog to operate in the country in a regulatory breakthrough for companies that provide safekeeping for the virtual currency. “After almost
Continue reading “Bitcoin firm gets approval to operate in Switzerland”

Bitcoin firm gets approval to operate in Switzerland

  • Bitcoin firm gets approval to operate in Switzerland
  • While other crypto-currency firms already operate in Switzerland, Xapo’s operation as a bitcoin wallet provider had raised questions over whether it required a banking license.
  • Bitcoin Suisse operates a network of bitcoin ATMs across the country, as well as an online and in-person brokerage for buying and selling bitcoins.
  • Olga Feldmeier, a former managing partner of Xapo who coordinated the Swiss licensing process for the company, told Reuters that Xapo had been designated a financial intermediary, meaning it will not require a costly banking license.
  • The approval depended on several factors, including membership of a “self-regulatory organization”, Casares said, but added that the company was optimistic of meeting the conditions and being able to serve non-U.S. customers from Switzerland.

Bitcoin wallet provider Xapo said it has received conditional approval from Switzerland’s financial market watchdog to operate in the country in a regulatory breakthrough for companies that provide safekeeping for the virtual currency. “After almost two years of substantial effort and investment
Continue reading “Bitcoin firm gets approval to operate in Switzerland”

Bitcoin firm gets approval to operate in Switzerland

  • President Trump signed a pair of executive orders on Wednesday stepping up immigration enforcement efforts and calling for “the immediate construction of a physical wall on the southern border.”
  • When Donald Trump took the oath of office to become the 45th President of the United States, he also gained access to the official @POTUS Twitter account.
  • President Trump’ Twitter War of Words With Mexico
  • The @FLOTUS account belonging to Melania Trump, @PressSec account handed to press secretary Sean Spicer and @VP account held by Vice President Mike Pence all were registered to private emails accounts.
  • Trump orders construction of border wall and dramatic measures to block illegal immigration

By Brenna Hughes Neghaiwi ZURICH (Reuters) – Bitcoin wallet provider Xapo said it has received conditional approval from Switzerland’s financial market watchdog to operate in the country in a regulatory breakthrough for companies that provide safekeeping for the virtual currency. “After almost
Continue reading “Bitcoin firm gets approval to operate in Switzerland”

Where Finance and Technology Come Together

Where #Finance and #Technology Come Together  #fintech #brexit #bitcoin  #FintechFinance

  • “Everybody recognizes that the capital of fintech has to be determined,” said Mr. Larsen, who founded the fintech companies Prosper and E-Loan.
  • The city’s minister of the economy and technology wrote a letter to dozens of fintech companies in London pitching Berlin as a better option.
  • Berlin Partner, a government-financed agency leading the city’s effort, opened a small office in London in September to court fintech companies full time.
  • Hong Kong has lots of competition from Singapore, which recently started its own aggressive effort to become a capital of fintech.
  • Several cities around the world are competing to become the capital, or at least one of the regional capitals, of fintech.

The new industry mixing finance and technology has no clear capital, but major international cities and lesser ones are vying to attract companies.
Continue reading “Where Finance and Technology Come Together”

LATTICE80, the World’s Largest Fintech Hub to be Launched in Singapore

  • LATTICE80, the World’s Largest Fintech Hub to be Launched in Singapore
  • LATTICE80 has been working closely with the Monetary Authority of Singapore (MAS) **
  • SINGAPORE, Sept. 21, 2016 /PRNewswire/ — Marvelstone Group is set to launch the world’s largest Fintech Hub (over 30,000 sq ft) in early November.
  • ** A not-for-profit initiative led by Marvelstone Group
  • Financial technology is one of the most important components of a Smart Nation, and can serve to power further innovation.

SINGAPORE, Sept. 21, 2016 /PRNewswire/ — Marvelstone Group is set to launch the world’s largest Fintech Hub (over 30,000 sq ft) in early November. LATTICE80 is located in the Central Business District (CBD), close to the key financial institutions, stock exchange and the regulators – the same institutions
Continue reading “LATTICE80, the World’s Largest Fintech Hub to be Launched in Singapore”