News > FinTech

It Would Take 220 Years for S&P 500 to Match Bitcoin Gains
FinTech
Bitcoin has surged a lot – lets put that in an updated context of S&P 500 returns Starting a business is hard. It takes years of hard work and sleepless nights and once you’ve got the business off the ground, that’s only half the battle. Managing your enterprise on a day-to-day basis, making hard decisions and staving off bankruptcy is
Kevin O'Leary Wants to Teach Millennials How to Invest With Fintech, Even if He Loses Money Doing It
FinTech
The finance industry has been agonizing over how to get young people interested in financial products, especially fintech startups that have used venture capital funding to absorb the high customer acquisition costs. It takes a shark, however, to not sweat the CAC stuff. Kevin O’Leary, chairman of O’Shares ETF Investments and "Shark Tank" judge, is launching a fintech app. The
Video: The Most Exciting Sectors of Korean Fintech
FinTech, Video
Min Kim, chief strategy officer for the DAYLI Financial Group, talks to NexChange’s Andrew Work about what he feels are the most exciting – and exportable – parts of Korean fintech. Check it out. Fintech O2O: Min Kim, CSO, DAYLI Financial Group - Cryptocurrency, DLT, Blockchain from NexChange on Vimeo.
Is There a Major Shift Happening in Fintech Funding?
FinTech
We already know that there is a fluctuation happening in where funding for fintech is going, with London bringing in more money and New York less, but there also appears to be a big change happening in where the funding for fintech startups is coming from as well, as Business Insider reports. Business Insider notes that while venture capital firms invested
Blockchain Consortium R3 Scores Blockbuster $107 Million Series A Round
FinTech
It may have been dropped by some bulge bracket firms but distributed ledger company R3 CEV continues to find new admirers. The Wall Street Journal: R3 CEV, one of many firms trying to capitalize on the technology behind the digital currency bitcoin, said Tuesday that it had raised $107 million from a group of 40 global banks, including Citigroup Inc.
Solidware: What It Is, and How Its Machine Learning Solutions are Changing the Face of Korean Banking
FinTech
Sophie Eom, co-founder and CEO of Korean machine learning startup, Solidware – and a Forbes Asia 30 Under 30 – recently spoke with NexChange’s Andrew Work at the Fintech O2O Pitch and Panel Night and among other things, she shared how she started Solidware and how its machine learning solutions is helping Korean financial institutions become more profitable. Have a
Korea: Why Its Fintech Scene Is Set to Explode and Which of Its Sectors You Need to Keep an Eye On
FinTech, Video
Here’s something interesting. Michael Hong, president and CEO of Red Herring Inc., spoke with NexChange’s Andrew Work at the Fintech O2O event in Korea and among things, the former North Asia director for GE Capital talked about Korean fintech’s “inevitable” deregulation and its three must-watch fintech sectors. Check it out.
Is it Possible to Turn $100 Into $70 Million? It is If You Bought Bitcoin 7 Years Ago
FinTech
The price of the digital currency bitcoin hit a new all-time high on Monday of close to $2,200. As such, the lucky few (if any) who bought $100 worth of bitcoin seven years ago to the day at a cost of $0.003 cents each are now sitting on a vast fortune of more than $70 million. According to a CNBC
Westpac Wealth Scores Itself a Robo Adviser
FinTech
Rather than go through the hassle of developing its own robo-advisory platform, Aussie banking giant Westpac has partnered its wealth management arm with robo-advisor startup Ignition Wealth. According to Finews.Asia, Westpac Bank’s wealth management unit, BT Panorama, has teamed up with Ignition Wealth to provide compliance-friendly digital advice to investors, advisers, and accountants. The deal allows industry professionals to access
HSBC: Cashless Society Is Coming, It Is Just a Matter of When
FinTech
Watching megatrends form and grow is not only fascinating but for investors can be profitable. The trend towards a cashless society, or at least a cash-lite economy, is one such trend, a societal transformation that could have a profound impact. That trend is persisting and looking promising if not unstoppable. Bank research on the topic has been generally positive, touting