News > FinTech, Financial Services

Virtual Banks a ‘Major Threat’ to HSBC’s Dominance in Hong Kong
Hong Kong’s most dominant bank may have some tough times ahead. According to the Financial Times, HSBC’s supremacy in Hong Kong could soon be put to the test, thanks to the former colony’s eight upcoming virtual banks. Analysts say that while there’s very little chance the bank would lose significant deposits to the upstarts, it’s profit margins are a different
The 2019 Fixed Income Leaders Summit in Hong Kong
Are you wondering how buyside fixed income heads are responding to recent political and regulatory changes? Are you curious about where we are on bond connect? Or the inclusion of China into global bond indices? The 2019 Fixed Income Leaders Summit in Hong Kong aims to answer those questions and more. This two-day event – organized by WBR Singapore –
Crowdfunding Is The Latest Theme To Get An ETF
In the burgeoning world of thematic exchange traded funds, several funds offer exposure to the fast-growing fintech universe. That group grew Thursday with the launch of the Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF NYSELEND. Read more at Benzinga. Photo: iStock
SoftBank Pumps $800M in British Fintech Firm Greensill
Masa sure doesn’t mess around when it comes to investment size. Bloomberg: SoftBank Vision Fund is injecting $800 million into U.K. fintech Greensill, according to a person familiar with the matter. The investment values Greensill, which provides alternative supply chain funding to companies, at $3.5 billion, the person said. That’s more than double the level of almost a year ago,
Top 10 Most Innovative Companies: No Apple, Google, Microsoft
jarmoluk / Pixabay Whenever we talk about the most innovative companies, technology giants such as Apple, Google-parent Alphabet, Microsoft, and Amazon tend to dominate the list. According to the latest ranking compiled by Boston Consulting Group, Google, Amazon, Apple, Microsoft, and Samsung occupied the top five slots, in that order. However, none of these giants could make it to Fast
YieldStreet Acquires Athena Art Finance From Carlyle Group, Co-Investors
Digital wealth management platform YieldStreet announced the acquisition Wednesday of Athena Art Finance from the Carlyle Group CG in a $170-million deal. What Happened Athena provides art dealers, art galleries and collectors access to tailored financing alternatives that are secured by fine art, according to YieldStreet. The company has originated more than $225 million in loans since the business started in
How IBM Watson Plays in the Fintech Space
Benzinga's Fintech Focus Podcast features conversations with the biggest names in fintech. Subscribe to the Fintech Focus newsletter to get a roundup of industry news delivered to your inbox weekly, and check out upcoming programming at Benzinga events. The Fintech Focus podcast takes a look at the burgeoning world of fintech—as per usual—but through another lens. Typically, when people think
Amazon Invests in a Hot Self-Driving Startup
It was really only a matter of time before Amazon eventually entered the autonomous driving space. Having already entered the retail grocery market, the pharmaceutical industry and healthcare - in addition to conquering bookselling, movie streaming and a lot of other things we're probably forgetting - the e-commerce giant has joined Sequoia Capital in a $530-million Series B round for
Why the Culture of Cybersecurity is Broken–and How to Fix It
Last year saw some of the largest security breakdowns of all time. Half a billion Marriott Starwood customers had their personal data compromised. More than 100 U.S. university research programs had valuable intellectual property stolen. Ransomware attacks disrupted municipal services in Atlanta and Baltimore. In the midst of these spectacular failures, spending on cybersecurity exceeded $80 billion in 2018, more
Alphabet’s Jigsaw Extends its Cyber Protections to Europe’s Upcoming Elections
Jigsaw, the Alphabet unit that aims to make the world safer through technology, is expanding its Project Shield technology that protects against distributed denial of services attacks to European political organizations, campaigns, and candidates, the company said Tuesday. Project Shield already defends news and human rights organizations against the attacks, which overwhelm servers with bogus traffic so legitimate requests can’t