News > FinTech

Dubai's plan for payments via mobile number already seem a little dated
FinTech
The UAE is getting on the fintech payments bandwagon, and Dubai is now moving to allow its citizens to make payments via a mobile phone number. Finextra reports that the initiative is backed by the Dubai Smart Government (DSG) project and will see the technology of Quisk Middle East -- a cloud-based solution where a mobile phone number and secured PIN
Overwhelmed China regulators put a freeze on new internet finance startups
FinTech
China's internet finance space is red hot and growing at an unprecedented speed, so much that the regulators have now stopped new internet finance companies from registering just so they can keep up. Citing Chinese media sources, TechInAsia reports that Beijing, Shanghai, and Shenzhen have all stopped new internet finance companies from registering. That means all internet companies described in terms of
Londoners embrace mobile banking
FinTech
Evangelists for mobile banking often proselytize its potential in developing nations where under-banked populations can benefit from technology leapfrogging. But, countries where brick-and-mortar branches are long-established are also embracing the new faith. According to research published on Tuesday by City law firm Pinsent Masons, 38% of Londoners would welcome the opportunity to use new mobile banking payment services and apps to manage their
Where are people using Apple pay?
FinTech
In a new report, Phoenix Financial Services analyst Greg Weed looked at which retailers are participating in Apple Inc's Apple Pay digital wallet program and exactly how much their customers are using Apple Pay. The Phoenix study looked only at credit cards linked to Apple Pay and references a Credit Card Monitor survey of more than 9,000 credit card... Read
Blackrock investment signals there is hope for Square yet
FinTech
Since going public in November, things have been going rough for Square, the payments company started and led by Twitter CEO Jack Dorsey. It listed at a valuation well below its last private round of fundraising and then sunk even further soon after. The most recent round of global stock market turmoil has only made things worse, triggering a 13%
Bitcoin was the best performing currency of 2015, but what does it mean?
FinTech
After a turbulent year that saw markets riled, commodities plunge, and currencies wither against the dollar, many expected the greenback to come out as the top currency in 2015. Instead, the cryptocurrency Bitcoin is being heralded as the best performing currency. Does that mean everyone is poised to get on board with bitcoin? Not yet. On the face of it, Bitcoin
Microsoft is all about that BaaS
FinTech
It has been three months now since Microsoft teamed up with blockchain software firm ConSensys to launch a new blockchain-as-a-service (BaaS) on its cloud computing platform, Microsoft  Azure. The new platform is the tech giant's way of getting a head start on perhaps one of the most disruptive technologies to emerge since the dawn of the internet, and its ecosystem
London’s fintech startups are booming, securing $3.6 billion of VC funding in 2015
FinTech
The UK’s technology sector secured a record amount of venture capital funding in 2015, with London-based companies accounting for 63% of the total investments, reports FinBuzz. The figures, compiled by London & Partners for a press release published yesterday, 6 January, reveal a 70% increase on the already record figure of $2.1 billion that was raised in 2014. They also demonstrate
6 Things your business has that cybercriminals want
FinTech
The following article is excerpted from Under Attack: How To Protect Your Business and Your Bank Account From Fast-Growing, Ultra-Motivated and Highly Dangerous Cybercrime Rings, which will be published by CelebrityPress on January 14th, 2016. ***** Belief and opinion are the biggest hurdles in implementing effective security that can help prevent an attack by cybercriminals. I remember growing up and
The firm behind Alipay seeks $1.5B as it creeps closer to IPO.
FinTech
Ant Financial, the finance arm of e-commerce giant Alibaba that runs payments platform Alipay, could well be on its way to going public in 2016 as it seeks funds for a pre-IPO round. Bloomberg reports that it's looking to raise $1.5 billlion. This comes just months after it raised $4 billion in its first private round that was said to value the