News > FinTech

Equifax Reports 2.5 Million More Americans Were Impacted By Security Breach
FinTech
Equifax has completed its analysis into the major security breach it reported last month, concluding that 2.5 million more Americans were impacted by the hacking than initially estimated. The credit reporting agency, which had initially reported that 143 consumers had sensitive information compromised by the breach, is now putting the total at 145.5 million. It said in a statement that
Hong Kong: Asia's Rising Cryptocurrency Hub
FinTech
Singapore may be Asia’s eminent fintech hub, but as far as cryptocurrencies are concerned, it looks like Hong Kong is giving it a serious run for its money. According to the South China Morning Post, the Pearl of the Orient is fast becoming one of the world’s leading cryptocurrency hubs thanks to the recent barrage of Hong Kong-based ICOs. However,
No ICOs for You! Macau Regulator Bars Banks From Participating in Token Sales
FinTech
Hot on the heels of China’s crackdown on ICOs, the Monetary Authority of Macau (AMCM) has announced that banks and non-bank payment institutions are proibido from participating in coin sales and related activities. In a statement, the Macanese regulatory institution reminded financial institutions and related companies not to engage, “directly or indirectly,” in financial services connected to ICOs and cryptocurrencies:
SEC Charges Two ICOs With Defrauding Investors
FinTech
After already releasing a bulletin in July warning investors about the potential risks associated with initial coin offerings, the Securities and Exchange Commission may be getting closer to cracking down on token sales after it charged a businessman and two of his companies with defrauding investors through ICOs. In a statement announcing the charges, the SEC alleges that Maksim Zaslavskiy and two
From Visa to PayPal: Which Payment Sector Stocks Will Pay Off?
FinTech
The Buckingham Research Group has initiated bullish coverage of a handful of payment stocks Monday. Analyst Chris Brendler sees plenty of opportunities for investors to turn a profit in the payment space, and he said the rising tide in payments will lift a number of ships. Stocks To Own Brendler said Visa Inc (NYSE: V) and rival Mastercard Inc (NYSE: MA) are the two Buy-rated “stocks to own”
HKMA Unveils New Smart Banking Initiatives
FinTech
It looks like the Hong Kong Monetary Authority (HKMA) wants to take the nation's fintech game all the way up to 11. According to a press release, HKMA chief executive Norman Chan recently unveiled several smart banking initiatives aimed at boosting financial innovation in the former colony, an effort to prepare itself for a “new era of smart banking.” “The
An ICO Has Just Been Launched For a Wu-Tang Coin Because Why Not
FinTech
A pair of the most high-profile detractors of the cryptocurrency craze have recently dismissed bitcoin as "a fraud" (JPMorgan's Jamie Dimon) and "a bubble" (Bridgewater Associates' Ray Dalio). So we're going to assume this bit of news won't do anything to change their minds: An ICO was launched on Monday for the Wu-Tang Coin, as Bloomberg reports, with the goal
Jamie Dimon Doubles Down on His Bitcoin Attack
FinTech
Having already called bitcoin "a fraud," JPMorgan chief executive Jamie Dimon ramped up his attack on the cryptocurrency in an interview with CNBC on Friday, once again asserting that things are going to "end badly" for bitcoin and its investors. Dimon told CNBC that "these crypto things are kind of a novelty" that people think "are kind of neat."However, as
Ray Dalio Latest Finance Chief to Slam Bitcoin, Calling it 'A Bubble'
FinTech
A week after Jamie Dimon called bitcoin "a fraud," the founder of the world's largest hedge fund has leveled his own harsh take on the crypocurrency market. In an interview with CNBC's "Squawk Box" on Tuesday, Bridgewater Associate's Ray Dalio said bitcoin "is a highly speculative market" that is currently "a bubble." Central to his criticism of bitcoin is Dalio's
This App is Trying to Make Saving as Easy as Spending
FinTech
Imagine if saving was as easy as spending. This is what George Friedman and Erik Akterin had in mind when they co-founded Qapital, a banking app that helps users save money for specific goals using automated steps and commands. The idea behind this platform is to help people reach financial goals, like saving for a trip or a wedding, without them having