News > FinTech

Samsung May Bring Samsung Pay to Rival Smartphones
FinTech
Here’s an interesting move. According to Gadgets 360, the South Korean electronics juggernaut Samsung may bring Samsung Pay to non-Samsung smartphones: After bringing Samsung Pay to non-premium smartphones in its portfolio, Samsung now has bigger ambitions for its mobile payments platform: ubiquitous presence. The top Android smartphone seller has held internal talks within the company and with OEMs about bringing
Bitcoin: Coming Soon to a Visa Card Near You
FinTech
They’re not “just for drug lords” anymore – according to Bloomberg, an enterprising Singapore-based startup is looking to bring digital currencies into “the real world.” A recurring challenge for bitcoin and other cryptocurrencies is how to make them work in the real world. A Singapore-based startup says the answer is its Visa card. TenX is pitching its debit card as
Report: Global VC-Backed Fintech Funding Set For Record High in '17
FinTech
After a sluggish Q1, global venture capital-backed funding of fintech companies rebounded to the tune of of $5.2 billion raised across 251 deals in the second quarter, according to the latest report from data provider CB Insights. In fact, CB Insights notes that global VC-backed investments in fintech companies are on pace to rise 19% from 2016, which would surpass the
Investment in British Fintech Surges past Pre-Brexit Levels
FinTech
Despite worries to the contrary, fintech investors are still flocking to post-Brexit U.K. Reuters: Over half a billion dollars were poured into British financial technology companies in the first half of 2017, over a third more than the same period last year, trade body Innovate Finance said on Wednesday, in the latest sign the fast-growing sector is so far weathering
Battling Billionaires: Elon Musk Says Mark Zuckerberg's Knowledge of AI Threat is 'Limited'
FinTech
Gentlemen, start your egos. Elon Musk believes the greatest threat to humanity is artificial intelligence, while Mark Zuckerberg thinks the CEO of Tesla Inc (NASDAQ: TSLA) is being irresponsible for hammering away at “doomsday scenarios.” So, what are two dueling tech billionaires to do? Hash it out on social media, naturally. The unusual public quarrel kicked off on Sunday, when Facebook Inc (NASDAQ: FB) CEO Zuckerberg took questions
This App Wants to Relieve Americans' Medical Debt
FinTech
What if filing your insurance claims was as easy as snapping a photo? That’s precisely what Better, a new app for for filing out-of-network health insurance claims, professes to do. Launched in June, the startup promises just a few simple steps: Visit a doctor, pay the bill, take a photo of the gibberish that is your bill, then let Better handle the entire
Ant Financial Backs Chinese Fintech Startup VFinance
FinTech
Ant Financial, Alibaba’s $60 billion financial services unit, has made a strategic investment in VFinance , according to China Money Network. Founded in 2013, VFinance was thought up by Yu Qianghua after an unpleasant experience at a bank. As Technode reports, Yu saw how bad the bank’s counter communicated with the staff, so he sought to build “a special financial channel
Hackers Stole About $32M in Ethereum Tokens This Week
FinTech
Hackers stole more than 150,000 ethereum tokens on Wednesday, worth about $32 million, CNBC reports. The theft included 44,055 tokens taken from Swarm City, a decentralized commerce platform. Matthew Carano, a communications officer for Swarm City, addressed the cyber crime in a blog post on Wednesday. At approximately 12:30 PM ET Bernd Lapp, Business Hive leader noticed that the entire contents
Bitcoin Surges as Divided Developer Factions Near a Truce
FinTech
Bitcoin surged more than 15 percent on Thursday to its highest level in four weeks after digital currency developers indicated they've neared an agreement that would avoid splitting the cryptocurrency in two, as CNBC reports. The two factions of digital currency developers have been split on the issue of scaling the coin between those who want bitcoin to be more
Hong Kong's First Eastern Plans Big Bets on Fintech
FinTech
The First Eastern Investment Group, a Hong Kong-based private equity and venture capital heavy, is reportedly mulling a big push into Hong Kong and Chinese fintech, according to the SCMP. The group’s CEO, Victor Chu, said that he expects his firm to invest in at least 10 Hong Kong and mainland fintech companies within the year. Why? Traditionally, the firm