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Mobile banking explodes in London: research shows 38% ready for new technology
FinTech
According to new market research published today 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 finances. Research also highlights that 26% of Londoners would consider banking with a new generation of tech-savvy lenders known as challenger banks. The figure represents a five per
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
Huawei joins smartphone big league
FinTech
It's not all bad news for smartphone manufacturers. Huawei Technologies has become the first Chinese handset vendor to sell more than 100 million smartphones a year, posting a 44% jump in sales in 2015, reports the South China Morning Post. (paywall) This is despite a market slowdown that has caused Samsung to warn about a tough year ahead and Apple to cut production of
Samsung and MasterCard are bringing fintech to your fridge, but its just the start
FinTech
The internet of things (IoT) is reaching into all industries and financial technology is no exception. The melding of these two nascent sectors has given birth to a new partnership between South Korean conglomerate Samsung and credit card giant MasterCard and together the two firms are looking to make inroads into your fridge. In a statement, MasterCard revealed that it has
Do we now need to worry about insurance companies spying on us with drones?
FinTech
The fintech revolution in not just limited to software, algorithms, and online platforms. In insurance, firms are scrambling to get to grips with a different kind of gadgetry: drones. CB Insights reports that a growing number of the largest U.S. property insurers are seeking to use the aerial hardware to conduct inspections for underwriting and claims adjusting. AIG, Liberty Mutual, Allstate, and State Farm