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Video: How fintech is changing consumer behaviour
FinTech
<p>How fintech is changing consumer behaviour from NexChange on Vimeo.</p>
Video: What's the next big thing in fintech? Big data, says James McKeogh, KPMG partner
FinTech
<p>What's the next big thing in fintech? Big data, says James McKeogh, KPMG partner from NexChange on Vimeo.</p>
Video: Incubator exec shares what she sees as the next big thing in fintech
FinTech
<p>Incubator exec shares what she sees as the next big thing in fintech from NexChange on Vimeo.</p>
Video: Big banks can make a big difference in fintech
FinTech
<p> Big banks can make a big difference in fintech from NexChange on Vimeo.</p>
Video: 'Robo advisor' is for technophobes
April Rudin, founder of The Rudin Group, explains why she thinks we should lose the term "robo advisor:"  Technology should be an advisor's best friend.
Video: How fintech is changing consumer behaviour
FinTech
<p>How fintech is changing consumer behaviour from NexChange on Vimeo.</p>
Video: Understanding the difference between fintech and techfin
FinTech
<p>Understanding the difference between Fintech and Techfin from NexChange on Vimeo.</p>
Video: Online advisors pose respectable challenge in comparison test
FinTech
<p>Looking for 'good, better, and best' among financial advisors -- online and offline from NexChange on Vimeo.</p>
Samsung red-faced with China hack on LoopPay
FinTech
<p>This week it was revealed that LoopPay, a US subsidiary of Samsung, was targeted by a group of government-affiliated Chinese hackers earlier in the year,</p> <p>The New York Times reports that the data breech by the so-called the Codoso Group, also called the Sunshock Group, was only discovered in August. It appears they were after LoopPay’s technology, known as magnetic secure transmission (MST).</p> <p>This is a big worry for Samsung which bought LoopPay in February for $250 million and had put its MST tech at the core of mobile payment service Samsung Pay.</p> <p>The hackers are said to have broken into LoopPay’s corporate network, but thankfullly not the system that manages payments. The breech was only found when an organization tracking the hackers unearthed LoopPay’s data during a separate investigation.</p> <p>Samsung and LoopPay have assured the public that the infected machines have been removed, that the service is uaffected, and that customer data is secure.  But the timing could not be worse. Samsung Pay launched in the U.S. just 38 days after LoopPay discovered the attack.</p> <p>Samsung Pay will now not only have to convince consumers of it advantages of its Google and Apple rivals, but will also need to reassure them of its security.<br /> Photo: Charles Roper<br /> &nbsp;</p> <p>&nbsp;</p>
US to put $11m of seized SilkRoad bitcoin under the hammer
FinTech
<p>Next month U.S. Marshals will auction off just over 44,000 bitcoins - worth $10.7 millon - seized after the arrest of SilkRoad founder Ross Ulbricht (AKA Dread Pirate Roberts) in 2013.</p> <p>SilkRoad was the darknet marketplace that gave bitcoin so much of its early notoriety. Bitcoin was used by SilkRoad visitors to trade in various contraband items, mostly drugs. The site generated $1.2 billion in revenue in just two years of operation.</p> <p>The sale, announced on U.S. Marshals site, will be in November, between 8 am and 2pm EST. The bitcoins will be sold in 21 blocks of 2000, plus an additional block of 2,341. Potential bidders are able register using a form available on the site. Bidders need to register by November 2 and winners are notified on November 6.</p> <p>In total, more than 144,000 bitcoins (then worth $122 million) were seizen from Ulbricht. The other 100,000 have been liquidated by the agency in two other public auctions.</p> <p>Photo: Antana</p> <p>&nbsp;</p>