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We may never find out who ‘Satoshi Nakamoto’ is
This week Dr. Craig Wright, the Australian who claims to be the pseudonymous bitcoin founder Satoshi Nakamoto, has reneged on his promise to provide proof that he invented the cryptocurrency. The reason? He isn’t up to it emotionally. In his final blog – which acts as a bizarre farewell-cum-mea culpa -- he states: I believed that I could do this.
Robo-advisor technology may outlast robo-advisors
It is almost universally accepted that the future of finance belongs to robo-advisors but recent developments have challenged that idea. While startups like Betterment and Wealthfront have been good at grabbing headlines, the same cannot be said when it comes to market share. This is largely thanks to the competing services being launched industry incumbents. reports: "[...] In the year since established
Security vs. UX: How to reconcile one of the biggest challenges in interface design
Data breaches can be prevented. And good design can help. Data breaches are an unfortunate reality of doing business today. But they are avoidable. A whopping eight of out 10 of enterprise data breaches can be traced to human error. That's not just a matter of careless users. That's a design problem. As designers, our job is to be the users'
This new kind of credit score is all based on how you use your cell phone
In the developing world, where it can be hard to build good credit, banks are finding new ways to tell if people are too risky for loans. When you apply for a credit card or a loan in the United States, most banks and retailers will turn to one of the three major credit reporting agencies—Equifax, Transunion, or Experian—to get
Former marine and JP Morgan investment banker to head fintech hub
Former marine and  CEO of the innovation gateway team at UK Trade and Investment, Ben Brabyn, has been appointed as the head of Level39. Ben Brabyn will replace Eric van der Kleij at the One Canada Square – based company. The entrepreneur brings the wealth of experience of online payments, cyber and social eCommerce which is expected to strengthen the
Tech babble: 3 tips for fintech founders communicating to the world (and to regulators)
From digital wallets, to peer-to-peer lending, to blockchain, fintech is an industry full of new and disruptive ideas. But its complexity means that it's also often misunderstood. This can be major problem for founders who need to explain their technology to clients, investors, and regulators. Talking to regulators, in particular, is becoming increasingly important for fintech entrepreneurs. While many regulators
Is fintech – finally – gaining ground?
Technology is changing the global financial system so rapidly, the World Economic Forum recently noted, that there is an “urgent need” to set standards and develop regulations. While the “use of technology in finance is not new, nor are many of the products and services that are offered by new entrants to the sector,” the group pointed out, “it is
This fintech startup is using a neat trick from the restaurant trade to attract users
Sometimes the best way to attract new customers is to give something away first. For example, restaurants are often happy bear the cost of offering customers free refills of rice or salad if it means getting people through the door. Online stock trading platform 8 Securities has taken this idea and ran with it. The free bowl of rice in this case
Are robots displacing humans in finance? It's not that simple
A common claim that comes at the crossroads of technology and finance is that eventually most people will be replaced by machines. It's not a matter of 'if', it's a matter of 'when'. But is it that simple? Inevitably, the topic of robots vs humans came up during a panel discussion in an event hosted by the Hong Kong Computer
IBM's Watson goes from Jeopardy champion to fintech solution
Watson -- IBM's artificial intelligence (AI) which wowed the world when it won U.S. quiz show Jeopardy! in 2011 -- is now being touted as the next big thing in fintech. Speaking at the Cyberport FinTech Idea Jam on Saturday, Daniel Leung -- IBM's business technology solutions manager for Greater China -- said its current applications in financial services already spanned robo-advisory and