News > FinTech

Singapore banks rush to support fintech startups
FinTech
Singapore’s banks are joining the fintech startup party with gusto. DBS has been in the forefront of the sponsorship of fledgling businesses, but the Lion City’s other two big lenders are also anxious not to miss out. UOB plans to provide seed money for 30 startups in return for a 6% stake in each, with the first batch of 10
Japan's government is now scrambling to boost fintech investment
FinTech
Big change is taking place in Japan. The Financial Times reports that for the first time since 1998, the government is looking to ease banking regulations. The changes will allow financial institutions to take larger stakes in fintech startups like Freee, the accounting software firm which closed its $38 million Series C round in December (Crunchbase). Why is this happening now?
4 ways technology has changed the financial services sector
FinTech
The emergence of new technologies has most certainly had an effect on business. For many industries, new technology has drastically changed enterprise operation and structure. The financial services industry has been largely affected by the digital age. Although new technologies and the shift toward the cloud has made things easier, and has allowed these companies to operate on a scale
How these 6 stock exchanges are getting on board with blockchain
FinTech
While bitcoin may have struggled to obtain universal admiration, there is a lot of love for the technology behind it: blockchain. As the financial services industry gets increasing excited about decentralized ledgers, these stock exchanges are taking a serious look at the way they can leverage the technology. Here's how: The Korea Exchange (South Korea). Earlier this week its was reported
The next big competitor for financial advisors? Mobile messaging services
FinTech
The wealth advisory industry has spent a lot of time fretting about robo advisors coming to eat their lunch. They ain’t seen nothing yet. If the likes of SnapChat and payment app Venmo join the wealth business – as has been rumored -- watch out. The competition could go from fierce to vicious. Broadly speaking, instant messaging services have become
Why JP Morgan thinks it's a 'tech company' (and why others don't)
FinTech
Banks are desperate to show that they are onboard and up-to-date with the financial sector's latest technology advancements, and none more so than JP Morgan Chase. Eager to express its zeal for fintech, the U.S. investment bank recently described itself as a technology firm. According to Business Insider, the comments came from CFO Marianne Lake during the bank's investor day last week.
Israel's fintech scene is flourishing
FinTech
Interested in getting involved in fintech? Check out the 2016 Benzinga Fintech Awards, the industry's premier awards show dedicated to innovation in finance. Learn more about attending or sponsoring this event here. Israel may seem like an unlikely place for a budding fintech community. It's mostly desert, and located in an area of the world not exactly known for its
Ways technology can make you a smarter investor
FinTech
Investing, while not always easy, can be made less daunting by way of technology. Heather Pelant offers tips on how you can blend online resources with professional advice to help you reach your financial destination. I was waiting at an airport recently with my family, and a 40-minute delay led all four of us to instinctively reach for a device
A new tool helps tackle tricky salary negotations
FinTech
Big-data platform Paysa provides market insight to ease the often awkward, sometimes emotional, conversations about compensation. Employees are usually in the dark about salaries other than their own. Even discussions with close friends and family members can get a little squirrely when paychecks are brought up. But it's tough to effectivelynegotiate either a raise or a new compensation package without
As the foreigners come in, China's payment platforms head out
FinTech
A mere week after Apple Pay made its first foray into China -- following South Korea's Samsung Pay -- one of its biggest potential Chinese rivals, WeChat Pay, is officially taking its platform global by launching support for overseas vendors. WeChat Pay's global expansion -- which was first reported in December -- will allow users to pay vendors in nine different foreign currencies