News > FinTech

Say thank-you to these fintechs. They are making it possible to buy pot legally in the US
As legalization spreads across the U.S., marijuana is becoming big business. Startups keen to capitalize on cannabis have sprouted up all over the country and the plant's popularity as a medicinal aid and a recreational drug is growing. But it's not an easy business. While some states now tolerate the trade, the same can not be said of the many banking institutions
Apple Pay branches into China this week -- finally
So, Apple is rumoured to be launching its Apple Pay service in China this week. According to Tech In Asia, news of the launch was leaked by China Guangfa Bank via its WeChat account. China Guangfa -- one of the several banks with UnionPay cards that have teamed up with Apple -- says the new service will launch on Thursday,
Ethereum is not a cryptocurrency and five other fun facts
As the focus shifts more to blockchain, bitcoin is starting to look more like a flash in the pan. Not only has the price of bitcoin stumbled since the beginning of the year, but disagreements over the cryptocurrency's future has led to some of its major developers walking away from the project. Interest, it seems, is waning. The same cannot be
The United States of Startups: The most well-funded tech startup in every US state
The tech boom has diffused beyond the traditional hotbeds in California, New York, and Massachusetts, across the the entire United States. Other states are home to well-funded and well-known startups, including Jet (New Jersey), LivingSocial (DC), and sports e-commerce company Fanatics (Florida). The less well-known include Minnesota-based Code42 Software, which has raised $137.5M in equity funding to date. Using CB Insights data, we analyzed the most well-funded
New bitcoin rival currency will offer more anonymity, say its creators
The currency, now in alpha testing, will deploy mathematical techniques that let users keep transaction parties and amounts encrypted. Digital currencies like bitcoin are touted for their anonymity. But in practice, it can be possible to trace transactions across the shared bitcoin ledger known as the blockchain and figure out who's sending bitcoin to whom. The creators of a new
Video: Former CFTC official says US ahead on regulatory reform vs overseas peers
Former CFTC Commission Bart Chilton tells NexChange that the Dodd-Frank reform is about 70% complete -- putting it ahead of European and Asian regulators implementing new rules to make the financial community safer. Chilton shared his insights during a recent LaunchTalks panel on regulation and fintechs. Disclosure: Bart Chilton is a senior advisor to NexChange.
Battle for China’s payments market heats up as UnionPay faces something new: competition
China’s payments industry is preparing for an arms race, according to recent research by a leading investment bank. The combatants are the incumbent China UnionPay and the challengers are Alipay and Wexin Pay who will square up for dominance in the non-cash merchandise payment market, argues Jeffries in a recent client note. At present UnionPay is the only interbank network in China, so
5 must-have apps for market technicians
Trading the stock market can be extremely challenging and frustrating at times. However, there’s no question that there is a nearly unlimited financial opportunity on a daily basis for traders who consistently make the right calls at the right time. To come out on top, traders need the resources and wherewithal to compete with the best minds (and algorithms) in
PayPal wins the battle of the fintech Super Bowl ads
FinTech, Video
New fintech player SoFi spent $5 million for a 30-second Super Bowl spot, and it fell flat. The ad for the San Francisco-based lending startup cost 20% of its annual budget. But after watching the ad, the only thing we knew was that despite our moms thinking we're "great," we may not be. The ad ends with a quick "great loans
7 fintech startups to watch in 2016
Fintech had a big year in 2015 and it’s showing no signs of slowing down. Here’s a look at seven fintech startups that could be making an even bigger splash in 2016. Advizr Advizr offers robust financial planning software and automated advice delivery to its customers. The company is opening the door to real-time world-class financial planning for clients of