News > FinTech

The United States of Startups: The most well-funded tech startup in every US state
FinTech
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
FinTech
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
FinTech
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
FinTech
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
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
Will Fintech kill the banks?
FinTech
Over the last few decades, big banks have benefited enormously from technological innovations and digitalisation. But will “distributed ledger” technology prove to be their undoing? A new report by an analyst at Citi suggests that one of most celebrated Fintech innovations of recent years could prove a double-edged sword for the big banks. The innovation in question is “distributed ledger”
Ten young role models for Europe’s bustling fintech industry
FinTech
With the publication of Forbes “30 under 30”, a series of portraits of 30 of Europe’s most successful young professionals in finance, Finbuzz takes a look at ten (more) extraordinary careers. Yesterday, we published a list of ten young finance professionals who have risen rapidly through the ranks of London-based and EU banks and investment funds. We noted that by
P2P lenders react to China's $7.6B Ponzi scandal
FinTech
The biggest victims of the RMB50 billion ($7.6 billion) Ponzi scam recently uncovered in China are, of course, the 900,000 investors who entrusted their money to peer-to-peer (P2P) lending platform Ezubao. But beyond that, many other P2P lenders will also suffer from the scandal. The full extent of the scam was only just uncovered this week – executives from Ezubao’s