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Microsoft is all about that BaaS
FinTech
It has been three months now since Microsoft teamed up with blockchain software firm ConSensys to launch a new blockchain-as-a-service (BaaS) on its cloud computing platform, Microsoft  Azure. The new platform is the tech giant's way of getting a head start on perhaps one of the most disruptive technologies to emerge since the dawn of the internet, and its ecosystem
London’s fintech startups are booming, securing $3.6 billion of VC funding in 2015
FinTech
The UK’s technology sector secured a record amount of venture capital funding in 2015, with London-based companies accounting for 63% of the total investments, reports FinBuzz. The figures, compiled by London & Partners for a press release published yesterday, 6 January, reveal a 70% increase on the already record figure of $2.1 billion that was raised in 2014. They also demonstrate
6 Things your business has that cybercriminals want
FinTech
The following article is excerpted from Under Attack: How To Protect Your Business and Your Bank Account From Fast-Growing, Ultra-Motivated and Highly Dangerous Cybercrime Rings, which will be published by CelebrityPress on January 14th, 2016. ***** Belief and opinion are the biggest hurdles in implementing effective security that can help prevent an attack by cybercriminals. I remember growing up and
The firm behind Alipay seeks $1.5B as it creeps closer to IPO.
FinTech
Ant Financial, the finance arm of e-commerce giant Alibaba that runs payments platform Alipay, could well be on its way to going public in 2016 as it seeks funds for a pre-IPO round. Bloomberg reports that it's looking to raise $1.5 billlion. This comes just months after it raised $4 billion in its first private round that was said to value the
Huawei joins smartphone big league
FinTech
It's not all bad news for smartphone manufacturers. Huawei Technologies has become the first Chinese handset vendor to sell more than 100 million smartphones a year, posting a 44% jump in sales in 2015, reports the South China Morning Post. (paywall) This is despite a market slowdown that has caused Samsung to warn about a tough year ahead and Apple to cut production of
Samsung and MasterCard are bringing fintech to your fridge, but its just the start
FinTech
The internet of things (IoT) is reaching into all industries and financial technology is no exception. The melding of these two nascent sectors has given birth to a new partnership between South Korean conglomerate Samsung and credit card giant MasterCard and together the two firms are looking to make inroads into your fridge. In a statement, MasterCard revealed that it has
Do we now need to worry about insurance companies spying on us with drones?
FinTech
The fintech revolution in not just limited to software, algorithms, and online platforms. In insurance, firms are scrambling to get to grips with a different kind of gadgetry: drones. CB Insights reports that a growing number of the largest U.S. property insurers are seeking to use the aerial hardware to conduct inspections for underwriting and claims adjusting. AIG, Liberty Mutual, Allstate, and State Farm
Chinese use apps to diversify investments
FinTech
Apps are rapidly changing the investment habits of ordinary Chinese, opening up alternative markets to diversify their portfolios. This is especially important after last year's wild gyrations in domestic share prices as well as the continued slide in the renminbi. The apps are targeted at modest investors, mainly because tight capital controls restrict individual annual outflows to $50,000, says The Wall Street Journal.
AI could replace half of Japanese workers in 10 years, says study
FinTech
The tasks of half of Japan's workers could be performed by artificial intelligence or robots in 10 to 20 years, according to researchers at Britain’s University of Oxford and a Japanese think tank . The Oxford Martin Program on Technology and Employment, and the Nomura Research Institute looked at the potential impact of computerization on more than 600 types of jobs in Japan that employ 42.8 million
LOL – Silicon Valley hierarchy of needs [CHART]
FinTech
This chart first appeared in ValueWalk. Photo: Matt Olsen