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UK fintech scores the global top spot for investment in the first half of 2018, Trump Administration



UK fintech scores the global top spot for investment in the first half of 2018


The UK has attracted more investment in fintech than any other country worldwide for the first half of the year, raking in $16.1bn (£12.3bn). China came in second place with $15.1bn, followed by the US with $14.2bn. Four of Europe's top 10 fintech deals happened in the UK, which included a $250m raise by Revolut, $100m by eToro, $60m by Flender and $54m by Moneyfarm. Data provided by KPMG's pulse of fintech report has allayed fears that Brexit would hurt the UK's startup scene, as venture capital firms have cemented the UK's...

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Category: Fintech Investment

Image & article ref: cityam.com

Trump Administration Embraces Fintech Startups


The Trump administration embraced an emerging corner of the financial sector on Tuesday, telling companies that offer new ways to bank and invest that the federal government wants to help them grow. The Treasury Department in a report recommended industry-friendly policy changes for the sector be adopted by regulators that oversee the financial industry. It recommended a “sandbox” giving regulatory financial relief to startups; encouraged the federal consumer regulator to rescind its payday-lending rule...

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Category: Fintech Investment

Image & article ref: wsj.com

Bitcoin's Second-Ever Developer Is Back (With a Big Vision for Crypto)


There are early adopters, then there are early early adopters. Revealed exclusively to CoinDesk, the first coder to work alongside bitcoin's pseudonymous creator Satoshi Nakamoto, Martti 'Sirius' Malmi, is joining a team of developers launching a new cryptocurrency called AXE. The project, which is combining Malmi's Identifi online reputation system with decentralized database system GUN, is taking on the long-desired mission of decentralizing the Web. And Malmi's history in the cryptocurrency space should...

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Category: Cryptocurrency Disruption

Image & article ref: coindesk.com

Australian ‘Big 4’ Bank Taps Ethereum Blockchain for 17-Ton Almond Shipment to Germany


The Commonwealth Bank of Australia (CBA) has announced the successful completion of a global trade experiment involving a shipment of 17 metric tonnes of almonds from Australia to Germany using blockchain tech. The CBA, one of Australia’s so-called “Big Four” banks, announced the successful blockchain-powered shipment of the international trade endeavor involving the bank and five Australian and international supply chain leaders on Monday. Specifically, the CBA developed a private blockchain platform based atop...

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Category: Blockchain & Logistics

Image & article ref: ccn.com

Mount Sinai Hospital Opens a Blockchain Lab for Biomedical Research


The Icahn School of Medicine at Mount Sinai has opened a dedicated blockchain laboratory to explore its potential use case in healthcare applications. The Center for Biomedical Blockchain Research (CBBR), as the lab, is called, will scholastically evaluate blockchain-enabled solutions, while providing partnerships and consulting services with companies working on these projects. The solutions in focus at the center will be related to biomedical data management, machine learning, and...

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Category: Blockchain Medical Research

Image & article ref: ccn.com

Borderless banking: Meet the mobile-only bank for migrants


When Norris Koppel came to the UK 18 years ago, he landed a good job and found a flat to rent. But there was a problem: the banks refused to let him open a current account. Koppel had no credit history in the UK, which meant – as far as the banks were concerned – he didn’t exist. Given that international payments would incur costly foreign exchange fees, his employer didn’t want to send his salary to his Estonian bank account either. In the end, Koppel found himself in a weird situation where his salary was being sent to...

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Category: Borderless Banking

Image & article ref: cityam.com

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