The initial coin offering (ICO) has emerged as a corporate financing trend just as volatile as many of the cryptocurrencies themselves. Earlier this year, CoinDesk data revealed more money was raised via ICO in the first quarter of 2018 than in the entirety of 2017, totaling $6.3 billion raised in those first three months. However, Autonomous […]
Continue Reading
For years, B2B FinTech players have pressed businesses to adopt electronic payments. With adoption rates now rising, accounts payable (AP) departments have improved their positions within the enterprise as strategic functions, with the potential to offer greater insight into company operations. However, adopting electronic payments is only the beginning. After the checks have been ditched, […]
Continue Reading
U.S. Bank has debuted its online lending portal for small business borrowers, the financial institution announced on Tuesday (Sept. 25). Following in the path of alternative and marketplace lenders, traditional banks are increasingly digitizing their financing offerings for small firms. The latest to do so is U.S. Bank, which revealed its online lending platform for […]
Continue Reading
Red Belly Blockchain reaches 30,000 transactions per second while tested on Amazon Cloud, according to an Australian science agency report. A blockchain system developed by Australia’s national science agency (CSIRO) and Sydney University claims to have set a benchmark of 30,000 transactions per second during a test on Amazon Cloud, according to CSIRO’s Tuesday, September […]
Continue Reading
Australian regulators on Tuesday (Sept. 25) criticized top banks in the country for what authorities called inadequate reporting of breaches of financial law. Reports in Reuters said the Australian Securities and Investments Commission (ASIC) announced the completion of its review into Australia’s top four banks and how they managed and remediated issues of non-compliance. The ASIC […]
Continue Reading
Visa is expanding the testing of its B2B payments technology, B2B Connect, into Thailand, according to reports. The Nation reported that B2B Connect is now being piloted by Thailand’s largest bank Kasikornbank. “Visa is proud that we have representation from a Thai financial institution in the pilot program,” said Visa Thailand Country Manager Suripong Tantiyanon in […]
Continue Reading
The US-based crypto exchange Coinbase has announced a new process for listing digital assets, opening the door for the listing of digital coins that are compliant with local laws of countries outside the US, but not necessarily the US itself. Coinbase is one of the most popular and well-known cryptocurrency exchanges in the world for […]
Continue Reading
The Amazon Alexa Fund has invested in Plant Prefab, a leading home design and prefabrication company. The Southern California startup announced it has raised a $6.7 million Series A funding round that also included participation from Obvious Ventures. The funds will be used towards new senior hires, building the marketing and sales team, and developing […]
Continue Reading
A new report revealed that Homeland Security’s face scanning airport security program is facing “technical and operational challenges” and might not be ready to launch nationwide by its estimated completion in 2021. Homeland Security’s inspector general said that while Customs and Border Protection (CBP) is making “considerable progress” in launching the airport scanning facial recognition […]
Continue Reading
Four months after General Data Protection Regulation (GDPR) came into effect, France is seeing a rise in data privacy complaints. The country’s CNIL agency announced on Tuesday (Sept. 25) that it’s received 3,767 complaints since May 25, which is when the GDPR went into effect. That is an increase from 2,294 complaints over the same period last […]
Continue Reading