Chinese payments conglomerate Alipay is ramping up its B2B services with a new suite of offerings for small businesses (SMBs). Reports in Financial IT on Monday (Oct. 29) said Alipay is introducing a range of solutions for small businesses to support growth of China’s SMB community. They include business intelligence solutions like analysis and support […]
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The World Crypto Con Blockchain Experience Kicks off with Bitcoin’s 10th Birthday. Activities include Bloqchain Hackathon, Poker Tournament, eRacing, Token Tank and a Giant Halloween Crypto Party at Omnia Nightclub hosted by Steve Aoki. LAS VEGAS, OCTOBER 31, 2018 – World Crypto Con (WCC), launches the world’s most immersive and interactive blockchain and crypto experience, […]
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Former U.S. Fed chair Janet Yellen, who featured in the well-known ‘Buy Bitcoin’ Senate committee hearing last year, remains highly critical of crypto. Bitcoin is “anything but” a useful store of value, former U.S. Federal Reserve chair Janet Yellen stated in a speech Monday, Canadian financial news outlet Kitco reported Oct. 29. Speaking during an […]
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Berkshire Hathaway has been investing in FinTech since early 2018. The investment company is owned by Warren Buffett, a top investor and influencer. Therefore, their moves in FinTech may signal a market shift in that direction. They’ve already invested hundreds of millions of dollars in just a few months. According to The Wall Street Journal, […]
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Privacy is not an afterthought with the “Privacy by Design” mindset, and FinTech startups may take a similar approach with data security. In that sense, they may incorporate data security every time they make an enhancement or a release. “It’s really built in by design,” DadeSystems CIO Mike Capote told PYMNTS.com in an interview. When […]
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A report from the U.K. Cryptoassets Taskforce has proposed new regulations for cryptocurrencies, particularly on CFDs and futures that reference cryptoassets The U.K. Cryptoassets Taskforce has released a report Oct. 29 that proposes some changes for cryptocurrency regulation and raises concerns over how digital assets are traded and used. Launched in March, the Cryptoassets Taskforce […]
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Apple is gearing up to launch new products on Tuesday (October 30), and the Wall Street Journal reported those offerings are expected to include new iPad and Mac products. According to the Wall Street Journal, citing analysts, during the event being held at the Brooklyn Academy of Music in New York City, the Cupertino, California […]
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Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The new solution, AutoFX, aims to make it easier for smaller banks to streamline cross-border payments for their customers by automating foreign exchange conversion before the transaction occurs, […]
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It was a good week for wearables and their future, as the devices continued to show indications of strong promise on the B2C and B2B fronts. A sizzle in its own right – and also possibly a sizzle within a sizzle for payments and commerce players who may stand to see their boats lifted by wearables’ rising […]
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Data from the Commerce Department Friday (October 26) show an initial reading of GDP growth for the third quarter at 3.5 percent annualized, boosted by consumer spending. Though the latest headline number represents a slowdown from the second quarter’s 4.2 percent growth rate, that slowdown had been expected. In addition, the 3.5 percent showing was […]
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