The Fintech Times THE WORLD’S FINTECH NEWSPAPER

June, 2018

• 24 June

  traceto.io Partners with Exchanges and AI Trading Platform to Remove Existing Barriers to Cryptocurrency Investment

  

  While developing its revolutionary blockchain-based KYC platform, traceto.io has also been busy forming partnerships with other blockchain industry pioneers like the Gibraltar Blockchain Exchange (GBX) and Kyber Network. Its newest partnerships with Krytono Exchange and Spiking.io shows that they continue to make significant progress towards realising their vision of being a global leader in developing simpler, faster and more …

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• 24 June

  The Blockchain Boom: Playtime Over?

  

  By Nathan Gore. Blockchain in 2018; the fun and games are done, bring on funding and growth. With the Wild West that was 2017 quickly disappearing over the horizon, 2018 has already proven to be the beginning of Blockchain’s true realisation; legitimate use-cases, proper corporate structure, actual governance. Bye bye …

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• 23 June

  Banking in 2028: Mobile, Open Source, Invisible and Decentralised

  

  By Kate Goldfinch. Banking has changed significantly over the past ten years. Consumers now expect an ultra-personalised user experience wherever they are. Now it’s up to the banks to get on board. The Fintech Times moderated an exciting panel discussing “Banking in 2028 – the state of the industry“ at …

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• 23 June

  2Checkout’s 2018 Digital Commerce Benchmark Reflects Continuous Upward Trend for Subscription-Based Sales and Regional Variations in Payments Preferences

  

  2Checkout (formerly Avangate), an eCommerce, payments and subscription billing solutions provider, released its Q1 2018 benchmark report on Digital Commerce Trends in Software & Online Services Sales. The report shows that subscription-based purchases maintain a strong upward trend. Similar to previous years, consumers and businesses continue to prioritise security product …

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• 22 June

  Cryptoassets Taskforce Meets for the First Time

  

  The first meeting of the UK’s new Cryptoassets Taskforce took place on Monday, 21st May 2018. The Taskforce agreed its objectives, which include exploring the impact of cryptoassets, the potential benefits and challenges of the application of distributed ledger technology in financial services, and assessing what, if any, regulation is …

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• 22 June

  Startups and Ideas to Change the World

  

  David Pope, Marketing Director, HooYu  HooYu is a global identity confirmation service used not only by businesses that need to check their customers are who they say they are, but also by consumers who want to check another person’s identity. HooYu helps protect consumers from scams and financial loss by …

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• 22 June

  New Positive Technologies Report: How Hackers Rob Banks

  

  Positive Technologies released a new report, Bank Attacks 2018, detailing that banks have built up formidable barriers to prevent external attacks, yet fall short in defending against internal attackers. Whether by puncturing the perimeter with social engineering, vulnerabilities in web applications, or the help of insiders, as soon as attackers access …

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• 21 June

  78% of Bankers Believe that Platformisation of Banking Will Steer the Market According to an In-depth Survey Released by Temenos

  

  Retail bank executives are reviewing their digital strategies, with 61% developing niche propositions and others, to varying degrees, opening up and giving access to new third parties.  Banks are now more concerned with technology-driven trends than they are by regulation according to an in-depth study released by Temenos, a banking …

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• 21 June

  Tradeshift announces Tradeshift Pay, Industry’s First End-to-End Cloud Platform for Supply Chain Payments and Finance, Including Blockchain-Based Financing

  

  Tradeshift, a large business commerce platform in supply chain payments and marketplaces, launched an industry first: becoming the only cloud platform to bring supply chain payments, supply chain finance, and blockchain-based early payments together into one unified end-to-end solution, Tradeshift Pay. With these innovations, Tradeshift takes aim at a $9 trillion problem–namely, …

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• 21 June

  Fintech Industry Calls for Clarity on Immigration Policy, as New Data Reveals Potential for 30,000 New Jobs

  

  Innovate Finance, the independent membership association that represents the UK’s global fintech community, alongside WPI Economics, released a report on the potential effects of future changes to the country’s immigration policy on the UK fintech sector. The report provides new insight on the scope of the UK fintech sector, which …

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• 20 June

  FCA to Publish Cryptocurrency Review

  

  The Financial Conduct Authority (FCA) has announced its intention to outline its views on cryptocurrencies later this year, as revealed in its business plan for 2018/19. The UK’s financial regulator noted cryptocurrencies have been “an area of increasing interest for markets and regulators globally” and acknowledged the Treasury Committee’s intention …

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• 20 June

  AnApp announces new Blockchain Technologies, to change the IoT World

  

  AnApp Blockchain Technologies has developed new and transformative ‘Proof of Assignment’ and ‘Micro-mining’ algorithms, the backbone of a new blockchain ecosystem and game-changer for the IoT world.  HK-based AnApp’s founders are well-versed in computer hardware and software, holding more than 20 patents in semiconductor and electronics designs, and believe that the …

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• 20 June

  Finance Montréal announces the creation of the Montréal FinTech Station

  

  Finance Montréal is pleased to announce the creation of the Montréal FinTech Station thanks to financial support from the Government of Québec. The Montréal FinTech Station’s mission will be to support the development of new businesses in the financial technology sector as well as help major financial institutions with their …

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• 19 June

  London Becomes Home to World’s First Crypto Sculpture:  “Crypto Connection” by Federico Clapis, Powered by Eidoo

  

  This week the UK is displaying the world’s first public sculpture dedicated to the rapidly growing cryptocurrency ecosystem. “Crypto Connection – powered by Eidoo”, created by contemporary artist Federico Clapis and commissioned by the multi-currency crypto wallet and hybrid exchange Eidoo, is an imposing three meter bronze statue that poses …

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• 19 June

  Cybersecurity investments in Q1 increased by more than 25% YoY

  

  Investments in companies offering cybersecurity solutions for the financial services industry were up 27% in Q1 2018 compared to the same quarter last year, according to research from FinTech Global. Although total investment has been declining since Q2 last year, this is due to the irregularity of large deals rather …

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