Financial Technology

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Financial Technology - Total results - 15
Germany's Rocket Internet is looking at investing $3 billion in financial technology and artificial intelligence
News & Analysis

Germany's Rocket Internet is looking at investing $3 billion in financial technology and artificial intelligence

Rocket Internet, which had a shaky start in 2014 as its start-ups made big losses, saw its share price jump last year.

Blockchain can improve India's trade finance system but must address certain challenges: Report
Business

Blockchain can improve India's trade finance system but must address certain challenges: Report

Banks in India should start conducting proof of concept with blockchain technology to get a deeper understanding of its likely implication in trade and finance.

Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies
Business

Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrencies

Reserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies

Forbes releases first cryptocurrency rich list; Ripple co-founder Chris Larsen at top with $7.5-8 bn net worth
Business

Forbes releases first cryptocurrency rich list; Ripple co-founder Chris Larsen at top with $7.5-8 bn net worth

As per the publication, there are now nearly 1,500 cryptoassets in existence, valued at an aggregate $550 billion

Bitcoin investments under I-T dept's radar; CBDT sends out notices, says profits from crypto currency trading taxable
Business

Bitcoin investments under I-T dept's radar; CBDT sends out notices, says profits from crypto currency trading taxable

Finance Minister Arun Jaitley said in his Budget speech earlier this month that all crypto currencies, which include bitcoins, are illegal

Temasek's venture capital arm Vertex Ventures raises $210 million fund for India and Southeast Asia investment
News & Analysis

Temasek's venture capital arm Vertex Ventures raises $210 million fund for India and Southeast Asia investment

The new fund is Vertex’s first with external investors. Vertex’s previous two funds for southeast Asia were fully funded by Temasek Holdings.

EU banks face stiff competition from fintech firms, as banking rules treat software as a cost rather than an investment
News & Analysis

EU banks face stiff competition from fintech firms, as banking rules treat software as a cost rather than an investment

EU banking rules treat software as a cost rather than an investment, forcing lenders to cover expenditure on digital applications with an equal amount of capital

Circle Internet Financial announces instant no-fee transfer of funds between Europe and America
News & Analysis

Circle Internet Financial announces instant no-fee transfer of funds between Europe and America

Boston-based Circle Internet operates its app-based peer-to-peer payment network using blockchain.

Online banking to kill physical banks in 5-6 years: NITI Aayog CEO Amitabh Kant
Business

Online banking to kill physical banks in 5-6 years: NITI Aayog CEO Amitabh Kant

He said that with proliferation of mobile phones and Internet based transaction, it will be easy for financial technology firm to do analysis and provide loans to person who requires it and has good credit history

Indian government is expected to issue rules to regulate financial tech space
News & Analysis

Indian government is expected to issue rules to regulate financial tech space

The government is expected to come out with regulations for financial technology space as the industry is likely to witness increased payments and lending activities.

Financial tech companies will face major challenges regarding national security
News & Analysis

Financial tech companies will face major challenges regarding national security

It is unlikely Germany, France or many countries would allow a foreign takeover of their major banks, which raises uncertainty about how far they will allow overseas firms to run payments and other parts of finance, one of the top names in private equity said.

How FinTech is disrupting the financial services ecosystem in India
Biztech

How FinTech is disrupting the financial services ecosystem in India

While many of the intricacies in the broad and specialized FinTech space still need to be ironed out, the momentum among existing and new entrants in this space continues to prevail.

NYC sees progress in quest to become tech capital
News & Analysis

NYC sees progress in quest to become tech capital

New York's mayor has made no secret of going after a digital grail: rivaling Silicon Valley as a high-tech hub...

Polaris Acquires SaaS Software Company IndigoTX
Biztech

Polaris Acquires SaaS Software Company IndigoTX

The GO TX System allows brokers the luxury of a single platform that provides trading in multiple instruments and integrates front, middle and back-office functions.

Polaris Software Acquires Laser Soft Infosystems
Biztech

Polaris Software Acquires Laser Soft Infosystems

This acquisition is in line with the Polaris 3.0 vision of achieving leadership in Financial Technology through focus on account expansion and Intellect expansion.