Latest News on Financial Technology
Showing of 0 - 10 from 15 results
Financial Technology - Total results - 15
May 30, 2018
Germany's Rocket Internet is looking at investing $3 billion in financial technology and artificial intelligenceRocket Internet, which had a shaky start in 2014 as its start-ups made big losses, saw its share price jump last year.
Mar 15, 2018
Blockchain can improve India's trade finance system but must address certain challenges: ReportBanks in India should start conducting proof of concept with blockchain technology to get a deeper understanding of its likely implication in trade and finance.
Feb 13, 2018
Citibank, J.P.Morgan and Bank of America bar use of credit cards for buying bitcoins, other cryptocurrenciesReserve Bank of India (RBI), country’s banking ombudsman, has also flagged off certain risks associated with the use of virtual or crytpocurrencies
Feb 08, 2018
Forbes releases first cryptocurrency rich list; Ripple co-founder Chris Larsen at top with $7.5-8 bn net worthAs per the publication, there are now nearly 1,500 cryptoassets in existence, valued at an aggregate $550 billion
Feb 06, 2018
Bitcoin investments under I-T dept's radar; CBDT sends out notices, says profits from crypto currency trading taxableFinance Minister Arun Jaitley said in his Budget speech earlier this month that all crypto currencies, which include bitcoins, are illegal
Oct 09, 2017
Temasek's venture capital arm Vertex Ventures raises $210 million fund for India and Southeast Asia investmentThe new fund is Vertex’s first with external investors. Vertex’s previous two funds for southeast Asia were fully funded by Temasek Holdings.
Sep 06, 2017
EU banks face stiff competition from fintech firms, as banking rules treat software as a cost rather than an investmentEU 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
Jun 15, 2017
Circle Internet Financial announces instant no-fee transfer of funds between Europe and AmericaBoston-based Circle Internet operates its app-based peer-to-peer payment network using blockchain.
Jun 09, 2017
Online banking to kill physical banks in 5-6 years: NITI Aayog CEO Amitabh KantHe 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
May 03, 2017
Indian government is expected to issue rules to regulate financial tech spaceThe government is expected to come out with regulations for financial technology space as the industry is likely to witness increased payments and lending activities.