Search Results for: fintech

MasterCard Invests in Bitcoin Venture as Cryptocurrency Debate Escalates

From Brandchannel. As the debate over the long-term viability of bitcoin continues to swirl, major financial brands are investigating in the technology including NASDAQ, Barclays and MasterCard—the latter investing last year in bitcoin company Digital Currency Group (DCG). Blockchain, the technology behind bitcoin, uses sophisticated cryptography and distributed ledgers to regulate, record and enable bit coin transactions. … Continue reading “MasterCard Invests in Bitcoin Venture as Cryptocurrency Debate Escalates”

Around the world in 80 payments – global moves to a cashless economy

From The Conversation. Ever since computers were first introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete. The near death of personal cheques, increase in debit and credit card use, and innovations such as PayPal, Square, Apple Pay and Bitcoin, have … Continue reading “Around the world in 80 payments – global moves to a cashless economy”

Measuring Disruption in Small Business Lending

Launched today, the Financial Services Disruption Index, which has been jointly developed by Moula, the lender to the small business sector; and research and consulting firm Digital Finance Analytics (DFA) shows that Financial Services are undergoing disruptive change, thanks to customers moving to digital channels, the emergence of new business models, and changing competitive landscapes. … Continue reading “Measuring Disruption in Small Business Lending”

Cash flow is king as technology changes the way SMEs will do their banking

From SmartCompany. Small business owners, banks and fintechs can all gain valuable insights from a recent survey of SMEs conducted by research company Digital Financial Analytics (DFA). The results reinforce the critical importance of cash flow management and identify a number of telling behavioural and demographic trends within this all important sector. The DFA Small … Continue reading “Cash flow is king as technology changes the way SMEs will do their banking”

DFA Small and Medium Business Survey 2015 Released

The DFA SME survey 2015 is released today. A buoyant SME sector is critical for the future prosperity of Australia not least because one in three Australian households main source of income is derived from employment by small business. In recent years SME’s have been under extreme pressure, with many business owners operating in survival … Continue reading “DFA Small and Medium Business Survey 2015 Released”

Means of payments and SMEs – where are we heading?

Speech by Mr Yves Mersch, Member of the Executive Board of the European Central Bank. No economy can prosper without healthy, competitive and flourishing small and medium-sized enterprises (SMEs). They are the foundation on which the European economy is built and constitute more than 99% of all firms in the euro area. They employ more … Continue reading “Means of payments and SMEs – where are we heading?”

Digital Darwinism and the financial industry

In a speech entitled Digital Darwinism and the financial industry – a supervisor’s perception, Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, says in the context of digital disruption, there is an “open end” to the evolution of the digital financial sector and if banks don’t think “digitally”, they’re going to … Continue reading “Digital Darwinism and the financial industry”

The Future of Capital Markets in a Digital Economy – Blockchain Disruption

In a speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission he discusses digital disruption in capital markets. He rightly identifies blockchain technology as one of the most significant disruptive elements of all. Regulators globally are facing new challenges brought by structural change and digital disruption. There are both opportunities and challenges posed – … Continue reading “The Future of Capital Markets in a Digital Economy – Blockchain Disruption”

What does digitalisation mean for Germany’s banking sector?

An interesting speech by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the Bundesbank symposium on “Banking supervision in dialogue”, Frankfurt am Main, 8 July 2015.   He concludes that everyone involved can benefit from digitalisation, but none more so than private customers in the short term. New technology and stronger … Continue reading “What does digitalisation mean for Germany’s banking sector?”

Westpac Takes an Interest in Bitcoin Startup

The Reinventure Group, an Australian-based VC firm focused on fintech, has made a strategic investment in Coinbase. Founded in June of 2012 in San Francisco, California, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin. With a mission to make payments more open and efficient … Continue reading “Westpac Takes an Interest in Bitcoin Startup”