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Vitalik Buterin Supports Petition to Free arrested blockchain dev
Ethereum (ETH) co-founder Vitalik Buterin has declared his solidarity with Virgil Griffith, the American citizen arrested for his blockchain educational activities in North Korea.
In a tweet posted on Dec. 1, Vitalik shared a link to a blog post penned by blockchain firm CEO Enrico Talin, which had appealed directly to the Ethereum co-founder to start a petition in support of Griffith.
Antony Jenkins, who founded fintech firm 10x Future Technologies in 2016, has written for Quartz that financial services is in the middle of its “Uber moment”.
He refers to the closure of at least a third of bank branches in the UK in the last five years, and says “we should rejoice that the practices of banking models of the past, which have lost the trust of so many, are coming to an end”.
Bank of America: Applying AI front and back of house
Gaurav Khanna, Head of Mobile Strategy & Digital Initiatives, Bank of America, speaks at Money 20/20 USA about emerging technologies and the application to clients to enhance their experience, where AI fits into this and the importance of leveraging AI at the back end as well.MORE >>>
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Pixpay is a challenger bank for teens focused on pocket money
Meet Pixpay, a French startup that wants to replace cash when you’re handing out pocket money to your kids. Anybody who is older than 10 years old can create a Pixpay account, get a debit card and manage pocket money.
Challenger banks are nothing new, but they’re still mostly targeted towards adults. If you want to create an N26 or Revolut account, you need to be at least 18 years old. You can create a Lydia account if you’re at least 14 years old with parental consent.
UK banks suffer five IT glitches a week according to Which?
The UK’s banks experience five IT failures a week according to analysis by Which? with RBS and Santander the worst sufferers.
There have been 265 glitches in the last year preventing customers from accessing accounts or making payments.
Elena Philipova, global head ESG proposition at Refinitiv recently told Finextra “European regulators are leading the way with the most comprehensive and ambitious plans put forward thus far on transitioning capital markets to be sustainable and finance the 2030 Agenda. This top down pressure is making all market participants, large and small, elevate sustainability to the top of their priorities.”
Ant Financial preps $1bn investment fund
China’s Ant Financial is preparing to raise $1 billion for a fund that will invest in fintech startups in South East Asia and India, according to reports.
As first reported by DealStreet Asia, Jack Ma’s firm is planning the fund to pump money into companies in the payments and online finance space.
The fund would be in line with Ant’s policy of expanding outside of China, where its growth is slowing in the face of stiff competition from Tencent and others.