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Why Bitcoin Price Could See Strong Bounce In Early 2020
Over the past few weeks, Bitcoin (BTC) has settled in and around the key $7,000 support level. Although some say that this price action is eerily reminiscent of that seen prior to 2018’s capitulation event, during which the price of the leading cryptocurrency tanked from $6,000 to $3,000 after consolidating for months on end, analysts say that the price of Bitcoin is readying for a strong bounce.MORE >>>
Nordea Bank’s head of transaction banking, Erik Zingmark, sees the entry of Big Tech as the prime accelerator to innovation in financial services.
While fintechs will continue to grow and partner with incumbents, once Big Tech starts to move, he says, “the implications are much greater. The punching power of the Big Techs makes me think we will see more of them coming closer to the financial industry faster than earlier expected.
“By partnering with other banks, the Big Techs are able to achieve their objectives without having to carry a banking license.”
How data scientists can bolster the future of fintech Industry
Realising the value of big data requires an analytical eye and technologies such as big data analytics, AI, and machine learning. These help in churning down data into meaningful information, thus minimising the risk decisions based on intuition.MORE >>>
Events on Our Radar
11-13 February, 2020
Deutsche Bank to launch ‘Motion Code’ card in Spain
Deutsche Bank in Spain is to issue a credit card with a dynamic CVC code that changes every four hours, in a bid to create a safer shopping experience for online purchases.
The German bank has teamed up with Mastercard and Idemia to launch the ‘Motion Code’ card under the brand name Tarjeta Calma.
Idemia’s Motion Code technology consists of a dynamic cryptogram changing randomly to provide better security for online payment by preventing data theft and cloning.
Gaming group Razer applies for virtual banking licence
The fintech arm of gaming company Razer has applied for a virtual banking licence from the Monetary Authority of Singapore with the aim of creating a full-scale digital bank targeting the millennial market.MORE >>>
“The CDR is a complex but fundamental competition and consumer reform and we are committed to delivering it only after we are confident the system is resilient, user friendly and properly tested,” Australian Competition and Consumer Commission Commissioner Sarah Court says. “Robust privacy protection and information security are core features of the CDR and establishing appropriate regulatory settings and IT infrastructure cannot be rushed.”
Walmart and Green Dot to jointly establish a new fintech accelerator, Tailfin Labs
Walmart announced today an expansion of its existing relationship with financial services provider Green Dot, which will continue to serve as the issuing bank and program manager for the Walmart MoneyCard program for another seven years. The two companies also agreed to partner on the creation of a new accelerator that focuses on the intersection of retail and consumer financial services.MORE >>>