FINTECH
HIGHLIGHTS
KEEP UP TO DATE WITH THE LEADING NEWS.
Hours Before Bakkt: Top-20 Cryptos See Major Losses, but Bitcoin Is Up
Crypto markets are seeing a wave of red amid the approaching launch of Bakkt’s physically delivered Bitcoin (BTC) futures on Monday.
Bitcoin is the only cryptocurrency out of the top 20 that is attempting to gain momentum today, while the rest are seeing major losses, with some dropping over 7% in the 24 hours prior to press time.
MORE >>>
“Even now, in 2019, less than eight percent of commerce happens online,” says John Collison. “We’re investing now to build the infrastructure that’ll power internet commerce in 2030 and beyond. If we get it right, we can help the internet fulfill its potential as an engine for global economic progress.”
“Even now, in 2019, less than eight percent of commerce happens online,” says John Collison. “We’re investing now to build the infrastructure that’ll power internet commerce in 2030 and beyond. If we get it right, we can help the internet fulfill its potential as an engine for global economic progress.”
MORE >>>
SmartStream’s new AI module uses machine learning for difigtal payments processing
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today launched a new AI module that uses machine learning for continuous digital payments processing – a typical project to maintain and improve the matching rules would take up to two days, it can now be achieved with a simple tick.
MORE >>>Tech Has Moved Transit To Mobile – But Have Your Payments Followed Suit?
From app-based parking, street side car hire and pay-by-mile insurance, all the way to driverless cars, the world of tech is changing consumer expectations in transit as well as many other markets. Remember when you used to call a taxi firm the night before you wanted to travel, arrange a time for pick up at a fixed address and hope it would turn up? This is now history.
MORE >>>Barclays and Anthemis launch Female Innovators Lab
Barclays is teaming up with venture capital outfit Anthemis to launch a New York-based studio for female fintech entrepreneurs.
According to a BCG report, female-founded startups outperform their male counterparts in terms of revenue. Yet, in 2017 just over two per cent of venture capital funding went to all-female startup teams.
MORE >>>Roland Brandli, Product Manager, SmartStream, states: “Imagine having a virtual operations team that never sleeps, constantly comparing and fixing. Having a sophisticated reconciliations solution working perfectly entails effort, cost and access to skilled IT staff. Sometimes, it can be tempting to let maintenance issues slide and not keeping a constant eye on such matters can be risky. If matching rules are not reviewed and reconfigured regularly, matching rates are likely to decrease. Investigating these can involve hiring extra operations staff and impose added expense”.
MORE >>>
Stripe raises $250m at $35bn
Payments juggernaut Stripe is now valued at $35 billion thanks to a $250 million funding round joined by General Catalyst, Sequoia, and Andreessen Horowitz. The valuation sees Stripe increase its cap by $12.5 billion since its last funding round in January.
MORE >>>
