Next Page: 10000

          IT sector’s share of exports stands at $2.8bn: RCCI       Cache   Translate Page   Web Page Cache   

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) President Zahid Latif Khan on Tuesday said information technology sector contributed $2.8 billion to the country’s export.

He was addressing a financial technology conference (FinTech) at a local hotel.

The major purpose of this conference was to promote use of information technology (IT) and to create awareness among key stakeholders of its use in financial management, lowering cost of production and bringing innovation in their businesses.

He said with the government support exports in the sector could be enhanced to $5 billion in next three years.

The RCCI president said in Pakistan the IT industry had great potential and urged the government to provide favourable environment for the promotion of IT in different sectors including banking (e-banking), medicine (telemedicine) and manufacturing (e-designing).

He said in recent years e-commerce had doubled its penetration in Pakistan and said this would further grow in coming days.

Mr Latif said IT sector was growing exponentially in Pakistan. He also highlighted key initiatives of RCCI in promoting IT in the region includingICTawardsand e-health conference.

With the increase of internet penetration in Pakistan, he said, the IT sector offered huge potential for local companies to join hands with multinational companies.

He said e-commerce was the future mode of conducting business, and would provide an opportunity to small and medium enterprises (SMEs).

Chairman RCCI committee on information technology Raja Umer Iqbal said that Rawalpindi and Islamabad had 40pc share in the IT business as many multinational companies have established their offices here.

CEO Fauji Fertilizer Company (FFC) retired Lt-GenTariq Khan said that financial management offered big challenges and adaptation of modern information technology could help consumers in a big way.

“A joint effort is required from the society and the government to evolve our key financial sectors, banking, insurance and corporate sector into modern digital format.

“Technology is growing very fast and we must be ready to meet the future challenges of security under financial management,” he said.

Representatives from Securities and Exchange Commission of Pakistan (SECP), SBP and Pakistan Software Export Board also discussed the key initiatives to improve users experience in financial services with incorporation of information technology.

Senior Vice President Nasir Mirza, Vice President Khalid Farooq Qazi,former presidents, members of the executive committee and a large number of IT companies’ representatives attended the conference.

Published in Dawn, August 8th, 2018


          LendingClub stock falls farther after disclosure of new investigation      Cache   Translate Page   Web Page Cache   

LendingClub Corp. disclosed a Massachusetts investigation into its advertising and disclosure practices Thursday, sending shares down in after-hours trading following a rough regular session. In its quarterly filing with the Securities and Exchange Commission, the online lender said that it had received a civil investigative demand from the Massachusetts attorney general in June. The company also noted that it had "responded to inquiries from the California Department of Business Oversight and the New York Department of Financial Services regarding the operation of the company's business and the overall 'FinTech' industry." LendingClub did not disclose the investigations in its earnings report nor in its related conference call Tuesday afternoon. LendingClub stock plunged 10% in Wednesday's regular session after the earnings were released, and declined another 2% in after-hours trading after the new disclosure circulated.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


          Assistente de Pré-vendas – R$ 1.400,00 – Centro RJ – 5 vagas      Cache   Translate Page   Web Page Cache   
Startup de tecnologia. Cargo: Assistente de Pré-vendas Regime de Contratação: CLT – Efetivo Número de Vagas: 5 Descrição do Cargo / Responsabilidades: Responsável por agendamentos de reuniões de diagnósticos, para a área comercial. Irá atuar com grande volume de Leia mais...
          THE FINTECH PROFITABILITY REPORT: Why fintechs are struggling to turn a profit, and the hurdles they must overcome to see success      Cache   Translate Page   Web Page Cache   

funding circle p&l

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Most fintechs, even the unicorns, aren't profitable.

Despite having innovative ideas and live products that are successfully disrupting the financial services industry, these fintechs' business models are increasingly proving to be fundamentally flawed.

In a new report, Business Insider Intelligence explores the reasons why fintechs are struggling to turn a profit, providing examples of the unique problems each segment of fintech faces. We also outline what some firms are doing to overcome these challenges, and highlight the key factors to be considered by fintechs, and their investors, if they want to reach profitability.

Here are some of the key takeaways from the report:

  • Even the largest fintechs have failed to achieve meaningful profits. For example, British unicorns Transferwise and Funding Circle have seen ever-increasing losses since launch — in the latter's case to the tune of £37 million ($48 million) in its most recent filing, and are only now approaching profitability.
  • The profitability question is becoming increasingly important. That's due to a combination of factors including declining VC investment in the sector and increasing pressure from existing investors to see returns. 
  • Not all fintechs want to turn a profit, but those that do are facing significant challenges. Obstacles to profitability affect all fintech segments including neobanking, robo-advising, money transfer, and marketplace lending.
  • Forced to adapt their models, fintechs are employing multiple tactics to reach profitability. These include partnerships, diversification of funding sources, acting as third-party suppliers to other firms, adding new products, and seeking global expansion.
  • There a number of considerations that fintechs and their investors must make, and several actions they must take, to get on the path to profitability. These include deciding whether to focus on scale, establishing a stable business plan, and assessing the benefits of varied funding sources.

 In full, the report:

  • Explains why the profitability question is increasingly being raised.
  • Outlines why fintechs in different segments are failing to turn a profit.
  • Gives examples of just how large some fintechs' losses are. 
  • Explores how fintechs are striving to solve the profitability problem.
  • Outlines vital considerations for fintechs and their investors.

 

Join the conversation about this story »


          How banks can use personalized services to increase customer satisfaction and compete with fintechs      Cache   Translate Page   Web Page Cache   
  • The ability to conduct banking activities via a sleek mobile app is no longer enough to satisfy consumers — it's table stakes.
  • Banks need to focus on deploying robust personal finance management (PFM) features that pull consumers in.
  • There are three common approaches banks can take to effectively implement these tools.

It’s no longer enough for banks to offer customers a sleek mobile banking app; in fact, they expect it.

US Demand for All Mobile Banking Features

And with emerging fintechs continuously creeping in on incumbents’ marketshare, legacy banks must work to provide additional tools that will keep users engaged in-app — and prevent their eyes from wandering to startup solutions.

The best opportunity banks have to do this is by introducing personal finance management (PFM) features to their existing offerings. These features empower customers to take more control over their financial lives by tracking spending, managing investments, and maintaining greater visibility into their overall financial health.

Fintech startups have already refined many of these technologies and, in turn, pressured traditional banks to achieve feature parity or lose customers. Personal Finance Management, a new research report Business Insider Intelligence, Business Insider's premium research service, has outlined the best ways for banks to catch up to the competition.

Here are three approaches banks can take to implementing PFM tools:

  • Partnering with a PFM-focused fintech: This can save the partnering banks critical time by bypassing building features themselves — enabling a quicker go-to-market strategy. However, banks must be prepared to forego the ability to implement more customized  services.
  • Working with a PFM technology supplier: B2B suppliers like Meniga and Personetics, on the other hand, can help banks overhaul their existing mobile apps with specially designed features. They provide the enabling infrastructure banks need to successfully offer PFM features to their customers.
  • Acquiring a PFM startup: Although often more expensive, this option grants banks the ability to acquire valuable talent, as well as complete control over their integrations.

Want to learn more?

This is just a preview of Personal Finance Management, a new report from Business Insider Intelligence, Business Insider's premium research service. The full report breaks down the different approaches banks can take to offer their customers better PFM features as competition from fintechs increases.

In full, the report provides insights into the benefits and challenges of each approach, how the industry may change in the future, and which PFM features will soon become table stakes for consumers.

Join the conversation about this story »


          How insurtechs are tackling the notoriously tricky area of life insurance      Cache   Translate Page   Web Page Cache   
  • Life insurance is fundamentally hard to sell; it’s morbid to think about, promises no immediate rewards, and often requires a lengthy paper application with minimal guidance.
  • Despite the popularity of personalized products in other areas of finance and fintech, life insurance largely remains unchanged.
  • A small, but growing pocket of insurtech startups are shaking up the status quo by finding ways to digitize life insurance and increase its appeal.

Life insurance is a fundamentally difficult product to sell; it requires people to think about their deaths without promising any immediate returns. 

Outlays of US Consumers Under Age 25, as a Percentage of Total Spending

And, despite tech innovations and the development of personalized services in other areas of finance, life insurance remains largely unchanged.

Luckily, there is a small but growing pocket of insurtech startups looking to modernize it. These companies are finding ways to digitize life insurance to  appeal to consumers — and they’re giving incumbents the opportunity to revamp traditional offerings, either by partnering with them or using their technology.

Business Insider Intelligence, Business Insider's premium research service, has forecasted the shifting landscape of life insurance in The Future of Life Insurance report. Here are the key problems insurtechs are tackling:

  • Lack of education: Forty percent of US consumers told the Life Insurance and Market Research Association (LIMRA) that they feel intimidated by the life insurance application process, often drastically overestimating its cost and facing uncertainty about how much or which type of coverage to buy.
  • Inconvenient application process: It can take weeks or months for coverage to take effect because of the sheer number of meetings and parties combing through paperwork in each round of the application process. The risk for the insurer often warrants reviews from the carrier, a team of underwriters, a broker, and even a medical examiner.
  • Low customer loyalty: Life insurance tends to be a “set it and forget it” type of purchase, with very few people revisiting it after buying. Insurers and consumers therefore have limited contact for most of the relationship — with the exception of an annual bill, of course.
  • Inefficient data management and processing: The aggregate data life insurers rely on is typically fed into algorithms that make broad assumptions about particular populations, and often incorporate outdated medical documentation — all of which can delay applications and result in unnecessary rejections.

Want to learn more?

The need for modernization in life insurance is clear: Overall sales are slowing and policy ownership is hitting record lows. And because it’s such a tightly-regulated space, innovation from incumbents has stagnated — but they’re not helpless. Consumer-focused and insurer-focused startups have emerged to offer new technologies and process improvements.

The Future of Life Insurance report from Business Insider Intelligence looks at the two main strategies life insurtechs are adopting to drive change in this market, for the benefit of both buyers and sellers. In full, the report discusses best practices incumbents and startups should adopt to steer clear of the risks attached to applying emerging technologies to such a tightly regulated product.

Insurtech startups will soon set new industry standards and consumer expectations around this complex product. That, in turn will serve as a catalyst for innovation among legacy players.

 

Join the conversation about this story »


          How open source is fuelling an explosion in fintech innovation      Cache   Translate Page   Web Page Cache   

The open nature of fintech is a clear break with traditional financial services. Where incumbent businesses have complex legacy IT systems – often developed over decades – the new fintech companies are small and agile, using open services to build their applications.

As consumers have continued to embrace digitisation in every part of their lives, they are driving the digitisation of the financial services they use, with payments leading the way.

The open technologies that fintech services are built upon are new and speak to the new age of financial services in the palm of consumers' hands.

"Fintech firms are establishing themselves not only as significant players in the industry, but also as the benchmark for financial services," states Ernst & Young in its Fintech Adoption Index.

Read more


          Flagstar, LendingClub and Toyota: Bankers on the move      Cache   Translate Page   Web Page Cache   
In recent weeks, several banks and fintechs have added new branches or new units, and in the process brought aboard new leadership. Here's a roundup of key hires.
          Revolut alcanza los 100.000 usuarios en España      Cache   Translate Page   Web Page Cache   
La «fintech» británica Revolut continúa abriéndose paso en España, donde acaba de alcanzar la cifra mágica de los 100.000 usuarios. Desde que se estableciera en una oficina física el pasado mes de octubre en Barcelona, la compañía ha logrado unos 70.000 usuarios en España, siendo el quinto país de Europa donde mayor número de usuarios tiene en la actualidad y el tercero que más rápido crece. Así, desde la fintech apuntan que acogen a algo más de 400 nuevos usuarios cada día, creciendo un 300%. En nuestro país, Madrid, Barcelona y Valencia son las ciudades donde hay más usuarios de Revolut. Además, de los 100.000 actuales, más del 70% tienen entre 25 y 35 años. La compañía, que hace unos meses logró cerrar una ronda de financiación de unos 200 millones de euros, basa su éxito en las facilidades que ofrece a sus clientes. Así, permite crear una cuenta corriente desde la app en 60 segundos, gastar en el extranjero en más de 150 divisas sin comisiones, mantener e intercambiar 25 monedas en la aplicación, enviar transferencias nacionales e internacionales gratuitas con el tipo de cambio real y comprar, intercambiar y vender criptomonedas. Desde la fintech señalan que ya han permitido ahorrar a sus usuarios más de 20 millones de euros en comisiones. De ellos, la mayoría son ahorros de pagos con tarjeta en el exterior, transferencias internacionales y retiros de efectivo en cajeros automáticos por todo el mundo. Para el CEO de Revolut, Nikolay Storonsky, la buena marcha de los últimos meses de la compañía «es una clara indicación de que muchos de nuestros usuarios ahora consideran Revolut como su cuenta corriente principal y tarjeta de gasto diario».
          Technical Lead - Prodigy Labs - Toronto, ON      Cache   Translate Page   Web Page Cache   
Prodigy Labs is looking to hire talented technical leads to provide technical guidance and leadership for various initiatives in the fintech space....
From Prodigy Labs - Tue, 07 Aug 2018 17:30:02 GMT - View all Toronto, ON jobs
          Fintechs Continue to Carve Out a Niche in the Direct Lending Marketplace      Cache   Translate Page   Web Page Cache   
Online lending in the commercial real estate industry is still in its very early stages.
          BI Waspadai Risiko Industri Fintech      Cache   Translate Page   Web Page Cache   
REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia (BI) menyatakan terus mendorong layanan financial technology (fintech). Hanya saja sebagai regulator, bank sentral tetap memperhatikan risikonya. "Kita mitigasi dengan policy yang lebih baik....
          Fintech Startup Clickswitch Raises $3.5M in Series A Financing      Cache   Translate Page   Web Page Cache   

ClickSwitch, a Minneapolis, MN-based provider of an automated account switching solution, completed $3.5 million in Series A funding. The round was led by Commerce Ventures, Betsy Cohen, founder of The Bancorp, Inc., Daniel Cohen, Chairman of The Bancorp, Inc. and Pete Kight, founder and former CEO of CheckFree Corp, with participation from several Minneapolis-based investors. […]

The post Fintech Startup Clickswitch Raises $3.5M in Series A Financing appeared first on FinSMEs.


          Visa wkracza na arenę startupową. Inwestuje w izraelski Behalf      Cache   Translate Page   Web Page Cache   
Visa inwestuje w Behalf, startup z Izraela, który działa na rynku FinTech. Partnerzy mają wspólnymi siłami zapewnić łatwo dostępne finansowanie małym i średnim firmom.
          Itt az 5 legmegbízhatóbb fizetési szolgáltatás: az Apple Pay a legjobb      Cache   Translate Page   Web Page Cache   

Az amerikai fogyasztóvédők a fintech szolgáltatásokat is megvizsgálják. Ez az öt legmegbízhatóbb P2P fizetési szolgáltatás.

Itt az 5 legmegbízhatóbb fizetési szolgáltatás: az Apple Pay a legjobb | FinTechRadar.


          Egyetemkezdési tippekkel szórja meg a fiatalokat az OTP      Cache   Translate Page   Web Page Cache   

A célcsoport valószínűleg még a Szigeten bulizik, de soha nincs elég korán végiggondolni, hogyan lehet megélni egy ösztöndíjból.

Egyetemkezdési tippekkel szórja meg a fiatalokat az OTP | FinTechRadar.


          Celebrity Financial finalizes mortgage company acquisition      Cache   Translate Page   Web Page Cache   
Celebrity Financial has finalized its acquisition of independent mortgage lender Midwest Equity Mortgage. When the purchase was announced in June, Celebrity said it was going on an acquisition tear, starting with its purchase of Midwest Equity Mortgage, with additional plans to purchase companies in several industries, including banking, fintech, insurance and capital markets, over the next 12 to 24 months.
          Former Lender Price CEO Jerry Halbrook joins FundingShield senior advisory board      Cache   Translate Page   Web Page Cache   
After abruptly leaving Lender Price earlier this summer, Jerry Halbrook has found his next act. Halbrook stepped down as CEO of Lender Price back in June, and now, Halbrook is moving on to FundingShield to serve on the fintech's senior advisory board.
          CFPB joins global fintech regulation effort      Cache   Translate Page   Web Page Cache   
The CFPB announced it will begin working with other regulators across the globe on fintech regulation efforts. The bureau will be working in collaboration with 11 other financial regulators across the world in their new initiative to create the Global Financial Innovation Network.
          BMO Harris teams up with fintech partnership programme participants      Cache   Translate Page   Web Page Cache   
Chicago-based BMO Harris Bank has begun working with two local fintech startups that it met through...
          #weirdo - fintechelicious      Cache   Translate Page   Web Page Cache   
08.09 I just • L O V E • New, Unknown, Unlike, Now an Complex. Normal wanted to join us. Offered him a seat, but all seats were taken by the rest. Normal left as quick as he entered my room! #weirdo . . . . . . . . #innovation #programmer #exchange #trading #cryptocurrency #stockexchange #geek #development #iamsterdam #nerd #php #golang #angular2 #javascript #blockchain #thenextgenerationstockexchange #ceolife #womenintech #entrepreneur #robot #technology #trader #trading #tradingengines #developer #bitcoin #tech #bank #fintech
          Five Degrees acquires Libra in Iceland      Cache   Translate Page   Web Page Cache   
Five Degrees Acquisition allows Dutch Fintech to offer full digital banking solutions to global markets. Amsterdam, July 26th - Five Degrees , the Dutch Fintech in banking software, acquires Libra, a leading provider of core banking IT systems in the financial sector in Iceland. The acquisition boosts Five...

Five Degrees


          Fintouch 2018 | Fintechs de crédito independentes de banco são opção de juro baixo      Cache   Translate Page   Web Page Cache   
Fintechs de crédito independentes de banco são opção de juro baixo
          Top Scenario FinTech Investment Market segments based on technology: P2P lending, Online acquiring and mobile wallets, Personal finance management or private financial planning, MSME services, MPOS      Cache   Translate Page   Web Page Cache   
(EMAILWIRE.COM, August 10, 2018 ) FinTech is a service based on financial applications. Over the years, the purview of FinTech has extended to include new and innovative front-end consumer products. Many FinTech start-up companies provide convenient solutions that are operable through hand-held portable...
          Fintech startup Propelld gets $250,000 from IAN and IAN Fund      Cache   Translate Page   Web Page Cache   
Bluebear which operates under the name of Propelld is a student education financing platform which brings financial institutions to lend to students taking professional training or vocational certification courses.
           百度江山不再,度小满能否卷土重来?       Cache   Translate Page   Web Page Cache   

北京时间2018年8月8日,百度市值793.6亿美元。同一时间,阿里巴巴的市值是4627亿美元,腾讯市值是34737亿港元,约合4425.6亿美元(实时汇率)。

互联网时代BAT三分天下,百度的搜索、腾讯的社交、阿里的电商,一度是比肩而立、任他人仰望的存在。曾几何时,百度江河日下,被A、T远抛身后。

单兵易折,百度式微

在PC互联网时代,飞速增长的市场红利,是百度腾飞的基础。

2005年8月5日,百度在美国纳斯达克成功上市,同时也创造了中国概念股的美国神话——上市首日股价涨幅就高达354%,成为2005年全球资本市场上最为引人注目的上市公司。

彼时,百度市值约为40美元。而还未上市、同为“稚子”的阿里、腾讯估值约为25亿美元、10亿美元。

2010年3月,谷歌宣布退出中国市场;失去了直接竞争对手的百度,一时风头无两。同年,深陷3Q大战泥潭的腾讯和奇虎,给了百度弯道崛起的“机会”。坐拥流量入口、在PC互联网时代独占鳌头的百度,本应该有更多的作为,但是失去直接竞对生存无忧,加上搜索带来的巨大的、容易攫取的利润,高枕而卧的百度渐渐失去了早期的“狼性”和对于移动互联网的野心。

2010年,移动互联网的争夺拉开了序幕。随后O2O概念高企,从地图导航到生活服务,BAT三家开启了近乎疯狂的版图扩张。百度在判断上屡失准头,陆续收购或投资了91无线、PPS视频、糯米,Uber等业务,却并没有给自己的版图筑起足够且具有特色的壁垒。

但是从财报来看,从2010年到2015年的5年,是百度商业化高歌猛进的5年,其增速接近腾讯同期增速的两倍。支撑百度财报增长的,主要是其搜索业务,其余业务几乎“一个能打的都没有”,百度“新品发布便悄然下线”成常态。

单兵易折,2016年说是百度的“拐点”,一点都不为过。先是卖贴吧事件闹得满城风雨,后有魏则西事件给了百度“重创”。引起舆论哗然的商业与社会价值的辩论,将百度定在了道德的十字架上。

一损百损,百度式微。

起个大早赶晚集,百度金融总慢半拍?

2012年,李彦宏匆匆改口并开始布局移动互联网,显而易见百度认识到了自己的战略短板。

让人扼腕叹息的是,百度的“慢半拍”并没有随着认知的清晰而改变。直到风暴来临的前一年,2015年6月,O2O的争夺早已接近尾声,李彦宏依旧放出“壕”言说要拿200亿元现金把百度糯米做到行业第一。

不到一年,2016年4月百度重新调整组织架构时,把糯米划归到了“守土”的百度搜索公司。李彦宏明确表示,其会把更多的时间和精力放在互联网金融、无人车、人工智能等创新业务上。

商业帝国的发展最终都会演变成金融领域的角逐。百度金融的诞生也同样“慢半拍”。

2013年,随着《国务院关于促进信息消费扩大内需的若干意见》正式发布,发展信息消费提升内需上升到国家重大战略层面,巨头开始争相布局互联网金融业务。

百度金融业务探索开始于2013年发布的理财产品“百发理财”,但是这款在百度金融业务中已经算不错的产品,以8%的年化收益为卖点、捆绑各大基金公司的相互合作推广依旧没有比拼过同期5%年化收益的余额宝,从此百度金融的理财类产品销声匿迹,没能躲过“悄然下线”的命运。

相反的是,2013年8月,坐拥超3亿微信月活用户的腾讯正式发布微信5.0,开启了微信支付模式。虽然上线之初市场反应平平,但是微信支付却借助2014年初新年红包营销一炮而红,进而发展到现在与支付宝两分天下。

2014年4月,腾讯成立微信事业群;2014年10月,蚂蚁金融服务集团正式成立,阿里和腾讯开始了在金融领域的正面对攻。更值得注意的是,京东金融早在2013年10月就已独立运营。

反观百度,直到2015年年底,百度金融服务事业群组才姗姗来迟。

2015年12月,李彦宏发布的内部信显示“组建金融服务事业群组(FSG),由消费金融业务、钱包支付业务、互联网证券业务组成。朱光任总经理,杨进携消费金融业务及团队、章政华携钱包支付业务及团队、金灵携互联网证券业务及团队、王辉携金融市场研究与策略团队转入FSG。”

2017年Q2财报电话会议中,时任百度集团总裁兼首席运营官的陆奇披露,百度金融由消费金融业务、百度理财、钱包支付业务为主体的整体框架构成,互联网证券业务、金融市场研究与策略团队已然不见踪影。

理财业务自“百发理财”折戟之后,就表现平平。在百度公布2016年财报中显示,截至2016年12月31日,百度钱包的“激活账户数”达1亿,对比支付宝的4.5亿和微信的4亿用户,支付业务也不过尔尔。

重启的百度金融,将业务发展的重点放在了信贷服务上,更准确的说,是教育领域的贷款业务。

据了解,“百度有钱花”在教育领域的业务推广简单粗暴,沿袭了流量推广业务的代理制,在全国大面积招代理商,然后代理去找教育机构谈合作。

百度2016年Q2财报显示,在教育信贷领域,百度金融服务事业群与超过600家教育机构达成合作,业务覆盖了全国95%以上省区;同年Q4财报显示,“百度有钱花”在教育信贷领域的市场份额已达到75%,合作教育机构已经近3000家,环比增长约80%,服务学生数环比增长约45%。

因过分逐量,此前有媒体报道,百度金融入局后将教育行业贷款通过率直接从70%拉升到95%的高度;同时教育行业年利率从20%左右最低到了12%;部分教育机构甚至钻空子骗取学员办理百度金融的教育分期后卷款跑路。疯狂野蛮扩张、不计风控让曾扬言“要让每一个积极向上的年轻人,在发展自己的道路上,不会因付不起学费而放弃梦想”的李彦宏再一次被打脸。

深陷“骗贷跑路门”的百度金融在21CN聚投诉发布的2017年上半年网贷投诉排行榜中位居第二,被投诉量仅次于马上消费金融(主要被投诉理由为放款慢),百度有钱花的投诉主要集中在借款容易退款难(消款、退款等流程非常缓慢)和被培训机构骗取贷款。

此外,亿欧访问度小满金融官网发现,目前百度“有钱花”旗下主打产品有六款:满易贷、尊享贷、小期贷、教育分期、房抵贷、医美分期。但在“有钱花”APP上,此前曾大力推广的现金贷业务“小期贷”目前已经停止服务。

据百度金融2017年财报显示,百度的金融业务“截至2017年12月31日止,年度确认的毛利息收入及利息成本分别为35亿元及19亿元”。这就意味着,2017年百度金融业务的毛利润为16亿元,占百度2017财年净利润183亿元的8.74%。

重组“度小满”,凑拼图还是杀手锏?

蚂蚁金服、京东金融珠玉在前,百度怎么也不肯放弃金融这块“流油的蛋糕”。

此外,一个比较明显的判断是,百度在搜索业务上的营收将很快从增量市场向存量市场转变(以今日头条为代表的内容平台分流严重),而人工智能又属于前期重投入,很难迅速见到利润的板块。因此,离钱最近的“度小满”还是被寄予厚望。

陆奇在任时曾表示,金融是人工智能商业化最具前景的领域之一。在2017年Q2财报电话会议上,陆奇就曾透露,将重新构架百度金融服务事业群组(FSG,下称“百度金融”),计划让百度金融独立运营,以便获取更多业务发展所需的牌照,以最适宜的机制,保障百度金融长期快速健康地发展。

而在陆奇离开百度的前一个月,2018年4月28日,百度金融宣布成功拆分、融资19亿美金并启用全新品牌“度小满”。百度高级副总裁兼金融服务事业群组总经理朱光出任度小满金融CEO。

不过此时,互联网金融最好的时候已经过去,百度金融要想实现逆袭就得寻找新的风口,以求突破……

Fintech是度小满金融的新“标签”。选择Fintech也是度小满金融无奈之下的必然。

监管高压之下,蚂蚁金服、京东金融等先发企业纷纷改口不做金融,要“深藏功与名”退居幕后做赋能金融的科技企业,已然奠定了互联网金融领域不可逆转的转型方向。

于百度而言,坐拥流量入口,对金融这个数据密集型行业来说是一个天然的宝库;“All in AI”打下的技术烙印又是进军金融科技的重要支撑,两者共同撑起了度小满金融“用科技为更多人提供值得信赖的金融服务”的愿景,科技也成为了度小满金融的最优切入点。

在7月4日百度AI开发者大会上,朱光也展示了度小满金融首秀的“答卷”。

朱光提到,目前度小满金融已经与500多家金融机构在金融科技领域达成合作,其中包括中信银行、百信银行、南京银行、温州银行等机构;和近30家金融机构在云帆平台项目中已展开合作;半年时间生成数百亿资产,坏账率不到0.5%;同时,还为114万人提供了超过130亿元的教育消费信贷,其中近70万人是大专学历以下人群,有钱花信贷业务服务的客群中,有34%是小微企业主。

金融科技会是卷土重来的砝码吗?百度内部似乎却不这么认为

同样是百度AI开发者大会,2017年大放异彩的金融业务,到了2018年却相当“低调”,仅迭代了云帆系统。金融场发布会,更是大打“价值观”的温情牌,延续了朱光一贯被诟病的“公关大于实际”的风格。

虽然朱光介绍说,在获客方面,百度有着天然的金融场景,用户在选择商品、产生购物意图、进行大额消费的过程中,会衍生许多信贷服务等金融需求。度小满金融评估后发现,这些金融需求目前只有1%得到了满足,未来的空间非常大。但是百度自身不具备形成交易的直接场景,鲜有支付、消费分期等热门“项目”的运行经验,推动起来想必事倍功半。

其次,金融对于百度业务,重要性也在下降。

不仅管理层在外对金融业务三缄其口,8月1日,百度发布了2018年Q2财报。财报总结了百度近期的主要工作内容,大致为加快剥离外围业务、专注于核心搜索和继续推动人工智能(AI)业务的脚步。

财报显示,百度第二季度总营收为人民币260亿元,归属于百度的净利润为人民币64亿元。其中,百度广告业务Q2营收达到211亿元,占总营收的81%。

虽然,金融的市场有着无限的想象力,百度坚持主业的选择了专注于核心搜索业务,金融这块业务,是要?还是不要?


          Senior Software Architect/Developer at Capricorn Digital Limited      Cache   Translate Page   Web Page Cache   
Capricorn Digital Limited is a fast growing digital solution and distribution company based in Nigeria that supports the growth of businesses through the efficient and effective distribution of digital products and services by utilising an extensive distribution footprint across Nigeria. We focus on products and services that can be digitized and works with merchants to create the most efficient and effective means of distributing those products and services, thereby reducing time to market and driving sales.Job Summary The senior software architect will be primarily responsible for developing, creating, and modifying general computer applications software or specialized utility programs Analyzing user needs and developing software solutions, and designing software or customizing software for company use with the aim of optimizing operational efficiency. Essential Duties and Responsibilities Provides vision, planning and coordination of all software development and/or implementation activities. Establishes standards in software development and integration; Analyze user needs and software requirements to determine feasibility of design within time and cost constraints; Document business requirements using formalism such UML or other object oriented modeling tools; Confer with systems analysts, engineers, programmers and others to design system and to obtain information on project limitations and capabilities, performance requirements and interfaces; Elaborate Enterprise Software and Hardware Architecture orientation and monitor compliance to design principles and guidelines; Coordinate software system installation and monitor equipment functioning to ensure specifications are met; Research and make recommendations on hardware and software purchases and negotiate with vendors to ensure cost-effective purchasing decisions; Manage Software Quality Assurance striving to achieve a high level of quality and independent verification of software reliability; Promote the use of innovative technologies that will provide benefits to the organization. Lead the introduction of new technologies in mobile devices, web 2.0 and social media; Develop and direct software system testing and validation procedures, programming, and documentation; Modify existing software to correct errors, allow it to adapt to new hardware, or to improve its performance; Obtain and evaluate information on factors such as reporting formats required, costs, and security needs to determine hardware configuration; Store, retrieve, and manipulate data for analysis of system capabilities and requirements; Write computer programs of higher complexity or with specific performance, connectivity or business logic requirements; Supervise the work of programmers, technologists and technicians and other engineering and scientific personnel. Establish and maintain a disaster recovery plan Qualifications and Requirements A Bachelor's Degree in a Computer related field or equivalent; 6+ years experience in related role in a FINTECH industry Ability to identify complex problems and review related information to develop and evaluate options and implement solutions; Knowledge of various programming languages, and ability to determine how a system should work and how changes in conditions, operations, and the environment will affect outcomes. Strong knowledge of building payment applications and interface Personal Attributes: Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems. Attention to Detail - Job requires being careful about detail and thorough in completing work tasks. Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations. Innovation - Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems. Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.
          Senior Software Architect/Developer at Capricorn Digital Limited      Cache   Translate Page   Web Page Cache   
Capricorn Digital Limited is a fast growing digital solution and distribution company based in Nigeria that supports the growth of businesses through the efficient and effective distribution of digital products and services by utilising an extensive distribution footprint across Nigeria. We focus on products and services that can be digitized and works with merchants to create the most efficient and effective means of distributing those products and services, thereby reducing time to market and driving sales.Job Summary The senior software architect will be primarily responsible for developing, creating, and modifying general computer applications software or specialized utility programs Analyzing user needs and developing software solutions, and designing software or customizing software for company use with the aim of optimizing operational efficiency. Essential Duties and Responsibilities Provides vision, planning and coordination of all software development and/or implementation activities. Establishes standards in software development and integration; Analyze user needs and software requirements to determine feasibility of design within time and cost constraints; Document business requirements using formalism such UML or other object oriented modeling tools; Confer with systems analysts, engineers, programmers and others to design system and to obtain information on project limitations and capabilities, performance requirements and interfaces; Elaborate Enterprise Software and Hardware Architecture orientation and monitor compliance to design principles and guidelines; Coordinate software system installation and monitor equipment functioning to ensure specifications are met; Research and make recommendations on hardware and software purchases and negotiate with vendors to ensure cost-effective purchasing decisions; Manage Software Quality Assurance striving to achieve a high level of quality and independent verification of software reliability; Promote the use of innovative technologies that will provide benefits to the organization. Lead the introduction of new technologies in mobile devices, web 2.0 and social media; Develop and direct software system testing and validation procedures, programming, and documentation; Modify existing software to correct errors, allow it to adapt to new hardware, or to improve its performance; Obtain and evaluate information on factors such as reporting formats required, costs, and security needs to determine hardware configuration; Store, retrieve, and manipulate data for analysis of system capabilities and requirements; Write computer programs of higher complexity or with specific performance, connectivity or business logic requirements; Supervise the work of programmers, technologists and technicians and other engineering and scientific personnel. Establish and maintain a disaster recovery plan Qualifications and Requirements A Bachelor's Degree in a Computer related field or equivalent; 6+ years experience in related role in a FINTECH industry Ability to identify complex problems and review related information to develop and evaluate options and implement solutions; Knowledge of various programming languages, and ability to determine how a system should work and how changes in conditions, operations, and the environment will affect outcomes. Strong knowledge of building payment applications and interface Personal Attributes: Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems. Attention to Detail - Job requires being careful about detail and thorough in completing work tasks. Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations. Innovation - Job requires creativity and alternative thinking to develop new ideas for and answers to work-related problems. Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude
          Head, Diaspora & Remittances at United Bank for Africa (UBA)      Cache   Translate Page   Web Page Cache   
United Bank for Africa Plc (UBA) is one of Africa's leading financial institutions, with operations in 19 African countries and 3 global financial centres: London, Paris and New York. From a single country organisation founded in 1949 in Nigeria, UBA has grown to become a Pan-African provider of financial services with over 11 million customers, through close to 1000 business offices and touch points globally.Reference #: DIARE072018 Location: Lagos Contract Type: Permanent Job Functions: Business Development Industries: Financial Services Specification The Head, Diaspora & Remittances devises strategies and executes all required actions for setting up and performance managing the diaspora and expatriate banking services of the bank. He/She also oversees remittance business and its expansion drive globally while ensuring the deployment and roll-out of new products in the emerging market of remittances. Responsibilities The responsibilities of the role include the following: To provide overall stewardship: Develop and implement business strategies to ensure increased Diaspora customer base, deposits, earnings, and usage of all bank products and services globally. Promote remittances from the diaspora by providing cost effective ways of sending money home and actively initiating strategic business alliances/partnerships that will lead to long term business ties with Africans in Diaspora & foreign investors interested in investing in Africa. Provide an enabling working environment for remittance partners which will spur their growth in addition to ensuring growth in the bank's liability book and remittance volumes from the diaspora. Adapt to and manage organizational and global changes needed to meet goals involving expatriate banking and e-business strategies. Constant touch with regulatory provisions and external relations to ensure standard practices and adequate bench - marking of competitors in the business. Ensure positive brand perception and penetration in the global market. To define and manage the bank's strategy to grow revenue in the diaspora/remittance business segment: Develop and implement sales strategy and ensure that there is increased Diaspora customer base, deposits, earnings, and usage of all bank products and services. Plan, manage and execute campaigns in international markets with high customer potential for recruitment and articulate Bank focus with targeted presentations. Plan, Prepare and execute sales campaigns in the international Diaspora presence countries with high customer potential for recruitment and articulate Bank focus with targeted presentations. Work with IT to build customized business solutions or enhance existing solutions for efficient inward/outward remittances. Analyze MIS to ascertain Remittance product/channel performance and propose short-term and long-term strategies. Monitor performance group wide and drive subsidiaries to close performance gaps while proactively seeking out challenges to achieving 100% of set targets. Manage brand equity to grow UBA Group market share for the global deposits from the diaspora remittance inflows Carry out market intelligence for purposes of collating information that will assist the bank position itself competitively in the Remittance market and take advantage of the Global Remittance flows into the UBA presence countries. Identify, train and follow up on the implementation of the Performance Management System. Interface with all subsidiaries remittance units to ensure that group wide targets are met and activities necessary to boost our market share are executed. Discover and perpetuate relationships on a global scale: Build stakeholder relations with emphasis on government agencies, ministry of foreign affairs, international agents to drive customer recruitment and relations. Design channels for customer communication specific to diaspora market segmentation including but not limited to social networks. Be the principal contact point for the bank's relationship with a designated portfolio of Diaspora customers and non-customers. Explore, conceptualize and build new product propositions and Partnerships with Fintechs Ensure customer relations are maintained well to reduce complaints and retain existing expatriate customers. Support development of branch budgets and targets for integrated partners such as Western Union and MoneyGram business and other Third party IMTO. Provide business support and coordinate other support activities: Effective Supervision of the respective Subsidiaries expatriate Product teams to achieve effective global product teams support. Effective liaison with all key stakeholders including Operations and IT teams to ensure smooth conduct of business and exceptional customer service. Ensure strict compliance to all Regulatory/relevant policies and regulations. Drive, implement and manage sub-agency initiatives: Ensure timely go-live and manage sub-agent operations across Diaspora presence countries. Drive subsidiaries to identify prospective sub-agents in line with strategic objective of extending diaspora and remittance products reach even to the remotest target customers Supervise the engagement, due diligence and sign-on processes. Anchor deployment, on boarding and training exercises. Requirements Education: Graduate Degree in Business/Finance. Masters' Degree or a relevant professional certification will be an advantage Experience: 10 years related experience in a large financial institution (local/regional) preferably at Managerial level specializing in Remittance management/diaspora banking Knowledge required: Extensive knowledge of business industry trends and practices, and a good understanding of legislation related to financial services and channel delivery. Excellent knowledge of expatriate banking models and outreach promotional strategies. All relevant banking policies, processes, procedures and guidelines Thorough knowledge of retail banking products and services, expatriate products Extensive banking industry knowledge including internet based technologies. Exposure to Diaspora Marketing in overseas locations will be an added advantage Good knowledge of money transfer (Remittances- both Local and International) Operations Skills required: Ability to work well in a team, as well as manage multiple priorities in quick time frames. Excellent problem analysis and solving skills coupled with strong decision making skills. Demonstrable relationship management and influencing skills Sales and Marketing skills to effectively sell Bank products and expand market share Proven business development track record Self-driven, innovative and solution oriented Excellent digital and analytical skills Capable of working out alternatives to mitigate risk for the Bank
          Londres donne un coup de fouet à son projet de « bac à sable » pour les fintech      Cache   Translate Page   Web Page Cache   
La Financial Conduct Authority a annoncé le lancement d'un réseau de douze régulateurs financiers. L'un de ses objectifs sera de travailler à un espace d'expérimentation commun pour les start-up de la finance.
          Going for growth: using regtech and fintech to get ahead      Cache   Translate Page   Web Page Cache   
Today's fintech and regtech offerings are allowing mid-size companies to pursue new opportunities and even go global.
          States Spar With White House Over Fintech Oversight      Cache   Translate Page   Web Page Cache   
The Trump administration’s plan to expand the federal government’s role in overseeing financial-technology startups has prompted pushback from some states, setting up a fight over who will regulate new markets for online lending and other banking products.
          Technical Lead - Prodigy Labs - Toronto, ON      Cache   Translate Page   Web Page Cache   
Prodigy Labs is looking to hire talented technical leads to provide technical guidance and leadership for various initiatives in the fintech space....
From Prodigy Labs - Tue, 07 Aug 2018 17:30:02 GMT - View all Toronto, ON jobs
          Data Engineer (Senior / Lead) Big Data OOP      Cache   Translate Page   Web Page Cache   
Data Team - South East London - Data Engineer London to £80k Data Engineer / Data Scientist (Python Lucence Scala Spark). FinTech start-up that works with high profile... financial services and government organisations to provide data science services and complex software solutions to combat financial fraud is seeking...
          UK's FCA announces the Global Financial Innovation Network with 11 other regulators, including from US and HK, to coordinate policies on cryptocurrencies, more (Wolfie Zhao/CoinDesk)      Cache   Translate Page   Web Page Cache   

Wolfie Zhao / CoinDesk:
UK's FCA announces the Global Financial Innovation Network with 11 other regulators, including from US and HK, to coordinate policies on cryptocurrencies, more  —  A number of financial regulators from across the globe are forming a new alliance to facilitate the growth of financial technologies …


          Vice President - Business Development - FinTech Product Development Firm - IIT/NIT/BITS      Cache   Translate Page   Web Page Cache   
Bangalore, Karnataka - Vice President - Business Development - FinTech Product Development Firm - IIT/NIT/BITS (4-8 yrs) Bangalore Job Code: 601721 Bangalore...
          Vice President - Business Development - FinTech Product Development Firm - IIT/NIT/BITS (4-8 yrs)      Cache   Translate Page   Web Page Cache   
Bangalore, Karnataka - Vice President - Business Development - FinTech Product Development Firm - IIT/NIT/BITS (4-8 yrs) Bangalore Job Code: 601721 Bangalore...
          Los bancos suizos están incorporando clientes y activos criptográficos      Cache   Translate Page   Web Page Cache   
Otro banco privado suizo ha anunciado en un comunicado que está abierto para aceptar activos que se generaron con criptomonedas. El banco privado Maerki Baumann en Zurich está abierto a aceptar activos que se generaron con criptomonedas, "bajo la condición de que se cumplan estrictamente los estrictos requisitos reglamentarios y legales", dijo el director gerente Stephan Zwahlen a news.Bitcoin.com.

"Suiza sabe cómo proteger los activos"

La mayoría de los bancos suizos suelen rechazar los activos generados por las transacciones de criptomonedas, pero existen algunas excepciones. Según los informes, Maerki Baumann siguió a Falcon y aceptó oficialmente el manejo de dichos activos, pero no ofrece soluciones de gestión de activos en criptomonedas ni cuentas en criptografía, dijo el director gerente del banco a news.Bitcoin.com. Los fondos recaudados a partir de las transacciones criptográficas especulativas, los pagos por los servicios prestados o los éxitos de la minería están creciendo cada vez más, junto con la popularidad de las criptomonedas. Pero estos activos según los informes a menudo cumplen el rechazo de los bancos suizos. 
Vontobel , otro banco privado suizo, junto con Falcon, se encuentra entre los prestamistas que acuerdan manejar inversiones basadas en criptomonedas en nombre de sus clientes.

La contradicción suiza

Una de las contradicciones sobre Suiza, que aspira a convertirse en una "cripto nación" es que a pesar de tener cientos de las compañías de cifrado más famosas en todo el mundo con sede en Zug, casi ninguno de ellos tiene una cuenta bancaria suiza. La razón principal es el temor al dinero negro que ha contaminado a algunos de los principales bancos suizos a lo largo de la historia, dijo Marc Bernegger, un fintech suizo y empresario de cifrado, a news.Bitcoin.com en una entrevista en Zurich.
Bernegger ha sido un empresario de Fintech durante casi 20 años, y dijo que leyó el libro blanco de Satoshi en 2012. Inmediatamente sintió que Bitcoin tenía mucho potencial. "Entendí desde el primer día el impacto que la tecnología iba a tener. En los viejos tiempos, casi nadie en la industria tradicional de servicios financieros ni siquiera oía hablar de Bitcoin ", dijo. 
Los bancos suizos son clientes y activos de criptografía integrados
Marc Bernegger, miembro de la Junta de Crypto Finance AG
"Hoy en día, cuando se trata de criptomonedas, existe una comprensión de los servicios financieros que me recuerda [a] la antigua privacidad bancaria", dijo Bernegger. "No se trata de replicar eso nuevamente, pero creo que Suiza tiene una sólida reputación y conocimiento sobre la protección de los activos".
Sin embargo, el empresario suizo señaló que uno de los problemas en Suiza es que, oficialmente, casi no hay bancos haciendo cripto. "Todo el mundo va al Banco Frick, un pequeño banco en Liechtenstein, a una hora de Zurich", explicó Bernegger, pero esto está cambiando lentamente, observó. Bernegger, que también es miembro de la junta directiva de Crypto Finance Group, es parte de un grupo de trabajo dirigido por el ministro de Finanzas de Suiza, Ueli Maurer, y el ministro de Economía y Educación, Johann Schneider-Ammann, que incluye a funcionarios federales y locales, así como a miembros de varias nuevas empresas y representantes legales. "La iniciativa apunta a crear un entorno más amigable para las empresas", explicó Bernegger, "los nombres de los bancos [involucrados] no son públicos, pero hay algunos bancos principales [suizos] y varios otros bancos suizos que pronto "clientes de criptografía a bordo", reveló. "Personalmente creo que dentro de seis meses, será bastante común abrir cuentas como un cliente corporativo haciendo negocios de cifrado en Suiza".

El ministro de Finanzas invita a la Asociación Bancaria y al Banco Nacional a debatir

"El consejero federal Ueli Maurer recientemente tomó la iniciativa de invitar a la Asociación Bancaria Suiza (SBA), el Banco Nacional Suizo (SNB) y la Autoridad de Supervisión Bancaria de Finma a una mesa redonda para discutir el tema de las cuentas bancarias de las compañías de criptografía. Como resultado de esta mesa redonda, la SBA formó un grupo de trabajo para abordar el problema y está a la cabeza ", dijo a news.Bitcoin.com Peter Minder, jefe de comunicación del Departamento Federal de Finanzas de Suiza.
Swissquote Group, el banco suizo en línea, reportó una ganancia de 25.7 millones de CHF (~ $ 26.1million USD) desde el primer semestre de este año, lo que representa un aumento del 44 por ciento con respecto al mismo periodo del año anterior desde que comenzó a aceptar crypto. news.Bitcoin.com informó a principios de este mes. Desde una perspectiva de facturación, Swissquote es una de las empresas suizas con los ingresos más altos de todos los criptomerios en Suiza.
Hypothekarbank Lenzburg , un banco heredado suizo, también abrió la puerta a las empresas de cripto y blockchain en junio de este año. Su CEO, Marianne Wildi, quien se entrenó como programadora de computadoras, argumentó que Suiza debería adoptar un franco suizo criptográfico. El banco también evaluó los posibles riesgos de cumplimiento antes de decidir abrirse a blockchain y empresas de cifrado, y también informó a Finma de su decisión.

Swiss Crypto Companies Target Banking Licences

Las empresas de cifrado suizo también están tratando activamente de adquirir licencias bancarias con Finma, la autoridad supervisora ​​del mercado financiero nacional, y pronto podrán operar como los bancos. Es una cuestión de tiempo, dicen algunos.
El principal problema para Finma es que muchos de los tokens de criptomonedas se consideran valores, y para manejar valores como intermediario en Suiza, una empresa necesita obtener una licencia de intermediario, que al parecer nadie en Suiza dentro de la industria de cifrado tiene a este respecto. escenario. "Finma diferencia los tokens de pago, los tokens de utilidad y los tokens respaldados por activos. Los tokens de pago y utilidad no se consideran valores ", dijo a news.Bitcoin.com Yassine Ben Hamida, un ex banquero suizo que ahora está completamente involucrado en proyectos de cifrado, durante una entrevista telefónica en Suiza. "El problema es que necesita tener una licencia de corredor / distribuidor para manejar los tokens que se consideran valores", confirmó.
Los bancos suizos son clientes y activos de criptografía integrados
A Crypto Broker, que pertenece a Crypto Finance AG, no se le otorgó la licencia del distribuidor de seguridad de Finma, ya que la compañía no está negociando tokens de seguridad en este momento, dijo su director general en un correo electrónico. Sin embargo, la compañía está en proceso de obtener la licencia, se confirmó a news.Bitcoin.com.
Crypto Fund, un administrador de activos que también forma parte de Crypto Finance Group, es la primera compañía en Suiza que puede distribuir fondos extranjeros a "inversores calificados" o personas llamadas de alto patrimonio. Pero no son los únicos, dicen las fuentes involucradas en el mundo criptográfico suizo, porque supuestamente hay muchas empresas independientes suizas que lanzaron certificados para invertir en criptografía. "Este es uno de nuestros primeros hitos, porque finalmente nos estamos moviendo para convertirnos en un administrador de activos con licencia y un corredor. Crypto Finance Group aspira a convertirse en el proveedor de tecnología e inversión más avanzado y seguro del mundo ", dijo Mark Bernegger, que también es miembro de la junta directiva de Crypto Finance Group, a news.Bitcoin.com en un comunicado.

Custodia: cómo se pueden mantener los activos de cifrado en los bancos

Los principales medios informaron recientemente que Goldman Sachs está considerando un plan para ofrecer la custodia de los fondos criptográficos, sin citar ninguna fuente sólida. Según los informes, se cree que los japoneses Nomura, Bank of New York Mellon, JP Morgan Chase y Northern Trust están trabajando o explorando ofertas de custodia. En Suiza, actualmente no hay bancos que ofrezcan servicios de depósito de esos valores. Sin embargo, este es un mercado que se desarrollará rápidamente, según un ex ejecutivo de UBS y también ex ejecutivo de Julius Baer en Suiza.
Gazprombank Switzerland Ltd. , un banco ruso de propiedad estatal, y el tercero más grande del país por activos,  también está investigando el servicio de custodia de activos de criptomonedas y trabajando con auditores y con Finma, según fuentes cercanas al asunto. Sin embargo, el banco no pudo hacer ninguna declaración oficial sobre el tema en esta etapa, dijo una portavoz a news.Bitcoin.com.


          Cutting the Banks Off at the Knees with Fintech      Cache   Translate Page   Web Page Cache   

Not even 30 years have passed since the World Wide Web came onto the scene. And now, all of this money is kind of just floating around in space — on the internet, in the ‘cloud’, and now in invented currencies. But make no mistake, this is the way things are going. And its not slowing down. In fact, it’s just getting started…

The post Cutting the Banks Off at the Knees with Fintech appeared first on Stock Market News, Finance and Investments | Money Morning Australia.


          Treasury Department Issues Regulatory Report on Fintech and Innovation      Cache   Translate Page   Web Page Cache   
Ropes & Gray LLP
          Distribute press release to fintech and crypto publications in Singapore, India and US      Cache   Translate Page   Web Page Cache   
Need someone who can help publish news and articles in fintech, tech, crypto publications in Singapore, India and US. (Budget: ₹1500 - ₹12500 INR, Jobs: Article Writing, Content Writing, Press Releases)
          Online Payment Gateway Market Is Forecasted to Reach a Figure of US $191.7 Bn by 2028      Cache   Translate Page   Web Page Cache   

Support from Emerging Economies to Benefit Revenue Growth of the Global Online Payment Gateway Market in Forecast Period.

Valley Cottage, NY -- (SBWIRE) -- 08/08/2018 -- Future Market Insights (FMI) has recently published a new research report on the online payment gateway market titled "Online Payment Gateway Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028)." The report states that the growing prevalence of third party payment processes is expected to have a positive impact on the growth of the global market. Websites have always been a good source for channel merchants for generating revenue. Concentrating on the current scenario, the share for mobile usage has been growing significantly. The traditional ways of accepting payments has been declined as compared to advanced payment methods.

Request to View Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4331

Different mode of transactions are used for payment gateways such as real-time bank transfers, direct debits, and others. Transactions that include payment gateways are prepaid cards, debit cards, credit cards, and charge cards. The most widely used forms are credit cards and debit cards. Credit cardholders draw on a credit limit permitted by the card issuer such as a bank, store, or service provider. Credit card balances are usually rolling, whereby, part of the balance needs to be paid on a 30-day basis, until the full balance is paid. Whereas, debit cards are bank cards used in cash transactions, which are not credit cards. In a debit card transaction, the amount of a purchase is withdrawn from the available balance in the cardholder's account. If the available funds are insufficient, the transaction is not completed. This is also called asset card (in the US), or payment card.

Companies operating in the market are also eyeing on the opportunities available in the global market. Some of the leading companies operating in this market are PayPal Holdings, Inc., Amazon.com Inc., Avenues India Pvt. Ltd., Stripe, and CCBill. According to the report, the global online payment gateway market is expected to witness a CAGR of 10.3% from 2018 to 2028. The market is expected to reach a valuation of US$ 191.7 Bn by the end of the forecast period rising from a valuation of US$ 65.5 Bn in 2017.

Growing Third Party Payments to Augur Well for Global Market Growth

Emerging markets are the home for 85% of the global population, and about 90% of people under 30 years of age reside within these emerging markets. These markets are presently discovering themselves at a 'sweet spot', where the population is favouring the growth of online transactions, which are in turn curtailing the black economy and stimulating economic growth. By opening up the banking market to non-bank players, regulators are side-stepping the requirement for banking institutions to being able to provide a full spectrum of financial services. This has brought about the 'FinTech Revolution'. This has been a driver for the online payment gateway market, as regulators are allowing third parties to control payment processing.

Request Report for Table of Contents @ https://www.futuremarketinsights.com/askus/rep-gb-4331

NFC Payments to Obstruct Market Revenue Growth

Eyeing the current market scenario, payment gateways are booming all over the world, but there are new innovations to come. One such innovation that is predicted to come soon and is being worked upon is the payment through NFC technology, which could be the substituting point for the payment gateway market.

For more information on this press release visit: http://www.sbwire.com/press-releases/online-payment-gateway-market-is-forecasted-to-reach-a-figure-of-us-1917-bn-by-2028-1025690.htm

Media Relations Contact

Abhishek Budholiya
Manager
Future Market Insights
Telephone: 1-347-918-3531
Email: Click to Email Abhishek Budholiya
Web: https://www.futuremarketinsights.com

#source%3Dgooglier%2Ecom#https%3A%2F%2Fgooglier%2Ecom%2Fpage%2F%2F10000


          Chuyên viên kế toán, số lượng 2 người      Cache   Translate Page   Web Page Cache   
Tp Hồ Chí Minh - hiện chức năng này Username / Email Mật khẩu Đăng nhập bằng: Chuyên viên kế toán, số lượng 2 người Công Ty TNHH Vietnam Fast Fintech... GTGT - Thực hiện giải ngân và cập nhật dữ liệu khách hàng thanh toán hàng ngày - Giao dịch với ngân hàng, cơ quan thuế - Báo cáo số liệu...
          European crypto exchange Exmo partners with Mistertango for faster payments and transfers      Cache   Translate Page   Web Page Cache   
Mistertango, the first crypto-friendly fintech company, today announced a partnership with one of th... Reported by Finextra 10 minutes ago.
          Fintech Analyst - Federal Reserve Bank of San Francisco - San Francisco, CA      Cache   Translate Page   Web Page Cache   
Builds strong internal and external networks; In addition, we partner with internal resources to develop potential innovative technology solutions to enhance SF...
From Federal Reserve Bank of San Francisco - Sat, 16 Jun 2018 04:39:01 GMT - View all San Francisco, CA jobs
          8/9/2018: ENTREPRISES & MARCHÉS: RÉGULATION      Cache   Translate Page   Web Page Cache   
Londres donne un coup de fouet à son projet de « bac à sable » pour les fintech.
          States Spar With White House Over Fintech Oversight      Cache   Translate Page   Web Page Cache   

The Trump administration’s plan to expand the federal government’s role in overseeing financial-technology startups has prompted pushback from some states, setting up a fight over who will regulate new markets for online lending and other banking products. Source link

link: States Spar With White House Over Fintech Oversight


          Senior Manager - FinTech Strategy and Investor Engagement (Ref# SMFTSIE180809J) - Hong Kong Cyberport Management Company Limited      Cache   Translate Page   Web Page Cache   
Salary: Salary negotiable, 8 yr of exp, posted on 09 Aug 2018 07:01:00
          Bróker appok: egyik sem tökéletes, de vannak kevésbé rosszak      Cache   Translate Page   Web Page Cache   

A legjobb az, amikor egy-egy pénzzel foglalkozó cég a hibajelentésre azt válaszolja, hogy 'á, de az nem is nagy baj!'

Bróker appok: egyik sem tökéletes, de vannak kevésbé rosszak | FinTechRadar.


          Bajba sodorta a Teslát a szabadszájú Elon Musk      Cache   Translate Page   Web Page Cache   

Elon Musk bemutatta, hogyan törvénysértő beszélni egy cég jövőbeli terveiről. A tőzsdefelügyelet már írja is a sárgacsekket.

Bajba sodorta a Teslát a szabadszájú Elon Musk | FinTechRadar.


          Marketing Manager (SEO) // Penta Fintech Ltd      Cache   Translate Page   Web Page Cache   

We are looking for a native German speaking Marketing pro to join our team in Berlin! About Penta At Penta, we’re on a mission to simplify business banking. So that business owners can focus on developing their business. We‘re looking for bold team members to join us who deeply believe in tomorrow‘s business banking being truly digital. No...

Check out all open positions at http://BerlinStartupJobs.com


          Fintech Analyst - Federal Reserve Bank of San Francisco - San Francisco, CA      Cache   Translate Page   Web Page Cache   
Builds strong internal and external networks; In addition, we partner with internal resources to develop potential innovative technology solutions to enhance SF...
From Federal Reserve Bank of San Francisco - Sat, 16 Jun 2018 04:39:01 GMT - View all San Francisco, CA jobs
          Philippines Building Crypto Valley of Asia      Cache   Translate Page   Web Page Cache   

The Philippines government is building Crypto Valley of Asia, a cryptocurrency and fintech hub similar to the one in the canton of Zug, Switzerland. The estate will be built at the Cagayan Special Economic Zone and Freeport in partnership with private property developer Northern Star Gaming & Resorts Inc. The zone is already set to […]

Post source: Philippines Building Crypto Valley of Asia

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com


          European crypto exchange Exmo partners with Mistertango for faster payments and transfers      Cache   Translate Page   Web Page Cache   
Mistertango, the first crypto-friendly fintech company, today announced a partnership with one of th...
          BMO Harris teams up with fintech programme participants      Cache   Translate Page   Web Page Cache   
Chicago-based BMO Harris Bank has begun working with two local fintech startups that it met through...
           2019年CFA新增Fintech版块 CFA考生群炸了       Cache   Translate Page   Web Page Cache   
  2019年CFA考试官方考纲出炉后,考生们的反应是这样的。。。   最近,关于CFA的大事件,除了即将到来的出成绩之外,就要数2019年的CFA考纲大变了!在上一篇文章中,高顿君也为大家详细对比了2019年CFA一二级知识点的变化。   而在这里,高顿君也要再次提醒大家,新增的Fint....
          Java Developers Contract      Cache   Translate Page   Web Page Cache   
JAVA DEVELOPERS (FINANCIAL SERVICES - CONTRACT): WARRINGTON, EXCITING FINTECH BUSINESS. GREENFIELD PROJECTS, RATE £(Apply online only) PER DAY DEPENDING ON EXPERIENCE AND TECHNICAL LEVEL. 6 MONTH INITIAL CONTRACT WITH POTENTIAL FOR EXTENSIONS.The RoleOur client is an award-winning and fast-growing financ..
          Head of Mobile Engineering - Growing FinTech Startup - Michael Page - Bangalore Urban, Karnataka      Cache   Translate Page   Web Page Cache   
Leading multiple self-forming mobile engineering teams that span native iOS & Android platforms as well as hybrid applications....
From Michael Page IN - Sat, 12 May 2018 08:42:17 GMT - View all Bangalore Urban, Karnataka jobs
          Fintech: Paypal-Gründer Peter Thiel investiert in Steuer-App Taxfix      Cache   Translate Page   Web Page Cache   
Die Steuererklärung in 20 Minuten erledigen – das verspricht das Berliner Startup Taxfix. Dafür gab es jetzt 13 Millionen Dollar.
          As propostas sobre tecnologia e inovação de cinco presidenciáveis      Cache   Translate Page   Web Page Cache   

Brasil Econômico

Em São Paulo, Marina Silva, Geraldo Alckmin, Guilherme Boulos, Henrique Meirelles e João Amoêdo apresentaram seus projetos para o tema

Durante 20 minutos, os cinco candidatos puderam falar sobre seus projetos de governo para tecnologia, inovação, produtividade e identidade digital

Durante 20 minutos, os cinco candidatos puderam falar sobre seus projetos de governo para tecnologia, inovação, produtividade e identidade digital

Foto: Shutterstock

Na última terça-feira (7), durante o GovTech Brasil, em São Paulo, Marina Silva (Rede), Geraldo Alckmin (PSDB), Guilherme Boulos (PSOL), Henrique Meirelles (MDB) e João Amoêdo (Novo) apresentaram suas agendas de tecnologia e inovação para os próximos quatro anos.

Leia também: Tudo sobre as Eleições 2018

Todos os candidatos que têm a partir de 1% das intenções de votos foram convidados a participar, segundo a assessoria do evento. Ciro Gomes (PDT), Jair Bolsonaro (PSL), Fernando Haddad (vice na chapa de Lula, do PT) e Álvaro Dias (Podemos) disseram ter outros compromissos previamente agendados e não compareceram.

Os candidatos foram entrevistados individualmente pelo apresentador Luciano Huck. Durante 20 minutos, os cinco puderam falar sobre seus projetos de governo para tecnologia, inovação, produtividade e identidade digital. Confira:

Marina Silva

Para Marina, o governo deve disponibilizar dados sobre o desmatamento da Amazônia para universidades e ONGs: “É a tecnologia a serviço da proteção do meio ambiente

Para Marina, o governo deve disponibilizar dados sobre o desmatamento da Amazônia para universidades e ONGs: “É a tecnologia a serviço da proteção do meio ambiente"

Foto: Elza Fiuza/Agência Brasil

Para a candidata da Rede, é possível utilizar a tecnologia nas áreas de “segurança, saúde, em ações de combate aos crimes ambientais, na detecção de desmatamento, na proteção da diversidade e no envolvimento da sociedade em diferentes níveis”.

Leia também: Marina Silva propõe diversificar o setor de crédito e cita aposta nas Fintechs

A presidenciável ainda destacou a necessidade de se criar um programa de integração entre os diferentes serviços oferecidos pelo governo, “algo capaz de potencializar as ações”, como um alerta para enchentes ou incêndios, por exemplo. “Um celular pode enviar a informação e isso torna o socorro mais ágil, evitando ou auxiliando no atendimento de catástrofes ambientais”, explicou.

Além disso, segundo Marina, o governo deve disponibilizar dados sobre o desmatamento da Amazônia para universidades e ONGs, mesmo que isso possa gerar certo constrangimento. “É a tecnologia a serviço da proteção do meio ambiente, da ética na política, do cidadão”, disse. “A Amazônia não espera, as mudanças climáticas não esperam”.

Sobre a área de informação, a candidata defendeu a ideia de que os dados se tornaram um recurso de primeira necessidade, mas que precisam ser melhor resguardados pela lei. “É preciso segurança, proteção, porque essas informações podem ser usadas para interesses escusos. É desejável uma base integrada, que não deixe o cidadão vulnerável”, afirmou.

Geraldo Alckmin

Durante o GovTech, Alckmin destacou ser favorável a parcerias público-privadas para o desenvolvimento de sistemas de tecnologia para a sociedade

Durante o GovTech, Alckmin destacou ser favorável a parcerias público-privadas para o desenvolvimento de sistemas de tecnologia para a sociedade

Foto: José Cruz/Agência Brasil

Simplificar, desburocratizar e destravar a economia, fazendo o Brasil voltar a crescer: esta é a proposta do candidato do PSDB. “O Brasil tem 17 mil quilômetros de fronteiras secas e sem tecnologia é impossível monitorar isso”, disse. “[A tecnologia] precisa ser implementada na segurança, na saúde, na educação, visando reduzir custos e ser uma vacina contra desvios”.

Leia também: Geraldo Alckmin promete retomar obras paradas e revisar investimentos do FGTS

O tucano também defendeu a criação de uma carteira de identidade digital, um só documento que contenha todas as informações pessoais de um cidadão. Para ele, seria uma mudança estrutural, porque o país “tem uma cultura de cartório”, “do carimbo, do selo, do documento”.

Alckmin ainda destacou ser favorável a parcerias público-privadas para o desenvolvimento de sistemas de tecnologia para a sociedade. “Sou fã de concessão e PPP”, afirmou o presidenciável. “O Estado precisa planejar, regular, fiscalizar. Não precisa ser empresário, mas sim estabelecer prioridades, os marcos regulatórios. As parcerias são um bom caminho”.

Guilherme Boulos

Ao contrário de Alckmin, o candidato do PSOL não acredita que “o setor privado é a parceria que vai resolver tudo” no setor de tecnologia e inovação

Ao contrário de Alckmin, o candidato do PSOL não acredita que “o setor privado é a parceria que vai resolver tudo” no setor de tecnologia e inovação

Foto: Gabriel Soares

Assim como o tucano, Boulos disse ser a favor da implementação da identidade digital. Para o candidato do PSOL, é preciso “uma unificação dos documentos” para “usar a tecnologia como forma de participação e consulta das pessoas”.

No evento, o presidenciável também defendeu a universalização da internet no Brasil. “Estive no Acre, no Mato Grosso do Sul, no Pará. Não há sinal de internet em lugares desses estados… Aqui também, na verdade. Quem não sabe o que é ir para a sala ou para o banheiro para conseguir sinal?”, afirmou.

Leia também: Dinamismo econômico se retoma com intervenção do Estado, diz economista do PSOL 

Para Boulos, ainda, é preciso direcionar os investimentos públicos para sair da crise, combater desigualdades e alcançar a inovação. Ao contrário de Alckmin, o candidato do PSOL não acredita que “o setor privado é a parceria que vai resolver tudo”.

E completou: “O iPhone foi criado com dinheiro público, não foi a Apple que financiou a pesquisa. A ciência e a tecnologia vêm do investimento do Estado no mundo todo, mas no Brasil, hoje, menos de 1% do PIB é destinado a essa área”.

Henrique Meirelles

O presidenciável do MDB destacou que é preciso mais incentivo ao desenvolvimento da tecnologia. “Isso tem que ser uma política

O presidenciável do MDB destacou que é preciso mais incentivo ao desenvolvimento da tecnologia. “Isso tem que ser uma política", defendeu

Foto: Pedro Ladeira/Folhapress

O plano de Meirelles para a tecnologia inclui digitalizar o governo federal. “Temos o problema da complexidade burocrática. Precisamos trazer facilidade, rapidez, transparência, e depois estender a toda a sociedade”, argumentou o ex-ministro da Fazenda.

Para o emedebista, também é necessário integrar todo o governo em um único sistema - e citou como exemplo, assim como Alckmin e Boulos, a criação de uma identidade única. “Um cartão nacional, com histórico médico e até carteira de motorista”, explicou. “Você pega os documentos digitais, são seis. Não tem nenhuma sinergia. Precisamos de algo mais centralizado”.

Leia também: Henrique Meirelles defende reformas para investimentos e crescimento econômico

O presidenciável ainda destacou que é preciso mais incentivo ao desenvolvimento dessas tecnologias. Para ele, o país necessita de um modelo de ensino específico que lhe permita um salto de crescimento na educação, na saúde, na segurança e na produtividade. “Isso tem que ser uma política, precisa ter um gabinete digital”, finalizou.

João Amoêdo

Para Amoêdo, candidato do Novo, a mudança da tecnologia representa uma mudança de poder, que tira da burocracia e dá ao cidadão

Para Amoêdo, candidato do Novo, a mudança da tecnologia representa uma mudança de poder, que tira da burocracia e dá ao cidadão

Foto: Divulgação/Novo

Segundo o candidato do Novo, a inovação pode ser usada para mudar a política hoje, dando mais liberdade e autonomia para todas as pessoas. Amoêdo também defendeu a criação de uma identidade única e digital: “Isso vai ajudar a desburocratizar. É um problema que gera muito custo, especialmente aos mais pobres”.

Para o presidenciável, a mudança da tecnologia representa uma mudança de poder, que tira da burocracia e dá ao cidadão. Como Alckmin, ele também quer fazer parcerias público-privadas no setor. “O governo é ineficiente, mas poderia se encarregar da infraestrutura enquanto a iniciativa privada se encarregaria do software”, argumentou.

Amoêdo afirmou, ainda, que é preciso pensar em tudo o que puder ser feito para aumentar a produtividade e a geração de riqueza, isto é, “produzir mais com menos”.

Leia também: João Almoêdo torna-se candidato oficial do Partido Novo ao Palácio do Planalto

“Até a década de 1980, nossa produtividade era igual à da Coreia do Sul. Mas nos últimos 30 anos, o Brasil parou e os sul-coreanos dispararam”, lembra. “Estamos muito atrasados, e a melhor forma de recuperar esse gap [lacuna, no termo em inglês] é por meio da tecnologia”.


          The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos      Cache   Translate Page   Web Page Cache   

In today’s edition of Bitcoin in Brief we cover stories about Shapeshift acquiring Bitfract, Bitmain investing in Tribeos, a dozen regulators from around the world setting up a global fintech sandbox and an ICO mogul reportedly buying a soccer team. Also Read: Crypto Tax App Libra Raises $15M in Series B Funding Shapeshift Acquires Bitfract […]

Post source: The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com


          Gästinlägg: Vattennät, avloppsnät, elnät, vägnat, banknät?      Cache   Translate Page   Web Page Cache   
Nedanstående är ett gästinlägg signerat Oskar Ege.

Kommer storbankerna röra sig bort från rampljuset och istället ta rollen som underhållare av ekonomisk infrastruktur? FinTech-branschens explosiva tillväxt och innovationstakt - nu accelererad av det senaste betaltjänstdirektivet PSD2 – har skapat förutsättningar för en sann revolution inom bankvärlden.
Datornät.


FinTech-bolagen har redan färdiga tjänster och appar med miljoner dagliga användare. Tidigare har dessa tjänster erbjudit sådant som bankerna själva inte sett som en produkt; bättre ekonomisk kontroll och överblick med hjälp av pedagogiskt presenterad transaktionsdata från appar som Mina Tjänster och Tink. Kreditprövningar baserat på transaktionsmönster med en tjänst som Instantor. Dessa affärskoncept har välkomnats av storbankerna och kunderna har fått bättre tjänster utan att bankernas marginaler påverkats.

Men tjänster som Klirr, en app som kommer avrunda vanliga kortköp för investering i företagets egna fonder ger sig snillrikt på en av bankernas mest lönsamma tjänster – fondförvaltning. Lendify slåss för att etablera en just nu svängig marknad för ”person till person”-lån medan större uppstickare som Klarna, Izettle och Bamboora snabbt plockar marknadsandelar bland betaltjänsterna. Företag som Enkla försöker plocka guldkornen ur storbankernas bolåneportfölj genom genom busenkel handläggning och låga räntor. Sedan finns Kivra som utan kostnad sätter upp en digital brevlåda, på ytan helt orelaterat till bankvärlden men som nyligen möjliggjort för kunden att betala digitala räkningar direkt i appen. Utanför dessa ultra-nischade konkurrenter kan du nu få bolån i kön på Ica, låna pengar av Norwegian och sköta alla dina ordinarie bankärenden genom ditt försäkringsbolag. Tittar man lite längre framåt i tiden så ser vi hur kreditgivare och investeringsplattformar jobbar febrilt på AI-baserad ärendehantering och rådgivning. Med detta sagt har vi inte ens petat på de riktiga globala jättarna som Apple, Facebook och Google. Företag som både har resurserna, kunnandet och användarbasen för att i ett svep slå undan hela marknadssegment.

Bara antalet kategorier bankrelaterade företag som dykt upp det sista årtiondet är svårt att greppa eller definiera. De har dock alla något gemensamt; de plockar bankernas lågt hängande frukter och missade möjligheter. Med en nischad produkt kan uppstickarna snabbt erbjuda lösningar obehindrade av kompabilitetskrav med övriga produkter inom storbankernas svällande myriad av ofta mediokra tjänster. Från den positionen kan nykomlingar växa och fånga upp närliggande tjänster likt vad vi sett med Kivra, Mina Tjänster och Tink.

På andra sidan av den här utvecklingen står Storbankerna och osäkert funderar hur de ska möta framtiden. Samtliga pratar om att de är medvetna om utvecklingen och utmaningarna men i stort handlar deras respons om att jobba vidare med digitaliseringen av befintliga tjänster. I linje med detta har miljoner investerats i mindre omvälvande tjänster likt Tink och Mina Tjänster.
Samtidigt som storbankerna pumpar in miljardbelopp i uppköp, utveckling samt underhåll av appar och hemsidor har de mycket kvar att bevisa. Inte ens deras stora gemensamma framgång Swish går säker när exempelvis Apple så småningom implementerar blixtsnabba överföringar genom din ordinarie SMS-app.

Man behöver vara exceptionellt optimistisk för att tro bankerna är flexibla nog för att hänga med alla sina nya och fokuserade konkurrenter. Trots stora investeringar i både tid och resurser kommer de förlora område efter område till smartare och piggare utmanare. Framtiden är snart här då Banken är en nödvändig men osynlig infrastruktur till dina ekonomi-appar på samma vis som bredband är nödvändigt för att se på Netflix. Det nya PSD2-regelverket släpar just nu bankerna mot denna framtid, vissa mer motvilligt än andra. Regelverket har fått samtliga storbanker att lansera utvecklingsmiljöer s.k. Open Banking för att förenkla tredjeparts utveckling och implementering av nya tjänster och idéer. Det är ett nödvändigt steg om de vill undvika att bli den bank som är inkompatibel med framtidens appar och tjänster, en tydlig indikation på var de är på väg.

Hur mycket de än slåss för att bevara tidigare traditionella områden så kommer de bli omsprungna. Rörelsen mot Open Banking och bankers roll som en infrastruktur istället för en hub för all din ekonomi kommer gå allt snabbare. Även i framtiden behöver någon stå för konton, kapitalkrav, regelefterlevnad osv, allt sådant som framtidens FinTech kommer bygga sin verksamhet på. Kommer någon av storbankerna inse detta och identifiera sitt försprång eller låter de någon pigg millenial komma före?

/Oskar Ege
          Fintech Analyst - Federal Reserve Bank of San Francisco - San Francisco, CA      Cache   Translate Page   Web Page Cache   
Builds strong internal and external networks; In addition, we partner with internal resources to develop potential innovative technology solutions to enhance SF...
From Federal Reserve Bank of San Francisco - Sat, 16 Jun 2018 04:39:01 GMT - View all San Francisco, CA jobs
          Group representing US states wants less federal fintech oversight      Cache   Translate Page   Web Page Cache   
A group representing US states is pushing back against federal efforts to oversee financial-technology startups and to issue  -More

          Banks hesitate to work with risk-management fintechs      Cache   Translate Page   Web Page Cache   
A survey of 15 risk-management financial-technology startups finds they have trouble securing bank contracts because of drawn -More

          Djangostars: How to Build a Unique Technology for Your Fintech Product with Python      Cache   Translate Page   Web Page Cache   
How to Build a Unique Technology for Your Fintech Product with Python

Fintech is a maze. It’s a thrilling and extremely complex industry for software development. There are state level regulations, integrations with different services and institutions, bank API connections, etc. to deal with. Another challenge is the high level of trust from the end users required to run finance, mortgages, investments and such. These, in turn, require the highest level of security, functionality, and correspondence with requirements.

What I’m trying to say is that the more unique the software is, the higher it’s valued. Without a properly working and trustworthy software, any financial venture will die down and lose worth. People need financial technology that will last, and I’m going to tell you how we achieved this with Python/Django technological stack while developing fintech products. It’s especially pleasant to say after Python has become the world’s most popular coding language.

Fintech: The Importance of Being Unique

In the world of finance, there are two streams that still coexist. On one hand, there are the millennials who stride gloriously into the future while mastering contactless payments, using on-line banking and all kinds of digital financing services. In an effort to avoid old school bureaucracy, they build their lives in a way that no generation before them did.

On the other hand, there’s the good old traditional financing services. This is a hell of a machine, hundreds of years old, that you can’t stop that easily. Even if it acknowledges the effect that new technology has on finance, it still doesn’t see it as neither as a threat, nor as a worthy competitor.

An attitude like this is especially typical of the most developed countries, such as the G7, which have the most of the money. The most of the old money, I might add. As well as the most people who are ready to operate it and the most highly technological startups. However, the thing is, their financial system is so old and hard-shelled, that it’s not always ready to change.

Deloitte has proven this in their statistics for 2017 that shows exactly how G7 sees and uses financial technology as opposed to the rest of the world. Deloitte researchers note:

“Surprisingly, with regard to mobile payments, 40 percent of executives from the United States expect little to no impact to their industry. With the caveat that the sample size is relatively small, 7 out of the 17 US banks (41 percent) saw little to
no impact from mobile wallets and other payment technologies, vs. 14 out of 36
(37 percent) of the nonbanks.”

Meanwhile, developing countries have a number of black holes in the financial sector that allow space for growth. These black holes are slowly but surely being taken over by fintech. By doing so, it gives people in these countries more opportunities, like working with
developed countries and getting paid easily and securely. Fintech removes financial
borders, and that’s one of my favorite things about it.

Usage of emerging technologies: G7 vs rest of the world (ROW)

How to Build a Unique Technology for Your Fintech Product with Python

No matter how skeptical the G7 is towards fintech, technology continues changing finance. One of the reasons is that technology is more flexible and is able to adapt to new users’ needs, such as the needs and demands of the millennials. With their new habits, their high digital sensitivity, and digital presence, this generation feels the need to be productive every waking moment, can’t afford to waste time, travels a lot, and values financial freedom no matter where they are.

Confirming my thoughts, the Wall Street Journal, for example, says that the ease of payments attracts people that are comfortable with technology and have a busy lifestyle. Users of mobile payments mostly have higher education, work full time, are predominantly male, and are also very active financially. For instance, compared to nonusers of mobile financial apps, they are more likely to have bank accounts, retirement accounts, and/or own homes. Equally, they are no stranger to auto loans and mortgages.

Statistics that the WSJ uses in the article basically show that mobile payment users are more financially active, use a variety of financial products, and earn more than non-users. At the same time, they’re more careless with their expenses, get into debt, and even take money from their retirement accounts. This is why experts expect a whole new niche in fintech – simple tools that will help millennials manage their money better. Millennials who use mobile payments are reported to have a greater risk of financial distress and mismanagement, despite higher incomes and education levels.

How to Build a Unique Technology for Your Fintech Product with Python

In the era of digital disruption, finance has to be especially sensitive towards new customer demands. Will they use your service when it becomes more common and necessary? Can you create a product now that can grow and develop to serve millennials when they grow up and start earning big money? The same as the generation at which the current financial system is aimed. This is especially important when it comes to branches like mortgages, investments, and wealth management.

As I said above, I can’t stress enough how important it is to offer a unique technology that is custom tailored to fit customer needs. So far, it’s impossible to avoid integration with traditional financial and state institutions. You have to make sure your cooperation runs smoothly and that they deem you reliable enough to choose you as a partner; to choose your technology and not someone else’s, or worse, create a technology of their own.

We realized the importance of top-notch technology when Moneypark, formerly a start-up client of urs and now Switzerland’s largest technology-based mortgage intermediary, acquired Defferrard & Lanz and became part of Helvetia. All this occurred because their technological solution and business approach was the most convincing.

How Is Python Used In Finance & Fintech

So where do you get this technology robust enough to withstand stress of worldwide financial perturbations, but flexible enough to follow all the new changes and customers’ needs? We chose to use the Django framework within Python, and continue discovering its power. We’re not trying to say that Python is the savior and the silver bullet, but we do know for sure what advantages Python has for finance.

1. Python/Django stack takes you to market a lot quicker. It’s simple: this combo lets you build an MVP quickly, which increases your chances to find your product/market fit.

One of the advantages fintech has over traditional banking services is its ability to change quickly, adapt to customer demands, and offer additional services and improvements in accordance to the customers’ wishes. To do so, you have to be able to get to market quick, toughen up against real life problems, constantly improve, and grow. This is the only way fintech will be able to compete and/or collaborate with traditional banking and finance.

The technology must be flexible and offer solid ground for numerous additional services. Obviously an MVP is of importance, but the complexity of projects doesn’t always allow to develop it fast. However, the Python/Django framework combo takes into account the needs of an MVP and allows to save some time. They basically work like a Lego – you don’t need to develop small things like autorisation or user management tools from scratch. You just take whatever you need from the Python libraries (Nimpy, Scipy, Scikit-learn, Statsmodels, Pandas, Matplotlib, Seaborn, etc.) and build an MVP.

Another big advantage that Django gives you at the MVP stage is a simple admin panel or CRM – it’s built-in; you just have to set it up for your product. Of course, at the MVP stage, the product isn’t complete, but you can test and easily finish it, as it’s very flexible.

After the MVP is done, this tech stack allows to adapt parts of code. This means that after you validate the MVP, you can either easily change some code lines or even write new ones, if this is required for the product to function flawlessly.

Millennials are people who are used to living in a fast-paced world. They feel like they have to be productive every waking moment, and this is what they expect from everyone else and from the services they use. There’s no time for error. Maximum transparency and high-quality service are critical for them, and I don’t think they’ll be letting it go anytime soon.

Let’s say that no matter how much I love Uber, as soon as they make a mistake as little as searching for a driver for too long, I get very annoyed. I’m sure we all expect and deserve better than this. I can’t even begin to describe the panic that takes over people if heaven forbid, Slack crashes.

This is why customer development is so important – a whole generation depends on it. Consequently, the sooner you get your product to market, the quicker you collect feedback and the faster you’ll make improvements. Python programming in finance allows you to do this with your hands behind your back.

2. Python is the language of Mathematicians and Economists. Fintech obviously can’t exist without these two groups, and most of the time they use – wait for it – Python to calculate their algorithms and formulas. While R and Matlab are less common among economists, Python became the most useful programming language for finance, as well as the programming “lingua franca” of data science. Because economists use it to make their calculations, of course it makes them easier to integrate with a Python based product. However, the presence of and communication with the technical partner is nevertheless important because sometimes even pieces of code that are written in the same language are hard to integrate.

3. Python has simple syntax which is easier for collaboration. Becoming the “lingua franca”, in my opinion, was just a matter of time. Thanks to its simplicity and easy-to-understand syntax, Python is very legible and everyone can learn it. Python creator Guido van Rossum describes it as a “high-level programming language, and its core design philosophy is all about code readability and a syntax which allows programmers to express concepts in a few lines of code.”

Not only is it easy to understand for technical specialists, it is for clients as well. As you can imagine, people involved in the development process from both sides have different levels of technical understanding. With Python, engineers can explain the code much easier, and clients can better understand how the development is progressing.

As The Economist says about Python:

“The language’s two main advantages are its simplicity and flexibility. Its straightforward syntax and use of indented spaces make it easy to learn, read and share. Its avid practitioners, known as Pythonistas, have uploaded 145,000 custom-built software packages to an online repository. These cover everything from game development to astronomy, and can be installed and inserted into a Python program in a matter of seconds.”

Which brings us to the next point.

4. Python has open libraries, including those for API integration. Open libraries help develop the product and analyze large amounts of data in the shortest amounts of time, as you don’t have to build your tools from scratch. This can save a lot of time and money, which is especially valuable while building MVP.

As I mentioned, fintech products require a lot of integrations with third parties. Python libraries make integrating your product with other systems through different API a lot easier. In finance, API can help you to collect and analyze the required data about users, real estate, and organizations. For instance, in the UK, you can get people’s credit history by API, which is required to proceed further financial operations. In the online mortgage industry, you also check real estate data and you always need to verify someone’s identity, which is much easier to do with API. By using and combining different libraries/packages, you can get the data or filter it in one click without having to develop new tools for that.

Django Stars, for instance, use the Django Rest Framework to build APIs or to integrate with external ones, as well as Celery to queue or distribute tasks.

5.Python hype is real. Python will continue developing, giving access to more and more specialists,which is good because we’re guaranteed to have enough people to develop and maintain our products in the future. According to the HackerRank 2018 Developer Skills Report, Python is the second language coders are going to learn next and is among TOP-3 languages in financial services and other progressive industries.

How to Build a Unique Technology for Your Fintech Product with Python

“Python wins the heart of developers across all ages, according to our Love-Hate index. Python is also the most popular language that developers want to learn overall, and a significant share already knows it.” HackerRank

Python can be used for all kinds of purposes, from traditional ones like web development to cutting edge, like AI. It’s versatile – it has over 125,000 third-party Python libraries. It’s the go-to language for data analysis, which makes it attractive for non-technical fields like business, and the best programming language for financial analysis.

Again, I’m not trying to sell you Python because it’s the only language that can save the world. I’m only speaking from my own experience because I saw what wonders Python can do when applied within the Django Framework.

The world of fintech is demanding – your product has to be trustworthy, 150% secure, and functional. Adhering to state regulations, dealing with integration with services, institutions, and bank API connections should all be built to last to support the new generations of millennials who are taking over the future. To get to the top and be among the ones who are disrupting the financial market, you need to be unique, efficient, user-oriented, and open for the future. That’s what Python is about.


          This is the impact of FinTech software on financial services      Cache   Translate Page   Web Page Cache   

P2P lending platforms work to enable FinTech businesses to use digital technologies.

The post This is the impact of FinTech software on financial services appeared first on Techaeris.


          JPMorgan is wading in on Indian fintech (JPM)      Cache   Translate Page   Web Page Cache   

This story was delivered to Business Insider Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.

JPMorgan has partnered with the Indian Institute of Management Ahmedabad’s Centre for Innovation, Incubation, and Entrepreneurship (CIIE) to set up a Financial Inclusion Lab, which will aim to help scale early stage fintech startups focused on Indians within the lower and middle income (LMI) segment.

Global Fintech Funding

Under the partnership, JPMorgan will invest up to $7 million, marking the largest philanthropic commitment made by the bank outside of its home market.

The CIIE will also use insights from JPMorgan’s Financial Solutions Lab in the US. The startups part of the lab will strive to enable access and usage of appropriate financial products and services such as savings, credit, and insurance for LMI households.

Here is why India's fintech market may be interesting to international firms like JPMorgan:

  • India boasts a large population to address financial services to. In India, the middle class is said to account for up to 30% of the population, and with over 1.3 billion people in the country, that is a large addressable market for fintechs. Moreover, consumers in the LMI segment earn between $2 and $10 a day, and are therefore likely in need of tools to better manage their finances. This need for fintech solutions boosts the chances of success for these startups, and could make them attractive investments.
  • English is one of India’s official languages, likely facilitating collaboration. Being able to communicate with organizations and fintechs in India will likely make it easier for global companies to work with them. That could eventually make India a more attractive country for fintech partnerships than China, where language can potentially be a barrier.

Increasing interest in India may help boost Asia’s fintech funding. India already boasts two fintech unicorns, making it the only country in Asia besides China to have any. And, as more international companies grow aware of the opportunity in the Indian market, funding in the country will likely accelerate.

Moreover, JPMorgan's involvement in this partnership could deliver it insights into the market that result in additional investments for the bank. As such, while fintech funding in Asia barely increased from $2.04 billion in Q1 2018 to $2.07 billion in Q2 2018, India’s fintech scene expanding could potentially boost the region's funding in the future.

 

Join the conversation about this story »


          Cannabis and Fintech Stocks Turning Heads      Cache   Translate Page   Web Page Cache   
By ACR Communication, LLC Arguably, the two hottest sectors over the past 12 months have been Cannabis and Fintech stocks HENDERSON, NV / ACCESSWIRE / August 9, 2018 / Huge news keeps coming for both sectors, NYSE parent company ICE, announced its latest step toward legitimizing Bitcoin. We have discovered an incredibly interesting company APTY […]
          Mikhail Avady Joins Vital4 as Executive Vice President of Marketing      Cache   Translate Page   Web Page Cache   

ATLANTA, Aug. 9, 2018 /PRNewswire/ -- Vital4, the leading Atlanta-based Fintech and Regtech company behind a first-of-its-kind screening technology using Artificial Intelligence, announced that Mikhail Avady has joined the company, as Executive Vice President of Marketing and member of...


          Group representing US states wants less federal fintech oversight      Cache   Translate Page   Web Page Cache   
A group representing US states is pushing back against federal efforts to oversee financial-technology startups and to issue  -More

          GMK: Senior Regulatory Lawyer (Payments)      Cache   Translate Page   Web Page Cache   
Negotiable: GMK: My client is a leading fintech innovator in search of an experienced regulatory lawyer to manage risk matters for Payment system regulation, clearing and product development matters throughout the UK and EMEA. The Role This role will sit between sales a City of London
          GMK: Data Privacy Lawyer (Fintech) 5 Yrs+      Cache   Translate Page   Web Page Cache   
Negotiable: GMK: My client is a leading technology business who are seeking an experienced Data Privacy Legal Counsel. This role requires you to ensure all data activity aligns with company departments and appropriate entities comply with all applicable data protection a City of London
          Geopolítica de la crisis económica mundial: globalismo vs. universalismo       Cache   Translate Page   Web Page Cache   

[alai-amlatina] Alainet.org Al Día - 08/08/18

Alai-AmLatina alai-amlatina@alai.info a través de listas.alainet.org 

mié., 8 ago. 14:27 (hace 16 horas)
 para alai-amlatina
- - - Servicio Informativo "Alai-amlatina" - - -
Agradecemos sus aportes económicos que permiten sostener este servicio: http://www.alainet.org/donaciones


Alainet.org Al Día - 08/08/18

Español:
  • Debates estratégicos en torno a EEUU y China  
    El ascenso de China, propiciado por la Iniciativa de la Franja y la Ruta, genera nuevas oportunidades, retos y amenazas para la región. Maribel Aponte García

  • Colombia  ¿Iván el terrible?: Duque reiteró que corregirá los acuerdos de paz  
    El presidente Iván Duque, al posesionarse en el cargo, señaló que evaluará la mesa de negociaciones con el ELN durante el primer mes y desplegará los “correctivos necesarios” al acuerdo de paz con las Farc, en un discurso donde criticó a su antece Camilo Rengifo Marín
  • Paraguay   La nueva entrega de Yacyretá y la lucha por la soberanía  
    El gobierno paraguayo, a días de haber asumido las nuevas autoridades legislativas y pocos días de asumir las ejecutivas, aprobó las Notas Reversales que revisan el Anexo C del Tratado de Yacyretá, concretando una nueva entrega Cecilia Vuyk
  • Honduras   Migración inducida o espejo invertido  
    “Los derechos fundamentales, entre ellos, la educación, la salud, la alimentación y el empleo, no son garantizados en Honduras, situación que obliga a decenas de hondureños a emigrar cada año poniendo en riesgo su vida”. Javier Suazo
  • El imperialismo del capital financiero y las guerras comerciales  
    Donald Trump es un líder mundial temperamental.  Parece desdeñar el viejo orden, los mecanismos de la globalización establecidos con Instituto Tricontinental de Investigación Social
Português:
English:
Te invitamos a sostener el trabajo de ALAI.
Contribuciones: http://alainet.org/donaciones.php

Mas informacion: http://alainet.org
FaceBook: http://facebook.com/America.Latina.en.Movimiento
Twitter: http://twitter.com/ALAIinfo
RSS: http://alainet.org/rss.phtml

______________________________________
Agencia Latinoamericana de Informacion
email: info@alainet.org

Suscripciones: http://listas.alainet.org/listas/subscribe/alai-amlatina
Desuscripciones: http://listas.alainet.org/listas/signoff/alai-amlatina


...

[Mensaje recortado]  Ver todo el mensaje

          We Are Building a New Type of Internet, Says Lex Sokolin (Preview)      Cache   Translate Page   Web Page Cache   
FS Insider welcomes Lex Sokolin, partner and global director of fintech strategy at Autonomous Research, to discuss their recent 100+ page report, #CRYPTO UTOPIA, looking at the "$20 billion Cambrian...

For information on downloading FS Insider premium content, visit http://www.financialsense.com/financial-sense-newshour.

          Treasury Department Issues Regulatory Report on Fintech and Innovation      Cache   Translate Page   Web Page Cache   
Reforms that expand horizons for nonbank financial companies were recently recommended in the Treasury Department’s July 31, 2018 report entitled “A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation”...
By: Ropes & Gray LLP
          Africa open for e-business      Cache   Translate Page   Web Page Cache   
Mobile, cross-border and inter-regional online transactions gain ground as advanced fintech systems are rolled out on the continent. Online and mobile payments are taking off in Africa as a combination of improved internet access, advanced financial systems and widespread mobile penetration help spur demand for services. However, the ability to pay and accept payments on [&hellip
          Ecobank announces finalists of the Ecobank Fintech Challenge 2018      Cache   Translate Page   Web Page Cache   
Ecobank, independent pan-African banking group, has announced the finalists for the 2nd edition of the annual Ecobank Fintech Challenge, a competition for Africa-focused technology start-ups. The list includes eleven (11) fintech start-ups from across the continent and beyond. An Innovation Fair & Awards ceremony will honour the start-ups on August 30, 2018 at the global headquarters [&hellip
           Job Posting: Senior Cryptography Engineer       Cache   Translate Page   Web Page Cache   

Job Posting: Senior Cryptography Engineer
Promise Protocols

Who we are?

Promise Protocols is one of the fastest growing FinTech companies in Silicon Valley. Promise delivers cash analytics and cash access to thousands of small businesses, that operate with volatile cash balances. We are a platform company whose aim is to automate the hardest parts of small business financial management. We are sometimes the last company many small business merchants come to when no one else will help their businesses stay alive.

Why work at Promise?

We are a high-energy, innovation-focused team of engineers and technologists who want to make running a small business less painful for owners all over the world. Promise’s environment is highly collaborative, and the ideal candidate will have an eye for detail and be a team player who enjoys working with others to find cutting-edge solutions to tricky problems. Come join us!

What we are looking for in the Senior Software Engineer?

Promise Protocols is looking for a passionate and experienced developer with cryptography experience to help develop, build and deploy a distributed, fault-tolerant P2P payments and exchange platform.

This role is ideal for cryptography scientists or software engineers with deep experience and familiarity with evolving and established cryptographic protocols and their implementation.

What you will be responsible doing?

1. Develop, build and deploy crypto protocols in distributed p2p systems

2. Work with core internal team and external open source community

3. Collaborate with teammates to produce protocol specifications

4. Collaborate and support other teams in developing crypto economic consensus protocol

5. Develop and maintain interfaces for platform API

6. Identify and recommend technologies to solve technical challenges

Closing date for applications:

Contact: Please send a request to jobs (at) promiseprotocols.com

More information: https://aquila-1.workable.com/jobs/772792


          Blockchain Developer       Cache   Translate Page   Web Page Cache   
Blockchain Developer Netherlands, Amsterdam, Rotterdam Start Date: ASAP Leading Financial Services client is now looking to recruit an experienced Blockchain Developer to join an innovative FinTech service and produce client facing websites and applications. To be considered for this role you will need the following: Skills • Demonstrable experience with Ethereum, Corda...
          Front End Developer      Cache   Translate Page   Web Page Cache   
Leading Financial Services client is now looking to recruit an experienced Front End Developer to join an innovative FinTech service and produce client facing websites and applications. To be considered for this role you will need the following: Skills AngularJS 2.0 Bootstrap Responsive UI development...
          Fintech Analyst - Federal Reserve Bank of San Francisco - San Francisco, CA      Cache   Translate Page   Web Page Cache   
Builds strong internal and external networks; In addition, we partner with internal resources to develop potential innovative technology solutions to enhance SF...
From Federal Reserve Bank of San Francisco - Sat, 16 Jun 2018 04:39:01 GMT - View all San Francisco, CA jobs
          117 Startups Selected For Plug and Play's Fall 2018 Batches      Cache   Translate Page   Web Page Cache   

SUNNYVALE, Calif., Aug. 9, 2018 /PRNewswire/ -- Plug and Play announced today the 117 startups accepted into its Fall 2018 Batches. The selected startups will join one of the following programs: Brand & Retail, Cybersecurity, Fintech, Food & Beverage, New Materials & Packaging, or Supply...


          Charlotte Kelly liked Charlotte Kelly's event 'FinTech Connect'      Cache   Translate Page   Web Page Cache   
Charlotte Kelly liked Charlotte Kelly's event 'FinTech Connect'

          Senior Developer - become TECHNICAL LEAD & join Global Fintech Org. Irene Centurion R70k p/m      Cache   Translate Page   Web Page Cache   
Acuity Consultants - Irene, Gauteng - world & have provided over 3 million customers with a fast, simple & effective solution to private, taxi, shuttle, coach, boat and helicopter...
          Web Developer - GAIN GOOGLE CLOUD exp & join NEW Dep - GLOBAL FINTECH COMPANY. Irene Centurion R50k(NEG)      Cache   Translate Page   Web Page Cache   
Acuity Consultants - Irene, Gauteng - , simple & effective solution to private, taxi, shuttle, coach, boat and helicopter services. The Role: As the WEB DEVELOPER...
          Front-End Developer - assist on massive REACT migration & GAIN REACT exp- Global Fintech. Irene Centurion.R45k p/a      Cache   Translate Page   Web Page Cache   
Acuity Consultants - Irene, Gauteng - to private, taxi, shuttle, coach, boat and helicopter services. At the heart of their business is Technology and their core Platform...
          (USA-KS-Overland Park) Senior Underwriting Fraud Strategist      Cache   Translate Page   Web Page Cache   
What we’re all about Home Credit US is a daringly different Fintech company. In a world run by stuffy, institutionalized financial firms, we fiercely challenge the way things have always been done. Sounds like fun, right? What we’re looking for The Senior Fraud Strategist position reports to the Director of Fraud Prevention. This position will be responsible for analyzing suspicious behavior and patterns by performing application data analysis to detect fraud activities; analyzing transactional data and detecting suspicious connections and sequences; prepare analytical materials for investigation; and create and implement predictive model development, SAS/SQL data mining, and ad-hoc analyses. Role is focused on managing Credit and Fraud Risk related to the pre-book process. A day in the life… + Regularly detect suspicious patterns in the portfolio, report suspicious patterns, and recommendations to address potential issues + Independently watch and identify early fraud indicators and propose updates in underwriting scoring and criteria + Analyze fraud prevention reports and provide regular updates, analysis, and recommended enhancements to increase business performance while remaining compliant with regulatory expectations + Assist with creating effective fraud prevention tools to prevent fraud losses + Create and analyze fraud reports and provide detailed analysis/recommendations to senior management + Root Cause Analysis of large fraud losses and delinquency trends You’ll own this if you have… + Bachelor’s Degree in Business, Statistics, Criminal Justice, or related field + Data analytics skills and experience (SQL, MS Excel, and Tableau) + Demonstrated leadership in applying analytics to efficiently and pragmatically solve business problems through structured problem solving approaches + Working knowledge of detection & mitigation practices for fraud types such as identity theft, first party fraud, and synthetic identity fraud + Experience in risk management disciplines related to underwriting and collections + Experience with fraud mitigation efforts within the consumer credit card industry We would reallly like you to have... + International business exposure/experience + Experience with process management tools + Master’s Degree or higher We’ve got you covered… + Full benefits package, including health, dental and vision insurance + Competitive salary, based on experience + 401k, generous paid time off policy and a fully-paid holiday calendar. + We totally support our employees seeking external training, continuing education and re-certification to stay up-to-date with industry trends and advancements + We’re a certified Six Sigma organization, with all of our employees achieving white belt status or higher. + Rewards program for employees who live our values, daring to be different and going above and beyond. + Flexible, “Dress for the Day” policy + Onsite and offsite activities, like ping pong tournaments, nerf gun wars and Nintendo brain-breaks + Volunteering and community engagement opportunities + All the coffee you can drink The technical stuff… Home Credit US is an Equal Opportunity Employer that does not discriminate on the basis of actual or perceived race, creed, color, religion, alienage or national origin, ancestry, citizenship status, age, disability or handicap, sex, marital status, veteran status, sexual orientation, genetic information, arrest record, or any other characteristic protected by applicable federal, state or local laws. ID: 2018-1118 External Company Name: Home Credit US LLC External Company URL: http://www.homecredit.net Street: 6240 Sprint Parkway
          Luo Min, le trublion de la fintech chinoise      Cache   Translate Page   Web Page Cache   
En 2017, trois ans après sa création, Qudian, la société chinoise de microcrédit fait une entrée mouvementée à Wall Street. Passée l'euphorie des débuts, le cours s'effondre sur fond de reprise en main du secteur par Pékin. Une épreuve pour Luo Min, son jeune fondateur.
          Clientes de fintech terão caixa eletrônico para fazer saque      Cache   Translate Page   Web Page Cache   
Consumidores poderão sacar em contas mantidas via aplicativos e tirar dinheiro de caixas eletrônicos sem precisar de cartão. Leia mais (08/08/2018 - 02h00)
          Recruitment Revolution: EDI Manager & Champion - Fintech SaaS      Cache   Translate Page   Web Page Cache   
£35,000 - £45,000 Plus Bonus + Excellent Company Benefits & Perks: Recruitment Revolution: EDI Manager & Champion Needed Swindon, Wiltshire
          Krung Thai Bank (KTB) Taps into Silicon Valley to Promote Fintech & Innovation via Startups As Founding Anchor Partner      Cache   Translate Page   Web Page Cache   

SINGAPORE, Aug. 9, 2018 /PRNewswire/ -- Krung Thai Bank (KTB) today announced a partnership with Plug and Play, a global startup accelerator and corporate innovation platform headquartered in Silicon Valley. KTB will be a Founding Anchor Partner of Plug and Play's Fintech program in...


          AllocateRite Reveals New Tax Optimization Capability      Cache   Translate Page   Web Page Cache   

NEW YORK, Aug. 9, 2018 /PRNewswire/ -- AllocateRite, a New York FinTech company that provides asset managers with dynamic asset allocations employed through ETF-based investment strategies, today announced a new, proprietary solution to optimizing tax efficiency on an individual-portfolio ...


          The Blockchain Is a Tempting Target for Central Banks      Cache   Translate Page   Web Page Cache   

For the past several years, one of the most consistent themes in the world of of central banking has been the ongoing drive to incorporate blockchain technology and cryptocurrencies into the central bankers’ tool kit. The mysterious potential of the blockchain has tempted central banks around the world into a wide range of experiments with the new technology, and in a previous Mises Wire article as recently as late-2016, I discussed the Bank of England’s plan to mint its own Bitcoin-style cryptocurrency for use in inter-bank payments. Although that plan has now been shelved for the foreseeable future, the general overhaul of the Bank of England’s payments systems has continued and moved in new directions, with attempts to incorporate distributed ledger technologies having now taken on a different character.

It was these attempts which led to the recent publication of a report which announced that, when it rolls out its new Real-Time Gross Settlement (RTGS) system, the Bank of England will break with established norms by allowing blockchain-based FinTech firms to access that system.

An RTGS system is a specialist funds transfer service which “ essentially forms the foundation ” of all of the activities of Britain’s central bank. The Bank of England’s RTGS system facilitates instantly-cleared, high-value transfers of money (usually central bank reserves) and securities between financial institutions, in order to maintain the liquidity of Britain’s financial system on a minute-by-minute basis. Britain’s RTGS system facilitates around half a trillion pounds worth of inter-bank transactions every day, a number equivalent to almost a third of the UK’s total annual GDP, with the money used in the system currently being comprised of around £300 billion of electronic central bank reserves, plus around a fifth of that amount in physical banknotes.

Access to the Bank of England’s RTGS system has previously been a special privilege of banks and other such traditional, large financial institutions. So why is the Bank of England now planning to open the system up to a new generation of tech startups based around the decidedly non-traditional payments system of the blockchain? The Bank of England’s report on its decision offers few clues to the underlying reasons for the shift, mainly concerning itself with vague and generic statements about the need to “meet the challenges posed by a rapidly changing landscape” by offering “a diverse and flexible range of settlement models, to enable existing and emerging payment infrastructures to access central bank money”. It is certainly true that Bank of England Governor Mark Carney has been adamant in his desire to modernise the Bank’s RTGS system, with the current “ambitious rebuild” representing one of the key endeavours of his tenure. But Carney himself could certainly not be described as an enthusiastic supporter of blockchain technology, and has been outspoken in his criticisms of cryptocurrencies in the past , viewing them as a largely criminal ‘Wild West’ of the modern monetary system, in dire need of the taming influence of civilisation.

However, this very distaste for the current state of the crypto-economy could provide some clues to the motivations behind the decision to bring blockchain-based firms into the fold. Aside from its role of controlling the British money supply and interest rates, the second most important function of the Bank of England is its role as the key regulator of Britain’s financial system. It is entirely possible that, by inviting these new blockchain-based firms into the Procrustean bed of ‘respectable’ British finance, the Bank of England is hoping to be able to extend its regulatory power over the newly emerging frontier of cryptocurrencies and distributed ledger technology. This interpretation seems to be borne out by a speech given by Carney on the subject of cryptocurrencies, this March. After decrying the supposed tendency of private cryptocurrencies toward debasement and use by criminals, Carney seemed to hint that appropriate controls could be placed on the growing blockchain economy by incorporating it into the mainstream financial sector, which Carney’s Bank of England regulates. “The time has come to hold the crypto-asset ecosystem to the same standards as the rest of the financial system. Being part of the financial system brings enormous privileges, but with them great responsibilities.” Just two months after giving this speech, the Bank of England began running ‘Proof of Concept’ tests with a handful of blockchain-based FinTech startups — Baton Systems, Clearmatics Technologies Ltd, Token, and R3 — which led to this decision to allow blockchain-based firms access to the Bank’s RTGS system.

Another possible motivation behind the decision could be to extend the Bank of England’s influence over interest rates into the developing crypto-economy. When the Bank of England lends out central bank reserves to private banks, through the RTGS system, the borrowing banks have to pay the ‘Bank Rate’ of interest on those borrowed reserves, which is one of the few interest rates in the economy which the Bank of England actually directly controls. The greater the number of private banks who are, through the RTGS, made to pay the ‘Bank Rate’ of interest on borrowed reserves, the more the Bank of England is able to indirectly influence the constellation of other interest rates throughout the economy. This recent decision to give blockchain-based firms easier access to central bank reserves, by opening the RTGS system to them, could reflect the Bank of England’s desire to extend its influence over interest rates into the new frontier of crypto-based finance.

Regardless of the motivation, this recent decision represents only the latest development in central banks’ ongoing experimentation with distributed ledger technologies. If we wish to preserve the explicitly anti-statist intentions of the founders of the modern crypto-economy, special attention must be paid to how states and their monetary Tzars attempt to grapple with the blockchain and its implications in the future.


          Treasury Report on Nonbank Financials, Fintech, and Innovation       Cache   Translate Page   Web Page Cache   
Weiner Brodsky Kider PC
          Who's on first? The confusing state of federal fintech regulation      Cache   Translate Page   Web Page Cache   
A week after the Treasury Department laid out a plan for federal fintech regulation, it is already unclear which agency is leading the charge.
          Fintech startup Propelld gets $250,000 from IAN and IAN Fund      Cache   Translate Page   Web Page Cache   
Bluebear which operates under the name of Propelld is a student education financing platform which brings financial institutions to lend to students taking professional training or vocational certification courses.
          With $40M in New Funding, FinTech Startup Even Opens Raleigh-Durham Office      Cache   Translate Page   Web Page Cache   
...banking systems to understand nd directly impact the overall picture of employees' financial health. The company's mobile apps instantly budget so that users know how much is "okay to spend," safely address cash flow issues with Instapay (on-demand access ...

          Technical Lead - Prodigy Labs - Toronto, ON      Cache   Translate Page   Web Page Cache   
Prodigy Labs is looking to hire talented technical leads to provide technical guidance and leadership for various initiatives in the fintech space....
From Prodigy Labs - Tue, 07 Aug 2018 17:30:02 GMT - View all Toronto, ON jobs
          Blog Post: Practice Insights from Lexis Practice Advisor®      Cache   Translate Page   Web Page Cache   
Practice Areas: Finance Corporate and M&A Capital Markets & Corporate Governance Labor & Employment Federal Civil Practice Corporate Counsel Data Security & Privacy Real Estate Employee Benefits & Executive Compensation Intellectual Property & Technology Commercial Transactions Antitrust Bankruptcy   FINANCE Market Trends: Anti-hoarding Provisions This practice note discusses the key characteristics of anti-hoarding provisions in loan agreements in the oil and gas (O&G) industry and examples of these provisions in publicly filed deals. O&G exploration and production (E&P) activities are capital intensive. Many O&G companies turn to secured credit to finance their E&P activities. The collateral securing these loans is often the borrower’s O&G reserves (i.e., unextracted mineral resource deposits). The use of collateral makes these loans a form of asset-based lending that are referred to as reserve-based loans (RBLs). RBLs have been common in the industry in recent years, especially among non-investment-grade E&P companies. Read more . CORPORATE AND M&A European Union Adopts General Data Protection Regulation (GDPR) Effective May 25, 2018, the General Data Protection Regulation (GDPR) introduced sweeping changes and requirements impacting businesses around the world, regardless of where they operate. Among the changes are: 1) tougher sanctions for non-compliance, with a maximum of 4% of an organization’s worldwide revenue; 2) the obligation to notify authorities of a breach within 72 hours; 3) new data privacy governance requirements; and 4) the reinforcement of an individual’s right to have personal data removed from online systems. The regulations will increase the risk of expensive enforcement actions and litigation for organizations under its jurisdiction, as well as obligate its members to establish more complex data privacy programs and ensure ongoing compliance. Read more . Related content: Practice Note: FinTech M&A Potential Pitfalls and Regulatory Aspects by Daniel Serota, Sidley Austin LLP Practice Note: Insurance M&A Transactions by Edward Best, Lawrence Hamilton, and Magnus Karlberg, Mayer Brown LLP CAPITAL MARKETS & CORPORATE GOVERNANCE Comprehensive Form 10-K This practice note discusses multi-year comprehensive annual reports on Form 10-K (comprehensive Form 10-K). A comprehensive Form 10-K may be used by a reporting company that is delinquent in its periodic report filings with the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934, as amended (Exchange Act). In lieu of filing all the missing reports, the company may file a comprehensive Form 10-K that includes all material information required to have been included in those filings. Read more . LABOR & EMPLOYMENT English-Only Policies: Key Considerations for Drafting and Compliance by Jamala S. McFadden, Chandra C. Davis and Raquel H. Crump, The Employment Law Solution: McFadden Davis, LLC This practice note discusses key considerations and provides guidance for drafting, implementing and enforcing effective and legally compliant English-only policies in the workplace. Specifically, this practice note covers the following key issues: Introduction to English-Only Policies When Are English-Only Policies Lawful? What Are the Key Considerations in Drafting an English-Only Policy? What Are the Best Practices for Implementing and Enforcing an English-Only Policy? Sample English-Only Policy Language Read more . FEDERAL CIVIL PRACTICE Document Requests: Drafting and Serving RFPs (Federal) by Jim Wagstaffe and The Wagstaffe Group ® This practice note discusses how to draft and serve document requests in a federal action and covers topics such as the Rule 34 requirements, drafting the request, formatting the request, proportionality, types of document requests, entry on land, destructive testing, document preservation, propounding requests, and motions to compel discovery. Read more . For sample document requests that may be used in federal court: Form: Requests for Production of Documents (Plaintiff to Defendant) (Federal) Form: Requests for Production of Documents (Defendant to Plaintiff) (Federal) For more on document requests: Practice Note: Document Requests: Responding to RFPs (Federal) by Jim Wagstaffe and The Wagstaffe Group Practice Note: Document Requests: Initial Considerations (Federal) CORPORATE COUNSEL Initial Public Offerings in International Jurisdictions This practice note provides links to international guides addressing essential aspects of initial public offering law and policy. Leading law firms in each of the international jurisdictions answer key questions on this topic. These questions and answers are compiled in Getting the Deal Through guides. Read more . For additional information, see GTDT: Initial Public Offerings Global Overview . DATA SECURITY & PRIVACY Data Protection Regulation Fundamentals (EU) by Lexis ® PSL, a LexisNexis ® UK practical guidance solution The Data Protection Act 1998 (DPA 1998) governs the processing of personal data in the UK. It incorporates the provisions of Directive 95/46/EC (the Data Protection Directive) into UK law, and obliges those handling personal data to comply with eight core data protection principles and gives individuals a number of rights in relation to information that is about them, including a right of access. Read more . REAL ESTATE Retail Leasing Resource Kit This resource kit provides guidance on the retail leasing process and explains where to find Lexis Practice Advisor ® practice notes, forms, checklists and clauses related to retail leasing. Though each retail lease transaction is unique, most follow the general deal flow set forth in this note. State-specific retail leasing resources are found at the end of this kit. Read more . For guidance on office leasing: Practice Note: Office Leasing Resource Kit Practice Note: Office Leasing Resource Kit (CA) For guidance on subleasing: Practice Note: Subleasing Resource Kit EMPLOYEE BENEFITS & EXECUTIVE COMPENSATION QDRO Resource Kit This resource kit provides guidance for qualified retirement plan sponsors and their advisors on qualified domestic relations orders (QDROs) under the Internal Revenue Code and the Employee Retirement Income Security Act (ERISA). If a state court issues a domestic relations order that deals with a participant’s interest in a qualified retirement plan, the plan must determine that the order is qualified under ERISA and the Code. This resource kit sets forth the Lexis Practice Advisor practice notes, forms and checklists designed to help ensure compliance with the QDRO rules. Read more . INTELLECTUAL PROPERTY & TECHNOLOGY Pharmaceutical Patent Litigation Strategies by Jeffrey Alan Hovden, Robins Kaplan LLP This article discusses strategies that counsel for brand-name and generic drug companies may employ in pharmaceutical patent litigation under the Drug Price Competition and Patent Term Restoration Act of 1984, commonly known as the Hatch-Waxman Act. It focuses on litigating infringement and validity of active pharmaceutical ingredient (API), formulation and treatment patents using court decisions as a guide to what works and what doesn’t for each side in Hatch-Waxman litigation. Read more . You can also read this article in The Lexis Practice Advisor Journal™ here . COMMERCIAL TRANSACTIONS Big Data Privacy Issues This practice note discusses key legal issues surrounding big data analytics, including its benefits and risks, as well as U.S. federal law addressing privacy and data security regulation. Overview Big data analytics is the collection and analysis of large and varied data sets (big data) from a wide array of sources, including the Internet of Things (IoT), in real time to discover hidden patterns, trends, correlations and preferences to make more accurate, and therefore better (and less risky) decisions. Instead of focusing on precise relationships between separate data points, big data analytics uses an array of techniques and algorithms to infer trends over the entire set. Read more . ANTITRUST Integration Planning: Antitrust Considerations by Michael B. Bernstein, Matthew A. Tabas and Katherine M. Clemons, Arnold & Porter This practice note discusses the antitrust issues that arise during integration planning and how you can seek to avoid common pitfalls. Parties entering into a transaction agreement typically want to start planning for the combined company’s operations as soon as possible—both to ensure a smooth transition and to realize any efficiencies from the merger as quickly as possible. While planning for integration is permissible under the antitrust laws, there are restrictions on actual implementation of integration prior to closing. Read more . BANKRUPTCY Common Defense Issues to Lender Liability by Trey Monsour, Polsinelli PC This practice note discusses defense issues raised by both the failure to properly assert a litigation claim and the doctrine of in pari delicto in the context of lender liability. The nature of lender liability claims can vary greatly. Yet, there are some defense issues that are common to most claims. These include the defense of failure to assert a claim and the defense of in pari delicto. The defense of failure to state a claim speaks to the heightened pleading requirements developed in case law that necessitate greater specificity for a plaintiff to state a claim. If a complaint filed in federal court consists of nothing more than conclusory allegations of wrongdoing by a lender rather than specific statements of fact, then the complaint should be dismissed. Conversely, the defense of in pari delicto is an equitable defense that bars a party responsible for any wrongdoing from bringing a claim against another party based upon that wrongdoing. Read more .
          Ghela Boskovich “El dinero es un mito, los datos son el nuevo combustible, el consentimiento será la moneda del futuro”      Cache   Translate Page   Web Page Cache   
FINNOSUMMIT, el evento Fintech más importante de Latinoamérica, se celebró el pasado 22 de marzo de 2018 en el Hall 74 de la ciudad de Bogotá. Allí se reunieron 400 asistentes, entre inversionistas, emprendedores, entidades financieras, consultores y empresarios de desarrollo y alto impacto. El evento terminó con esta inspiradora charla de Ghela Boskovich (Head…

          Panel: Reguladores como innovadores      Cache   Translate Page   Web Page Cache   
FINNOSUMMIT, el evento Fintech más importante de Latinoamérica, se celebró el pasado 22 de marzo de 2018 en el Hall 74 de la ciudad de Bogotá. Allí se reunieron 400 asistentes, entre inversionistas, emprendedores, entidades financieras, consultores y empresarios de desarrollo y alto impacto. Este esperado panel contó con la participación de Ghela Boskovich—Head of Fintech…

          Panel: El futuro de los pagos      Cache   Translate Page   Web Page Cache   
FINNOSUMMIT, el evento Fintech más importante de Latinoamérica, se celebró el pasado 22 de marzo de 2018 en el Hall 74 de la ciudad de Bogotá. Allí se reunieron 400 asistentes, entre inversionistas, emprendedores, entidades financieras, consultores y empresarios de desarrollo y alto impacto. En este interesante panel sobre medios de pago y moderado por…

          México supera la barrera de las 300 startups Fintech y refuerza su posición como segundo ecosistema Fintech más importante en América Latina      Cache   Translate Page   Web Page Cache   
En tan solo 12 meses nacen en México 125 nuevas startups Fintech, consolidando su posición como uno de los principales ecosistemas Fintech de la región de América Latina, impulsado principalmente por el crecimiento en los segmentos de Tecnologías Empresariales para Instituciones Financieras, Trading y Mercados de Capitales, Gestión Patrimonial y Puntaje alternativo, Identidad y Fraude.…

          Luo Min, le trublion de la fintech chinoise      Cache   Translate Page   Web Page Cache   
En 2017, trois ans après sa création, Qudian, la société chinoise de microcrédit fait une entrée mouvementée à Wall Street. Passée l'euphorie des débuts, le cours s'effondre sur fond de reprise en main du secteur par Pékin. Une épreuve pour Luo Min, son jeune fondateur.
          How insurtechs are tackling this notoriously tricky area of insurance      Cache   Translate Page   Web Page Cache   

Millennial spending

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Life insurance is a fundamentally hard product to sell, as it requires people to think about their deaths and promises no immediate rewards.

The way life insurance is sold makes it doubly unattractive, as consumers have to go through an paper-based, lengthy application process and a bothersome medical exam, with little guidance from their providers, and often at high cost. The problem is worsened by incumbent insurers' failure to innovate, even as personalized products and streamlined services proliferate in other areas of finance.

Now, though, a small yet growing niche of insurtech startups is now finding different ways to digitize life insurance to make it more appealing. Life insurance-focused startups are tackling a number of problems with the status quo, including a lack of consumer understanding of the product, inconvenient application processes, weak customer loyalty, and inefficient data management and processing. Some are focused on improving products for consumers, while others are helping insurers to modernize. These startups are giving incumbents a way to revamp this product, either by partnering these companies or using their technology.

But these life insurtechs are shaking up a strictly regulated and sensitive product, and their solutions carry regulatory and ethical risks. That means such companies, and any insurers using their solutions, must take measures to make sure these new services add value to the industry. Nevertheless, life insurtechs are likely to spearhead change in this space, with incumbents following suit. Such startups will set new industry standards and consumer expectations around this complex product. That, in turn, will serve as a catalyst for innovation among legacy insurers.

In a new report, Business Insider Intelligence looks at the major players in the global life insurance industry, the problems (for consumers and providers) in the life insurance status quo, how insurtechs are revamping the life insurance space and giving the product a new lease of life, best practices for both startup and incumbent life insurance innovators, and what the future of the life insurance space will look like as fintech makes its presence felt in it.

Here are some of the key takeaways from the report:

  • The need for innovation in life insurance has never been clearer — life insurance sales on the whole are slowing, and policy ownership is hitting record lows. A lack of consumer understanding, inconvenient application procedures, low customer loyalty, and old IT systems are denting providers' returns.
  • Life insurtechs are looking to revamp the space in two key ways: Consumer-focused players focus on eliminating the pain points that put consumers off buying life insurance coverage, while insurer-focused startups offer ways to improve processes and operations for the providers that still dominate much of the market.
  • There are some risks attached to bringing technologies not typically used in insurance into this tightly-regulated space, but life insurers can adopt best practices to mitigate them and reap rewards, like: getting full customer approval to use their data, hiring tech-savvy compliance teams, and prioritize customer education about the product. Startups, meanwhile, should pick incumbent partners carefully.
  • Incumbents’ activity in life insurance innovation to date has been limited to implementing some shiny new technologies, largely on the front-end. If life insurance incumbents want to stay relevant, they'll have to invest in the core systems needed to give them the freedom to innovate and introduce changes on their own terms.

In full, the report:

  • Looks at the world's biggest and most innovative life insurance markets, and trends they're setting for the space.
  • Explains the major inefficiencies embedded in the life insurance status quo, and the problems they're causing providers and consumers.
  • Outlines the two main strategies life insurtechs are adopting to drive change in this market, for the benefit of buyers and sellers of life insurance.
  • Discusses the best practices life insurance incumbents and startups should adopt to steer clear of the risks still attached to applying emerging technologies to such a tightly regulated product.
  • Gives an overview of what the rise of life insurtechs has in store for the life insurance space going forward.

Subscribe to an All-Access membership to Business Insider Intelligence and gain immediate access to:

This report and more than 250 other expertly researched reports
Access to all future reports and daily newsletters
Forecasts of new and emerging technologies in your industry
And more!
Learn More

Purchase & download the full report from our research store

 

Join the conversation about this story »


          Investors are pulling billion of dollars out of Europe — and Britain is one of the worst hit      Cache   Translate Page   Web Page Cache   

An exit sign printed in English and French is seen in front of the White cliffs of Dover, at the Dover ferry terminal, Britain February 20, 2016. Stand on top of the white cliffs of Dover on a clear day and you can see the French coast and the constant traffic of ferries crossing the Channel, binding Britain and Europe through the flow of people and goods. Seen through many British eyes, the famous cliffs conjure up a different vision, that of a fiercely independent island nation with a nearly thousand-year history of repelling would-be invaders from the continent just 33 km (21 miles) away. The tension between these two facets of British identity goes a long way to explain the country's tetchy relationship with the European Union, which will come to a head in a looming referendum on whether to withdraw from the bloc. Photograph taken on February 20, 2016.

  • Investors have pulled $35 billion from European equities this year and $51 billion from European funds, according to Barclays data.
  • UK funds have seen outflows of over 6% of assets under management since the Brexit vote.

LONDON — Global investors are fleeing Europe in droves, according to Barclays.

Analyst Magesh Kumar Chandrasekaran and the European Equity Strategy team at the investment bank said in a note sent to clients on Thursday that billions have been pulled from European stock markets and funds in 2018.

Europe has seen the highest equity outflows so far this year of any major market. Investors have pulled $35 billion from European equities so far in 2018, the bank said

Barclays added: "European funds have seen redemptions for twenty-one consecutive weeks, worth $51 billn since the start of March this year. These redemptions have completely wiped out the inflows Europe receivedsince 2017."

europe flows

UK funds have suffered particularly badly. The bank writes: "Within Europe, outflows from the UK have been more severe compared to the rest of Europe. UK funds have seen outflows of more than 6% of AUM since the Brexit referendum."

UK funds have seen six weeks of fund outflows and $3.8 billion was pulled in the last week alone, according to Barclays data.

Globally, flows into equities have been flat over the last month and bonds saw $17 billion of inflows. $104 billion has been invested into equities so far this year, compared to $65 billion for bonds.

"Among regions, the US was the only major market to have received meaningful equity inflows over the last four weeks," the team said. "As trade war-related uncertainties increased in May, EM [emerging markets] funds saw $17bn worth of outflows. However, last week, EM funds received inflows for the first time in eleven weeks."

Investors are also shifting money from active funds to passive funds, with $82 billion shifting between the two strategies.

SEE ALSO: One in 2 ICOs failed in the 2nd quarter — and those that succeeded suffered huge losses

DON'T MISS: Barclays traders say they're building out a crypto desk— but the bank says it has nothing in the works

NEXT UP: Barclays is teaming up with a startup online lender — and it points to a growing trend for banks

Join the conversation about this story »

NOW WATCH: An early investor in Uber, Airbnb, and bitcoin explains why it's actually a good sign that no one is spending their crypto


          Investors are pulling billion of dollars out of Europe — and Britain is one of the worst hit      Cache   Translate Page   Web Page Cache   

An exit sign printed in English and French is seen in front of the White cliffs of Dover, at the Dover ferry terminal, Britain February 20, 2016. Stand on top of the white cliffs of Dover on a clear day and you can see the French coast and the constant traffic of ferries crossing the Channel, binding Britain and Europe through the flow of people and goods. Seen through many British eyes, the famous cliffs conjure up a different vision, that of a fiercely independent island nation with a nearly thousand-year history of repelling would-be invaders from the continent just 33 km (21 miles) away. The tension between these two facets of British identity goes a long way to explain the country's tetchy relationship with the European Union, which will come to a head in a looming referendum on whether to withdraw from the bloc. Photograph taken on February 20, 2016.

  • Investors have pulled $35 billion from European equities this year and $51 billion from European funds, according to Barclays data.
  • UK funds have seen outflows of over 6% of assets under management since the Brexit vote.

LONDON — Global investors are fleeing Europe in droves, according to Barclays.

Analyst Magesh Kumar Chandrasekaran and the European Equity Strategy team at the investment bank said in a note sent to clients on Thursday that billions have been pulled from European stock markets and funds in 2018.

Europe has seen the highest equity outflows so far this year of any major market. Investors have pulled $35 billion from European equities so far in 2018, the bank said

Barclays added: "European funds have seen redemptions for twenty-one consecutive weeks, worth $51 billn since the start of March this year. These redemptions have completely wiped out the inflows Europe receivedsince 2017."

europe flows

UK funds have suffered particularly badly. The bank writes: "Within Europe, outflows from the UK have been more severe compared to the rest of Europe. UK funds have seen outflows of more than 6% of AUM since the Brexit referendum."

UK funds have seen six weeks of fund outflows and $3.8 billion was pulled in the last week alone, according to Barclays data.

Globally, flows into equities have been flat over the last month and bonds saw $17 billion of inflows. $104 billion has been invested into equities so far this year, compared to $65 billion for bonds.

"Among regions, the US was the only major market to have received meaningful equity inflows over the last four weeks," the team said. "As trade war-related uncertainties increased in May, EM [emerging markets] funds saw $17bn worth of outflows. However, last week, EM funds received inflows for the first time in eleven weeks."

Investors are also shifting money from active funds to passive funds, with $82 billion shifting between the two strategies.

SEE ALSO: One in 2 ICOs failed in the 2nd quarter — and those that succeeded suffered huge losses

DON'T MISS: Barclays traders say they're building out a crypto desk— but the bank says it has nothing in the works

NEXT UP: Barclays is teaming up with a startup online lender — and it points to a growing trend for banks

Join the conversation about this story »

NOW WATCH: An early investor in Airbnb and Uber explains why he started buying bitcoin in 2009


          AGM Group Holdings Inc. Acquires Minority Equity Interest in Canadian Currency Exchange Company      Cache   Translate Page   Web Page Cache   

BEIJING, Aug 9, 2018 /PRNewswire/ -- AGM Group Holdings Inc. ("AGM" or the "Company") (NASDAQ: AGMH), a financial technology ("FinTech") company providing trading platform solutions and enabling technologies for brokerage firms and other financial institutions, today announced that it has ...


          Europees geld voor onderzoek naar fintech      Cache   Translate Page   Web Page Cache   
De Radboud Universiteit krijgt 1,8 miljoen euro uit het Horizon 2020 programma van de Europese Commissie voor onderzoek naar fintechtoepassingen.
          Enabling the Financial Services Shift to Microservices      Cache   Translate Page   Web Page Cache   

Financial services have historically been an industry riddled with barriers to entry. Challengers found it difficult to break through low margins and tightening regulations. However, large enterprises that once dominated the market are now facing disruption from smaller, leaner fintech companies that are eating away at the value chain. These disruptors are marked by technological agility, specialization, and customer-centric UX. To remain competitive, financial services firms are reconsidering their cumbersome technical architectures and transforming them into something more adaptable. A recent survey of financial institutions found that ~85% consider their core technology to be too rigid and slow. Consequently, ~80% are expected to replace their core banking systems within the next five years.

Emerging regulations meant to address the new digital payment economy, such as PSD2 regulations in Europe, will require banks to adopt a new way to operate and deliver. Changes like PSD2 are aimed at bringing banking into the open API economy, driving interoperability and integration through open standards. To become a first-class player in this new world of APIs, integration, and open data, financial services firms will need the advantages provided by microservices.


          117 Startups Selected For Plug and Play's Fall 2018 Batches      Cache   Translate Page   Web Page Cache   

websiteSUNNYVALE, California, Aug. 9, 2018 /PRNewswire/ -- Plug and Play announced today the 117 startups accepted into its Fall 2018 Batches. The selected startups will join one of the following programs: Brand & Retail, Cybersecurity, Fintech, Food & Beverage, New Materials &...



          Fiserv: An Undervalued Fintech Investment      Cache   Translate Page   Web Page Cache   
none
          The Linux Foundation Announces Keynote Speakers for All New Open FinTech Forum to Explore the Intersection of Financial Services and Open Source      Cache   Translate Page   Web Page Cache   

SAN FRANCISCO, Aug. 9, 2018 /PRNewswire/ -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, today announced the keynote speakers for Open FinTech Forum, taking place October 10-11 in New York. Focusing on the intersection of financial...


          Treasury Report on Nonbank Financials, Fintech, and Innovation       Cache   Translate Page   Web Page Cache   
The Treasury Department has issued a report to the President in response to the Core Principles for financial regulation set forth in EO 13772, calling for widespread changes to federally-backed mortgage lending, including changes to mortgage...
By: Weiner Brodsky Kider PC
          The Linux Foundation Announces Keynote Speakers For All New Open FinTech Forum To Explore The Intersection Of Financial Services And Open Source      Cache   Translate Page   Web Page Cache   


          NES Financial Receives “Industry Game Changer” Award at the 1st Annual IIUSA EB-5 Achievement Banquet      Cache   Translate Page   Web Page Cache   

Prestigious award given to Silicon Valley FinTech company for its innovative and industry-leading EB-5 administration solutions

(PRWeb May 09, 2018)

Read the full story at https://www.prweb.com/releases/2018/05/prweb15471398.htm


          NES Financial Announced as a Sponsor at the Third Annual Privcap Game Change: Real Estate 2017 Event      Cache   Translate Page   Web Page Cache   

Silicon Valley FinTech company showcases innovative fund administration solution for private equity real estate industry.

(PRWeb October 30, 2017)

Read the full story at https://www.prweb.com/releases/2017/10/prweb14837696.htm


          Kansas City Thursday Morning News Look      Cache   Translate Page   Web Page Cache   


We start the morning by catching up with one of our favorite Internets-focused hotties who joins Team Trump by proxy.

Checkit:

Peeps: Ivanka Trump Calls Karlie Kloss Her 'Sister' After Model Gets Engaged to Josh Kushner

Page Six: Karlie Kloss converted to Judaism to marry Josh Kushner

VF: Karlie Kloss Surprises Joshua Kushner and Flips Off the Paparazzi

Closer to home we offer glimpse of the top morning news links to start the day . . .

Celebrate Luxurious Kansas City Boozy Accommodations

In Kansas City, You'll Soon Be Able to Sleep in a Former Brewery

It doesn't get much more 'Heartland' than that. Kansas City is so hot right now. On the heels of the Queer Eye news (the Fab Five will film season three there) and the 21C opening, Aparium, one of the boldest American hotelier groups out there, has announced that they, too, are moving into Missouri's largest city.


Local Tech Talk Lineup Debuts

Techweek KC speaker lineup spans blockchain and 3D printing to fintech and inclusion

Techweek KC has released a diverse docket of events, panels and speakers that aim to inspire and mobilize the area's tech and entrepreneur community. Now in its fourth year, Techweek KC returns Oct. 8-12 with national tech, venture capital, nonprofit and blockchain leaders, said Drew Solomon, senior vice president of business development at the Economic Development Corporation of Kansas City.


Kansas Teen Political Prank Worked
No laughing matter: GOP teens garner 3,700 votes in tight KS gubernatorial primary
Kansas City Money Pit Feeding Time

'Zoo View:' Feeding Kansas City's hippo

KMBC 9 brings you "Zoo View," a behind-the-scenes look at what's happening this summer at the Kansas City Zoo. Our 11th edition allowed us to go behind the s...


EPIC Home Team Debut

Fillmyer earns first major league win as Royals topple Cubs 9-0

KANSAS CITY, Mo. - Heath Fillmyer allowed three singles over seven innings for his first major league win, Adalberto Mondesi and Drew Butera each drove in three, and the Kansas City Royals beat the Chicago Cubs 9-0 Wednesday night.


Cream - Politician (Farewell Concert - Extended Edition) is the #TBT song of the day and this is the OPEN THREAD for right now . . .
          Banca dominicana: a las puertas de la era digital      Cache   Translate Page   Web Page Cache   

Forbes México.
Banca dominicana: a las puertas de la era digital

La tecnología, la ciberseguridad y los millennials marcan las prioridades de marcha de los bancos dominicanos

Banca dominicana: a las puertas de la era digital
Forbes Staff


          Oliver Bernard Ltd: NET Developer - C#, Aspnet MVC, WebAPI, AngularJS, NoSQL      Cache   Translate Page   Web Page Cache   
£40k - £70k pa + 10% Bonus: Oliver Bernard Ltd: .NET Developer - C#, Asp.net MVC, WebAPI, AngularJS, NoSQL Interested in Zero-Downtime applications? Multi-threaded, Distributed, Concurrent programming? Then read below A leading fintech / finance / financial software company are seeking several levels o Hatfield
          Head of Mobile Engineering - Growing FinTech Startup - Michael Page - Bangalore Urban, Karnataka      Cache   Translate Page   Web Page Cache   
Leading multiple self-forming mobile engineering teams that span native iOS & Android platforms as well as hybrid applications....
From Michael Page IN - Sat, 12 May 2018 08:42:17 GMT - View all Bangalore Urban, Karnataka jobs
          Head of Mobile Engineering - Growing FinTech Startup - Michael Page - Bangalore Urban, Karnataka      Cache   Translate Page   Web Page Cache   
Leading multiple self-forming mobile engineering teams that span native iOS & Android platforms as well as hybrid applications....
From Michael Page IN - Sat, 12 May 2018 08:42:17 GMT - View all Bangalore Urban, Karnataka jobs
          NAGA GROUP: DE UNA IDEA DE BENJAMIN BILSKI      Cache   Translate Page   Web Page Cache   

NAGA GROUP: DE UNA IDEA DE BENJAMIN BILSKI – NAGA GROUP es, para mucha gente, un sinónimo de independencia financiera. Su aplicación principal es NAGA TRADER. Benjamin Bilski desarrolló numerosos productos clave de Fintech, introduciendo Switex, una especie de trueque virtual. El ex nadador profesional cofundó antes una startup popular, un motor de búsqueda de eBay…

The post NAGA GROUP: DE UNA IDEA DE BENJAMIN BILSKI appeared first on ESTAMOS SEGUROS MAGAZINE.




Next Page: 10000

Site Map 2018_01_14
Site Map 2018_01_15
Site Map 2018_01_16
Site Map 2018_01_17
Site Map 2018_01_18
Site Map 2018_01_19
Site Map 2018_01_20
Site Map 2018_01_21
Site Map 2018_01_22
Site Map 2018_01_23
Site Map 2018_01_24
Site Map 2018_01_25
Site Map 2018_01_26
Site Map 2018_01_27
Site Map 2018_01_28
Site Map 2018_01_29
Site Map 2018_01_30
Site Map 2018_01_31
Site Map 2018_02_01
Site Map 2018_02_02
Site Map 2018_02_03
Site Map 2018_02_04
Site Map 2018_02_05
Site Map 2018_02_06
Site Map 2018_02_07
Site Map 2018_02_08
Site Map 2018_02_09
Site Map 2018_02_10
Site Map 2018_02_11
Site Map 2018_02_12
Site Map 2018_02_13
Site Map 2018_02_14
Site Map 2018_02_15
Site Map 2018_02_15
Site Map 2018_02_16
Site Map 2018_02_17
Site Map 2018_02_18
Site Map 2018_02_19
Site Map 2018_02_20
Site Map 2018_02_21
Site Map 2018_02_22
Site Map 2018_02_23
Site Map 2018_02_24
Site Map 2018_02_25
Site Map 2018_02_26
Site Map 2018_02_27
Site Map 2018_02_28
Site Map 2018_03_01
Site Map 2018_03_02
Site Map 2018_03_03
Site Map 2018_03_04
Site Map 2018_03_05
Site Map 2018_03_06
Site Map 2018_03_07
Site Map 2018_03_08
Site Map 2018_03_09
Site Map 2018_03_10
Site Map 2018_03_11
Site Map 2018_03_12
Site Map 2018_03_13
Site Map 2018_03_14
Site Map 2018_03_15
Site Map 2018_03_16
Site Map 2018_03_17
Site Map 2018_03_18
Site Map 2018_03_19
Site Map 2018_03_20
Site Map 2018_03_21
Site Map 2018_03_22
Site Map 2018_03_23
Site Map 2018_03_24
Site Map 2018_03_25
Site Map 2018_03_26
Site Map 2018_03_27
Site Map 2018_03_28
Site Map 2018_03_29
Site Map 2018_03_30
Site Map 2018_03_31
Site Map 2018_04_01
Site Map 2018_04_02
Site Map 2018_04_03
Site Map 2018_04_04
Site Map 2018_04_05
Site Map 2018_04_06
Site Map 2018_04_07
Site Map 2018_04_08
Site Map 2018_04_09
Site Map 2018_04_10
Site Map 2018_04_11
Site Map 2018_04_12
Site Map 2018_04_13
Site Map 2018_04_14
Site Map 2018_04_15
Site Map 2018_04_16
Site Map 2018_04_17
Site Map 2018_04_18
Site Map 2018_04_19
Site Map 2018_04_20
Site Map 2018_04_21
Site Map 2018_04_22
Site Map 2018_04_23
Site Map 2018_04_24
Site Map 2018_04_25
Site Map 2018_04_26
Site Map 2018_04_27
Site Map 2018_04_28
Site Map 2018_04_29
Site Map 2018_04_30
Site Map 2018_05_01
Site Map 2018_05_02
Site Map 2018_05_03
Site Map 2018_05_04
Site Map 2018_05_05
Site Map 2018_05_06
Site Map 2018_05_07
Site Map 2018_05_08
Site Map 2018_05_09
Site Map 2018_05_15
Site Map 2018_05_16
Site Map 2018_05_17
Site Map 2018_05_18
Site Map 2018_05_19
Site Map 2018_05_20
Site Map 2018_05_21
Site Map 2018_05_22
Site Map 2018_05_23
Site Map 2018_05_24
Site Map 2018_05_25
Site Map 2018_05_26
Site Map 2018_05_27
Site Map 2018_05_28
Site Map 2018_05_29
Site Map 2018_05_30
Site Map 2018_05_31
Site Map 2018_06_01
Site Map 2018_06_02
Site Map 2018_06_03
Site Map 2018_06_04
Site Map 2018_06_05
Site Map 2018_06_06
Site Map 2018_06_07
Site Map 2018_06_08
Site Map 2018_06_09
Site Map 2018_06_10
Site Map 2018_06_11
Site Map 2018_06_12
Site Map 2018_06_13
Site Map 2018_06_14
Site Map 2018_06_15
Site Map 2018_06_16
Site Map 2018_06_17
Site Map 2018_06_18
Site Map 2018_06_19
Site Map 2018_06_20
Site Map 2018_06_21
Site Map 2018_06_22
Site Map 2018_06_23
Site Map 2018_06_24
Site Map 2018_06_25
Site Map 2018_06_26
Site Map 2018_06_27
Site Map 2018_06_28
Site Map 2018_06_29
Site Map 2018_06_30
Site Map 2018_07_01
Site Map 2018_07_02
Site Map 2018_07_03
Site Map 2018_07_04
Site Map 2018_07_05
Site Map 2018_07_06
Site Map 2018_07_07
Site Map 2018_07_08
Site Map 2018_07_09
Site Map 2018_07_10
Site Map 2018_07_11
Site Map 2018_07_12
Site Map 2018_07_13
Site Map 2018_07_14
Site Map 2018_07_15
Site Map 2018_07_16
Site Map 2018_07_17
Site Map 2018_07_18
Site Map 2018_07_19
Site Map 2018_07_20
Site Map 2018_07_21
Site Map 2018_07_22
Site Map 2018_07_23
Site Map 2018_07_24
Site Map 2018_07_25
Site Map 2018_07_26
Site Map 2018_07_27
Site Map 2018_07_28
Site Map 2018_07_29
Site Map 2018_07_30
Site Map 2018_07_31
Site Map 2018_08_01
Site Map 2018_08_02
Site Map 2018_08_03
Site Map 2018_08_04
Site Map 2018_08_05
Site Map 2018_08_06
Site Map 2018_08_07
Site Map 2018_08_08
Site Map 2018_08_09