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Hi. I'm Aaron Weinman. The most interesting thing I learned when I first visited a Walmart was the sheer range of goods the retailer has on offer. Turns out that diversity extends to services — specifically banking — too. Walmart has sewn the seeds for a thriving fintech for some time. In January last year, […]
When Kazakhstan’s Ministry of Finance probed a slowdown in the processing speed of computers in February, they found unusual culprits. The ministry’s own IT specialists had secretly installed software on its information processing systems to profit from mining, or encrypting and decrypting, cryptocurrencies— inadvertently also shining a light on an emerging facet of Central Asia’s […]
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. Business Insider Intelligence In recent years, we’ve seen a ballooning of activity in fintech — an expansive term applied to technology-driven disruptions in financial services. And 2018 has been […]
Conflict with banks has made them shift their focus
Kitty cash FOR those still trying to work out what exactly “fintech” involves, we are sorry to bring you this update from China, a world leader in mixing finance with technology. Fintech is passé; the hot new thing is “techfin”. This ungainly portmanteau was coined by Jack Ma, the chairman of Alibaba, an e-commerce giant, […]
To say that the internet has played a massive role in the shaping of global society is a bit of an understatement, really, but one area that often gets overlooked is its influence on language. Thanks to teh interwebz (bear with me), we’re all exposed to words, phrases and spellings from languages and subcultures we […]
BI Intelligence Digital disruption is affecting every aspect of the fintech industry. Over the past five years, fintech has established itself as a fundamental part of the global financial services ecosystem.See the rest of the story at Business Insider See Also: How fintechs are targeting small- and medium-sized businesses and pushing incumbents to fight back […]
BI Intelligence This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. US-based growth investor Motive Partners has decided to open its new European hub in Canary Wharf, London. The company focuses on fintech investments, and has so far invested in companies including data algorithmics company LMRKTS and an unnamed private […]
(Reuters) — The European Union’s executive has proposed a draft law to offer crowdfunding platforms bloc-wide access to customers as part of efforts to boost growth in the financial technology sector. Crowdfunding allows start-ups to tap small sums of money from many individuals as an alternative to a bank loan, still the main source of […]
BI Intelligence This is a preview of a research report from BI Intelligence, Business Insider’s premium research service. To learn more about BI 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 […]
