Tuesday, September 27, 2016

LATEST NEWS

Blockchain outfit Iconomi raises $5.8m in ‘initial coin offering’

Iconomi, the first-ever fund management platform for blockchains and cryptocurrencies, today announced approximately $5.8 million in equity. Read more: www.finextra.com

Square slashes chip card reader transaction times

Square has moved to address merchant and consumer frustration with sluggish EMV transactions in the US by slashing the speed of its chip card reader. Read more: www.finextra.com

Banks are facing threats on many fronts

The banks are being threatened by the FinTech industry, while regulators are encouraging the competition. Read more: www.pymnts.com

Standards bodies embrace blockchain

A FinTech Technical Advisory Group has been established by the International Standards Organisation (ISO) TC68 Financial Services Committee. Read more: www.bankingtech.com

ACI Worldwide and Vocalink team up for payments push

A new paper from Finextra presents the findings of a recent survey into the adoption of AI in payments. Read more: www.bankingtech.com

AI in payments: The last mile in efficiency

A new paper from Finextra produced in association with Pelican presents the findings of a recent survey into the adoption of artificial intelligence. Read more: www.finextra.com

Juzhen rakes in $23m in largest Asian blockchain round

Blockchain post-trade startup Juzhen Financials has raised $23m in a Series A round of funding. The investment was led by Wanxiang Holdings. Read more: www.fintechroundup.com

UangTeman pulls in funding to process more micro-loans

Indonesian micro-lending firm UangTeman has raised an undisclosed pre-series A round in equity funding. Read more: www.fintechroundup.com

Zoopla leverages partnerships for investment channel

UK online property marketplace Zoopla is pushing into the rapidly growing property investment space. Read more: www.fintechroundup.com

New EU laws legitimise FinTech challengers

Rule changes open up ways for consumers to bypass banking sector. Read more: www.ft.com