Enabling Technologies

Mobile Wallet MobiKwik Raises $50 Million

Mobile wallet company One MobiKwik Systems Pvt. Ltd. announced that it has raised around $50 million in its Series C round of funding which was led by Japan’s payment gateway GMO and Taiwan’s semiconductor company MediaTek. The funding round also saw participation from existing investors Sequoia Capital and Asia-focused hedge...

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Authentication & Security

Zooz Closes $24M Investment Round

Payment Tech Innovator Continues Rapid Growth, Plans Further Global Expansion Tel Aviv, IL, May 3, 2016 — Payment technology provider Zooz today announced the closing of $24 million in new funding. The round was led by Target Global Ventures, and included Fang Fund, iAngels, Kreos Capital and existing investors Blumberg...

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Authentication & Security

How Your Wallet Will Become the Next Platform

TechCrunch recently featured an article by Alex Rampell (@arampell) about why your wallet is going to become the next platform. More specifically, he was talking about how the digital wallet is going to become the ultimate financial platform. “As digital wallets increasingly become the origination point for consumer spending, they...

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Enabling Technologies

GAFA: AI Is the Future

However scary or exciting AI may seem to different categories of population, it is an inevitable future. AI has been successfully applied across industries that previously have been human-heavy. Wealth management, investment management, advising, insurance, the practice of law and other spheres are seeing an active intervention of artificial intelligence...

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Authentication & Security

Post-Trade Clearing & Settlement Processing Optimization: An Opportunity for Blockchain?

Most of the previous decade in the capital markets space has been spent on optimizing the efficiency and speed of the pre-trade processing. Pretty much all of today’s stock exchanges are extremely efficient centralized electronic marketplaces running fully computerized order-matching engines, with ability to receive and process tens of thousands...

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Lending

Payday Lending: How Does Legal Sharking Look Like in 2016?

The financial world has its own sharks that operate perfectly within the confines of law. However, they wouldn’t be sharks if there weren’t negatively affected parties—in particular, customers. Payday lenders are one of those parts of the financial services industry that have been unintentionally (or intentionally) legally sharking the ones...

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Blockchain

8 Places to Look for Financial Data for Cryptocurrency Markets

Cryptocurrencies have taken a special place in the minds of financial industry professionals as a wide range of cryptocurrencies have reached quite a significant market capitalization and turnover over the past year. In 2016, cryptocurrencies are undeniably an important part of the ecosystem along with the companies working with them. Even though they...

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Authentication & Security

Winners of the DIAmond Awards Announced: The InsurTechs With the Most Strategic Impact for the Insurance Industry

The recently concluded DIA Barcelona 2016 saw the DIAmond Awards being awarded to InsurTechs with the most strategic impact. Here are the six companies that were awarded: BigML democratizes machine learning solutions that enable insurance companies to build analytics capabilities faster than ever before. BIMA offers mobile insurance to the...

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