On January 15, 2016, the government of Vermont, a small state in the northeastern part of the U.S., published a report on blockchain that includes findings and recommendations concerning the potential opportunities and risks of creating a presumption of validity for electronic facts and records that employ blockchain technology and...
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Israel startup TravelersBox, a provider of airport kiosks for saving leftover foreign currency, today announced that it has secured a $10 million Series A round led by Arbor Ventures along with participation from existing investors. The company’s kiosk is actually a box that lets you turn your foreign currency into...
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By Jeff Matheson, Managing Director, HiFX North America Each year, an estimated 6 million households in the U.S. send billions of dollars to family, friends, and others abroad. Some are supporting children studying in another country, some are planning destination weddings or long-term vacations, and others are buying property --...
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Let’s Talk Payments keeps a periodic track of FinTech investments in the industry. Our latest study found out that $4.5 billion worth of FinTech investments were made in five months from July 2015 to November 2015. Our analysis also revealed that the majority of the funding raised by the companies...
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Bitcoin is a virtual monetary system, a peer-to-peer currency with no central bank. It is based on digital tokens with no intrinsic value. An outstanding innovation in the 21st century payment system, bitcoin gained popularity in its initial phase in the FinTech industry, but gradually the virtual currency is losing...
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Blockchain consortium R3 (R3CEV LLC), a consortium of 42 financial companies that focus on block chain usage, is an innovative firm focused on building and empowering the next generation of global financial services technology. R3 is a financial markets crypto, exchanges and venture practice. They aim to leverage their team’s...
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Cross-border payments leader increases focus in Canada, one of the fastest-growing international education markets Boston, MA and Toronto, ON, Canada – [Press Release] – Flywire (formerly peerTransfer), a leading provider of cross-border payment solutions, today announced the acquisition of Toronto-based ScholarFX, a respected processor of tuition, room and board payments...
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Renters Enjoy Secure, Easy Payment with MasterCard-branded Cards, MasterPass or Mobile Phones RadPad, a mobile rental marketplace, announced that MasterCard cardholders can now enjoy the convenience of paying rent with their MasterCard-branded credit or debit cards, MasterPass digital wallet or via iPhone and Android apps. Using Pay with RadPad, renters...
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“How much do Americans save?”or “Do Americans even save?” has been a topic of discussion globally. While some parts of the world like India have a strong culture of saving money, western countries are not very well-known for that culture. A Government Accountability Office (GAO) analysis found out that in...
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Bank of America Corp. (NYSE: BAC) reported its Q4 2015 and full-year 2015 results before markets opened on Tuesday, January 19, 2016. The bank’s fourth-quarter profit rose 9%, primarily driven by its growth in consumer bank and trading revenue. The earnings call presented diluted earnings per share (EPS) for the...
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The SBC FastTrack program is for early-stage startups that have at least a beta product and a client base; there are no prerequisites for funding. The Startupbootcamp FinTech’s FastTrack event is to be held across 16 locations in the Asia-Pacific region. Ten startups will be selected to take part in...
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FinTech leader WorldRemit now offers cash pickup service in Nigeria Denver, CO, [Press Release]: WorldRemit, the global money transfer app, today introduces instant transfers to Nigeria. In addition to its same-day bank transfer service, WorldRemit now allows people to send money to more than 140 cash pickup locations in Nigeria,...
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