Fintech

Japan Major Financial Institution to Introduce Blockchain-powered Trade Finance Services

Japan: Major Financial Institution to Introduce Blockchain-powered Trade Finance Services

One of the largest bank in terms of total assets in Japan, the Sumitomo Mitsui Banking Corporation (SMBC) will be launching blockchain-powered trade finance services. The managing director of Marco Polo, Danie Cotti explained, “Today, we have the resources and technology to transform the way banks serve their trade finance customers and enable easier access to credit while minimizing risk and increasing transparency.”

SILA Launch New Economy App in Beta

SILA Launch New Economy App in Beta

An API platform for the development of FinTech, Sila has launched a Beta program with vision to become a connecting bridge of Ethereum blockchain and the existing payment system. The CEO of Sila, Shamir Kakal commented, “Blockchain has provided a revolutionary method to transfer value, but the industry still needs to connect to existing banking facilities to move forward.”

Blackmoon Joins Hand With Many To Bring Out a Investable ETxs

Blackmoon Joins Hand With Many To Bring Out a Investable ETxs

Blackmoon Financial Group (a FinTech & Blockchain Firm) has partnered with Daneel.io, Plato Technologies Inc., Dr. Werner & Partner, Jarvis International Ltd., Rivver and FintechSauce to create a showcase of investable Exchange Traded Indexes (ETxs) that track the performance of a multitude of products, services and sentiment indexes that these firms offer.

Line Messaging App To Enter In FinTech and Cashless Payment

Line Messaging App To Enter In FinTech and Cashless Payment

A popular messaging app in Asia Line plans to enter into digital payment and other fintech services. Jungho Shin, the founder of Line, said that, “My biggest priority is to ensure that the company is in a constant position to deliver innovation. As many cases in the US and Europe show, the fear is that we will become big and sluggish.”

SEC Organizes Public Forum for Fintech and Blockchain

SEC Organizes Public Forum for Fintech and Blockchain

As an effort in gaining more information and understanding regarding the emerging technology of Blockchain, SEC has shared that they’re going to organized a public forum on fintech and blockchain. The public forum will be organized on this coming May 2019 at the SEC’s Washington D.C headquarters and will become the second one of its kind.

Israeli Fintech Firms Indulged in Crypto Targeted by Malware

Israeli Fintech Firms Indulged in Crypto Targeted by Malware

A cybersecurity company Palo Alto Networks have reported that the Israeli fintech companies that are working with cryptocurrency are targeted by Malware. The report was prepared by the company’s research department Unit 42 have claimed that there is a possible correlation between Cardinal RAT and JavaScript-based malware dubbed EVILNUM which was used in attacking similar organizations.

Canada Eyes on Developing Crypto Framework

Canada Eyes on Developing Crypto Framework

A consultation paper that targeted the FinTech community, market participants, and crypto investors have been published by two Canadian financial authorities. The Canadian Securities Administrators (CSA) then explained, “We have heard directly from these platform operators, that a regulatory framework is welcomed, as they seek to build consumer confidence and expand their businesses across Canada and globally.”

Token.io Collaborates with Mastercard to Develop “Open Banking Hub”

Token.io Collaborates with Mastercard to Develop “Open Banking Hub”

A collaboration made between Token.io that is also the fintech stellar start-up with a global payment provider, Mastercard with the aim in building the “open banking hub”.The Senior VP of Mastercard, Jim Wadsworth expressed his optimism towards open banking by describing that it has the potential to revolutionise how we all interact with financial services.

Ripple to help Mexico and Philippines Transfer

Ripple to help Mexico and Philippines Transfer

Vienna-based fintech start-up, Transpaygo to use xRapid (XRP-blockchain) for Mexico and Philippines transfer payment. Its Founder, Mirko Kinigadner explained, “Thanks to Ripple, we can tap the promising markets of Mexico and the Philippines in a whole new way for money transfer. In this cooperation, we see the future: even safer and cheaper money transfers abroad. And in a few minutes.”

tZero Names Alan Konevsky As Chief Legal Officer

tZero Names Alan Konevsky As Chief Legal Officer

tZero, a company is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of FinTech based on blockchain has appointed Alan Konevsky as its chief legal officer (CLO). Konevsky, who was most recently a senior vice president at Mastercard, will oversee tZERO’s expanding legal, regulatory, public policy and compliance functions.