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.
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.”
An announcement has been made by a global fintech firm based in Hong Kong, ATOM Group that they have launched a blockchain asset exchange powered by the London Stock Exchange Group Technology (LSEG). The CIO of LSEG Technology commented, “We are delighted to have been selected by ATOM to provide a best-in-class technology solution to help power its new exchange.”
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.
Gottfried Leibbrandt of SWIFT (Society for Worldwide Interbank Financial Telecommunication) will be vacating his office of Chief executive officer (CEO) by June 2019. He had been heading the company for the past seven years, that is since 2012. Since 2016 hacker heist many startups in the fintech sector have emerged to use blockchain technology and digital currencies in cross-border payments.
The LINE Plus Corporation has declared GrayHash, an online security research center, acquisition. The GrayHash has been renamed as GrayLab. The acquisition is aimed to bring security solutions to the LINE’s services encircling fintech, messenger, AI, blockchain and the digital asset exchange. The CEO and co-founder of GaryHash, SeungJin would continue to chief GrayLab.
Binance is to get an index called Binance ETx to track the performance of 20 most traded coins. The new asset token is developed by Blackmoon, a blockchain fintech company. Blackmoon’s COO Sergey Vasin commented their aim is to help investors get benefits of diversification and automation. It is the first of its kind to enter the crypto space.
The Swiss Financial Market Supervisory Authority (FINMA) has come up with regulations on the FinTech license. Reportedly, the blockchain and crypto-related companies seek FinTech license commencing from 2019. The applicants have to provide various details such as fintech project, job description, anti-money laundering policies, and others. The regulation permits the acceptance of $300 million public deposits.
As an effort in gaining a deeper understanding regarding the emerging blockchain technology, the US Securities and Exchange Commission (SEC) has recently launched the Strategic Hub for Innovation and Financial Technology (FinHub), headed by Valerie A. Szczepanik, to engage with cryptocurrency and blockchain-related start-ups. The FinHub would be used to spread all information expressed by the SEC.
The Sygnum fintech company has declared association with a blockchain firm daura aimed at the development of a solution for the safe issuance of digital assets including tokenized shares. The Sygnum aims to equip the financial services infrastructure. Reportedly, the fintech firm has formed a joint venture with Swisscom for introducing secure storage of digital assets called Custodigit.