The international payment services firm PayPal revealed its intentions for the blockchain technology space, after it was discovered in an SEC file that it had invested a million in the Startup Cambridge Blockchain, a technology company of the chain of blocks. Cambridge Blockchain CEO Matthew Commons said about the development:…
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The coordinator of the central banks, the International Bank for International Settlements (BIS, in its acronym in English) warns that the incorporation of major technologies such as Alibaba, Amazon, Facebook, Google and Tencent to financial services such as payments, savings and credit poses risks such as the emergence of dominant…
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Savedroid is not an unknown provider in the international fintech technology growth services industry. The last message around the company went back in early 2018 with an advertising effective hoax proverbial backfires. Now there is news from the environment of the developer. With its new concept, Savedroid now wants to…
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Neobanks are hitting hard. They promise a better user experience than traditional banks adapting a very old business to modern times much more quickly than the typical mastodons we know. The principles in which these banks operate are based on three pillars. First, the new banking users do not want…
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Technological giants such as Alibaba, Amazon, Facebook and Google could become dominant participants in financial services of payments, savings and funding, if global joint work is not done among regulators, supervisors and legislators, warned the Bank for International Settlements (BIS, by its acronym in English). “It is imperative that global…
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Najera also explained in her participation in the IMC that “until very recently it was very difficult to think of an economy without cash and yet, the disruption is coming to the world of people who use physical money.” He gave an example to China, a country where for 5…
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Traditional banking and technology based financial companies commonly referred to as fintech maintain a war that seems to have no end. The camera that groups these companies, where Mercado Pago stands out, came out to respond with harsh criticism from the banks, who have been insisting for some time now…
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In the absence of products that meet the needs of the centennial market, new fintech proliferate that break with traditional bank proposals and several options are offered in Spain. This was reported by that financial comparator to Cointelegraph en Español, on June 18, through a press release. Centennials or Generation…
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Facebook’s first foray into the financial world prompted an immediate question yesterday: how far will your new digital currency shake up traditional financial services? The vision of Facebook promises a world where banks and other means of payment are disintermediated by Libra, which could allow instant and almost free international…
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A joint investigation released by the IMF, which revealed information on a hundred member countries, ranked Asia in the first place in the creation of Fintech. While in Latin America and the Caribbean, the new companies of Fintech are growing, although from a low base. Both multilateral agencies undertook the…
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