Fintech

Financial Services Industry| News, how-tos, features, reviews, and videos

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Real estate blockchain set to go live in early '19

New York-based ShelterZoom is going live soon with its blockchain-based real estate offer-and-acceptance application; it's one of several ways companies are testing out the distributed ledger technology.

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Blockchain: What’s it good for? Absolutely nothing, report finds

Blockchain has entered Gartner's 'Trough of Disillusionment' as a new report cites dozens of purported success stories that turned out to be failures.

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Sirin to launch its first blockchain-enabled smartphone

The Swiss-based company said the phone will not only act as a cold-storage crypto wallet, but also give users a secure means of communicating with others.

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Ohio becomes the first state to accept bitcoin for tax payments

Ohio businesses can now use the cryptocurrency to pay their taxes and view the transactions in real time online via a transparent blockchain ledger.

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Indeed.com: Blockchain job interest (and postings) dip as bitcoin loses steam

Data from job-search site Indeed shows interest in those with blockchain development skills, including the creation of cryptocurrencies, has waned as bitcoin's value – and the hype around it – has fallen over the past year.

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Coming soon: Public blockchains for private business data

Ernst & Young has created a public blockchain prototype it plans to launch in 2019 that lets companies transact with any number of partners in an open network while protecting the privacy of each participant and their data.

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Apple in the enterprise? It’s nice, but you may need bigger change

No matter how many Macs, iPads, iPhones or even Surface devices you roll out at work, if you’re not prepared to change how you do business you’re probably on borrowed time.

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Blockchain to generate more than $10.6B in revenue by 2023

Blockchain has seen a real uptick in adoption as a number of companies roll out pilot tests in various industries and blockchain-as-a-service gains traction.

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Economist Nouriel Roubini: Blockchain and bitcoin are the world’s biggest scams

The economist who predicted the 2008 financial collapse has been telling congressional leaders that bitcoin and blockchain represent a significant threat to the stability of the financial marketplace. But he's getting pushback.

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Banks remain wary of blockchain-based electronic payment networks

While blockchain-based payment networks could help eliminate central authorities and their accompanying fees for cross-border transfers, banks and other enterprises see risks.

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Mastercard, Microsoft partner on B2B fintech network that could save billions

Mastercard and Microsoft have developed a B2B global trade platform that creates a directory of businesses for verification purposes and a payment and clearance network to challenge what is today a mostly paper-based system.

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EU regulation will drive U.S. banks to embrace FinTech or lose market share

Europe's financial services industry has been forced to embrace open banking and customer data sharing. Now, with PSD2, U.S. banks will soon have to follow suit or face increased online competition.

Bitcoin banned against a Chinese flag.

China once again cracks down on cryptocurrencies, news outlets

The Chinese government has banned more than a half dozen online media outlets after they published information on cryptocurrencies, and a regional government authority clamped down on all venues hosting crypto events.

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What Vitalik Buterin’s tweetstorm means for the future Ethereum blockchain

In an effort to explain what will be a major upgrade to the Ethereum blockchain that will include a Proof of Stake mechanism and sharding system, its founder meticulously detailed the history of development efforts and where those...

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U.S. Treasury: Regulators should back off FinTech, allow innovation

The Treasury Department, in a report, is recommending that state and federal regulators loosen their grip on FinTech and financial services firms in general and allow them to innovate.

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Blockchain, chatbots, and AI could reinvent corporate finance

Over the next several years, CFOs and their finance organizations will be able to tap three key technologies to make their business processes better, faster and less expensive.

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Google to offer blockchain as part of cloud service

Google has joined a growing number of cloud service providers who are offering blockchain to enterprises.

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How to decide whether to deploy blockchain

At a Forrester Research tech conference this week, principal analysts and the IT director for the Federal Reserve Bank of Boston talked about how to deploy blockchain and who should consider doing so.

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