NEWS
Viewing posts categorised under: FinTech
27
Jul
Jul
Open Banking and the Future of Financial Services – Are you a survivor or thriver?
Chantal Thomas 0 comments FinTech
Every day there is a new article that discusses the sea change disrupting the banking industry. This change, they say, will fundamentally disrupt the financial services value chain for customers, intermediaries, and incumbents alike. There is no avoiding the signs.
25
Jul
Jul
Early engagement required for FinTech success
Chantal Thomas 0 comments FinTech
The latest FinTechNZ Connect event series in Wellington, Christchurch and Auckland raised important issues, a constant theme being the need to engage early with authorities and business.
19
Jul
Jul
NZTech expansion sign of rampant tech sector growth
Chantal Thomas 0 comments AI Forum, FinTech, Media Release, NZ IoT Alliance, NZTech News
The substantial growth of the country’s umbrella tech organisation NZTech is indicative of the rapid expansion of the nation’s fastest growing industry, says its chief executive Graeme Muller.
18
Jul
Jul
FinTech will grow globally through collaboration
Chantal Thomas 0 comments FinTech
Article from www.virgin.com
In some ways big business has never been bigger. As Apple surges past an $800bn valuation it’s increasingly clear that a small number of tech companies are monopolising international markets.
17
Jul
Jul
Fidelity adds Bitcoin to website and cafeteria as the digital currency hits new record
Chantal Thomas 0 comments FinTech
Article from Vito Petan on LinkedIn
Fidelity, one of the largest asset managers in the world, added bitcoin support to their website and started accepting the digital currency in its employee cafeteria, as it tries to position itself as the pioneer in digital currencies among the large financial firms. As Bitcoin price hit $2,650 today, it is just another sign that Bitcoin and and other possible usages of blockchain are moving full steam ahead into financial mainstream.
14
Jul
Jul
Can banks survive the FinTech revolution?
Chantal Thomas 0 comments FinTech
Article from Vito Petan on LinkedIn
In a country where a staggering 425 million people, or 65% of all mobile phone users use mobile phone wallets to transfer money to their friends or pay at local shops and restaurants in mere seconds, there is also a contrasting experience. Outdated state owned banks, where you usually have to wait at least 30 minutes to get to a counter and sign 3 sheets of paper before you can transfer money dominated the industry with no real competitors in sight. Until now.
13
Jul
Jul
Launch of Zelle Is Proof That FinTech Firms Have the Power to Sway Big Banks
Chantal Thomas 0 comments FinTech
Article from www.letstalkpayments.com
Since its founding in 2009, Venmo has established itself as one of the premier peer-to-peer money transfer servicesand one of the most prominent names in FinTech. From its humble beginnings as the brainchild of former college roommates, the app was the first to enable quick and easy money transfer between friends and last year processed $17.6 billion worth of payments, a 135% increase from the previous year. In 2016, Time magazine named it one of thebest apps of the year, and in 2017, Fortune magazine named it one of its breakthrough brands. It has, without a doubt, changed the landscape of P2P payments by taking advantage of the inefficiencies of exchanging money with friends via traditional methods offered by the big banks.
10
Jul
Jul
Wellington students win IT award by pushing boundaries
Chantal Thomas 0 comments FinTech, Industry News
21
Jun
Jun
Bitcoin startups stalled by banks
Jackie Clark 0 comments FinTech
A FinTech industry without cryptocurrency is simply absurd in this day and age. Read all about this emerging market and the challenges facing bitcoin exchanges as they try to establish themselves in New Zealand. There is a massive opportunity presented by cryptocurrencies and we need to be encouraging our banks and regulators to step up to the challenge.
21
Jun
Jun
This article from Bloomberg depicts how globally- deployed financial technology (FinTech) impacts this social phenomenon and how it became a lucrative market for Western Union.
Early in the summer of 2014, executives at Western Union offices around the globe began to notice something strange. The world’s largest money transfer company, Western Union Co. processes 31 transactions a second, and the money moves in distinct regional and seasonal patterns, like ocean currents or highway traffic. When disruptions occur or new patterns emerge, a knowledgeable observer can spot history unfolding in real time: The volume of transfers reflects the ebb and flow of nations’ economic growth and the vacillations of commodity markets. Natural disasters show up as sudden influxes of cash.
