11 Fintech Companies in UK’s Trade Delegation to Australia & NZ
The Department for International Trade (DIT), the UK’s sole government department that negotiates to strike or extend trade agreements between the UK and non-EU states will send a Fintech delegation of 11 UK companies to Australasia. Aimed at promoting Fintech opportunities in the Fintech spaces in Australia and New Zealand, the trade mission will see a delegation of “eleven successful UK fintech companies” visit the countries in March. The 11 UK companies that form the delegation include credit rating specialist Aire; Fintech data analytics firm Clarus; asset allocation consultant ClearMacro; compliance solutions firm FundApps; investor relations firm Ingage; financial lenders Iwoca and Neyber; blockchain-based data platform ObjectTech; identity verification platform […]
London Blockchain Week showcases the good side of Blockchain
The cryptocurrency technology is known for its ease-of-access, transparency, and decentralization. These very features also bring in accountability, which is much needed in today’s social good sector. The use of Bitcoin in the non-profit industry sector has already shown promising results, enabling people to donate to the needy, in a timely manner irrespective of the location. The recently concluded London Blockchain Week 2017 showcased the cryptocurrency and distributed ledger technology in a different light. There is a popular misconception among many that Bitcoin and altcoins are for criminals who sell drugs and weapons on the dark net. But one look at few of the “blockchain for good” initiatives is enough […]
South Africa to establish a strong foothold in Fintech Sector
The next fintech and blockchain revolution is waiting to happen in South Africa. The country is already home for some of the most innovative startups, and with the new fintech wave catching up, more startups are expected to raise their heads by the end of this year. According to a leading regional startup news platform, most of the innovations in the year 2017 will be focused on mobile payments, digital banking, Bitcoin, SME financing, data analytics, real estate and automation solutions. Incidentally, all these priority areas present an opportunity for the implementation of blockchain technology. The developing world is increasingly moving towards mobile payments. The rise of mobile wallet services […]
Announcing the APAC Blockchain Conference, Sydney, Australia
Quest Events are excited to announce the launch of the APAC Blockchain Conference, developed in partnership with the Australian Digital Currency Commerce Association (ADCCA) and supported by Australian FinTech, set to take place from 7-9 March 2017 in Sydney. The event will focus on identifying the opportunities and overcoming the challenges to make revolutionary blockchain technology a reality. By bringing together over 40 blockchain leaders from across Australia and further afield, the event aims to deliver a comprehensive insight into how blockchain can be commercially implemented and the challenges that still need to be overcome. Key speakers that can be highlighted include: Joseph Lubin, Co-Founder, Ethereum and Consensys Ahmed Fahour, […]
Peer-to-peer loans hedge fund LendingRobot combines robo-advice with blockchain
Alternative lending investment platform LendingRobot combines robo-advice with blockchain technology to make the fund fully transparent to investors. The investment platform also uses the cloud and offers a dollop of machine learning to enhance returns. The Seattle-based hedge fund will only invest in peer to peer loans: Lending Club, Sofi, Funding Circle and the like, allowing investors exposure to thousands of loans at once across consumer credit, small business loans, and even real estate loans. For investors, the returns in investing in these loans are extremely stable income-generating assets (people tend to pay them back), noted a spokesman. Historical returns on peer lending for investors average around 7%, while returns […]
BitFury Group announced $30 million deal with Credit China Fintech
Blockchain infrastructure provider BitFury Group announced on Thursday a deal with Hong Kong-listed fintech company Credit China Fintech Holdings to set up a joint venture that will focus on promoting the technology in China. As part of the deal, Credit China Fintech will invest $30 million in BitFury shares and the setting up of the joint venture. The joint venture will be used to sell BitFury’s bitcoin mining equipment. BitFury Group provides hardware and software around blockchain technology and this will be its first major venture in China. Blockchain refers to the technology underlying the crypto-currency bitcoin and works like a huge, decentralized ledger that records every transaction made on […]
Australian FinTech will exceed AUD $4 Billion by 2020
A new report has found that FinTech revenue in Australia is predicted to grow at a compound annual growth rate (CAGR) of 76.3 percent and exceed A$4 billion by 2020. The research, Australian Fintech, Forecast for 2020, found that this increase was down to a reduction in taxes on investments in startups, tech-savvy digital individuals, and a rise in mobile payments. According to Research and Markets, in 2015 the Australian FinTech market produced A$247.2 million with 2016 generating further growth and 2017 predicted to continue the upward trend. The research found that there are three areas that financial technology services are focusing on in Australia that will grow by 2020: […]
US clearing house moves to blockchain
Swaps processing platform for distributed ledger. US post-trade provider, the Depository Trust & Clearing Corporation (DTCC), will use blockchain technology to rebuild a platform that processes US$11 trillion worth of credit default swaps each year, the company said. IBM and technology startups Axoni and R3 CEV have been selected to work on the project which is set to kick-off this month, the DTCC said. Project management and integration services will fall to IBM, which will also contribute distributed ledger technology expertise. Axoni’s AxCore DLT protocol will form the basis of the platform. AxCore will be submitted to the Linux Foundation’s HyperLedger project and become open source once the DTCC implementation […]
