U.S. banking regulators have made new proposals that would allow for banks to take stakes in venture capital and loan...
In an interview with a French newspaper Goldman Sachs CEO David Solomon said that his company is “absolutely” looking at...
In an op-ed in American Banker, former head of the CFPB fintech office, Dan Quan, argues for the support of...
Asset allocation is an emerging concept increasingly being introduced to Chinese retail investors who have historically invested in highly volatile markets; CreditEase is one fintech company in the region seeking to educate and support more strategic investing through robo advisory services; the fintech company launched its Toumi robo adviser service in May 2016; the automated service provides advice for clients based on age, risk aversion and other preferences; it offers stable returns with low fees; with numerous cases of fraud from fintech investing in China more of the retail population is interested in safer robo advisory investment options; the country currently has approximately RMB 100 trillion ($14.5 trillion) in personal investable assets with nearly all the major banks developing new robo adviser services. Source
On Wednesday, the governor of the Bank of England, Mark Carney, said that fintech could signal an end to the traditional bank model; this could also increase herding risks, adding "As those risks emerge, authorities can be expected to pursue a more intense focus on the regulatory perimeter, more dynamic settings of prudential requirements, a broader commitment to resolution regimes, and a more disciplined management of operational and cyber risks."; Mark Carney is also chairman of the Financial Stability Board which will report to the G20 in July on risks and rewards in fintech. Source
Canadian based insurance company Manulife launched a digital bank earlier this month and at the heart of that offering is...
DocuSign will now be a federal technology provider as it was certified by the Federal and Authorization Management Program (FedRAMP); the company is the first and only e-signature company authorized for use; the FCC will be the first to use DocuSign for procurement and human resources; DocuSign has previously worked with local government agencies. Source
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The Golden State Warriors have agreed to an international rights sponsorship with crypto platform FTX. Read the full article at:...
DeFi is beginning to expand beyond a niche market. The high interest available via saving and lending products, and multiple investment opportunities have begun to motivate people to enter the space. While the 2010s will be remembered as the decade where decentralized finance was born and...