Finance
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LATEST FINTECH NEWS
 
Fintechist Financial Crime Costs

Financial Crime Costs Continue to Mount for all Financial Institutions

by JP Buntinxon September 25, 2017
Financial crime continues to rise every single year. It is one of the most lucrative industries for criminals all over the world. Unfortunately, this also means compliance costs will soar over time. This is mainly thanks to new regulation and advanced criminal methodologies. This new research from LexisNexis Risk Solutions paints a troublesome picture for […]
Fintechist ECB Fintech Banks

Fintech Banks may Face Additional Requirements due to Revised ECB Guidelines

by JP Buntinxon September 22, 2017
It is evident the banking sector faces major threats on all fronts. Digital money, mobile payments, cryptocurrencies, and DLT are just some of the competitors right now. There are also fintech banks, which often pose a legitimate challenge to the rest of the financial sector. If it is up to the European Central Bank, however, […]

Fintechist China Economy Rating

China’s Brittle Economy Results in Reduced Sovereign Credit Rating

by JP Buntinxon September 22, 2017
Things are not looking all that great for China’s economy these days. We all know their quarterly reports are heavily inflated and modified. Earlier today, S&P Global Ratings cut the country’s ┬ásovereign credit rating. It is the first time this happens in 18 years. The main reasons for doing so include soaring debt and a […]
Fintechist Mobile Money Europe Visa

Visa Report Shows Mobile Money is Gaining Popularity in Europe

by JP Buntinxon September 21, 2017
There are always some interesting financial trends to take note of. Mobile money, for example, is one of those trends that will either succeed or fail miserably. In Europe, it appears mobile money is gaining traction pretty quickly. That is, according to a recent Visa report. Do not be mistaken in thinking everyone in Europe […]

Fintechsit Canada Cryptocurrency ICOs

Canada has no Intention to ban Cryptocurrency ICOs

by JP Buntinxon September 17, 2017
Cryptocurrency ICOs are subject to a lot of speculation and scrutiny right now. Various governments around the world are looking at ways to regulate this industry. Most of these efforts are not positive whatsoever, especially not in the US and China. Canada, on the other hand, may do things a bit differently. There are still […]
Fintechist Goldman Sachs Fintech

Goldman Sachs Values Potential Fintech Profits at $1bn Over the Next Three Years

by JP Buntinxon September 16, 2017
It is evident the fintech industry is a vital part of the future of finance. Just how big of a role this industry will play, remains to be seen. According to Goldman Sachs, fintech has the potential to become as “valuable as trading itself”. That is quite a nod of confidence from an unexpected ally. […]