Huobi Global Announces Payment System Overhaul to Aid Card Payments
Huobi Global exchange has seen a hike in activities and its involvement to boost crypto and blockchain innovation adoption in recent times.
FinTech News
Find latest news about FinTech - the technology that drives the development of financial applications, processes and products revolutionizing the way we live 
Digital Yuan to be Compatible with Alipay and WeChat
By John K. Kumi
Currently, 10 million yuan in digital currency worth $1.5 million has been issued to about 50,000 randomly selected residents out of a total of 1.9 million people who applied.
Ant Group Uses Blockchain to Save Content Creators from Copyright Issues, Gets Final Approval for IPO
The blockchain technology can be relied upon as it is vast and tamper-proof, moreover, anybody can verify the data on the chain.
PayPal’s Entry to Crypto Market Pushes Bitcoin (BTC) Price Above $13,000
PayPal’s big announcement of offering cryptocurrency trading services has taken the financial world by storm. It’s about time that every major global bank will possibly provide support for the world’s largest cryptocurrency.
PayPal Partners with Paxos to Enable Crypto Services
In the future, PayPal plans to work with global central banks to further tap on digital assets’ capabilities.
JPMorgan Launches Its QuickAccept Card Reader For faster Payment Processing
Though many of JPMorgan’s customers still make use of the payment processing platforms from competitors, it is expected that they will begin to migrate their businesses down to the QuickAccept-enabled platform.
Ant Group, World’s Highest-valued FinTech Company, Gets Chinese Approval for HK IPO
Ant Group is expected to hold its IPO in Hong Kong, however, the details are still unclear.
Ripple CEO Convinced of Strong ODL and XRP Growth, 2020 ‘Was a Success’
Ripple launched On-Demand Liquidity using XRP in 2018. Since then, the firm now has over 24 clients including Azimo and MoneyGram.
PFE, BNTX Stocks Up, Pfizer Hunts for U.S. Emergency Use Approval for Its Coronavirus Vaccine
For the Pfizer and BioNTech coronavirus vaccine to be approved by the U.S. FDA, they will have to provide the regulatory body with at least two months of safety data.
Revolut Close to Applying for U.S. Bank Charter
By James Lovett
European fintech giant Revolut will soon be operational in California once it gets the license to carry out its activities throughout the United States.
Financial Technology News
The word “fintech” is derived from “financial technology” which means the integration of technological tools and innovations into financial operations in order to enhance and automate the financial processes. Fintech is used to assist financial institutions, businesses in the management of their operations to provide better services to their customers. As the industry of fintech is actively evolving, there is no surprise at all that the news from this sphere can attract wide attention.
Adoption of fintech by a company would mean a significant change to their mode of operations as it involves the use of specialized algorithmic models, mobile applications and dedicated computer software packages.
At its initial introduction stage, companies from a range of industries including banking, education, fundraising, health, venture management, etc. only used fintech for back end systems where they get absolute and full control. Nowadays, most industries have started using the innovation for consumer-oriented services in an attempt to serve their clients better while increasing the transparency in their operations.
Impact of Fintech News
As we move towards a significantly digitized world, from the introduction of the internet to social media, smartphone evolution and now blockchain technology, the need for adoption of cryptocurrency cannot be overemphasized. As the underlying framework of pioneer cryptocurrency bitcoin, the blockchain is a vital part of fintech. We’ve seen a number of blockchain-powered fintech apps being employed by banking industries and data inclined platforms.
Fintech has become a major part of the finance space in recent years, this points to the fact that major conglomerates have identified and prioritized its importance in growing their businesses. Fintech works closely with other new technologies such as data-driven analytics and marketing, machine learning, artificial intelligence, etc.
Coinspeaker presents the best and latest Fintech news, ranging from its use in cross border payments, startup business fundraisers, venture management, credit application, to remote banking, as investors and stakeholders’ awareness about the innovation continues to rise daily.
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