XRP Price Jumps 7% as Ripple Executive Confirms XRP Remittance Platform Live in Europe
Marcus Treacher says that Ripple is working hard to expand its On Demand Liquidity (ODL) platform to offer more corridors this year. XRP price is up.
FinTech News
Find latest news about FinTech - the technology that drives the development of financial applications, processes and products revolutionizing the way we live 
China’s Uber DiDi Set to Trial Country’s CBDC Digital Yuan
DiDi, being the dominant ride-hailing in China with its over 500 million users, would offer the first real application of Digital Currency Electronic Payment (DCEP).
Chainlink (LINK) Price Hits All-Time High on China’s Blockchain Network Launch News
Chainlink’s popularity remains on a rise in the Decentralized Finance (DeFi) space. The price of the LINK cryptocurrency has surged over 225% since the beginning of 2020.
BYND Stock Down 0.18%, Beyond Meat Partners with Alibaba to Enter Chinese Retail Sector
Before Beyond Meat announced its partnership with Alibaba, the firm revealed another deal in China deal with the Sinodis food distributor.
India to Host Two-Day Virtual Fintech Fest
A two-day Global Fintech Festival is themed around “Fintech: With and Beyond COVID” and will take place on 22nd and 23rd of July.
TransferWise Set to Introduce Investment Product
The new investment service from TransferWise will allow retail users to earn passive returns.
U.S. Senate Committee Discusses Digital Dollar as Giancarlo and Others Testify
The U.S. Senate committee on banking, housing and Urban Affairs held a virtual hearing yesterday on the “Digitization of money and Payments”. Chris Giancarlo and others were in attendance.
Chime Launches Credit Builder, Credit Card System with Debit Model
Chime, American technology neobank and financial services provide, has launched a new Credit Builder with similarities to debit card functionalities.
Fintech Startup solarisBank Raises $67.5 Million in Series C Funding Round
Fintech solarisBank in its recent Series C funding round has raised $67.5 million. The bank got contributions from BBVA, ABN Amro, and SBI.
Binance Works on Its Payment Cards and Plans to Purchase Majority Stake in Swipe.io
Binance is planning to own a majority stake in Swipe.io as a way to fast-track its payment card services.
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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