Banking

Credit Unions leading with Consumer Blockchain

More than 50 credit unions are now laying the groundwork for what they believe could become the financial industry’s first live blockchain project. Unlike many of the enterprise blockchain projects, CU Ledger’s work will be consumer-facing. After a meeting in Chicago last week, CU Ledger has started working with sovereign identity provider Evernym Inc to…

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Chinese Installments startup nabs $235m funding

An online store, Fenqile, on which shoppers can pay in installments is slowly persuading Chinese people that they don’t need to pay for everything upfront – as is still the norm in the cash-based society. In the first six months of the year, Fenqile claims its customers snapped up US$1.5 billion worth of products. Read…

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40 African FinTech Payment Companies

Africa is the largest unserved market with estimates of 30 million adult Africans lacking access to formal financial services. There are segments in the financial services industry that are particularly advanced in terms of adoption scale such as remittance via mobile which has picked up a rapid pace in Africa. M-Pesa being Kenya’s dominant mobile…

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Key Blockchain Lead Departs from UBS

UBS joins a list of financial firms including BNP Paribas, Deloitte, JPMorgan and State Street that have seen blockchain subject matter experts depart in recent months.Its Innovation lab lead and ‘crypto 2.0’ researcher Alex Batlin will depart UBS in October. Batline led Level39, a UBS R&D lab, to explore distributed ledgers and cryptocurrencies. He also…

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