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Credit Scoring And Blockchain — New Rating Agencies To Emerge
Bnt-reviews   |   18.03.19  |  

Banks turn to blockchain technology. But is it worthwhile from an economic and ethical point of view? Bitnewstoday journalists examine the credit scoring implementations Credit scoring is a system that figures out a borrower's rating using mathematical methods. The personal data of the person or organization, credit history and statistics on borrowers with similar conditions are taken as parameters for such calculations. The use of a big data is inevitable for the service estimating the risks when...

Visa Inc About To Acquire Earthport Plc, One of Ripple’s Partners
Innovations   |   28.12.18  |  

The deal that Visa International Service Association and Earthport are about to conclude, is estimated at £198 mln. The Earthport shares’ price surge by 346% One of the units of the American financial giant Visa Inc is on its way to acquiring Earthport Plc, a British international payment services provider for banks and businesses, Reuters reports . In 2014, Earthport started cooperation with Ripple, incorporating a cross-border payment protocol into their payment network. The deal that Visa International...

Fintech’R’Us: Сan Banks Keep Up With $41.7 Bln Industry?
Guest-posts   |   06.12.18  |  

... already used to the idea of banking online. Today not only are most of us moving money around digitally, but we do so from our mobile phones. For banks, the big challenge is keeping up with this pace of technological change. But banks' adversity is FinTech's opportunity. FinTech, as the financial technology sector is known, is rapidly disrupting the way all sorts of payments are made, from cryptocurrencies like Bitcoin to 'tapping and going' at your local newsagents. As a FinTech Adviser for the ...

Digital Caste: How Blockchain Changes The Business Landscape In India
Forecasts   |   04.12.18  |  

On a modern economic scene, India is synonymous with a single word - potential. This is one of the fastest, growing at a huge speed economies. Annually they get 5.8-6.6% of GDP growth accompanied by a steady 1.1% increase of population. On a modern economic scene, India is synonymous with a single word - potential. This is one of the fastest, growing at a huge speed economies. Annually they get 5.8-6.6% of GDP growth accompanied by a steady 1.1% increase of population, without any ups and downs...

73% of Investment Deals In Israeli FinTech Are Made By Foreign Investors
Blockchain   |   31.10.18  |  

Foreign investors are interested in Israeli startups: less rounds, but more volumes. MNCs are also looking for alternative ways to penetrate the market in order to cut the costs. Israeli FinTech startups get more attention on a global scale — investors from other countries participate in 73% of investment deals in 2018, raising from 66% in 2017, as it was reported by Start-Up Nation Central (SNC). The increasing interest may be the ...

I'm African, Show Us Your Smart Contract! TOON #7
Africa   |   19.10.18  |  

... be closed as well: a lot of people move to the continent for perspectives. In the world full of seeming recession and upcoming crysis, there should be some new ‘Klondike’ with lucrative opportunities. Africa becomes one of that places, with its FinTech and DLT industry quickly expanding, providing a great field for growth. The continent has resources and is in a need for education, jobs, housing and more. All of these are to be created pretty soon. The stereotypes of Africa as an uncivilized,...

Sierra Leone: The Reasons Behind UN's Experiments With FInTech
Data-security   |   10.10.18  |  

70% of the population live below the poverty line. The value of one leone - $0,00012. Why is the sand of a poor country turned out to be fertile ground for the introduction of FinTech? The Republic of Sierra Leone, despite its good mineral and natural resources and a developed diamond-mining industry is one of the poorest countries in the world. 70% of the population live below the poverty line. The value of one leone today ...

Germany: Experts Call For Increasing ICO Regulation Pressure
Germany   |   05.10.18  |  

In Germany, the cryptocurrency is supported by a legislative framework. How did it happen that investors in German ICOs suffered record losses at the end of September? Germany plays a leading role in the economy of the European Union. After the unification of Germany, Gerhard Schroeder's reforms contributed to economic growth and significantly reduced the unemployment rate. In 2018, the nominal GDP of Germany ranked third in the world - $4,211 trillion. The main sectors of German GDP are logistics...

Rethink Your HR Policy: How to Get The Best Out of Tech-Savvy People
Blockchain   |   04.10.18  |  

... efficiency savings. However, history shows job losses are usually short term as the workforce adapts and retrains with the introduction of innovation and new technology.” The views on a quick adaptation in this context is supported by Mitchell CHAN , Fintech Analyst at DBS Bank from Singapore: “for sure, with disruptions, people tend to think that jobs will be lost. This is true, but for every job that is rendered obsolete, another job is created with the rise of this industry. Think ‘Content ...

France: How Loi Pacte Can Be Revised
France   |   28.09.18  |  

... Calling Bitcoin the “Tulip mania of 21st century” was not something the French crypto enthusiasts were waiting for. So it seems that France got stuck between the quite conservative political correctness and the urge to catch the fast-moving train of FinTech. Indeed, their recent moves can be called positive, but that is not enough to compete with other jurisdictions, which are more definite in their decisions and more attractive for business. Richard SHIBI , the ICO consultant, blockchain enthusiast ...


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