Issue 19 · Sep 28, 2015 Weekly edition · 2 min read

FinTech News

Share in X

Exponential Finance: Who Will Be the Instagram or Uber of Finance?

Come to Singularity Hub for the latest from the frontiers of finance and technology as we bring you coverage of Singularity University and CNBC's Exponential Finance conference.

Read the full story ↗

In this issue · 8 items

This code hacks nearly every credit card machine in the country Get ready for a facepalm: 90% of credit card readers currently use the same password. Open story ↗ Australian fintech startup Tyro has just tied up with PayPal The Mike Cannon-Brookes backed fintech startup Tryo has partnered with PayPal to enable merchants to accept mobile payments in-store. Open story ↗ Where the Money Goes When Digital Currency Startups Raise Capital With venture capital investments in FinTech startups booming, at a record US$315 million raised in 2014 and more in 2015, we wondered: Where is all this funding being spent, and why are those in the digital currency business not living a more “FunTech” lifestyle? Open story ↗ Santander launches $100m fintech fund Fintech firms struggling to get funding could now look towards Santander as a possible investor. Open story ↗ Two Bitcoin Based Startups Win Citi Mobile Challenge EMEA Citibank along with IBM Cloud Computing and MasterCard Start Path is actively involved in fostering innovation in the fintech arena. Citi Mobile Challenge EMEA is one such program conducted across three different regions in the world namely, Europe, Middle East and Africa. Open story ↗ UK consumers spent over half a trillion pounds using cards in 2014 Whilst reports suggest mobile payments could dominate in the future, cards – contactless in particular – are experiencing a meteoric rise in usage in the present. Open story ↗ From Drug Money to FIFA: How Banks Facilitate Illicit Transfers Around the World As a more complete picture emerges of the sensational corruption allegedly carried out by FIFA's aristocracy, experts say it would have been difficult to move millions in bribes if it weren't for financial institutions turning a blind eye — yet again — to transactions that should have raised suspicion. Open story ↗ MasterCard and Gates Foundation bring banking to East Africa Global payment services firm MasterCard, together with the Bill and Melinda Gates Foundation, have announced a partnership to launch a new financial services innovation lab for entrepreneurs in East Africa. Open story ↗

← Previous issue FinTech News Next issue → FinTech News

Exponential Finance: Who Will Be the Instagram or Uber of Finance?

Finance intelligence, minus the noise.

Good questions. Clear answers.

Imprint