finextra.com Archives - 04 May 2016, Wednesday

  • Samsung Pay pushes into SouthEast Asia with Singapore launch

    Samsung Pay pushes into SouthEast Asia with Singapore launch

    finextra.com 20 Apr '16, 11am

    Singapore will join South Korea, US and China in the list of Samsung’s priority markets for roll out of the mobile payment service. The tech giant says the service will cater to a positive demand in Singapore where 71% of 400 Samsung users interviewed in February indicated interest in...

  • Monetary Authority of Singapore to run week-long 'Fintech Festival'

    finextra.com 13 Apr '16, 8am

    Running with the support of the Association of Banks in Singapore (ABS), the November festival will comprise a 'fintech hackcelerator', an awards ceremony celebrating the most creative applications emerging from the sector, and conferences and debates on risk and regtech. Innovation l...

  • R5 goes live in Singapore

    finextra.com 08 Apr '16, 8am

    R5, the emerging marketplace for local market FX trading, announces that live trading has commenced in Singapore, following its authorisation from the Monetary Authority of Singapore (MAS). R5 went live with its London clients during the last quarter of 2015, for eNDF trading. It’s AS...

  • Singapore ponders Paym-style payments platform

    finextra.com 05 Apr '16, 11pm

    The all-in-one addressing system - which would mean senders would not need a recipient's bank account details - is being explored by banks and the Monetary Authority of Singapore (MAS), the organisation's managing director, Ravi Menon, revealed during a panel discussion. Menon says th...

  • Singapore sets up fintech office for startups

    Singapore sets up fintech office for startups

    finextra.com 01 Apr '16, 9am

    The office, described as a one-stop service for fintech startups, is part of the SG-Innovate initiative announced in the March budget speech by finance minister Heng Swee Keat as Singapore steps up its plan to promote itself as the leading fintech hub in Asia. Banks such as HSBC, UBS ...

  • Standard Chartered opens Singapore innovation lab

    Standard Chartered opens Singapore innovation lab

    finextra.com 23 Mar '16, 9am

    The 'eXellerator' builds upon Standard Chartered’s established technology outpost in Silicon Valley, SC Studios, and is the bank's first dedicated space for innovation in Asia, located at the heart of its main office building at Marina Bay Financial Centre. Anju Patwardhan, Standard C...

  • Will bitcoin provide banks with their 'Kodak Moment'?

    Will bitcoin provide banks with their 'Kodak Moment'?

    finextra.com 16 Mar '16, 12am

    It has been hailed as the internet of money, criticised for fuelling an illicit trade in drugs and weapons, allegedly aided terrorism, been touted as a libertarian dream and as a way of flouting capital controls (although actual use cases in China, Greece and Cyprus are hardly conclus...

  • PR: OpenCart Online shops add bitcoin payment option

    finextra.com 16 Oct '15, 8am

    OpenCart Online shops add bitcoin payment option 1 hour ago | 1399 views | 0 Source: Bitcoinpay BitcoinPay.com, the European Bitcoin Payment Processor, is proud to announce that online stores utilising the OpenCart Online Shopping Solution can now easily integrate bitcoin and money pa...

  • PR: Ingenico to bring bitcoin payments to the POS

    finextra.com 07 Oct '15, 11am

    The project is an industry first, allowing a POS terminal device to receive a digital currency payment. While bitcoin is most often used for ecommerce payments, the current Ingenico and BitPay project will make it possible to introduce bitcoin payments to retail merchants on a global ...

  • daily

    blog: Where are bitcoin transaction volumes heading?

    finextra.com 07 Sep '15, 6am

    For the year-to-date at the end of August 2015, the total number of bitcoin transactions has increased by 70% over the same eight-month period in 2014. For the month of August 2015, the average daily volume of Bitcoin transactions was 115 thousand transactions per day, a 69% increase ...

  • Barclays to tap Bitcoin for charity donations #fintech

    news: Barclays to tap Bitcoin for charity donations

    finextra.com 31 Aug '15, 2pm

    Barclays to tap Bitcoin for charity donations 2 hours ago | 1234 views | 0 Barclays is preparing a Bitcoin pilot that will enable people to make donations to charities in the cryptocurrency, according to the Sunday Times. The bank is working with an unnamed Bitcoin exchange on the exp...

  • news: Australian Senate says bitcoin should be treated as a regular currency

    finextra.com 04 Aug '15, 2pm

    Australian Senate says bitcoin should be treated as a regular currency 21 hours ago | 2479 views | 0 The Australian Senate says that digital currency transactions should be treated in the same way as fiat for the purposes of taxation, overturning a previous judgement from the country'...

  • news: BNP Paribas explores the blockchain; SocGen advertises bitcoin-related job

    finextra.com 24 Jul '15, 1pm

    France's biggest bank, BNP Paribas, is investigating the distributed ledger and "how it can be applied to post trade processes to make things faster and potentially cheaper," a spokesperson has confirmed, but stresses "it's all very much projects and it's all in testing. It's nothing ...

  • Bitcoin incubator opens in Chicago

    news: Bitcoin incubator opens in Chicago

    finextra.com 13 Jul '15, 11pm

    Based at 1871, the city's hub for digital startups, the Chicago Bitcoin Center promises to "foster a new wave of technological innovation on the blockchain". A similar operation launched in New York last year. Firms joining the centre will get office space, access to mentorship from b...

  • news: Singapore pledges S$225m to fintech

    finextra.com 01 Jul '15, 1am

    Monetary Authority of Singapore (MAS) managing director Ravi Menon revealed the investment (around US$167 million) in the Financial Sector Technology & Innovation (FSTI) scheme during a speech . The money will be used to help convince banks to set up their R&D and innovation labs on t...

  • news: Greeks flock to Bitcoin

    finextra.com 30 Jun '15, 6pm

    Ahead of a referendum on creditor proposals for Greek reforms in return for vital bailout funds, this week the country's banks are shut and a EUR60 daily withdrawal limit has been imposed. The move appears to have prompted many to turn to cryptocurrencies. Bitstamp says that trades fr...

  • PR: Singapore's largest online marketplace to accept DBS mobile wallet

    finextra.com 10 Jun '15, 10am

    From mid-June onwards, customers shopping on Qoo10.sg will be able to pay for their purchases using DBS PayLah!, the fastest-growing personal mobile wallet in Singapore. The move by Qoo10.sg to tap on DBS PayLah! reflects how readily Singaporeans have embraced mobile technology and ho...

  • PR: Singapore-based fintech startup Mesitis raises $3m

    finextra.com 05 Jun '15, 2pm

    Singapore-based fintech startup Mesitis raises $3m 18 hours ago | 1138 views | 0 Source: Mesitis Mesitis, a financial technology company focused on the wealth industry, today announced that it has closed US$ 3 million (SG$ 4.05 million) in Series A funding to accelerate the roll-out o...

  • Bitcoin startup Xapo adds Wall Street heavyweights to advisory board

    news: Bitcoin startup Xapo adds Wall Street heavyweights to advisory board

    finextra.com 26 May '15, 6pm

    Bitcoin wallet and cold-storage vault outfit Xapo was set up by Lemon founder Wences Casares, and has so far raised $40 million in funding from the likes of Benchmark, Greylock Partners and Index Ventures. The appointment of three members of the Wall Street establishment comes as bank...

  • Online scammers target lonely hearts and bitcoin fans #fintech

    news: Online scammers target lonely hearts and bitcoin fans

    finextra.com 21 May '15, 6pm

    Online scammers target lonely hearts and bitcoin fans 22 hours ago | 2087 views | 0 Cybercrooks are increasingly targeting lonely hearts and cryptocurrency enthusiasts, scamming them out of their savings, according to the FBI. In its annual report , the bureau's Internet Crime Complai...

  • Nasdaq makes trading platform sale to bitcoin startup

    news: Nasdaq makes trading platform sale to bitcoin startup

    finextra.com 24 Mar '15, 11am

    Nasdaq's X-stream trading technology system, which is currently used by more than 30 exchange-trading venues globally, will be implemented by New York-based Noble Markets to power its up-and-coming digital currency marketplace. Noble Markets founder and CEO John Betts previously heade...

  • Bitcoin's Black Friday 'bonanza'

    finextra.com 05 Dec '14, 12pm

    According to figures amassed by Bitnet, Black Friday proved the more popular day for the crypto-currency crowd, with total spend rising to $152 million, compared to $144 million on Cyber Monday. While the numbers are impressive for an emerging unit of account, they are dwarfed by the ...

  • Finextra: Bitpay and Bitstraat bid to turn Amsterdam into the world's Bitcoin capital

    finextra.com 03 Dec '14, 7pm

    Bitstraat provides a tablet-based POS terminal for accepting Bitcoin payments. Processing is carried out by Bitpay with transactions directly converted into euros and retailers never in possession of the cryptocurrency. Merchants can either pay EUR10 a month or EUR120 upfront for the ...

  • Finextra: BNP Paribas: The five ways Bitcoin can shake up the financial services world

    finextra.com 12 Nov '14, 10am

    In an article for the bank's inhouse magazine, Johann Palychata a research analyst at BNP Paribas Securities Services provides five examples of the way in which bitcoin and the blockchain backbone could turn the financial services sector on its head. In its first incarnation as a mean...

  • Finextra: Dutch entrepreneur injects bitcoin wallet under his skin

    finextra.com 11 Nov '14, 9am

    Dutch entrepreneur injects bitcoin wallet under his skin 2 hours ago | 1590 views | 1 A dutch crypto-currency fanatic has implanted two NFC tags under the skin in his hands to store his digital cash. Martijn Wismeijer, who runs a company called MrBitco.in in his native Amsterdam, had ...

  • Finextra: NCR to offer bitcoin payments via iPOD POS; activates cash function at video ATM

    finextra.com 10 Nov '14, 2pm

    Bitcoin support, which will be integrated with NCR Silver by the end of 2014, will be free to merchants. Merchants must first register with a bitcoin processor in order to activate the currency as a payment option. Consumers pay using a mobile bitcoin wallet app available in the Apple...

  • Finextra: Bangladesh threatens jail time for bitcoin users

    finextra.com 16 Sep '14, 10am

    In a statement, the bank warns that the cryptocurrency is "not a legal tender of any country" and that using it is a "punishable offence" under recently introduced anti-money laundering laws. "Transactions through bitcoin or any other cryptocurrency like it is not recognised by the Ba...

  • Santander commissions study on bitcoin's impact on banks #fintech

    Finextra: Santander commissions study on bitcoin's impact on banks

    finextra.com 26 Aug '14, 10am

    Santander has given a $5000 budget to Yegii - a self-described "insight network" set up by Trond Undheim, a senior lecturer at MIT Sloan School of Management - to write the report. In turn, Yegii is asking people to put themselves forward as members of its "dream team" comprised of a ...

  • Finextra: French to boost bitcoin transparency; Finns to broadcast bitcoin data through TV network

    finextra.com 14 Jul '14, 9am

    The new regulation, set out by the country's finance ministry in response to a report by its Tracfin money laundering unit, will come into effect at the end of the year. The ministry has also changed its tax rules, following in the footsteps of the UK and US by making profits on bitco...

  • Finextra: European banks told to avoid bitcoin

    finextra.com 04 Jul '14, 12pm

    European banks told to avoid bitcoin 2 hours ago | 1286 views | 0 Europe's financial institutions should steer clear of virtual currencies such as bitcoin until a regulatory regime is in place, the European Banking Authority (EBA) has warned. In an opinion document for the EU Council,...