Author: Fintech Crypto News

DO YOU SPEAK FINTECH? THE 25 DEFINITIONS TO BE FOCUSED ON

Fintech is democratizing at a brisk pace. It has invaded the financial press and will soon be on the program for CFA candidates. But when we talk about FinTech, the terms used are sometimes confusing. To help you better understand the world of FinTech, the industry where finance and technology intertwine, here is a small lexicon (not exhaustive) terms regularly used in this environment: 1. API ( Application Programming Interface ) An API (application programming interface) is an interface that allows two software or systems to communicate with each other, which simplifies the exchange of data. “A programming interface is a clearly defined frontage through which software provides services...

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Zug, the Swiss village that became capital of the Crypto Valley

No specialist of the blockchain knows the existence of Zug, a Swiss city of 30,000 inhabitants, tells the newspaper Le Temps. The town recorded more and more ICO, to the point that a law firm specializing in these cryptocurrency fundraisers was born. Zug is a town located in German Switzerland bordering a lake. This quiet town of 30,000 people has recently become anonymous and has been dubbed the capital of the Crypto Valley. The newspaper Le Temps tells how the city knew how to ride blockchain and the recent craze for ICOs.   CRADLE OF THE ETHER According to the Swiss daily, dozens of startups working on virtual...

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Mobile Banking: Finding Balance Between Security & Customer

Perfectly fluid mobile banking The challenge for both merchants and banks is to strike the right balance between the advanced authentication procedures that are essential to customer security and the convenience of using them. Today, many merchant sites use a 3D Secure payment process. Online consumers create and assign a password to their credit card, which will be verified at each transaction on the site. While this password protection helps increase the security of online transactions, merchants are paying for this extra step in the payment process. Indeed, studies reveal that e-merchants using 3D Secure technology report a shortfall of 30%. The problem is...

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SoftBank invests $250 million in a US Fintech

The Japanese group SoftBank has just invested 250 million dollars in the American start-up Kabbage. It allows small businesses to earn credit in minutes with an automated online platform.   Facilitate the financing of small businesses. This is what the American Fintech Kabbage proposes. Based in Atlanta, the start-up has raised $ 250 million from the Japanese giant SoftBank through Vision Fund, its new fund dedicated to disruptive technologies. A VALUATION HIGHER THAN 1 BILLION DOLLARS According to CB Insight’s accounts, it would be the largest venture capital investment in a Fintech loan outside of China. This round brings the total amount of funds raised by...

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Burger King adopts blockchain for its loyalty program in Russia

Buyers of Whopper in Russia will receive “WhopperCoin”, a virtual currency created especially by the Burger King fast-food chain to reward its most loyal customers.   Burger King boosts its loyalty program in Russia with the blockchain. The fast-food chain will create a virtual currency to reward its most loyal customers, the “Whoppercoin”. Each ruble spent on the purchase of the brand’s products will result in the distribution of a “Whoppercoin”; each transaction will be registered in the blockchain and will allow a traceability without fault.  The currency can be used to buy brand products: a Whopper, the iconic...

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