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FinTech Update

Week 2 - March 2018

Could bitcoin become the next Swiss bank account?
foxbusiness.com

Could bitcoin become the next Swiss bank account?

Authorities have expressed concerns that digital currencies such as bitcoin may become the next offshore bank account – a way for the everyday person to move mass amounts of money without leaving a tr

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Daily Review: Japan’s Banks Are Taking Control Over the Payments Industry
gomedici.com

Daily Review: Japan’s Banks Are Taking Control Over the Payments Industry

Following the examples of US with Zelle, Australia with NPP, and India with UPI, Japan’s banking sector takes control over the payments segment in the country. A total of 61 banks covering more than 8

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FCA explores creation of global sandbox
finextra.com

FCA explores creation of global sandbox

The UK's Financial Conduct Authority is looking into the creation of a global regulatory sandbox, enabling fintech firms to carry out tests in different countries at the same time and helping watchdog

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UBS Launches U.S. Robo
finews.com

UBS Launches U.S. Robo

UBS is launching a robo adviser in the U.S., having worked on the project for two years. It doesn't come cheap though, compared with rival offerings. ...

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The role of the regulator in enabling blockchain adoption »  GTNews.com
gtnews.com

The role of the regulator in enabling blockchain adoption » GTNews.com

Journalist David Beach sat down with CEO of Smart Valor and ‘Bitcoin Queen’ of Switzerland, Olga Feldmeier. Olga explicitly outlines the real use cases of blockchain and digital cryptography and how s

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Saudi blockchain pilot could save banks up to $400m per year, Moody's says
thenational.ae

Saudi blockchain pilot could save banks up to $400m per year, Moody's says

Central bank inked deal with Ripple last week to use blockchain for cross-border payments

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Gearing Up For Transformation – Insurance Incumbents Up Their Investment Game
gomedici.com

Gearing Up For Transformation – Insurance Incumbents Up Their Investment Game

At MEDICI, we have been speaking about how the general trend in the evolving financial services landscape is shifting from disruption to collaboration. Strategic investments and acquisitions by incumb

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A mobile payments app from US banks is less than a year old, but rivals Venmo's volume
cnbc.com

A mobile payments app from US banks is less than a year old, but rivals Venmo's volume

Mobile payments are an increasingly important battleground for institutions as millennials abandon cash and checks for digital payments.

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