Forbes: This Startup Is Creating A Real-Time Data Map Of The Global Economy. BlackRock And PayPal Are Buying It

By Antoine Gara, Forbes How much did the federal government shutdown cost? After 35 days of deadlock, $6,354,845,148 in wages had gone unpaid to 747,573 federal employees. Every second that ticked by added $2,118 to the figure. Some staffers were furloughed; many more worked without pay. At the Department of Homeland Security, for example, some…

Tech Entrepreneurs to Debut Breakthrough Solutions at Eighth Annual FinTech Innovation Lab New York

Lab created by Accenture and Partnership Fund for NYC continues to accelerate adoption of innovative technologies in New York City, including artificial intelligence, internet of things and virtual reality   NEW YORK; June 21, 2018 – Eleven emerging technology companies will debut their innovations at the FinTech Innovation Lab New York’s Demo Day today at…

JP Morgan is unleashing artificial intelligence on a business that moves $5 trillion for corporations every day

Article written by Hugh Son | @hugh_son and published on CNBC For the past six months, J.P. Morgan Chase has quietly been shuttling clients to the bank’s technology lab on the West Side of Manhattan for a glimpse at the future of work. The executives — treasurers and finance chiefs of some of the world’s biggest companies —…

Foxconn backs Cambridge Blockchain in $7 Million Series A Round

From CoinDesk: “Identity startup Cambridge Blockchain has closed a $7 million Series A round led by HCM Capital, the investing arm of the Taiwanese manufacturing giant Foxconn Technology Group. According to Tuesday’s announcement, Foxconn is “exploring deployments” of software developed by Cambridge Blockchain to improve the management of connected devices and global supply chains. Other…

How Artificial Intelligence Can Stop Market Manipulation

From MarketVoice: “This past March, a group of venture capital firms and banking organizations led by BNP Paribas invested $30 million into Digital Reasoning, a privately held company based in Nashville that is emerging as one of the leaders in using artificial intelligence to analyze human communications. The funding round, which also included Barclays, Goldman…

Alloy wins Bank Director’s 2018 Best of FinXTech Award for Winners Announced for “Startup Innovation”

From Bank Director: “Radius, a $1.1 billion asset bank headquartered in Boston, has been on a dedicated track to become an online-only retail bank since Mike Butler took over as CEO about 10 years ago. But Butler and his executive team knew that Radius’ customer acquisition and onboarding process was inefficient. The demand was there,…

ASX Exchange Targets 2020 for DLT Settlement System

By: David Floyd, coindesk   Link to original publication on coindesk   The Australian Securities Exchange (ASX) is moving closer to replacing its CHESS clearing and settlement system with a distributed ledger-based alternative. Details about the system’s progression toward production launch were included in an 87-page consultation paper published Friday, which included a timeline for…