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…

TransUnion Partners with Nova Credit to Improve Financial Access for New Canadians

From NASDAQ Press Release TORONTO, April 25, 2018 (GLOBE NEWSWIRE) — TransUnion (NYSE:TRU) announced today a partnership with Nova Credit that will help new Canadians transfer their credit scores from other countries. The partnership will serve creditworthy newcomers to Canada who may otherwise miss out on credit opportunities due to a lack of Canadian credit history. The…

AIG looks to the Fintech Innovation Lab as it continues to sharpen risk intelligence

By Rob Bauer, AIG The biggest change to risk management in the last three to five years is the power we’ve developed to know more about risks than ever before. It also links directly to why AIG is looking forward to working with the insurtechs chosen to join this year’s Fintech Innovation Lab. At AIG…

MaxMyInterest Appoints Tom Bradley to Advisory Board

NEW YORK, March 22, 2018 – MaxMyInterest (“Max”) – an intelligent cash management and optimization platform for individual investors and financial advisors – today announced J. Thomas Bradley Jr., retired president of retail distribution at TD Ameritrade, is appointed to serve on its Advisory Board. Bradley is a distinguished executive who brings more than three…

Digital Reasoning Raises $30M led by BNP Paribas

NASHVILLE, TN, March 19, 2018 –Digital Reasoning, a leader in Artificial Intelligence (AI) that understands human intentions and behaviors, today announced that it has raised $30 million in new funding. BNP Paribas led the round and Angel Rodriguez-Issa, Global Head of Strategic Investments, Global Markets at BNP Paribas, has joined Digital Reasoning’s board of directors. Barclays…

Major Financial Industry Players Rally Around FDC3 To Provide Universal Technology Standards

OpenFin brings together leading capital markets participants to power industry application interoperability and desktop connectivity March 8, 2018 – New York and London – A newly formed group of major finance industry players announced today that they have joined an OpenFin-led initiative to bring universal connectivity and standards to all of the financial industry’s desktop…

Mind the Gap: Addressing Challenges to FinTech Adoption

After nearly a decade of growth for the fintech sector, it has taken a foothold in financial services. The ability to quickly adopt external innovation is creating competitive advantages for financial services companies. Entrepreneurial fintechs decreasingly see themselves as competitors with large financial institutions, but rather as partners in a large, highly regulated marketplace. Financial…