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Fintech: Latest

  • Escrow services crop up but lack of mainstream financial intermediaries might be an obstacle to bitcoin’s evolution into a mainstream currency.
  • The managing director of Techstars, a mentorship-driven start-up accelerator backed by more than 75 venture capital firms, explains how Austin, Texas, is re-establishing itself as an alternative destination for venture capital.
  • Some six million businesses were created in the US in 2012. The country is experiencing a start-up boom. What impact is the wave of entrepreneurs having, and how are the angel investor and venture capital industry adapting?
  • Could mobile banking revolutionize the Nigerian banking sector? Some analysts think so. The demand for mobile banking is there, in principle, but security concerns and high transaction costs are moderating the pace of adoption.
  • The Central Bank of Nigeria’s push to encourage debit- and credit-card adoption is poised to disrupt cash transactions, boosted by new electronic initiatives, claim bankers.
  • Long-dated bonds collapse on tapering talk; Volatility underscores need for new thinking on liquidity
  • Mobile point-of-sale technology – which facilitates contactless low-value payments – is gradually taking off in the retail space, thanks to new cost-effective platforms. Transaction bankers need to provide innovative software and sales solutions, targeted to the SME sector, in particular, analysts say.
  • Early adopters of cutting-edge mobile-payments technology should be aware of the complexity of the security challenges, experts have warned, with a lack of regulatory oversight of app developers or security standards, thanks to divergent interests of the multiple parties involved in transactions.
  • Banks remain disinterested or wary of Bitcoin but there is a growing acknowledgement that the digital currency’s popularity cannot be overlooked indefinitely, if a recent gathering of the faithful is anything to go by. From trade to settlement, Bitcoin offers plenty of opportunities – and threats – for banks.
  • Social media is still not seen as a core plank of retail and transaction banks’ marketing and client-interaction strategies, amid security and reputational fears, while many still see platforms, such as Facebook and Twitter, as frivolous. Nevertheless, a couple of institutions are bucking the trend.
  • Bitcoin faces an uphill battle to satisfy the conventional functions of money as a medium of exchange, store of value and a unit of account, participants say at a leading conference on the digital currency this week.
  • The development of FX trading venues has been idiosyncratic, but can it follow other asset classes toward an exchange-traded future?