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LabCFTC, the U.S. Commodity Futures Trading Commission's (CFTC) financial technology experimentation branch, is holding office hours on April 1, asking local companies to ask questions, discuss issues or present their projects.The CFTC announced Tuesday that participants can register for the office hours by emailing LabCFTC@cftc.gov (email subject line should say
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Mode, a financial services firm backed by Twitter co-founder Biz Stone, has rolled out its Bitcoin (BTC) banking app on iOS devices.The British company made its app available globally, with the exception of the United States, fintech-focused media outlet Finextra reported on Feb. 4. Customers can start using the
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Payments behemoth Visa acquired financial technology firm Plaid for $5.3 billion, according to a press release published on Jan. 13.Per the release, Plaid has developed a network that allows users to easily connect their financial accounts to the apps they use to manage their financial lives.The firm’s products reportedly
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Portag3 Ventures, a Canadian venture capital (VC) firm, has closed a second fund with around $320 million to invest in fintech startup companies globally.On Dec. 3, TechCrunch reported that the VC company received final commitments from institutional and strategic investors totaling $320 million. The funds will allow the company
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The People’s Bank of China (PBoC) has an agenda to set industry standards across the financial sector, including blockchain, a senior official from the bank said on Wednesday. Speaking at a meeting of the National Technical Committee, PBoC vice president Yifei Fan said the bank aims to better regulate new
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Visa, one of the largest global payment solution providers, has come up with its own data management tool which is entirely based on blockchain. The new blockchain system, called LucidiTEE, is poised to replace the legacy fintech data management software.Visa’s Research and Development wing has published a paper based on
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Lagos-headquartered fintech Opay has sealed $120 million in a series B financing round from a host of high-profile Chinese investors.Founded in 2018 by web browser developer Opera, OPay — which focuses on developing digital payments solutions to promote financial inclusion — had previously raised $50 million in June of
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Speaking on stage at BlockShow Asia 2019 in Singapore, True Global Ventures 3d founder Dusan Stojanovic said the time to invest in crypto collectibles is “right now.”Some investors regard Bitcoin as a “safe haven” asset, and see high demand for it in a world of economic uncertainty. But Stojanovic
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M-DAQ will be working with Samsung to bring its cross-border payments and currency trading solutions across South Kore and East Asia.M-DAQ, a Singapore-based FinTech startup has added a new feather to its cap by receiving backing from Samsung Venture Investment Corporation. The Korean tech giant’s investment wing has recently joined
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