The U.S. Securities and Exchange Commission (SEC) has launched Strategic Hub for Innovation and Financial Technology (FinHub), a new division with the goal of making it simpler for fintech and blockchain startups to navigate the legal implications of their products.
Deutsche Börse, the operator of the Frankfurt Stock Exchange, has formed a new unit to further advance its work into the transformational potential of blockchain technology. Deutsche Börse, a marketplace organizer for the trading of shares and other securities, has been exploring potential applications of blockchain and implications of cryptocurrencies. In 2016, the Frankfurt Stock […]
The ZODIAQ project, which is creating a universal financial blockchain corporation, received a banking license of category B from the Comoros Offshore Finance Authority for offshore operations.
Russian payments service provider QIWI has purchased fintech accelerator InspiRUSSIA which mostly focuses on developing blockchain-based solutions. As reported by TASS, the amount of the deal remains undisclosed.
According to recent researches by Facebook and MasterCard, majority of young people don’t trust traditional banks, favoring new fintech services instead.
Delovaya Sreda (“Business Environment”), a subsidiary of Sberbank of Russia, has launched Cornerstone, a free service for execution of protected transactions using blockchain technology.
The Bank of Russia partnered with ten biggest national banks to create ‘Fintech’, a consortium to implement financial innovations and trial blockchain technology.
Russia’s biggest banks have run a series of test transactions using an Ethereum-based blockchain prototype developed by Cinimex.
The first accelerator to seek startups focusing on banking and financial technologies was recently launched in Russia with selection criteria for the candidate projects including application of blockchain in depositing and settlements.
National Bank of Ukraine (NBU) is interested in further development of high-tech financial market in Ukraine as it will positively influence implementation of the Cashless Economy project.
Financial conglomerate Credit Suisse has published a report on possible impact of blockchain once it’s implemented across diverse economy sectors. The report was prepared by thirty-one expert from different countries.
Development of financial technologies and fintech companies will optimize the Russian banking network, while the banks themselves will be engaged in creating infrastructure for fintech companies providing various services to their customers. This is the brief extract of the speech given at Fintech Lab 2016 on June 28 by Vadim Kalukhov, director for financial technology […]