The central banks of Japan and European Union have concluded that Distributed ledger technology is not mature enough to replace settlement systems. ....

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A new report from Juniper Research has forecast that the value of cryptocurrency transactions will break the $1 trillion milestone before the end of 2017. This would mean a growth 15 times larger than the previous year.....

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To facilitate increase in efficiency and reduction in risks, US stock and bond trades will now settle in two, rather than three, days. Both Canadian stocks and bonds, and Mexican equities are also shifting to T+2. The move is in line with Europe, Australia and Hong Kong. ....

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Now people dining at KFC in the eastern Chinese city of Hangzhou will pay for their meals by smiling. ....

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Credit referencing firm Equifax has reported a cyber-breach that compromised the personal information of approximately 143 million US consumers – almost half of the country. The company said a US website application’s vulnerability was exploited to gain access to certain files between the months....

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DBS Bank has launched a mortgage app, DBS Home360, that lets Hong Kong homebuyers take advantage of virtual reality. The bank in its endeavor to make banking more interactive for its customers and add value to their experience has now enabled its buyers in Hongkong to have virtual, 360 degree tours ....

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Fintech start-ups have garnered lot of interest from the banking industry. With digital technology and advanced analytics, these start-ups are providing applications for all and more banking services.....

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Fast-food chain Burger King has launched its own cryptocurrency in Russia called WhopperCoin, as a loyalty card style reward. ....

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The industry is going through noteworthy changes - move towards digital payments, hunt for cost cutting techniques, private equity groups and investors benefitting from low interest rates and cheap financing. The European market in specific is also undergoing a consolidation phase. ....

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EY launched the first global EY FinTech Adoption Index in 2015 to study and provide a global perspective on FinTech. The study suggests that FinTech has reached early mass adoption. In contrast to the assumption that FinTech firms struggle to translate innovation and great customer experience into m....

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