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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JPMorgan has been a victim of patent trolling. According to the figures from Cornell Law Review, the bank had been subject to more than 100 patent-related lawsuits since 2008. JP Morgan Chase can actually accuse developers using this technology of infringing its new patent. The developers can defend....

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The Basel Committee on Banking Supervision today released a consultative document on the implications of fintech for the financial sector. The document assesses how technology-driven innovation in financial services, or "fintech" is set to fundamentally change the banking industry and the activities....

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Singapore’s Payment Council has set up a task force to develop a common QR code for Singapore (SGQR) that could be used for e-payments island wide. This would offer a cheaper and less infrastructure-heavy alternative to debit and credit card schemes. ....

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Fitbit is finally getting into ‘true’ smartwatch business with Ionic. Not only will it support third party apps, but also will have a new Fitbit Pay platform, based on its acquisition of wearable assets of Coin. The company has struck deals Visa, Mastercard and American Express to bring NFC pay....

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Apple announced in early August about expansion of Apple Pay more aggressively. ....

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We know Apple is working on iOS 11 for the iPhone and iPad. And also that this new version of the company’s mobile operating system is going to add peer-to-peer payments. Named Apple Pay Cash, this platform is the company’s upcoming peer-to-peer payment system that will allow iOS users to send....

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iDice is the world’s first mobile blockchain gambling app powered by Ethereum. This is touted as the next biggest innovation in the gambling industry since the first blockchain Dice game, Satoshidice. SatoshiDICE gambling made up almost all bitcoin transactions ever made in before 2013. SatoshiD....

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Paytm is planning to launch chat messenger within its app. The $8 billion-valued company has over 230 million users (active userbase of 54 million). Using the chat service, India’s top digital wallet aims at expanding its services into person-to-person communication, games and other mobile conte....

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