FTB News Desk - FinTecBuzz

Frere Enterprises Comments on Lobbying Efforts Over FinTech Oversight

FTB News DeskOctober 9, 20186 min

A group of FinTech firms based in San Francisco has coalesced to lobby regulators and lawmakers about cryptocurrencies. The effort is in service of swaying lawmakers and regulators who are responding to the untamed and sometimes illicit nature of the cryptocurrency landscape. Though the lobbying group Securing America’s Internet of Value (SAIV) sees some need for improvement in the implementation of cryptocurrency markets, it is pushing for constructive — not innovation-killing — oversight. Brandon Frere, CEO of Frere...

Asset Management Investments

Ideanomics signs joint venture to create a commodity and energy digital asset exchange

FTB News DeskOctober 9, 20189 min

Ideanomics (formerly: Seven Stars Cloud Group, Inc.) (NASDAQ: SSC) (“Ideanomics” or the “Company”), a leading global fintech and asset digitization services company is please to announce it has entered into a joint venture agreement with TPJ Ltd, to create Ideanomics Resources LTD a U.K. company based in London. The 75% Ideanomics owned joint venture has been created to unlock value in the commodities and energy sectors by leveraging and utilizing the Ideanomics Platform-as-a-Service (PaaS) solutions, a suite...

Online Payments Payments

Dubai to offer digital payments on Pundi X technology

FTB News DeskOctober 8, 20189 min

Citizens and residents of Dubai will be able to make digital payments for school fees, bills and retail purchases with a stable, digital currency after a partnership between blockchain payment provider Pundi X, Ebooc Fintech & Loyalty Labs LLC (Pundi X’s exclusive partner in Middle East & priority partner in Africa) and emcredit – Dubai’s Credit Bureau. Consumers in Dubai, UAE will be able to use digital currency to make retail payments in-store, pay for government utilities, telecommunication, and school fees in government shopfronts via emcash – Dubai’s digital...

Business Tools Financial Software

Fintech Europe Selects 10 Startups for its Second Batch

FTB News DeskOctober 8, 20186 min

Fintech Europe, Plug and Play’s fintech-focused innovation platform based out of Frankfurt, Germany, announced today the 10 startups selected for its second batch. This platform, in partnership with Deutsche Bank, TechQuartier, BNP Paribas, Nets Group, Aareal Bank, DZ Bank and Danske Bank, runs a 12-week accelerator twice a year with startups chosen both locally and globally. After screening over 230 applicants, the final selection of 10 startups have been accepted into Fintech Europe, which aims to...

Data & Analytics Risk Management

Podcast Corner Talks to CEO of Nxt-ID, Inc. (NASDAQ: NXTD) About Opportunity in Personal Emergency Response System (PERS) Market and Expanding From VA Market to Big Box Retail

FTB News DeskOctober 6, 201813 min

Investorideas.com, a leader in tech and fintech investor news issues an exclusive podcast interview with Gino Pereira – President and CEO of Nxt-ID, Inc. (NASDAQ: NXTD), a provider of healthcare devices as well as payment, credential management, and authentication platform services. Listen to the Podcast Corner: https://www.investorideas.com/Audio/Podcasts/2018/100818-NXTD.mp3 Listen to the Podcast on iTunes With research indicating that the Personal Emergency Response System (PERS) market could reach $11.1 billion USD by 2025, Nxt-ID, Inc.’s (NasdaqCM: NXTD) subsidiary, LogicMark, LLC is well positioned to expand the business opportunities, according...

Brokers/Trading Platforms

MassMutual Ventures Launches USD 50 Million Fund for Investments in Southeast Asia

FTB News DeskOctober 6, 20188 min

Widening its investment reach, MassMutual Ventures (MMV) announced today the establishment of a USD 50 million fund – MassMutual Ventures Southeast Asia (MMV SEA) – which will make investments in 10 to 15 startup companies throughout the region over the next three years. MMV SEA, based in Singapore, is targeting Series A and Series B round investments in digital health, fintech, insurtech and enterprise software. MMV SEA’s funding is being provided through the general investment account of parent...

Investment Platforms Investments

SoundView Technology Group Research Note: NXT-ID, Inc. – Upcoming Spin-off to Unlock Value

FTB News DeskOctober 5, 20183 min

SoundView Technology Group (http://soundview.co) releases the following company update for NXT-ID, Inc. (NASDAQ: NXTD ). Upcoming Spin-off to Unlock Value Kris Tuttle, kris@soundview.co Highlights NXT-ID management announced their plans to separate the company into two publicly-traded entities. The Fit Pay business and related FinTech assets will be spun off in a tax-free distribution to existing shareholders. The remaining business and shares will be anchored by the LogicMark business plus some other assets and IP. The motivation behind the...

Analytics/BI Data & Analytics

China Internet Nationwide Financial Services Inc. Develops an E-Commerce Big Data System for InterPark Chifeng BizMarket

FTB News DeskOctober 5, 20188 min

China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS) (“CIFS” or the “Company”), a financial advisory service provider and financial technology company today announced that its wholly-owned subsidiary, Beijing Anytrust Science & Technology Co., Ltd (“Anytrust”) has developed an e-commerce big data system for InterPark Chifeng BizMarket (CF BizMarket), a subsidiary of InterPark Holdings Corporation. The agreement, which was signed earlier this year, is valued at approximately $1 million. Per the terms of the agreement, CIFS Anytrust has...

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