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Search "Fintech" has a total of46related results
Techub News reports that the personal finance platform Monarch has announced the acquisition of the digital banking fintech company HMBradley. Monarch is a platform focused on personal financial management, while HMBradley was previously a fintech company providing digital banking services. The specific amount of the acquisition has not been disclosed. (Finextra Crypto Channel)
Techub News, according to Cointelegraph, the Hong Kong government is advancing the "Fintech 2030" development vision, focusing on refining the regulatory framework for stablecoins and strengthening global regulatory coordination and cooperation. This strategy aims to solidify Hong Kong's position as an international financial center and fintech hub. Previously, Hong Kong has conducted public consultations on the regulatory regime for stablecoin issuers, planning to establish a comprehensive regulatory framework to regulate the development of the digital asset market and promote innovation.
Techub News reports that Bulgaria's First Investment Bank (Fibank) has signed a strategic cooperation agreement with the cryptocurrency investment platform Bitpanda. According to the agreement, Fibank customers will have direct access to crypto asset services provided by Bitpanda through their mobile application My Fibank. (PR Newswire)
Techub News reports that AI project 51AIpower has launched a shared AI infrastructure participation plan. Its Power Plans allow users to support the power and GPU computing resources required by AI factories and receive rewards based on their contributions. (CoinPedia)
Techub News reports that Jeonbuk Bank has launched a bitcoin-backed loan service for corporate clients, becoming the first bank in Korea to allow companies to borrow cash with their bitcoin holdings. The bank, which is part of JB Financial Group, disburses the loans in Korean won. (CoinDesk)
Techub News reports that HSBC and Ant Digital Technologies have announced the completion of a technical test exploring how AI agents can use tokenized bank deposits to pay for digital services. The test combined HSBC's Tokenized Deposit Service (TDS), Ant Digital Technologies' Jovay Layer 2 blockchain testnet, and the Anvita Flow network. (CoinGape)
Techub News reports that Veryfi, a leader in AI document intelligence, recently announced the full-scale launch of its Fraud Detection and Prevention Suite. This suite is a configurable, API-first platform capable of detecting fraudulent documents, checks, receipts, and invoices in real-time within accounts payable, expense management, and identity verification workflows. (Finextra's Crypto Channel)
Techub News reported that He Yi, co-founder of Binance, stated during the Chinese AMA at the platform's smart product launch event that Binance is adopting an All in AI strategy, aiming to help ordinary users understand investment logic through AI, thereby narrowing the gap in investment knowledge and tool usage capabilities. She believes that the competition in financial AI depends not only on models and programming capabilities but also on security, data, and continuous investment, with an annual net investment of $100 million being a threshold. He Yi proposed that financial products should lower usage barriers, making trading, wealth management, and payments simpler. In the future, she hopes users can delegate tasks to AI through conversations and that everyone will have their own personal intelligent agent. She also responded to the platform's business model of generating revenue from transaction fees and not betting against users, revealing that she is pregnant again, currently maintaining her workload without reduction, and her physical and living conditions are good. (WuBlockchain)
Techub News reports that Standard Chartered Bank has announced official support for institutional custody services for the stablecoin Ripple USD issued on the XRP Ledger, provided by its DIFC branch regulated by the Dubai Financial Services Authority. Additionally, Standard Chartered Bank is collaborating with Ripple and LMAX Group to plan to make RLUSD eligible collateral and to expand its collateral mirroring model to LMAX Group. Waqar Chaudry, Global Head of Digital Assets at Standard Chartered Bank, stated that by integrating capabilities with Ripple and LMAX, the bank can help clients more confidently incorporate digital assets into their broader financial activities. Luke Dorney, Head of Digital Asset Custody at LMAX Group, mentioned that RLUSD is becoming an increasingly important component in the institutional digital asset market. Jack McDonald, Senior Vice President of Stablecoin Business at Ripple, said that combining RLUSD on the XRP Ledger, Standard Chartered's custody capabilities, and LMAX's institutional trading infrastructure creates a viable path for institutions to utilize stablecoins in the global market. (Ripple Press Release)
Techub News reports that the blockchain network Canton Network, backed by Goldman Sachs, BNP Paribas, Nasdaq, and Citadel Securities, is expanding its operations in South Korea. Shinhan Financial Group, Hanwha Group, and LG CNS have established partnerships with the network to support institutional financial services and digital assets. (CoinGape)
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