3 Ways Artificial Intelligence Is Changing the Finance Industry

  Financial industry worldwide is increasingly turning to Artificial Intelligence for various reasons. AI enables financial service providers to manage customers better, detect suspicious or fraudulent transactions and above all, helps the client to maintain their accounts better.     Whether AI will reign supreme to take over several functions that require human intelligence remains to be seen. However, in the current scenario, AI is the finance industry in several ways. Understandably, AI integration in financial services differs in every country.   While the US and some countries in Europe have…

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New Study Shows Millennials Confident in Success of Crypto

  75% Believe Banking and Finance Most Relevant Application of Blockchain Technology   With all the media hype surrounding the seemingly overnight rags-to-riches stories of early cryptocurrency adopters, Sustany Capital surveyed 1,000 American adults familiar with cryptocurrency to learn about sentiments and perceptions.     An overwhelming 88 percent of Millennials said they want to purchase cryptocurrency because it is a good investment, with 42 percent desiring to use it as savings. In addition, three-quarters of all Millennials believe banking and finance is the most relevant application of blockchain technology.…

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GECKO Governance Announces Strategic Partnership with TrustedIn Trading

Partnership will witness TrustedIn Trading incorporate GECKO Crypto1 regulatory solution to manage ICOs launched on the platform   Dublin, Ireland, 25 July 2018 – GECKO Governance, which recently launched its new ICO compliance solution, GECKO Crypto1, has announced a strategic partnership with TrustedIn Trading, a custom-built social media platform for the blockchain and cryptocurrency industry. The partnership will see TrustedIn Trading using GECKO Crypto1 to manage ICO projects on the platform, in turn offering GECKO Crypto1 users and investors access to the social media platform.     “At GECKO, we…

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1 Year After SEC Issues ICO Warning: Former SEC Lawyer Says Compliance Will Soon Be Baked Into Business Models

  Today is the one-year anniversary of the SEC releasing a warning to consumers on investing in ICOs and revealing its investigation into the DAO – the first investigation into a blockchain organization of its kind. Zach Fallon, a former SEC lawyer, Principal at blockchain law firm Blakemore Fallon & Co-founder of Ketsal Consulting, reflects on how far the industry has come in the past year.     “There have been at least twenty instances of formal public commentary by the SEC, its Chairman, Commissioners, and staff on digital asset-related…

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Cryptocurrencies could become mainstream payment solution within next decade finds new report

  New research from Imperial College London and eToro argues cryptocurrencies are already fulfilling one of three main criteria of money   Cryptocurrencies like Bitcoin offer a viable evolutionary ‘next step’ for money and have the potential to become a mainstream form of payment within the next decade. This is the central finding of new academic research from Imperial and eToro.   In a research report published today – Cryptocurrencies: Overcoming Barriers to Trust and Adoption – Professor William Knottenbelt from Imperial College London and Dr. Zeynep Gurguc from Imperial…

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GECKO Governance Launches Compliance Solution For ICO Market Following Approval by Isle of Man Regulator

    Former SEC Senior Compliance Examiner joins stellar advisory board     Dublin, Ireland – 12 June 2018 – GECKO Governance, the multi-award winning RegTech regulatory solution for financial compliance, has announced the launch of a new compliance solution, GECKO Crypto1, following approval by the Isle of Man Financial Services Authority. Managing ICO governance and compliance for every jurisdiction, GECKO Crypto1 will offer enhanced levels of transparency and accountability to platform-users within the blockchain industry. The platform provider also announced today that Dan Viola, former Senior Compliance Examiner at…

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RSK Brings Blockchain Regtech Leader Coinfirm and its AML/CTF Platform Into its Federation

Set to bring smart contracts and new scalability to bitcoin, RSK has partnered with Coinfirm and brought it into its federation to address AML/CTF through the team’s expertise and recognized blockchain AML/CTF Platform.     LONDON, Nov. 22, 2017 /PRNewswire/ — RSK, the company behind smart contracts for bitcoin, and leading blockchain regtech Coinfirm announced today a partnership to address anti-money laundering and counter-terrorism financing compliance for the cryptocurrency marketplace.  RSK  has brought in Coinfirm’s AML/CTF Platform along with its proprietary algorithms and big data analytics into its Federation. RSK has now added another strong…

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US$2b of capital available for FinTech start-ups through Singapore FinTech Festival 2017’s Investor Summit

SINGAPORE, Nov. 18, 2017 /PRNewswire/ — Over 1,000 attendees, comprising investors and FinTech start-ups, turned up at the Singapore FinTech Festival’s Investor Summit or “Deal Day” today, and up to US$2 billion of capital was made available for the start-ups. The Investor Summit was the finale of the four-month long matchmaking programme to provide opportunities for FinTech start-ups to access funding from local and global investors. More than 1,000 FinTech start-ups and 400 investors indicated interest to participate in the process and 525 connections were made among interested parties.     The Investor Summit,…

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Bitcoin News – Exponential Growth of Cryptocurrency Market

Bitcoin is the Trailblazer and King of Cryptocurrency also known as the “Internet of Money”.  The success of Bitcoin has led to the exponential growth of the altcoins market such as Ethereum, Ethereum Classic, Ripple, NEM, Litecoin, and Dash.  The first six months of 2017 has seen a spurt of growth from Bitcoin, Ethereum and various Altcoins that pushed the market cap over $100 billion collectively.   The various cryptocurrencies are not all the same as they have different applications.  For example:- BITCOIN – a store of value and payment…

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Bitcoin News 30 June 2017 – Ethereum Network Congestion Eased

Bitcoin Today – The Bitcoin price continues to consolidate around $2500 – enormous growth from the $1000 level of January 2017. Ethereum over the past few days has hovered around the $300 mark and looking strong. The network congestion of the past week or so could be improved as the Ethereum network’s transaction capacity has just been increased.  Stepping up the GAS!       News Headlines: Fidelity Charitable Has Raised $9 Million in Bitcoin So Far in 2017 Demand for Bitcoin Industry Surges, Blockchain & Coinbase Lead Investors Japan…

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