Last month, reports surfaced that Facebook was planning to launch its own cryptocurrency. The project has now made a lot of progress, as the social media networking giant has found market leaders backing its own version of cryptocurrency dubbed ‘Libra’. Libra is scheduled to be launched in 2020 is being backed
Leading mobile measurement and fraud prevention company, Adjust, announced the completion of its latest fundraising round, as it raises a whopping $227 Million. The round was led by Eurazeo Growth, Highland Europe, Morgan Stanley Alternative Investment Partners, and Sofina. This brings Adjust’s total funds raised to $250 Million. Adjust provides high-quality analytics,
The first of it's kind, full stack creative technology platform, VidMob, announced that it has closed its Series B fundraising round, raising $25 Million. The round was led by BuildGroup, and witnessed participation from existing investors including Acadia Woods, Herington LLC, Interlock Partners, Macanta Investments, LP's of Manifest, and You
PRESS RELEASE: Lumi Wallet takes another step towards becoming the premier wallet for the EOS blockchain, celebrating the recent adoption of a new cryptocurrency with a massive giveaway for its users, bestowing them with 1,000 EOS accounts worth $5,000 in partnership with Changelly and Minergate. Lumi has come a long way
Leading provider of cloud-based solutions for enterprise visitor management, Traction Guest, announced the completion of its Series A financing round, raising $13 Million. The round was led by Bessemer Venture Partners, and witnessed participation from existing investor Salesforce Ventures and other private investors. The company plans to use these funds
How many times have you thought of making a payment online and backed off because of security concerns? Well, no more. Mastercard wants to make paying for items online both easier and safer through the new Mastercard Digital Wellness program. The program is aimed at deploying new standards and implementing a
Vectra announced that it has closed a $100 Million fundraising round. The round was led by growth equity firm TCV, and witnessed participation from existing investors Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures, DAG Ventures, Wipro Ventures, Atlantic Bridge, Ireland Strategic Investment Fund, and Nissho Electronics Corporation. This
Top challenges for eCommerce Leaders include payment localization, compliance, and cybersecurity PRESS RELEASE: MOUNTAIN VIEW, CALIFORNIA – Rapyd, a global FinTech-as-a-Service provider, today announced the results of its inaugural 2019 State of Cross-Border eCommerce: U.S. Merchant Outlook, which found that most U.S. business units (91%) prioritize cross-border sales as a key
Unilever Ventures and TVC Capital led a $12 Million Series B fundraising round in CreatorIQ’s SocialEdge Inc. The start-up’s Enterprise Creator Cloud platform is designed to help advertisers find influencers, manage their work and measure the results. Unilever Ventures has a diverse portfolio, which includes companies such as skin-care brand True
By 2021, it’s estimated that retailers who do business online will get 54% of their business through mobile sales. This is hardly surprising since more people conduct product research on their phones than ever before. Plus, the numbers of customers who use social media, banking, or email on their phones
Nearly every significant sector has been drenched by the wave of technology, and the financial sector is no exception. Fintech, which stands for financial technologies, refers to technologies that are used and applied in the financial services sector. These technologies initially referred to those primarily used on the back end by financial institutions themselves, but in general, fintech represents all computer programs and other technology that is used to support or enable banking and financial services, whether personal or commercial.
Technology has helped forecast future financial changes to businesses and the consumers. It has also offered solutions to create a global currency, assisted in establishing efficient payment systems, and upended workflow and processes in the financial services industry. Technology affects almost every financial activity, from banking to payments to investing and wealth management. Almost everyone is using fintech, and those users can be placed in four broad categories: (1) business-to-business (B2B) for banks, and (2) their business clients; (3) business-to-consumer (B2C) for small businesses, and (4) consumers. No one knows what the future holds, but trends point towards an increase in mobile banking, financial information and data, more accurate analytics which will create an abundance of opportunities for all fintech users to interact in groundbreaking ways.
Finance Technology – News, Events, and Future Trends to Follow
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Whether you’re looking for the latest finance technology news, fintech articles, financial literacy news, retail banking news, investment news, cryptocurrency market news, opinion pieces, analysis on how financial technology impacts business, finance technology videos, events, and features – TechFunnel.com has you covered.