Fintech

The global financial sector is drastically changing after the advent of cryptocurrencies in the market. A plethora of crypto ensures that everyone is spoilt for choice in investments, payments, and exchange depending on their needs. The success of digital currencies and blockchain technology is giving a wake-up call to different industries. Therefore, it is an era where the adoption of the two entities is nigh. Considering the alterations that continue to flood blockchains, their applications are endless. For this reason,…

The global fintech worth is estimated at $4.7 trillion, with over 12 thousand fintech startups open globally. Due to its innovative networks, software, and hardware, fintech has captured millions of clients globally. However, any fintech startup faces serious challenges that the already existing financial systems have already faced, thus having a competitive advantage.  How can fintech startups take advantage of blockchain technology that has been in existence for quite some time? Here are six reasons why every fintech startup should…

A financial scandal has rocked Germany’s fintech domain, as Wirecard is allegedly involved. Mark Kristopher G. Tolentino is allegedly behind this, as he is known as Trustee 2 for being the manager of the money. Nonetheless, Tolentino is clearly not responding to the allegations. A mainstream German daily said Tolentino opened 6 accounts for Wirecard with the Bank of the Philippine Islands (BPI) and BDO Unibank following his appointment as trustee late last year. It was reported that he deposited a sum of…

In recent times, venture capital research company Ana.vc published a report highlighting a 57 percent reduction in cryptocurrency funding from VCs last month. In spite of the dip in overall investment, it seems the decentralized lending sector is still prosperous as it raised 150 percent of its aggregate in March. The report noted a decline in cryptocurrency fundraising last month but did not consider Bakkt’s raise. It noted thirty disclosed deals worth an aggregate of about $50 million, down from $117 million last…