Fintechs, companies using software to run business-to-business transactions, are set to be a major disruption for the financial services industry. Banks have to cooperate with the upstarts or risk losing big-time.
Apple bets on China for growth – Transparency International: 114 countries have a serious corruption problem - Fintechs disrupt banking industry
At the Wired Money 2016 fintech event in Berlin, behemoths like Deutsche Bank mixed with tiny startups. Long-established financial companies seem to be evolving a symbiotic relationship with the fintech startup scene.
Online payments start-up Stripe has set out to ease the way for foreign businesses to gain access to otherwise unavailable resources in the US. With 'Atlas,' the firm is targeting entrepreneurs from developing economies.
European leaders have agreed to step up their controls of virtual currencies such as bitcoin and other anonymous payment methods they suspect Islamic State and other terrorists use to finance attacks.
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