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Bank of America’s Tech Chief Says There’s Nothing New About the Apple Card

 Bank of America’s technology and operations chief Cathy Bessant isn’t losing sleep over Apple’s new credit card. Bessant, who has led the bank’s tech division since 2010, was asked by CNBC’s Deirdre Bosa what her reaction was to Apple’s Monday announcement. Keep in mind that Bank of America, the second biggest U.S.

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Personal Loans Surge to a Record $138 Billion in US as Fintechs Lead New Lending Charge

The consumer loans fell into three main categories: Debt consolidation, home improvement financing, and retail thanks to a surge in e-commerce and online shopping, Laky said. An unsecured personal loan does not require the borrower to put up any collateral.

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European Banks Falling Behind US on Tech Innovation, Finastra CEO Says

Stephan Drescher | E+ | Getty Images European banks are lagging behind the U.S. when it comes to embracing technology, according the CEO of leading fintech (financial technology) firm Finastra. The firm works with 45 of the world’s top 50 banks and has revenues in excess of 2 billion.

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More Americans No Longer Carry Any Cash at All

Not surprisingly, millennials are paving the way among people ditching bills and coins in favor of credit, debit and digital payments, through apps like Apple Pay, Venmo and Zelle. In fact, more than 1 in 10 millennials use their digital wallet for every purchase, according to a separate report by Experian – especially on food, […]

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Apple and Tesla Shares on the Blockchain Could Be the Next Big Thing in Crypto

The Apple logo is displayed at the Nasdaq MarketSite just before the opening bell in New York on Thursday, Aug. 25, 2011. Cryptocurrencies had a wild 2018, tumbling well below some of the record highs seen toward the end of 2017. Bitcoin, once worth almost $20,000, plunged last year, closing out 2018 at a price […]

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Visa Announces Fintech Partnership to Help Companies Eliminate $33 Trillion in Paper Checks

patpitchaya | Getty Images Visa is partnering with Ingo Money to launch a product for merchants and banks to quickly get onto the payment network’s systems allowing fast digital payments to customers.

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Alibaba to Open First E-commerce Trade Hub in Europe

Alibaba struck a partnership with the Belgian government on Wednesday to create a trade hub that aims to help companies in the country to sell products abroad.

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Bitcoin and Digital Assets Are Here to Stay, Says NYSE Chairman, Despite Bear Market

Bitcoin got the backing of a critical figurehead on Wall Street this week. Jeff Sprecher, chairman of the New York Stock Exchange and CEO of its parent company, Intercontinental Exchange, said that despite headlines of cryptocurrencies flopping, digital assets have a future in regulated markets.

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China’s Fintech Revolution Is Potentially ‘A Very Big Risk,’ Says Finance President

The sheer number of fintech companies setting up in China has the potential to become a very big risk, according to the president of Chinese financial investment platform, Phoenix Finance.

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Mining Software Isn’t Just for Cryptocurrency – It Could Also Be Used to Steal Corporate Secrets

Even though cryptocurrency prices have fallen, cybercriminals could still take advantage of mining software, and not for the reasons you think. Instead of creating alternative currencies, cryptomining software could be used for a more sinister attack that could steal corporate secrets, according to Troy Kent, a threat researcher at Awake Security.

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NGO Says Regulators Can’t Stop High-tech Fraudsters by Themselves

At some point in time, it (became) generally regarded that regulators are behind the financial innovation developments, Teng said. They have been since catching up with this problem.

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Despite Cryptocurrency Crash, Amazon Sees Opportunity to Embrace Blockchain

Even as cryptocurrencies are getting crushed, Amazon sees plenty of opportunity with blockchain technology.

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