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Fintech on Track to Shape Future of Islamic Finance

The results of the inaugural World Islamic Fintech Awards, a new competition organised by industry platform IFN Fintech held in Manama, Bahrain last month, showed a clear trend of innovative financial technologies advancing into a number of sectors of the Shariah-compliant finance industry.

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Time to Ditch the Word ‘Blockchain’, Report Says

A new report from Forrester Research says the buzz around blockchain, a technology that creates tamper-proof records across multiple computers, is so over-hyped that some companies are dropping the word altogether.

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Visa Made a Signature Audio Chirp for Digital Payments

For years, Visa Inc. has pumped out ads bragging that its cards are accepted everywhere, from local bistros to remote vacation spots. Now there’s somewhere else Visa wants to be: embedded in your toaster.

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41% of Americans Say They Won’t Ever Invest in Cryptocurrencies

Who buys Bitcoin and its cryptocurrency ilk? A relatively small segment of the population, according to a June survey by cryptocurrency app Gem and analytics firm Harris Insights. Roughly 8 of Americans invest in cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, the poll of over 2,000 adults revealed.

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Banking Giants Including Citigroup and Barclays Sign Up for IBM Trial Blockchain Project

In what is perhaps of sign of just how many blockchain options have emerged in recent years, nine banking giants including Citigroup and Barclays are participating in an app store trial for programs based on the technology.

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American Express Seeks Blockchain Patent

American Express Co. (NYSE: AXP) began testing a blockchain version of its customer rewards program in May and is now going one step deeper into blockchain development with a patent application related to a proof of payment (PoP) system.

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SEC Appoints New Crypto Chief to Oversee Digital Assets and ICOs

The Securities & Exchange Commission has a new cryptocurrency chief. Valerie Szczepanik will serve as the associate director of the Division of Corporation Finance and the senior adviser for digital assets and innovation. In other words, she’ll be responsible on advising the agency on how U.S.

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Japan’s Biggest Bank to Switch on Blockchain Payments in 2020

Japan’s biggest bank has codeveloped a new blockchain, or distributed financial ledger, to boost the speed and lower the cost of payments. Over the past year and a half, Mitsubishi UFJ Financial Group, or MUFG for short, partnered with Akamai, a U.S.

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It’s Not Bitcoin Trading – But J.P. Morgan Is Heading Deeper Into Crypto

As Wall Street giants circle Bitcoin and the Blockchain, the largest of the bunch by asset, J.P. Morgan, is sinking its toes in a little deeper. J.P. Morgan created a new position dubbed Head of Crypto-Assets Strategy, naming Oliver Harris, previously head of the banking giant’s in-residence program for fintech startups, to the role.

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More Issues for Ulster Bank Customers as Mobile Payments Not Processed

Ulster Bank customers have complained after payments made via the bank’s mobile app failed to appear in many accounts.Ulster Bank said in a statement that it is ‘aware of the issue’ and is ‘working hard to rectify this as a matter of urgency’.The bank clarified that the issue affects mobile app transfers completed between 6.30pm […]

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