Category: Banking/FinTech

Fintech Set to Break Records in 2018: Four Growth Areas

Disruption of banking by fintech is showing no signs of slowing. Of the many innovations now appearing, online credit scoring, peer-to-peer lending, digital wallets and open banking are among those making the biggest impact. They have all emerged as key drivers of the digital transformation taking place across the financial services industry. Earlier this month, a group of top executives from the Central Bank of Egypt came to Silicon Valley to explore each sub-sector in depth, as part of an executive immersion tour hosted by SVIC. For state agencies everywhere, including central banks, now is a crucial time to get ... Read more

Four Fintech Trends Threatening to Disrupt Legacy Banking

The impact of technology on financial services continues to be one of the biggest areas of growth and discussion in Silicon Valley and beyond. Fintech, as the sector is collectively known, encompasses a wide range of practices and ideas, each of which is threatening to legacy banking in its own way. Key Fintech trends on the horizon include greater use of artificial intelligence in everyday banking, more investment in blockchain projects and growing digitalization of financial services and back office operations. We had the chance to learn more about these developments last month, when SVIC hosted a tour of Silicon ... Read more

How To Get Governments to Talk About Blockchain

Every day, blockchain technology is being tested somewhere in the world by passionate engineers and entrepreneurs trying to figure out ways it can be applied to real life situations. One can already argue that blockchain is past the tipping point. It is no longer a question of if this technology will be adopted, rather how and when. The core underlying distributed ledger infrastructure and the development protocol layers required to develop apps on it have been established. Major tech titans like Oracle, IBM, and Alibaba are already using blockchain internally and have created blockchain enterprise offerings for their customers. Today ... Read more

Fintech Outlook: Why The Market Will Stay Hot in 2018

2017 was a record-breaking year for Fintech and 2018 promises to deliver plenty more of the same according to Augstin Rubini, a London-based financial industry strategist and general authority when it comes to all things related to the next generation of banking. Speaking at a webinar jointly hosted by the Professional Risk Managers’ International Association (PRIMIA) and the Silicon Valley Innovation Centre (SVIC), Rubini shared numbers showing that in 2017 $16.6 billion was invested in Fintech, a new annual record. That cash went to the more than 5,000 Fintech businesses operating today throughout the world. Among them, according to Rubini’s ... Read more

3 Industry Trends from CES

There was a buzz in the air at the Consumer Electronics Show in Las Vegas last week. Both large companies and startups filled the convention centers to show off and demo their new products. After spending a few days walking among the endless booths and talking to some guests and exhibitors three key trends became clear. 1. Vehicles will become connected This trend is best shown by Ford, who highlighted their transformation from being a car manufacturer to a software company developing a system to coordinate autonomous vehicles in city streets. During his keynote address, Ford CEO Jim Hackett announced ... Read more

Number of Mobile Payment Users From 2009-2016 (Infographic)

Mobile Payment usage is on the rise globally, it won’t be long until credit cards are completely digitized.  

Thomson Reuters Discovers AI Use Cases

Thomson Reuters Discovers AI Use Cases Let’s face it. Modern technological advancements have already taken the practical science of artificial intelligence to unseen levels. AI is no longer limited to a robot beating a world chess master. In fact, artificial intelligence is likely to influence modern business trends at a faster pace. New age AI bots can just sift through the humongous amount of big data in a matter of seconds. These developments could potentially affect the future business models by improving the research reports and publishing capabilities. The question is, to what extent does AI tech impact upon the ... Read more

Cryptocurrency Quiz

Test your FinTech skills by taking our 8 question cryptocurrency quiz! Loading…

If Banks Don’t Partner With Startups, They WILL Be Left Behind

Once a year, the board members of the Federal Home Loan Bank get together to talk about how their member banks are performing and ways to improve these businesses. For quite some time, they have been aware of the radical changes technology companies are starting to bring to the banking industry. The fintech sector has received a lot of attention and investment over the last few years, and board members wanted to learn more about what specifically these startups are doing. They asked Silicon Valley Innovation Center to design a custom Silicon Valley immersion program to get insights on the ... Read more

Welcome to Demo of Medici

MEDICI takes this industry contribution to a new level of engagement. It provides a highly curated and contextual backdrop for startups to get on the radar of FinTech focused investors and partners. https://youtube.com/watch?v=9jZOnKpzI8kVideo can’t be loaded: MEDICI Demo SVIC (https://youtube.com/watch?v=9jZOnKpzI8k) https://youtube.com/watch?v=9jZOnKpzI8kVideo can’t be loaded: MEDICI Demo SVIC (https://youtube.com/watch?v=9jZOnKpzI8k)