Filtered by tag: Banking

CHINA GOBBLES UP EUROPE

Published on: 7 June 2018

EU shareholders are selling out - to China

Dateline: 23 April 2023

If you want to exit from a large, EU-based, multinational concern, just sell it to the Chinese. They're buying. Everything. In the last five years, Chinese acquisitions and investments in Europe have tripled, compared to the previous decade. China's 'economic imperialism' in Africa and Latin America is widely recognized and well documented, but its forays into Europe have been more stealthy. Published details of deals to acquire or invest in power and logistics, property and football clubs, are ...

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DISRUPTION DÉJÀ VU

Published on: 24 May 2018

We've seen it all before, but this time it's different

Dateline: 6 June 2020

It's just like 20, or maybe 200 years ago, but it's completely different! Disruption has always plagued established markets and societies, throughout the ages. The first waterwheel or windmill for grinding wheat into flour was disruptive technology at work; nascent and naïve, but a foretaste of things to come, in a tumultuous tsunami of ever accelerating change. Steam power and traction engines, threshing machines and cotton gins; it seemed as though there was no end to our ability to employ ...

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ALICENT IS THE NEW DIGITAL CURRENCY

Published on: 3 May 2018

Bitcoin faces irrelevance as network based digital cash takes over

Dateline: 1 May 2026

When Bitcoin reached its all-time high, it operated on a network with only a few million subscribers, and faced a multitude of copycat coins and tokens that had the potential to supersede it. What it really needed was global critical mass. The opportunity was there for a truly massive network to launch its own blockchain currency, or take on the open source system already in the wild. At the same time, cryptocurrencies needed a technology fix; something to make them more user friendly, trusted and ...

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Bitcoin getting the boot from Google
Posted: 14 March 2018

Online advertising is being self-regulated, probably to avoid it being regulated by government. Google sees to be taking the step to prevent risky (ad)ventures like spread betting, and is including cryptocurrencies and forex trading in that group.

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Google is banning all bitcoin, ICO, and cryptocurrency ads from June
14 March 2018
Google plans to ban all cryptocurrencies and binary options adverts, and is cracking down on ads for other speculative financial instruments.
MindBullet logo THE BITCOIN BUBBLE BURSTS
Controversial digital currency collapses as clones saturate the market
Dateline: 15 March 2015
In essence, Bitcoins are digital artifacts created by using computers to solve complex mathematical formulae, essentially cracking a code. The reward one ...
Has the bubble burst?
Posted: 6 February 2018

In 2013 we speculated that, ultimately, bitcoin would collapse due to the large number of alternative or clone coins saturating the market. We still believe that blockchain technology is disruptive, and will change the way fintech and contracts work, but the essential problem with bitcoin is it's based on scarcity, and in the digital world there's massive abundance, of everything. Digital ...

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MindBullet logo THE BITCOIN BUBBLE BURSTS
Controversial digital currency collapses as clones saturate the market
Dateline: 15 March 2015
In essence, Bitcoins are digital artifacts created by using computers to solve complex mathematical formulae, essentially cracking a code. The reward one receives is itself an encrypted code, which can be transferred to others, hence the term 'crypto currency'. Inspired by Bitcoin, Primecoin's protocol searches for chains of prime numbers. Digital currencies like Primecoin and Bitcoin have ...
Banking buzz in a bar...really? Yes!
Posted: 29 October 2017

Monzo, startup UK bank with 500,000 users, seems to be creating a buzz in a way no other bank has ever done! Whats different you might ask? Well not much except openness, transparency and asking its community to participate in setting key business decisions! Rocket science it's not but unusual for business leaders ...absolutely!

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The bank that's apparently so cool it has become a chat up line in London's bars
29 October 2017
Monzo has attracted something of a cult following in the British capital.
MindBullet logo FAREWELL BANKS, HELLO BANKING
New players dominate financial services
Dateline: 26 August 2022
It was Microsoft founder Bill Gates who famously said in 1994 that we need banking, but we don't need banks. It's taken nearly 30 years, but he was dead ...
MasterCard embraces blockchain
Posted: 26 October 2017

Could this be the start of a new way of making payments, at least between businesses? MasterCard is possibly disrupting itself, before someone else does!

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MasterCard announces that payments can now be made on blockchain
26 October 2017
Blockchain just got a whole lot more accessible.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
India's PostBank bring high-tech to rural areas
Posted: 23 September 2017

Modern day Postmen...armed with micro ATMS, pedal (literally) hight tech solutions to rural areas across India.

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Your postman may soon become the point of contact for all your financial work. Read how
23 September 2017
India Post is targeting a dozen key bill payments, like school fees and utility bills, for those who arent familiar with operating an app on their own.
MindBullet logo EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE
Who will lead the global chaincash system?
Dateline: 13 March 2019
Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The ...
China tests a blockchain cybercurrency
Posted: 24 June 2017 1 Comment

Looks like our MindBullets scenario from August 2012 was spot on (see alongside). China is indeed set to become the first country in the world to launch a cryptocurrency based on blockchain.

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China Becomes First Country in the World to Test a National Cryptocurrency
24 June 2017
Cryptocurrencies have the potential to not only benefit China, but the rest of the world, due to their basis in blockchain.
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
Free cross-border payments with blockchain
Posted: 21 June 2017

Circle is now a payments company that doesn’t make money from payments. Using blockchain technology, Circle has launched a fee-free ethereum-powered cross-border person-to-person payments capability.

That sounds like a mouthful, and it is, but it's exactly the sort of development that we 'predicted' in our MindBullet from last year! When will banks wise up? ...

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Circle Launched Free Cross-Border Payments on Blockchain — When Will FIs Follow?
21 June 2017
Person-to-person payments have gained traction among banks and other financial institutions recently. Many of the incumbents, like Bank of America, Wells ...
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...

FAREWELL BANKS, HELLO BANKING

Published on: 15 June 2017 1 Comment

New players dominate financial services

Dateline: 26 August 2022

It was Microsoft founder Bill Gates who famously said in 1994 that we need banking, but we don't need banks. It's taken nearly 30 years, but he was dead right. Worldwide, financial services have moved out of the hands of traditional banks and into an array of mobile, FinTech and data companies. Some forward-thinking banks grasped the new world of collaboration and entered into early partnerships and have survived, albeit in a different form. Others have failed or, at best, become simply the ...

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Will financial services die as slow a death as media did?
Posted: 26 May 2017 1 Comment

With the increasing focus and investment into crypto-currencies and enabling technologies like block-chain, the future of traditional financial services looks challenging! We all remember the death of old media...and traditional financial services may be on the same path. Banks still spend vast sums maintaining systems almost as old as I am! Are banks capable of seeing and using the new tech? ...

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The Blockchain Will Do to the Financial System What the Internet Did to Media
26 May 2017
What we can learn from the evolution of another groundbreaking technology.
MindBullet logo BANKCHAIN FUELS THE VALUEWEB
The new digital network of business has a universal currency at last
Dateline: 9 March 2024
They've been around for hundreds of years, and they weren't just going to give up the ghost and disappear. Yes, I'm talking about the banks. A decade ago, ...
Can the Blockchain reinvent our world?
Posted: 20 April 2017 1 Comment

Futureworld tagged the Blockchain as a potentially massive disruptor many months ago. The evidence is building up that it will be just that, and not only in the world of financial services. Read on to discover how it is being used for everything from tracking blood diamonds to securing supply chains.

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Bitcoin’s foundations are reinventing more than money
20 April 2017
Blockchains are being used to trace blood diamonds, verify health records, and secure supply chains.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
New world of banking driven by social media and mobile
Posted: 20 April 2017

China's Alipay and Tencent are showing the world the value and scale benefits of integrating social media, mobile and e-commerce ecosystems to deliver new payment systems at very low cost but resulting in massive scale benefits.

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Social Networks, e-Commerce Platforms, and the Growth of Digital Payment Ecosystems in China: What i
20 April 2017
Social Networks, e-Commerce Platforms, and the Growth of Digital Payment Ecosystems in China: What it Means for Other Countries
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
The blockchain revolution
Posted: 4 March 2017

We;ve been telling our clients - across all industries - for more than two years now that the Blockchain is a deeply disruptive technology. Here are some of the latest developments.

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In Case You Missed it, The Blockchain Revolution's Officially Begun
4 March 2017
Two research labs in Japan and Scotland are being set up to research cryptography, smart contracts, and upgrading cryptocurrency systems.
MindBullet logo BLOCKCHAIN TRADING DISRUPTS CURRENCY EXCHANGES
Say goodbye to forex spreads and broker commission
Dateline: 27 July 2019
The new Blockchain Equitable Spread Trading system or BEST has banks and brokers in a tizzy. They've effectively been disintermediated, which is probably ...
Fast cheap international money transfers a reality...for some banks!
Posted: 2 March 2017

I received USD12k into my account today. my banker has not yet called with an exchange rate and a credit to my account and hence it will be at least 24 to 48 hours before I derive any economic gain for the arrival of MY funds! Guess who will receive the value? In the meantime, Japan's banks can settle international money transfers in a second, and no doubt at a fraction of the usual cost!

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Forty Seven Japanese Banks Move Towards Commercial Phase Using Ripple | Ripple
2 March 2017
47 banks have successfully completed a pilot implementation of Ripple in Japan using a cloud-based payments platform.
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...
And it's happening!
Posted: 17 February 2017 1 Comment

We published the attached MindBullet only yesterday - and look at the news that has just been released in India.
https://www.cryptocoinsnews.com/state-bank-india-announces-financial-blockchain-consortium-bankchain/ ...

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MindBullet logo EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE
Who will lead the global chaincash system?
Dateline: 13 March 2019
Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The contenders, perhaps surprisingly, are the new giants, China and India, and little-known South Africa. Rich countries are too rigid in their financial structures and too protective of their established reserve currency status to risk a game changing ...

EMERGING MARKETS RACE FOR DIGITAL CURRENCY FIRST PLACE

Published on: 16 February 2017 3 Comments

Who will lead the global chaincash system?

Dateline: 13 March 2019

Several emerging economies are in a desperate tech race to be the first to establish a blockchain based fiat currency with global acceptance. The contenders, perhaps surprisingly, are the new giants, China and India, and little-known South Africa. Rich countries are too rigid in their financial structures and too protective of their established reserve currency status to risk a game changing innovation like this. An upsurge in nationalism and rejection of globalisation by America, Britain and Europe ...

Complete story...
Here comes the e-yuan.
Posted: 26 January 2017

We started writing about this back in 2012 - that China would come out with the e-yuan - see the MindBullet alongside. And now it looks like its going to happen.
And meanwhile in India, the country's biggest banks are forming a consortium to develop a Blockchain interbank platform - see the link below. The financial service industry will never be the same ...

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Chinese central bank tests digital currency system
26 January 2017
The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first ...
MindBullet logo CHINA LAUNCHES THE E-YUAN
US Dollar slides as gold-backed RMB becomes the online and offline currency of choice
Dateline: 15 March 2015
China's monetary authority has done it again. After surprising everyone but a small group of futurists by partially adopting a gold standard to back their ...
Setting exponential goals - Alibaba shows incumbents how to dream and execute!
Posted: 20 January 2017

With almost 500m clients Ant Financial, the financial services arm of Alibaba, its already a huge business, bigger than most global banks. Yet is seeks to quadruple its base in next 10 years to 2 billion customers! Most of the incumbents cannot even think at that scale and their systems simply cannot ever cope with that scale...Check mate ?

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Alibaba payments arm aims for 2 billion users in 10 years
20 January 2017
Ant Financial eyes sharp expansion in coming decade
MindBullet logo "A DONKEY COULD DELIVER CHEQUES FASTER THAN BANKS CAN DEPOSIT MONEY INTO CUSTOMER ACCOUNTS"
In this high-tech age why does your money still travel at a snail’s pace?
Dateline: 12 February 2009
That May 2005 statement from Ed Mayo of the UK's National Consumer Council certainly started a revolution in banking practice and has speeded up money ...

Filtered by tag: Banking