NYDFS Fires Shots At OCC Over Fintech Regulation Charter

NYDFS Fires Shots At OCC Over Fintech Regulation Charter

The state of New York has a somewhat unusual reputation when it comes to financial regulation. The state’s regulator is not too keen on the OCC’s bank charter pan for fintech firms. Overseeing the financial technology sector is a coveted price, and a national bank charter may not be the best idea. It is unusual to see NY state go after the OCC this way, although it remains unclear how things will play out. Not too long ago, the OCC proposed their plans for a national bank charter in the fintech sector. In fact, the OCC would start accepting applications from fintech to become special -purpose national banks. These plans came to fruition after intense lobbying between fintech experts and financial institutions. This elevated status allows fintech...

Brexit Blues: Why Dublin is Turning Into a Haven for Blockchain

Brexit Blues: Why Dublin is Turning Into a Haven for Blockchain

In the wake of Brexit, the Republic of Ireland could become the go-to European hub for FinTech companies, and among them, its many specialists in blockchain technology. Following the UK’s leave vote, Dublin was found to be the second most attractive financial center in Europe by a PwC survey – and although London still topped the poll, uncertainty over the terms of Britain’s exit from Europe make the Irish challenger more appealing by the day. Besides a specialization in financial services, Ireland is already the European outpost for many of the most influential tech companies in the world today. In Dublin’s Grand Canal Dock area, now dubbed ‘Silicon Docks’, are the European headquarters of Google, Uber, Amazon, Airbnb, Facebook,...

Blockchain's R-Word (And 3 Other Trends for 2017)

Blockchain's R-Word (And 3 Other Trends for 2017)

Simon Taylor is co-founder and director at 11:FS, a FinTech advisory firm, and the former vice president of entrepreneurial partnerships at Barclays. In this CoinDesk 2016 in Review special feature, Taylor discusses what he sees as the challenges (and opportunities) ahead for enterprise applications of distributed ledger tech. 2016 has been a rollercoaster year for those of us following blockchain and distributed ledger tech. Whether it was bitcoin pushing toward $1,000, a consortium of banks open-sourcing software with R3’s Corda, or government and central banks supporting blockchain experimentations, you can’t deny the subject has been everywhere. While some have grown tired of the endless press releases and bickering about ledger designs, in the...

PwC Startup Collider Fosters European Fintech Ecosystem

PwC Startup Collider Fosters European Fintech Ecosystem

In the wake of emerging FinTech startups based out of London, Europe is now marking a solid footmark in the global finance industry. Now, PricewaterhouseCoopers (PwC), a renowned professional services firm, is going to further boost the sector with its Startup Collider accelerator program. PwC’s Startup Collider accelerator program is focused towards startups working on fintech and fintech-related blockchain solutions in Central and Eastern Europe. The three-month long program officially kicked off on Monday for 13 participating teams. During the course of acceleration, the selected teams will be working closely with PwC’s specialists to build robust, meaningful and efficient solutions. The firm is also expected to help these startups market their...

Canadian Fintech Sector Overshadows its US Counterpart in 2016

Canadian Fintech Sector Overshadows its US Counterpart in 2016

Canada is surpassing the United States in the fintech sector. The changing status quo is quite evident from the scale of investments received by Canadian fintech startups compared to their counterparts in the United States. It is reported that the Canadian fintech sector in 2016 received the highest amount of venture capital backed funds since the past two decades. The funds raised by Canadian blockchain and fintech companies is said to have increased by over 35% percent compared to last year’s numbers. A leading online publication states various sources of statistics to prove the point. While Canada gets most of the venture capital funds, the same can’t be said about the United States as the country’s blockchain and fintech sector registered a...