Fintech, Finance, Technology, Banking Highlights – 1 December 2017
Coinsource installs 20 bitcoin ATMs in Georgia
Coinsource, the world’s largest bitcoin ATM network, has today announced their single largest installation to date, by deploying 20 new machines in the southern state of Georgia.
In response to regional demand, and bitcoin’s continual ascent in both value and adoption, 18 bitcoin ATMs have been installed in the city of Atlanta, and 2 machines in the nearby college town of Athens. One of few licensed and regulated bitcoin ATM operators in Georgia, Coinsource adds to a tech-progressive region already teeming with bitcoin ATMs (101 total kiosks), making it a Top 3 US market alongside Chicago and New York.
Coinsource CEO Sheffield Clark said, “This is a major opportunity not only for Coinsource but for the cities of Atlanta and Athens as well. Atlanta is one of the most mature bitcoin ATM markets in the country so it’s exciting to provide our services to people already showing accelerated adoption of the technology. Our goal is to give everyone the equal ability to access bitcoin, particularly in times of record demand, and participate in this soaring new economy. Part of making this marketplace accessible is making sure our fees are less than half that of any other operator, and customers will be given fee-free transactions for first-time use of any new machine.
Latest Mastercard Start Path Program includes blockchain, digital identity and healthcare fintechs
Mastercard today announced its largest and most diverse class to enter the Mastercard Start Path program – the company’s global effort to support later-stage fintech and tech startups.
The 11 selected companies from across five countries are working on the largest array of innovations the program has seen to date. They are developing new ways to use blockchain, protect digital identity, digitize donations and manage healthcare data, among other solutions.
Mastercard launched Start Path in early 2014 to provide operational support, commercial access and strategic investment for startups who are building innovative solutions in financial services and commerce. Since launch, the Start Path team has evaluated roughly 1,600 startups per year and engaged more than 150 of them around the globe.
“The diversity of Start Path proves how quickly the pace of innovation is happening in so many areas,” said Amy Neale, vice president, Mastercard Start Path. “Providing a range of companies with the resources and introductions they need to scale allows us to enable new ways to build the future of commerce together.”
Velocimetrics partners with CloudShark for better data visibility
Velocimetrics, the leading provider of real-time business flow tracking and performance analytics and CloudShark, the world’s first web-based packet capture management and analysis system have today announced a tie-up, which will enable traders, network operatives and financial IT specialists to have greater visibility into network packets of data.
Velocimetrics and CloudShark have collaborated to develop a modular solution in response to the market’s demand for a more precise and transparent approach to network visibility, primarily due to regulatory demands, such as from MiFID II. It will allow financial institutions to take a forensic approach to any problems that arise on the network, caused by market anomalies, unauthorised trading behaviour and security issues.
Taking advantage of the Velocimetrics high performance real-time packet and transaction capture, CloudShark allows users to inspect packet captures as a first rather than a last resort, in resolving network or security issues.
Fortumo launches messaging platform
The mobile payments company Fortumo is today launching its global Messaging Platform. The Messaging Platform enhances Fortumo’s carrier bundling and direct carrier billing solutions. Merchants can now reach consumers through messaging in more than 100 countries.
“Fortumo has substantial experience in managing messaging for bundling, payments and user retention on behalf of some of the largest digital content merchants. Giving all merchants access to messaging creates additional opportunities of growth for them. It’s a logical step in helping our customers accelerate their expansion into emerging markets,” said Andrei Dementjev, Chief Operating Officer of Fortumo.
