Fintech, Finance, Technology, Banking Highlights – 2 February 2018
Overstock.com and tZERO Advisors Launch Robo-Advisor Digital Investment Platform
Overstock.com announces the launch of a digitally driven investment platform, powered by tZERO Advisors, within the online retailer’s FinanceHub.
“This service introduces robo-advising investment management services to our millions of customers and continues Overstock’s commitment to bridging Wall Street and e-commerce,” said Patrick M. Byrne, Overstock’s founder and CEO.
“Overstock currently delivers world-class service and award-winning customer experiences to as many as 40 million unique visitors per month. They trust us with their home and, more recently, auto purchases,” continued Byrne. “We are excited about this new program that offers our customers the opportunity to bring artificial intelligence to their financial planning.”
tZERO Advisors is powered by FusionIQ’s B2C investment platform. FusionIQ is an innovative fintech company that provides intelligent investment solutions that enable easy online investing.
Grab and Samsung Sign MOU to Drive Digital Inclusion in Southeast Asia
Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, and Samsung Electronics, one of the world’s largest electronics companies, today announced that they have signed a multi-year MOU to drive digital inclusion in Southeast Asia.
Grab and Samsung will work together on a wide range of initiatives to bring the benefits of technology, such as enhanced customer experiences and improved income opportunities, to millions of consumers and Grab driver-partners across Southeast Asia.
Grab is the market leader in ride-hailing in Southeast Asia, an industry that is one of the fastest growing Internet services sectors and expected to be a $25 billion market by 2022 in this region. As part of the wide-ranging strategic collaboration, Grab and Samsung will develop customised solutions for the ride-hailing industry, including micro-financing schemes for Grab’s over 2.3 million driver-partners, improved customer booking and in-car experiences, and new mobility solutions. The two companies will also work together to expand into Southeast Asia’s fragmented mobile payments ecosystem and provide a mobile payments solution that will serve the needs of consumers in Southeast Asia.
SmartTrade Technologies Launches its Blockchain-Based Post-Trade Solution
SmartTrade Technologies, a multi-asset electronic trading solutions pioneer, is announce its brand new blockchain-based solution.
The new and fully integrated smartTrade solution captures and sends post-trade data to a private and permissioned Distributed Ledger. This guarantees all trades are recorded and cannot be altered. For smartTrade’s clients, it’s an additional proof of transparency and allows them to be prepared for any audits or future regulatory requirements. smartTrade’s hosted clients will be able to subscribe to this new global service and access it quickly and easily through an open API.
“We started exploring blockchain technology as a result of client feedback and because we believe that blockchain is a major technology milestone which can be leveraged to solve many transparency issues the financial world is facing today,” commented David VINCENT, CEO of smartTrade Technologies. “Innovation is what drives smartTrade and while our post-trade Distributed Ledger is our first blockchain-based application, we are already exploring how to expand our use of this technology,” he concluded.
