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Grove just raised $8 million to make traditional financial planning affordable to pretty much everyone – TechCrunch

Grove just raised $8 million to make traditional financial planning affordable to pretty much everyone – TechCrunch Financial advisors aren’t cheap to use. They aren’t always seen as trustworthy, either, with many advisors receiving — or perceived as receiving — incentives for recommending certain products over others. Grove, a two-year-old, …

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Bitcoin, DLT and Bank Ledgers: A Central Banker’s View

Bitcoin, DLT and Bank Ledgers: A Central Banker’s View Yao Qian is the director-general of the Institute of Digital Money of the People’s Bank of China. This article represents his personal academic opinions and does not represent the opinions of the institution. Bookkeeping refers to the recording of economic data …

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Russia’s Largest Banks Are Piloting Bitcoin and Crypto Portfolios

Russia’s Largest Banks Are Piloting Bitcoin and Crypto Portfolios Two of Russia’s largest banks are piloting cryptocurrency portfolios for their private clients, the Kommersant newspaper reported Friday. Under the watch of the Bank of Russia, Sberbank and Alfa Bank will offer their clients shares in a special fund that will …

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Metropolitan Bank Is Handling Millions for Crypto Clients (And It Wants More)

Metropolitan Bank Is Handling Millions for Crypto Clients (And It Wants More) To most banks in the U.S., cryptocurrency businesses are pariahs. To Metropolitan Commercial Bank, they’re “pioneers.” At least, that’s how the New York financial institution’s chief technology officer, Nick Rosenberg, describes them. “We’re certainly very interested in growing …

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Russian Treasurers Association Joins Masterchain Banking Pilot

Russian Treasurers Association Joins Masterchain Banking Pilot The Russian Association of Corporate Treasurers is joining the nation’s central bank in trialing the government-run Masterchain blockchain platform, the group announced last week. The association is testing Masterchain to facilitate communications within the national banking system, according to the Masterchain white paper. …

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Truecaller makes first acquisition to build out payment and financial services in India – TechCrunch

Truecaller makes first acquisition to build out payment and financial services in India – TechCrunch Sweden’s Truecaller started out life as a service that screens calls and messages to weed out spammers. In recent times the company has switched its focus to India, its largest market based on users, adding …

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Korean Banks Can Use Blockchain to Verify Customer IDs from July

Korean Banks Can Use Blockchain to Verify Customer IDs from July A national banking group in South Korea is to roll out a blockchain-based ID verification system for domestic commercial banks in just weeks. According to a notice revealed on Monday by the Korea Federation of Banks (KFB), the new …

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