Currency

New technologies such as blockchain threaten a veritable revolution in financial services, breaking the big banks' grip on the payments system

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As investments into fintech start-ups quadrupled from 2013 to 2014, and continue to grow, I recently shared Top Trends in fintech surrounding the four fintech areas undergoing massive change and disruption: fundraising, payments, deposits and lending, and cryptocurrency.

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UBS has shown particular interest in fintech developments, creating an innovations lab to explore potential applications of bitcoin and the blockchain technology.

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Australian-based bitcoin mining operator Bitcoin Group has announced it will launch an IPO later this year to raise $20 million.

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The New York Stock Exchange has launched an exchange-calculated and disseminated bitcoin index.

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