Intel to Collaborate with The Floor to Nurture Fintech Ideas
Israel may soon become one of the important fintech hubs in the world, thanks to the collaboration between the Floor and Intel. Intel Corporation (NASDAQ: INTC), the semiconductor giant has joined hands with The Floor, a fintech hub located at the Tel Aviv Stock Exchange to start its own fintech innovation hub in Israel. According to an announcement made by the company on Sunday, the fintech innovation hub will be Intel’s foray into the fintech solutions sector, following the increasing demand for bitcoin and blockchain based solutions by banking and financial organizations. Tel Aviv,....
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Intel has announced the creation of a new fintech innovation lab in Tel Aviv, The Jerusalem Post reports. The lab will be operated in association with The Floor, a fintech hub based at the Tel Aviv Stock Exchange. The work of the new Intel fintech lab will be centered on blockchain technology, biometrics and the Internet of Things (IoT). “Through this collaboration, Intel will be able to lead, alongside The Floor, the development of this field in Israel and to widen the influence of technology on the financial field, from the user to the cloud,” said Sharon Puterman-Zafrir, Intel Israel’s....
Tech giant Intel has opened a development lab in Tel Aviv focused on financial technologies like the blockchain. The company is working with The Floor, an Israeli FinTech organization, according to The Jerusalem Post. The Floor, headquartered at the Tel Aviv Stock Exchange, raised $2m earlier this year from Chinese VC firm Pando Group. Other technologies that the lab will focus on include connected devices for the Internet of Things (IoT), cloud computing and biometric applications. "Through this collaboration, Intel will be able to lead, alongside The Floor, the development of this....
Internet of Things is the next in-thing. All electronic device manufacturing companies are eyeing the segment. Intel, Samsung, Google... you name it and they are gradually making inroads into the segment. Intel especially already has a lot riding on it. The semiconductor company is working hard to be the first on to get there. Intel's sense of urgency to dominate the Internet of Things segment was evident in its recent keynote during annual Intel Developer Forum earlier this week when they displayed proof of concept robots that can be controlled with hand gestures. Some of the other....
Google and Intel have concluded 37 and 16 deals respectively since 2010 and are the most active corporate investors in the fintech space, according to new findings from CB Insights. In 2014, US$1.4 billion was injected into the fintech (financial technology services) space, highlighting investors' growing appetite for the industry. This number is expected to double in 2015, says CB Insights, a service that tracks venture capital activities. While financial services firms such as Citi, MasterCard, or American Express, have all massively invested in the space on the likes of Mozido, Dynamics....
In a new report, Santander InnoVentures, the megabank's venture capital fund, argues that banks and fintech startups need to collaborate in order to "reboot" the global financial services industry and trigger the 'Fintech 2.0' revolution. Unlike the first generation of fintech pioneers that are limited to relatively simple propositions such as digital wallets and peer-to-peer lending, 'Fintech 2.0' will deliver fundamental changes to the infrastructure and processes at the core of the financial services industry, according to a new report from Santander InnoVenture, co-authored with Oliver....