Intel to Launch Fintech Innovation Lab in Tel Aviv, Emerging Blockchain Tech Hotspot

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,....

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....

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....

The vibrant Israeli fintech industry generates innovation using Blockchain technology which leaves the regulator no choice but eventually to join in. Special Counsel Roy Keidar examines the development and the current state of Blockchain in Israel. The military factor. Despite its small size, Israel, long recognized as a hotspot for disruptive innovation, is becoming a leading force in Blockchain technologies. The flourishing Israeli tech ecosystem, boasting the highest concentration of tech companies outside of Silicon Valley, provides fertile ground for pushing DLT forward. One of the....

A new report from global professional services firm Deloitte focuses on Israel's development into a blockchain hub, outlining the work of a number of startups working on distributed ledger solutions across a variety of industries. "The country’s unique experience with FinTech, cyber and cryptography, has positioned Israel as a hotspot for blockchain innovation," Deloitte says. The report provides an overview of blockchain technology and its use cases and introduces 38 young firms that it believes are "leading the blockchain revolution" in the Middle Eastern nation. Each....