Elephant in Fintech Room: How ‘Big Four’ Crashed Bitcoin Blockchain Party
The ‘Big Four’ global accounting firms PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY) and KPMG have all been trying to figure out which way Financial Technology (FinTech) is heading. As such they have been publishing articles and reports and trying to provide the world with an analysis of where the nascent financial technology industry is heading. These accounting firms are important mainly because they service, in one capacity or another, most of the world’s companies and provide insight and shape opinion of industry leaders across myriad of sectors. It is interesting to....
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Fintech and blockchain deals made by four major banks in Australia to be scrutinized by the Australian Competition and Consumer Commission. The Australian banking and financial sector has the knack of making into the news for controversial reasons. The latest one involves rapid acquisitions of fintech startups by the four major banks in the country. In a latest report, the Australian Competition and Consumer Commission (ACCC) has announced that it will be closely monitoring the acquisition spree of the “Big Four” namely, The Commonwealth Bank of Australia (CBA), Westpac, National Australia....
Blockchain and DeFi protocols are only as strong as their weakest link With today’s ever-growing blockchain landscape, token economies are bigger and more active than ever. When it comes to DeFi (decentralized finance) in particular, there is nearly $44 billion locked in decentralized finance protocols, with users around the globe forming part of various innovative […]
A new crypto-project called Elephant (7elephant.org) plans on making the smart contracts platform Ethereum available to the masses. The intention of the project is to create an opportunity to run a business in a new way using the multifunctional platform. For close to six months the project’s developers have created a smart contract system, released its....
A petition to collectively bargain and boycott Apple on Apple Pay by three of Australia’s “big four” banks is set to be dismissed by the Australian Competition and Consumer Commission (ACCC), the country’s antitrust regulator. Fintech is all the rage and Australia’s big banks want in, by demanding access to Apple’s in-house Apple Pay platform with their own terms. The Commonwealth Bank, the National Australia Bank and Westpac are three of Australia’s ‘big four’ banks complaining that Apple is barring them from gaining access to its Apple Pay platform, after negotiations between the banks....