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THE DIGITAL REMITTANCE REPORT: The new platforms disrupting a $600 billion industry

“But these companies’ comfortable hold on the industry is now being challenged by digital remittance startups” writes Business Insider Intelligence for businessinsider.com. The legacy remittance industry has been long dominated by cash, which requires physical locations where customers can hand over or pick up money.In a new report from BI Intelligence, we size the total remittance market, company-specific market share, digital’s market share, and digital’s growth at major remittance firms.We also assess how disruptive digital startups have been by comparing their fees with market leaders, and by juxtaposing their business…

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How Technology Is Disrupting Retirement Planning

“Technology has a way of disrupting much in the world, and that includes retirement investing” writes Robert Powell for thestreet.com. To be sure, the spending down or decumulation phase of retirement is more complicated than the saving for or accumulating phase of retirement.Experts from around the world gathered to discuss how technological innovation is changing the retirement marketplace and insurance markets, and how retirement plan sponsors help shape workers’ pension, saving, investment and decumulation plans.Mitchell also noted that much work is being done to make retirement planning less complicated.Among other…

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Crypto News Platforms 

How blockchain is disrupting AR

“The company is developing an AR platform whose goal is to link physical, real-life objects to the online world” writes David Ham for venturebeat.com. Scanetchain is based on NEM, a peer-to-peer cryptocurrency and Blockchain platform that uses a Blockchain consensus algorithm, referred to as Proof of Importance (PoI).Scanetchain uses cloud-based AR content streaming allowing fast data processing. Source: venturebeat.com Share This:

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Democratic Party sues Russia, Trump campaign

“WASHINGTON, April 20 (Reuters) – The Democratic Party sued Russia, President Donald Trump’s campaign and WikiLeaks on Friday, charging that they conspired to disrupt the 2016 U.S. presidential election, a court filing showed” writes Aol Staff for aol.com. The party alleges in the federal lawsuit in Manhattan that top Trump campaign officials conspired with the Russian government and its military spy agency to hurt Democratic presidential nominee Hillary Clinton and tilt the election to Trump by hacking Democratic Party computers.The lawsuit alleges that Trump’s campaign “gleefully welcomed Russia’s help” in…

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Small-scale solar power is changing lives and disrupting traditional models

“While solar power projects can be grand in scale there are some that, while smaller, are no less important” writes Anmar Frangoul for cnbc.com. In October 2015, Banister House in Hackney, east London, became home to the borough’s first community-owned solar power project.Solar power is becoming an increasingly important part of the planet’s energy mix.Repowering London, a not-for-profit based in the U.K. capital, helps facilitate community-owned renewable energy projects there. Source: cnbc.com Share This:

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Facebook Is Disrupting North Korean Hacking Operations

“Facebook says it has discovered and banned some malicious accounts controlled by North Korean hackers in an attempt to build a relationship and eventually hack victims” reports vice.com. The Lazarus Group has been accused of being behind high profile hacks like the attack on Sony Pictures in 2014, a series of hacks on the financial system SWIFT, and the recent and destructive WannaCry ransomware epidemic. “We deleted accounts operated by this group to make it harder for them to conduct their activities,” a Facebook spokesperson said in an email to…

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African fintech firms ‘complement’ the banking sector, don’t disrupt it: Exec at Egypt’s largest private bank

“Financial technology firms in Africa are “complementing” the banking sector rather than disrupting it, an executive at Egypt’s biggest private-sector bank has said” writes Ryan Browne for cnbc.com. Egypt has been making its own efforts toward increasing financial inclusion, CIB’s Al-Arab said, adding that the country’s central bank has established its own financial inclusion unit to address the issue.But Al-Arab went a step further to say that he thought fintech firms were not disruptive to the financial services.”Fintechs in Africa generally are not disrupting the existing model but, in fact,…

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Crypto News 

Blockchain and biometrics: The tech disrupting banking

“There’s voice biometrics, there’s fingerprint biometrics, there’s iris biometrics, I think there’s going to be many more invented,” Niall Cameron, global head of corporate and institutional digital at HSBC, said” writes Anmar Frangoul for cnbc.com. While blockchain technology offers new ways of carrying out transactions, other innovations could help to boost the security of financial dealings.It could be argued that blockchain technology is still in its infancy, and that its potential is a long way from being fully realized.As the banking industry changes at a rapid pace, one term is…

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Wish Finance Primes ICO, Aimed at Disrupting Lending Space

“WISH tokens executed by Ethereum could be at any time converted to equity of Wish Finance company registered in Singapore” reports financemagnates.com. To provide greater security and transparency, Wish Finance combined P2P lending and connection to the POS with the blockchain.Wish Finance has announced the launch of its blockchain-based lending platform for small and medium businesses (SMEs). Source: financemagnates.com Share This:

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Tax reform: disrupting the traditional challenges

“Congress would be wise to telegraph confidence in accomplishing tax reform with a budget that is unambiguous about getting it done” writes Mattie Duppler for washingtonexaminer.com. There is an opportunity this year to do the same with tax reform.First, Congress must adopt a budget that opens up reconciliation for tax reform.There are practical obstacles that can be disposed of if lawmakers stay focused on the goal of reforming the tax code.Opponents of tax reform regularly misstate its impact on small business by ignoring the impact improvements in the corporate business…

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