An interview with Erik Zhang, Founder of NEO

Financial IT: How long will it take to implement the NEO Smart Economy project? What do you see as being its major pillars?

Erik Zhang (EZ): There’s no concrete schedule for implementing the NEO Smart Economy, as it’s a daring and grand project. It is a continuous progress that requires unremitting efforts.

CryptoCompare, the global cryptocurrency market data provider, today announces the launch of its mobile application, in response to demand from its crypto trading community.

Today, Startupbootcamp launches its FinTech Accelerator program in Dubai to support the city in its bid to become a world leader in financial services innovation and technology.

A majority of bankers expect their financial institutions to use third-party vendors or a combination of advisors and third-party vendors to help them implement the Current Expected Credit Loss model, or CECL, according to an informal poll released by Sageworks and MST.

A new white paper outlines lessons learned in banking the unbanked and creating a path to prosperity.

We welcomed the extension of the entrepreneurs’ tax relief announced at last year’s Autumn Budget, and are pleased to see no further changes in this year’s budget, as had been rumoured. Making the relief available only to entrepreneurs who have owned their business for over two years should help promote a stronger commitment by owners to their businesses and encourage them to plan for the long term.

Nordea expands its digital payment offering by adding Google Pay, a mobile payment solution for Android phones. Nordea customers in all Nordic countries can now use Google Pay at contactless payment terminals and in apps and online stores.

Banking transactions are rapidly moving online, offering convenience to customers and allowing banks to close branches and re-focus on marketing more profitable financial products. At the same time, new payment methods, like the UK’s Faster Payment System, make transactions irrevocable within hours, not days, and so let recipients make use of funds immediately.