IBM Bets on Bitcoin Ledger

International Business Machines Inc. is becoming the biggest backer of a technology that underpins the Bitcoin digital currency. In the coming year, IBM will begin testing its own variation on the transactional software known as blockchain, aiming to simplify life for customers who lease IBM’s computer hardware, the company said.
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Driving Analytics Startup Zendrive Circles $13.5 Million Series A

Zendrive, a startup that uses smartphone sensors to measure drivers’ behavior, has raised $13.5 million in Series A funding led by Sherpa Capital, with participation from Nyca Partners, Thomvest Ventures, and earlier backers First Round Capital, BMW i Ventures, Fontinalis Partners. Tad Montross, who’s the chairman and CEO of General Re Corporation, also joined the […]
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Fintech and the Fear of Froth

For more than half a decade, a seemingly irresistible momentum has been building around the idea that finance and technology are converging at a historical inflection point, a combination of business transformation and competitive disruption that has come to be labeled fintech.
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CommonBond Picks Up $275 Million In New Lending Capacity

The online lending market continues to generate heat in the financial services sector as student lending service CommonBond rakes in another $275 million in available lending capital.
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Former Wall St titans shake-up banking with fintech investments

They made their name on Wall Street. Now, they are trying to disrupt it. Some of world’s highest-profile bankers have poured millions of dollars into the booming fintech sector during the past year as they tap into new technology providing online financial services from payments and lending to digital currencies and cross-border transfers.
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