Andreessen Horowitz, the Silicon Valley venture capital firm has announced raising $515 Million for second fund investment in blockchain and cryptocurrency.
Andreessen Horowitz was founded in 2009 by Marc Andreessen and Ben Horowitz and since then has been a highly successful and prolific venture capital firm. The investments of Andreessen Horowitz include Airbnb Inc., Appito Inc., Coinbase Inc., Skype Inc., and Stripe Inc., among others.
Investment in blockchain technology is the focus of this fund. Where bitcoin left off, payment blockchains are picking it up by solving the settlement transaction times and currency volatility, as the company believes. The blockchain technology doesn’t require a bank account for payment or a fee-extracting infrastructure of banks like the existing systems. This means with this technology the two-billion plus unbanked audience worldwide can be tapped.
The statement from the firm put a specific focus on DeFi which is an abbreviation for Decentralized finance. DeFi acts as a platform for financial smart contracts, digital assets, protocols, and decentralized applications built on the technology of Ethereum blockchain.
Programmable blockchains that show high performance will make the development of a decentralized network much easier to reach and accessible. In the near future, a bunch of next-gen blockchain, programmable in nature will be seen rolling out.
Though it has taken a lot of years of R&D and experiments and failures, the disruption in the fintech field can be witnessed and such investment funds will boost up and motivate the emergence of something more advanced and innovative in the blockchain world. to know more about such latest technology in the fintech industry, follow the fintechbuzz. Fintechbuzz provides its users with regular news and information from the field of fintech worldwide.
Bookkeepers.com and The Freelance Bookkeeper today announced the merger of their business operations.
The businesses will operate under the brand Bookkeepers.com.Founded in 2008 by Bookkeeping Professional Gabrielle Fontaine, The Freelance Bookkeeper was first formed as a blog, as a result of numerous requests from fellow bookkeepers who wanted to work totally virtually.Banking NewsWith a focus on marketing, business operations and working virtually, The Freelance Bookkeeper offers courses, communities, and masterminds that have served over 9,000 women and men in the bookkeeping profession.The Freelance Bookkeeper regularly publishes articles, runs live web classes, and offers online training programs.
Gabrielle is a guest speaker on podcasts and accounting technology conferences internationally.Said Fontaine, “The mission of The Freelance Bookkeeper (TFB) has always been to inspire independent bookkeeping professionals to create their own brand of freedom with a business that leverages online technology.
Our ultimate success results when we bring our critical skills to our clients on a win-win basis, whether they’re around the block or across the country.”She continued: “That’s why I’m super excited to be joining forces with Bookkeepers.com.
Our goals are perfectly aligned and together we can do even more to support bookkeepers no matter where they are on their path to real success.”Founded in 2015 by Ben Robinson, Bookkeepers.com helps individuals to start, grow and scale their bookkeeping businesses.
With an emphasis on online training and support, Bookkeepers.com seeks to grow an army of what Ben calls the “21st Century Bookkeeper.”According to Ben, “Bookkeepers of old, who focused solely on the past, are a dying profession.
Digital has been a buzzword in the ever-evolving banking industry across the globe.
This evolution focuses on designing a seamless, versatile and collaborative experience for the end consumers.
Technological advancement anchored this transformation by upgrading retail and mobile banking to neobank startups, propelling banking into a digitalized future.The rapid advancement in technology has created many challenges for the traditional brick and mortar branches.
Though they are well equipped with financial resources and consumer relationships with a decent reach, they need to adopt digital ways for banking to stay relevant in the future.Here are some ways how digital can shape the banking landscape:Frictionless banking through utilization of B-a-a-S or API Banking: Legacy institutions are best positioned to succeed if they commit to full-fledged digital transformation by introducing extremely adaptable solutions and can utilize Open APIs to integrate new financial systems and open banking software, allowing faster expansion.
The most common of these solutions is Banking-as-a-Service (B-a-a-S), where digital banks and other third parties can connect with the bank’s system directly via APIs.Emergence of Personalized banking tools — The emerging digital banking solutions focus on providing self-learning digital banking software tools sensitive and intuitive to customer needs by utilizing a range of cutting-edge technologies to increase consumer engagement, including AI-powered chatbots, wearable assistance, personal finance Management, P2P Payments through voice bots, and QR code scanning.Data Analytics for Customized Solutions: — Financial service providers will get a deep insight into customers’ lives owing to Big Data, IoT, Blockchain and Open Banking.
They can better the lives of their customer by employing the following techniques: -The technologies such as IoT tend to track the real lives of customers rather than relying on manual submissions, the customer data will be safe and secure through blockchain technology which would be further authenticated via AI.
Advancing technology has started influencing the BFSI sector, and we witness innovative app solutions in financial services.
These solutions fall under the fintech category and contribute to improving services.
Mobile wallets, banking apps, and cryptocurrency-related apps are some of the most popular examples of fintech apps.
In this blog, we are going to understand the role and benefits of cross-platform app development for a fintech firm
