Fintech is now thought of by many as an industry in itself, comprised of companies offering disruptive alternatives for the delivery of financial services. Over the past 10 years, fintech has been a magnet for investment (over $20 billion in 2015), and it has changed the way that people and institutions transact and interact.
Symbiont, a distributed ledger provider, has partnered with Orebits Corp. to offer digitized shares of unrefined gold. Orebits clients can electronically trade smart certificates backed by gold reserves, according to a statement released on Wednesday.
Previously released in beta and scheduled for official release today, the offering – dubbed "IBM Blockchain" – is formally debuting in front of a group of 20,000 developers at the Interconnect conference. There, its first two major deployments will also be detailed.
ClearBank, the first new clearing bank to be authorized in the UK in over 250 years launched on February 28th. This is one of the most exciting new FinTech launches with significant implications for the financial services ecosystem, though I must warn readers and openly confess to being a geek.
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