Intel to Launch a New FinTech Innovation Lab in Tel Aviv
- The new Intel fintech lab in Tel Aviv will focus on blockchain, Internet of Things (IoT) and biometrics.
Computer giant Intel Corporation (NASDAQ:INTC) has selected the city of Tel Aviv to host its newest fintech innovation lab, the firm announced on Sunday. This follows the recent trend of major global business and technology leaders investing in Israeli startups with ventures such as the Barclays Accelerator in Tel Aviv.
The new Intel fintech innovation lab will focus on applications of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, Internet of Things (IoT) and biometrics and will be created with The Floor, a fintech hub located at the Tel Aviv Stock Exchange. The Floor enjoys financial backing from the Pando Group, a Chinese venture capital fund, and its partners include Banco Santander, HSBC, RBS and Intesa Sanpaolo.
Sharon Puterman-Zafrir, Intel Israel’s manager of IoT, said that the firm will both demonstrate its own projects and look for opportunities of cooperation with the lab's other participants. She added: “Through this collaboration, Intel will be able to lead, alongside The Floor, the development of this field in Israel and to widen the influence of technology on the financial field, from the user to the Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term.”
Gil Devora, The Floor’s co-founder, commented: “Intel brings a powerful multi-disciplinary approach that could help Israel become a global capital in the field of fintech.”
If you want to have a chance to participate in the hottest fintech scene in the world, next month the Finance Magnates TLV Conference will feature an ‘Elevator Pitch Session.’ Made popular by our London Summit, in the event startups get just four minutes each to pitch their product to the audience and compete for the prestigious ‘Most Promising FinTech Product’ award.
Computer giant Intel Corporation (NASDAQ:INTC) has selected the city of Tel Aviv to host its newest fintech innovation lab, the firm announced on Sunday. This follows the recent trend of major global business and technology leaders investing in Israeli startups with ventures such as the Barclays Accelerator in Tel Aviv.
The new Intel fintech innovation lab will focus on applications of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, Internet of Things (IoT) and biometrics and will be created with The Floor, a fintech hub located at the Tel Aviv Stock Exchange. The Floor enjoys financial backing from the Pando Group, a Chinese venture capital fund, and its partners include Banco Santander, HSBC, RBS and Intesa Sanpaolo.
Sharon Puterman-Zafrir, Intel Israel’s manager of IoT, said that the firm will both demonstrate its own projects and look for opportunities of cooperation with the lab's other participants. She added: “Through this collaboration, Intel will be able to lead, alongside The Floor, the development of this field in Israel and to widen the influence of technology on the financial field, from the user to the Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term.”
Gil Devora, The Floor’s co-founder, commented: “Intel brings a powerful multi-disciplinary approach that could help Israel become a global capital in the field of fintech.”
If you want to have a chance to participate in the hottest fintech scene in the world, next month the Finance Magnates TLV Conference will feature an ‘Elevator Pitch Session.’ Made popular by our London Summit, in the event startups get just four minutes each to pitch their product to the audience and compete for the prestigious ‘Most Promising FinTech Product’ award.