MENU

Here’s how likely your startup is to get acquired at any stage

By Jason Rowley for Techcrunch.com

Let’s say you randomly selected 1,000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only a few companies remain. (more…)

Global trends, Hotnews, SME

May 24, 2017

London-Based Robo-Advisor MortgageGym Closes £2M Seed Round

According to a company release, fintech startup MortgageGym secured £2 million in funding from its seed round. (more…)

Deals, Global trends, p2p/online lending

May 23, 2017

Payoff Partners with Alliant Credit Union

Payoff has formed a partnership with Chicago-based Alliant Credit Union to help consumers eliminate high interest rate credit card debt. Payoff is an online consumer lender that claims some pretty high profile investors including; Anthemis Group, Tencent, Mohamed El-Erian, and Joe Saunders, former Visa chief executive.   (more…)

Credit/Debit/Prepaid cards, Global trends

May 23, 2017

Paytm Launches Payments Bank To Serve The Underserved In India

By PYMNTS

Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. (more…)

Banks, eWallets, InspirAsia

May 23, 2017

Banks pour $107M into blockchain consortium R3

By Penny Crosman for American Banker

R3, the bank consortium that’s building a distributed ledger specifically for financial institutions, received its first wave of funding Tuesday morning — a cool $107 million from 40 of its backers. (more…)

Blockchain, Cryptocurrencies, Deals, Hotnews

May 23, 2017

BankThink Open banking is inevitable. Let’s rethink data security, too

By Kevin Paul Murphy for American Banker

The move to the digital marketplace is no longer aspirational but inevitable for the modern financial enterprise. It is now more accurate to describe a bank as a technology company. But the change in identity means banks must adjust the way they ensure the security of their enterprise. (more…)

Banks, Hotnews, InspirAsia, Open Source/ API

May 23, 2017

Bank/fintech collaboration can take transaction banking to new heights

Bu Finextra

With banks and emerging technology companies bringing a raft of new innovations and business models to the industry, Claudio Camozzo and Jan Kupfer, global co-heads of Global Transaction Banking at UniCredit, argue that bank-fintech collaboration alongside a customer-focused approach is essential to seize – and maximise – the opportunities at hand. (more…)

Banks, Deals, Global trends

May 23, 2017

To Understand the Future of the Financial Services Industry, We Must Look Beyond FinTech

By Elena Mesropyan for LTP

While businesses are catching up with the rise of e-commerce and the mobile-first world, physical interfaces altogether are gradually falling into obsolescence. The year 2017 gives strong reasons to believe that working on the enhancement of the experience with any physical interface could be a wasteful attempt to better feed a horse instead of investing in a car (if we were to use Ford’s terms). (more…)

Global trends, Hotnews

May 23, 2017

TransferWise launches multi-currency business bank accounts

TransferWise is moving further into traditional banking territory, setting up a ‘borderless’ bank account for businesses that need a multi-currency account for trading in overseas markets. (more…)

Global trends, Remittances

May 23, 2017

Poor business ethics, lack of innovation are key reasons for failure of startups in India: IBM study

By Sainul Abudheen K for e27

Majority VCs surveyed believe that many Indian startups lack pioneering innovation and are prone to emulate already successful global ideas (more…)

Global trends, InspirAsia

May 22, 2017

Russia’s Sberbank accepts JCB payment cards

By JCB International

JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the signing of a license agreement with Sberbank of Russia, the largest bank in Russia, the Commonwealth of Independent States (CIS) and Central and Eastern Europe. (more…)

Credit/Debit/Prepaid cards, Fintech news, Payment processors/providers/gateways

May 22, 2017

Riskopy acquired by Coupa for data aggregation capability

By Coupa

Coupa Software, a leader in cloud-based spend management, today announced that it has acquired substantially all of the assets of Riskopy, Inc. (more…)

AI / Machine Learning / Big Data, Deals, Global trends

May 22, 2017

Spending tops $20 trillion on global card networks in 2016 – Infographic

By Alex Rolfe for Payments Cards And Mobile blog

Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to $20.606 trillion in 2016, according to The Nilson Report. (more…)

Credit/Debit/Prepaid cards, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

May 22, 2017

Euro Banking Association paper analyses cryptotechnologies in international payments

The Euro Banking Association has issued a new information paper looking into potential benefits and use cases of cryptotechnologies in the context of international payments and more specifically correspondent banking practices. (more…)

Cryptocurrencies, Global trends

May 22, 2017