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106

ING bond traders get cognitive boost with Katana

ING is rolling out an artificial intelligence (AI) tool, Katana, designed inhouse to help traders decide what price to quote when a client wants to buy or sell a bond. (more…)

Banks, Global trends, Hotnews

December 13, 2017

101

Starling Bank joins Step2 Sepa payments scheme

Starling Bank has become the first of the UK digital challenger banks to become direct members and participants of the STEP2 SEPA Core Direct Debit and SEPA Credit Transfer Scheme, otherwise known as the SEPA payments system. (more…)

Mobile-first banks

December 13, 2017

112

China UnionPay and banks create unified payments app

China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country’s banking industry. (more…)

Global trends, InspirAsia

December 13, 2017

115

Tradeshift partners with Infosys BPO

By Tradeshift

Tradeshift, the world’s largest business commerce platform, today announced a partnership with Infosys BPO, the Business Process Outsourcing subsidiary of Infosys Limited (INFY). (more…)

Fintech news, Global trends

December 13, 2017

118

PayPal joins $17.5 million round in Simility

By Smility

Today we announced our latest funding round of $17.5M to keep pace with explosive company growth. (more…)

Deals, Fintech news, Global trends

December 13, 2017

101

Payments startup iZettle raises $47M, reportedly at a $950M valuation

By Ingrid Lunden for Techcrunch

iZettle — the payments startup based out of Stockholm that competes against companies like SquarePaypal and SumUp to provide card transactions using smartphones and tablets as well as related accounting services — has raised another €40 million ($47 million), money that CEO and co-founder Jacob de Geer told TechCrunch would be used to expand into more markets beyond the 12 where it currently operates in Europe and Latin America. (more…)

POS/mPOS and online acquiring

December 13, 2017

100

Baidu’s new diagnosis service makes sure your site works perfectly in China

Youku instead of YouTube, WeChat rather than Twitter, Baidu over Google. These are just a few of the tips for any foreign website aiming for a Chinese audience. To give a more holistic view for those who are hoping to bypass the “Great Firewall”, Chinese search giant Baidu is rolling out a new service in Japan which offers website operators a pre-evaluation to determine whether their site is optimized to run in China, Japanese media Nikkei Asian Review is reporting. (more…)

Fintech news, Global trends

December 13, 2017

Credit Agricole and Wirecard forge e-payment and acquiring partnership

By Wirecard

Crédit Agricole Payment Services and Wirecard announced today that they have signed a letter of intent to enter into exclusive negotiations to conclude a partnership to offer an innovative and differentiated service offering based on a high-performance technology in the field of electronic payment acceptance and acquiring. (more…)

Fintech news

December 11, 2017

136

Commerzbank and HSBC form securities settlement JV

Commerzbank is looking to make savings by transferring its securities settlement operations to a new joint venture with HSBC Transactions Services. (more…)

Banks

December 11, 2017

137

UK alternative finance market is now worth £4.6 billion

The UK online alternative finance market grew 43% in 2016 to reach £4.6 billion, buoyed by increased institutional investment and a sustained pick up in innovative business lending models. (more…)

Global trends, Hotnews, p2p/online lending

December 11, 2017

108

The Anatomy of a Marketplace

By Leah Busque, Engineer -> entrepreneur -> early-stage investor

Marketplaces as Living, Breathing and Complex Organisms

On the surface, marketplaces seem fairly straightforward — you match supply and demand to make the marketplace work. But, in reality, marketplaces are anything but simple: successful marketplaces are built upon multiple complex systems that are connected and intertwined. In this way, they are akin to living, breathing organisms. (more…)

Fintech news

December 11, 2017

107

SoFi Completes $769 Million Student Loan Securitization; Brings Total ABS Issuance to $6.9 Billion in 2017

On Friday, online lending platform SoFi announced that it has closed its $769 million SoFi Private Student Loan notes (SoFi 2017-F). The lender revealed that the closing marked its 12th ABS transaction this year and brings the total amount of ABS issuance to $6.9 billion. (more…)

Fintech news

December 11, 2017

Coinbase: The Heart of the Bitcoin Frenzy

By Nathaniel Popper for The New York Times

The San Francisco start-up has been at the center of the virtual currency boom. But like any young company, it is experiencing growing pains.

(more…)

Blockchain, Cryptocurrencies

December 11, 2017

The Demand for Data Scientists

By Iliya Valchanov, Co-founder of 365datascience.com. Originally published on Quora.

According to Glassdoor, in 2016 data science was the highest paid field to get into. (more…)

AI / Machine Learning / Big Data, Global trends

December 11, 2017

Google leads in the race to dominate artificial intelligence

By The Economist

Tech giants are investing billions in a transformative technology (more…)

Fintech news, Global trends

December 11, 2017