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Neobanks Chasing U.K.’s Biggest Lenders Face Battle for Survival

By Richerd Partington for Bloomberg

Will Stanley and Jonathan Lind are bonding over pizza, beer and a mutual affection for their coral-colored debit cards. (more…)

Banks, Fintech news, Global trends

September 28, 2016

Goldman Says It Can Beat Fintech Ventures With Online Loan Terms

By Dakin Campbel for Bloomberg

Goldman Sachs Group Inc., the Wall Street investment bank pushing into online consumer lending, expects it can make loans on more competitive terms than Silicon Valley upstarts that pioneered and dominate the business. (more…)

Analytics, Fintech news, Global trends, Hotnews

September 28, 2016

Banks Will Start Actually Using Blockchain Next Year: IBM Report

By Tanaya Macheel for American Banker

For banks eyeing blockchain technology, 2016 has been the year of tests, trials and proofs of concept. By this time next year, however, some 15% of them could be running blockchain solutions in the wild, according to research by IBM. (more…)

Analytics, Blockchain, Global trends

September 28, 2016

Public blockchain investments heat up: $5 million in 5 minutes

By Alex Sunnarborg for VentureBeat

In early 2016 it started becoming obvious that Bitcoin hadn’t just given rise to a full new asset class of blockchain related projects but that these entities werereinventing how early stage fundraising is done. (more…)

Blockchain, Cryptocurrencies

September 28, 2016

Chinese Travelers Boost Growth for Payment Platform Alipay

By Reuters

It has 80,000 merchants worldwide under its belt.
China’s Alipay payment platform has inked deals with 10 overseas airports as it looks to expand on the back of Chinese consumers’ growing appetite for travel, and has already signed up more than 80,000 merchants worldwide, a senior executive said Monday. (more…)

Fintech news, Global trends, p2p-payments

September 28, 2016

Ripple rudely gatecrashes Sibos party

By Finextra

Like the unwanted guest at a party who trashes the house and runs off with your girlfriend, Ripple is throwing its weight around at Swift’s annual Sibos conference with a series of barbed tweets and acerbic commentary asking if the interbank co-operative’s set-piece Global Payments Innovation initiative is all its cracked up to be. (more…)

Banks, Blockchain

September 28, 2016

Klarna Goes Live with SAP’s Smart AFI

By Julie (Schicktanz) Muhn Finovate

Online payment solutions company Klarna has made a move that furthers its goal to become “the world’s favorite way to buy”. The Ohio-based company has gone live withSAP’s Smart Accounting for Financial Instruments, (Smart AFI). (more…)

Fintech news, mPOS and online acquiring, news

September 28, 2016

“Good guy” loan startup LendUp fined $6.3M for overcharging

By Josh Constine for TechCrunch

LendUp was supposed to be different than the payday loan sharks that rip off the poor when they need emergency cash. But in its early days, LendUp charged customers illegal fees, miscalculated interest rates, falsely advertised loans nationwide that weren’t available there and misled people that borrowing from LendUp would boost their credit score. (more…)

Fintech news, p2p/online lending

September 28, 2016

CLS to use Hyperledger Fabric for new payment netting service

By Finextra

Multi-bank foreign exchange counterparty CLS is to build a payments netting service for trades settled outside the core membership using distributed ledger technology based on Hyperledger Fabric. (more…)

Blockchain, Fintech news

September 28, 2016

firstblood

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Public blockchain investments heat up: $5 million in 5 minutes

By Alex Sunnarborg for VentureBeat

In early 2016 it started becoming obvious that Bitcoin hadn’t just given rise to a full new asset class of blockchain related projects but that these entities were reinventing how early stage fundraising is done. (more…)

Blockchain, Crowdfunding/investing, Cryptocurrencies, Hotnews

September 28, 2016

Startupbootcamp Fintech arrives in Mumbai

By Finextra

The Startupbootcamp accelerator network is widening its fintech programme, opening an outpost in Mumbai as it seeks out Indian startups bidding to transform the financial services industry. (more…)

Fintech news, Hotnews, India

September 28, 2016

CSDs look to harness distributed ledger technology

By Finextra

A pair of central securities depositories (CSDs) are tackling the threat posed to their industry by the blockchain frenzy head on, forming a partnership to explore how they can make the most of distributed ledger technology. (more…)

Blockchain, Fintech news

September 28, 2016

Fintech hubs go under the microscope

By Finextra

London, Singapore, New York, Hong Kong and Silicon valley have been ranked as the world’s top fintech hubs, although specialist niches are emerging in Belgium, Ireland, and Shanghai, according a report by Deloitte. (more…)

Analytics, Global trends, Hong Kong, Hotnews, Marketing Report, Singapore

September 28, 2016

Three things venture capitalists need to show their own investors

By Harry Stebbings of TechCrunch

“The table stakes for [venture capitalists] has never been higher,” says Judith Elsea,  co-founder of the fund-of-funds Weathergage Capital, in our latest interview. (more…)

Crowdfunding/investing

September 28, 2016

prepaid-cards

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Top 12 Prepaid Debit Cards Available in Europe for Hassle-Free and Secure Cross-Border Use

By LTP

Prepaid cards are payment cards with a value stored on the card itself unlike debit cards, where an external account is maintained by a financial institution, or credit cards, which are subject to the credit limits set by the issuer. One of the important benefits that prepaid cards provide is the segmentation of the spending by consumers for categories such as travel, online shopping, m-commerce, etc. (more…)

About, Cashless, Mobile payments, mPOS and online acquiring

September 28, 2016