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Vantiv to Acquire Paymetric

Vantiv, Inc. (VNTV), a leading provider of payments processing services and related technology solutions for merchants and financial institutions, announced today its agreement to acquire Paymetric, a portfolio company of Francisco Partners. (more…)

Deals, Global trends, Payment processors/providers/gateways

April 26, 2017

DBS and OCBC push QR codes for mobile payments

Singaporean banks DBS and OCBC are to introduce QR code-based payments at offline stores in a joint project with national payments processor Nets. (more…)

Banks, Deals, Fintech news, Hotnews, InspirAsia, Payment processors/providers/gateways

April 26, 2017

Mizuho to go live with DLT-based trade finance application

Mizuho Bank is preparing to conduct its first live trade financing transactions over a distributed ledger developed in association with IBM. (more…)

Banks, Blockchain, Global trends, Government activities

April 26, 2017

Starling Bank To Incorporate Pay By Bank For Online Purchases

By PYMNTS

Starling, the digital bank, has inked a partnership with Pay by Bank, the mobile payment app of Vocalink, to enable users to buy things online. (more…)

Banks, Fintech news, Global trends, Mobile-first banks

April 26, 2017

Financial API manager Quovo raises $10 million

Quovo, a data platform providing insights and connectivity for financial accounts, today announced it has raised $10 million in Series B funding. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, Open Source/ API

April 26, 2017

Singapore is creating a US$718M innovation fund; will invest up to US$107M in each startup

It is called The Makara Innovation Fund, a joint venture between the Intellectual Property Office of Singapore and local private equity firm Makara Capital Partners (more…)

Government activities

April 26, 2017

Korean mobile commerce company Tmon raises $115 million, now valued at $1.2 billion

By VB

Tmon, a mobile ecommerce company based in Korea, has closed a $115 million funding round from new investor Simone Investment Managers, with participation from existing shareholders, including a number of sovereign wealth funds. (more…)

Deals, Fintech news, Global trends, Hotnews

April 26, 2017

Spotify

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Spotify acquires Mediachain to develop blockchain technology that matches royalties with rightsowners

By Paul Sawers for VB

Spotify has acquired Mediachain, a New York-based startup behind an open source peer-to-peer database and protocol for registering, identifying, and tracking creative works across the internet. Terms of the deal were not disclosed. (more…)

Blockchain

April 26, 2017

Dwolla and Plaid team on tokenised ACH payment integration

Today, Plaid and Dwolla announced a new partnership to offer a fully tokenized ACH payment integration. The partnership makes it possible to tokenize account and routing numbers and authenticate user bank accounts through Plaid and start accepting Automated Clearing House (ACH) payments in minutes with Dwolla’s ACH API. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API, Payment processors/providers/gateways

April 26, 2017

API Strategy: Public API’s aren’t just about regulations

It’s easy to think that Public API’s are just about regulation, such as PSD2 in Europe, driving open banking. (more…)

Open Source/ API, Payment systems

April 26, 2017

machine-learning

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Scaling machine learning

(more…)

AI / Machine Learning / Big Data

April 25, 2017

Axiata-Logo.svg

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BIMA SECURES USD16.8 MILLION INVESTMENT FROM AXIATA DIGITAL

BIMA, the InsurTech pioneer bringing microinsurance to underserved families in emerging markets, today announced the close of an investment of USD16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad (Axiata), one of Asia’s largest telecommunications groups. (more…)

Fintech news, Global trends, Hotnews, Insurance

April 25, 2017

TradAir deploys trading platform at Amazon AWS London Region

TradAir, the global provider of trading technology solutions for banks, brokers, prime of primes and regulated marketplaces, is using AWS’s London Region to reduce round-trip latency and improve its execution performance. (more…)

Deals, Fintech news, Global trends

April 25, 2017

Online lender CommonBond to offer more types of student loans

By Brian Yurcan for American Banker

The online lender CommonBond, known largely for refinancing student loans, said Tuesday that it has begun offering a wider assortment of loans to current higher-education students. (more…)

Global trends, Hotnews, p2p/online lending

April 25, 2017

WorldRemit partners Wafacash for money transfers to Morocco

Digital money transfer service WorldRemit has partnered with leading Moroccan financial company Wafacash to further support the growing demand for instant remittances and the immediate access of funds in the country. (more…)

Global trends, Hotnews, p2p/online lending

April 25, 2017