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February, 2016
Archive

1824

World Bank: How to Bring Farmers into the Financial System

By World Bank report
Nearly half of the world’s farmers are unbanked. This statistic is worrying given the evidence linking financial inclusion to poverty alleviation and since over 70 percent of the world’s poor live in rural areas where agriculture is the predominant occupation.

(more…)

Fintech news, Global trends, news

February 24, 2016

2005

Kreditech: A credit check by social media

By Jeevan Vasagar for Ft.com

The analysis begins with the first keyboard strokes of a borrower seeking a loan on Kreditech’s site, gathering clues about personality and identity — such as whether someone types in their name or pastes it in. (more…)

Analytics, Fintech news, p2p/online lending

February 24, 2016

1562

Deals: HNA Capital Leads $46M Series A Round In P2P Lender Weijinsuo

Beijing-based P2P (peer-to-peer) lending start-up Weijinsuo has completed a RMB300 million (US$46 million) series A round of financing led by HNA Capital Group Co., Ltd., the financial services arm of Chinese conglomerate HNA Group, according to an announcement (in Chinese). (more…)

China, Deals, Fintech news, p2p-payments, p2p/online lending

February 24, 2016

1660

Loanzen goes where banks fear to tread, helps startups with short-term loans

By Malavika Velayanikal for techinasia.com

One of the pain points for startups in India is lack of access to credit. The usual collateral and other requirements of banks are beyond their means. Banks are also more attuned to financing traditional businesses, not the asset-light, fast-growing internet businesses of today. (more…)

China, Fintech news, InspirAsia, p2p/online lending

February 24, 2016

3661

The top 10 trends in banking innovation by Chris Skinner

By Chris Skinner for his blog,

We had two Financial Services Club meetings on the same night this week: one in London where Chief Executive of the Payments Council Maurice Cleaves talked about the landscape future for UK payments markets; and one in Warsaw where Lukas Dzuroska presented the top ten trends tracked in research by EFMA over the past year.  I was in the Polish meeting, as it was also the first launch meeting for ValueWeb, and was intrigued to hear to the EFMA research. (more…)

Fintech news, Global trends, Influences FinTech

February 24, 2016

1824

Stripe’s New Service Helps Overseas Startups Launch in the US

By Jessy Hempel for The Wired Magazine

SIX YEARS AGO, Irish brothers John and Patrick Collison set out to make sending payments dead simple for businesses—as easy as pasting a line of code into their apps. It’s working. Today their company, Stripe, powers mobile payments for startups like Lyft and Slack and Fortune 500 companies like Best Buy. Now, the Collisons want to take the complexity out of starting a business in the first place—and render geography irrelevant in the process. (more…)

Deals, Fintech news, POS/mPOS and online acquiring

February 24, 2016

1131

What Distinguishes Poynt’s Bold Payments Proposition

By Adam Lashinsky for Fortune

The prize? Try 120 million point of sale terminals worldwide. (more…)

Fintech news, Mobile payments/banking

February 24, 2016

1721

JPMorgan testing remittance via Blockchain between 2,200 clients

By Samburaj Das for cryptocurrency news

JPMorgan Chase & Co has been testing a blockchain program over the past few months wherein US dollars are being moved between London and Tokyo using distributed ledger or blockchain technology, the same innovation used to power Bitcoin. (more…)

Blockchain, Cryptocurrencies, Fintech news

February 24, 2016

3253

How Big data is being leveraged across FinTech?

I am sure that you have heard of one of the only profitable FinTech unicorns in the world: Klarna. A customer making an online purchase enters only their email address and zip code on an e-commerce merchant site to buy an item. (more…)

Fintech news

February 24, 2016

2439

500 Startups Announces $25M FinTech Fund

500 startups yesterday announced a new vertical fund, 500 FinTech, which will focus on investments in companies that we are deeming as: “Financial Services For the Rest of Us.”

(more…)

Fintech news

February 24, 2016

1989

India: Venture debt firms see pick-up in demand as equity deals slow

 for DealStreetAsia,
The slowdown in the availability of equity funding and a downward pressure on valuations in the venture capital ecosystem in the country has emerged as a business opportunity for firms which lend to technology start-ups.

Deals, Fintech news, India

February 23, 2016

1253

Samsung Pay to enter China tomorrow, is probably screwed

By Erick Crouch for techinAsia.com

Apple Pay rolled out in China last week to a mixed response. Domestic players WeChat Wallet and Alipay have had years to figure out how the Chinese epayments market works, and a new player – especially one that doesn’t offer staple services like discounts, online purchases, and savings accounts – is facing an uphill battle. (more…)

Cashless, eWallets, Fintech news

February 23, 2016

1438

Deals: Latvia’s Mintos scores €2M investment for P2P loans marketplace

By Steve O’Hear for Techcrunch.com

Latvia’s , a fintech startup that operates a p2p loans marketplace to let investors invest in various loans from a growing number of loan originators, has raised €2 million in seed funding. Backing comes from Riga-based VC Skillion Ventures. (more…)

Cashless, Deals, Fintech news, p2p/online lending, SME

February 23, 2016

2473

World Bank: how Vietnam can become a modern, industrialized nation in 20 years

By World Bank Press release,

Gov’t-World Bank Group joint report recommends reforms to foster private sector competitiveness, promote social inclusion and build modern institutions.

Fintech news, Government activities, SME, Vietnam

February 23, 2016

2047

Visa gets ready for the Internet of Things

Visa is expanding its Visa Ready programme to include Internet of Things (IoT) companies, such as manufacturers of wearables, automobiles, appliances, public transportation services, clothing and other connected device. (more…)

Cashless, Fintech news, news

February 23, 2016

3446

India’s online financial marketplace BankBazaar expands into Singapore

By Sainul Abudheen K for e27.com

It is also looking at other growth markets in Asia, including Malaysia, the Philippines and the UAE (more…)

Banks, Fintech news, India, Malaysia, p2p/online lending, Philippines, Singapore

February 23, 2016

1397

Only 22% of India’s VC-funded early-stage startups expect to turn profitable in the next year

By  for techinasia.com

What’s up with India’s startup ecosystem? According to data released in InnoVen Capital’s “India Startup Outlook Report,” only 22 percent of VC-funded early-stage startups expected to turn profitable in the next year, probably because the intention of getting investor money is to trade profitability for growth.

(more…)

Analytics, Fintech news, India, SME

February 23, 2016

2662

How Singapore is powering Asia’s fintech boom

By Imran Khan for TechinAsia.com

Singapore is the easiest place in the world to do business. The city-state has been ranked #1 in The World Bank’s Ease of Doing Business study for the last 10 years.

(more…)

Cashless, Fintech news, Global trends, Singapore

February 23, 2016

1670

Tim Draper On The Evolution Of VC and the future of blockchain

Recently I had the chance to catch up with Tim Draper, Founder and Managing Director at DFJ and one of the most prominent figures in the global venture capital community. (more…)

Blockchain, Fintech news, Influences FinTech

February 22, 2016

3870

Big Industries Where Blockchain Could Be Used

Blockchain is widely known for its usage within Bitcoin, and now, people  and enterprises are starting to understand the blockchain as a phenomenon different from Bitcoin specifically and other digital currencies in general. Banking and payments are not the only sectors that could be disrupted by blockchain tech, moreover, the promising sectors include Music, Voting and NGOs.  (more…)

Blockchain, Fintech news, Global trends

February 22, 2016

2247

Vladislav Solodkiy about London Finovate 2016

By Vladislav Solodkiy, Managing partner of Life.SREDA VC

for Fintechranking 

With fintech being one of the hottest new sectors for both tech and finance, premiere events in the field have become must-visit affairs for a fintech VC like me.

(more…)

Columns, Fintech news, Influences FinTech

February 22, 2016

Mobiles making India less cash conscious

By Aparna Dasikan for Times of India,

A generational shift is taking place in the way Indians make payments. Fund transfers through mobile are growing much faster than other payment modes and payments through cheques continue to fall. (more…)

Fintech news

February 22, 2016

1619

Mobile Payments on the rise

By Rani Molla for Bloomberg,
Back in 2012, the prospect of consumers paying for things using their phones seemed close at hand.  Analysts predicted explosive growth — to the tune of $60 billion in in-store “mobile proximity transactions” in the U.S. by 2016.

(more…)

Analytics, Cashless, Fintech news, Global trends, Mobile payments/banking, p2p-payments

February 22, 2016

2247

The State Of P2P Lending

by  for techcrunch.com

Peer-to-peer (P2P) lending became one of the hottest industries in fintech — or any other any industry — in 2015. Companies raised large venture rounds, investors found unicorns and there were even a couple of IPOs. (more…)

Cashless, Fintech news, p2p-payments, p2p/online lending

February 22, 2016

2426

Blockchain Brings Africa Hope

By Elliot Maras for ccn.la

African banks, behind the times with fintech, could actually become pioneers in developing new financial technologies like the blockchain and bitcoin. (more…)

Banks, Blockchain, Cashless, Fintech news, Global trends, Mobile payments/banking

February 22, 2016

1484

The Future Of Smart Home Payments

by , for techcrunch.com

Gartner projects there will be 6.4 billion connected things in use worldwide in 2016 (a 30 percent increase from 2015), and that the market will grow to 20.8 billion by 2020. (more…)

Fintech news, Global trends, Mobile payments/banking

February 22, 2016

2112

MOBILE MONEY: FROM HYPE TO REALITY

By Frontier Myanmar,

CB Bank in October became the first financial institution in Myanmar to offer account holders the option of paying a utility bill over their mobile phone.

The option benefitted customers of the Yangon Electricity Supply Corporation and who in the commercial capital does not have a mobile phone nowadays? (more…)

Fintech news

February 21, 2016

2346

Vladislav Solodkiy: 4 reasons to believe the fintech hype

Vladislav Solodkiy, Managing partner of Life.SREDA for VentureBeat.com

Over the past year, the fintech industry has transformed from a hypothetical hotspot to an actual one.

(more…)

About, Blockchain, Columns, Fintech news, Global trends, Influences FinTech

February 21, 2016

1701

mPOS Will Drive Omnichannel Merchant Innovation

By Kunal Patel for Techstory.com

One of the biggest buzzwords in commerce today is omnichannel. In the simplest terms, omnichannel means that no matter which channel is the touch point of the moment to the consumer – a payment terminal in a store, an online storefront, or a retailer’s app on a mobile device – their experience should be seamless, streamlined, secure and optimised for the needs of each channel. (more…)

Fintech news

February 21, 2016

2009

The Next Billion-Dollar Insurer

By Jay Farber for Techcrunch.com

Venture capital-backed insurance success stories have risen at a regular drumbeat over the last few years: 2011 brought the billion-dollar Esurance acquisition, 2012 brought the wildly successful Guidewire IPO, 2013 brought the large Climate Corporation acquisition and 2014-2015 brought Zenefits to prominence. (more…)

Fintech news, Insurance

February 20, 2016