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March, 2016
Archive

763

Square Has a New Growth Hack to Increase Its Payment Processing Volume

By Jason Del Rey for Re/code

Square has long generated the vast majority of its payments processing revenue from merchants that use free Square software to manage and track their sales. Now, Square is trying to make it easier to convert businesses that use non-Square software into Square payments customers, too. (more…)

Cashless, Fintech news, Global trends

March 31, 2016

PayPal’s Braintree Auth launches to bring its payments platform to more merchants, service providers

By Sarah Perez for Techcrunch.com

Following yesterday’s news of Square’s entry into the online checkout space, the PayPal-owned payments platform Braintree today announced the launch of Braintree Auth. The system lets e-commerce platforms give their merchants easier ways to enable payments on their online storefronts. It also lets service providers access customer and transaction data on merchants’ behalf. The move signals Braintree’s attempt to expand its reach into the SMB market, as competition with startups like Stripe heats up. (more…)

Fintech news

March 31, 2016

662

Could fintech make travelling safer?

Written by Ramón Martín, Global Head, Merchant Sales and Solutions, Visa Inc

Travel is an increasingly important driver of global economic growth. International tourism has grown faster than global GDP for the past several years, and is expected to continue on a positive trajectory.

(more…)

Cashless, Fintech news, Global trends, Government activities, InspirAsia

March 31, 2016

883

The UK’s online financial marketplaces attracted $253m in VC money last year

By Helen Cahil for City AM

Financial marketplaces – crowdfunding platforms and other fintech sites – have proven irresistible to the City, it turns out, after figures released today showed venture capital funding for the sector has shot up five-fold in the last two years. (more…)

Cashless, Deals, Fintech news, Global trends

March 31, 2016

Google is shutting off support for its Google Wallet debit card

By Nick Statt for the Verge

Google announced today it would no longer support its Wallet Card starting June 30th. The prepaid debit card, which launched back in November 2013, let you pay for things in person and online using your Wallet balance at any retailer that accepted MasterCard. It also let you withdraw money from ATMs. In an email sent to Wallet Card owners, Google says it wants “to focus on making it easier than ever to send and receive money with the Google Wallet app.” (more…)

Fintech news

March 31, 2016

524

Blispay, the financing program for SMBs, raises $12.75M in seed funding

By Jordan Crook for techcrunch.com

Big box retailers like Best Buy and Target have all kinds of financing card programs for their customers. But smaller and medium-sized merchants have no way to give their customers the same kind of financing plans. (more…)

SME

March 31, 2016

922

Here’s Why the Blockchain Would Have Saved Lehman Brothers

By  for Fortune magazine

CFTC commissioner is on board with the bitcoin-related technology. Bitcoins could have saved Lehman Brothers, sort of. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends, Government activities

March 31, 2016

1695

Money of the Future 2015/2016

15 Major Fintech Trends in 2015/2016

(more…)

Analytics, Fintech news, Global trends, Hotnews, InspirAsia

March 31, 2016

922

The definitive ranking of Wall Street investment banks in every business line

By Portia Crowe for Business Insider,

We have new data on how Wall Street banks stack up in every business line, and there is one clear winner. JPMorgan led the pack in 2015 for revenue across fixed income, equities, and banking, according todata-analytics company Coalition. That bank made $22.7 billion. (more…)

Banks, Global trends

March 30, 2016

1196

AI, Blockchain-Based Startups Selected For BNP Paribas’ FinTech Accelerator

By Econotimes,

BNP Paribas, a leading bank in Europe, has announced the names of eight startup companies that have been selected for its FinTech accelerator programme, run by the tech innovation specialist L’Atelier BNP Paribas. These startups are from diverse background that includes blockchain, artificial intelligence, insurance and more. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

March 30, 2016

664

Deals: Robo-advisor Betterment raises $100m

By Finextra.com

Betterment has raised $100 million in a funding round led by Swedish investment firm Kinnevik which values the American robo-advisor at $700 million. (more…)

Deals, Fintech news, Global trends

March 30, 2016

699

Wall Street Goes Big on Bitcoin Tech

By Telis Demos for WSJ

The mainstreaming of blockchain tech continues. (more…)

Blockchain, Cashless, Cryptocurrencies, Fintech news

March 30, 2016

518

Square copies Stripe with new online checkout API

By Romain Dillet for Techcrunch

Watch out Braintree, Stripe and other online checkout systems, Square is going after you. The company launched new APIs today for offline and online stores. But the bigger news is that e-commerce merchants can now process credit card payments using a simple form. Behind the scene, Square processes the payment. (more…)

Fintech news

March 30, 2016

775

Nearly 75% US companies targets of payment fraud in 2015, says AFP survey

By Sarah Gill for Paymenteye

The threat of payments fraud is on the rise and while continued reliance on cheques makes businesses vulnerable to attack, business emails are getting increasingly popular for fraudsters.

(more…)

Cashless, Fintech news, Global trends

March 30, 2016

Branch.co raises $9.2 million to bring financial services where banks don’t go

By Lora Kolodny for Techcrunch.com

San Francisco-based Branch International, or Branch.co, raised $9.2 million to bring digital financial services to mobile phone users in Sub-Saharan Africa. Andreessen Horowitz led the Series A round. (more…)

Fintech news

March 30, 2016

1405

Report: Facebook Is Turning Messenger Into A Mobile Wallet

By Parmy Olson for Forbes,

Facebook has big plans to turn Messenger into an “Everything App” that will replace many others found on your smartphone, but one of the most important shifts will be turning it into an app that pays for things. (more…)

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

March 29, 2016

5567

P2B-, SME- online loans and Factoring

New technology has fuelled the growth of alternative lenders which offer both higher yields to investors and faster, cheaper, more convenient loans for borrowers than traditional banks. Private investors are continuing to plow hundreds of millions of dollars into alternative-lending startups at valuations of more than $1 billion.

Read our full research“Money of the Future”. Download PDF (20MB) (more…)

Fintech news, Hotnews, InspirAsia, SME

March 29, 2016

809

Slice Labs raises $3.9M to insure on-demand workers when they’re on the job

By Anthony Ha for techcrunch.com

Tim Attia, co-founder and CEO of Slice Labs, said there’s “a ticking time bomb” threatening the on-demand economy — namely, insurance and liability. (more…)

Global trends, Insurance

March 29, 2016

946

Samsung Pay launches in China and Singapore

By Viktoria Ho for Mashable

SINGAPORE — Samsung has announced a spate of mobile payments services in Asia, with the most fanfare given to its tap-to-pay Samsung Pay service opening in China.

(more…)

Cashless, Deals, Fintech news, Global trends, InspirAsia

March 29, 2016

923

The blockchain in finance: Hype springs eternal

By the Economist

NORMALLY, it is Simon Taylor’s job to persuade sceptical colleagues at Barclays that rapid technological change will disrupt the bank’s business.

(more…)

Blockchain, Cashless, Cryptocurrencies, Fintech news

March 29, 2016

4326

Bitcoin, RIP. Blockchain is Sexy

2015 was still a busy year for blockchain. Venture capital investments topped $1 billion for the first time. People are finding it easier to invest in the digital currency, thanks to the debut of firms such as Bitcoin Investment Trust. Big financial companies—Nasdaq, American Express and Visa— invested in blockchain startups, “a game changer in terms of attitude towards the technology”.

Read our full research “Money of the Future”. Download PDF (20MB)
(more…)

Blockchain, Cashless, Cryptocurrencies, Fintech news, Global trends, Hotnews

March 29, 2016

963

Apps are getting millennials interested in money – but can they be trusted?

By Suzanne McGee for the Guardian

Young people are using fintech for financial help, but shunning big banks and embracing new businesses doesn’t mean you’re removing risk from the equation (more…)

Banks, Cashless, Fintech news, Global trends

March 28, 2016

4702

Cashless society and Fintech hubs

The world dreams of a cashless society. And as it acquires a multitude of non-cash payment options, this dream only comes closer. The progress of economies varies, though. In Hong Kong, one can purchase tickets or eat in fast food outlets using the Octopus value card. In Sweden, the homeless no longer ask passers-by for loose change; they have card readers instead.

Read our full research “Money of the Future”. Download PDF (20MB)
(more…)

Cashless, Fintech news, Global trends, Government activities, Hotnews, InspirAsia

March 28, 2016

734

Blockchain is essential to the fintech revolution

By Brett King for BankNXT,

Brett King explores the growth of bitcoin and blockchain, along with Michael J Casey, Chris Skinner, Brock Pierce, Bart Stephens, Jeremy Allaire and Jim Marous.

(more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, Interviews

March 28, 2016

606

Internet of random things: Fridges, doorbells, beds, and ovens are your connected future. Right?

By Paul Sawers for VentureBeat.com

The year 2016 could go down in history as the year the Internet of Things (IoT)really came to fruition. (more…)

Fintech news, Global trends, InspirAsia

March 28, 2016

1033

Banking industry primed for a pocket-sized revolution

By 

ondo, the latest challenger bank aiming to take a chunk of business from the established high street lenders, is unlike any UK financial institution that has come before it.

(more…)

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

March 28, 2016

840

Bitcoin, Blockchain and the Central Planning of Digital Money

By  for Coindesk.com

In this opinion piece, Atlas discusses bitcoin’s ongoing block size debate, arguing that the economic analysis of potential changes to the system has been largely ignored by network developers. (more…)

Blockchain, Cashless, Cryptocurrencies, Fintech news, Global trends

March 28, 2016

2878

E-Wallets: Game of giants

By 2019, eMarketer estimates that the total value of transactions made by tapping a phone on an in-store terminal will reach $210 billion, up from $8.7 billion in 2015. For banks and retailers, that presents an opportunity to take on Apple Pay and Google’s Android Pay – and maybe save on transaction fees to boot.

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Banks, Cashless, eWallets, Fintech news, Global trends, Hotnews, InspirAsia

March 28, 2016

769

A tree grows in Ross Ulbricht’s prison cell

By  for Fortune magazine

One year into a double life sentence, Ross Ulbricht planted an apple seed in a sun-lit corner of his prison cell. It came to life in a damp towel before a guard took the sapling away. Instead of throwing it out, someone placed the small plant in the counselor’s office. (more…)

Global trends, news

March 28, 2016

750

Japan Looks to Kickstart ‘Fintech’ Revolution

By Reuters

Strict regulation has been choking out financial innovation in the world’s third-biggest economy. (more…)

Fintech news, Global trends, Government activities, InspirAsia

March 28, 2016