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March, 2016
Archive

1460

CurrencyFair scores further €8M for p2p currency exchange

By Steve O’Hear for Techcrunch.com

CurrencyFair, one of a number of so-called peer-to-peer currency exchanges, has scored a further €8 million in funding. The round was led by Octopus Ventures, with participation from Proxy Ventures. It brings total raised by the 2010-founded company to around €20 million — a figure that is dwarfed by noisy rival TransferWise, which closed $58 million in Series C funding last year alone. (more…)

Fintech news

March 27, 2016

3762

O2O and IoT in Retail and Fintech

Technology is killing the traditional retailer. Victims will include those selling commodity brand-name-type products like consumer electronics, appliances, sporting equipment and furniture, and may even include those selling consumable goods.

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

Cashless, Deals, Fintech news, Global trends, InspirAsia

March 26, 2016

13467

Online-Remittances

The World Bank estimates that by 2016 there will be more than $700 billion sent overseas between family and friends, with $646 billion sent in 2015.

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

Cashless, Fintech news, Global trends, Hotnews, InspirAsia, Remittances

March 26, 2016

2155

FinTech Could Help Achieve Full Financial Inclusion

By Javier Saade for Huffington Post

Capital is to economic development and finance what location is to real estate. And the world of finance is undergoing staggering innovation – some call it the “Wall Street and Silicon Valley stew.” (more…)

Cashless, Fintech news, Global trends

March 25, 2016

1628

How OpenBazaar’s Early Adopters Are Testing the Online Market

By Daniel Palmer for Coindesk

Back in April 2014, DarkMarket, a decentralized anonymous marketplace with a name guaranteed to fuel the nightmares of conservatives everywhere, was forked and given a more widely acceptable title. (more…)

Fintech news

March 25, 2016

1584

The 4 Things It Takes to Succeed in the Digital Economy

By Lindsey Anderson and Irving Wladawsky-Berger for Harvard Business Review

For several years now digital has been an appendage to “business as usual.” But recently, digital transformations have reached the tipping point where digital has become “business as usual”; the tail has become the dog. Digital is not just part of the economy — it is the economy. (more…)

Banks, Fintech news, Global trends

March 25, 2016

Messaging app Line launches its own debit card

By Peter Rothenberg for techinAsia

Messaging app Line said yesterday it will launch a prepaid card – called Line Pay Card – for shoppers. The announcement was made by director Jun Masuda onstage at the Japan-based company’s Line Conference Tokyo 2016 event. (more…)

Fintech news

March 25, 2016

6939

Fintech fot SMEs: Payroll, Accounting, etc.

If you take a look at all the news about fintech startups, you might get a feeling that the new financial services are built for retail clients and not for businesses. However, these are the entrepreneurs who may become drivers of fintech. We should clarify what exactly do we mean by ‘SME’.

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

Fintech news, Global trends, InspirAsia, SME

March 25, 2016

9808

“Uber moment” for financial industry

Serguei Netessine is Timken Chaired Professor of Global Technology and Innovation at INSEAD (Singapore campus), and Research Director of INSEAD-Wharton Alliance. He is angel investor, startup advisor, industry consultant and speaker on entrepreneurship and innovation. His recent book “The Risk-Driven Business Model: Four Questions that will Define your Company” was published by Harvard Business Press in 2014. (more…)

Columns, Fintech news, Global trends, Hotnews, InspirAsia

March 24, 2016

1559

Half of all mobile games money comes from 0.19% of users

By Matt Kamen for Wired.com

Mobile games development is a minefield. Aside from discoverability issues in both the App Store and Google Play (a problem for years), there’s the big matter of how to monetise your app.

(more…)

Fintech news, Global trends

March 24, 2016

2213

UBS and Credit Suisse launch fintech accelerator

By Finextra

The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience. (more…)

Banks, Deals, Fintech news, Global trends

March 24, 2016

2156

Smarter data for smart cities

Written by: Sunil Jose. The author is MD, Teradata India. For Financial Express

The Internet of Things opens new doors for governments to offer better, ‘smarter’ services to the citizens (more…)

Global trends

March 24, 2016

1646

Deals: Online lender Kreditech closes out Series C at $103M after getting $11M from the IFC

By Ingrid Lunden for techcrunch.com

Kreditech — the German startup that offers loans and other financial services to consumers who have little or no credit history by using some 20,000 data points online to assess their suitability — has added another $11 million (€10 million) to its Series C round of funding. (more…)

Deals, Fintech news, Global trends, p2p-payments

March 24, 2016

1769

Square integrates with Facebook Ads to drive customer sales

By Leena Rao for Fortune,

Square is adding new features to its marketing software. (more…)

Deals, Fintech news, Global trends, InspirAsia, Mobile payments/banking

March 24, 2016

1944

World Econmic Forum: Could blockchain technology make big banks a thing of the past?

By Simon Johnson, Co-founder, The Baseline Scenario in collaboration with Project Syndicate.

After nearly a decade of crisis, bailout, and reform in the United States and the European Union, the financial system – both in those countries and globally – is remarkably similar to the one we had in 2006.
(more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

March 24, 2016

4040

Online Lending

For centuries, banking has remained fundamentally unchanged. For the first time in banking, the online marketplace makes it possible for a third party to match idle supply and demand. As a result, lenders and borrowers can now find one another and agree to terms – all without the involvement of retail banks or credit card companies. 

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

Cashless, Fintech news, Global trends, Hotnews, p2p/online lending

March 24, 2016

1799

Deals: London fintech startup GoCardless raises $13M to bring recurring payments platform to more countries

By Steve O’Hear for Techcrunch.com

GoCardless has become somewhat of a poster child for the London fintech scene. Offering an alternative to card payments, the startup provides a simple way for businesses to set up and accept bank-to-bank payments online (also known as Direct Debit), and is now processing £1 billion worth of payments annually. That’s up from £500 million in July — a figure that co-founder and CEO Hiroki Takeuchi tells me is on track to double. (more…)

Cashless, Deals, Fintech news, Mobile payments/banking

March 23, 2016

11829

P2P – Lending

The P2P business model is starkly different from that of traditional banks and the opportunities posed by P2P lending may have significant impact on financial institutions.

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

Cashless, Fintech news, Global trends, InspirAsia, p2p/online lending

March 23, 2016

1655

Life.SREDA demo day suggests continued fintech dynamism

By Shiwen Yup for DealStreetAsia

Singapore-based fintech venture capital firm Life.SREDA saw the pioneer cohort of its InspirAsia fintech accelerator hold their demo day in conjunction with the opening of their co-working space earlier this month. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

March 23, 2016

1546

10 years later, Twitter still isn’t close to making money

By David Goldman for CNN Money

Twitter has come a long way since the first tweet was sent 10 years ago Monday (“just setting up my twttr”). (more…)

Global trends

March 23, 2016

Android Pay will launch in the UK ‘in the coming months’

By Matt Burgess for Wired.com

Google will extend Android Pay to the UK “in the next few months”, the company has said. (more…)

Fintech news

March 23, 2016

3229

Fintech for Millenials

The biggest issue with “fintech for millennials” that you have to understand millennials more, than fintech.

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

Banks, Fintech news, Global trends, InspirAsia

March 23, 2016

2082

Deloitte Predicts Rise in Blockchain-Based Payments

By Charles Small for Bitcoinmagazine.com

Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends, Mobile payments/banking, p2p-payments

March 23, 2016

1992

Africa’s Largest Online Marketplace Bidorbuy Adds Bitcoin Payments

To eliminate the financial security issues a lot of African e-commerce users have suffered from, Bidorbuy, Africa’s largest online market, began accepting Bitcoin payments March 3. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia, SME

March 23, 2016

6412

Why Amazon and Google are bound to enter finance

By  for Disruptive finance

“Do you think that Google and Facebook will enter financial services ?”

(more…)

Fintech news, Global trends

March 23, 2016

5963

Insurtech

This year insurance companies, witnessing tremendous changes taking place in the banking sector, intensified research and collaborations with startups in the sector.

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

Fintech news, Global trends, Hotnews, Insurance

March 23, 2016

4132

Crowdinvesting as an Alternative for SME- and P2B- Lending

In many countries crowdinvesting took off with issuers offering financial securities to investors and thus granting returns in the form of interests, dividends, and/or parts of the earnings of the business. Today, a large range of portals has been set up to facilitate the matching between entrepreneurs and the investing crowd.

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

Crowdfunding/investing, Fintech news, Global trends

March 21, 2016

2838

Infographic: Millennials More Likely to Purchase Insurance From Tech Firms

By FintechNews Switzerland

Changing behaviors and preferences from Millennials combined with the emergence of technologies such as the Internet of Things (IoT), is pushing the insurance industry towards massive disruption, according to a new report by Capgemini and Efma. (more…)

Fintech news, Global trends, Insurance

March 21, 2016

3491

Hong Kong to get new mobile bank

By Finextra.com

Neat, a mobile banking startup in Hong Kong that blends machine intelligence with biometric security, has opened its waiting list to university students and young professionals with a view to a Q2 2016 launch. (more…)

Banks, Fintech news, Hong Kong, Mobile-first banks

March 21, 2016

1468

Deals: Mattermark raises $7.3M at a $42M valuation to expand its B2B search and analytics tools

By Ingrid Lunden for Techcrunch.com

Mattermark, a startup that mines and crunches public Internet data to provide investors, sales teams and others with search tools and other business intelligence, has raised another $7.3 million in funding — a Series B round that values the company at $42 million. (more…)

Deals, Fintech news

March 21, 2016