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May, 2016
Archive

841

Rocket Internet’s new financials show hits and misses

By Osman Husain for TechinAsia

Publicly-traded German startup machine Rocket Internet released Q1 2016 financial results for some of its portfolio companies today. (more…)

Deals, Fintech news, Global trends

May 31, 2016

756

Singapore startup raises $10m to help businesses grow using big data with a twist

By Michael Tegos for TechinAsia

Big data analytics startup Lynx Analytics announced today it has raised “just under” US$10 million. The funding comes from an undisclosed “strategic investor,” whose deep understanding of big data led to this deal. The investor values Lynx at US$66 million, according to the startup. (more…)

Deals, Fintech news, Global trends, InspirAsia, Singapore

May 31, 2016

871

Alibaba invests in startup building AI-powered ecommerce search

By Osman Husain for TechinAsia

Twiggle, a startup that’s trying to build better ecommerce search tech, announced today it has secured funding from Alibaba. This round for the Israel-based firm is in addition to the US$12.5 million it raised in April led by South African digital media behemoth Naspers, which is also an investor in Tencent. (more…)

China, Deals, InspirAsia

May 31, 2016

Paytm will get you more returns than savings bank accounts: Founder & CEO Vijay Shekhar Sharma

ByAditi Shrivastava for Economic Times

Mobile payments and commerce platform Paytm plans to launch a series of new products, including insurance, wealth management services and loans through its new payment bank that aims to open for business in August. (more…)

Fintech news

May 31, 2016

Mobile ad blocking rose 90 percent last year, report says

By Amar Toor for Fast Company

One out of five smartphone owners are now using ad blockers, which have become especially popular in emerging markets (more…)

Global trends

May 31, 2016

605

J.P. Morgan’s CIO on the Bank’s Security Game Plan

By Emily Glazer for WSJ

Dana Deasy discusses the bank’s strategy since the 2014 breach, as well as working with fintech partners

(more…)

Banks, Fintech news, Global trends, Hotnews

May 31, 2016

551

Iran forces messaging apps to move data to Iranian servers

By Romain Dillet for Techcrunch.com

Companies behind popular messaging apps have a year to move all the data they have on Iranian users onto servers in Iran, according to Reuters. This raises concerns about privacy. (more…)

Fintech news, Global trends, InspirAsia

May 31, 2016

974

US peer-to-peer lending model has parallels with subprime crisis

By Patric Jenkins for Irish Times

It’s growing in popularity in Ireland but credit quality of some peer-to-peer loans is triggering concerns in the US (more…)

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

May 31, 2016

452

Humans are the biggest problem with this $150 million virtual-company experiment

By Ian Karr for QZ.com

Of course, the biggest problem behind a revolutionary new investment fund dictated by computer code could well be human nature. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, Hotnews

May 31, 2016

624

What Is a Bank? A series exploring the existential crisis facing banks in 2016

The question is so simple it seems silly: What is a bank? (more…)

Banks, Global trends, Hotnews

May 31, 2016

473

Bitcoin price jumps 21 percent over 4 days, reaching a 21-month high

By Roman Dillet for Techcrunch.com

Bitcoin is back! Or at least, there are positive signs indicating that bitcoin might not be as dead as everybody thought. Bitcoins are now trading at $547.40 on Bitfinex (the largest USD/bitcoin exchange according to Bitcoinity). And it represents a big 21.4 percent price jump over just four days. (more…)

Blockchain, Cryptocurrencies, Global trends

May 31, 2016

616

Lessons From The Epic Fails Of Well-Funded Startups

In the startup world, failure is a given. Fail fast is the founder’s mantra.Make a mistake, learn from it, move on, say the experts. When startups are well funded—and have a growing number of staff members and stakeholders, it’s not quite so simple. (more…)

Fintech news, Global trends

May 30, 2016

418

Bangladesh panel finds possible insider role in central bank cyber theft

By Reuters

Officials of Bangladesh Bank may have been involved in a brazen theft of $81 million from its account with the New York Federal Reserve Bank in February, the head of a government-appointed panel investigating the cyber heist told reporters on Monday. (more…)

Fintech news

May 30, 2016

449

French financial prosecutor went dark for a year to investigate on Google France

By Romain Dillet for Techcrunch.com

Google was caught by surprise. Last week, nearly a hundred employees of France’s equivalent of the IRS (Direction générale des finances) raided Google’s office in Paris for a tax noncompliance investigation. And French financial prosecutor Éliane Houlette told Europe 1 that her team had been secretly working on this raid for nearly a year. Google may be facing a $1.8 billion fine (€1.6 billion). (more…)

Global trends

May 30, 2016

Short term lending – A pink Slip

By the Economist
“WHAT rate of interest…can naturally be more proper than another?” asked Jeremy Bentham in “Defence of Usury” in 1787. Anything less than 36%, answer American activists who want to curtail payday lending—pricey, short-term credit typically used as an advance on a pay cheque. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, p2p-payments, p2p/online lending

May 30, 2016

549

Ernst & Young to sell $16 million in confiscated Bitcoin at auction in Sydney

By Jessica Sier  for Financial Review

Around $16 million worth of Bitcoin is up for auction in Sydney next month after they were confiscated as proceeds of crime last year.

(more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 30, 2016

596

Meet the 9 startups selected for UOB’s FinLab accelerator programme

By Kevin McSpadden for e27

UOB kicked off its inaugural The FinLab accelerator programme last week, with nine companies participating in a three-month programme focussed on the financial sector. (more…)

Fintech news

May 30, 2016

413

8 for fortune: OCBC fintech accelerator reveals its participants

By Kevin McSpadden

The startups cover — among others — blockchain asset transfers, robo investment advisory and mobile wallets (more…)

Fintech news

May 29, 2016

471

Venmo is turning our friends into petty jerks

By Kari Paul for QZ

Stephanie, a 24-year-old living in New York City, went over to a friend’s apartment one recent night for a laid-back night of watching Master of None on Netflix. When she got there, the friend offered her some wine, and they spent a few hours catching up. (more…)

Fintech news

May 28, 2016

397

SyndicateRoom raises $4.5M Series A to push for growth in equity capital markets

By Haje Jan Kamps for Tech Crunch

SyndicateRoom, the U.K. equity crowdfunding platform that last week announced that the world’s first equity-crowdfunded Hollywood film has signed Antonio Banderas to appear in its movie, has some big news of its own today, announcing a £3.1 million ($4.5 million) Series A from a number of heavy hitting angel investors. (more…)

Fintech news

May 28, 2016

672

Snapchat raised $1.8B in a Series F round; leaked deck reveals revenues, user numbers

By Ingrid Lunden and Katie Roof for Techcrunch.com

Earlier this week, we reported that the messaging app startup Snapchat was raising more money. Now we have more updates for you. (more…)

Deals, Global trends

May 27, 2016

713

China online lending crackdown shutters Guangdong P2P site

By Reuters 

A large Chinese online lending platform accused of illegal operations has suspended operations, one of hundreds that have been shut this year by the government, as China cleans up a sector ridden with stories of Ponzi schemes. (more…)

China, InspirAsia, p2p-payments, p2p/online lending

May 27, 2016

525

IBM: Government and Blockchain Sector Should Work Together to Enhance National Security

By Giulio Prisco for Bitcoinmagazine

IBM Vice President for Blockchain Technologies Jerry Cuomo recently testified before the Commission on Enhancing National Cybersecurity on how the blockchain can benefit transactions, eWeek reports. (more…)

Blockchain, Cryptocurrencies, Fintech news

May 27, 2016

650

Singapore’s national university and Microsoft launch program to boost data science

By Michael Tegos for TechinAsia

If data is the “new oil,” data scientists are the refineries that spin all kinds of value out of it. And nowhere in the world is that being embraced more wholeheartedly than in Singapore. (more…)

Fintech news, Global trends, InspirAsia

May 27, 2016

548

Santander’s using blockchain right now

By Lynsey Barber for CityAM

Santander is the latest bank to experiment with blockchain technology, applying it to international payments with the promise of making the process quicker. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 27, 2016

700

How Blockchain Technology Could Change The World

By Bernard Marr for Forbes

There’s a lot of hype in the air about blockchain technology at the moment. A recent World Economic Forum report predicts that by 2025 10% of GDP will be stored on blockchains or blockchain related technology. This means it’s probably something which everyone involved in business should take notice of. However, there’s still a lack of understanding about what it is, and what it does.  (more…)

Fintech news

May 27, 2016

799

Eaton Vance Backs Robo Start-Up SigFig Wealth Management

Mutual fund firm Eaton Vance (EV) announced on Tuesday that it was the lead backer in a $40 million fund-raising round for robo-advisor start-up SigFig Wealth Management.  (more…)

Fintech news

May 27, 2016

452

The omnichannel customer experience is poised to take off in regulated industries

By Clara Shih for techcrunch.com

The omnichannel customer experience is nothing new, especially in the consumer and retail industries. Many companies and brands are using data and automation technologies to engage seamlessly with their customers at any time and place and across any device. (more…)

Fintech news

May 27, 2016

Blockchain tech could save cash equities market $6bn a year – Goldman Sachs

By Finextra

The use of blockchain technology for clearing and settlement in the cash equities market could save banks around the world $6 billion a year, mainly through lower headcounts and back office IT costs, according to a Goldman Sachs report. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 27, 2016

369

Apple is ‘working rapidly’ to launch Apple Pay in more countries in Asia and Europe

By John Russel for techcrunch.com

Apple Pay may only be available in six countries right now, but the iPhone maker is keen to extend the footprint of the digital payment service worldwide. (more…)

Fintech news

May 26, 2016