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July, 2016
Archive

Groupe BPCE agrees to buy Fidor

By Finextra.com

German digital challenger bank Fidor is being bought by France’s Groupe BPCE. Fidor will continue to operate as an independent business following the acquisition, terms of which have not been disclosed. (more…)

Banks, Hotnews

July 29, 2016

Threat of Blockchain Prompts New Strategy for Germany’s SAP

By Olga Kharif for Bloomberg

Nearly 400 miles from its German headquarters, in the computer-science hotbed of Potsdam, SAP SE’s engineers are trying to head off the latest challenge to its software empire: the blockchain. (more…)

Analytics, Blockchain, Fintech news, Global trends, InspirAsia

July 29, 2016

598

The rise and rise of Mexican fintech

By Frederico Antoni for Techcrunch.com

Nothing tells the story of how the Mexican tech ecosystem is steaming ahead in Latin America quite like the rise of fintech. (more…)

Banks, Fintech news, Global trends, Hotnews, InspirAsia

July 29, 2016

424

Amazon debuts a dedicated shop for Kickstarter products

By Sarah Perez for Techcrunch.com

Funding a project on Kickstarter is like placing a bet – will the project ever work? Will it ship? Or will you just be out a chunk of change? That said, the crowdfunding platform has enabled a number of companies to get off the ground, including those that range from gadgets and electronics to toys and home goods, among other things. Today, Amazon announced it’s teaming up with Kickstarter to offer those successful Kickstarter products a way to reach more customers through a dedicated section on Amazon’s website. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

July 29, 2016

Big Banks Turn Silicon Valley Competition Into Profit

In an annual letter to shareholders last year, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned in bold print that “Silicon Valley is coming” for the financial industry. This year, his tone was upbeat, describing payment systems and partnerships his bank set up to compete. (more…)

Banks, Blockchain, Fintech news, Global trends, Marketing Report

July 29, 2016

421

Google (and Facebook) are getting almost all digital ad money

By Harriett Taylor for CNBC 

With Alphabet and Facebook crushing analyst estimates in the second quarter — while Twitter delivered a mixed quarter — it is a tale of two cities when it comes to the three biggest independent U.S. tech companies whose businesses rely on ads.

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

July 29, 2016

Insurance Companies Have Joined the Ranks of Shadow Banks

When all else fails, lend.

That’s the strategy of some of the biggest U.S. insurers as they seek higher returns in an investment universe where buying bonds sometimes means guaranteed losses. (more…)

Banks, Fintech news, Global trends

July 29, 2016

517

Takeaways From the Bank of Japan’s Policy Decision

By WSJ Staff

The Bank of Japan disappointed investors with its limited expansion of monetary stimulus Friday. Here are five takeaways from the central bank’s policy decision.

(more…)

Banks, Deals, Fintech news, Global trends, Hotnews, InspirAsia, Japan

July 29, 2016

395

Monese, the UK banking app for immigrants and expats, finally lands on iOS

By Steve O’Hear for Techcrunch.com

For all the hype around fintech, not least in London, Monese is a startup that has pragmatism at its heart. It’s not trying to be an actual bank — in the technical, banking license sense — but does enable immigrants and expats, who might otherwise find it hard to open a bank account outside of their home country, to access core banking services. (more…)

Banks, Fintech news, Global trends, Hotnews

July 29, 2016

From Wall Street to Fintech: Disrupting Traditional VC At Anthemis Group

By Murray Newlands for Forbes

Fintech companies are growing up, the disruption of fintech is still in early stages. The opportunities presented are huge, and the handful of investors who have been at the helm of this disruption since its inception are uniquely positioned to take advantage of what is sure to be one of the financial revolutions of our age. (more…)

Fintech news, Global trends, Influences FinTech

July 29, 2016

372

1MDB: The inside story of the world’s biggest financial scandal

by  for the Guerdian

How a jailed former banker and a lone British journalist broke a story that shook the world (more…)

Fintech news, Global trends, Hotnews

July 29, 2016

Counting down to the bank of Facebook

By Lionel Laurent for Bloomberg

Digital banking start-ups, the shiny new thing to keep sluggish and problem-laden incumbents on their toes, have yet to make a big noise in European finance. They’re too small to threaten existing players’ huge balance sheets, risk-averse customers and high regulatory barriers to entry. (more…)

Banks, Hotnews

July 29, 2016

439

Wellington Hedge Fund Manager Who Backed Fintech Unicorns Is Having A Terrible Year

By Nathan Vardi for Forbes

Nicholas Adams has long been one of the most prominent partners at Wellington Management, the Boston-based firm that oversees $943 billion and is known for being the biggest sub-adviser of Vanguard mutual funds. But Adams works in Wellington’s hedge fund business and he is having a very bad year. (more…)

Deals, Global trends, Hotnews

July 28, 2016

430

How To Rethink Businesses, Ecosystems And Economies Using Blockchains

By Veena Pureswaran, IBM

My family is currently purchasing a new home. One of the painful parts of acquiring a new home, however, is the trail of paper and documents that need to be exchanged, signed and validated. Between mortgage lenders, insurance companies, and government inspections and tests, the process can be lengthy to legally and safely buy a new home. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news, Global trends, Government activities, Hotnews

July 28, 2016

660

Why Are Fintech Startups Focused on Bringing A.I to Finance?

By Joseph Yeung for BTC news

Since 2015, an increasing number of multi-billion-dollar financial institutions such as Goldman Sachs have exhibited their interest in emerging innovative financial technologies and startups. (more…)

Fintech news

July 28, 2016

340

Kookmin Bank and Circle Sign Memorandum of Understanding

Signing such a memorandum of understanding is a big deal for Circle. Kookmin Bank is a member of the South Korean KP Financial Group, and serves over half of Korea’s population
(more…)

Banks, Deals, Fintech news, Global trends

July 28, 2016

399

Paidy lands $15M Series B to simplify buying online in Japan

By Jon Russel for Techcrunch.com

Paidy, a fintech company that makes it easier to buy online in Japan, has closed a $15 million Series B to grow its userbase and invest in new financial products. (more…)

Banks, Deals, Fintech news, Global trends

July 28, 2016

The Rise of #Fintech Asia

By Chris Skinner for his Blog the Finanser

I just spent a weekend in Thailand at the Techsauce Summit.  It was a great conference, and it reminded me of the time I’ve spent in Asia lately.  After the books Digital Bank and ValueWeb were translated into Korean, Chinese and soon to be Japanese, I guess the region is interested in my thinking.  Or maybe it’s more a reflection of the rise of FinTech Asia, the Silicon Dragon. (more…)

Blockchain, Global trends, Hotnews, InspirAsia

July 28, 2016

Citigroup, HSBC Jettison Customers as Era of Global Empires Ends

By Yalman Onaran for Bloomberg
How does a company lose 69 million customers? Just ask Citigroup Inc. (more…)

Banks, Fintech news, Global trends, Government activities, Hotnews

July 28, 2016

631

Fintech threat! Alipay hit $100b in less than a year with zero branches, DBS took 50 years to get...

Ny Joji Phillips for Dealstreet Asia

July 27, 2016:   It has been more than a year since the man who runs America’s biggest bank had warned that Silicon Valley was coming to eat Wall Street’s lunch. (more…)

Banks, Fintech news, Global trends

July 28, 2016

435

Rocket Internet to Develop Banking Services With FinTech Group

By FRIEDRICH GEIGER for WSJ

BERLIN— FinTech Group AG said Tuesday it would create digital banking services in Europe together with Rocket Internet SE. (more…)

Banks, Fintech news, Global trends, InspirAsia

July 27, 2016

Reserve Bank Of India Mobilizes Blockchain & Fintech Initiatives

By Elliot Maras for CCN

In response to the challenges posed by technology, the Reserve Bank of India (RBI) has enacted initiatives to address cybercrime as well as the disruptions caused by the emerging fintech sector, including blockchain technology. (more…)

Banks, India, InspirAsia

July 27, 2016

471

Blockchain could be the sorely needed revolution that Hillary Clinton brings to Washington

By Don Tapscott for QZ

Recently Hillary Rodham Clinton announced her policy initiatives for technology and innovation. She reiterated her support for high-tech education, job creation, and the adoption of a wide range of technologies. What surprised most observers was her call for “public service blockchain applications.” (more…)

Blockchain, Cryptocurrencies

July 27, 2016

392

Smartphone crazy Indians to give a 10X boost to digital payment industry in next four years

By Itika Sharma  for Quartz

Digital payments may be new to India, but the industry is set to grow tenfold in the next four years, thanks to the craze for smartphones. (more…)

Cashless, Fintech news, Global trends, Government activities, Hotnews, Mobile payments/banking

July 26, 2016

386

Can Blockchain Fix Banking?

By Jon Markman for Forbes

A pair of ex-Google employees believe their version of Blockchain can fix banking. That fix is long overdue, since banking is suffering a real crisis at this time. (more…)

Banks, Fintech news, Global trends

July 26, 2016

468

Digital payments in India seen touching $500 billion by 2020

A Google-BCG report says digital payments industry in India will grow 10 times to touch $500 billion by 2020 and contribute 15% of GDP

(more…)

Global trends, Government activities, Mobile payments/banking

July 26, 2016

Mark Carney Has Started A Revolution By Embracing Fintech And Blockchain

By Alex Tapscott for Forbes

In the aftermath of Britain’s referendum vote to leave the European Union, Brexit’s loudest advocates scurried from public view and the political establishment descended into a caustic battle for control. Emerging from the melee was Theresa May, who has a reputation for consistency, if little else. But the UK doesn’t need a caretaker in these uncertain and turbulent times. It needs bold and innovative leadership. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 26, 2016

“Ethereum Classic,” Another Bitcoin Scam

By David Seaman for Huffington Post

Ethereum Classic is, in my view, a total and absolute scam by any traditional financial definition of the word “scam.”

(more…)

Blockchain, Cryptocurrencies

July 26, 2016

362

Florida court proves if you’re a criminal that isn’t using bitcoin, you’re doing it wrong

By Brian Clark for the Next Web

Bitcoin has made millionaires nearly overnight, lost some their life savings, and fluctuates more than a politician during election season, but make no mistake:

it’s not currency, at least to this Florida court. (more…)

Blockchain, Cryptocurrencies, Government activities

July 26, 2016

Chain’s Adam Ludwin On Who Is Best Poised To Benefit From Blockchain Technology

By Laura Shin for Forbes

From the beginning, one of the defining characteristics of Bitcoin has been its decentralized nature. (more…)

Banks, Blockchain, Cryptocurrencies

July 26, 2016