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August, 2016
Archive

Paytm Said to Get $300 Million in Funds at $5 Billion Valuation

BY Saritha Rai for Bloomberg 

Indian digital-payments and e-commerce startup Paytm is raising $300 million in a funding round led by Taiwan’s MediaTek Inc. and other investors, more than doubling its valuation to $5 billion, a person with knowledge of the matter said. (more…)

Fintech news, Global trends

August 30, 2016

RBI to regulate P2P lending

By RAGHAVENDRA RAO K for Business Line,

The RBI has proposed that peer-to-peer lending platforms would be regulated as a separate category of NBFCs. (more…)

Banks, Cashless, Global trends, p2p-payments

August 30, 2016

544

This AI Startup Wants To Automate Your Tedious Document Searches

By Steven Mellendez for Fastcompany

The company says machine learning and natural language processing can make financial research dramatically more efficient.

(more…)

Analytics, Fintech news, Global trends

August 30, 2016

How Loyalty Programs Will Shape Mobile Payments

By Brian Yurcan for American Banker

Credit card rewards programs were born in the heyday of plastic and paper. As payments go digital, banks will have to make sure their loyalty programs keep pace. (more…)

Mobile payments/banking

August 30, 2016

414

ANZ Bank ups cloud focus with open networks for fintech collaboration

By Paul Smith for AFR

ANZ Banking Group has upped the ante in its adoption of cloud-based services in order to pursue a more flexible technology strategy, with Netflix-developed software to stop outages and the door left open to collaborate more openly with emerging fintech start-ups. (more…)

Fintech news

August 30, 2016

774

Beware of Blockchain Hype Says Chain CEO

By Jeff John Roberts for Fortune

It’s supposed to be for money. (more…)

Blockchain, Cryptocurrencies, Global trends

August 30, 2016

U.S. Bank Wealth Management Announces Partnership with FutureAdvisor to Offer Automated Investing Capabilities to Clients

By Business Wire

U.S. Bank Wealth Management announced today an agreement with FutureAdvisor to offer automated investing capabilities to clients of its affiliate U.S. Bancorp Investments. FutureAdvisor is an investment advisory firm owned by BlackRock that offers a digital advice platform to enable financial institutions to more effectively serve their clients. The service is expected to be available to U.S. Bancorp Investments clients in 2017. (more…)

Banks, Global trends

August 29, 2016

487

Financial market infrastructures piling into blockchain – WFE

By Finextra.com

More than 84% of trading venues and clearing counterparties surveyed by the World Federation of Exchanges (WFE) are either investigating or actively pursuing the applicability of distributed ledger technologies in financial markets. (more…)

Analytics, Blockchain

August 29, 2016

US banks rebrand P2P payments service to take on Venmo

By Finextra

America’s banks are stepping up their assault on Venmo by rebranding their clearXchange person-to-person payments service to the more consumer-friendly Zelle. (more…)

Fintech news, Global trends, Government activities, p2p-payments

August 29, 2016

854

Mondo becomes Monzo

By Finextra

After sifting through thousands of submissions from the public and rejecting such tempting options as Banky McBankface and Mayonnaise, British app-only challenger bank Mondo has unveiled its new name: Monzo (more…)

Banks, Fintech news, Global trends, Hotnews

August 29, 2016

Does Blockchain Tech Solve Security Problems or Cause New Ones?

By Penny Crosman for American Banker

Blockchain technology is often suggested as an answer to the financial world’s security problems. Banks on the Swift network are being hacked? Put those international wire-transfer instructions on a blockchain. Card-not-present fraud is up? Well then, merchants should just let people pay with bitcoin. Problem solved. (more…)

Blockchain, Global trends

August 29, 2016

Big data, Google and the end of free will

Forget about listening to ourselves. In the age of data, algorithms have the answer, writes the historian Yuval Noah Harari

(more…)

Analytics, Columns

August 29, 2016

U.S. banks want to cut branches, but customers keep coming

By Dan Freed for Reuters

Despite banks’ nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry’s efforts to slim down. (more…)

Fintech news

August 29, 2016

2680

Applying Blockchain to Identity

By Chris Skinner from BB Fund

In my final deep dive into blockchain use cases, I come to digital identity.  Now this is a thorny area for three reasons.

(more…)

Blockchain, Cryptocurrencies, Fintech news

August 28, 2016

1008

Applying Blockchain to Payments

By Chris Skinner from BB Fund

I’ve blogged for over a week about blockchain based developments in Clearing & Settlement and Trade Finance, and will continue for another week talking about the developments in Payments and Digital Identity.  However, at this point, I should clarify that I use the term blockchain as an overall term to describe what is happening.  (more…)

Blockchain, Fintech news

August 28, 2016

1464

Applying Blockchain to Clearing and Settlement

By Chris Skinner from BB Fund

I’ve talked a lot about blockchain, but not much lately about the use cases, of which four stand out in terms of real activity: Clearing and Settlement, Trade Finance, Payments and Digital Identity.

(more…)

Blockchain, Fintech news

August 28, 2016

Why Banks Won’t Be Left Out of Fintech 2.0

By Tanya Macheel for American Banker

The second wave of the fintech boom is here, says David Sica, a principal at venture capital firm Nyca Partners. First came the startups with their ideas, now banks are leveraging those ideas and delivering to customers. (more…)

Banks, Fintech news, Government activities

August 28, 2016

540

The Elements of Value

By Eric AlmquistJohn SeniorNicolas Bloch for HBR

When customers evaluate a product or service, they weigh its perceived value against the asking price. Marketers have generally focused much of their time and energy on managing the price side of that equation, since raising prices can immediately boost profits. But that’s the easy part: Pricing usually consists of managing a relatively small set of numbers, and pricing analytics and tactics are highly evolved. (more…)

Fintech news

August 28, 2016

608

The API for absurdity

By David Lee for Techcrunch.com

Every important technology goes through a hype cycle. (more…)

Banks, Fintech news, Global trends

August 28, 2016

482

Are Index Funds Eating the World?

Even the father of passive investing has warned of the potential for ‘chaos’ if index funds get too popular

(more…)

Global trends

August 28, 2016

399

Believing is seeing

By Economist

IT IS easy to forget that even the most trivial commercial transactions rely on small acts of trust. Laws encourage good behaviour, but states lack the resources to force everyone to be good all the time. (more…)

Banks, Global trends

August 28, 2016

457

Why founders should care where their VCs get their money

by  for Techcrunch.com

Fundraising for a startup is a notoriously stressful process. Vast amounts of ink have been spilled dissecting every aspect of what works when pitching a venture capitalist, and there are countless “tips” out there that promise to help entrepreneurs close deals. (more…)

Analytics, Global trends

August 28, 2016

J.P. Morgan in a Car-Lending Chase

J.P. Morgan Chase & Co. is trying to make the car-buying process easier. (more…)

Analytics, Banks, p2p-payments, p2p/online lending

August 26, 2016

Total Indian FinTech Investments and Segment-Wise Analysis [Infographic]

By LTP

There are around 600+ FinTech startups in India and more than half are more than PowerPoint startups. Out of the 600 FinTech startups in India, around 65+ have raised funding (some of them very recently). There is money pouring in with some big investments to be announced in next two quarters. Also, there have been few good exits. (more…)

Global trends, InspirAsia

August 26, 2016

415

Fintech Groups Will Unite Into Global Hubs

By Reuters

Federation will enable collaboration among groups from more than 20 countries. (more…)

Global trends, Hotnews

August 26, 2016

Fintech Is Changing The Way We Invest

By Nikolai Kuznetsov for Huffington Post

Cashless, Global trends

August 26, 2016

483

How Silicon Valley is Changing the Fintech Space

By Evan Singer for the Entrepreneur

(more…)

Cashless, Global trends

August 26, 2016

This Is Your Company on Blockchain

By Peter Coy for Bloomberg

The technology would turn a company into a seamless network of coordinated freelancers.

(more…)

Blockchain, Fintech news, Global trends

August 26, 2016

416

The dirty little secret of central banking

By Sebastian Mallaby for Washington Post

Given the spectacle of this year’s presidential race, it is easy to overlook the parallel drama in the world of central banking. But when the monetary priesthood gathers Thursday for its annual seminar-cum-summer camp in Jackson Hole, Wyo., heretics will stalk the halls. The proper objective of a central bank is no longer a settled issue. (more…)

Analytics, Banks, Fintech news, Global trends

August 24, 2016

507

Goldman Signs $100 Million Credit Facility For Online Lender Fundation

By Telis Demos for WSJ

The new credit line will help the firm expand its recent partnerships
Another lending upstart has declared that joining banks—rather than beating them—is the way to go. (more…)

Fintech news, Global trends, p2p-payments

August 24, 2016