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…)
By Steven Mellendez for Fastcompany
The company says machine learning and natural language processing can make financial research dramatically more efficient.
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…)
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…)
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…)
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…)
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…)
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…)
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…)
Forget about listening to ourselves. In the age of data, algorithms have the answer, writes the historian Yuval Noah Harari
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…)
In my final deep dive into blockchain use cases, I come to digital identity. Now this is a thorny area for three reasons.
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…)
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.
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…)
By Eric Almquist, John Senior, Nicolas 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…)
Even the father of passive investing has warned of the potential for ‘chaos’ if index funds get too popular
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…)
by Elizabeth “Beezer” Clarkson 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…)
J.P. Morgan Chase & Co. is trying to make the car-buying process easier. (more…)
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…)
By Peter Coy for Bloomberg
The technology would turn a company into a seamless network of coordinated freelancers.
By Sebastian Mallaby for Washington Post
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…)
