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December, 2016
Archive

1420

Xiaomi-Backed Online Bank Opening In China Soon

A Xiaomi Inc.-backed Chinese online bank is gearing up to launch soon following on the heels of establishing the bank. (more…)

China, Fintech news, Mobile payments/banking, Mobile-first banks

December 28, 2016

1269

BNP Paribas re-opens fintech accelerator

By Finextra

BNP Paribas has embarked on an Open Innovation and joint creation initiative with fintechs with a view to building the bank of tomorrow, the basic aim being to provide customers with an ever-more-satisfying and secure banking experience. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news

December 28, 2016

1504

Alternative SME Finance Just Might Survive In 2017

Earlier this month, marketplace lending site Biz2Credit released the findings of its most recent small business lending index. The data revealed that SME loan approval rates at big banks were at an all-time high, hitting 23.7 percent in November. Small banks saw their loan approval rates tick up, too, to 48.8 percent. Meanwhile, approval rates among alternative lenders sunk down, a finding that Biz2Credit CEO Rohit Arora said could be a sign of negative times ahead. (more…)

Fintech news, p2p/online lending, SME

December 28, 2016

1546

PaidUp helps Philippine SMEs crowdfund working capital from customers

By Sainul Abudheen K for e27

PaidUp is the story of a journalist who came to the Philippines to do a feature on social entrepreneurs; Eventually, he became an entrepreneur himself (more…)

Fintech news, Mobile payments/banking, Pre-order services, SME

December 28, 2016

1087

Payment companies eye Africa’s regional pain points

By Cheryl Winokur Munk for Payments Source
Though cash remains the most prevalent form of payment in Africa, some companies are setting the wheels in motion for a much-anticipated e-commerce revolution.

(more…)

eWallets, Fintech news, Mobile payments/banking

December 28, 2016

1135

China: Citic Goldstone, Huagai Capital back $29m Series B in Tiger Brokers

By Tomas S. Noda III for Deal Street Asia

Tiger Brokers Co, a Beijing-based online brokerage company, has raised up to $29 million (RMB 200 million) in a Series B funding round participated in by Citic GoldStone Fund Management Co Ltd, and Huagai Capital. (more…)

About, China, Deals, Financial Markets / Trading, Fintech news

December 28, 2016

1581

India: Fintech is no more the new kid on the block

By Vivina Vishwanathan for Deal Street Asia

Year 2016 was not as glamourous as 2015 was for fintech in terms of interest from investors. According to start-up data analytics provider Tracxn, investments in 2016 were $484.79 million, compared with $1.18 billion in 2015. One of the reasons is that the 2015 numbers include money raised by Paytm in 2015. (more…)

Analytics, Cryptocurrencies, Deals, eWallets, India, Payment processors/providers/gateways

December 28, 2016

1278

Polychain Capital Raises £10M in VC Funding

By FinSMEs

Polychain Capital, a San Francisco, CA-based manager of a hedge fund which invests in a diversified portfolio of blockchain tokens, raised £10m in vc funding. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news

December 27, 2016

1075

Lender Argon Credit Files For Bankruptcy

Argon Credit, the Chicago online lender, reportedly filed for bankruptcy protection last week, with negative implications for Ranger Direct Lending Fund of the U.K. (more…)

Fintech news, p2p/online lending

December 27, 2016

968

Goldman, KKR Among Heavyweights Drawn to India’s Growth in Nonbank Lending

By Shefali Anand for The Wall Street Journal

India is seeing a surge in lending from financiers outside the banking system, a development that has attracted the attention of global players including KKR & Co. and Goldman Sachs Group Inc. (more…)

Banks, Deals, Fintech news, India, p2p/online lending

December 27, 2016

1114

South African Fintech Firm to Launch Blockchain-based Identity Verification in 2017

By Rebecca Campbell for CryptocoinsNews

South African fintech company ThisIsMe (TIM), which focuses on identity verification, has announced that it will be adding blockchain technology to boost its services and is expected to go live in 2017. (more…)

Blockchain, Fintech news, Security

December 27, 2016

1885

Mobile Payments: The Merchants Dilemma

By Arnab Sengupta for Finextra

Where we are today

Things have not really caught up since the launch of Apple Pay and the subsequent introduction of Samsung Pay in the market. (more…)

About, Analytics, Mobile payments/banking, POS/mPOS and online acquiring

December 27, 2016

1173

Why chatbots will disappoint and messaging will thrive in 2017

By  for VentureBeat

The year 2016 was pretty messy by all accounts — just look at what John Oliver has to say about it. Between Harambe, Brexit, Bowie, the American election, a Syrian refugee crisis, shootings, and, of course, the New York Jets missing the playoffs, it’s safe to say that many of us are looking forward to 2017. (more…)

AI / Machine Learning / Big Data, Analytics, Bots, Global trends

December 27, 2016

1096

Here’s what Southeast Asia can learn from India’s tryst with cashlessness

By Adhil Shetty for e27

When we talk about the future of money, we invariably come to discuss the merits and demerits of going cashless. It’s perhaps a science-fiction-like scenario wherein all your transacting needs are taken care of by a few taps on your smartphone. (more…)

Cashless, Global trends, India, InspirAsia, Marketing Report, Mobile payments/banking

December 27, 2016

1001

ICOs and the Consumer-Side Impact of DLT

By Aman Trivedi for LTP

Over the past two years, distributed ledger technology (DLT) has seen tremendous interest by investors and financial institutions alike. There have been numerous variants of the technology coming up, both on the enterprise and consumer side. (more…)

About, Blockchain, Cryptocurrencies, Deals

December 27, 2016

1400

Here’s how hot fintech got in Asia in 2016

By  for TechInAsia

2016 was the year fintech became legit in Asia. Startups and entrepreneurs have fought in the financial technology trenches long before 2016. But this was the year everyone from big banks to governments started paying attention. (more…)

China, Deals, Fintech news, Global trends, InspirAsia, Marketing Report, Singapore

December 27, 2016

1284

Do or die: Robo-advice & Psychometry What drives wealth management winners in 2020?

By Diederick Van Thiel for Finextra

The wealth management challenge

The high net worth individual population globally grew to 15.36 million people in 2015. The global assets under management also grew to $ 58.7 trillion. Private banks globally however  experience a disruptive change in their markets. (more…)

AI / Machine Learning / Big Data, Bots, Fintech news, Global trends, PFM/PFP services

December 27, 2016

1739

What’s in Store for RegTech in 2017?

By Anshu Dubey for LTP

RegTech has been a famous buzzword in 2016 and the industry – banking and FinTech alike – is looking eagerly at 2017. RegTech is comparatively a new term used in FinTech to describe a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative technology. (more…)

Fintech news, Global trends, RegTech

December 26, 2016

1382

Payments 2016: The Year Of Clarity For The Payments Sector

By PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. (more…)

Fintech news, Global trends, Marketing Report, Payment processors/providers/gateways

December 26, 2016

966

Private POCs, Permissioned Ledgers and Patents in Blockchain

By Mohan Krishnan for Finextra

As we near the end of 2016, Banks continue to form Blockchain consortium groups to develop platforms and test this technology, the most prominent being R3CEVHyperledger Project and the like. While we mull over the exits from R3 & from other consortia, there are new ones formed (ChinaJapanRussia). (more…)

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

December 26, 2016

1393

Y Combinator-Backed Nigerian FinTech Startup Paystack Closes on $1.3M Seed

By LTP

San Francisco, USA – Monday 19 December 2016 – FinTech startup, Paystack, announced that it had closed on a seed investment of $1.3M from international investors Tencent, Comcast Ventures and Singularity Investments, with participation from Spark, M&S Partners, Tokyo Founders Fund, Blue Rinc Capital, Pave Investments, KIBS-CFY Partners, Michael Siebel, Justin Kan, Olumide Soyombo, Leonard Stiegeler and a number of Angels. (more…)

Deals, Fintech news, Payment processors/providers/gateways

December 26, 2016

17761

Alibaba, Baidu and Tencent and Their New Online Banks

By Deng Yuanyuan for CKGSB Knowledge

A new breed of online banks promoted by tech companies like Alibaba and Tencent is taking root. Will they be able to hold their own against traditional banks?  (more…)

China, Fintech news, Government activities, Mobile-first banks

December 26, 2016

1527

The Top Financings And Partnerships In Insurance Tech — 2016 Recap

By CB Insights

From the rise of insurers starting strategic venture arms to a record amount of early-stage deal activity to new partnerships in smart home, distribution, and elsewhere, it’s been a busy year in the world of insurance tech. (more…)

Deals, Fintech news, Global trends, Insurance

December 26, 2016

947

Atom Tickets app to add Chase Pay

By Kate Fitzgerald for Payments Source

Atom Tickets, a Santa Monica, Calif.-based mobile movie ticket app maker, will enable users to pay via Chase Pay early next year, as JPMorgan Chase & Co. spreads its digital payments solution beyond brick-and-mortar merchants. (more…)

eWallets, Fintech news, Mobile payments/banking

December 26, 2016

2133

Malaysia’s CIMB Bank using Mastercard’s tech for digital wallet

By Kate Fitzgerald for Payments Source

Malaysia-based CIMB has launched a digital wallet through an integration with Mastercard’s Digital Enablement Service that supports mobile payments on Android handsets. (more…)

Banks, Fintech news, Malaysia, Payment systems

December 26, 2016

955

A P-to-P model taps into anti-bank sentiment as a differentiator

By John Adams for Payments Source

The growing number of P-to-P payment options, including Zelle and Venmo, typically rely on a link to a full-featured bank account to fund transfers. ChimpChange is looking at a different audience. (more…)

Fintech news, p2p-payments

December 25, 2016

899

Wells Fargo leads funding round for blockchain startup

By Tanaya Macheel for Payments Source

The blockchain startup Axoni has raised $18 million in a Series A funding round led by Wells Fargo and Euclid Opportunities, the fintech investment business of the interdealer brokerage ICAP. (more…)

Banks, Blockchain, Deals, Fintech news

December 25, 2016

1432

Tech, Media & Telecom More Aggressive Blockchain Investors than Financial Services

By Justin OConnell for CryptocoinsNews

When Bitcoin first became popular, much mainstream coverage focused on its illicit uses. Then a revolution in thought led people to understand the less sinister benefits of Bitcoin, and namely its underlying technology, the blockchain. (more…)

About, Blockchain, Global trends, Marketing Report

December 25, 2016

934

The World’s Biggest Hedge Fund is Embedding Its Founder’s Brain in an Algorithm

By David Z. Morris for Fortune

The Wall Street Journal reports that Bridgewater Associates, a hedge fund with $160 billion under management, is developing a system to automate the management philosophy of its founder, Ray Dalio. (more…)

AI / Machine Learning / Big Data, news

December 25, 2016

904

Emirates NBD launches financial literacy mobile simulation game

By Finextra

Emirates NBD, a leading bank in the region, has launched a brand new edutainment mobile simulation game, ‘Banki’ in its efforts to promote financial literacy in the UAE.  (more…)

Banks, Fintech news

December 24, 2016