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December, 2016
Archive

825

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

684

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

784

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

617

Fintech in Singapore: Top Highlights of 2016

By 

2016 was an important year for Singapore as the city-state moves further to become a leader in fintech. Ranked as the second leading fintech hub in the world by Deloitte, Singapore has made financial technology one of its top priorities. (more…)

Blockchain, Fintech news, Global trends, Government activities

December 28, 2016

645

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

Top Fintech Events in 2017 To Look Forward To

By 

From Hong Kong to Singapore or even USA, let’s take a look at some upcoming fintech events in 2017, picked by Fintech News Singapore. (more…)

About, Fintech news

December 28, 2016

537

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

559

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

605

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

585

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

540

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

356

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

609

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

854

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

477

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

320

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

383

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

598

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

439

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

827

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

581

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

329

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

431

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

12388

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

682

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

381

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

634

Peer-to-Peer Lending in Vietnam

By 

Access to and use of formal financial services is low in Vietnam compared with other countries in the region, with only 31% of all adults having formal bank accounts in 2014, according to the World Bank. (more…)

Crowdfunding/investing, Fintech news, p2p/online lending, Vietnam

December 26, 2016

780

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

413

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

346

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