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January, 2017
Archive

Spotcap Launches in New Zealand with A$20M from Heartland

By FinSMEs

spotcapBerlin, Germany-based online lender Spotcap is launching New Zealand operations in Auckland and received A$20m in financing. (more…)

Deals, Fintech news, p2p/online lending, SME

January 31, 2017

440

‘Centralized’ blockchain projects are doomed to failure

By Chris Horlacher for American Banker

Last year was an affirmation for people like me who believe the blockchain — the technology that underlays virtual currencies such as bitcoin — works best when it’s decentralized and open.

(more…)

Analytics, Banks, Blockchain, Fintech news

January 31, 2017

590

What the JPMorgan-Intuit Partnership Means for the Digital Financial Ecosystem of the Future

By LTP

Last Wednesday, JPMorgan Chase and Intuit announced that they had found a solution for the “perilous” sharing of banking data through the use of APIs (application programming interfaces). The agreement will allow JPM’s customers to access their account information and plug it into QuickBooks, Mint, and TurboTax financial management applications without having to hand over their bank passwords. (more…)

About, Banks, Fintech news, Payment processors/providers/gateways

January 31, 2017

556

Square to save sellers $350 in processing fees if they use Apple Pay

By  for VentureBeat

Square wants to encourage more usage of Apple Pay, and to do so, it’s cutting some of its fees. The cuts will save businesses up to $350 so they can process more than $12,000 in payments through the mobile payment technology — but only for a limited time. (more…)

Fintech news, Mobile payments/banking, POS/mPOS and online acquiring, SME

January 31, 2017

499

Japan Could See 20,000 Bitcoin Accepting Merchants in 2017

By Samburaj Das for CryptoCoinsNews

As Japan prepares to enforce regulations upon bitcoin exchanges in the country, a development that was encouraged by the local bitcoin industry, the number of merchants accepting the cryptocurrency is expected to quintuple to 20,000 this year. (more…)

Cryptocurrencies, Fintech news, Government activities, Japan

January 31, 2017

549

A look into the future: Here are 5 fictitious insurtech startups that might become the real deal by 2025

By Philipp Kristian for e27

2016 was the year of fintech and insurtech in Asia. Over the course of the year, I spent a lot of my time building insurance value propositions in Asia, delving deeply into the potential future of insurtech in this region. (more…)

Analytics, InspirAsia, Insurance

January 31, 2017

561

Government-Blockchain Relationships Have Been Warming Up Since the Beginning of 2017

By Elena Mesropyan for LTP

The first month of 2017 has been surprisingly fruitful for government-blockchain relationships, given the traditionally cautious approach to anything controversial by the public sector to. In less than a month, a series of actions have been taken by progressive international authorities, central banks and governmental organizations to bring DLT closer to the public rather than simply observing boiling with initiatives private sector. (more…)

Blockchain, Fintech news, Government activities

January 31, 2017

523

Indonesia’s Bank Central Asia bets on fintech with $15m fund

By  for TechInAsia

Indonesia’s Bank Central Asia (BCA) joins the fintech rush with a dedicated US$15 million venture fund.

Nikkei Asian Review on Saturday said: (more…)

Banks, Fintech news, Indonesia

January 31, 2017

741

BNP Paribas takes stake in AI-based compliance startup

By Finextra

BNP Paribas Securities Services has taken a minority stake in Fortia Financial Solutions, a software company which uses artificial intelligence, machine learning and business process monitoring to help the fund industry meet rising compliance requirements and manage mounting volumes of data. (more…)

AI / Machine Learning / Big Data, Banks, Deals, Fintech news

January 31, 2017

588

Australian Federal Treasurer Pushes FinTech Agenda

By CryptoCoins News

Federal Treasurer Scott Morrison has said that the growth of FinTech and the financial sector moving into the digital space has produced a shift in how businesses operate presenting challenges and opportunities. (more…)

Fintech news, Government activities, People of fintech

January 31, 2017

537

Digital Currencies & Blockchain to Be Discussed at IMF Dubai Fintech Summit

By CryptoCoins News

The Dubai Ministry of Finance (MoF) will co-organize a Fintech seminar with the International Monetary Fund (IMF) during the upcoming World Government Summit. Chief among the topics to be discussed are virtual currencies and the applications of blockchain technology and the wider Fintech services space. (more…)

About, Blockchain, Cryptocurrencies, Fintech news, Government activities

January 31, 2017

491

Will Target’s Mobile Payments Play Have A Natural Edge With Millennials?

Target is not the first retailer to go to market with a mobile payments app. Walmart and Kohl’s both made big entrances in 2016 with their respective “Pay” services. But the experts think that, in Target’s case, being third may not be much of an obstacle as it carries a natural advantage with the younger consumers who are most likely to adopt a mobile payments platform to start with. (more…)

Fintech news, Mobile payments/banking

January 31, 2017

484

Ingenico to acquire Indian payment processor TechProcess

By Finextra

Ingenico Group announced today it has reached an agreement in principle to acquire 100% of TechProcess Payment Services Ltd (“TechProcess”), a leading Indian electronic payments services provider from its current shareholders (major global and Indian investors).  (more…)

Deals, Fintech news, India, Payment processors/providers/gateways

January 31, 2017

445

American Express Wants “Full Advantage of Blockchain”, Joins Open-Source Hyperledger Project

By CryptoCoins News

Credit card giant American Express has joined the Linux Foundation-led open-source cross-industry blockchain working group, the Hyperledger Project. (more…)

Blockchain, Fintech news, Payment systems

January 31, 2017

439

BNY Mellon backs plan for blockchain IoT protocol

By Finextra

The Bank of New York Mellon is one of several Fortune 500 firms teaming up with a host of distributed ledger technology startups to work on a blockchain-based Internet of Things protocol. (more…)

Banks, Blockchain, Fintech news

January 31, 2017

508

Square boosts Apple Pay with free processing for small merchants

By Finextra

Beginning today, small businesses across the U.S. will be able to process more than $12,000 worth of Apple Pay payments for free ($350 worth of savings in Square processing costs) by encouraging their customers to pay with Apple Pay.  (more…)

eWallets, Fintech news

January 31, 2017

568

Bitcoin Core Dev’s Blocksize Reduction Proposal Draws Ire from ViaBTC Founder

By CryptoCoins News

Haipo Yang, ViaBTC’s founder and former employee at the Chinese internet giant Tencent, expressed strong criticism in a brief interview with CCN towards Luke-Jr, a Bitcoin Core developer and Blockstream contractor, regarding his proposal to reduce the blocksize to 300kb or, alternatively, for the network to wait another 7 years before an increase of the current 1MB transaction capacity. Yang says: (more…)

Analytics, Blockchain, China, Fintech news, Global trends, People of fintech

January 31, 2017

Currency Capital Receives Growth Capital Investment

By FinSMEs

131Currency Capital, a Los Angeles, CA-based online equipment financing exchange serving owners of small- and medium-sized companies, raised a growth capital funding. 

Lovell Minnick Partners made the investment, which will support Currency Capital’s growth strategies. (more…)

Deals, Fintech news, p2p/online lending, SME

January 31, 2017

594

France Builds its Innovative Power in Global FinTech Upon the Foundation of Talented Entrepreneurs

By Elena Mesropyan for LTP

While political uncertainties in Britain and the controversial situation in the US with the new administration may not be particularly catalytic for local startup communities, they certainly represent an opportunity for other markets to attract ‘fresh blood’. (more…)

Accelerators/Incubators/Labs, Fintech news, Government activities

January 29, 2017

512

‘Unified commerce’ can drive user payment experience and merchant sales

By Melissa Gonzalez for PaymentsSource

The payments ecosystem is vast and the complexity is only heightening, but with the right integration of hardware and software solutions providers can empower retailers to not only improve in-store experiences but enhance data collection and the ability to analyze customer behaviors.

(more…)

Analytics, Marketing Report, Mobile payments/banking, POS/mPOS and online acquiring, SME

January 29, 2017

537

How this blockchain startup plans to tackle restrictions on your e-books and music

By  for TechInAsia

Imagine buying a book from a bookstore and bringing it home. You scribble notes in the margins as you read, and dog-ear the pages you love. You lend it freely to friends. It is yours. (more…)

Blockchain, Deals, Fintech news, Security, Taiwan

January 29, 2017

476

Ethereum at a Crossroad as Corporate Interest Grows

By Andrew Quentson for CryptoCoinsNews

Following the explosion of interest in blockchain technology last year, Vitalik Buterin gave a presentation at the Hyperledger’s technical steering committee in April 2016, explaining how Ethereum could be integrated with the consortium’s protocol or, perhaps, replace it entirely. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 29, 2017

504

PayPal outlook muted on mobile competition, currency trends

By The Business Times

PayPal Holdings Inc offered a subdued outlook on Thursday, as it faced unpredictable currency fluctuations and an increasingly competitive digital payments market. (more…)

eWallets, Fintech news, p2p-payments

January 29, 2017

649

Making a Difference with FinTech – Three Examples

By Elena Mesropyan for LTP

There is enough said about the scale of the FinTech industry, its inclusive agenda and massive surrounding ecosystem, but the real value of this industry is not in millions that are moving around in funding, expansion and acquisition deals. The value is measured in micro-processes, in the real, everyday difference FinTech startups make for small businesses and individuals. (more…)

Analytics, Government activities, Mobile payments/banking, p2p-payments, RegTech, SME

January 29, 2017

745

Chinese Banks Want to Use Blockchain to Combat Fraud

By Fortune

Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. (more…)

Banks, Blockchain, China, Fintech news, Government activities

January 29, 2017

385

Paxful launches virtual bitcoin kiosk

By Finextra

Paxful – a global leader in peer-to-peer bitcoin technology – has launched a new widget, allowing anyone to buy bitcoin worldwide instantly with over 300 ways to pay.  (more…)

Cryptocurrencies, Fintech news

January 28, 2017

513

Citi adds credit card scanning to mobile app

By Finextra

Starting today, U.S. Citi credit cardmembers can scan their cards using their mobile device’s camera when activating in the Citi Mobile App.  (more…)

Banks, Fintech news, Mobile payments/banking

January 28, 2017

542

LendingClub Chairman Launches New Fintech VC Fund

By PETER RUDEGEAIR for The Wall Street Journal 

Nyca Partners, a venture-capital firm founded by veteran banker and LendingClub Corp. Chairman Hans Morris, announced Friday that it raised a new $125 million fund to invest in financial-technology startups. (more…)

Analytics, Deals, Fintech news, p2p/online lending

January 28, 2017

754

How this chatbot powered by machine learning can help with your taxes

By  for VentureBeat

Tax season is around the corner, and for most Americans, it involves dealing with the complex tax code, an accountant, and maybe friends who claim to be tax experts. According to IRS statistics, there were 507 million visitors to the irs.gov website in 2016, a 3 percent increase when compared to 2015. Furthermore, Americans spend 6.1 billion hours and $233.8 billion complying with the tax code. With complexity comes confusion and frustration, leading many taxpayers to turn to tax preparers or tax preparation software. Those who don’t are at a disadvantage because most Americans are unaware of which deductions to consider, dependents to claims, student loan amounts to deduct, or where to file. (more…)

AI / Machine Learning / Big Data, Bots, Fintech news, Government activities

January 28, 2017

409

Insuritas’ Growth Scales with the Popularity of Insurtech

By Finovate

Insurance marketplace solutions company Insuritas released some key growth metrics this week. The Connecticut-based company announced that 2016 marked its third consecutive year of growth. (more…)

Fintech news, Insurance

January 28, 2017