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January, 2017
Archive

927

FinTech Story: Hits and Misses From 2013 to 2016 and the Way Forward

By Amit for LTP

We have watched 35+ FinTech segments through the ups and downs every single day in the last 3.5 years at LTP. We developed a lot of listening tools and an army of analysts to catch everything in FinTech like a radar. Somebody told us that we have one of the biggest team of FinTech market analysts and that could very well be true. In 2016, we developed MEDICI from the data that we collect, and that contains 6000+ FinTech startup profiles and research across segments. It’s my pleasure to share what we learned about FinTech shift by analyzing some of the data and also talking to hundreds of entrepreneurs and FIs in-person in the last couple of years.  (more…)

China, Cryptocurrencies, India, Mobile payments/banking, RegTech, Security

January 10, 2017

658

Blockchain, cognitive computing and cloud to shape future of finance

By The Business Times

Blockchain, cognitive computing and cloud are some of the technologies that will shape the finance industry the most in the digital age, banking and technology chief executives told a financial conference on Monday. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

January 10, 2017

844

574

Crowdfunding platform CoAssets incorporates real estate subsidiary

By JACQUELYN CHEOK for The Business Times

COASSETS, a Singapore-founded startup listed on the Australian Stock Exchange, said on Tuesday that it has incorporated a wholly owned subsidiary, CoAssets Real Estate (Care), as part of the company’s growth strategy. (more…)

Crowdfunding/investing, Fintech news, Singapore

January 10, 2017

670

Honda and Visa Demonstrate In-Vehicle Payments With Gilbarco and IPS Group at 2017 CES

By LTP

– In-vehicle payment experience features secure Visa payment technology

– First proof-of-concept demonstration with fueling pumps and smart parking meters from infrastructure partners: Gilbarco Veeder-Root and IPS Group, Inc.

– Showcasing the simplicity and convenience of mobile payments directly from the vehicle (more…)

About, Cashless, Fintech news

January 9, 2017

555

China Launches a $1.5 Bln FinTech Fund and Adopts to Consumers Going Cashless

By Joseph Young for CoinTelegraph

Chinese consumers are rapidly moving towards non-bank and cashless alternatives, such as Alibaba’s $60 bln financial application Alipay. To cope with the rapid growth rate of its FinTech industry, Chinese state-owned companies launched a $1.5 bln fund to support emerging FinTech startups and technologies. (more…)

Cashless, China, Deals, Fintech news

January 9, 2017

727

SpareBank 1 adds risk-based authentication to Nets 3D Secure programme

By Finextra

The SpareBank 1 Alliance has expanded its cooperation with Nets on 3D Secure to include Risk-Based Authentication (RBA). This solution enables quicker and easier online shopping for SpareBank 1’s personal customers without compromising on security.  (more…)

Banks, Fintech news, Security

January 9, 2017

559

Alternative, Traditional SME Finance Spheres See Growth

The past few years have seen some of the largest changes in the history of small business lending, and that evolution hasn’t been stifled by borders. Across the globe this week, new small business lenders emerged, new data on SME lending rates surfaced and new initiatives to provide small business with access to capital launched — in both the traditional and alternative spheres. (more…)

Analytics, Fintech news, Global trends, p2p/online lending, SME

January 9, 2017

443

Izola Bank selects Finex for digital banking transformation

By Finextra

FINEX Solutions is delighted to announce that it has been chosen by Izola Bank of Malta to transform its digital banking services, and to introduce competitive, omni-channel services to its retail banking and corporate banking customers. (more…)

Banks, Fintech news

January 9, 2017

1089

P2P Fintech Firms see Regulation in Indonesia

By CryptoCoinsNews

Indonesian Fintech companies that facilitate peer-to-peer (P2P) lending in the country have seen new regulation imposed by the Financial Services Authority. Known as the Otoritas Jasa Keuangan (OJK) locally, the government agency regulates and supervises the financial services sector in the country. (more…)

Fintech news, Government activities, Indonesia, p2p-payments

January 9, 2017

517

China Cracking Down On P2P Lending

The first nationwide crackdown on P2P lending in China is underway — and expected to eliminate many of the 2,400 or so leading platforms in the nation. (more…)

China, Fintech news, Government activities, p2p/online lending

January 9, 2017

522

Southeast Asia gets its first Bitcoin startup incubator

By Sainul Abudheen K for e27

At the beginning of the three-month programme, each startup will receive US$50,000 in funding in return for 8 to 15 per cent equity from Satoshi Studios. (more…)

Accelerators/Incubators/Labs, Blockchain, Cryptocurrencies, InspirAsia

January 9, 2017

478

The future is a decentralized internet

By  for TechCrunch

Blockchain technology is quickly expanding beyond bitcoin. While many proponents of bitcoin see the blockchain as no more than competition for existing payment methods or gold, I believe blockchain technology is the harbinger of things the world has never before seen. (more…)

Analytics, Blockchain, Fintech news

January 9, 2017

569

Two former bankers just built an app for migrant workers

By  for TechInAsia

Of the millions of expats in oil-rich United Arab Emirates, the majority are blue-collar workers from countries like India, Pakistan, and Bangladesh. They work in shipping, construction, and retail, making significant contributions to the property and housing boom in the wealthy Gulf emirate. (more…)

eWallets, Fintech news, Mobile payments/banking, Remittances

January 9, 2017

800

567

CashlessIndia – Why Putting Cart Before Horse Will Work

By Ketharaman Swaminathan for Finextra

On the back of the demonetization of high value currency notes in India, the government has been aggressively pushing cashless payments. Trending on Twitter under the hashtag #CashlessIndia, the initiative has attracted criticism from the blogosphere and mainstream media on the grounds that India is not yet ready for digital payments. (more…)

Analytics, Cashless, Government activities, India

January 9, 2017

672

Indian Central Bank’s Research Arm Explores Blockchain Applications

By Lester Coleman for CryptocoinsNews

Financial institutions worldwide are exploring the benefits promised by blockchain technology. The research is moving beyond the hypothetical stage to proof of concept and planning. (more…)

Blockchain, Fintech news, Government activities, India

January 8, 2017

724

Insurers tap cyber security ratings to limit liabilities

By  for Financial Times

New breed of start-ups aims to assess strength of companies’ defences against hackers. (more…)

Insurance, news, Security

January 8, 2017

686

How Mobile Banking Wins the Loyalty of Small Businesses

By LTP

Personal mobile banking has already created a stir, reaching 43% of active users in 2015 (FED). While customers have warmly welcomed this new convenient way of handling daily banking operations, little emphasis is actually made on small businesses. It seems the mobile revolution has yet to reach this market segment. (more…)

About, Global trends, SME

January 8, 2017