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February, 2017
Archive

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Ledger Fever: 95 Bitcoin & Blockchain Startups In One Market Map

By CB Insights

Bitcoin and blockchain companies are popping up in numerous sectors, including financial services, social, intellectual property, and IoT.

Funding to the sector has gone from almost no investment in 2012 to over $500M in each of the past two years. Corporations and their venture arms, especially those in financial services, have entered the fray in large numbers, looking to blockchain and distributed ledger solutions to address pain points that include data reconciliation, clearance, and settlement, among other issues. Major global banks and financial intermediaries are working closely with blockchain companies using the new technology to revamp legacy systems and infrastructure. (more…)

About, Analytics, Blockchain, Cryptocurrencies, Fintech news

February 28, 2017

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The role venture capitalists can play in pairing banks and fintech

By Brian Patrick EhaAmerican Banker

Nigel Morris thinks a lot about language.

A common language — a lingua franca, as Morris calls it — is what allows the former co-founder of Capital One to collaborate effectively with his partners and employees at QED Investors, the Alexandria, Va.-based venture capital firm he founded in 2007. (more…)

About, Banks, Fintech news, Interviews

February 28, 2017

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A Plus for P2P Lending: Investors to Buy Up to $5 Billion in Loans on Prosper

By Julie Muhn for Finovate

The rumors from last August are true. P2P lending giant Prosper announced a deal in which a group of institutional investors has agreed to purchase up to $5 billion in loans on the San Francisco-based company’s platform over the next 24 months. Investors include affiliates of New Residential Investment Corp., Jefferies Group and Third Point, and an entity of which Soros Fund Management serves as principal investment manager. (more…)

Deals, Fintech news, p2p/online lending

February 28, 2017

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mVisa to expand to 10 countries

By Finextra

Visa (NYSE:V), announced that mVisa, its QR-based payment service, now live in India, Kenya and Rwanda, will soon be available to merchants and consumers in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam. (more…)

Cashless, Fintech news, Global trends, Payment systems

February 28, 2017

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The Startup That Wants To Build A Cashless Economy In The Philippines

By Casey Hynes for Forbes

Sixty-nine percent of Filipinos were underbanked as of 2015. But the country also has the fastest-growing smartphone market in ASEAN–not to mention that it’s home to the selfie capital of the world. The combination creates an interesting opportunity for fintech entrepreneurs, and Mark Vernon has taken advantage of it.  (more…)

Fintech news, p2p-payments, Philippines

February 28, 2017

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How can Financial Providers Respond to the Needs of a Changing Customer?

by 

Financial service providers should rethink how they service their customers, in light of changing consumer behaviours and expectations. To track consumer patterns, Accenture Financial Services  Global Distribution & Marketing Consumer Study found that providers who can deliver a compelling new digital service model, as well as retain traditional values around trust and service, will edge out competitors. (more…)

Analytics, Banks, Fintech news

February 28, 2017

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UK & US Fintech Working Group to explore regtech

By Finextra

Innovate Finance, the independent membership association that represents the UK’s global FinTech community, together with its strategic partner Hogan Lovells, is looking at the potentially transformative role that regulatory technology (RegTech) might play in tackling the fragmented US financial environment.  (more…)

Fintech news, Government activities

February 28, 2017

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Technology Startup JAAK Introduces Blockchain For Entertainment And Media Companies

By CryptoCoins News

A London-based startup called JAAK has developed a blockchain for the entertainment and media companies to capture, store and verify metada using both Ethereum and Swarm, according to A Journal of Musical Things. (more…)

Blockchain, Fintech news

February 28, 2017

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How banks are embracing the digital revolution

By Finextra

Modern-day banks want to become digital banking leaders. Customers, competition and compliance are without doubt the three ‘C’s’ fueling this development. The demand for digital innovation is growing rapidly, whilst competition in the financial markets is fierce. Couple these with the stringent regulations being placed on financial firms and it’s clear why so many financial firms are moving to the cloud and digital technology. Indeed, it is one of the safest, most cost-effective and efficient way of managing communications. (more…)

Banks, Fintech news, Global trends, Mobile-first banks

February 28, 2017

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French cashless payment startup PayinTech raises €2.5 million

By TechInAsia

French fintech startup PayinTech, a wearable payment solution focusing on the tourism and leisure sector, announced that it has raised €2.5 million. The round was led by Caisse des Dépôts, which invested €2 million, with participation from previous investors Fa Dièse and CapDecisif. (more…)

Deals, Fintech news, Payment processors/providers/gateways

February 28, 2017

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Payments transformation: How banks can innovate to stay relevant – A Banking Byte event

By Finextra

The payments landscape is changing profoundly and all banks recognise that their payments strategies and technology stacks need to change in response. The drivers for transformation are clear: regulation, notably the revised Payment Services Directive (PSD2), changing customer behaviour, and rapidly evolving technology.  (more…)

Fintech news, Government activities, Open Source/ API, Payment processors/providers/gateways

February 28, 2017

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Financial Markets Expert: Blockchain Will Eliminate Cash

First appeared at CryptoCoins News

Dr. Philippa (“Pippa”) Malmgren, the founder of DPRM Group, a London-based company that helps companies, investors and policymakers better understand how risk and prices move across the economic landscape, said blockchain signals the end of cash during the recent Cayman Alternative Investment Summit. (more…)

Blockchain, Cashless, Global trends, Influences FinTech

February 28, 2017

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R3: ‘Corda Is Not A Blockchain And We Didn’t Say It Was’ As Critics Take Aim

By CryptoCoins News

In a recent blog, “When is a blockchain not a blockchain” R3 noted that its Corda product is a distributed ledger and not a blockchain, and that it was never stated as such. The blog was in response to public comments claiming that R3 has only recently recognized that blockchain technology will not address wholesale financial industry needs. (more…)

Banks, Blockchain, Fintech news, Global trends

February 28, 2017

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How Government Organizations Can Set the pace for Blockchain Technology Adoption

By CryptoCoins News

All types of organizations stand to gain new benefits from blockchain technology, but governments are uniquely positioned to not only gain such benefits for themselves, but to help establish blockchain infrastructure that benefits all business and consumer sectors. (more…)

Blockchain, Fintech news, Global trends, Government activities

February 28, 2017

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Lendit USA Review: Keynote Presentation by Peter Thiel “Developing the Developed World”

by 

An interesting previous Lendit USA Keynote Presentation: Developing the Developed World with entrepreneur and investor Peter Thiel. (more…)

About, Fintech news, Interviews, People of fintech

February 27, 2017

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Online Lending for Students Is on the Rise

By Vladislav Solodkiy for LTP

Online lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online lending businesses and personal financial services. The investment round should include several Asian investors like Japan’s SoftBank and others. The new international group will purchase SoFi’s loans as well as take an equity stake. The fundraising round values SoFi at $4.3 billion, higher than its previous valuation of $3.2 billion.  (more…)

About, Fintech news, p2p/online lending

February 24, 2017

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Auto Loans On Fire: Sizzle Or Big Fizzle In The Making?

By 

While everyone is gearing up for the Oscars, some of us may be in La La Land blithely ignoring smoke coming from the auto industry. This week’s big story is a bit schizophrenic and focused on consumer debt, which may eventually be a fizzle, while the battle rages on in eCommerce amid retail giants, to the chagrin of department stores everywhere. (more…)

Analytics, Fintech news

February 24, 2017

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The future of student banking: Helping, not hindering

By Finextra

Synonymous with attending university in the UK is the student debt this racks up, typically totalling tens of thousands of pounds. From the rising tuition fees (currently at £9,000 a year), to rocketing living costs barely covered by maintenance loans, a recent report by social mobility charity Sutton Trust indicates that students are saddled with an average of £44,000 in debt by the end of their university career. (more…)

About, Analytics, Fintech news, p2p/online lending

February 24, 2017

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Korean Central Bank To Deploy R3’s Blockchain Proof Of Concept

By CryptoCoin News

The Bank of Korea plans to execute the R3 consortium proof-of-concept blockchain technology project. Kim Jung-hyuk, head of the e-finance planning team for the bank’s financial supervisory service, announced the project at the Digital Money 2017 conference, according to EconoTimes. (more…)

Blockchain, Fintech news, Government activities, Korea

February 24, 2017

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Messenger Powers Chatbot Payments For ATB Financial

Today’s eCommerce world keeps getting faster and faster. (more…)

Banks, Bots, Fintech news, Mobile payments/banking

February 24, 2017

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Atom Now UK’s Most Recommended Bank

For the first time since its launch in 1989, First Direct is not the most recommended U.K. bank — it has been displaced by digital-only entrant Atom Bank. (more…)

Fintech news, Mobile-first banks

February 24, 2017

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Bitcoin Near Record Max Amid ETF Hopes

Bitcoin has recovered from its drop in January — and then some. (more…)

Analytics, Cryptocurrencies

February 24, 2017

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FinTech Investment in Australia Increased in 2016; Slumps Around the World

By CryptoCoins News

Analysis has found that investment in Australia’s FinTech startups rose last year compared to the rest of the world.

 

(more…)

Analytics, Fintech news, Government activities, Marketing Report

February 24, 2017

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Bitcoin P2P Lending Platform Bitbond Raises $1.2 Million in Equity Funding

By CryptoCoins News

Bitbond, a German peer-to-peer bitcoin loan platform closed an equity funding round of $1.2 million in new capital as it looks to fuel user growth in potential markets. (more…)

Blockchain, Cryptocurrencies, Fintech news, p2p/online lending

February 24, 2017

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Mastercard joins UI Labs City Digital platform

By Finextra

UI LABS and Mastercard today announced a new partnership aimed at improving the access to and use of urban services, such as transportation.  (more…)

Fintech news, Payment systems

February 24, 2017

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Globe, Alipay, and the Chinese Tourist Trap

By  for Fintech Hong Kong

One weeks ago, Globe Telecommunications announced a new capital infusion from Jack Ma’s Ant Financial and Ayala Corporation into its Globe Fintech Innovations subsidiary (officially, Mynt). (more…)

China, Fintech news, Mobile payments/banking

February 24, 2017

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TravelersBox Arrives at Singapore Airport

By 

Passengers traveling through Singapore Changi Airport can now utilize their unneeded foreign change (or remaining Singapore dollars), using the new TravelersBox kiosks located at the airport. TravelersBox is an innovative fintech company that helps travelers convert their leftover foreign currency, including bills and coins, into digital money with favorite e-Gift cards (iTunes, JD.com, Grab, Tokpedia, Starbucks, Facebook) or e-wallet brands (PayPal and Baidu). (more…)

Cashless, Fintech news, Singapore

February 24, 2017

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Indian FinTech Investments Decline in 2016

By CryptoCoins News

A new report has found that India’s investments in FinTech dropped significantly in 2016 from 2015, indicating what impact a lack of mega-deals can have on a country even though actual deals in India remained steady over the same period. (more…)

Deals, Fintech news, India

February 23, 2017

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Starling releases Open API, talks up marketplace model

By Finextra

UK challenger bank Starling is to release its API to third party developers as it undertakes its first hackathon and prepares for the forthcoming launch of its banking-as-a-service marketplace platform. (more…)

Banks, Fintech news, Open Source/ API

February 23, 2017