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April, 2017
Archive

524

RegTech, AI Fuel Strong B2B FinTech Numbers

BY PYMNTS

Good news emerged from the U.S. venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 billion, found a new report from KPMG. Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. (more…)

Deals, Fintech news, Global trends, SME

April 28, 2017

364

Chinese Internet Giant Tencent is Developing a Blockchain Platform Called ‘TrustSQL’

By Laster Coleman for CCN

Tencent Holdings Limited, a Chinese investment holding company whose subsidiaries provide media, entertainment, payment systems, the Internet and mobile phone value-added services in China, is developing in its own blockchain platform. (more…)

Banks, eWallets, Global trends, Hotnews, InspirAsia

April 28, 2017

283

TransferWise opens Asian hub in Singapore

We’re excited to announce that we’re launching TransferWise’s Asia-Pacific hub in Singapore. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Remittances

April 28, 2017

297

WorldRemit partners Tigo Money for mobile transfers to El Salvador and Guatemala

Leading digital money transfer service WorldRemit announced today it has partnered with Millicom’s subsidiaries Tigo Money to open up new remittance routes to El Salvador and Guatemala, enabling Salvadorans and Guatemalans abroad to send money transfers instantly to more than one and a half million Tigo Money users in those countries, directly from the WorldRemit app. (more…)

Fintech news, Global trends, Hotnews, p2p-payments, Remittances

April 28, 2017

277

Walmart launches mobile money sending platform

Three years ago this week, Walmart introduced its groundbreaking money transfer service, Walmart2Walmart Powered by Ria, with the goal of bringing customers dramatically lower costs and a simpler money transfer experience. (more…)

Global trends, Hotnews, p2p-payments, Remittances

April 28, 2017

305

UBS moves risk platform to Microsoft Azure cloud

UBS, the world’s largest wealth management firm, has moved its risk management platform to Microsoft Azure cloud technology. (more…)

Banks, Fintech news, Hotnews

April 28, 2017

222

Snapdeal: The story of the rise and fall of an Indian unicorn

In August 2015, Snapdeal founder and chief executive officer (CEO) Kunal Bahl claimed in an interview with an Indian newspaper that his company would topple arch-rival Flipkart from its perch at the top of the Indian e-commerce market. (more…)

Fintech news, Global trends, Hotnews

April 28, 2017

264

India: Paytm plans to invest $1.5b in financial services in next 3 years

By Deal Street Asia

Leading Indian digital payments firm Paytm plans to invest Rs10,000 crore ($1.5 billion) over the next three years to boost its banking and financial services business, said a Press Trust of India report. (more…)

eWallets, Hotnews, InspirAsia

April 28, 2017

273

217

Japanese MegaBank Mizuho Builds Blockchain Trade Finance Platform with IBM

By Samburaj Das for CCN

Japan’s Mizuho Financial Group, subsidiary bank Mizuho and IBM Japan are jointly building a blockchain platform for trade financing. With the blockchain solution, Mizuho is looking at improving supply chain- and trading operations’ efficiency. (more…)

Fintech news

April 28, 2017

247

ATB Financial introduces robot branch workers

The march of the robots continues, as Canada’s ATB Financial hires dancing humanoids to work in some of its Calgary branches. (more…)

Banks, Bots, Global trends, Hotnews, InspirAsia

April 27, 2017

254

TransferWise moves into Asia Pacific with opening of regional HQ in Singapore

By Jon Russel for Techcrunch

TransferWise, the billion-dollar valued startup that reduces the cost of cross-border payments, has taken a big step to globalizing its service after it opened an Asia Pacific office in Singapore. (more…)

Global trends, InspirAsia, p2p-payments, Remittances

April 27, 2017

279

TSB to hook up with fintechs for new mobile app

by TSB

TSB has begun to rollout its new mobile banking app, which is the challenger bank’s first service built by its new ‘Proteo’ IT platform. (more…)

Banks, Deals, Fintech news, Hotnews, Mobile-first banks

April 27, 2017

237

Quovo Raises $10M In VC Funding To Accelerate Growth

Quovo, a data platform providing insights and connectivity for financial accounts, announced Wednesday (April 26) that it has raised $10 million in Series B funding. (more…)

AI / Machine Learning / Big Data, Financial Markets / Trading, Fintech news, Global trends

April 27, 2017

283

BearingPoint invests in Nordic InsurTech startup Tribe

As part of its Ventures activities, BearingPoint has invested in the Oslo-based start-up Tribe. (more…)

Deals, Global trends, Hotnews, Insurance

April 27, 2017

254

Temenos brings Open Banking to core platform

At the 18th annual Temenos Community Forum in Lisbon, 27 April 2017, Temenos (SIX: TEMN) today announces the launch of open banking- and PSD2 -targeted services to facilitate the exchange of value between banks and fintech companies. (more…)

Global trends, Open Source/ API

April 27, 2017

305

Alibaba To Launch Credit Services In Brazil

Chinese eCommerce company Alibaba Group Holding Ltd. has reportedly made plans to open up credit services to the Brazil community. On its website, people in the South American country will be able to finance purchases. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

April 27, 2017

259

Azimo Adds Payments Via Phone Number To Its App

Azimo, the U.K. money transfer startup that has the backing of Rakuten, is reportedly launching a new feature that enables users to easily send money via the app. (more…)

Fintech news, Global trends, Hotnews, Remittances

April 27, 2017

380

Robinhood stock-trading app confirms $110M raise at $1.3B valuation

By Josh Constine for Techcrunch

Zero-fee stock-trading app Robinhood has joined the unicorn club. (more…)

Financial Markets / Trading, Global trends, Hotnews, InspirAsia, Wealth management

April 27, 2017

205

This insurance startup came out of nowhere to raise $50m series A

By Michael Tegos for Tech in Asia

Insurtech firm Singapore Life announced today it has raised a blockbuster US$50 million for its series A round. (more…)

Deals, Insurance

April 27, 2017

Video: ATMs in Singapore get personal with live video support

Ideally, your relationship with your savings bank of choice would comprise mostly of withdrawals, deposits, fund transfers and bill payments, all of which can be done at ATMs, if not online. Sometimes, however, you may require more support than a machine can dispense. (more…)

Banks, Global trends, InspirAsia

April 27, 2017

244

Vantiv to Acquire Paymetric

Vantiv, Inc. (VNTV), a leading provider of payments processing services and related technology solutions for merchants and financial institutions, announced today its agreement to acquire Paymetric, a portfolio company of Francisco Partners. (more…)

Deals, Global trends, Payment processors/providers/gateways

April 26, 2017

261

DBS and OCBC push QR codes for mobile payments

Singaporean banks DBS and OCBC are to introduce QR code-based payments at offline stores in a joint project with national payments processor Nets. (more…)

Banks, Deals, Fintech news, Hotnews, InspirAsia, Payment processors/providers/gateways

April 26, 2017

242

Mizuho to go live with DLT-based trade finance application

Mizuho Bank is preparing to conduct its first live trade financing transactions over a distributed ledger developed in association with IBM. (more…)

Banks, Blockchain, Global trends, Government activities

April 26, 2017

231

Starling Bank To Incorporate Pay By Bank For Online Purchases

By PYMNTS

Starling, the digital bank, has inked a partnership with Pay by Bank, the mobile payment app of Vocalink, to enable users to buy things online. (more…)

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

April 26, 2017

Financial API manager Quovo raises $10 million

Quovo, a data platform providing insights and connectivity for financial accounts, today announced it has raised $10 million in Series B funding. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, Open Source/ API

April 26, 2017

208

Singapore is creating a US$718M innovation fund; will invest up to US$107M in each startup

It is called The Makara Innovation Fund, a joint venture between the Intellectual Property Office of Singapore and local private equity firm Makara Capital Partners (more…)

Government activities

April 26, 2017

222

Korean mobile commerce company Tmon raises $115 million, now valued at $1.2 billion

By VB

Tmon, a mobile ecommerce company based in Korea, has closed a $115 million funding round from new investor Simone Investment Managers, with participation from existing shareholders, including a number of sovereign wealth funds. (more…)

Deals, Fintech news, Global trends, Hotnews

April 26, 2017

534

Spotify acquires Mediachain to develop blockchain technology that matches royalties with rightsowners

By Paul Sawers for VB

Spotify has acquired Mediachain, a New York-based startup behind an open source peer-to-peer database and protocol for registering, identifying, and tracking creative works across the internet. Terms of the deal were not disclosed. (more…)

Blockchain

April 26, 2017

284

Dwolla and Plaid team on tokenised ACH payment integration

Today, Plaid and Dwolla announced a new partnership to offer a fully tokenized ACH payment integration. The partnership makes it possible to tokenize account and routing numbers and authenticate user bank accounts through Plaid and start accepting Automated Clearing House (ACH) payments in minutes with Dwolla’s ACH API. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API, Payment processors/providers/gateways

April 26, 2017