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May, 2017
Archive

654

Inside BBVA’s Open API Marketplace

Earlier this week, BBVA launched its API Market, making eight of its APIs commercially available. The launch comes after the Spanish bank worked for more than a year with developers and businesses to determine the optimal delivery for the APIs. (more…)

Banks, Hotnews

May 30, 2017

657

Opportunities for Fintech Startups in Singapore

The “American Dream” was one of those overused buzzwords until a few decades ago. (more…)

InspirAsia

May 30, 2017

923

UK payments market: Contactless cards set to overtake cash in 2018

By Alex Rolfe

Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018, according to a new report. This latest forecast still does not herald the demise of cash – even in ten years’ time it is still expected to make up 21% of all payments. (more…)

Cashless, Hotnews, Mobile payments/banking

May 30, 2017

1057

Regulation tech challenges and opportunities

By Igor Pesin, partner at Life.SREDA

Regulation tech has become famous in 2016 and financial services industries and governments are looking eagerly at 2017. (more…)

Fintech news, Hotnews

May 30, 2017

598

Not even wrong – ways to dismiss technology

By Benedict Evans from A16Z for his blog

There’s a story told of the theoretical physicist Wolfgang Pauli that a friend showed him the paper of a young physicist that he suspected was not very good but on which he wanted Pauli’s views. Pauli remarked sadly “It is not even wrong”. (more…)

Columns, Hotnews

May 29, 2017

591

Startup Best Practices – Choosing Your Startup’s Competitive Strategy

By Tomasz Tunguz from Redpoint Ventures for his Blog

When I was taught Michael Porter’s value chain analysis, I learned to analyze at the industry level. A beer supplier sells to wholesaler sells to distributor sales to retailers sells to customer. But as I went back last night and reread Porter’s Competitive Strategy, I was surprised to learn that Porter’s intended value chain analysis to be used also at the business unit and at the company level. (more…)

Columns

May 29, 2017

704

Alibaba To Lead $1B Investment in Ele.me

Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese food delivery service. (more…)

Deals, eWallets, Hotnews, InspirAsia

May 29, 2017

628

M-Pesa Mobile Banking To Cover More Of Africa

Millions more smartphone users in Africa will now have access to basic banking services like borrowing and saving as the popular mobile financial service platform M-Pesa expands to cover more countries. (more…)

eWallets, Global trends, Hotnews, Mobile payments/banking

May 29, 2017

575

Intuit founder Scott Cook built a US$35B company. This is what he knows about when to listen to criticism

With US$2B+ in assets and investment portfolio that includes eBay, Amazon, and Snapchat, Intuit founder Scott Cook explains their secret (more…)

Columns, Hotnews, Influences FinTech, Interviews

May 29, 2017

491

Did someone cancel the fintech revolution?

Did someone cancel the fintech revolution or has it just been delayed? That’s the question posed by a new report on the UK scene, which argues that new entrants have failed to lure customers from incumbents and that VC money has started to dry up. (more…)

Fintech news

May 29, 2017

520

MoneyLion’s redesigned app gives personalized financial advice and instant access to personal loans

By Ryan Lawler for Techcrunch

Personal finance management app MoneyLion was created to help users save money, reduce debt and improve their credit. Today the app is being updated to provide users with more personalized information about how they can improve their financial health, as well as even faster access to personal loans. (more…)

PFM/PFP services, Wealth management

May 29, 2017

452

Poland Aspires to Become a Fintech Leader in Europe

Coming off a two-day event in Warsaw, FutureTech Congress organizers are reporting that Poland aspires to become a Fintech hub in Europe. (more…)

Banks, Government activities

May 29, 2017

549

Worldpay creates VR payments prototype

Worldpay is experimenting with the use of virtual reality to provide genuine card transactions for users immersed in a computer-generated environment. (more…)

Hotnews, Payment processors/providers/gateways, Payment systems

May 26, 2017

511

Sberbank moves into e-medicine sector

by Sberbank

Sberbank announces closing a transaction to purchase a controlling stake in DocDoc.ru, the leading company on the Russian e-medicine market. (more…)

Banks, Deals, Hotnews

May 26, 2017

496

Earnest Prices $175 Million Securitization Rated by DBRS

Online lender Earnest has closed $175 million in refinanced student loans. (more…)

p2p/online lending

May 26, 2017

495

Singapore Marketplace Lender Capital Match Facilitates S$40M+ in Cumulative Origination

Capital Match announced that it has facilitated over S$40 million in cumulative origination since the start of its operations in 2015. (more…)

Fintech news, InspirAsia, p2p/online lending

May 26, 2017

512

Two of Life.SREDA’s partners are in the top 7 fintech Influencers in Singapore

Slava Solodkiy, managing partner at Life.SRDA, and Igor Pesin, partner and CEO at BaaS.is, are featured in the top 7 most influential Fintech minds in Singapore.  (more…)

Global trends, Hotnews, Influences FinTech

May 26, 2017

489

Naspers leads $5 million round in Coins

By Naspers

Coins, Southeast Asia’s leading blockchain-enabled mobile payments platform, announced today the closing of a $5 million fundraise led by Naspers through its Naspers Ventures division, bringing the total amount raised in its Series A to over US$9.4M. (more…)

Blockchain, Deals, Hotnews, InspirAsia

May 25, 2017

554

Fintech unicorn TransferWise reaches profitability, planning ‘new financial services’

BY Steve O’Hear for Techcrunch.com

What’s more mythical than a unicorn? A unicorn that is profitable. Six years after launch, TransferWise, the London-headquartered international money transfer startup, which was most recently valued at a reported $1.1 billion, has announced that it has finally reached profitability this calendar year and is “cash-generating”. (more…)

Global trends, Influences FinTech, p2p-payments, Remittances

May 25, 2017

570

Indonesia’s second largest telco shuts down its ecommerce site

By Nadine Freischlad for Tech in Asia

It’s part of the telco’s shift in strategy away from launching new business units in-house. Instead, it’s collaborating with experienced partners and focusing on core strengths, he told Tech in Asia. (more…)

Global trends, InspirAsia

May 25, 2017

576

IZettle launches order-and-pay app for independent cafes

By Izettle

Intelligentpos by iZettle, the leading provider of EPOS to the hospitality and retail industry, today launches Order & Pay, a mobile app that lets customers pre-order and pay for products prior to collection. (more…)

Mobile payments/banking, POS/mPOS and online acquiring

May 25, 2017

393

Orchard: Consumer Unsecured Lending Down 44% from 2015 High but Increases from Previous Quarter

By JD Alois for Crowdfund Insider

Orchard is out with their quarterly report and it is pretty interesting. As most people in the online lending industry know, this sector of finance has been going through a bit of a transition in recent months. Orchard has direct access to origination volume to just about everyone so the numbers are pretty definitive. (more…)

Hotnews, p2p/online lending

May 25, 2017

516

Wealthfront now helps users save up for their kids’ college tuition

By Ryan Lawler for Techcrunch

Robo-advisor Wealthfront originally came to market with a product to automate retirement savings, but over time has expanded to provide other financial tools. Today, the company is announcing a new product aimed at helping parents save for their children’s college education. (more…)

Financial Markets / Trading, Wealth management

May 25, 2017

423

JD.com Leading The Way For Drone Delivery

By James Sands for Seeking Alpha

Summary

  • JD.com recently announced a drone delivery network to be implemented in the Shaanxi province in China.
  • The company reported very robust first quarter results for the first quarter of 2017; the stock price is up nearly 60 percent for the year.
  • If implementation of the drone delivery network is successful, it will be a major accomplishment for the newly established JD Logistics unit.

(more…)

Global trends, Influences FinTech, InspirAsia

May 25, 2017

422

We Are Witnessing Brilliant Example of Crowd Intelligence: Sasha Ivanov on ICOs

By Sasha Ivanoff for Cointelegraph

Since the beginning of 2017, we have seen a growth of the ICO market, with ICOs becoming more reckless. (more…)

Blockchain, Cryptocurrencies, Global trends

May 25, 2017

593

The Bustling IPO Market Of 2017

By Tomasz Tunguz from Redpoint Ventures

Five months into 2017 nine venture-backed technology companies have gone public compared to 14 in 2016. Four consumer companies and five enterprise companies have popped on average 29% since their IPO pricing. Only two, Carvana, an online used car dealer, and Netshoes, a Brazilian ecommerce company have traded down from their IPO pricing. The other seven have demonstrated the broad public investor demand for new offerings. (more…)

Columns, Global trends, Hotnews, Influences FinTech

May 24, 2017

568

How hard is it to build a digital insurer?

By Artjom Kartaschow for his blog

At least 10 teams in Germany are currently trying to build a new fully digital insurer. Among them are for example the startup Ottonova from Munich or the Finleap Venture Element. Other young tech companies secretly work on their ventures. (more…)

Hotnews, Insurance

May 24, 2017

517

Waves Launches Euro Gateway

Waves Platform, a decentralized platform for launching crowdfunding campaigns and issuing digital assets, says it has launched its flagship Euro gateway. The Waves Platform completed its Initial Coin Offering (ICO) in June 2016, garnering more than $16 million (30,000 BTC) and becoming one of the most successful blockchain projects in terms of crowdfunding investment. Waves is said to be the largest Blockchain project in Russia. (more…)

Blockchain, Hotnews

May 24, 2017

544

BBVA launches Open API marketplace

BBVA is making eight of its APIs commercially available to companies, startups, and developers worldwide, enabling the integration of customer banking data with third party products and services. (more…)

Banks, Hotnews, Open Source/ API

May 24, 2017

434

India’s emerging as Asia’s next manufacturing hub. Singaporean firms welcome.

By Pearl Lee for Tech in Asia

On top of the Taj Mahal, India boasts other gems – Mumbai is the finance capital and Bangalore is said to be India’s Silicon Valley. Their steady growth has been led by fast-paced urbanization and high consumption. But the Indian government has plans to transform India’s economy and develop manufacturing capabilities to meet domestic and international demand. (more…)

Global trends, InspirAsia

May 24, 2017