When developing a new business, it’s safe to say that there are a few things to consider before launching to the public. Aside from company name and intellectual property, new companies may also want to check into logos currently in use by other businesses. (more…)
By Jason Rowley for Techcrunch.com
Let’s say you randomly selected 1,000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only a few companies remain. (more…)
Payoff has formed a partnership with Chicago-based Alliant Credit Union to help consumers eliminate high interest rate credit card debt. Includes all types of credit cards such as the ones made by cardzgroup.
Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. (more…)
By Kevin Paul Murphy for American Banker
The move to the digital marketplace is no longer aspirational but inevitable for the modern financial enterprise. It is now more accurate to describe a bank as a technology company. But the change in identity means banks must adjust the way they ensure the security of their enterprise. (more…)
With banks and emerging technology companies bringing a raft of new innovations and business models to the industry, Claudio Camozzo and Jan Kupfer, global co-heads of Global Transaction Banking at UniCredit, argue that bank-fintech collaboration alongside a customer-focused approach is essential to seize – and maximise – the opportunities at hand. (more…)
By Elena Mesropyan for LTP
While businesses are catching up with the rise of e-commerce and the mobile-first world, physical interfaces altogether are gradually falling into obsolescence. The year 2017 gives strong reasons to believe that working on the enhancement of the experience with any physical interface could be a wasteful attempt to better feed a horse instead of investing in a car (if we were to use Ford’s terms). (more…)
TransferWise is moving further into traditional banking territory, setting up a ‘borderless’ bank account for businesses that need a multi-currency account for trading in overseas markets. (more…)
Poor business ethics, lack of innovation are key reasons for failure of startups in India: IBM study
By Sainul Abudheen K for e27
Majority VCs surveyed believe that many Indian startups lack pioneering innovation and are prone to emulate already successful global ideas (more…)
By JCB International
JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the signing of a license agreement with Sberbank of Russia, the largest bank in Russia, the Commonwealth of Independent States (CIS) and Central and Eastern Europe. (more…)
Coupa Software, a leader in cloud-based spend management, today announced that it has acquired substantially all of the assets of Riskopy, Inc. (more…)
The Euro Banking Association has issued a new information paper looking into potential benefits and use cases of cryptotechnologies in the context of international payments and more specifically correspondent banking practices. (more…)
Rana el Kaliouby is the co-founder and CEO of Affectiva, an emotion measurement technology company that grew out of MIT’s Media Lab. Rana is giving a talk, The science and applications of the emerging field of artificial emotional intelligence, at the Artificial Intelligence Conference in New York City on June 28, 2017. We recently caught up with Rana to discuss the techniques, possibilities, and challenges around emotion AI today. Our conversation has been edited for clarity. (more…)
BBVA is embedding more deeply with social and messaging networks through a new bot that lets Spanish customers access financial information via Facebook and Telegram, and a tool for making payments from Whatsapp. (more…)
Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. (more…)
Indian mobile wallet giant Paytm is to open its new Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of the Government’s relaxing of restrictions on bank licensing in an effort to boost financial exlusion. (more…)
Fintech is strong in Asia.
- The region retains 40% of all global capital invested in the sector.
- Six out of seven of the largest fintech companies worldwide come from Asia.
- The biggest Asian hubs (Singapore, India and China) are becoming the centres of global fintech innovation and adoption.
Chinese search giant Baidu has had it good. For years, the tech firm has enjoyed a near monopoly of the country’s multi-billion dollar search market. Domestic competitors Sogou and Easou trail behind, each with less than 10 percent market share. Google, its most threatening rival overseas, withdrew from China in 2010, citing hacks by the Chinese government. (more…)