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May, 2017
Archive

Intuit Taps Machine Learning For Freelancer Expense Management

As TechCrunch put it in its Tuesday (May 2) report, expense management for the self-employed “sucks.” (more…)

Fintech news, Global trends, Mobile payments/banking, SME

May 4, 2017

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Alipay rumored to launch mini-app feature soon

By Sheila Yu for TechNode

Alipay, the online and mobile payment platform operated by Alibaba’s Ant Financial, is rumored to be launching its mini-app function next week, competing head-on with WeChat’s mini-app feature. (more…)

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

May 4, 2017

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Today in Data: Western Union’s Mixed Earnings

While Tuesday’s earnings for Western Union were a mixed bag, the overall 2017 outlook remains steady. (more…)

Deals, Fintech news, Global trends, InspirAsia

May 4, 2017

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BNP Paribas signs global Snapchat deal

BNP Paribas is strengthening its ties to Snapchat, signing a global partnership deal with the teen-friendly video sharing platform in an attempt to boost its profile among the millennial generation. (more…)

Banks, Global trends, Hotnews

May 3, 2017

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Barclays opens Europe’s largest fintech site

Barclays has opened an innovation centre in London’s hipster capital Shoreditch housing internal banking and technology teams alongside more than 40 fintech startups. (more…)

Accelerators/Incubators/Labs, Banks, Global trends, Hotnews

May 3, 2017

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API Strategy: Partner API’s

By Dharmesh Mistry – Temenos for Finextra

Like an Extranet, Partner API’s are limited to specific parties, often for a very specific purpose like providing a product / service. (more…)

Fintech news, Hotnews, Influences FinTech, Open Source/ API

May 3, 2017

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Cashplus launches B2B transaction API

Cashplus announces today the launch of its transaction API. Initially this API will enable Cashplus’s accounting partners to support their clients in the SME sector where there is a huge demand for simple, online servicing. (more…)

Credit/Debit/Prepaid cards, eWallets

May 3, 2017

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Mittal and Sumner join MarketInvoice to support growth strategy

MarketInvoice, the world’s largest peer-to-peer online invoice finance marketplace, has announced two senior appointments to its leadership team. (more…)

Fintech news

May 3, 2017

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PrivatBank hands three-year POS deal to Verifone

Verifone (NYSE: PAY), a world leader in payments and commerce solutions, announced that it has been selected as the payment solution and service provider for PrivatBank, the largest acquirer in Ukraine. (more…)

Fintech news

May 3, 2017

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Wells Fargo rolls out mobile on/off switch for debit cards

Convenience and security are driving consumer interest in a digital on/off feature for misplaced debit cards. Wells Fargo is the latest to introduce the feature. (more…)

Fintech news

May 3, 2017

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Fintech, e-commerce, Smart Cities take centerstage in US-Singapore bilateral trade meeting

By Kevin McSpadden for e27

High-level US-Singapore policymakers discussed how to use a 2016 Memorandum of Understanding to help facilitate bilateral trade (more…)

Global trends, Government activities, RegTech

May 3, 2017

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Investing In Blockchain Assets Through Hedge Fund: Pros and Cons

By Alicia Naumoff for CCN

Blockchain assets have emerged as a new class of digital assets allowing investors to get rewards at the protocol level. Blockchain assets have lately been going hand in hand with the concept of ICO, which on the one hand represents a quite efficient fundraising instrument for entrepreneurs around the world. On the other hand, it offers the broad public an opportunity to invest into a new business, eventually getting benefits, depending on the success of that business of course. (more…)

Blockchain, Global trends, Hotnews

May 3, 2017

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Yieldify raises another $6M, appoints adtech vet John Giuliani as chairman

By Ingrid Lunded for TechCrunch

As the web becomes an ever more crowded landscape of things battling for your attention, we’re seeing an increase in marketing spend from companies to help capture it, and that in turn is leading to a rising tide for marketing technology startups building solutions to do just that. Today, Yieldify, a London-based company that builds tools to increase conversions on sites and through email campaigns, is announcing a new round of $6 million to continue building out its products. At the same time, it is appointing a new chairman, John Giuliani, an industry veteran who most recently sold his company Conversant to Alliance Data for $2.3 billion. (more…)

Deals, Global trends

May 3, 2017

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DBS Q1 net profit up 1% from a year ago

DBS Group Holdings reported on Tuesday that its net profit for the first quarter ended March 31, 2017 rose to a record S$1.21 billion, up 1 per cent from a year ago. (more…)

Banks, Global trends, Hotnews, InspirAsia

May 2, 2017

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Goldman Sachs Celebrates First Retail Year and Its Online Deposit Platform

By PYMNTS

After a full year in service, Goldman Sachs Bank USA is celebrating its first full year in retail and its online deposit platform’s success. (more…)

Banks, Global trends, p2p-payments, Security

May 2, 2017

Australia Tries Its Hand At E-Invoicing

Electronic invoicing within government entities is a proven way to reduce fraud and wasted federal funds. Research shows countries in South America are leading the charge, while Europe and the United States have lagged behind. (more…)

Global trends, InspirAsia, SME

May 2, 2017

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Cisco to acquire networking tech firm Viptela for $610 million

By Venture Beat

Cisco’s second acquisition in the New Year is another big one. (more…)

Deals, Global trends, Hotnews

May 2, 2017

Crowdfunding site KitaBisa takes down campaign after campaigner used fund to buy iPhone 7, Toyota Fortuner

The campaign on KitaBisa platform was meant to fund a shelter for homeless senior citizens, but netizens questioned its transparency (more…)

Crowdfunding/investing, Global trends, InspirAsia

May 2, 2017

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JD reportedly in talks to invest in Tokopedia, may propel its valuation past US$1B

By Anisa Menur A. Maulani for e27.com

With the investment in Tokopedia, JD will compete directly with Alibaba, which had purchased controlling stake in Lazada last year (more…)

Deals, Global trends, Hotnews, InspirAsia

May 2, 2017

Emirates NBD integrates blockchain tech into cheques

Emirates NBD is embarking on a pilot that will see it use blockchain technology to boost the security of its cheques. (more…)

Blockchain, Deals, Fintech news, Global trends, Hotnews

May 2, 2017

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WeChat maker Tencent opens AI lab in US

By Steven Millward for Tech in Asia

Tencent, China’s US$300 billion tech giant and maker of the popular messaging app WeChat, today confirmed it has opened a lab in Seattle devoted to AI tech. The social media and gaming company also confirmed it has poached Dong Yu, a former principal researcher at Microsoft Research, to head its AI lab. (more…)

Accelerators/Incubators/Labs, AI / Machine Learning / Big Data, Hotnews, InspirAsia

May 2, 2017

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PayPal launches Business in a Box service for SMBs

PayPal has unveiled a new service, called Business in a Box, which brings together a host of tools designed to help small firms start and run their online operations. (more…)

Banks, p2p/online lending, SME

May 2, 2017

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Pangea Money Transfer arrives in Honduras

Pangea Money Transfer, a remittance app built for the mobile user, has expanded its service into Honduras. With this addition, Pangea’s application is now available in six Latin American countries, including Mexico, Colombia, Guatemala, El Salvador and the Dominican Republic. (more…)

Remittances

May 2, 2017

What does the future of banking look like?

Derek White, BBVA global head of customer solutions, takes a tour of the new digital technologies that are set to reshape banking. (more…)

Banks, Fintech news, Hotnews

May 2, 2017

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ItzCash partners with Prabhu Money for Indo-Nepal remittances

ItzCash, India’s largest digital payments company and the leading player in domestic remittances, has further ventured into cross-border remittances through its collaboration with Prabhu Money Transfer India, a leading remittance company in Nepal. (more…)

Cashless, Global trends, InspirAsia, Remittances

May 1, 2017

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JPMorgan formally quits R3

JPMorgan Chase has formally exited blockchain consortium R3, following in the footsteps of fellow titans Goldman Sachs and Banco Santander who split last November. (more…)

Banks, Blockchain, Fintech news, Global trends

May 1, 2017

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Monzo opens doors to community collaboration

Digital challenger bank Monzo has earmarked a dedicated space in its East London headquarters building as a collaborative community room, to host events and test out new ideas with its growing membership base. (more…)

Accelerators/Incubators/Labs, Banks, Hotnews, Mobile-first banks

May 1, 2017

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Open Banking to spark positive change?

The Financial Services industry is gearing up for the impending arrival of two new EU regulations – the Payment Services Directive (PSD2), otherwise known as Open Banking, and the General Data Protection Regulation (GDPR). The deadlines for compliance, 13th January and 25th May 2018 respectively, are likely to be circled on most IT folks’ calendars. Even the impending break-up of the EU will not save those in the City of London as Brexit will likely finalise after these dates. (more…)

Fintech news, Global trends

May 1, 2017

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BNP Paribas Wealth Management launches four new digital platforms

BNP Paribas Wealth Management is launching four digital platforms bringing unique financial, business and lifestyle content to private clients and prospects. (more…)

Banks, Hotnews

May 1, 2017

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Fintech, Investment Activity Rises to $1.5 Billion in Q1’17

U.S. venture capital (VC) investment in fintech companies rose to $1.2 billion in Q1’17, driven by late-stage deals, which reached the highest activity since Q1’16, according to KPMG International’s Q1 2017 The Pulse of Fintech report. (more…)

Fintech news, Global trends, Hotnews

May 1, 2017