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July, 2017
Archive

959

Ayondo opens for business in Spain

By Ayondo

Financial technology group ayondo has launched business in Spain with offices in Barcelona and Madrid, marking the group’s development of the third core retail distribution market after Germany and the United Kingdom. (more…)

Hotnews, InspirAsia, p2p/online lending

July 4, 2017

1635

Singapore startup Instarem raises $13m to take remittance business away from banks

By  for Tech in Asia

Cross-border remittances amounted to a whopping US$575 billion last year – the bulk of it going to developing countries as migrant family members sent money home or companies sent payments to workers abroad. (more…)

Hotnews, InspirAsia, Remittances

July 4, 2017

Finextra charts the new payments landscape

Finextra’s European Payments Industry Insights Report tackles key questions about how ready Europe’s payments market participants really are for the unprecedented waves of change about to hit. (more…)

Analytics, Global trends

July 4, 2017

1324

Funding Circle Update: £800M Lent in Last 6 Months, Sean Glithero Leaves Auto Trader to Join as CFO

Funding Circle, a leading lending platform for small businesses, today announced that Sean Glithero will join the company as its new global Chief Financial Officer. This appointment follows a record-breaking first half of 2017 for Funding Circle with approximately £800 million lent to 8,000 businesses across the UK, US, Germany and the Netherlands, with the UK business profitable. (more…)

Fintech news, p2p/online lending

July 3, 2017

1356

Online lending platform gets $3m from Vertex to make a play for Indonesia

By Jack Ellis for Tech in Asia

Singapore-based fintech startup Validus Capital has received US$3 million in funding from venture capital firm Vertex Ventures along with an additional US$600,000 from angel investors, it announced today. (more…)

Deals, Hotnews, InspirAsia, p2p/online lending

July 3, 2017

983

Personal Finance And Insurance Are Oversaturated. Regtech Is The New Opportunity

The least sexy areas of fintech — compliance, fraud, and infrastructure — may be the ones that hold the most potential for future expansion. (more…)

Fintech news

July 3, 2017

1412

RealtyMogul Preps for MogulREIT II, MogulREIT I Has Raised $15.5 Million

By JD Alois for CWI

RealtyMogul.com has filed a new Form 1-A indicating its intent to launch a second MogulREIT using the Reg A+ securities exemption. MogulREIT II intends on raising up to $50 million to invest in multi-family residences targeting a millenial consumer, according to the current Offering Circular. (more…)

Crowdfunding/investing, InspirAsia

July 3, 2017

1828

889

Indian banks failing to grasp the opportunities from demonetisation

Despite the impetus provided by demonetisation, Indian banks remain way behind the curve in tempting customers away from the bank branch to digital channels. (more…)

Deals, Hotnews, InspirAsia

July 3, 2017

913

UK Finance opens for business

UK Finance, a new mega-trade body representing over 300 firms in the UK, opens for business today, taking on the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and The UK Cards Association. (more…)

Government activities, Hotnews

July 3, 2017

814

Banks Face $17B Brexit Bill

The Brexit could cost U.K. banks around $17 billion as they look to reshuffle various activities to different points in Europe, according to a study from the Association for Financial Markets in Europe. The study further notes that those costs will likely act as a weight on bank profits for the next several years. (more…)

Banks, Fintech news, Global trends

July 3, 2017

1767

RBC Global Assetment Management pumps $20 million into innovation lab

RBC Global Asset Management is to invest $20 million to establish an in-house innovation lab, snapping up Toronto-based digital advisory firm Wiser Investments as part of the package. (more…)

Accelerators/Incubators/Labs, Banks

July 3, 2017