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September, 2017
Archive

207

Ayondo Remains a Private Company after Reverse Takeover Bid Lapses

By Julie Muhn for Finovate

Social trading company ayondo may no longer be the first fintech company to go public on the Singapore stock exchange (SGX). (more…)

Deals, Global trends, Hotnews

September 28, 2017

254

A new map for strategic growth in banking

By Mckinsey Insights

Portfolio strategists need to look beyond economic development when eyeing new investment.

When bank strategists seek new growth or reevaluate their portfolios, the odds of success often look stronger in places where banking penetration is low and opportunities relatively abundant. But not always. (more…)

Banks, Global trends

September 28, 2017

214

Berlin Group launches Public Market Consultation on NextGenPSD2 Standard

On 2 October 2017, The Berlin Group will launch a 6-weeks public market consultation on its NextGenPSD2 Access to Accounts (XS2A) Standard that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services Directive (PSD2). (more…)

Fintech news, Global trends, Government activities

September 28, 2017

174

ABN Amro launches Sustainable Investment Tool

By ABM Amro

From the local florist stall to the large metalworking factory in an industrial park – starting today, all of ABN AMRO’s business clients can go online to see what they can do to make their commercial premises more sustainable. (more…)

AI / Machine Learning / Big Data, Banks, Global trends, Hotnews, Wealth management

September 28, 2017

149

Mobile banking outfit Chime raises $18m

Chime, the leader in mobile banking that helps members avoid fees and automate their finances, today announces $18 million in Series B financing, led by global venture fund Cathay Innovation. (more…)

Hotnews, Mobile-first banks

September 28, 2017

317

Revolut moves into insurance

Revolut users will now be able to insure their mobile phone for as little as £1.00 per week as the innovative fintech launches the first phase of its insurance offering. (more…)

Global trends, Hotnews, Insurance, Remittances

September 28, 2017

196

HSBC moves into open banking

HSBC is testing a platform that lets customers see all of their accounts, no matter who the provider, on one screen. (more…)

Banks, Global trends, Hotnews, Open Source/ API

September 28, 2017

176

Confirmed: Korean crypto exchange Korbit sold to Nexon parent for $80M

By Jon Russel for Techcrunch

The parent company of games giant Nexon has confirmed that it acquired Korea’s second largest cryptocurrency exchange, Korbit, in a deal that values it at just over $120 million. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

September 28, 2017

601

The brand new fancy book about fintech

By Vladislav Solodkiy, Managing Partner at Life.SREDA

Why you should hire an artist to build fintech bank?

The First Fintech Bank’s Arrival

You can buy for 9,99$ on Amazon or download for free on www.ariv.al. (more…)

Global trends, Hotnews, Influences FinTech

September 26, 2017

207

BBVA ports 92% of product portfolio to the mobile

BBVA’s mobile banking strategy is picking up pace, with the bank predicting that virtually its entire portfolio of Spanish banking products will be available as an app-based service by year-end. (more…)

Banks, Global trends, Mobile-first banks

September 25, 2017

I got a golden ticket: What I learned about APIs in my first year at Google

A year ago, I found a job in one of the world’s biggest API companies. You probably know us for Search, Mail, Maps, or any of the dozens of apps that we have in the Android and iOS app stores. Those apps range all the way from delivering YouTube, one of the largest sources of worldwide internet traffic, to fun VR demonstrations about Abbey Road and The Bohemian Rhapsody. We have a lot of apps, and another thing that we do a lot is build data centers.

(more…)

Columns, Global trends

September 25, 2017

298

Digitised Banking is Now… Digital Banking is the Future

By Kunal Patel – Startupbootcamp/Supercharger FinTech Accelerators

The intention of this short article is not to talk about digital banking being the future, we all know it is and will be. I do feel there needs to be a clear distinction between what we’re seeing now, what we’ll see in the future and terminology. (more…)

Fintech news, Global trends

September 25, 2017

154

Elevate Report: Too Many Gen-Xers Lack Financial Stability

Elevate (NYSE: ELVT) is out with a report stating that members of Generation-X, the rapidly aging population that followed the Boomers, born between 1965 and 1980, are facing economic challenges that constantly keep them off balance. Yes, Baby Boomers do suck. They Hoovered up all of the public benefits in a spending party and left ensuing generations (Gen-X and onward) riddled with debt and a government populated by nincompoops. Gen-Xers are enjoying now the impact of the Baby Boomer generated hangover (minus the party the night before). (more…)

Fintech news, Global trends

September 25, 2017

170

Evolution Of Data Structures In Yandex.Metrica

By Scalability

Yandex.Metrica is the world’s second largest web analytics system. Metrica takes in a stream of data representing events that took place on sites or on apps. Our task is to process this data and present it in an analyzable form. (more…)

Columns, Global trends, Hotnews

September 25, 2017

163

How Much Should A SaaS Startup Invest In Sales & Marketing?

By Tomasz Tunguz from Redpoint Ventures

How much should a SaaS startup invest in sales and marketing at different stages of the business? This is a very nuanced question, but benchmarks do provide some guidance for what is reasonable. Sales and marketing investment depends on many different factors including establishing product market fit, the business’s sales model (inside, field, freemium), and not least, cash balance and fundraising capacity. (more…)

Columns, Global trends, Hotnews

September 25, 2017

241

ZhongAn launches insurtech concept to world

Investors excited about idea of merging insurance with big data and internet sales.
ZhongAn Online Property and Casualty Insurance begins trading in Hong Kong this week, launching into public markets a hot emerging asset: the insurance technology, or insurtech, company. The Shanghai-based group, which made a splash in China in 2014 selling quirky insurance products, raised $1.5bn last week, valuing the group at up to $10bn. (more…)

Hotnews, Influences FinTech, InspirAsia, Insurance

September 25, 2017

Deliveroo raises $385M in new funding, now valued at ‘over $2 Billion’

Deliveroo, the London headquartered restaurant food delivery startup, has raised $385 million in new funding, giving it a valuation of “over $2 billion,” according to the company. (more…)

Deals, Global trends

September 25, 2017

205

ABN Amro online lending startup New10 opens for business

ABN Amro is promising credit-worthy small businesses a decision on a loan application in 15 minutes through a home-grown fintech startup, dubbed New10. (more…)

Banks, Global trends, Hotnews, p2p/online lending

September 22, 2017

187

German central bank flags DLT weaknesses

Deutsche Bundesbank has dampened the blockchain hype, dismissing distributed ledger technology’s prospects in retail payments, at least in the eurozone, and pouring cold water on central bank-issued digital currencies. (more…)

Banks, Fintech news, Global trends

September 22, 2017

164

Database provider MongoDB has filed to go public

By Matthew Lynley for Techcrunch

MongoDB, a database software company based in New York, has filed to go public with the Securities and Exchange Commission as it continues to burn a ton of cash despite its revenue almost doubling year-over-year. (more…)

Fintech news

September 22, 2017

1223

Solving the Most Painful Fintech Problem

The Inconspicuous Great Pain of Fintechs and Their Clients: How to Solve It?

According to the Money of the Future research, fintech has been the No. 1 of all venture capital industries for the second year in terms of attracted capital, especially in Asia. However, most of these companies each time face the same problem – KYC and quick customer “landing” during registration.  (more…)

Blockchain, Global trends, Hotnews, Security

September 22, 2017

210

Engaging customers: The evolution of Asia–Pacific digital banking

By Vinayak HV, Stuart Kamp, Sergey Khon, and Gillian Lee for Mckinsey Insights

Consumers across the region are adopting digital banking. Our latest study finds banks must act quickly to take full advantage. (more…)

Analytics, Columns, Fintech news, Global trends, Hotnews

September 21, 2017

158

Monetary Authority of Singapore sets up international advisory panel for cybersecurity

By MAS

The Monetary Authority of Singapore (MAS) announced today that it has established a Cyber Security Advisory Panel (CSAP), comprising cyber security thought leaders from around the world. (more…)

Government activities

September 21, 2017

150

LendingTree Announces Acquisition of SnapCap’s Non-Lending Assets

LendingTree, Inc. (NASDAQ: TREE) announced on Tuesday it has acquired certain assets of Snap Capital LLC, a tech-enabled online platform connecting business owners with lenders offering small business loans, lines of credit and merchant cash advance products through a concierge-based sales approach. (more…)

p2p/online lending

September 21, 2017

147

Ex-Barclays chief Jenkins gets Ping An backing for fintech startup

Former Barclays chief executive Antony Jenkins has raised £34 million in a funding round led by Chinese insurer Ping An to help bring his new fintech startup to Asia, according to the Financial Times. (more…)

Global trends, Hotnews, Open Source/ API

September 21, 2017

Core banking provider Ohpen acquires Fynn Advice

Core banking provider Ohpen has announced its acquisition of FYNN Advice, an implementation consulting company that advises financial institutions on the implementation of core banking systems. (more…)

Banks

September 21, 2017

147

MarketInvoice Celebrates New Varengold Partnership & £1.5B Funding Milestone

By Erin Hobey for Crowdfundinsider

Big news for business finance company MarketInvoice who not only is celebrating a £1.5b funding milestone but has also signed an agreement with Varengold Bank AGto provide £45m funding annually on its invoice finance platform, funding working capital solutions for businesses across the UK. (more…)

Hotnews, SME

September 20, 2017

Want to Really Understand What all the Hype of Cryptocurrency is About?

By Mark Suster from UpFront Ventures for his blog

If you read the headlines you may well think cryptocurrencies are a either a radically new way of paying that is our savior from ossified, corrupt governments or on the other side that they are speculative Ponzi schemes. The reality of course is that cryptocurrencies can be both and can be liberating and corrupting at the same time. (more…)

Cryptocurrencies, Global trends, Hotnews

September 20, 2017

150

JPMorgan Chase invests in Bill.com

JPMorgan Chase has made an undisclosed investment in Bill.com and aims to use its technology to provide a simpler and faster way for businesses to send and receive invoices and payments (more…)

Banks

September 20, 2017

SumUP signs first US ISO partner

By SumUp

NXGEN, a tech company that delivers state of the art payment solutions to merchants globally, announces its newest partnership with SumUp, Europe’s leading financial technology company that is set to become the first ever global card acceptance brand. (more…)

POS/mPOS and online acquiring

September 20, 2017