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October, 2017
Archive

497

TOP10 The Most Stupid Predictions (including Bitcoin)

By Slava Solodkiy, Managing Partner at Life.SREDA (more…)

Columns

October 16, 2017

Maybank’s Mobile Banking Sees 91% Increase in Transaction

By Vincent Fong for Fintech News Singapore

Maybank Berhad, Malaysia’s largest bank by assets has seen a 91% spike in transactions for its mobile banking during the first three quarters of 2017. (more…)

Fintech news

October 16, 2017

108

Manifesto of the crypto/ICO-community

By Slava Solodkiy, Managing Partner at Life.SREDA

Stop blaming blockchain/crypto/ICO community – better join&help us! (more…)

Columns, Influences FinTech

October 16, 2017

Gibraltar: Does Statement on Initial Coin Offerings Include New Regulatory Framework?

On September 22, 2017, the Gibraltar Financial Services Commission (GFSC) issued a Statement on Initial Coin Offerings (ICO).   With the GFSC Statement, Gibraltar joined a growing number of jurisdictions that have provided token sale guidance, including, among others, the United States, Canada,  Singapore,  Hong Kong and China. (more…)

Government activities, Hotnews

October 16, 2017

107

10 Fast Growing FinTechs in Singapore

By FintechNews Singapore

IDC Financial Insights unveiled a list of 101 fast growing fintechs in Asia/Pacific (excluding Japan) from 10 major markets – ChinaAustralia and New ZealandSouth KoreaIndiaHong Kong, Singapore, IndonesiaMalaysiaPhilippines, and Thailand. (more…)

Fintech news, Global trends, Hotnews

October 16, 2017

Ayondo Pursues IPO After Reverse Takeover Deal Lapses

By Julie Muhn for Finovate

Here’s a quick update on our report a few weeks back that social trading company ayondowould not be undergoing a reverse takeover (RTO) IPO due to a lapsed bid from Singapore-based property developer, Starland Holdings. Today, ayondo has announced that, despite the bid falling through, it is determined to become the first fintech company to IPO on the Singapore Stock Exchange. (more…)

Fintech news

October 16, 2017

IBM uses blockchain to improve cross-border payments processing

IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive. (more…)

Banks, Deals, Fintech news, Hotnews

October 16, 2017

Monetary Authority of Singapore: DLT is a Natural Platform for Collaboration

Ravi Menon, Managing Director of the  Monetary Authority of Singapore (MAS), spoke about the intrinsic potential of Blockchain or Distributed Ledger Technology (DLT) at the Global Blockchain Business Conference last week in India. Singapore is the leading Fintech hub in southeast Asia and is keen to maintain the title. Blockchain is a key element for the future of financial services. (more…)

Blockchain, Cryptocurrencies, Government activities

October 16, 2017

Amazon vs Alibaba: the R&D spending war

By Steven Millward for Tech in Asia

Alibaba this week announced a big push to do more research and development, ploughing US$15 billion into new innovation over the next three years. Here’s how that stacks up to what Amazon is already doing. (more…)

Analytics, Fintech news, Global trends

October 16, 2017

170

Monte Carlo Simulations Of Inside And Outside Sales Teams In A SaaS Startup

By Tomasz Tunguz from Redpoint Ventures,

Recently, a VP of sales told me about the way he views the dynamic between inside and outside sales. Inside sales is the drumbeat, a highly predictable sales organization whose consistency enables outside sales to swing for the fences. I never heard it expressed quite this way, but I do think there’s some truth to it. To prove it to myself, I ran a Monte Carlo simulation for hypothetical startup. (more…)

Fintech news

October 11, 2017

181

Blockchain Technology’s Applications in Banking is ‘Infinite’: Credit Suisse Banker James Disney

Credit Suisse bank’s global head of software investment banking, James Disney, addressed the applications of Blockchain technology in the banking industry saying, ‘sky is the limit.’ (more…)

Banks, Blockchain

October 11, 2017

178

JPMorgan and Temasek leed $100 million funding round for Bill.com

By Bill.com

Today Bill.com, the largest U.S. business payments network, announced it has secured $100 million in financing with the goal of finally eliminating all paper from business payments. (more…)

Deals, Fintech news, Global trends, Hotnews, Payment processors/providers/gateways

October 11, 2017

152

Wells Fargo expands fintech banking team

By Wells Fargo

Wells Fargo Corporate Banking announced today that it has expanded its financial technology banking team to better serve financial products and services companies that rely on new technology. Charles “Chuck” Silverman, a 25-year company veteran, has been named head of the expanded Financial Technology (FinTech) Group. (more…)

Banks

October 11, 2017

MarketInvoice Reports Record Invoice Demand During Q3: Proud to Support UK Businesses

By MarketInvoice

Business finance company MarketInvoice observed record quarterly demand for invoice finance from UK businesses in Q3 2017. £196.2m worth of invoices were funded in the quarter, of which £74.1m was funded in August alone – a record month for MarketInvoice, providing UK businesses with critical working capital. (more…)

Fintech news, Global trends, Hotnews, Security

October 11, 2017

134

Temenos wins “material deal” with Santander’s Openbank

By Temenos

Further to the press release issued on 9th October 2017 announcing a global tier 1 bank had selected Temenos Core Banking, Temenos (SIX: TEMN), the software specialist for banking and finance, can today confirm that Openbank, the digital bank of Santander Group, has selected Temenos Core Banking to be implemented as Openbank’s new core banking solution for retail and SME banking across its global operations. (more…)

Banks, Hotnews

October 11, 2017

Marketplace Lender LoanBook Partners with Sage in Spain

LoanBook, a large SME marketplace lender based in Spain, has formed a new partnership with Sage, a market-leader in cloud accounting, payroll and payments software, to offer Sage’s Spanish customers a direct, in-product channel to alternative finance options. (more…)

Hotnews, p2p/online lending

October 11, 2017

138

Ripple: The Most (Demonstrably) Scalable Blockchain

This is a guest post by Mark Travis for high Scalability, Performance Engineer at Ripple.

Ripple’s XRP Ledger is a blockchain-based payment network that transfers funds between any type of currency within a few seconds with average transaction costs of a fraction of a penny. The core of this peer-to-peer network is an open source C++ application called rippled. Ripple’s goal is to supplant the world’s existing legacy payment networks. As such, scalability is a continuous goal. This document describes how the rippled team has integrated performance engineering into its development processes, and how this has contributed to throughput gains of over 1000%. (more…)

Blockchain, Cryptocurrencies

October 11, 2017

Small business lending in Mexico gets a boost

By Jonathan Shieber for Techcrunch

Micro-lending and small business financing are a critical component of economic growth in around the world, and the need for access to low-cost capital is especially important in developing countries. (more…)

Global trends

October 9, 2017

186

ING invites aspiring entrepreneurs to ‘Test Your Idea’

ING in Poland has launched a new online tool which enables entrepreneurs to test out their business ideas with a target group of prospective users. (more…)

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

October 9, 2017

166

BBVA passes 15 million mobile customers milestone

By BBVA

BBVA now has more than 15m mobile active customers across its global footprint, as its digital strategy continues to prove a success. (more…)

Banks, Fintech news, Global trends

October 9, 2017

115

DBS launches treasury management simulation tool

By DBS

DBS Bank, Asia’s leading digital bank, today announced the launch of the world’s first online treasury and cash management simulation tool for CFOs and corporate treasurers. (more…)

Banks, Hotnews

October 9, 2017

205

Malaysian Central Bank Close to Deciding On Digital Currency Regulations

By Lisa Froelings

The Malaysian central bank, Bank Negara Malaysia, has yet to make a decision on how to effectively regulate the use of digital currencies in the country, according to local reports. One of the options being considered by the bank is the possible ban of virtual currencies. (more…)

Government activities

October 6, 2017

Temenos Teams Up with MuleSoft to Accelerate Open Banking

 

 

(more…)

Banks, Fintech news, Global trends, Open Source/ API

October 6, 2017

158

Inside the Meteoric Rise in ICOs

from Medium

Initial Coin Offerings (“ICOs”) have quickly grown to account for more startup funding in blockchain-based companies than all of Venture Capital. Nearly $2.3 billion has been raised to date in ICOs, with the large majority of that taking place in the first half of 2017. (more…)

Blockchain, Cryptocurrencies

October 6, 2017

168

IoT Predictions: Which IoT Segments Will Succeed?

By Calum McClelland – Director of BD @Leverege

There are no universal, drag-and-drop or plug-and-play IoT solutions right now.

(more…)

Fintech news, Global trends

October 6, 2017

145

Choosing the most effective payment methods for online casinos

Over the past five years or so, online casinos have become little less than a global phenomenon. While the UK is very much seen as the “home” of the sector, there are new online casinos appearing across Europe almost every day. Interestingly, the global nature of the industry does not stop there, however. (more…)

Payment processors/providers/gateways

October 6, 2017

1986

Singapore is on the way to blockchain-based digital KYC

Igor Pesin, Life.SREDA VC

In “Identity is the New Money”, Dave Birch, a founding director of the specialist consultancy Consult Hyperion, lays out the extraordinary change in how we think about both identity and money that new technologies — especially mobile phones — are making possible. “We need intermediaries to manage, and money is one of them. If, however, technology gives us back that shared memory, then we don’t need intermediaries to enable transactions. It becomes what some people call a “reputation economy”.” And this reputation can be broken if we can’t create new tech advanced solutions to keep our personal data really safe. (more…)

Hotnews, Influences FinTech, Security

October 5, 2017

157

Kyber Network : Investment Analysis

From VerthagOG Medium blog

Kyber Network is an on-chain protocol instant exchange & conversion of digital assets and cryptocurrencies with high liquidity. (more…)

Fintech news

October 5, 2017

189

Blockchain Startups VCs Should Invest In

By Ali Tahmaseb for his blog. Entrepreneur in silicon valley — founder @ blocks. TEDx Speaker. Featured in BBC, Forbes, Guardian. Algorithmic trader of stocks as hobby. 

Recently I did some research on blockchain, the science behind it, the applications of blockchain in the financial sector as well as other sectors. I then identified the different types of startups that can be formed (or are formed) based on blockchain in the infrastructure level, application level and ecosystem level. I published my findings here. (more…)

Blockchain, Columns, Global trends, Hotnews

October 5, 2017

159

Adyen rolls out Alipay in stores worldwide

By Adyen

Adyen, the payments platform of choice for the world’s leading companies, today expanded its partnership with the world’s largest third-party mobile and online payment platform, Alipay, to enable retailers worldwide to easily accept non-cash payments from Chinese customers in store. (more…)

Hotnews, Payment processors/providers/gateways

October 5, 2017