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May, 2018
Archive

12 Top Crypto Influencers Share Thoughts on the Future

By Matt Ward Angel Investor,

The internet is filled with spammy top 10 lists. Unfortunately clickbait seems to be all anyone is interested in publishing.

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Cryptocurrencies, Fintech news, Global trends

May 31, 2018

How Much Should You Raise in Your VC Round? And What is a VC Looking at in Your Model?

By Mark Suster from UpFront Ventures for his blog

There’s a quick litmus-test conversation any early-stage VC will have with the founder and it’s one that you should be as prepared for as your elevator pitch. It goes something like this …

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Global trends, Influences FinTech

May 31, 2018

430

Starling seeks new funding; dumps TransferWise

UK challenger Starling Bank is reportedly in the early stages of raising £80 million in new funding as it rounds out its business banking offering and competes for a £120 million grant from the RBS bail-out fund. (more…)

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

May 31, 2018

349

Allianz leads £40m funding round in Moneyfarm

Digital wealth manager Moneyfarm has got £40 million in a Series B funding round – meaning it has secured close to £60 million in capital so far. (more…)

Insurance

May 31, 2018

Digital bank Lidya lands $6.9m funding

Nigeria-based digital bank Lidya landed a fresh round of funding, reports Julie Muhn at Finovate. The bank pulled in a Series A round totaling $6.9 million, an amount that marks the round as one of Nigeria’s largest tech investments. (more…)

Fintech news, Global trends, PFM/PFP services

May 31, 2018

346

Form3 and Mambu unveil real-time cloud payments

Cloud payments platform Form3 has joined forces with Software-as-a-Service (SaaS) banking engine provider Mambuto launch a cloud-native and pre-integrated payments processing service. (more…)

Fintech news, Global trends

May 31, 2018

Personal finance app Fintify readies for UK-India launch

UK-based cross-border personal finance app Fintify is preparing to launch into beta as it aims for the non-resident Indian (NRI) market. (more…)

Fintech news, Global trends, PFM/PFP services

May 31, 2018

UK challenger bank Starling seeks £80m funding

UK challenger bank Starling is looking to raise £80 million in its latest quest for funding – and it has ended its relationship with TransferWise(more…)

Banks, Mobile-first banks, Payment processors/providers/gateways

May 31, 2018

Deutsche Börse cuts 350 jobs to invest €270m in fintech

So many plansDeutsche Börse is cutting jobs to spend big on fintech with a €270 million funding plan to invest in blockchain, big data analyses, cloud computing, robotics and artificial intelligence (AI).

 

 

 

 

There are no specifics yet as the money will be used to “enhance efficiency in the existing businesses” or “boost profits”. (more…)

Fintech news, Global trends

May 31, 2018

358

ABN Amro deploys financial coaches to turn silver surfers onto mobile banking

The silver surfers are on the rise, with 90% of ABN Amro’s customers over the age of 65 using internet banking, although just a quarter access their accounts via mobile phones. (more…)

Banks, Fintech news, Global trends

May 30, 2018

498

Goldman Sachs leads $250m Tradeshift funding round

Supply chain finance outfit Tradeshift has joined the unicorn club after closing a $250 million Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board. (more…)

Banks, Fintech news, Global trends, Hotnews

May 30, 2018

Raiffeisen Bank selects Fico for digital account origination

By Fico

Raiffeisen Bank will use new customer onboarding technology from analytic software firm FICO to increase its digital lending capabilities in Romania. (more…)

Banks, Fintech news

May 30, 2018

458

Ant Financial signs third Chinese bank technology deal

Ant Financial, the financial services spin-off of e-commerce giant Alibaba, has added another string to its bow, signing its third deal this month as a strategic technology supplier to the Chinese banking industry. (more…)

Global trends, Hotnews

May 30, 2018

338

Acorns Has More Than 3.5M Customers, 100,000 For Retirement

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Global trends

May 30, 2018

293

PayPal acquires AI predictive retail startup Jetlore

Payments provider PayPal today announced plans to acquire Jetlore, a San Mateo-based startup that specializes in artificial intelligent retail systems, for an undisclosed sum. (more…)

Global trends, Payment processors/providers/gateways, Payment systems

May 30, 2018

Intesa Sanpaolo collaborates with OurCrowd for funding SMEs and startups

By Intesa,

Intesa Sanpaolo Innovation Center, subsidiary of the Intesa Sanpaolo Group that promotes innovation development processes and plans, and OurCrowd, a world leader in equity crowdfunding and a fast-growing Venture Capital platform, announced today that it has signed a Memorandum of Understanding with the aim to promote startup access to international capital markets. (more…)

Banks

May 30, 2018

605

Utility vs Security: New $10 trillion tokenisation wave approaches?

By Alexey Shadrin, CEO at EverCity

Wild West crypto days are over. We knew that for a while now, but this week regulatory bodies all over the world came cracking down on ICOs with a series of anti-fraud investigations. Seems like it’s time to play safe. But what IS safe?

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Blockchain, Fintech news, Global trends

May 29, 2018

816

Rakuten invests in UK payments group Azimo

Move reflects fast-growing market for challengers to traditional way of sending money

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Fintech news, Global trends, Hotnews

May 29, 2018

415

KPMG and MAS Schedule Second Global Fintech Hackcelerator for the 2018 Singapore FinTech Festival, Accepting Applications Now

For the second year running, KPMG Digital Village and the Monetary Authority of Singapore (MAS) will be organizing the Global FinTech Hackcelerator for the 2018 Singapore FinTech Festival. (more…)

Banks, Global trends, Government activities

May 29, 2018

422

Tandem reaches 100,000 clients, signs for Form3 paytech

UK-based challenger Tandem says “100,000 Brits are now using the bank to spend, save, and manage their money”. (more…)

Banks, Hotnews

May 29, 2018

294

ICICI Bank unveils innovation labs

India’s ICICI Bank has launched two innovation labs as it hunts for digital growth and a new mindset.

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Banks

May 29, 2018

Why Blockchain is Hard

By Jimmy Song, Bitcoin Educator

The hype around blockchain is massive. To hear the blockchain hype train tell it, blockchain will now:

  1. Solve income inequality
  2. Make all data secure forever
  3. Make everything much more efficient and trustless
  4. Save dying babies

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Blockchain, Cryptocurrencies

May 28, 2018

Tango Card Receives $35 Million

Digital rewards-as-a-service platform Tango Card may be doing a little dance today. That’s because the Seattle-based company just closed a $35 million round of funding, bringing its total funding to $54.8 million. (more…)

Fintech news

May 28, 2018

Life after ICO

After the whirlwind excitement of its US$80 million ICO, Singapore’s TenXfound itself dealing with a dramatic crisis.

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Fintech news

May 28, 2018

362

When FinTechs Compete, Banks Can Also Win

It’s not exactly dogs and cats living together in harmony, but FinTechs and banks — the upstarts and the traditionalists — are certainly cozying up, a trend that looks certain to continue. (more…)

Banks

May 28, 2018

491

WeInvest Raises $12.3 Million for its WealthTech Platform

By Julie Munh for Finovate

B2B digital wealth management solutions provider WeInvest has taken in an investment of its own today. The Singapore-based company just closed on $12.3 million in Series A funding. (more…)

Fintech news, Global trends, Hotnews

May 28, 2018

PaySend Adds KYC and Risk Management Tech from 4Stop

Moving money with international money transfer platform PaySend just got a lot more secure. German KYC and anti-fraud technology solutions provider 4Stop has integrated its KYC, compliance and risk management technology with the company’s platform. (more…)

Fintech news

May 28, 2018

436

ING opens developer portal

ING has opened its internal developer portal to coders from corporate clients and fintech startups, providing access to simulated APIs for testing and developing new products. (more…)

Banks, Open Source/ API

May 25, 2018

695

PayPal and Google bind payment rails

PayPal and Google are extending their relationship across the search giant’s entire ecosystem, including Gmail, YouTube, Google Pay and Google Store. (more…)

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

May 25, 2018

618

Adyen confirms plans for IPO

Payments processor Adyen is chasing a $9 billion valuation after confirming its intent to sell 15% of its shares in an IPO on Euronext Amsterdam. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

May 25, 2018