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June, 2018
Archive

455

JPMorgan Chase begins nationwide roll-out of mobile-only bank

JPMorgan Chase is taking its mobile-only banking offshoot Finn nationwide following its debut in St. Louis in October. (more…)

Banks, Fintech news, Global trends, Hotnews

June 29, 2018

430

PayPal Checkout adds smart payment buttons

At PayPal, we’re building solutions for global commerce to help consumers and businesses seamlessly connect across all contexts. (more…)

Global trends, Hotnews

June 29, 2018

The Disappearance of the Fundraising Demo

By Tomasz Tunguz for his blog,

Ten years ago, Guy Kawasaki took this photograph of me. I was attending my first YCombinator Demo Day, maybe three months into my time at Redpoint. Much has changed. I’m am not as young or as green. YCombinator has thrived and scaled. And the startup demo has disappeared. (more…)

Fintech news

June 29, 2018

The Most Important Book You’ll Read All Year

 

By Tomasz Tunguz for his blog in Redpoint Ventures,

Imagine you came across this ad. (more…)

Fintech news

June 29, 2018

Nationwide launches £50m fintech fund

Nationwide logo web screen shot

UK building society Nationwide has joined the fintech venture fund party, putting aside £50 million to invest in promising startups. (more…)

Banks

June 27, 2018

Neufund CEO Zoe Adamovicz Provides Additional Insight into Blockchain based Equity Token Offering Platform

Last week, Neufund, a blockchain based platform for the issuance of security tokens, announced the very first  companies were preparing to tokenize their equity using their service. These “equity token offerings” or “ETOs”, as referenced by Neufund, were said to be compliant within German securities law – an important qualification. (more…)

Banks, Cryptocurrencies

June 27, 2018

a16z crypto

By Fred Wilson for his blog

I guess this is the week I am going to compliment our competitors in the VC business. (more…)

Cryptocurrencies

June 27, 2018

This Week’s ICO Picks & the SEC

By Galen MooreIf you’re a cryptocurrency investor, entrepreneur or lawyer, you’re probably aware the U.S. Securities and Exchange Commission (SEC) has been requesting documents and information from a number of initial coin offering (ICO) issuers. They’ve just done the same with Token Report.

(more…)

Fintech news

June 27, 2018

SigFig Raises $50 Million in Series E

Automated wealth management advisory specialist SigFig has raised $50 million in new funding in a round led by General Atlantic. The Series E round also featured the participation of existing investors UBS, Eaton Vance Corporation, DCM Ventures, New York Life, Nyca Partners, and Bain Capital Ventures. (more…)

Fintech news, Global trends, Hotnews

June 25, 2018

377

Fintech friends: Monzo partners with TransferWise for international payments

By Steve O’Hear for techCrunch,

“So what’s going on here then?” I ask. “Two good friends just got even better [friends],” replies TransferWise co-founder Kristo Käärmann laughing, while Monzoco-founder Tom Blomfield, who is also on the video call, smiles approvingly. “Sorry for spoiling your news,” I tell the pair, who I’m interviewing ahead of an announcement today that the two companies are working together. (more…)

Fintech news, Global trends, Hotnews

June 25, 2018

KeyBank Acquires Small Business Lending Platform Bolstr

Digital lending platform for small businesses Bolstr has been acquired by KeyBank. Terms of the deal were not disclosed. (more…)

Banks, p2p/online lending

June 25, 2018

286

Meituan, the Tencent-backed ‘one-stop super app,’ files for IPO in Hong Kong

By Catherine Shu for Techcrunch

After months of speculationMeituan, the largest service booking app in China, confirmed that it has filed for a public offering. The company’s IPO application was submitted to the Hong Kong stock exchange earlier today and is being sponsored by Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch. A spokesperson for Meituan said the company is currently not disclosing information about fundraising amount or valuation. Reuters reports that Meituan wants to raise more than $4 billion. (more…)

Fintech news

June 25, 2018

Revolut Now Offers an App Store for Business Banking

Revolut, a digital only bank that says it is signing up over 120 businesses per day, has launched a new services for their business customers – Revolut Connect. This new feature is described as an “App store” for businesses to help provide easier access to digital tools. (more…)

Fintech news, Global trends, Mobile-first banks

June 25, 2018

339

Cryptocurrency Regulation Update (June 2018)

By Phil Glazier – Crypto Research @BitwiseInvest | prev at MGV, KKR, Berkeley

This piece is part of a monthly series covering regulatory updates related to cryptocurrencies (here are the updates from MarchApril, and May). Although prices have come down in recent months, recent statements from regulators reflect a deeper acknowledgement of the technology underlying cryptocurrencies and their future potential (in particular, comments from the IMF). This piece provides important regulatory updates since the May piece, broken down by developments in the United States and the rest of the world.

(more…)

Cryptocurrencies

June 21, 2018

481

SoFi Launches Bank Like Service: SoFi Money

It is a truism that we need bank like services but we really don’t need banks. The portfolio of services offered by a traditional analog bank sometimes feel cobbled together. Difficult to manage and expensive to use. Current accounts is an excellent example. For some insidious reason, banks tend to charge consumers silly fees to lend out their money. Most consumers just accept it because that’s just the way it is. But innovative Fintechs are changing this paradigm. (more…)

Banks, Cashless, Fintech news, Global trends

June 21, 2018

After the Term Sheet Is Signed: The Messy Seed Round Syndication Process Begins

By David Beisel – Co-founder & Partner at NextView Ventures (@NextViewVC)

After a seed term sheet is signed, there is still work for founders to do in closing the round. I previously wrote a post about the relationship risks associated with this “venture limbo” period between the lead VC and the entrepreneur that could make the process agreement fall apart: wrapping up any remaining diligence, drafting and negotiating legal definitive documents, and other unexpected issues that arise.

(more…)

Fintech news

June 21, 2018

KeyBank Acquires Digital Lending Platform For Small Businesses Bolstr

On Wednesday, KeyBank announced it has acquired digital lending platform for small businesses Bolstr. According to Key, the fintech software, which is expected to be implemented later this year, will enable the banking group to provide faster and easier access both to SBA loans and to traditional capital for business owners. The acquisition comes just after the OCC recently called on banks to issue more SME loans.  (more…)

Banks, Fintech news, Global trends

June 21, 2018

206

Amazon Prime Video

Amazon Prime Video can be accessed through Amazon prime membership, You can get access to thousands of shows, including TV shows, original shows, documentaries etc., You can also rent or buy from a huge collection of movies and TV shows using the app with attractive discounts from amazon coupons. (more…)

Global trends

June 21, 2018

286

InstaReM launches in the UK

By Instarem

InstaReM, Southeast Asia’s leading digital cross-border money transfer service provider, has now launched in Europe with its ‘front of house’ operations headquartered in London. (more…)

Fintech news, Global trends

June 19, 2018

312

Square gets New York BitLicense

Payments firm Square has secured a virtual currency license from the New York State Department of Financial Services (NYDFS). (more…)

Fintech news

June 19, 2018

291

Korean payments app Toss raises $40m

Viva Republica, Korea’s foremost fintech startup and maker of financial services app Toss, announced today that it has completed a $40 million round of funding from GIC and Sequoia China, bringing the company’s total amount of funding raised to $116 million. (more…)

Global trends, Government activities, Payment processors/providers/gateways

June 19, 2018

394

Crypto Fund AG Receives Swiss FINMA Approval

Crypto Finance has received regulatory approval from Swiss regulators. The Swiss Financial Market Supervisory Authority (FINMA) has reportedly given its seal of approval for the Crypto Fund AG – the first in Switzerland. (more…)

Banks, Cryptocurrencies

June 19, 2018

ING and AXA to build digital insurance platform

I"The initiative will also contribute to diversify our income"NG and AXA have unveiled an exclusive, long term, multi-country bancassurance partnership to provide insurance products and related services through a central digital insurance platform.

(more…)

Banks, Insurance

June 19, 2018

310

Ant Financial lands $14bn investment for Alipay’s global march

Ant Financial has signed agreements with investors for its Series C equity financing totalling nearly $14 billion. (more…)

Payment processors/providers/gateways

June 12, 2018

343

Micro-lending case study: Mynt

FinTech Futures talks to Philippine fintech, Mynt, about the business case and technology behind its current micro-lending efforts and where it is planning to head with other financial services, leveraging the customers and data of its majority shareholder, the country’s largest telco. (more…)

Fintech news, Global trends, PFM/PFP services

June 12, 2018

260

Bingo and Casino: Most Common Payment Methods

There are so many payment methods in use these days, with users gravitating to ones that offer additional security. Within the world of iGaming, there are some methods that are proving much more popular than others. (more…)

Global trends

June 12, 2018

Money20/20 Europe: key takeaways

Martin Whybrow sought out the trends and key issues when the Money20/20 Europe circus rolled into Amsterdam this week. (more…)

Government activities, Hotnews

June 9, 2018

290

Goldman Sachs rolls out cyber war games suite

Goldman Sachs is to provide its 8000+ developer community with a gamified cybersecurity training programme addressing attacker psychology, digital countermeasures and breach response. (more…)

Banks

June 9, 2018

278

Monzo joins with IFTTT to help customers create their own applets

By Monzo,

We believe that a truly smart bank should empower people to manage their money in a way that suits them. Today, we’re proud to announce that we’re the first bank to partner with the world’s largest automation platform — IFTTT! (more…)

Mobile-first banks

June 9, 2018

Xero launches Connected Accounting, partners with Citibank

At its recent Xerocon Atlanta, online accounting software specialist Xero announced the first wave of new features, dubbed Connected Accounting, designed to automate many basic daily business tasks, reports David Penn at Finovate. (more…)

Fintech news

June 9, 2018