MENU

Author

BankThink Fintech doesn’t need D.C.’s help

By Ryan Gilbert for American Banker

In the final days of the Obama administration, the National Economic Council published a much-awaited white paper — entitled “A Framework for FinTech” — recommending guiding principles for the advancement of the fintech industry by the U.S. government. (more…)

About, Fintech news, Global trends, Government activities, Marketing Report

January 24, 2017

Virtual reality banking? Now that IS science fiction.

By Finextra

Virtual Reality

Back in early February 2016, Facebook uploaded a photo of CEO Mark Zuckerberg walking through what seemed like an army of VR headset wearing drones. The overall look and feel of the picture has been dubbed ‘disturbingly Orwellian’, but it’s easy to see why VR headsets are becoming so popular. By 2020, according to the study conducted by the Analysis Group and commissioned by Facebook, $14.6 billion in revenue is due to come from Virtual Reality based technology. That’s based on low adoption rates. It could be as high as $126 billion. (more…)

Fintech news, Global trends, Influences FinTech

January 24, 2017

108

25

Ayondo kicks off $250k social trading contest

By Finextra

Financial technology group ayondo has opened up registrations for its second Social Trading Championship, with up to USD 250,000 worth of prizes to be won.  (more…)

Fintech news, Hotnews, TradingTech

January 24, 2017

Devices and Unconventional Channels Are Turning Into Payments Platforms

By LTP

The payments segment was the hottest FinTech segment in 2016 – financial technology companies around the world raised a total of ~$36 billion in financing across over 1500 funding deals from over 1700 unique investors (not taking into account M&A deals). Representing less than a quarter (22%) of the funded pool, the Payments/Loyalty/E-Commerce segment secured almost 40% (over $13.5 billion) of total funds raised, while, with 29% of representation, Banking/Lending companies are responsible for just 26% ($9.3 billion) of raised funds. (more…)

Analytics, Fintech news, Global trends

January 24, 2017

Wall Street Blockchain Alliance adds OTC Exchange Network as corporate member

By Finextra

The Wall Street Blockchain Alliance (WSBA), a 501 (c)(6) non-profit trade association, has announced that OTC Exchange Network (OTCXN) has joined the organization as a corporate member.  (more…)

Blockchain, Fintech news, TradingTech

January 24, 2017

Advanced Logic Analytics to bring big data analytics to financial services market

By Finextra

Advanced Logic Analytics (ALA), a provider of enterprise big data and finance analytics solutions for buy- and sell-side institutions and other financial firms, is pleased to announce its launch into the global financial services marketplace to address the market`s growing requirement for big data analytics. (more…)

AI / Machine Learning / Big Data, Analytics, Fintech news, Global trends

January 24, 2017

Building A Digital Bank — From Scratch

“The real ‘move the needle’ opportunity in banking is to build a bank from scratch.”

That’s according to financial services vet and Varo Money CEO and Cofounder Colin Walsh, who told Karen Webster recently that the future of banking, for millennials in particular, lies not in branches but in bots who become money coaches. (more…)

AI / Machine Learning / Big Data, Fintech news, Global trends, Mobile-first banks

January 24, 2017

TransferTo and Wirecard team on white label remittance package for MMOs

By Finextra

TransferTo, leading cross-border B2B mobile payments network, and Wirecard, Europe’s leading specialist for payment processing and issuing services have teamed up to offer a white-label mobile-to-mobile remittance service. (more…)

Fintech news, Payment processors/providers/gateways, Remittances

January 24, 2017

If you can’t beat them, buy them: Net1 acquires stake in Bank Frick

By Finextra

Nasdaq-listed mobile payments outfit Net1 has agreed a deal to acquire a 30% stake in Lichtenstein-based Bank Frick, providing a new reverse buy-out model for co-operation between fintech firms with technological know-how and incumbents seeking to develop new digital business strategies. (more…)

Deals, Fintech news, Mobile payments/banking

January 24, 2017

101

120

Blackstone’s Jay Leek joins Florida VC firm to manage $300 million security fund

By  for Venturebeat

Rumors have been spreading lately about where Jay Leek, former managing director and chief information security officer (CISO) at Blackstone, will be heading next. His pick? ClearSky, an under-the-radar venture capital firm based in Palm Beach, Florida, where he will be managing a $300 million fund dedicated to cybersecurity. (more…)

Fintech news, People of fintech, Security

January 22, 2017

100

140

CFTC Chairman Calls for Agency to Support Blockchain and Fintech Innovation

By Lester Coleman for CryptoCoins news

The commissioner and acting chairman of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, called on the agency to support distributed ledger technology (DLT) and fintech innovation in his keynote address before the SEFCON VI conference sponsored by the Wholesale Markets Brokers’ Association. Giancarlo said he supports the core reforms of Title VII of Dodd-Frank, the swap data reporting and central counterparty clearing and registration of swaps dealers. (more…)

Blockchain, Fintech news, Government activities

January 22, 2017

98

139

Where Insurers and Reinsurers Invested in Tech Startups in 2016

By CB insights

Thematic areas that attracted strategic investment in 2016 included cybersecurity, property management software, IoT, and digital insurance distribution. (more…)

Analytics, Deals, Fintech news, Global trends, Insurance

January 20, 2017

The U.S. Is Suing its Largest Student Loan Servicer Because It ‘Failed’ Borrowers

By Peter Dazeley for Fortune

The largest U.S. student loan servicer, Navient (NAVI, -1.18%), cheated borrowers out of billions of dollars, often by deceiving them about repayment options and their legal rights, the U.S. consumer financial watchdog said on Wednesday as it announced a lawsuit against the company. (more…)

About, news, p2p/online lending

January 20, 2017

Rabobank readies for real-time payments

By Finextra

Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide. (more…)

Banks, Fintech news, Payment processors/providers/gateways

January 20, 2017

Myanmar’s CB Bank to double size of ATM network

By Finextra

Co-Operative Bank Limited (CB Bank) in Myanmar has awarded Diebold Nixdorf an extensive contract for systems, software and services to expand its self-service cash offerings beyond the country’s main commercial hub Yangon.  (more…)

Banks, Fintech news, Myanmar, Security

January 20, 2017

94

138

Bank of Korea: FinTech Companies Will Reshape Financial Industry

By CryptoCoins News

Non-financial technology companies with a growing expertise in FinTech (financial technology) will play a bigger role in shaping South Korea’s financial industry, according to the country’s central bank. (more…)

Banks, Blockchain, Fintech news, Government activities, Korea

January 20, 2017

Mastercard ‘preying on millions,’ says $17 billion fee lawsuit

A movement by countries around the globe to embrace a cashless future is resulting in plastic payments (think credit and debit cards) to erode cash’s market share. (more…)

Analytics, Cashless, Fintech news, Marketing Report, Payment systems

January 20, 2017

In the future, AI could also mean auto insurance

By  for TechCrunch

Solaria Labs, Liberty Mutual Insurance’s tech incubator, has created an API developer portal to bring together public data and “proprietary insurance information” to help users find potentially safer routes — and help them assess damage when that doesn’t work out. (more…)

Accelerators/Incubators/Labs, AI / Machine Learning / Big Data, Fintech news, Insurance

January 20, 2017

Finovate Debuts: Helping Banks Turn Data into Insights with Liferay DXP

By David Penn for Finovate

There are few challenges greater for FI than turning massive amounts of customer data into valuable insights on how to serve those customers better. “Everybody today seems to be focused on customer experience, and giving your customers whatever they want. But what is it that you are you getting from your customers?” Liferay Sr. Customer Experience Manager Henry Nakamura asked from the Finovate stage in September. “I bet you’re pretty overwhelmed by the amount of data that you have, and possibly pretty underwhelmed by the results. Where’s the payoff?” (more…)

AI / Machine Learning / Big Data, Banks, Fintech news

January 20, 2017

BMO Harris Bank goes all in on mobile payments

By Finextra

BMO Harris Bank today announced the release of BMO Harris Bank Masterpass, Android Pay and Samsung Pay digital wallets for select BMO Harris Bank credit and debit cards.  (more…)

Banks, eWallets, Fintech news, Mobile payments/banking

January 20, 2017

89

165

Malaysian Firm Belfrics Launches Bitcoin Exchange in India

By CryptoCoins News

Belfrics, which refers to itself as a Malaysian ‘blockchain technology’ firm, has announced the launch of its bitcoin exchange operations in India.

(more…)

Blockchain, Cryptocurrencies, Fintech news, India, Malaysia

January 17, 2017

88

111

Banking Future is in Digital Channels and UX Strategy, Not in Marketing

By Albert Pumpur for Finextra

2016 has just ended and 2017 has started. For most of the companies that means new strategic plans for possibility to grow in future. Banking industry is no exception. New year, new me or even better me applies for them too. Inside board meeting rooms C-level executives set new KPI’s and plan improvement on existing ones. Mid-level executives have to obey these plans.  Executives must be happy to get that yearly bonus. (more…)

Banks, Fintech news, Global trends, Mobile payments/banking

January 17, 2017

87

119

InsurTech startup Digital Fineprint joins Accenture innovation lab

By Finextra

Digital Fineprint, an InsurTech startup that harnesses social media to super-charge insurers online propositions, has been selected to take part in Accenture’s Fintech Innovation Lab in London, from over 300 applicants. (more…)

Accelerators/Incubators/Labs, Fintech news, Insurance

January 17, 2017

Remitly Now Operating In All 50 States

Remitly, the digital remittance company based in the U.S., has expanded its services to Massachusetts. (more…)

Analytics, Fintech news, Remittances

January 17, 2017

85

116

CashLess Payments to Drive LessCash Payments

By Vinod Sharma Finextra

Abstract – Essentially, digital cash mimics the functionality of paper cash. The elimination of physical cash from economy is feasible is purely a technological perspective or assumption. Our hard earned money and investments disappear into a labyrinth of financial instruments so mysterious that “money” almost becomes more of an idea than a tangible reality. (more…)

Banks, Cashless, Fintech news, Mobile payments/banking, p2p-payments

January 17, 2017

Russian banks form Fintech Association

By Finextra

Representatives of the Bank of Russia and major financial market participants approved the decision to found an Association for Financial Technologies Development (FinTech Association).  (more…)

About, Fintech news, Government activities

January 17, 2017

Google Assistant Could Soon Support Payments

(more…)

Bots, Cashless, Mobile payments/banking

January 17, 2017

81

116

Innovate Finance flies fintech delegation to Davos

By Finextra

Innovate Finance, the independent membership organisation representing UK’s global FinTech sector, is returning to Davos this week with a delegation of members to discuss this year’s theme of Responsive Leadership. (more…)

About, Fintech news, Global trends

January 17, 2017

80

179

FTC’s Fintech Forum to Focus on Blockchain Technology

By CryptoCoinsNews

The implications of blockchain technology in the consumer sector will be the focus of the Federal Trade Commission’s (FTC) 2017 FinTech Forum in March. (more…)

About, AI / Machine Learning / Big Data, Blockchain, Fintech news

January 17, 2017

Online Payment Security Startup Fraugster Raises $5M

By FinSMEs

Fraugster, a provider of an Artificial Intelligence (AI) technology solution to eliminate payment fraud, raised $5m in funding.  (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, Security

January 17, 2017