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Govt-Backed ‘Crypto Valley Association’ Launches in Switzerland

By CryptoCoins News

Fintech-friendly Switzerland sees the launch of a new non-profit blockchain advocacy and development group with the launch of the Crypto Valley Association, backed by the government. (more…)

Blockchain, Fintech news, Global trends, Government activities, Payment processors/providers/gateways

March 3, 2017

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UK Consumers Spent £647B With Payment Cards In 2016

During 2016, consumers in the U.K. spent £647 billion with payment cards, according to new data from the U.K. Cards Association. (more…)

Analytics, Cashless, Fintech news

March 3, 2017

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342

Alibaba leads $200 million investment in Paytm e-commerce unit

By Finextra

The e-commerce arm of Indian mobile wallet giant Paytm has raised $200 million in a funding round led by China’s Alibaba. (more…)

Deals, Fintech news, Payment processors/providers/gateways

March 3, 2017

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373

Algomi Receives $10m Strategic Investment from Euronext

By FinSMEs

Algomi, a London, UK-based fixed income technology provider, received a $10m strategic investment.  (more…)

Deals, Financial Markets / Trading, Fintech news

March 3, 2017

260

489

Azimo Updates Remit Service, Adding Instant Bank Transfers to Existing Lightning-Fast Philippines Service

By 

Azimo, the digital money transfer service operating in Europe, announced a complete overhaul of money transfer services to the Philippines, with a lightning fast instant service via bank transfer. (more…)

Fintech news, Philippines, Remittances

March 3, 2017

259

567

PayThink Blockchain payments can help banks play innovation catch up

By Artem Tymoshenko for Payments Source

One area that has lagged in innovation is the financial services industry.  (more…)

Analytics, Banks, Blockchain, Payment processors/providers/gateways

March 3, 2017

258

683

Deutsche Bourse fintech venture fund targets blockchain and AI

By Finextra

Deutsche Bourse’s new dedicated fintech venture fund, DB1, is hoping to make up to five investments this year, focusing on startups that use technologies such as blockchain and machine learning to rebuild the rails on which financial markets are built.  (more…)

AI / Machine Learning / Big Data, Fintech news

March 3, 2017

257

610

Banks are sold on blockchain, concerned about collaboration

By Penny Corpsman for AmericanBanker

Several ideas are emerging about the adoption of blockchain in the financial services industry that are quite different than what anyone would have predicted two or three years ago.  (more…)

Banks, Blockchain, Fintech news

March 3, 2017

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328

Mastercard Targets Startup Innovation In Canada

Mastercard is collaborating with Startup Canada to promote startup innovation in the country, the firms announced Thursday (Mar. 2). (more…)

Fintech news, Global trends, Payment systems

March 3, 2017

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Why China’s $60 Billion Alipay is Recruiting Blockchain Engineers, Experts

By The CoinTelegraph

China’s Alibaba, one of the world’s largest e-commerce company valued at $256 bln and its $60 bln financial arm Alipay are recruiting Blockchain experts to actively look into the potential of Blockchain technology.

(more…)

Blockchain, Fintech news, Payment systems

March 3, 2017

254

328

McDonald’s Mobile Ordering Across U.S. By 2018

(more…)

news, Pre-order services

March 3, 2017

253

990

PwC runs blockchain prototype for London insurance market

By Finextra

PwC has created a working blockchain prototype for the London Market Target Operating Model (TOM) Innovation Exchange.  (more…)

Blockchain, Fintech news, Global trends, Insurance

March 3, 2017

252

194

Payment Technology Startup Dimebox Raises €5M in Funding

By FinSMEs

Dimebox, an Amsterdam, the Netherlands-based fintech startup, raised €5M in series A funding.  (more…)

Deals, Fintech news, Payment processors/providers/gateways

March 3, 2017

251

508

InsurTech – FinTech’s Next Frontier: Can It Insure a Billion People?

By LTP

According to a global quarterly report by KPMG, last year, USD $24.7 billion was invested in FinTech companies across the globe. India too has witnessed a flurry of venture capital investments, particularly in the areas of SME lending, P2P lending, mobile wallets, payment services and robo-advisory. As a venture capital firm investing in startups “impacting the masses,” we have a deep interest in FinTech companies that can integrate large sections of the population into the formal financial infrastructure by providing more than just access to finance. One such exciting segment is insurance technology (or InsurTech) i.e., leveraging technology to make insurance more affordable and accessible.  (more…)

About, Fintech news, Insurance

March 3, 2017

250

136

Fiserv expands Florida processing centre

By Finextra

Fiserv, Inc. (FISV), a leading global provider of financial services technology solutions, has opened its third Contact and Servicing Center, expanding its business process outsourcing capacity by 22 percent into Lake Mary, Fla. to meet the growing demand of automotive lenders and financial institutions for customer care, collateral management and back office functions. (more…)

Fintech news, Global trends

March 3, 2017

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269

Ally Bank rolls out debit card controls mobile app

By Finextra

Ally Bank, the direct banking subsidiary of Ally Financial Inc. (ALLY), today announced the launch of a new service that will allow debit card customers to set control preferences to match their desired usage profile and change them instantly when needed, all with a touch on a smartphone app. (more…)

Banks, Fintech news, Marketing Report

March 3, 2017

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Domino’s Gets Its Own Virtual Assistant

Amazon and Google aren’t the only ones who own the AI virtual assistant space. Domino’s Pizza Enterprises has just made a move to up their digital ordering game, starting in Australia and New Zealand. (more…)

AI / Machine Learning / Big Data, news, Pre-order services

March 3, 2017

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Blockchain Breakthrough: 47 Japanese Banks Complete Money Transfer Pilot Using Ripple

By CryptoCoins News

Blockchain is moving into production, claims Ripple CEO Brad Garlinghouse after a consortium of 47 Japanese banks completed a pilot implementation of Ripple’s technology. (more…)

Banks, Blockchain, Fintech news

March 3, 2017

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Ledger Fever: 95 Bitcoin & Blockchain Startups In One Market Map

By CB Insights

Bitcoin and blockchain companies are popping up in numerous sectors, including financial services, social, intellectual property, and IoT.

Funding to the sector has gone from almost no investment in 2012 to over $500M in each of the past two years. Corporations and their venture arms, especially those in financial services, have entered the fray in large numbers, looking to blockchain and distributed ledger solutions to address pain points that include data reconciliation, clearance, and settlement, among other issues. Major global banks and financial intermediaries are working closely with blockchain companies using the new technology to revamp legacy systems and infrastructure. (more…)

About, Analytics, Blockchain, Cryptocurrencies, Fintech news

February 28, 2017

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The role venture capitalists can play in pairing banks and fintech

By Brian Patrick EhaAmerican Banker

Nigel Morris thinks a lot about language.

A common language — a lingua franca, as Morris calls it — is what allows the former co-founder of Capital One to collaborate effectively with his partners and employees at QED Investors, the Alexandria, Va.-based venture capital firm he founded in 2007. (more…)

About, Banks, Fintech news, Interviews

February 28, 2017

245

291

A Plus for P2P Lending: Investors to Buy Up to $5 Billion in Loans on Prosper

By Julie Muhn for Finovate

The rumors from last August are true. P2P lending giant Prosper announced a deal in which a group of institutional investors has agreed to purchase up to $5 billion in loans on the San Francisco-based company’s platform over the next 24 months. Investors include affiliates of New Residential Investment Corp., Jefferies Group and Third Point, and an entity of which Soros Fund Management serves as principal investment manager. (more…)

Deals, Fintech news, p2p/online lending

February 28, 2017

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mVisa to expand to 10 countries

By Finextra

Visa (NYSE:V), announced that mVisa, its QR-based payment service, now live in India, Kenya and Rwanda, will soon be available to merchants and consumers in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan and Vietnam. (more…)

Cashless, Fintech news, Global trends, Payment systems

February 28, 2017

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The Startup That Wants To Build A Cashless Economy In The Philippines

By Casey Hynes for Forbes

Sixty-nine percent of Filipinos were underbanked as of 2015. But the country also has the fastest-growing smartphone market in ASEAN–not to mention that it’s home to the selfie capital of the world. The combination creates an interesting opportunity for fintech entrepreneurs, and Mark Vernon has taken advantage of it.  (more…)

Fintech news, p2p-payments, Philippines

February 28, 2017

242

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How can Financial Providers Respond to the Needs of a Changing Customer?

by 

Financial service providers should rethink how they service their customers, in light of changing consumer behaviours and expectations. To track consumer patterns, Accenture Financial Services  Global Distribution & Marketing Consumer Study found that providers who can deliver a compelling new digital service model, as well as retain traditional values around trust and service, will edge out competitors. (more…)

Analytics, Banks, Fintech news

February 28, 2017

241

296

UK & US Fintech Working Group to explore regtech

By Finextra

Innovate Finance, the independent membership association that represents the UK’s global FinTech community, together with its strategic partner Hogan Lovells, is looking at the potentially transformative role that regulatory technology (RegTech) might play in tackling the fragmented US financial environment.  (more…)

Fintech news, Government activities

February 28, 2017

240

304

Technology Startup JAAK Introduces Blockchain For Entertainment And Media Companies

By CryptoCoins News

A London-based startup called JAAK has developed a blockchain for the entertainment and media companies to capture, store and verify metada using both Ethereum and Swarm, according to A Journal of Musical Things. (more…)

Blockchain, Fintech news

February 28, 2017

business hand pushing fintech or financial technology button on a touch screen interface

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How banks are embracing the digital revolution

By Finextra

Modern-day banks want to become digital banking leaders. Customers, competition and compliance are without doubt the three ‘C’s’ fueling this development. The demand for digital innovation is growing rapidly, whilst competition in the financial markets is fierce. Couple these with the stringent regulations being placed on financial firms and it’s clear why so many financial firms are moving to the cloud and digital technology. Indeed, it is one of the safest, most cost-effective and efficient way of managing communications. (more…)

Banks, Fintech news, Global trends, Mobile-first banks

February 28, 2017

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French cashless payment startup PayinTech raises €2.5 million

By TechInAsia

French fintech startup PayinTech, a wearable payment solution focusing on the tourism and leisure sector, announced that it has raised €2.5 million. The round was led by Caisse des Dépôts, which invested €2 million, with participation from previous investors Fa Dièse and CapDecisif. (more…)

Deals, Fintech news, Payment processors/providers/gateways

February 28, 2017

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229

Payments transformation: How banks can innovate to stay relevant – A Banking Byte event

By Finextra

The payments landscape is changing profoundly and all banks recognise that their payments strategies and technology stacks need to change in response. The drivers for transformation are clear: regulation, notably the revised Payment Services Directive (PSD2), changing customer behaviour, and rapidly evolving technology.  (more…)

Fintech news, Government activities, Open Source/ API, Payment processors/providers/gateways

February 28, 2017

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Financial Markets Expert: Blockchain Will Eliminate Cash

First appeared at CryptoCoins News

Dr. Philippa (“Pippa”) Malmgren, the founder of DPRM Group, a London-based company that helps companies, investors and policymakers better understand how risk and prices move across the economic landscape, said blockchain signals the end of cash during the recent Cayman Alternative Investment Summit. (more…)

Blockchain, Cashless, Global trends, Influences FinTech

February 28, 2017