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Ford invests in digital financing outfit AutoFi

By Finextra

There’s a new way for customers to purchase or finance a new Ford vehicle in minutes – right from a dealership website from anywhere, on any device – through a new platform from Ford Motor Credit Company and financial technology company AutoFi. (more…)

Deals, Fintech news, p2p/online lending

January 23, 2017

Chinese fintech startup Wecash makes foray into Indonesia through joint venture

By Kevin McSpadden for e27

The goal is to be a go-to place for SME loans as Indonesia’s middle class continues to boom. (more…)

China, Credit scoring, Fintech news, Indonesia, p2p/online lending, Security

January 23, 2017

China’s fintech is leaving the rest of the world behind

By  for TechNode

China is emerging as a leading fintech market on a global scale. Half of the global investment in financial technology is happening in Asia, especially China, according to the World Economic Forum. (more…)

Analytics, China, Fintech news, Global trends, Marketing Report

January 23, 2017

What DTCC’s IBM Blockchain Transition ‘Reimagining’ Credit Derivatives Signifies

By Roger Aitken for Forbes

On the heels of the announcement by the U.S. Depository Trust Clearing Corporation’s (DTCC) transitioning a central part of its financial infrastructure onto a blockchain, the premier post-trade market infrastructure for the global financial services industry that processes trillions of dollars, many are wondering what it means for the blockchain market’s future. (more…)

Blockchain, Fintech news, Government activities, TradingTech

January 23, 2017

Habito secures £5.5 million investment to shake up the mortgage industry

By Finextra

UK digital mortgage broker habito has raised £5.5m in Series A funding led by Silicon Valley-based Ribbit Capital, with participation from existing investor Mosaic Ventures. (more…)

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

January 23, 2017

Deeper into China: CoAssets invests US$145K in a Chinese product crowdfunding platform

By Anisa Menur A. Maulani for e27

Australian Stock Exchange (ASX)-listed startup CoAssets today announced that it has made a RMB1 million (US$145,000) strategic investment in Fujian-based crowdfunding startup Da Xian Bing, for 10 per cent of the company, with 60 per cent to be recouped from CoAssets’ joint venture partner Fujian Yaosheng. (more…)

China, Crowdfunding/investing, Deals, Fintech news, SME

January 23, 2017

The ‘Socialization’ of Financial Services

By Elena Mesropyan for LTP

Peer networks play an important role in delivering financial services nowadays, bringing the element of social into traditionally corporate-dominated industries. (more…)

About, Global trends, Mobile payments/banking, p2p-payments, p2p/online lending

January 23, 2017

Why Coinbase’s Cofounder Is Moving On

By Robert Hackett for Fortune

Five years after co-founding Coinbase, one of the most well-funded Bitcoin ventures, Fred Ehrsam has decided to leave the company. (more…)

Blockchain, Cryptocurrencies, Fintech news, People of fintech

January 23, 2017

Alternative payments are a ‘victim’ of Brexit

By Kirsty Tull for PaymentsSource

As Brexit starts to pick up steam in the coming year, the the impact on banks and the payment processing industry remain to be seen and will likely be far reaching.

(more…)

Global trends, Government activities, Mobile payments/banking, p2p-payments

January 23, 2017

Is blockchain necessary?

By Mohan Krishnan for Finextra

There is no dearth of material to tell us what is blockchain, how it is going to transform our lives in the years to come, where it could be applied, etc and the list is endless. That it is the next big thing after all, since the invention of steam engine, the electricity and the internet itself! World Economic Forum predicts that by 2025, 10% of global GDP will be on blockchain technology.

(more…)

Analytics, Blockchain, Global trends, Marketing Report

January 23, 2017

SatoshiPay Raises £640K in Funding

By FinSMEs

SatoshiPaySatoshiPay Ltd, a London, UK-based private nanopayment software and blockchain company, raised £640k in funding.

Blue Star Capital plc (AIM: BLU) made the investment. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news, Mobile payments/banking

January 21, 2017

Turkish payment provider iyzico secures $13 million to expand in Europe and Middle East

By  for tech.eu

Turkish fintech startup iyzico has raised $13 million in a Series C round, led by Vostok Emerging Finance, to boost its push into Europe and the Middle East. (more…)

Deals, Fintech news, Payment processors/providers/gateways

January 21, 2017

Mercuria introduces blockchain to oil trade with ING, SocGen

By The Business Times

[DAVOS] Trading house Mercuria is working with banks ING and Societe Generale on the first large oil trade based on blockchain technology, as the tradition-bound oil industry tests out digital technology. (more…)

Blockchain, Fintech news, TradingTech

January 21, 2017

Fig Raises $7.84M in Series A Funding

By FinSMEs

figFig, a San Francisco, CA-based gaming crowdfunding platform, raised $7.84m in Series A funding.

The round was led by Spark Capital and Greycroft.

The company intends to use the funds to expand operations. (more…)

Crowdfunding/investing, Deals, Fintech news

January 21, 2017

Grayscale Investments Files for $500M IPO

By FinSMEs

Grayscale Investments, LLC, a New York City-based wholly-owned subsidiary of Digital Currency Group, Inc., has filed for a $500m IPO for the Bitcoin Investment Trust. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news

January 21, 2017

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Top Business-to-Business Wealth Tech Players

By Julie Muhn for Finovate Blog

If you’ve been following our series on wealth tech, you’ve seen our analysis of the industry as a whole, a review of the top trends, and an examination of B2C wealth tech players. (more…)

About, SME, TradingTech

January 21, 2017

U.S. Financial Regulatory Agency Explores Blockchain’s Impact On Securities Trading

By Lester Coleman for CryptoCoinsNews

The Financial Industry Regulatory Authority released a report on blockchain’s impact on the securities industry in its efforts to support financial institutions investing in the technology.

(more…)

Blockchain, Fintech news, Government activities, TradingTech

January 21, 2017

Corporates need a ‘consumer style’ invoice experience

By Prabhat Vira for PaymentsSource

 Any CFO with a smartphone has grown accustomed to the ways in which fintech has removed the friction from their daily lives.

(more…)

Analytics, Marketing Report, SME

January 21, 2017

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China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

Neosurance Wins “Phase 1” of Horizon 2020’s SME Instrument, the Prestigious European Prize That Supports Research and Innovation

By LTP

Neosurance Wins "Phase 1" of Horizon 2020's SME Instrument, the Prestigious European Prize That Supports Research and InnovationNeosurance, the innovative startup that proposes technological solutions for insurance companies, has been selected by the European Commission as the winner of HORIZON 2020 “Phase 1” – a prestigious European award for research and innovation – thus benefiting from a 50.000 euro grant. (more…)

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

January 21, 2017

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Five Reasons Why PayTM Is Miles Ahead Of Its Rivals

By Ketharaman Swaminathan for Finextra

With over 100 million users a year ago, PayTM was already ahead of its digital payment competitors before the Nov. 2016 demonetization of high value currency notes in India. (more…)

Analytics, Cashless, eWallets, India

January 21, 2017

Payments startup Dwolla raises $6.85M more, debuts Access API

By  for TechCrunch

Some news today from Dwolla, the startup that competes with banks (but also works with them) to provide payments and money transfers with reduced fees by way of more efficient software. The company has raised another round of funding of $6.85 million, and at the same time it’s announcing the relaunch of its white-label API, which it is now calling Access API. (more…)

Deals, Fintech news, Mobile payments/banking, p2p-payments, Remittances

January 21, 2017

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How Fintech Can Disrupt the $14T Mortgage Market

By Barbara A. Friedberg for Investopedia

Fintech, which has already disrupted the payments, banking and financial advisory markets, is beginning to enter the $14 trillion mortgage market. Given the growing popularity of digital financial solutions, there appears to be a demand for electronic mortgage solutions among home buyers and sellers alike. (more…)

Banks, Fintech news, Global trends, p2p/online lending

January 20, 2017

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Fintech Steemit Migrating Servers To Amazon Unveils Ambitious Blockchain Roadmap

By Roger Aitken for Forbes

Steemit, creators of the world’s fastest growing decentralized social media platform, has unveiled today what it describes as a “comprehensive roadmap” detailing improvements to its blockchain, company structure and website. (more…)

About, Blockchain, news

January 18, 2017

Destacame Closes Seed Financing Round

By FinSMEs

destacameDestacame, a Santiago, Chile-based alternative credit scoring startup, closed a seed round of financing of undisclosed amount.

The round was led by Accion Venture Lab, with participation from Mountain Nazca and Chilean angel investors. (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, p2p/online lending

January 18, 2017

Bitcoin exchange Coinbase gets money transmitter license in New York

(more…)

Cryptocurrencies, Fintech news, Government activities

January 18, 2017

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Banks can counter fintech-friendly EU rules by embracing third party innovators

By Kirsty Tull for PaymentsSource

As we move toward the mandated adoption date for the Payment Services Directive 2 (PSD2), we can expect to see significant shifts within the payments industry.

(more…)

Banks, Fintech news, Government activities, Payment processors/providers/gateways

January 18, 2017

Blockchain could save investment banks up to US$12b a year: Accenture

By The Business Times

Blockchain technology could help the world’s largest investment banks cut their infrastructure costs by between US$8 to US$12 billion a year by 2025, according to a report by Accenture. (more…)

Banks, Blockchain, Fintech news, Marketing Report

January 18, 2017

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Internet-of-Things Poised to Disrupt Banking and Insurance

By

The Internet-of-Things (IoT) is set to be one of the biggest technological transformations on the horizon, promising to radically change the way we live and how we conduct business. (more…)

Analytics, Banks, Global trends, Insurance, Marketing Report

January 18, 2017

WEX, OnDeck Double-Team Against SME Funding Gaps

The alternative finance industry may have emerged as competition to the banks, but today, it’s commonplace for traditional FIs to partner with alt-lenders. That partnership trend appears to be permeating other areas of SME financial services, with the latest tie-up to be between OnDeck Capital and WEX. (more…)

Banks, Fintech news, p2p/online lending, SME

January 18, 2017