MENU

Author

542

These will be the next fintech companies to be acquired during next 2 years: check out the reason

By Vladislav Solodkiy, Managing partner at Life.SREDA VC (more…)

Columns, Global trends, Hotnews

June 26, 2017

Cryptocurrency Bubble Will Burst: Aberdeen Asset Management

The recent rapid increase in the price of cryptocurrencies has resulted in many experts calling it a bubble and advising caution while investing. Aberdeen Asset Management is the latest to do so, arguing that like all bubbles, the virtual currency bubble will eventually burst too. (more…)

Blockchain, Cryptocurrencies

June 26, 2017

Ukraine Utilizing Blockchain in Land Transfers

The Ukrainian government is the latest in a string of governments and international groups around the world to implement Blockchain solutions to solve problems they’re facing in financial markets. (more…)

Fintech news, Global trends, Hotnews

June 26, 2017

Cambodia, Soramitsu Planning Distributed Ledger System

Soramitsu Co., the Japanese Blockchain identity company, has indicated that they are partnering with the National Bank of Cambodia to test distributed ledger technology in creating new and innovative payment methodologies. (more…)

Fintech news, Government activities, Hotnews

June 26, 2017

China Quietly Tests Digital Hybrid Currency

In a move that is no surprise to industry experts, China has begun testing its own digital currency for interbank transfers. Recent speeches by national bank insiders along with some publications have indicated the direction the Chinese would like to take.  (more…)

Cryptocurrencies, Hotnews, InspirAsia

June 26, 2017

Bank of America – Trends in Consumer Mobility Report

The latest Bank of America Trends in Consumer Mobility Report explores emerging payments trends – specifically person-to-person payment technologies (P2P) that allow consumers to send money to others via their mobile device – and forward-looking behaviors among adult consumers across the US. (more…)

Analytics, Banks

June 26, 2017

Starling Bank passports to Europe, first stop Ireland

By Steve O’Hear for TechCrunch,

London-based Starling Bank is continuing to gather momentum. After a staggered launch of its current account kicked off in March, the digital-only bank is announcing imminent expansion to Europe, starting with the Republic of Ireland where it has attained a so-called “banking passport”. (more…)

Fintech news, Mobile-first banks

June 26, 2017

PSD2 and Instant Payments to drive a 37% decline in online card volumes

A new study from Ovum, has attempted for the first time to quantify the detrimental effect Instant Payments and PSD2 will have on traditional credit and debit card payments. Instant Payments, PSD2, frictionless payment,e-commerce, (more…)

Government activities, Hotnews

June 26, 2017

EY Tackles Declining IPO Market: The Decline is So Significant it Warrants Policy Action

EY presented last week at the SEC Investor Advocacy Committee meeting. The topic of the morning discussion was the decline in IPOs. As part of the presentation a report by EY was distributed. (more…)

Analytics, Global trends

June 26, 2017

Doing The Heavy Lifting

By Fred Wilson from Union Square Ventures

Most venture capital investments are made, over time, by syndicates. This means a group of venture capital firms develops around a company, usually built over multiples rounds. Some of the firms in the syndicate agree to (or require) having a partner from their firm join the Board of the company. (more…)

Fintech news, Global trends, Influences FinTech

June 26, 2017

Everything you wanted to know about initial coin offerings but were afraid to ask

By Eva Xiao for TIA

Raising capital as an entrepreneur is no cake walk. At its worst, it’s a grueling slog of pitching, networking, meetings, and waiting. But for blockchain-savvy startups, fundraising has never been easier – or faster – than in the current boom time. (more…)

Blockchain, Cryptocurrencies

June 26, 2017

Amazon + Whole Foods = $1T

By Scott Galloway for Seekingn Alpha

Amazon’s (NASDAQ:AMZN) acquisition of Whole Foods (NASDAQ:WFM), should it close, is the white flag (the kind signaling one lap to go, vs. surrender) in Amazon’s march to a trillion. This transaction will be to retail what Facebook’s (NASDAQ:FB) acquisition of Instagram was to media – the deal everyone wishes they had done. Amazon will reach $1T in value in the next 36 months, at the expense of…everyone. (more…)

Fintech news, Global trends

June 26, 2017

136

TrueLayer raises $3M Series A to provide fintech companies with easy access to bank APIs

by  for Techcrunch

TrueLayer, a London startup that’s built a developer platform to make it easy for fintech companies to access bank APIs — and ride the PSD2 gravy train — has raised $3 million in Series A funding. The round was led by Anthemis Group, with participation from existing investor Connect Ventures, and will be used by TrueLayer to expand its team and increase coverage of supported banks before opening up beyond beta testers later this year. (more…)

Open Source/ API

June 21, 2017

119

Payoneer opens London office

By Payoneer,

Payoneer, a leading cross-border payments company transforming the way businesses send and receive funds globally, officially unveiled a new office today in London. (more…)

Global trends, Payment processors/providers/gateways

June 21, 2017

170

Oscar Health is headed back to New Jersey and branching out to Ohio and Tennessee

by  for Techcrunch

Oscar Health seems to be expanding rather than shrinking in the next year. Despite worries that the Affordable Care Act wasn’t working out for health insurance companies, Oscar has filed to expand in 2018, adding the states of Ohio and Tennessee, expanding in Texas and California and heading back to New Jersey, where it pulled out at the beginning of this year. (more…)

Global trends, Hotnews, Insurance

June 21, 2017

Watch Tim Cook, Jeff Bezos, and other tech execs give Trump advice on how to modernize government

On Monday President Trump met with his American Technology Council for the first time to discuss ways to “transform and modernize” the government’s use of IT services. The council includes Apple CEO Tim Cook, Microsoft CEO Satya Nadella, and Amazon CEO Jeff Bezos, among others. You can read some of the advice the tech execs gave Trump here, or now you can watch much of the meeting thanks to this 20-minute video the White House has released. (more…)

Global trends

June 21, 2017

120

KBC’s K’Ching app introduces AI chatbot for youth market

By KBC

As from today the latest version of the KBC K’Ching app, the KBC mobile banking app for youngsters, will be available in app stores for all K’Ching users. This latest version allows users to communicate through instant messaging with the app through an artificial intelligence (AI) chatbot. (more…)

Banks, Bots

June 21, 2017

138

Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel

By Steve O’Hear for Techcrunch

Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API

June 21, 2017

290

Should Startups Care About Profitability?

By Mark Suster from Upfront Ventures

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. One of them is whether profitability matters. (more…)

Columns, Fintech news, Global trends

June 20, 2017

198

WePay And The Evolution Of Payments

By PYMNTS

It was not a terribly long time ago that many very familiar companies were understood and defined, well, very familiarly, WePay Co-Founder Rich Aberman told Karen Webster in a recent conversation. Apple was a hardware company, Microsoft was a productivity software platform, Amazon was an eCommerce retailer selling books and Google was a search platform. (more…)

Global trends, Payment processors/providers/gateways

June 20, 2017

278

Why Amazon’s Acquisition Of Whole Foods Matters For Startupland

By Tomasz Tunguz from Redpoint Ventures for his blog

Amazon’s acquisition of Whole Foods is notable for many reasons. Of course, there’s the magnitude $13.7B. The second is the shockwaves reverberating through the grocery industry. Costco fell 10% and Kroger almost 25% on the news. Third, the acquisition underscores the importance of physical retail even to the largest American ecommerce giant. Those are all remarkable in their own right. (more…)

Deals, Fintech news, Global trends, Hotnews

June 20, 2017

170

Banking the unbanked in emerging markets

by  for TechCrunch

As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. (more…)

Banks, Global trends, Hotnews

June 20, 2017

105

UK Fintech Company PayBreak Secures 24.5 Million Investment Through Fundraising Round

By Samantha Hurst for Crowdfund Insider,

London-based fintech company, PayBreak, announced it raised £24.5 million during its latest fundraising round. According to the company, the round was supported by existing shareholders and saw new investors as well. Speaking about the round, managing director of PayBreak, Julia Throop stated: (more…)

Crowdfunding/investing, Deals, Global trends

June 20, 2017

153

PayPal small business financing scheme advances £400 million in working capital

By PayPal

Today PayPal revealed its small business financing scheme has provided more than £400 million to British small businesses. (more…)

Global trends, Payment processors/providers/gateways

June 20, 2017

157

Open banking rules to trigger new wave of challengers

Tech companies, retailers and price comparison websites could become major banking brands says Deloitte on the release of research which reveals that a significant number of consumers who already use mobile banking would be willing to share data with traditional retailers. (more…)

Banks, Global trends, Hotnews, Influences FinTech

June 20, 2017

150

Klarna granted full banking licence

By Klarna,

Klarna is proud to announce that it has been granted a full banking licence by Finansinspektionen, the Swedish Financial Supervisory Authority. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

June 20, 2017

Raising Tokens to Build a Company or an Ecosystem?

We need to keep thinking of new roles for the token. I’ve already outlined about 20 such roles in this previous post, Tokenomics: A Business Guide to Token Usage, Utility and Value. (more…)

Deals, Global trends

June 16, 2017

242

Alibaba is in talks to invest in Uber’s Southeast Asia rival Grab

By Jon Russel for Techcrunch

Alibaba could substantially increase its business interests in Southeast Asia with an investment in Uber rival Grab. (more…)

Fintech news, Global trends

June 16, 2017

396

Santander’s Openbank relaunched as 100% digital bank

Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018. (more…)

Banks, Hotnews, Mobile-first banks

June 16, 2017

341

Analyzing Token Sale Models

By Vitalik Buterin for his blog

Note: I mention the names of various projects below only to compare and contrast their token sale mechanisms; this should NOT be taken as an endorsement or criticism of any specific project as a whole. It’s entirely possible for any given project to be total trash as a whole and yet still have an awesome token sale model. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

June 15, 2017