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109

German insurance ‘robo-advisor’ Clark scores $29 million Series B

By Steve O’Hear for TechCrunch

Clark, one of a plethora of so-called ‘insurtech’ startups offering something akin to a digital insurance brokerage all delivered through a convenient mobile app, has closed a hefty $29 million in Series B funding. (more…)

Insurance

April 25, 2018

129

EY Unveils New Blockchain Audit Technology

EY announced on Monday the launch of its new blockchain feature, EY Blockchain Analyzer. The company described the feature as a suite of blockchain audit technologies that enhances the ability to perform an in-depth review of cryptocurrency business transactions. (more…)

Analytics, Blockchain, Fintech news, Global trends

April 25, 2018

BNY Mellon backs third-party risk management firm TruSight

By Trusight

TruSight announced today the addition of BNY Mellon as a key investor and client, joining the company’s founding members—American Express, Bank of America, JPMorgan Chase and Wells Fargo. (more…)

Banks, Fintech news, Global trends

April 25, 2018

TransferWise launches multi-country bank account

TransferWise has launched its ‘borderless’ multi-country bank account and debit card, enabling customers to easily manage their money between countries. (more…)

Fintech news, Global trends

April 25, 2018

N26 Now Offering Google Pay in Belgium, Ireland, Slovakia, & Spain


German mobile bank N26 announced on Tuesday it is now offering Google Pay in Belgium, Ireland, Slovakia, and Spain. The bank reported it has a strong focus on innovation and its international expansion, along with aiming to  consistently strives to make the most modern products available to its customers.
(more…)

Banks, Global trends

April 25, 2018

113

What to Look for When Choosing a Bitcoin Exchange

Choosing the right Bitcoin exchange is important. A good choice will allow you to trade freely and profit in a safe environment. A poor choice could restrict your options, eat into your earnings, and put you and your money at risk. Here’s a list of the most important things to look out for when choosing a place to trade cryptocurrency. (more…)

Blockchain, Global trends

April 25, 2018

Spotify’s Direct Listing

By Sonali De Rycker & Sameer Gandhi from Accel Partners,

We’d like to offer our congratulations to Daniel Ek, Martin Lorentzon and the entire Spotify team on today’s ground-breaking NYSE listing. Much has already been written about the company’s unconventional path to the public markets, and it does not surprise us that Spotify’s journey has been so unorthodox. Since we first invested almost seven years ago, Daniel and the team have consistently demonstrated a willingness to take the road less traveled in their persistence to realize their vision for the global music industry. This originality and conviction have consistently enabled the company to stand out in a market cluttered with giants, upstarts, and spectacularly failed endeavors. (more…)

Deals, Fintech news

April 23, 2018

186

Sberbank prepares for a robotic future

Sberbank is collaborating with Russian venture capital outfit, Internet Initiative Development Fund, on a programme for accelerating intelligent robotics projects. (more…)

Banks

April 23, 2018

Cryptoassets: Flow & Reflexivity

By Jonathan Cheesman and Chris Burniske

twitter @cburniske, formerly led @ARKInvest’s cryptoasset efforts.

We may look back on this time as the “Crypto Tax Crisis of 2018,” as thanks to tax liabilities we’re witnessing the most concentrated period of net fiat outflows that the cryptoasset ecosystem has experienced in its short life.

(more…)

Fintech news

April 23, 2018

An Exploration of Cryptocurrency Investing, Modern Portfolio Theory, and Portfolio Construction

By Phil Glazer @MGV. Previously @KKR_Co & @UCBerkeley | philjglazer@gmail.com

This piece provides an exploration of the role cryptocurrencies may play in a larger portfolio of assets (as always, this piece is not advice nor a recommendation for investment) including:

  • Modern Portfolio Theory (MPT)
  • The rationale for diversification within equity and bond investing
  • Diversification applied to cryptocurrency investing
  • Exploration of the role of cryptocurrency exposure in a portfolio

(more…)

Fintech news

April 23, 2018

Australian Cyber Security Firm Entersoft Claims $1 Billion ICO Milestone

Entersoft, an Australian cyber security firm, says it has now helped to launch USD $1 billion worth of initial coin offerings (ICOs) around the world without a single hack or lost token value.

According to Entersoft, during last ten months, the company has helped 30 companies through its “one stop shop” security support service for ICOs. Scams and phishing attacks have become rampant in the ICO sector. The Enetersoft service includes anti-phishing and wallet, operations and smart contract security. The company also puts in place measures to reduce the risk of false reputational attacks on ICO sponsors.

(more…)

Cryptocurrencies

April 23, 2018

193

Irish central bank tunes in to fintech

The Central Bank of Ireland is launching an innovation hub and industry engagement programme to keep step with the evolving fintech and regulatory landscapes. (more…)

Banks, Fintech news, Global trends

April 22, 2018

183

National Bank of Canada & JPMorgan Test Out Blockchain Technology with NBC Debt Issuance in U.S. Financial Markets

National Bank of Canada (NBC) announced on Friday, with the support of J.P. Morgan, it issued a $150 million one-year floating-rate Yankee certificate of deposit, with a parallel simulation of the issuance using blockchain technology. According to the banking group, this blockchain test involved the parties following the execution of the actual transaction through a debt issuance application developed by J.P. Morgan that runs on Quorum, an open-sourced variant of the Ethereum blockchain, specifically designed to meet the needs of financial markets participants. (more…)

Banks, Blockchain, Cryptocurrencies

April 22, 2018

Belarus-style Silicon Valley: Why Nobody Rushes Up Into Tax-Free ICOs?

HTP press-centerThe “unprecedented” Decree on the Development of Digital Economy, signed by President Alexander Lukashenko in December, officially came into force on March 28 in the Republic of Belarus. The document signals a new dawn for the country, facilitating any form of cryptocurrency-related activity, and according to the leader should make Belarus “a tech country”. (more…)

Banks, Blockchain

April 22, 2018

163

Square buys catering platform Zesty

Square, Inc. (NYSE: SQ) announced today that it has acquired certain assets of Zesty, a catering platform that empowers companies to be healthier and more productive. (more…)

Fintech news, Global trends

April 22, 2018

182

Startup ecosystem report: China is rising while the US is waning

By Connie Loizos for TechCrunch

Startups are a gamble, but it’s possible to better understand why some thrive and many more die by looking at the ecosystems in which they operate. Such is the mission of eight-year-old Startup Genome, composed of a group of researchers and entrepreneurs who, every year, interview thousands of founders and investors around the world to get a better handle on what’s changing in the regions where they operate, and what remains stubbornly the same. (more…)

Fintech news, Global trends, InspirAsia

April 22, 2018

176

Icici Bank launches digital application form for opening current accounts

By ICICI Bank,

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a digital application facility on smartphones and tablets, that enables bank officials to open current accounts of self-employed individuals and businesses swiftly in just a few hours, in comparison to an industry average of a few days. (more…)

Banks, Deals, Hotnews

April 20, 2018

156

JPMorgan to roll out Voice ID; begins branch expansion

JPMorgan Chase is to begin using individuals’ unique voiceprints to identify customers who are calling to inquire about their credit card accounts. (more…)

Banks

April 20, 2018

Singapore Fintech Association Launches Marketplace Lending Committee to Help Unify Online Lenders

The Singapore Fintech Association (SFA) has announced the creation of a Marketplace Lending committee and website. This is in response to the rapid growth in the sector, according to the SFA. The subcommittee will be dedicated to ensuring the local online lending industry is a trusted, credible and viable mode of financing for businesses in Singapore. (more…)

Global trends, Government activities

April 20, 2018

TransUnion to acquire the UK’s Callcredit for £1 billion

By TransUnion

TransUnion (NYSE: TRU) announced today its agreement to purchase Callcredit Information Group, Ltd., the second largest and fastest growing consumer credit bureau in the U.K., headquartered in Leeds. (more…)

Banks, Fintech news, Global trends

April 20, 2018

201

iZettle sets up e-commerce marketplace for small traders; Qapital raises $30 million

Swedish mPOS outfit iZettle has launched an e-commerce marketplace for small business owners to sell their wares online. (more…)

Deals, Fintech news, Global trends

April 20, 2018

OCBC Bank is to enable instant digital issuance on Apple Pay via OCBC mobile App

By OCBC,

Singapore, 16 April 2018 – OCBC Bank customers have a new, speedy way of resolving a common issue when shopping or dining: Not having the right credit card to enjoy the best discount, rebate or reward. (more…)

Banks, Fintech news, Global trends

April 16, 2018

378

Goldman Sachs buys personal finance start-up Clarity Money

Goldman Sachs Group Inc bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, it said Sunday. (more…)

Banks, Fintech news, Global trends

April 16, 2018

400

Latest Fintech Funding Deals In Singapore

n 2017, Singapore hit US$229.1 million of fintech funding, a record mainly attributed to two of Asia’s ten biggest deals taking place in the city-state in the fourth quarter. The deals are the acquisition of Paynear Solutions by e-commerce startup GoSwiff for US$100 million, and global asset management fintech player Smartkarma’s US$13.5 million Series B funding round. (more…)

Deals, Global trends, InspirAsia

April 16, 2018

320

DBS launches online remittance service SmartSend for non-DBS customers

By DBS

DBS Bank today announced the launch of SmartSend (www.dbs.com.sg/smartsend/), an online remittance service that allows non-DBS customers to make secure, same-day money transfers to eight markets around the world. (more…)

Banks, Fintech news, Global trends

April 16, 2018

251

Kabbage Quiet as Rumors Grow Over Potential Orchard Acquisition

Bloomberg and other sources are reporting that small business lender Kabbage will acquirelending platform Orchard. The firm, which boasts the support of former Citigroup and Morgan Stanley bosses Vikram Pandit and John Mack, provides information on the marketplace lending industry to Wall Street companies. No terms have been made available and neither Kabbage nor Orchard Platform Markets have commented on the potential acquisition. (more…)

Deals, Global trends, Hotnews

April 16, 2018

Malta Regulator Seeks Feedback On Proposed Crypto Financial Instrument Test

ChartThe Malta Financial Services Authority (MFSA) has released a consultation paper on the possible introduction of a “Financial Instrument Test” that would legally define virtual tokens, according to an April 13 announcement on their site. (more…)

Fintech news

April 16, 2018

203

The Disappearance Of The Fundraising Demo

By Tomasz Tunguz from Redpoint Ventures,

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, Global trends

April 16, 2018

304

BofA launches digital mortgage service

Bank of America has rolled out a digital mortgage service, enabling customers to apply online or via the bank’s mobile app, often getting conditional approval on the same day. (more…)

Banks, Fintech news, Global trends

April 13, 2018

Wirecard raises FY18 Ebitda guidance as 2017 revenues surge by 44.9%

In the 2017 fiscal year, Wirecard AG was able to push forward the digitalisation of payment processes very successfully across the world and greatly enhance its competitive advantage through the continuous expansion of its digital platform. (more…)

Banks, Fintech news, Global trends

April 13, 2018