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134

ING bond traders get cognitive boost with Katana

ING is rolling out an artificial intelligence (AI) tool, Katana, designed inhouse to help traders decide what price to quote when a client wants to buy or sell a bond. (more…)

Banks, Global trends, Hotnews

December 13, 2017

129

Starling Bank joins Step2 Sepa payments scheme

Starling Bank has become the first of the UK digital challenger banks to become direct members and participants of the STEP2 SEPA Core Direct Debit and SEPA Credit Transfer Scheme, otherwise known as the SEPA payments system. (more…)

Mobile-first banks

December 13, 2017

145

China UnionPay and banks create unified payments app

China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country’s banking industry. (more…)

Global trends, InspirAsia

December 13, 2017

138

Tradeshift partners with Infosys BPO

By Tradeshift

Tradeshift, the world’s largest business commerce platform, today announced a partnership with Infosys BPO, the Business Process Outsourcing subsidiary of Infosys Limited (INFY). (more…)

Fintech news, Global trends

December 13, 2017

146

PayPal joins $17.5 million round in Simility

By Smility

Today we announced our latest funding round of $17.5M to keep pace with explosive company growth. (more…)

Deals, Fintech news, Global trends

December 13, 2017

124

Payments startup iZettle raises $47M, reportedly at a $950M valuation

By Ingrid Lunden for Techcrunch

iZettle — the payments startup based out of Stockholm that competes against companies like SquarePaypal and SumUp to provide card transactions using smartphones and tablets as well as related accounting services — has raised another €40 million ($47 million), money that CEO and co-founder Jacob de Geer told TechCrunch would be used to expand into more markets beyond the 12 where it currently operates in Europe and Latin America. (more…)

POS/mPOS and online acquiring

December 13, 2017

120

Baidu’s new diagnosis service makes sure your site works perfectly in China

Youku instead of YouTube, WeChat rather than Twitter, Baidu over Google. These are just a few of the tips for any foreign website aiming for a Chinese audience. To give a more holistic view for those who are hoping to bypass the “Great Firewall”, Chinese search giant Baidu is rolling out a new service in Japan which offers website operators a pre-evaluation to determine whether their site is optimized to run in China, Japanese media Nikkei Asian Review is reporting. (more…)

Fintech news, Global trends

December 13, 2017

Credit Agricole and Wirecard forge e-payment and acquiring partnership

By Wirecard

Crédit Agricole Payment Services and Wirecard announced today that they have signed a letter of intent to enter into exclusive negotiations to conclude a partnership to offer an innovative and differentiated service offering based on a high-performance technology in the field of electronic payment acceptance and acquiring. (more…)

Fintech news

December 11, 2017

165

Commerzbank and HSBC form securities settlement JV

Commerzbank is looking to make savings by transferring its securities settlement operations to a new joint venture with HSBC Transactions Services. (more…)

Banks

December 11, 2017

164

UK alternative finance market is now worth £4.6 billion

The UK online alternative finance market grew 43% in 2016 to reach £4.6 billion, buoyed by increased institutional investment and a sustained pick up in innovative business lending models. (more…)

Global trends, Hotnews, p2p/online lending

December 11, 2017

116

The Anatomy of a Marketplace

By Leah Busque, Engineer -> entrepreneur -> early-stage investor

Marketplaces as Living, Breathing and Complex Organisms

On the surface, marketplaces seem fairly straightforward — you match supply and demand to make the marketplace work. But, in reality, marketplaces are anything but simple: successful marketplaces are built upon multiple complex systems that are connected and intertwined. In this way, they are akin to living, breathing organisms. (more…)

Fintech news

December 11, 2017

115

SoFi Completes $769 Million Student Loan Securitization; Brings Total ABS Issuance to $6.9 Billion in 2017

On Friday, online lending platform SoFi announced that it has closed its $769 million SoFi Private Student Loan notes (SoFi 2017-F). The lender revealed that the closing marked its 12th ABS transaction this year and brings the total amount of ABS issuance to $6.9 billion. (more…)

Fintech news

December 11, 2017

Coinbase: The Heart of the Bitcoin Frenzy

By Nathaniel Popper for The New York Times

The San Francisco start-up has been at the center of the virtual currency boom. But like any young company, it is experiencing growing pains.

(more…)

Blockchain, Cryptocurrencies

December 11, 2017

The Demand for Data Scientists

By Iliya Valchanov, Co-founder of 365datascience.com. Originally published on Quora.

According to Glassdoor, in 2016 data science was the highest paid field to get into. (more…)

AI / Machine Learning / Big Data, Global trends

December 11, 2017

Google leads in the race to dominate artificial intelligence

By The Economist

Tech giants are investing billions in a transformative technology (more…)

Fintech news, Global trends

December 11, 2017

143

SoFi partners WSFS Bank for cash management account

US online lender SoFi is gearing up to launch a cash management account early next year after inking a payment processing and debit card sponsorship agreement with WSFS Bank. (more…)

Banks, Global trends, p2p/online lending

December 8, 2017

153

6 red flags of an ICO scam

By Deep Patel for Tech Crunch

ICOs have opened to the general public investments in blockchain ventures. In the third quarter of 2017 alone, ICOs raised more than $1.3 billion for crypto ventures — approximately five times more than funding raised through venture capital in the blockchain space. (more…)

Cryptocurrencies, Global trends, Hotnews

December 8, 2017

Ingenico acquires Taiwan’s Airlink

Ingenico Group (Euronext: FR0000125346 – ING), the global leader in seamless payment, today announced the acquisition of Airlink, a leading value added reseller in Taiwan. (more…)

Deals, Global trends, InspirAsia, POS/mPOS and online acquiring

December 8, 2017

Coinbase hits top spot on Apple’s US App Store despite struggling to handle bitcoin demand

View image on TwitterIgnoring recent price rises for a second, if you can — there’s no greater sign of bitcoin fever than an app that lets you buy the cryptocurrency becoming the most downloaded app in the App Store. (more…)

Cryptocurrencies, Global trends

December 8, 2017

118

Icici takes the paperwork out of PPF account opening

ICICI Bank, India’s largest private sector bank by consolidated assets, today announced the launch of a digital service that enables customers to open a Public Provident Fund (PPF) account instantly and in a completely online and paperless manner. (more…)

Banks, SME

December 8, 2017

111

Bank Indonesia to Bar Fintech Companies From Using Digital Currency on Platforms in 2018

Bank Indonesia announced on Thursday it has issued new regulations that bar fintech companies from using cryptocurrencies on their platforms. This news comes less than two months after the bank announced it has drawn up rules to monitor fintechs in the country. (more…)

Banks, Cryptocurrencies, Government activities

December 8, 2017

128

Dianrong Leadership Shake-Up: Lender Announces New CEO, Executive Chairman, & Co-Chairman

On Thursday, Chinese peer-to-peer lending platform Dianrong announced it has made a series of senior executive announcements. The online lender revealed Founder and former CEO, Soul Htite, has been named Executive Chairman, while Co-Founder and Co-CEO, Kevin Duo, was appointed Co-Chairman of the board. Former Chief Operating Officer, Long Hsiang Loh was promoted to CEO.  (more…)

Fintech news

December 8, 2017

Why is bitcoin’s price so high?

By John Biggs for TechCrunch

Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas? (more…)

Blockchain, Cryptocurrencies, Fintech news

December 8, 2017

Chinese bike-sharing start-up Ofo raises $1bn

China’s bike-sharing start-up Ofo has raised $1bn from investors including Alibaba, according to two sources familiar with the deal. Ofo provides dockless GPS-tagged bikes which can be unlocked using a smartphone app. (more…)

Deals, Hotnews

December 8, 2017

222

Starling Bank connects with Railsbank

Starling Bank has hopped on to the Railsbank platform, providing a firm footing for businesses to issue UK bank accounts and access Faster Payments via the Railsbank Open API. (more…)

Banks, Global trends, Open Source/ API

December 8, 2017

South Korea’s Financial Services Commission Plans To Reverse ICO Ban

South Korea’s Financial Services Commission (FSC) is planning to introduce regulations for Bitcoin and other digital currencies, as well as to lift the blanket ban on initial coin offerings (ICO) in the country. The plans were revealed by a senior agency official on Dec. 6, 2017. (more…)

Cryptocurrencies, Fintech news, Global trends, Government activities, InspirAsia

December 8, 2017

149

Payoneer banks investment from China Broadband Capital

By Payoneer

Payoneer, an innovative digital payments company transforming the way businesses send and receive cross-border payments, announced today that China Broadband Capital (CBC), one of China’s leading investment funds, has made an investment in the company. (more…)

Deals, Hotnews, Payment processors/providers/gateways

December 6, 2017

148

Affirm Said To Eye $150M Capital Raise On $1.5B Valuation

Affirm Inc., an online lender, is reportedly in late-stage talks to land a new round of financing that would propel it to unicorn startup status. (more…)

Deals, Fintech news, Global trends, Hotnews, Payment processors/providers/gateways

December 6, 2017

152

Revolut lets customers buy Bitcoin, Litecoin and Ethereum

European digital banking outfit Revolut is now letting its customers buy, hold and exchange cryptocurrency from within its app. (more…)

Cryptocurrencies, Fintech news

December 6, 2017

110

ANZ bolsters wearable payment options with Garmin Pay

By Anz

ANZ today announced its customers could now use Garmin Pay to make purchases on the go after the bank signed a partnership with the global wearables brand. (more…)

Banks

December 6, 2017