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Word Life.SREDA means … ecosystem!!!

By Khushi Mehrotra – Life.SREDA VC & InspirAsia Accelerators

We believe ecosystems are very important to be successful in the FinTech space. We spend a fair bit of time thinking through how we can accelerate the development of communities. There are many types of communities we believe are important in development of the ecosystem. These range from start-up community, education community, investor community, mentor community etc. Through structured thought provoking discussions in the various community events we not only contribute our perspectives but also help in connecting the various dots together. This helps in generating a level of trust in the ecosystem. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

November 29, 2016

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Advice for banks how to dive through the FinTech revolution: Consumer Banking (tech reloaded)

By Thomas Labenbacher, partner of Life.SREDA VC

I first heard Consumer Banking 15+ years ago, when I started with GE Capital Consumer Finance. The majority of people are using Retail Banking instead of Consumer Banking. Consumer Banking is defined as the provision of services by a bank to individual consumers. That needs to become the vision of bank again in order to navigate through the digital transformation from traditional banking to digital banking (more…)

Banks, Fintech news, Global trends, Hotnews

November 23, 2016

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Life.SREDA’s portfolio company Ayannah won a Semi finals award from Next Money and VISA

FF17 Semi Finals is an award by Visa and Next Money, where 10-15 startups are competing in each city to fight on the Finals stage in Hong Kong.

Ayannah, Life.SREDA’s portfolio company received a highest award of $2000USD and booked their place at the finals at Hong Kong. (more…)

Global trends, Hotnews

November 18, 2016

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Life.SREDA’s portfolio company Fastacash was awarded the biggest award at the Singapore FinTech Awards

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards.

Between the 10 awardees, Life.SREDA’s portfolio company FASTACASH was awarded a 1st place with a prize of S$250.000 in a category of MAS FintTech award (Singapore-based companies of any size)

(more…)

Cashless, Fintech news, Global trends, Hotnews, Remittances

November 18, 2016

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Sopnendu Mohanty and Vladislav Solodkiy are between TOP35 of most influential fintech-people in the world

Yesterday the well known British magazine Institutional Investor magazine has announced the list of TOP35 of the most influential fintech-investors in the world (award ceremony will be helded on December 1 in New York City in iiFintech). For the second year the list has highlighted Vladislav Solodkiy, managing partner at Singapore-based Life.SREDA VC (the magazine made an attention to the impact on ecosystem of their Money Of The Future fintech-report and new infrastructure project BAASIS). And it is the first time when Sopnendu Mohanty, Chief Fintech Officer at Monetary Authority of Singapore, is in the list too (Singapore became very successful in terms of PR of becoming fintech-hub for the last year). (more…)

Fintech news, Global trends, Hotnews, InspirAsia

November 15, 2016

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A Matter of unity – Banks & Fintechs

By Igor Pesin, Life.SREDA VC 

Today several capital cities of Asia pretend to be the fintech hubs of Asia… However most of their activities are aimed to only attract attention (media PR, conferences, awards) and unite local talents around fintech (accelerators, coworking-spaces, hackathons) – but not to help them to build real businesses: to launch products (not to test them in different “sandboxes”); to develop and grow it and then scale to other Asian markets. Fintech can’t exist within one country – you have to be a gateway to the borderless digital world.  The real fintech hub is not the place where the most of buzz and PR is produced, but where the real financial innovation and technology is created. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

November 3, 2016

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“Black Mirror” of big data in China: “yellow patches” for a new socialist utopia

By Slava Solodkiy, Managing partner of Life.SREDA,

Last week NETFLIX released six new episodes of the hit show Black Mirror. “Nosedive” is the first episode of the third series of Black Mirror.

(more…)

China, Global trends, InspirAsia, p2p/online lending

November 2, 2016

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The first InspiRUSSIA Hackathon ended in Innopolis: the largest blockchain and Fintech hackathon in Russia

From 17 up to 18 September, the largest Russian InspiRUSSIA Hackathon organized by Life.SREDA VC – one of the first venture funds focused on financial technologies – in cooperation with the biggest Russian banks and institutions – Tatfondbank, Sberbank (Sberbank Tech), Microsoft and QIWI (NASDAQ trading Payment service provider) has successfully taken place at the Innopolis University. (more…)

Banks, Blockchain, Bots, Global trends, Hotnews, SME

October 5, 2016

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Neobanks Chasing U.K.’s Biggest Lenders Face Battle for Survival

By Richerd Partington for Bloomberg

Will Stanley and Jonathan Lind are bonding over pizza, beer and a mutual affection for their coral-colored debit cards. (more…)

Banks, Fintech news, Global trends

September 28, 2016

A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money. REUTERS/Brendan McDermid (UNITED STATES - Tags: BUSINESS) - RTX11OFA

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Goldman Says It Can Beat Fintech Ventures With Online Loan Terms

By Dakin Campbel for Bloomberg

Goldman Sachs Group Inc., the Wall Street investment bank pushing into online consumer lending, expects it can make loans on more competitive terms than Silicon Valley upstarts that pioneered and dominate the business. (more…)

Analytics, Fintech news, Global trends, Hotnews

September 28, 2016

Banks Will Start Actually Using Blockchain Next Year: IBM Report

By Tanaya Macheel for American Banker

For banks eyeing blockchain technology, 2016 has been the year of tests, trials and proofs of concept. By this time next year, however, some 15% of them could be running blockchain solutions in the wild, according to research by IBM. (more…)

Analytics, Blockchain, Global trends

September 28, 2016

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Public blockchain investments heat up: $5 million in 5 minutes

By Alex Sunnarborg for VentureBeat

In early 2016 it started becoming obvious that Bitcoin hadn’t just given rise to a full new asset class of blockchain related projects but that these entities werereinventing how early stage fundraising is done. (more…)

Blockchain, Cryptocurrencies

September 28, 2016

Passengers pack the waiting hall at Hongqiao Railway Station which services terminal two at Shanghai Hongqiao International Airport on July 29, 2014.  Eastern China was bracing for more flight delays on July 29, with reports saying Shanghai's main airports would be down to 25 percent capacity after aviation authorities warned of busy airspace. The Civil Aviation Administration of China (CAAC) last week confirmed military exercises are behind widespread flight delays and cancellations in the latter part of July.     AFP PHOTO / JOHANNES EISELE        (Photo credit should read JOHANNES EISELE/AFP/Getty Images)

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Chinese Travelers Boost Growth for Payment Platform Alipay

By Reuters

It has 80,000 merchants worldwide under its belt.
China’s Alipay payment platform has inked deals with 10 overseas airports as it looks to expand on the back of Chinese consumers’ growing appetite for travel, and has already signed up more than 80,000 merchants worldwide, a senior executive said Monday. (more…)

Fintech news, Global trends, p2p-payments

September 28, 2016

Banks see strong potential for AI in payments – Finextra Research

Pelican, a leading provider of solutions to the financial services sector, today released the findings of its global survey ‘Leveraging artificial intelligence for payments efficiency’, which explores the attitudes of senior payment professionals within banks and corporates towards the use of artificial intelligence (AI) in supporting the payments business and related processes. (more…)

Fintech news, Global trends

September 27, 2016

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Bank payment revenues hit $1.1 trillion in 2015 – BCG

From BCG

Facing tough challenges both from small fintech startups and from global digital giants, incumbent transaction-banking leaders must improve customer journeys, maximize security, minimize complexity, and add value beyond pure payments if they hope to survive and thrive, according to a new report by The Boston Consulting Group (BCG). (more…)

Global trends, Hotnews

September 27, 2016

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The world’s largest experiment in giving people free money launches in October — here’s how it’ll work

By Chris Weller for BI

A groundbreaking social experiment will begin in Kenya in roughly one month. (more…)

Fintech news, Global trends, Hotnews

September 27, 2016

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Blockchain Just Made Some New Friends in Congress

By Jeff John Roberts for Fortune

Meet the Blockchain Caucus. (more…)

Blockchain, Hotnews

September 27, 2016

Samsung plans voice and face biometrics for mobile banking

Sensory Inc., a Silicon Valley company focused on improving the user experience and security of consumer electronics through state-of-the-art embedded voice and vision technologies, and Samsung SDS, a global ICT service provider, today announced a global partnership that will provide customers with a more secure, more convenient way to use mobile banking and enterprise authentication services. (more…)

Fintech news, Global trends

September 27, 2016

Blockchain Could Be Music’s Next Disruptor

 

by  for Fortune Magazine

Artists can finally get what they deserve. (more…)

Blockchain, Cryptocurrencies

September 27, 2016

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33 Insurtechs To Know

Vladislav Solodkiy for InsurTech Conf 2016 in Singapore.

Yet over the last 18 months, over 100 insurance startups have launched. VentureScanner counted about 550 insurtechs total. Many entrepreneurs are waking up to the fact that insurance is arguably one of the most old-fashioned, analog consumer services in existence, and they are creating companies to upend this premise.

Full PDF – Download
(more…)

Fintech news, Hotnews

September 27, 2016

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FTV Capital raises $850 million fund for investments in fintech and enterprise

By Chris O’Brien for VB

FTV Capital announced today that it has closed its fifth fund — totaling $850 million — a number that brings its total raised over the past 20 years to $2.7 billion. (more…)

Global trends, Hotnews

September 27, 2016

The logo of Intel is seen during the annual Computex computer exhibition in Taipei, Taiwan June 1, 2016. REUTERS/Tyrone Siu

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R3, eight banks successfully test Intel blockchain platform for bond trading

By Reuters

U.S.-based financial innovation start-up R3 announced on Monday that it and eight banks, including HSBC and State Street, have successfully tested a blockchain platform powered by Intel Corp technology for bond transactions. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news

September 27, 2016

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McKinsey says digital finance adoption could add trillions to high growth economies

By Jack Bright for Techcrunch.com

Adoption of digital finance could add $3.7 trillion dollars to the GDP of emerging markets economies, including $1.1 trillion in China alone, according to a new McKinsey & Company report. (more…)

Banks, Cashless, Hotnews

September 22, 2016

Scrip is a luxurious sci-fi wallet for a cashless future

By Adi Robertson for The Verge

If you could really feel your digital money — the way you can feel the metal of a quarter or the paper of a $20 bill — would you spend it more wisely? This is the question behind Scrip, a product concept from studio NewDealDesign. As companies like Apple make financial transactions as close to invisible as possible, NDD is imagining a future where every purchase is a literally weighty decision. And to realize this dream, it’s built something sleek, science fictional, and more than a little strange. (more…)

Banks, Cashless

September 22, 2016

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When a Blockchain Isn’t a Blockchain

By  for Bloomberg Views

The consulting company Accenture has come up with a way to render the blockchain — the technology behind Bitcoin — more palatable to the world of high finance. The innovation: Make it not a blockchain. (more…)

Blockchain, Cryptocurrencies

September 22, 2016

HSBC Seeking Fintech Hub in London’s Hipster Neighborhoods

By Stephen Morris for Bloomberg

HSBC Holdings Plc is seeking office space in technology-focused London neighborhoods including Shoreditch to bolster its fintech capabilities, according to two people with knowledge of the move. (more…)

Banks

September 22, 2016

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IBM and Bank of Tokyo-Mitsubishi UFJ Develop Blockchain-Powered Contract Management System

 for BitcoinMagazine

IBM announced that it has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to apply blockchain technology to the design, management and execution of contracts among business partners. The first pilot projects will automate business transactions between the two companies. (more…)

Banks, Global trends, Hotnews

September 22, 2016

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‘World’s largest fintech hub’ to launch in Singapore in November

By Judith Balea for TechinAsia

Asian private investment group Marvelstone announced today it will open a fintech hub spanning more than 30,000 square feet – said to be the world’s largest – in Singapore in November. (more…)

Hotnews

September 22, 2016

Insurtech startup FinanceFox raises $28M in Series A

By Finextra

FinanceFox, Europe’s leading independent service platform for insurances, brokers, and consumers, announced today that it has raised $28M – the largest InsurTech round in Europe to date – led by Target Global and Horizons Ventures. (more…)

Deals, Insurance

September 21, 2016

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BNP Paribas To Let Companies Issue Mini-Bonds On Its Blockchain Platform

(more…)

Banks, Blockchain

September 21, 2016