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Commerzbank Selects Infosys to Renew its Investment Banking IT Landscape

By PR Newswire

Infosys and Commerzbank Will Establish a Domain-based Center of Competence (more…)

Deals, Fintech news, Global trends

May 23, 2016

1617

The mercurial nature of P2P lending

By Mike Lobanov for Techcrunch

The meteoric rise of e-lending platforms attracted a lot of interest among investors and entrepreneurs. Lending Club and OnDeck have already become public companies, and their competitors, such as Funding Circle, SoFi, Prosper, RateSetterZopa, Avant, Kabbage and others continue to develop and increase their loan portfolios. (more…)

Analytics, Fintech news, Global trends, Hotnews, p2p-payments, p2p/online lending

May 23, 2016

800

Chinese insurance giant Ping An’s healthcare app business raises $500m

By Chalida for DSA

Shanghai-based Ping An Health Cloud, operator of mobile healthcare app Ping An Haoyisheng, has completed the latest $500 million funding round, resulting in boosting the company’s value up to $3 billion. The identity of the investors was not disclosed, according to a report in China Money Network. (more…)

Fintech news

May 23, 2016

Three FinTech Developments That Benefit Borrowers

By Rohit Arora for Forbes

FinTech firms disrupted the small business credit marketplace by developing technology that streamlined the lending process and sped up the loan-making process to 21st century standards. (more…)

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

May 23, 2016

1124

All the cool kids are doing Ethereum now

By Jon Evans for Techcrunch.com

In the beginning the Prophet Satoshi brought us Bitcoin. And the cryptogeeks and libertarians looked upon it, and said lo, we smile upon this, for it is good, and decentralized, and solves the Byzantine Generals Problem. For a time all was well. But then came wailing and gnashing of teeth and wearing of sackcloth. And thencame the Prophet Vitalik, bearing Ethereum; and lo, it was even better. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, Hotnews, InspirAsia

May 23, 2016

1412

Deloitte just trashed the hype around a $180 billion fintech market

By Oscar William Grut for Business Insider

Deloitte just trashed the hype around the online lending industry. (more…)

Analytics, Fintech news, Global trends

May 23, 2016

Fintech revolution in India: Tech-finance collaboration has fired up entrepreneurs

By  for the Financial Express

The growing collaboration between technology and finance has fired the imagination of entrepreneurs to come up with innovative solutions, thereby expanding the scope of India’s tech startups, reports Prabhu Mallikarjunan  (more…)

Analytics, Fintech news, Global trends, India, InspirAsia

May 23, 2016

1135

How will marketplace lending become a mainstream investment asset class?

By Min Zhang for Techcrunch.com

A friend who recently started his own business couldn’t obtain a mortgage from three banks. I suggested he try marketplace lending platforms like SoFi to take advantage of the ongoing innovation in fintech. However, SoFi turned him down, as well, because it abides by the same underwriting rules as traditional banks. Like the banks, SoFi sells their mortgage loans to Fannie Mae. (more…)

Cashless, Fintech news, InspirAsia, p2p/online lending

May 23, 2016

2631

Southeast Asia financial comparison startup Jirnexu lands $3M to expand to digital banking services

By John Russel for Tech Crunch

Malaysia-based financial comparison startup Saving Plus has closed a $3 million Series A round to move into new digital banking services. The company has also renamed itself Jirnexu. (more…)

Deals, Global trends, InspirAsia

May 23, 2016

846

GoFundMe hits 25m donors and $2b raised on its giving platform

By Haje Jan Kamps for Techcrunch

GoFundMe seems to be everywhere these days; my social media feeds are never too many posts away from a campaign from the company raising funding for a cause or a goal. (more…)

Banks, Crowdfunding/investing

May 23, 2016

FlashFunders relaunches with crowdfunding support with the pass of Title III of the JOBS Act

By Jordan Crook for Tech crunch

In the wake of the passing of Title III of the JOBS Act, crowdfunding equity platform FlashFunders has relaunched its site with new features. (more…)

Fintech news

May 23, 2016

Financing your business – should you use P2P lending services or bank loans?

By Yong Heong Tung for e27.com

Advancements in the fintech space have opened up new avenues for businesses seeking to raise funding outside of traditional routes (more…)

InspirAsia, p2p-payments, p2p/online lending

May 23, 2016

707

For online lenders, it’s suddenly touch-and-go

By Connie Loizos for Techcrunch.com

Year ago, privately held online lenders like Prosper,SoFi and Avant looked all but certain to go public at the same unicorn valuations their venture investors had assigned them — if not higher. They were seemingly reshaping the student, consumer and small business lending business. The market they’re chasing is enormous: The U.S. consumer lending market is a $3.5 trillion business, and 22 of  the largest online marketplace platforms originated just more than $5 billion of unsecured consumer credit in 2014 and more than $10 billion in 2015. (more…)

Fintech news

May 23, 2016

780

Affirm is partnering with Expedia and Eventbrite so you can pay for experiences over time

By Fitz Tepper for Techcrunch.com

Affirm has made it no secret that its success will hinge on its ability to offer customers a wide range of retail partners where they can frequently use Affirm to pay. (more…)

Fintech news

May 23, 2016

681

FreeCharge users can now use WhatsApp to transfer money. Here’s why it’s important.

By Meghna Rao for TechinAsia

WhatsApp’s fast approaching the possibility of becoming more than just a chat app in India. (more…)

Fintech news

May 22, 2016

1177

The price of Ether, a bitcoin rival, is soaring because of a radical, $150 million experiment

By Joon Ian Wong for QZ

Thousands of people have pumped $150 million into what might be the biggest crowdfunded project in history, something called the Decentralized Autonomous Organization (DAO). Compare this to the $20 million raised by the project with the most funds on Kickstarter, the Pebble Time smartwatch. The strange thing about this crowdfunding is that the DAO doesn’t produce any concrete products or services–not yet, anyway. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 22, 2016

1535

The DAO of accrue

By the Economist 

A new automated investment fund has attracted stacks of digital money (more…)

Blockchain, Cryptocurrencies, Global trends

May 22, 2016

2577

Vitalik Buterin will be in Singapore on 2nd-3rd of June

22 y.o. Russian Canadian (ex hacker and now) famous digital-entrepreneur Vitalik Buterin aka “Digital Lenin” will be in Singapore on 2nd and 3rd of June. Here you can find everything you should know about him, Etherium, The DAO and “smart contracts” – this post is based on materials by Forbes, Wired, FastCompany, TechCrunch, BitcoinMagazine and the Economist.

(more…)

Blockchain, Cryptocurrencies, eWallets, Fintech news, Global trends, Hotnews

May 22, 2016

730

Indiegogo improves crowdfunding with a stamp of approval for hardware projects

By Haje Jan Kamps for Tech Crunch

One of the biggest challenges of a hardware crowdfunding campaign is delivering in a timely fashion. Indiegogo knows that better than most, and is teaming up with Arrow Electronics to help entrepreneurs deliver products through engineering assistance and go-to-market support. (more…)

Fintech news

May 21, 2016

Capital One Launches U.K. Fintech Accelerator

By Tanaya Macheel for American Banker

Capital One in McLean, Va., has launched an accelerator program for U.K. fintech startups. (more…)

Deals, Fintech news, Global trends

May 20, 2016

939

Samsung partners with Alibaba on mobile payments

By Steven Musil for CNet

World’s biggest phone maker inks payments deal with the financial affiliate of China’s biggest e-commerce company.

(more…)

Deals, Fintech news, Global trends, InspirAsia

May 20, 2016

1183

Better with bitcoin

Blockchain technology could improve the reliability of medical trials

(more…)

Blockchain, Cryptocurrencies, Global trends

May 20, 2016

1235

LendingClub Is Ruining It for the Rest of Fintech

Fintech news, Global trends, Government activities, Hotnews

May 20, 2016

Personal Capital raises $75M, bolstering global fintech boom

By PitchBook

Analytics, Fintech news, Global trends, InspirAsia

May 20, 2016

1316

OCBC claims to be first Singaporean bank to use voice recognition for transactions

By Judith Balea for TechinAsia

OCBC Bank has been busy launching a string of firsts to ride the fintech boom. It just announced it has deployed voice recognition solutions to make it easier for customers to access different services. (more…)

Banks, Cashless, Fintech news, Global trends, Hotnews, InspirAsia

May 20, 2016

944

April’s total investment value doubled up from last year to $11b over 290 deals (INFOGRAPHIC)

Investment highlights

Asia saw a total of US$10.92 billion invested across more than 290 deals last month. Alibaba’s spinoff company Ant Financial raised the biggest investment round ever recorded for tech companies. In comparison to India, Southeast Asia saw a bigger funding amount invested in the region, and Indonesia took the crown home as country with the highest funding growth. More details in the infographic below! (more…)

Fintech news, Global trends, InspirAsia

May 20, 2016

1189

Korea will pay to move your startup to Seoul — and why you should let them

By Nathan Millard for VentureBeat

 

At the start of 2015, I did something that would have seemed insane ten years earlier: I launched a startup in Seoul, Korea, as a Brit.

(more…)

Global trends, Government activities, InspirAsia

May 20, 2016

1364

From Rwanda to the Dominican Republic: This is the big impact of microfinance

By Knowledge@Wharton

Microfinance is a powerful tool that can transform communities by lifting the poorest individuals out of poverty. David Simms, who has served in various leadership positions with the nonprofit Opportunity International for the past 30 years, understands the potential of microfinance. He’s seen its impact in more than two dozen countries, where his organization has leveraged the financial instruments to improve daily life. Simms is the former president and global chief development officer of Opportunity U.S. who recently founded Olive Tree Advisors, a consulting firm to nonprofits. He sat down with Tyler Wry, a management professor at Wharton, to share his insights on where the field is heading.

(more…)

Cashless, Global trends, Government activities

May 20, 2016

710

Paytm shakes hands with Uber and Alipay for payments across 400 cities worldwide

By  for TechinAsia 

Till now, if you were an Uber user in India who wanted to hail a cab anywhere outside the country, you would have had to mandatorily register a credit card on your account. (more…)

Fintech news

May 20, 2016