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SBI’s Intech to engage startups in FinTech

(SBI) chairman Arundathi Bhattacharya on Thursday announced Intech, an initiative to team up with startups to create financial technology (FinTech) solutions for banks. (more…)

Banks, Cashless, Deals, Fintech news

January 14, 2016

654

Deals: PolicyGenius Raises $15 Million For Its Online Price Comparison Insurance Brokerage

By Jonathan Shieber for Techcrunch.com,

Brooklyn-based PolicyGenius has raised $15 million in a new round of funding to expand its price comparison insurance brokerage service. (more…)

Deals, Fintech news, Insurance

January 14, 2016

756

PayPal Adds Bitcoin Entrepreneur To Its Board To Focus On The Future Of Money

By Jon Russell for Techcrunch.com,

PayPal has made a notable move to position itself for the future of money and currency after it added seasoned fintech figure and bitcoin entrepreneur Wences Casares to its board. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 14, 2016

510

Deals: Moneybox Scores $3M Seed To Make It Easy For Millennials To Save And Invest

By Steve O’Hear for Techcrunch.com

Yet-to-launch Moneybox is a U.K. startup that wants to encourage millennials who might not be thinking too much about their financial futures to save and invest. (more…)

Cashless, Deals, Fintech news

January 13, 2016

534

Wealthfront Launches Portfolio Review, An Advisory Tool For Avoiding Fees And Maximizing Savings

By Jonathan Shieber for Techcrunch.com

Ever year investors pay out hundreds of billions of dollars (that’s billions with a “b”) in fees to money managers that, essentially, they really don’t need to be paying. (more…)

Fintech news

January 13, 2016

823

TransferWise and YouGov report: “How Tech is democratizing the Financial services sector”

By  for Crowdfundinsider.com

Almost one third of Americans are likely to be using a technology provider and not a bank for the majority of their financial services activity in just five years time, according to a new report launched by TransferWise, the peer-to-peer international money transfer platform. (more…)

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

January 13, 2016

567

CoinDesk Gets Acquired By Digital Currency Group

By Lucas Matney for Techcrunch.com,

CoinDesk, one of the leading bitcoin news sites, has been acquired by Digital Currency Group according to a post on the company’s site. A source close to CoinDesk tells TechCrunch the price of the deal was around $500-600k. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 13, 2016

556

Fintech comes to Davos

Fintech will be high on the agenda at this year’s World Economic Forum jamboree in Davos, as senior bankers take to the stage to discuss the digital convulsion hitting their industry, and smaller startups stalk the halls.

(more…)

Fintech news, Mobile payments/banking, news

January 13, 2016

726

The Peer-to-Peer Loan Industry Has Been Getting Slammed

By Tracy Alloway for Bloomberg.com

So far, 2016 has not been a good year for peer-to-peer, or marketplace, lenders. (more…)

Analytics, Fintech news, p2p-payments, p2p/online lending

January 13, 2016

BofA Has $3 Billion to Pour Into Innovation as Banks Are Swarming Around FinTech Startups

With the financial industry heating up, banking giants are looking to catch the innovation wave and leverage the opportunities FinTech startups create. One of the largest American banks, Bank of America—along with other banking industry giants—is taking steps to embrace FinTech and innovation in a wide range of financial services. (more…)

Banks, Fintech news, news

January 12, 2016

2016

John Biggs leaves ‘Best job ever’ to run a fintech company

It’s hard to deny the brain drain to the FinTech industry occurring nowadays. And this is no surprise – the industry has been showing rapid growth recently. The overall investment in the sector reached millions of dollars and financial technology startups inconspicuously turned into red hot investments.

(more…)

Fintech news, news, People of fintech

January 12, 2016

The Business of Data

By Naka Kondo for the Economist,

More and more organisations are collecting and storing vast amounts of data. Yet for all the excitement generated by the potential of this data to transform business models—turning it directly into cold, hard cash can prove difficult. (more…)

Banks, Fintech news, Global trends

January 12, 2016

740

Deals: P2P Start-Up Duanrong Completes $59M Series B Round

Chinese P2P (peer-to-peer) lending start-up Duanrong has completed RMB390 million (US$59 million) series B round of financing from pharmaceutical company Furen Group, according to announcements (in Chinese) posted on the company’s Weibo account. (more…)

China, Deals, Fintech news, Mobile payments/banking, p2p-payments, p2p/online lending

January 12, 2016

634

Deals: Insurance Brokerage App FinanceFox Raises $5.5M Led By Salesforce Ventures

By Steve O’Hear for Techcrunch.com,

Like Knip, FinanceFox is another startup founded in Switzerland that is moving the insurance brokerage process online. Its mobile app lets you manage of all your existing insurance and get advice regarding gaps in your coverage or ways to save money on your insurance requirements going forward. (more…)

Deals, Fintech news, Insurance

January 12, 2016

Crowdo launches, unfazed by other ECF platforms

By Goh Thean Eu for Digital news Asia,

CROWDFUNDING platform operator Crowdo, which officially launched its equity crowdfunding (ECF) platform in Malaysia on Jan 11, believes it has what it takes to beat off its rivals and emerge on top. (more…)

Crowdfunding/investing, Fintech news

January 12, 2016

705

TechCrunch Editor John Biggs Leaves ‘Best Job Ever’ And Becomes FinTech Entrepreneur

  for Coinspeaker,

It’s hard to deny the brain drain to the FinTech industry occurring nowadays. And this is no surprise – the industry has been showing rapid growth recently. (more…)

Fintech news, news

January 12, 2016

679

China Broadband Capital Joins Series B Round In Ping++

Ping++ (2014, Shanghai) Payment processor that offers integrated mobile payment SDKs and comprehensive payment solutions for developers, has raised $10M in Series B funding led by China Broadband Capital and Shengjing Technology, with participation from Sequoia and Linear Ventures.

(more…)

China, Deals, Fintech news

January 12, 2016

736

Deals: Toast, A Point Of Sale Service For Restaurants, Raises $30M

By Mathew Lynley for techcrunch.com

When Chris Comparato joined his former colleagues at Toast, a service that includes a point-of-sale tool for restaurants, raising new financing to continue scaling the company was near the top of the list.

(more…)

Deals, Fintech news

January 11, 2016

782

Seven flavours of fintech in insurance

By Roger Peverelli and Reggy de Feniks
Roger and Reggy are the authors of the worldwide bestseller ‘Reinventing Financial Services’ and the founders of Digital Insurance Agenda and DIA Barcelona

Successful insurtechs tap into the key challenges insurers are facing. A sneak peek at the seven different flavours of winners in fintech insurance. Insurtechs that accelerate the digital transformation of the industry. (more…)

Fintech news, Insurance

January 11, 2016

657

Deals: Mambu, The SaaS Banking Platform, Picks Up €8 Million Funding

By Steve O’Hear for Techcrunch.com,

Mambu, the SaaS banking platform, has raised a further €8 million in funding. The round was led by Acton Capital Partners and CommerzVentures, with participation from existing investors. The additional capital will be used to expand its commercial team, invest in the platform and to open new offices in Asia and the Americas. (more…)

Banks, Deals, Fintech news

January 11, 2016

Starling raises $70m for UK banking market push

By Emma Dunkley for ft.com

Starling Bank has recruited a former regulator and a number of industry heavyweights for its board while raising $70m to spearhead its attempt to move into the UK banking market. (more…)

Banks, Deals, Fintech news

January 11, 2016

Millennials Are Starting to Change the Stock Market

By Sofia Horta E Costa for Bloomberg Business,

Alistair Owen pours most of his paycheck into what he calls a travel-and-lifestyle fund. (more…)

Fintech news

January 10, 2016

939

2016: A pivotal year for the future of fintech

By finextra

We asked Bruce Wallace, chief digital officer of Silicon Valley Bank, whether a fintech bubble is brewing. (more…)

Fintech news, Global trends

January 10, 2016

Australia bourse ASX invests $10m in US blockchain developer Digital Asset Holdings

By Swati Pandey for DealStreet Asia mag,

Australian markets operator ASX Ltd on Friday said it has bought a minority stake in a U.S. blockchain developer, positioning itself to become the first stock exchange in the world to use distributed ledger technology for public companies. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 10, 2016

679

CBS, PLDT unit to service loans through online platform Lendr

by Maricel Burgonio for Manila Bulletin,

China Bank Savings (CBS) has partnered with PLDT unit  Voyager Innovations to service loans through Lendr, the country’s first online marketplace platform for consumer loans. (more…)

Banks, Cashless, Fintech news

January 9, 2016

Kabbage Vs. OnDeck: Which is Best for Your Small Business?

By Rieva Lesonsky for Fundera Ledger,

If you’re a small business owner trying to secure a small business loan, the good news is you have more options available to you than ever before. In fact, sometimes you might feel as if you have so many choices, it’s hard to determine the best source of financing. In this article, I’ll try to help out by taking a closer look at two very popular alternative financing sources, Kabbage and OnDeck, and when it comes to Kabbage vs. OnDeck, how they differ.  (more…)

Fintech news, SME

January 9, 2016

Tracxn Alternative Lending Report

Tracxn Alternative Lending Report (202 Pages) finds that the Alternative Lending space has received a tremendous amount of investment in 2015, symbolizing the growing relevance and popularity of the segment. (more…)

Fintech news, p2p/online lending

January 9, 2016

821

Singapore: Payments firm 2C2P gets strategic investment from SafeCharge, to gain access to global e-commerce

By Shiwen Yap for Dealstreetasia.com,

Mobile payment is set to become a viable everyday tool over the next few years (more…)

Banks, Fintech news, news, Singapore

January 9, 2016

649

The Bitcoin Story: Money, Drugs — and Wall Street

By Wharton School of Management,

Is Bitcoin a high-tech pyramid scheme or an important piece of finance for the future? The value of the virtual currency soared to $1,200 in 2013 before crashing to about $100 in 2014 and recovering to $300-$500 more recently.

(more…)

Blockchain, Fintech news

January 8, 2016