Robinhood to gain $5.6 billion valuation on new funding – WSJ

Fee-free stocktrading app RobinHood is eyeing an incredible $5.6 billion valuation on the back of a forthcoming fund raising round, according to the Wall Street journal. (more…)

Global trends, Hotnews

March 16, 2018

Fundbox addresses SME access to credit with Fundbox Pay

By Fundbox

Today Fundbox, the leading small business growth company, announced the launch of Fundbox Pay, a new payment and credit solution servicing the $4.5 trillion small business-to-business (SMB2B) transactional market in the U.S. (more…)

Fintech news, Global trends, p2p/online lending, SME

March 16, 2018


Adyen launches POS offering in Singapore

By Adyen,

Adyen, the payments platform of choice for the world’s leading companies, today announced the launch of its point of sale (POS) offering in Singapore, extending its unified commerce footprint to 27 countries and more than 4,000 cities. (more…)

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

March 15, 2018

Calculating Taxes on Cryptocurrency Gains

By Vamshi Vangapally for his Blog

It’s tax season and would like to help all beginners and experienced traders on calculating gains and filing taxes


Cryptocurrencies, Fintech news

March 15, 2018


Indian fintech sector needs regulatory support to flourish

India’s nascent fintech sector has huge potential but requires a supportive regulatory environment and investment in human talent to flourish, a new report commissioned by Yes Bank suggests. (more…)

Banks, Global trends, InspirAsia

March 15, 2018


The Good, The Bad & The Ugly: Monetary Authority of Singapore Critiques Cryptocurrency Market

In a speech delivered at the Money20/20 Asia conference in Singapore, Ravi Menon, MD of the Monetary Authority of Singapore (MAS) delivered a speech assessing the state of cryptocurrencies and initial coin offerings (ICOs). Entitled, “Crypto Tokens: The Good, The Bad, and The Ugly,” Menon leveraged the popular theme of the legendary Spaghetti Western that starred a young Clint Eastwood. (more…)

Blockchain, Cryptocurrencies, Global trends

March 15, 2018


Revolut adds direct debits in Europe

Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. (more…)

Fintech news, Global trends, Hotnews

March 15, 2018

Experian acquires UK’s ClearScore and its financial product matching engine for $385M

By Ingrid Lunden for TechCrunch

While credit-scoring behemoth Equifax continues to work through the fallout from its massive security breach, one of its big competitors is snapping up a startup in the UK to diversify its business. Experian today announced that it is acquiring ClearScore, which has built a platform that — like Experian — offers you a credit score, which it then uses it to suggest financial products like credit cards that fit the bill, so to speak. Experian is acquiring ClearScore for £275 million ($385 million), plus an unspecified earnout based on future performance. The deal is expected to close later this year. (more…)

Deals, Fintech news, Hotnews

March 15, 2018


Ant Financial enters Pakistan through Telenor deal

China’s Ant Financial has set its sights on Pakistan, agreeing to buy a 45% stake in a local mobile financial services outfit owned by Norwegian telco Telenor. (more…)

Fintech news, Global trends

March 14, 2018


Nordea rolls out contactless payments for Fitbit and Garmin wearables

Nordea is to provide customers with contactless payment options across a range of Fitbit and Garmin wearable devices. (more…)

Banks, Global trends

March 14, 2018


Tandem to buy personal finance app Pariti

UK digital challenger bank Tandem has stepped up its aggregation game by agreeing to acquire personal finance app Pariti. Financial terms have not been disclosed. (more…)

Banks, Fintech news, Global trends, Hotnews, Mobile-first banks

March 14, 2018


Stripe Files Reg D Indicating $38 Million Raise

Payments platform Stripe has filed a Reg D 506b with the Securities and Exchange Commission. The filing indicated the company has raised $38.6 million during the first week of March. According to the document, 36 investors participated in the equity offering. The document also indicated the raise was being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer. (more…)

Fintech news, Global trends, Hotnews

March 14, 2018


ING closes acquisition of majority stake in Payvision


ING has today completed the acquisition of its 75% stake in Payvision, a fast-growing, leading international omnichannel payments service provider. (more…)

Banks, Fintech news, Global trends, Hotnews

March 14, 2018


Coinbase gets e-money license in the UK, will add Faster Payments to speed up fiat deposits

By Steve O’Hear for TechCrunch

The will be welcome news for cryptocurrency fans in the U.K. and Europe. Coinbase, one of more popular and accessible cryptocurrency exchanges, has been granted an e-money license by the U.K. regulator the Financial Conduct Authority (FCA). (more…)

Blockchain, Deals, Hotnews

March 14, 2018


Mobile wallet growth in India

It seemed next to impossible when the thought of digitalizing the economy floated the market. India has always been a budding market and even today the country enjoys 97% of its transaction in cash. The situation was put to test in the market when the whole country which was banking on cash was forced to depend on other avenues as 86% of the cash in the market was withdrawn overnight. (more…)

eWallets, InspirAsia, Mobile payments/banking

March 14, 2018


OCBC Bank is to launch its own AI Unit


With an initial investment of $10M over three years, OCBC Bank adopts an ‘AI-first’ strategy in developing digital capabilities (more…)

AI / Machine Learning / Big Data, Banks, Hotnews

March 14, 2018


Fintech Alternative Banking Options (Infografic)

The traditional banking landscape has been dominated by the same banks for a considerable amount of time. The “Big Four”, combined with a few others, have created an oligopoly that remained unchallenged for years. The emergence of fintech and fintech companies represents a new threat to traditional banking and an increase in consumer choice. In fact 2017 saw more money invested in the UK fintech market than anywhere else in Europe, despite the concerns over Brexit. (more…)

Global trends, Hotnews, Mobile payments/banking, Mobile-first banks

March 12, 2018


Are Banks only in ‘Banking’ business?

By Vaibhav Grover – Genpact

According to US law, any institution offering deposits, subject’s withdrawal on demand and marketing loans of a commercial or business nature is Bank. The Oxford dictionary defines a bank as – “a bank is an establishment for the custody of money received from its customers .It’s essential duty is to pay their draft on it, its profit arises from its use of money left unemployed by them.” (more…)

Banks, Fintech news, Global trends

March 12, 2018


Japan is open-banking its arms to a fintech revolution

It is a little-known fact that Japan has embraced the notion of open banking, having been inspired by the European Payment Services Directive. In fact, not only has it embraced open banking, it is storming full steam ahead with it. And while an open banking ecosystem has not been mandated in Japan, the banks there are responding as if it had been. If we thought banks had a dire customer interface here in the UK, or anywhere for that matter, those of Japan’s banks were even worse. Yet they have adopted open APIs as a way to overcome this. (more…)

Banks, Fintech news, Global trends, Open Source/ API

March 12, 2018


Bank of Amazon could woo 70 million US customers within five years

Bain and Co, estimates that a banking service from Amazon could swell to more than 70 million US customer accounts within five years, equalling the size of the country’s third largest bank, Wells Fargo. (more…)

Banks, Fintech news, Global trends, Hotnews

March 12, 2018


BNP Paribas Fortis signs deal with Swedish PFM startup Tink

BNP Paribas Fortis in Belgium has struck a deal with Tink to incorporate the Swedish firm’s account aggregation service into the bank’s mobile app. (more…)

Banks, Fintech news, Global trends, PFM/PFP services

March 12, 2018

Emma integrates with Starling Bank

By Emma, 

London-based Emma Technologies LTD, after successfully receiving approval by the Financial Conduct Authority, has integrated with Starling Bank, the UK-based challenger bank. (more…)


March 12, 2018


Singapore’s Golden Gate raising US$100m venture capital fund: source

Singapore’s Golden Gate Ventures is raising a US$100 million third fund to continue investing in South-east Asia’s burgeoning market for e-commerce, payments and mobile apps, according to a person familiar with the matter. (more…)

Deals, Fintech news, Global trends

March 12, 2018


BBVA raises Atom Bank stake to 39% as part of £149 million funding round

UK digital-only Atom Bank has raised £149 million in a funding round which sees BBVA invest a further £85.4m in the startup, raising its stake to 39%. (more…)

Banks, Deals, Global trends, Hotnews

March 8, 2018


Babb raises $20m for blockchain banking platform

Having just raised $20 million in a sold-out token sale, British blockchain-based banking platform Babb has set its sights on opening its first bank accounts before the end of the year. (more…)

Blockchain, Deals

March 8, 2018


Banking platform solarisBank closes €56.6M Series B from BBVA, Visa, Lakestar, and others

By Steve O’Hear for TechCrunch

SolarisBank, the Berlin-based “banking platform” co-founded by fintech company builder Finleap, appears to be on quite a roll. (more…)

Fintech news

March 8, 2018


The SEC Kills Crypto Exchanges

By Howard Marks CEO at StartEngine and co-founder at Activision/Blizzard.

It was only a matter a of time. There were clearly signs this was going to happen already out there when the SEC went after defunct “exchange” BitFunder. Today, the SEC made its biggest announcement yet: all the crypto exchanges are illegal unless they register with the SEC. Why is this important? It turns out the entire $400B cryptocurrency ecosystem is based on trading altcoins or utility tokens. (more…)

Cryptocurrencies, Government activities

March 8, 2018


Square’s Cash app now supports direct deposits for your paycheck

By Fitz Tepper for TechCrunch

It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. (more…)

Deals, Global trends, Payment processors/providers/gateways

March 8, 2018

On International Women’s Day, these are the female innovators you should know about

By Wired,

Susan Fowler, Jean Liu and Adwoa Aboah share the names of women they look up to across technology, science, design and innovation


Fintech news, Global trends

March 8, 2018


Millennial bank Liv. adds bill-splitting and expense management to mobile app

Liv. the millennial-focused digital-only bank from Emirates NBD, has rolled out bill-splitting and budgeting applications to its mobile banking app. (more…)

Banks, Global trends, Mobile-first banks

March 8, 2018