MENU

Author

139

N26 introduces metal card for ‘global generation’

By N26

The world is now closer and more connected than ever. Yet we still have a desire for the physical—items that you can hold and call your own. (more…)

Fintech news, Global trends, Mobile-first banks

December 6, 2017

126

Intuit’s ‘rise of the rest’ M&A strategy means large paydays outside the Valley

By Danny Crichton for Techcrunch

This morning, Frederic reported that Intuit has acquired TSheets, a time-tracking service, for $340 million. That’s one of the highest prices that Intuit has ever paid for an acquisition, roughly equal to the cost of the company’s acquisition of Mint Bills / Check in 2014, and slightly smaller than the acquisition of Demandforce in 2012 for $423 million (which Intuit has since divested in). (more…)

Deals, Global trends, Hotnews

December 6, 2017

117

Raisin grows banking panel to 40 as customer numbers rise to 100,000

Shortly before the end of the year, Raisin has reached two further important milestones: The total number of customers has grown to 100,000 and, in addition, Raisin has integrated more than 40 partner banks from 18 European countries. (more…)

Global trends, Hotnews

December 6, 2017

101

Orange Bank deploys Moneythor PFM app

By Moneythor

Moneythor, the financial technology company providing banks and fintech firms with a digital banking toolkit and data-driven personalisation engine, has been deployed by Orange Bank in its new all-in-one mobile banking service. (more…)

Banks

December 6, 2017

130

Hope grows that a larger SEC crackdown on ICOs is coming — and soon

By Connie Loizos for techcrunch

More than $3 billion has been raised through so-called initial coin offerings so far in 2017. Yet while numerous of these have already proven to be good old-fashioned scams, regulators in Washington have remained relatively quiet aside from warning issuers that at least some coins sold in ICOs could be considered securities; publishing a statement saying celebrity endorsements of ICOs may be unlawful without appropriate disclosures around compensation; and bringing two cases against fraudulent coin offerings. (more…)

Blockchain, Cryptocurrencies, Fintech news, Hotnews

December 6, 2017

121

Jeff Bezos, Eric Schmidt, and others give $150 million to Steve Case’s Middle America startup fund

By Anna Hensel for VentureBeat

Steve Case — cofounder of AOL and creator of the Rise of the Rest tours, which highlight startup activity in places outside of Silicon Valley — has secured $150 million for a new venture capital fund. He has procured backing from some big names in the Valley for the fund, which is also called Rise of the Rest and which will invest in startups in traditionally overlooked markets in the U.S. (more…)

Fintech news

December 5, 2017

Open Banking – Consumer Impact

By Kunal Patel

I have read quite a lot on Open Banking over the last couple of years, what it means to the industry, the players and more importantly the consumer. The revised Payment Services Directive (PSD2) is required to be implemented in the UK by 13 January 2018. (more…)

Banks, Global trends, Open Source/ API

December 5, 2017

Payza lets users buy altcoins

By Payza

Payza, an award-winning payment processor, today announces the launch of its latest cryptocurrency service: Buy Altcoins. (more…)

Fintech news

December 5, 2017

Moscow to pilot blockchain platform for e-voting

By Moscow Government

Today Moscow authorities have announced a pilot project to implement blockchain in its e-voting system Active Citizen. (more…)

Fintech news

December 5, 2017

Target launches mobile wallet

Following in the footsteps of Walmart and CVS, Target has become the latest American retail giant to launch its own mobile payments service. (more…)

eWallets, Fintech news, Global trends, Hotnews

December 5, 2017

R3’s Corda arrives on AWS Marketplace

By R3

Enterprise software firm R3’s Corda has become one of the first distributed ledger technology (DLT) solutions available to users of Amazon Web Services (AWS), enabling AWS’s network of users to build and deploy applications for finance and commerce on R3’s Corda. (more…)

Deals, Hotnews

December 5, 2017

106

WePay CEO On Chase Acquisition And What’s Next

“A couple of years ago, everyone was talking about integrated payments,” WePay CEO Bill Clerico told Karen Webster in a recent conversation. “Now people aren’t just talking about it – they are doing it and focusing in on it.” (more…)

Banks, Deals, Global trends, Hotnews

December 5, 2017

145

No CEO needed: These blockchain platforms will let ‘the crowd’ run startups

By Jeremy Epstein for Venture Beat

Back in May, I wrote about the concept of DAOs, decentralized autonomous organizations capable of running themselves thanks to blockchain technology — no CEO or C-Suite needed. At the time I was writing, there were a few people in the blockchain community testing out the idea but no strong efforts underway. That was six months ago. (more…)

Blockchain, Cryptocurrencies

December 4, 2017

164

Deutsche Bank hops on WeChat

Deutsche Bank is looking to keep in touch with its Chinese-speaking customers by jumping onto WeChat, the social media giant with nearly a billion active users. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

December 4, 2017

122

RBS and Allianz join C$45m funding round for quantum computing startup 1QBit

A host of financial services firms, including the Royal Bank of Scotland, have joined a C$45 million Series B funding round for Vancouver-based quantum computing startup 1QBit Information Technologies. (more…)

Deals

December 4, 2017

112

Money app Yolt hits 100,000 UK users in less than six months

By Yolt

Yolt, the money app owned by ING, has reached 100,000 registered app users in less than six months of Open Beta in the UK. (more…)

Banks, Deals, Hotnews, Mobile-first banks, PFM/PFP services

December 4, 2017

115

How startups should approach working with large banks

How can a technology startup of 30 people, service its small group of clients with a combined workforce of over one million employees, $1 trillion in market cap and decades of legacy systems? By adopting a ‘Thin Wedge’ approach to innovation, says Guy Halford-Thompson, co-founder and director of enterprise blockchain company BTL Group.

Deals, Fintech news, Global trends

December 4, 2017

134

Monzo looks into opening Cardiff office

Digital challenger bank Monzo is hiring up to 60 customer operations staffers in Cardiff as it tests the waters ahead of a decision on opening a large-scale office in the Welsh city. (more…)

Banks, Mobile-first banks

December 4, 2017

First Data completes BluePay acquisition

By BluePay

First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today announced the successful completion of its acquisition of BluePay Holdings, Inc. from BluePay’s current owners including TA Associates and BluePay management. (more…)

Deals, Fintech news

December 4, 2017

Emma launches closed beta

By Emma

December, 2017 – London-based Emma Technologies LTD has started rolling out invites to join its closed beta. After successfully releasing Emma, an app for Android and iOS, the company has given priority access to the thousands of users who signed up on the website. (more…)

Fintech news, Global trends, PFM/PFP services

December 4, 2017

147

Coinsilium Group buys 30% stake in ICO advisory outfit StartupToken

By Coinsilium

Coinsilium Group Limited (NEX: COIN), the blockchain venture builder and investor that finances and manages the development of early-stage blockchain technology companies, is pleased to announce it has acquired a 30% equity stake in StartupToken Limited (“StartupToken”), a provider of accelerator and advisory services to technology start-ups and companies looking to undertake Token Generation Events (“TGEs”), sometimes referred to as Initial Coin Offerings (“ICO’s”). (more…)

Blockchain, Cryptocurrencies, Deals, Global trends

November 30, 2017

156

Singapore October bank lending up 1.4%: MAS

SINGAPORE’S total bank lending in October climbed 1.4 per cent from September, on the back of higher loans to financial institutions. (more…)

Banks, Government activities, Hotnews

November 30, 2017

352

Nordea sets up fintech fund; invests in Betalo

Nordea has become the latest bank to set up a venture fund to invest in fintech startups and gain a headstart in the race towards digitalisation. (more…)

Banks, Deals, Global trends

November 30, 2017

143

Singapore banks could lose 5% of operating income from disruption: MAS study

SINGAPORE banks that do not fend against fintech disruption could stand to lose more than 5 per cent of their operating income, a study by the Monetary Authority of Singapore (MAS) showed on Thursday. (more…)

Fintech news, Global trends

November 30, 2017

146

Maybank’s Q3 profit up 13%, helped by Islamic banking business

[KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia’s biggest lender by assets, reported on Thursday a 13 per cent rise in third-quarter profit, lifted by higher net interest income and better performance at its Islamic banking operations. (more…)

Banks, Fintech news, Global trends

November 30, 2017

139

Revel Secures $17M Growth Equity Investment

Revel, a Minneapolis, Minn.–based health engagement company, secured a $17m growth equity investment. (more…)

Fintech news, Global trends, POS/mPOS and online acquiring

November 30, 2017

167

Singapore Exchange to overhaul clearing and settlement

By Singapore Exchange

Singapore Exchange (SGX) plans to make changes in the clearing and settlement of securities in the Singapore stock market. (more…)

Fintech news, Global trends, Hotnews

November 29, 2017

230

Nordea brings e-invoicing to Facebook Messenger

Nordea has collaborated with Nordic payments processor Nets on a service which enables consumers to post invoices and pay their bills via Facebook Messenger. (more…)

Banks, Fintech news, Global trends, Hotnews, SME

November 29, 2017

Digital Bank Revolut Prepares to Launch Cryptocurrency Features

Digital only challenger bank Revolut is preparing to enter the cryptocurrency world with new features on their bank app to allow users to exchange and use Bitcoin and other digital currencies. While some traditional banks look at crypto with disdain (heres looking at you, Jamie Dimon), Revolut is embracing the future and providing a service that users demand. For a traditional bank to incorporate a new feature like this it would take months, perhaps years, of internal discussion. This committee and that one would weigh in on the costs and benefits – to the detriment of actual action that would provide a service consumers want. This is not the case with an agile bank like Revolut. You just go and do it. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

November 29, 2017

121

OurCrowd Forms New Partnership With UK Investment Firm Oxx

Israel-based crowdfunding platform OurCrowd has reportedly formed a new partnership with UK-based investment firm, Oxx. According to The Times of Israel, the new partnership will allow OurCrowd to invest in portfolio companies as they move to the growth stage. The collaboration will also provide Oxx’s investors and portfolio companies access to OurCrowd’s invest network, which is available in 110 countries throughout the world. (more…)

Crowdfunding/investing

November 29, 2017