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489

Insights from Google and Facebook at the Future of Digital Banking, Asia Pacific – Hosted by MarketForce

By LTP

“The Future of Digital Banking: Asia-Pacific” was hosted by Marketforce on March 21 and 22, 2017 in Singapore. The conference managed to bring together an interesting set of C-suite, senior bankers, industry experts, tech companies and the startup community. (more…)

About, Cashless, Fintech news, Global trends, InspirAsia

April 4, 2017

958

InsurTech – FinTech’s Next Frontier: Can It Insure a Billion People?

By LTP

According to a global quarterly report by KPMG, last year, USD $24.7 billion was invested in FinTech companies across the globe. India too has witnessed a flurry of venture capital investments, particularly in the areas of SME lending, P2P lending, mobile wallets, payment services and robo-advisory. As a venture capital firm investing in startups “impacting the masses,” we have a deep interest in FinTech companies that can integrate large sections of the population into the formal financial infrastructure by providing more than just access to finance. One such exciting segment is insurance technology (or InsurTech) i.e., leveraging technology to make insurance more affordable and accessible.  (more…)

About, Fintech news, Insurance

March 3, 2017

3417

Ledger Fever: 95 Bitcoin & Blockchain Startups In One Market Map

By CB Insights

Bitcoin and blockchain companies are popping up in numerous sectors, including financial services, social, intellectual property, and IoT.

Funding to the sector has gone from almost no investment in 2012 to over $500M in each of the past two years. Corporations and their venture arms, especially those in financial services, have entered the fray in large numbers, looking to blockchain and distributed ledger solutions to address pain points that include data reconciliation, clearance, and settlement, among other issues. Major global banks and financial intermediaries are working closely with blockchain companies using the new technology to revamp legacy systems and infrastructure. (more…)

About, Analytics, Blockchain, Cryptocurrencies, Fintech news

February 28, 2017

564

The role venture capitalists can play in pairing banks and fintech

By Brian Patrick EhaAmerican Banker

Nigel Morris thinks a lot about language.

A common language — a lingua franca, as Morris calls it — is what allows the former co-founder of Capital One to collaborate effectively with his partners and employees at QED Investors, the Alexandria, Va.-based venture capital firm he founded in 2007. (more…)

About, Banks, Fintech news, Interviews

February 28, 2017

992

Lendit USA Review: Keynote Presentation by Peter Thiel “Developing the Developed World”

by 

An interesting previous Lendit USA Keynote Presentation: Developing the Developed World with entrepreneur and investor Peter Thiel. (more…)

About, Fintech news, Interviews, People of fintech

February 27, 2017

839

Online Lending for Students Is on the Rise

By Vladislav Solodkiy for LTP

Online lending service for students SoFi (Social Finance Inc.) is close to raising about $500 million in a funding round expected to be led by private equity firm SilverLake Partners to bolster the expansion of its online lending businesses and personal financial services. The investment round should include several Asian investors like Japan’s SoftBank and others. The new international group will purchase SoFi’s loans as well as take an equity stake. The fundraising round values SoFi at $4.3 billion, higher than its previous valuation of $3.2 billion.  (more…)

About, Fintech news, p2p/online lending

February 24, 2017

564

The future of student banking: Helping, not hindering

By Finextra

Synonymous with attending university in the UK is the student debt this racks up, typically totalling tens of thousands of pounds. From the rising tuition fees (currently at £9,000 a year), to rocketing living costs barely covered by maintenance loans, a recent report by social mobility charity Sutton Trust indicates that students are saddled with an average of £44,000 in debt by the end of their university career. (more…)

About, Analytics, Fintech news, p2p/online lending

February 24, 2017

596

Tread Carefully, JD Finance

By  for Bloomberg

A week after lauding JD.com Inc.’s finance affiliate for moving into new and growing businesses (auto insurance), I should probably pause to add a caveat: tread carefully. (more…)

About, China, Credit scoring, Crowdfunding/investing, Fintech news, Government activities, p2p/online lending

February 21, 2017

1147

30 Companies Providing Enterprise-Grade Blockchain Solutions

By Elena Mesropyan for LTP

The LTP Team has been following the blockchain-focused ecosystem for quite a while now and have seen very interesting a promising players providing solutions for authentication, blockchain-as-a-service, open-source blockchain, application development, mobile wallets, compliance, trading and investment, etc. (more…)

About, Blockchain, Fintech news

February 19, 2017

843

38 FinTech Companies in Kenya to Look out for in 2017

By Elena Mesropyan for LTP

While being the largest unserved market that has dropped out of sight of the global financial system, Africa as a market has all the prerequisites promising to serve as a firm foundation for FinTech growth and development. (more…)

About, Fintech news, Global trends

February 19, 2017

540

A Banking Revolution For Small Business – UK’s Nesta Challenges Fin Tech To Step Up To The Plate

By Forbes

Small business banking in the United Kingdom is about to undergo a radical shake-up, driven in part by pressure from the competition regulator. (more…)

About, Banks, Fintech news, Government activities, SME

February 18, 2017

571

FinTech in New Zealand Set to Boost Economic Growth

By CryptoCoinsNews

A tech leader and software company director has said that the setup of a national FinTech organization will push New Zealand’s economic growth. (more…)

About, Cryptocurrencies, Fintech news, Government activities

February 16, 2017

549

Government has Implemented Initiatives to Promote Fintech Application

by 

Secretary for Financial Services & the Treasury Prof KC Chan says the Government has implemented initiatives to promote fintech application, investment and development in Hong Kong. (more…)

About, Fintech news, Government activities, Hong Kong

February 16, 2017

1335

Everything You Need to Know About Hong Kong’s FinTech Ecosystem: Startups, Regulators, Investors and Accelerator Programs

By LTP

Why Hong Kong?

Charles d’Haussy, the Head of FinTech at Invest Hong Kong (InvestHK), gave a perfect answer to our question, saying, Hong Kong has all the ingredients to be the global and regional FinTech hub. (more…)

About, Accelerators/Incubators/Labs, Fintech news, Government activities, Hong Kong

February 16, 2017

795

Here’s Why This Top VC Says Amazon Is Set to Rule the Fintech Game

By Jeff John Roberts for Fortune

If any technology company makes a major move into payments and banking, the most obvious candidates are Apple (AAPL, +0.36%) and Google (GOOG, -0.18%). After all, both have a lot of experience thanks to the Apple Pay and Google Wallet functions, and both have already persuaded hundreds of millions of customers to share their credit card information. (more…)

About, Fintech news, Influences FinTech, Mobile payments/banking

February 16, 2017

880

Artificial Intelligence Is Becoming A Major Disruptive Force In Banks’ Finance Departments

By Steve Culp for Forbes

A combination of elements including massive distributed computing power, the decreasing cost of data storage, and the rise of open source frameworks is helping to accelerate the application of artificial intelligence (AI).  Our own research indicates that, by 2035, AI could double economic growth rates in 20 countries, and boost labor productivity by up to 40 percent. (more…)

About, AI / Machine Learning / Big Data, Banks, Fintech news, Global trends

February 16, 2017

589

We Shouldn’t “Kill” Bitcoin But Regulate: Former Bank of China Governor to CCTV

By Joseph Young for CoinTelegraph

During an interview with China Central Television (CCTV), a predominant state television broadcaster, L H Li, the former governor of Bank of China, one of the largest banks owned by the Chinese government, and member of the People’s Congress, stated that the Chinese central bank should try to regulate Bitcoin companies and users rather than attempting to stop the adoption of Bitcoin.

(more…)

About, China, Cryptocurrencies, Fintech news, Government activities

February 16, 2017

910

Digital Currency – The Rise And Rise Of Bitcoin

By David Midgley for Total Processing Blog

With digital payments and currency becoming more common and increasingly popular in the business world, it’s no wonder that the rise of Bitcoin is now more evident than ever. The digital world is booming and the idea of a digital wallet is no longer just an idea, it’s here and has been around for a while now. (more…)

About, Cryptocurrencies, Fintech news

February 16, 2017

8406

7 new banks for the Snapchat generation

By Vladislav Solodkiy fro e27

To consider fintech as just another distribution channel is a fundamental mistake; Neobanks should change users’ perspectives on money in a more drastic manner. (more…)

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

February 14, 2017

566

London fintech Soldo launches multi-user expense account for businesses

By TechCrunch

Soldo, the London-based fintech startup founded by Carlo Gualandri, who previously helped create Italy’s first online bank, is rolling out a new product in the U.K. today aimed at businesses who need to deploy and manage expenses across an entire company. (more…)

About, Fintech news, PFM/PFP services

February 14, 2017

7511

Banking Is Only The Start: 27 Big Industries Where Blockchain Could Be Used

By CB Insights

Banking and payments aren’t the only industries that could be affected by blockchain tech. Law enforcement, ride hailing, and charity also could be transformed. (more…)

About, Blockchain, news

February 14, 2017

660

3 Steps Fintech Companies Need To Take In Order To Survive

By Chris Myers for Forbes

I’m of the belief that the financial technology sector is failing to live up to its considerable hype due to the fundamental disconnect between the finance and technology industries. (more…)

About, Analytics, Fintech news, Global trends

February 11, 2017

1166

31 FinTech Companies Transforming Institutional Investments and Trading

By Elena Mesropyan for LTP

Institutional investors control a significant amount of financial assets around the world despite attempts from automated investments apps to open up the market to casual, consumer-investors. The rapid adoption of innovative technology by the startup ecosystem allowed an extensive expansion for online investment platforms, automated investment tools, robo-advisors, and various wealth management solutions. As a result, institutional investors have been empowered with tools to enhance portfolio performance, drive deeper insights from the market and portfolio data, and nowadays, are reliant on computer power for accurate forecasting and market monitoring.  (more…)

About, AI / Machine Learning / Big Data, Financial Markets / Trading, Fintech news, Wealth management

February 9, 2017

712

Adyen reports 80% growth in pyment volumes

By Finextra

Adyen, the leading payments technology company, today announced the company increased transaction volume 80 percent year-over-year, totaling $90 billion in 2016.  (more…)

About, Fintech news, Payment processors/providers/gateways

February 9, 2017

719

The Most Anticipated Chinese Fintech IPOs of 2017

By

Greater China’s IPO market is set to continue to lead the way in 2017 fueled by listings of fintech giants including Ant Financial and Lufax, according to a report by CNBC. (more…)

About, China, Deals, Fintech news

February 8, 2017

580

The VC FinTech Accelerator – Empowered by FIS: A One-of-a-Kind Accelerator Backed by the World’s Largest FinTech Provider

By LTP

Founders building companies that enable financial institutions, or require partnership from them, face a number of barriers. From building the right solution that fits client pain points to making the sale, building a viable business model is crucial and that process is anything but easy. In the years to come, success in FinTech will be increasingly determined by the supporting ecosystem, which includes venture fundsaccelerators and incubatorsregulatory sandboxes and forward-thinking financial institutions. (more…)

About, Accelerators/Incubators/Labs, Fintech news

February 3, 2017

731

What the JPMorgan-Intuit Partnership Means for the Digital Financial Ecosystem of the Future

By LTP

Last Wednesday, JPMorgan Chase and Intuit announced that they had found a solution for the “perilous” sharing of banking data through the use of APIs (application programming interfaces). The agreement will allow JPM’s customers to access their account information and plug it into QuickBooks, Mint, and TurboTax financial management applications without having to hand over their bank passwords. (more…)

About, Banks, Fintech news, Payment processors/providers/gateways

January 31, 2017

696

Digital Currencies & Blockchain to Be Discussed at IMF Dubai Fintech Summit

By CryptoCoins News

The Dubai Ministry of Finance (MoF) will co-organize a Fintech seminar with the International Monetary Fund (IMF) during the upcoming World Government Summit. Chief among the topics to be discussed are virtual currencies and the applications of blockchain technology and the wider Fintech services space. (more…)

About, Blockchain, Cryptocurrencies, Fintech news, Government activities

January 31, 2017

808

Bundesbank President: FinTech Needs Greater Regulatory Oversight

By CryptoCoins news

Bundesbank President Jens Weidmann has expressed that FinTech requires more regulatory oversight because of its potential to threaten financial stability and the banking sector. (more…)

About, Banks, Blockchain, Fintech news, Government activities, Influences FinTech

January 27, 2017

1215

31 P2P Insurance Startups Capitalizing on the Power of Virtual Communities

By Elena Mesropyan for LTP

While the commercial value of social networks has yet to be discovered by the corporate world, technology startups are already employing it to build solutions entirely based on social connectivity. (more…)

About, Insurance

January 25, 2017