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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

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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

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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

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

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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

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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

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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

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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

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Government has Implemented Initiatives to Promote Fintech Application

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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

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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

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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

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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

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

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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

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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

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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

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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

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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

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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

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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

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The Most Anticipated Chinese Fintech IPOs of 2017

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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

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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

IMAGE DISTRIBUTED FOR JP MORGAN CHASE - Jamie Dimon, JP Morgan & Chase Co. Chairman and CEO, discusses the impact of The Fellowship Initiative, Monday, June 23, 2014, at JPMorgan Chase Headquarters in New York. The expanded Fellowship Initiative enrolls young men of color in Chicago, Los Angeles, and New York City in a multi-year hands-on enrichment program that includes academic, social and emotional support.  (Photo by Diane Bondareff/Invision for JPMorgan Chase/AP Images)

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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

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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

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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

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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

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Monero, the Drug Dealer’s Cryptocurrency of Choice, Is on Fire

By  for Wired

FOR THE CRYPTOCURRENCY community, 2016 was a very good year. Bitcoin doubled in price. The far-out Bitcoin alternative Ethereum shot up by a factor of 10. But another, once-obscure cryptocurrency called Monero outpaced all of them, multiplying its value around 27-fold. (more…)

About, Cryptocurrencies, Fintech news, Security

January 25, 2017

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Are the Capabilities of Smart Contracts Overblown?

By Milos Dunjic for LTP

Smart contracts are discrete computer program units, which are deployed inside blockchain network nodes. Once they are ready for deployment, the one-way hash value of the code is calculated and digitally signed. (more…)

About, Blockchain, Security

January 25, 2017

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Fintech doesn’t need D.C.’s help

By Ryan Gilbert for American Banker

In the final days of the Obama administration, the National Economic Council published a much-awaited white paper — entitled “A Framework for FinTech” — recommending guiding principles for the advancement of the fintech industry by the U.S. government. (more…)

About, Fintech news, Government activities

January 24, 2017

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The ‘Socialization’ of Financial Services

By Elena Mesropyan for LTP

Peer networks play an important role in delivering financial services nowadays, bringing the element of social into traditionally corporate-dominated industries. (more…)

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

January 23, 2017