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888

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

1028

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

1118

Top Business-to-Business Wealth Tech Players

By Julie Muhn for Finovate Blog

If you’ve been following our series on wealth tech, you’ve seen our analysis of the industry as a whole, a review of the top trends, and an examination of B2C wealth tech players. (more…)

About, Financial Markets / Trading, SME

January 21, 2017

1883

China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

933

The U.S. Is Suing its Largest Student Loan Servicer Because It ‘Failed’ Borrowers

By Peter Dazeley for Fortune

The largest U.S. student loan servicer, Navient (NAVI, -1.18%), cheated borrowers out of billions of dollars, often by deceiving them about repayment options and their legal rights, the U.S. consumer financial watchdog said on Wednesday as it announced a lawsuit against the company. (more…)

About, news, p2p/online lending

January 20, 2017

1023

Fintech Steemit Migrating Servers To Amazon Unveils Ambitious Blockchain Roadmap

By Roger Aitken for Forbes

Steemit, creators of the world’s fastest growing decentralized social media platform, has unveiled today what it describes as a “comprehensive roadmap” detailing improvements to its blockchain, company structure and website. (more…)

About, Blockchain, news

January 18, 2017

1540

Relationship of Indian Banks and FinTech Startups Strengthening in 2017

By LTP

The digital revolution currently underway in financial services –colloquially called FinTech – has raised some questions on the nimbleness and relevance of the banking fraternity in India. There have been apprehensions about banks being able to create faster, cheaper and better services to become an omnipresent part of their customer’s daily lives. (more…)

About, Banks, Fintech news, India

January 18, 2017

935

Motive Partners, a new London/NYC fintech VC, is raising a $150M fund

By  for TechCrunch

The British pound may be at one of its lowest points of the last 50 years right now (and may still go lower…welp), but some investors see this as an opportunity. (more…)

About, Deals, Fintech news, Global trends

January 18, 2017

3093

The Top 10 Insurtech Trends For 2017 That Set The Digital Insurance Agenda

By Roger Peverelli and Reggy de Feniks

The beginning of the year is usually the time to predict key trends for the year to come, and so it goes with the insurtech sector as well. Most lists focus on the latest sexy technologies and applications, but after a year, we find these have hardly gained any traction, so cannot really be considered “trends”. To call something a key trend, new and innovative isn’t enough. It requires adoption at scale. We therefore decided to take a different approach, resulting in quite a different kind of list. (more…)

About, Fintech news, Global trends, Hotnews, Insurance

January 18, 2017

945

Russian banks form Fintech Association

By Finextra

Representatives of the Bank of Russia and major financial market participants approved the decision to found an Association for Financial Technologies Development (FinTech Association).  (more…)

About, Fintech news, Government activities

January 17, 2017

878

Innovate Finance flies fintech delegation to Davos

By Finextra

Innovate Finance, the independent membership organisation representing UK’s global FinTech sector, is returning to Davos this week with a delegation of members to discuss this year’s theme of Responsive Leadership. (more…)

About, Fintech news, Global trends

January 17, 2017

944

FTC’s Fintech Forum to Focus on Blockchain Technology

By CryptoCoinsNews

The implications of blockchain technology in the consumer sector will be the focus of the Federal Trade Commission’s (FTC) 2017 FinTech Forum in March. (more…)

About, AI / Machine Learning / Big Data, Blockchain, Fintech news

January 17, 2017

4101

A World Without Cash Would Be Good For the Poor, One Expert Says

By Feliz Solomon for Fortune

Moves toward more cashless societies could reduce inequality, a leading economist suggests, by potentially reducing crime and making labor practices more transparent. (more…)

About, Columns, Government activities

January 16, 2017

892

Insurance Incumbents Turn To Big Data, Partnerships To Keep Pace With Startups

By CB Insights

The insurance landscape is going through tremendous change, and policy reform is not the biggest challenge on the horizon. Data analytics, machine learning, and a surge of new entrants are disrupting the traditional insurance model and creating easier, more affordable access to coverage. (more…)

About, Global trends, Insurance

January 16, 2017

1559

Bots are not killing apps — bad apps are killing apps

By  for VentureBeat

According to bot evangelists, today’s apps are going to be replaced by bots, so why bother with fanciness? Goodbye, delicious Uber UI animations. So long, stickers and filters on Snapchat. Farewell, swiping on Tinder. Will the last app standing be Facebook Messenger? (more…)

About, Analytics, Bots, Global trends

January 15, 2017

1002

Mobile Banking Gives a Big Boost To Kenya’s Poor

By Melvin Konner for The Wall Street Journal

Globalization and unrestrained technological change have plenty of critics, as the election in November amply showed. Many of my fellow anthropologists say that the positive effects of these twin trends have greatly benefited China but have left behind most of the global poor. A study conducted in Kenya and published in the journal Science in December tells a different story. (more…)

About, Fintech news, Mobile payments/banking, p2p-payments

January 14, 2017

995

This App Wants to Help You Trade Stocks Based on Trump Tweets

By Jeremy Quittner for Fortune

Professional traders and hedge fund managers apparently have algorithms and models to account for market turbulence from President-elect Donald Trump’s t weets. Now you can too. (more…)

About, Financial Markets / Trading, news

January 14, 2017

735

Fintech in India: 4 reasons UPI makes transactions more secure and convenient

By Rohit Taneja for e27

One technology that has emerged of late goes by the name of Unified Payments Interface or UPI. It has become pretty popular recently in the news in India, although most consumers have not been able to experience the revolution and the magic moment that comes along when paying through UPI. (more…)

About, Banks, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

January 12, 2017

958

The Journey to Invisible Authentication

By Elena Mesropyan for LTP

There is little to no doubt that passwords are on their way out of use and relevance with more advanced solutions taking over the market. But no matter what comes next, the most advanced solutions that are increasingly gaining attention and traction are making one major change in ensuring cybersecurity – they introduce invisible, non-interrupting methods of continuous authentication. (more…)

About, Global trends, Security

January 11, 2017

1129

Honda and Visa Demonstrate In-Vehicle Payments With Gilbarco and IPS Group at 2017 CES

By LTP

– In-vehicle payment experience features secure Visa payment technology

– First proof-of-concept demonstration with fueling pumps and smart parking meters from infrastructure partners: Gilbarco Veeder-Root and IPS Group, Inc.

– Showcasing the simplicity and convenience of mobile payments directly from the vehicle (more…)

About, Cashless, Fintech news

January 9, 2017

1347

1072

How Mobile Banking Wins the Loyalty of Small Businesses

By LTP

Personal mobile banking has already created a stir, reaching 43% of active users in 2015 (FED). While customers have warmly welcomed this new convenient way of handling daily banking operations, little emphasis is actually made on small businesses. It seems the mobile revolution has yet to reach this market segment. (more…)

About, Global trends, SME

January 8, 2017

1195

China: Citic Goldstone, Huagai Capital back $29m Series B in Tiger Brokers

By Tomas S. Noda III for Deal Street Asia

Tiger Brokers Co, a Beijing-based online brokerage company, has raised up to $29 million (RMB 200 million) in a Series B funding round participated in by Citic GoldStone Fund Management Co Ltd, and Huagai Capital. (more…)

About, China, Deals, Financial Markets / Trading, Fintech news

December 28, 2016

1974

Mobile Payments: The Merchants Dilemma

By Arnab Sengupta for Finextra

Where we are today

Things have not really caught up since the launch of Apple Pay and the subsequent introduction of Samsung Pay in the market. (more…)

About, Analytics, Mobile payments/banking, POS/mPOS and online acquiring

December 27, 2016

1060

ICOs and the Consumer-Side Impact of DLT

By Aman Trivedi for LTP

Over the past two years, distributed ledger technology (DLT) has seen tremendous interest by investors and financial institutions alike. There have been numerous variants of the technology coming up, both on the enterprise and consumer side. (more…)

About, Blockchain, Cryptocurrencies, Deals

December 27, 2016

1504

Tech, Media & Telecom More Aggressive Blockchain Investors than Financial Services

By Justin OConnell for CryptocoinsNews

When Bitcoin first became popular, much mainstream coverage focused on its illicit uses. Then a revolution in thought led people to understand the less sinister benefits of Bitcoin, and namely its underlying technology, the blockchain. (more…)

About, Blockchain, Global trends, Marketing Report

December 25, 2016

953

Digitization of Financial Services: Doing Things Right is Better Than Doing It All

By Elena Mesropyan for LTP

Although the value of fraudulent activities in online banking is expected to reach $7 billion by 2020, the focus on digital channels in banking has been only increasing as banks are facing competition from challengers and are looking to cut costs of physical infrastructure maintenance. (more…)

About, Banks, Fintech news, Global trends

December 24, 2016

1037

5 Cs of Opportunity in InsurTech

By Shwetank Verma for LTP

Insurance globally is an industry with scale, with USD 4.1 trillion dollars of premium written in 2015 alone.  It is also an industry on the cusp of change – attracting investor interest in record numbers with investments totaling USD 1.4 billion on InsurTech firms in just the first three-quarters of 2016. (more…)

About, Fintech news, Insurance

December 24, 2016

1214

How DBS Bank Became The Best Digital Bank In The World By Becoming Invisible

By Jason Bloomberg for Forbes

Every year, financial services magazine Euromoney gives out numerous awards for excellence to firms in many categories, at country, regional, and global levels. Their inaugural pick for best digital bank: Singapore-based DBS Bank. (more…)

About, Banks, Fintech news

December 23, 2016

2193

Top Direct-to-Consumer Wealth Tech Plays

By Julie Muhn for Finovate blog

Our wealth tech industry coverage continues this week. We looked at the industry last week and reviewed the top trends earlier this month. Today we’re taking a look at industry players with B2C offerings– in other words, companies that market directly to consumers and not through businesses. (more…)

About, Bots, Fintech news, PFM/PFP services

December 23, 2016