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596

What China Reveals About the Future of Shopping

By Boston Consulting Group (Chris Biggs, Amee Chande, Erica Matthews, Pierre Mercier, Angela Wang, Linda Zou)

Imagine being in the middle of Times Square, surrounded by flashing lights, fast-talking vendors, street performers, live music, noisy traffic jams, and endless other distractions. Now imagine you’re online and surrounded by the same energetic chaos. Welcome to China’s digital marketplace, where shopping is an adventure—a fire hose of rapidly changing content, offers, products, colors, and choices. For Western shoppers accustomed to simple, transactional online buying, it’s a culture shock. (more…)

Analytics, Cashless, Fintech news, Global trends, Hotnews, InspirAsia

May 11, 2017

188

Snapchat hits a disappointing 166M daily users, growing only slightly faster

By Josh Constine for TechCrunch

Snap’s growth rate increased only slightly in Q1 2017 — a bad start to its first quarterly earnings report since going public. Snap hit 166 million daily active users at a growth rate of 5%, compared to the 158 million DAUs it had in Q4 when it hit a 3.2% growth rate. Snap’s year-over-year growth rate continued to slip, falling to 36% year-over-year from 48% in Q4. (more…)

Analytics, Cashless, Deals, Global trends, Hotnews

May 11, 2017

214

Westpac Banking Corporation Case Study

Westpac Banking Corporation, one of the world’s leading commercial banks, was looking to differentiate itself in a prosperous and already digital-heavy economy.

The bank deployed a digital banking solution from Fiserv initially in Australia – its home market-where 10 million consumers and nearly 1 million businesses manage their money through the bank. (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews

May 11, 2017

139

MarketInvoice joins UK FinTech Financial Crime Exchange

MarketInvoice, the world’s largest peer-to-peer online invoice finance marketplace, has joined the UK FinTech Financial Crime Exchange (FFE), a joint initiative by think tank RUSI and risk consultancy FINTRAIL, launched today. (more…)

Analytics, Fintech news, Global trends, Security

May 4, 2017

288

This fintech startup uses machine learning to give international students credit cards

By Matthew Hughes for The Next Web

America has some of the best universities in the world. Internationally respected institutions like MIT, Harvard and Stanford attract countless young people from every corner of the globe. (more…)

AI / Machine Learning / Big Data, Analytics, Fintech news, Hotnews, Payment processors/providers/gateways

April 4, 2017

400

Robinhood stock trading app valued at $1.3 billion with big raise from DST

By Josh Constine for Techcrunch.com

Zero-fee stock trading app Robinhood is completing a huge fund raise to fuel its attack on old brokerage firms that charge around $7 to $10 per trade. According to sources, the round is led by Yuri Milner investment vehicle DST Global and values the company at $1.3 billion. Robinhood declined to comment. (more…)

Analytics, Deals, Financial Markets / Trading, Wealth management

April 1, 2017

496

UK Consumers Spent £647B With Payment Cards In 2016

During 2016, consumers in the U.K. spent £647 billion with payment cards, according to new data from the U.K. Cards Association. (more…)

Analytics, Cashless, Fintech news

March 3, 2017

651

PayThink Blockchain payments can help banks play innovation catch up

By Artem Tymoshenko for Payments Source

One area that has lagged in innovation is the financial services industry.  (more…)

Analytics, Banks, Blockchain, Payment processors/providers/gateways

March 3, 2017

2619

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

501

How can Financial Providers Respond to the Needs of a Changing Customer?

by 

Financial service providers should rethink how they service their customers, in light of changing consumer behaviours and expectations. To track consumer patterns, Accenture Financial Services  Global Distribution & Marketing Consumer Study found that providers who can deliver a compelling new digital service model, as well as retain traditional values around trust and service, will edge out competitors. (more…)

Analytics, Banks, Fintech news

February 28, 2017

343

284

Auto Loans On Fire: Sizzle Or Big Fizzle In The Making?

By 

While everyone is gearing up for the Oscars, some of us may be in La La Land blithely ignoring smoke coming from the auto industry. This week’s big story is a bit schizophrenic and focused on consumer debt, which may eventually be a fizzle, while the battle rages on in eCommerce amid retail giants, to the chagrin of department stores everywhere. (more…)

Analytics, Fintech news

February 24, 2017

284

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

393

Bitcoin Near Record Max Amid ETF Hopes

Bitcoin has recovered from its drop in January — and then some. (more…)

Analytics, Cryptocurrencies

February 24, 2017

240

FinTech Investment in Australia Increased in 2016; Slumps Around the World

By CryptoCoins News

Analysis has found that investment in Australia’s FinTech startups rose last year compared to the rest of the world.

 

(more…)

Analytics, Fintech news, Government activities, Marketing Report

February 24, 2017

269

Austin startup data.world brings in $19 million to build out ‘social network for data people’

By Lori Hawkins for 512Tech

Austin startup data.world came out of stealth mode last July to tell its story.

The company, founded by a team of Austin tech veterans, revealed it was building a social network geared toward helping data scientists connect and share collections of data.

At that point, data.world was already armed with $14 million in Series A funding. Today, the company will announce that it has raised an additional $19 million.

The deal was led by family investment group of Chicago entrepreneur Pat Ryan, and includes capital from Chicago Ventures, Hunt Technology Ventures, LiveOak Venture Partners and Shasta Ventures, among others.

Also investing is a group of prominent angel investors including John Mackey, co-founder and CEO of Whole Foods; Walter Robb, former co-CEO of Whole Foods; Kip Tindell, co-founder and chairman of The Container Store and Arthur Patterson, co-founder of Accel Partners and former director of the National Venture Capital Association.

The new money will be used to fund the company’s goal of building the most collaborative and abundant data resource available, said Brett Hurt, data.world CEO and co-founder.

“Amazing things happen when people join forces and use data to answer questions, solve problems and rise to solve our most urgent societal challenges together,” said Hurt, who founded Bazaarvoice in 2005 and has invested in a number of Austin startups.

“Closing this second funding round so close to our first, and with most of it still in the bank, is a validation of the opportunity in front of us and the progress we’ve made since our preview launch in July.”

The challenge data.world is tackling is the fragmentation of data. There are 18 million open data sets, but they are often stored in different places, aren’t machine-readable and take considerable time to understand and analyze.

Also at issue: There is often a duplication of efforts as different people work on the same or similar data sets but aren’t able to connect because they aren’t aware of each others’ work.

Data.world wants to solve those problems by building a platform that is part social networking site and part data aggregator. The company wants to become the central repository for open data sets, and also make it easier to find, understand and analyze the data.

The 30-person company is set up as a “public benefit corporation,” which is a specific type of corporation that allows public benefit to be a charter purpose in addition to the traditional corporate goal of maximizing profit for shareholders.

In data.world’s case, it lets the company’s board focus on its mission of making data easier to find and use, rather than putting profit or shareholder value first.

Several examples of data collaboration projects that have launched on data.world include:

– The White House Opportunity Project, which improves data discovery and fosters collaboration with data from 11 federal agencies and 12 cities.

– The Anti-Defamation League, which has created an open data workspace to help understand and combat the rise of hate crimes.

– CIA Crest Archive, which has independently collected, formatted and published metadata on 930,000 newly-released declassified CIA documents, representing about 12 million pages.

“People put these data sets out there because they want people to work with them in a way that creates breakthrough innovation or change in policy or the alleviation of poverty,” Hurt said. “People are talking about everything from how to solve cancer to the intelligence of dogs by breed.”

Most users won’t pay anything to user the platform. Data.world is generating revenue by charging companies or organizations for the ability to have private accounts that allow them to keep their data secret, while letting employees access and share it.

“We already are seeing a lot of people use data.world in private,” Hurt said. “We don’t know what they’re doing, because they don’t tell us.”

First appeared at 512Tech

Analytics, Deals

February 23, 2017

339

Invisible PFM Will Transform Banking As You Know It

By Finextra

Personal Financial Management (PFM) has evolved greatly since its birth in the early eighties. Originally developed to bring money management into what was then a widespread technological shift to the nascent personal computer age, PFM has since become a sophisticated means of managing your money. (more…)

Analytics, Fintech news, PFM/PFP services

February 20, 2017

200

Trend: Germany Can Soon Beat the UK in Terms of Fintech Investment

By The CoinTelegraph

New figures show Germany could soon overtake the UK in fintech venture capital investment as London struggles to maintain its dominance. According to reports from the German firm Barkow Consulting, while the UK was 50 percent ahead of Germany in 2016, the gap is closing rapidly. UK investment has since declined 34 percent, while Germany’s has risen by 38 percent, which could soon lead to the two economies trading places. (more…)

Analytics, Deals, Fintech news

February 20, 2017

915

The March Of Financial Services Giants Into Bitcoin And Blockchain Startups In One Chart

By CB Insights

From American Express to Goldman Sachs to Deloitte, major firms across the financial services landscape have made investments in bitcoin and blockchain startups. And the financial services investments have continued into 2017. (more…)

Analytics, Blockchain, Deals, Fintech news, Marketing Report

February 20, 2017

492

Financial Services Is Only the Start for Blockchain’s True Societal Impact

By CryptoCoins News

This opinion article is penned by Steven Boyle, CEO at Integrated Cloud Solutions, a Glasgow, Scotland-based software solutions firm. (more…)

Analytics, Blockchain, Fintech news

February 18, 2017

320

Bitcoin Transaction Volumes Up 55% in 2017

By TheCoinTelegraph

Bitcoin’s transaction volume in 2017 exploded to $260 mln per day – or $180,000 per minute, according to the latest statistics. (more…)

Analytics, Cryptocurrencies, Fintech news, Government activities

February 18, 2017

367

Real Estate Crowdfunding: 3 Trends to Watch in 2017

By Forbes

Real estate crowdfunding continues to be a dynamic and ever-evolving industry, growing to an estimated $3.5 billion in 2016. By 2025, the crowdfunding industry as a whole is anticipated to be valued at more than $300 billion and online real estate marketplaces are primed to capitalize on that explosive growth. (more…)

Analytics, Crowdfunding/investing, Fintech news

February 18, 2017

550

Blockchain – The Next Banking Blockbuster?

By Finextra

“Let’s not throw the baby with the bath water”, is what the financial services industry seems to be saying. While they didn’t quite warm up to the Bitcoin, they are clearly embracing the Internet of Value that has been made possible by blockchain, the crypto-currency’s underlying technology, akin to internet/web for information. Today, blockchain is one of the most discussed technologies within the industry and is considered as one of the most interesting development on technology front. Even as we speak, many multinational banks have invested in proof-of-concept projects to explore potential applications for blockchain across the financial services value chain. In the recently held annual meeting of World Economic Forum (WEF-2016) in Davos, Switzerland, leaders of the world’s largest financial institutions, companies and organizations debated on blockchain technology as a disruptive innovation, which has potential to change the banking landscape. (more…)

Analytics, Fintech news, Global trends

February 16, 2017

242

PayThink Blockchain can save banks in the ‘faster payment’ race

By Anil Das for Payments Source

Financial institutions are in a predicament as demand for fast payment services is clearly growing, among consumers and merchants alike, and is aggressively being fulfilled by fintechs.

(more…)

Analytics, Blockchain, Fintech news, Payment processors/providers/gateways

February 16, 2017

370

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

549

From Asia to Africa: Why Wechat is a threat to Safaricom’s M-Pesa

By fabian lima for e27

M-Pesa changed the lives of underbanked Africans decades ago; Will Wechat Wallet drastically change the fintech landscape anew? (more…)

Analytics, eWallets, Fintech news, p2p-payments

February 9, 2017

396

Blockchain is becoming more than a buzzword, and now there’s tangible proof

By  for TechInAsia

Blockchain, which many experts have called the biggest innovation since the internet, has started gaining steam among bankers and financial institutions, a survey by Infosys’ Finacle shows. (more…)

Analytics, Blockchain, Fintech news, Marketing Report

February 8, 2017

669

The Truth About Bitcoin Remittances

By George Harrap for Medium

We are about 7 years into Bitcoin and ‘the Blockchain’ now and its time we evaluated where we are in terms of remittances, what works and what doesnt. (more…)

Analytics, Blockchain, Cryptocurrencies, Remittances

February 6, 2017

262

Top 11 Reasons Why Fintech StartUps in South East Asia Fail

By 

You have an incredible fintech balance marketable strategy. You gather your group and make your start-up. Here are ten regular missteps you ought to keep away from on the off chance that you need to have an opportunity to experience one more day in South East Asia. (more…)

Analytics, Fintech news, InspirAsia

February 4, 2017

316

‘Centralized’ blockchain projects are doomed to failure

By Chris Horlacher for American Banker

Last year was an affirmation for people like me who believe the blockchain — the technology that underlays virtual currencies such as bitcoin — works best when it’s decentralized and open.

(more…)

Analytics, Banks, Blockchain, Fintech news

January 31, 2017