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776

Bitcoin Near Record Max Amid ETF Hopes

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

Analytics, Cryptocurrencies

February 24, 2017

556

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

534

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

659

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

437

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

1429

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

792

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

686

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

756

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

830

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

447

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

694

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

930

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

741

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

1113

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

492

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

601

‘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

647

A look into the future: Here are 5 fictitious insurtech startups that might become the real deal by 2025

By Philipp Kristian for e27

2016 was the year of fintech and insurtech in Asia. Over the course of the year, I spent a lot of my time building insurance value propositions in Asia, delving deeply into the potential future of insurtech in this region. (more…)

Analytics, InspirAsia, Insurance

January 31, 2017

784

Bitcoin Core Dev’s Blocksize Reduction Proposal Draws Ire from ViaBTC Founder

By CryptoCoins News

Haipo Yang, ViaBTC’s founder and former employee at the Chinese internet giant Tencent, expressed strong criticism in a brief interview with CCN towards Luke-Jr, a Bitcoin Core developer and Blockstream contractor, regarding his proposal to reduce the blocksize to 300kb or, alternatively, for the network to wait another 7 years before an increase of the current 1MB transaction capacity. Yang says: (more…)

Analytics, Blockchain, China, Fintech news, Global trends, People of fintech

January 31, 2017

644

‘Unified commerce’ can drive user payment experience and merchant sales

By Melissa Gonzalez for PaymentsSource

The payments ecosystem is vast and the complexity is only heightening, but with the right integration of hardware and software solutions providers can empower retailers to not only improve in-store experiences but enhance data collection and the ability to analyze customer behaviors.

(more…)

Analytics, Marketing Report, Mobile payments/banking, POS/mPOS and online acquiring, SME

January 29, 2017

811

Making a Difference with FinTech – Three Examples

By Elena Mesropyan for LTP

There is enough said about the scale of the FinTech industry, its inclusive agenda and massive surrounding ecosystem, but the real value of this industry is not in millions that are moving around in funding, expansion and acquisition deals. The value is measured in micro-processes, in the real, everyday difference FinTech startups make for small businesses and individuals. (more…)

Analytics, Government activities, Mobile payments/banking, p2p-payments, RegTech, SME

January 29, 2017

681

LendingClub Chairman Launches New Fintech VC Fund

By PETER RUDEGEAIR for The Wall Street Journal 

Nyca Partners, a venture-capital firm founded by veteran banker and LendingClub Corp. Chairman Hans Morris, announced Friday that it raised a new $125 million fund to invest in financial-technology startups. (more…)

Analytics, Deals, Fintech news, p2p/online lending

January 28, 2017

800

Insurtech, Interview with Sam Evans, Founder of Eos Venture Partners

By FinSMEs

According to CB Insights, vc activity related to insurance startups hit its highest annual total in 2016 with $1.69B invested in 173 deals.
In this space, one of the first cases on thematic investors focused exclusively on investing in insurance startups comes from London with Eos Venture Partners, an independent and specialist InsurTech investment and advisory firm launched by Sam Evans.

(more…)

Analytics, Insurance, People of fintech

January 27, 2017

525

Report: China’s Banks are Turning to Blockchain Technology

By CryptoCoins news

As the Chinese government is turning toward researching and exploring possible applications of blockchain technology, the country’s big banks are increasingly hiring experts and developers to keep up with digitization and a technology-driven landscape.

(more…)

Analytics, Blockchain, Fintech news, Global trends

January 27, 2017

600

Harvard Business Review: Blockchain Is Foundational, Not Disruptive

By Lester Coleman for CryptoCoinNews

True blockchain-led transformation is still many years away, according to an article, “The Truth About Blockchain” in the Harvard Business Review, because it does not deliver a truly “disruptive” business model which can attack an existing model with a lower cost solution, rather it is a “foundational” model since it can create new foundations for economic and social purposes. (more…)

Analytics, Blockchain

January 25, 2017

747

Emerging market payments requires innovation in regulatory technology

By Tomas Likar for PaymentsSource

Financial technology, which first made its impact in predominantly Western countries such as the U.S. and U.K., stands to bring even greater change to unbanked populations in emerging markets.

(more…)

Analytics, Global trends, RegTech

January 25, 2017

609

Devices and Unconventional Channels Are Turning Into Payments Platforms

By LTP

The payments segment was the hottest FinTech segment in 2016 – financial technology companies around the world raised a total of ~$36 billion in financing across over 1500 funding deals from over 1700 unique investors (not taking into account M&A deals). Representing less than a quarter (22%) of the funded pool, the Payments/Loyalty/E-Commerce segment secured almost 40% (over $13.5 billion) of total funds raised, while, with 29% of representation, Banking/Lending companies are responsible for just 26% ($9.3 billion) of raised funds. (more…)

Analytics, Fintech news, Global trends

January 24, 2017

743

China’s fintech is leaving the rest of the world behind

By  for TechNode

China is emerging as a leading fintech market on a global scale. Half of the global investment in financial technology is happening in Asia, especially China, according to the World Economic Forum. (more…)

Analytics, China, Fintech news, Global trends, Marketing Report

January 23, 2017

639

Is blockchain necessary?

By Mohan Krishnan for Finextra

There is no dearth of material to tell us what is blockchain, how it is going to transform our lives in the years to come, where it could be applied, etc and the list is endless. That it is the next big thing after all, since the invention of steam engine, the electricity and the internet itself! World Economic Forum predicts that by 2025, 10% of global GDP will be on blockchain technology.

(more…)

Analytics, Blockchain, Global trends, Marketing Report

January 23, 2017

527

Corporates need a ‘consumer style’ invoice experience

By Prabhat Vira for PaymentsSource

 Any CFO with a smartphone has grown accustomed to the ways in which fintech has removed the friction from their daily lives.

(more…)

Analytics, Marketing Report, SME

January 21, 2017