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Banking industry primed for a pocket-sized revolution

By 

ondo, the latest challenger bank aiming to take a chunk of business from the established high street lenders, is unlike any UK financial institution that has come before it.

(more…)

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

March 28, 2016

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E-Wallets: Game of giants

By 2019, eMarketer estimates that the total value of transactions made by tapping a phone on an in-store terminal will reach $210 billion, up from $8.7 billion in 2015. For banks and retailers, that presents an opportunity to take on Apple Pay and Google’s Android Pay – and maybe save on transaction fees to boot.

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Banks, Cashless, eWallets, Fintech news, Global trends, Hotnews, InspirAsia

March 28, 2016

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The 4 Things It Takes to Succeed in the Digital Economy

By Lindsey Anderson and Irving Wladawsky-Berger for Harvard Business Review

For several years now digital has been an appendage to “business as usual.” But recently, digital transformations have reached the tipping point where digital has become “business as usual”; the tail has become the dog. Digital is not just part of the economy — it is the economy. (more…)

Banks, Fintech news, Global trends

March 25, 2016

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UBS and Credit Suisse launch fintech accelerator

By Finextra

The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience. (more…)

Banks, Deals, Fintech news, Global trends

March 24, 2016

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Fintech for Millenials

The biggest issue with “fintech for millennials” that you have to understand millennials more, than fintech.

Read our full research“Money of the Future”. Download PDF (20MB) (more…)

Banks, Fintech news, Global trends, Hotnews, InspirAsia

March 23, 2016

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Deloitte Predicts Rise in Blockchain-Based Payments

By Charles Small for Bitcoinmagazine.com

Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends, Mobile payments/banking, p2p-payments

March 23, 2016

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Hong Kong to get new mobile bank

By Finextra.com

Neat, a mobile banking startup in Hong Kong that blends machine intelligence with biometric security, has opened its waiting list to university students and young professionals with a view to a Q2 2016 launch. (more…)

Banks, Fintech news, Hong Kong, Mobile-first banks

March 21, 2016

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This Bank Wants to Be Your Best Friend

By Leena Rao for the Fortune magazine

If you’re a millennial, that is. SoFi will help with your job, your love life—and your finances. (more…)

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

March 20, 2016

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How China is pioneering alternative finance and P2P lending

By Hariett Green for City AM,

The Asia-Pacific alternative finance market grew 323 per cent last year, to $102.8bn. China was responsible for 99 per cent of that, with four-fold growth to $101.7bn in 2015. (more…)

Banks, Cashless, China, Fintech news, Global trends, p2p-payments, p2p/online lending

March 18, 2016

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What Do Millennials Want from Banks? Everything. Nothing. Whatever.

By Brian Yurcan for the American Banker journal

So, do millennials hate banks or do they love them?

(more…)

Banks, Cashless, Fintech news, Global trends, InspirAsia, Mobile-first banks

March 17, 2016

World Bank: 2 Billion of adults worldwide have no access to Financial Services

In this installment of My Favorite Number, the World Bank Group’s Douglas Pearce says he’s most intrigued by the number 2 billion. (more…)

Banks, Cashless, Global trends, Government activities, InspirAsia

March 17, 2016

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Infographic: How new technology is changing the way we make payments

Promoted by Paypal,

Some older stuff is cool. Everyone loves a vintage leather jacket, and classic movies are favorites across generations. But in some cases, old can mean outdated, and when something’s outdated, it’s simply time to upgrade. (more…)

Banks, Cashless, Fintech news, Global trends, Mobile payments/banking

March 16, 2016

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China’s P2P Property Lending Growth Six Times Faster Than Banks

By Alfred Liu for the Bloomberg Business,

Peer-to-peer lending for property in China grew more than six times faster than loans extended through banks last year as borrowers took advantage of a less-regulated financing market to take part in the nation’s real estate boom. (more…)

Banks, Cashless, China, Fintech news, InspirAsia, p2p/online lending

March 16, 2016

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Deals: Fintech startup PawnHero bags funding from investors led by SoftBank affiliate

By Judith Balea for TechinAsia

Manila-based fintech startup PawnHero today announced an undisclosed amount of pre-series A funding from SoftBank-affiliated Kaikaku Fund, which is focused on the Philippines, 500 Startups, and IMJ Investment Partners. (more…)

Banks, Deals, Fintech news

March 15, 2016

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FinLeap and SolarisBank launch “Banking as a Platform”

By Steve O’Hear for the Techcrunch.com

Offering what it calls Banking-as-a-Platform, FinLeap, the German fintech ‘startup factory’, has hatched its latest venture. (more…)

Banks, Deals, Fintech news, Mobile-first banks

March 15, 2016

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Banking-as-a-Service: Common play of banks and fintech

The current state of Banking-as-a-Service (BaaS) industry. 

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Banks, Cashless, Fintech news, Global trends, Hotnews, Mobile-first banks

March 14, 2016

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RBS to cut 550 jobs in preparation for robot revolution

By Emma Dunkley for Financial Times,

Royal Bank of Scotland is cutting its face-to-face advice service and slashing 550 jobs in another move to reduce costs, as more customers turn to digital “robo-advisers”. (more…)

Banks, Fintech news, Global trends

March 14, 2016

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Banks and FinTech: date the nerds or be the nerd?

Key findings from the banking industry and its shifting landscape.  

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Banks, Fintech news, Global trends, Hotnews

March 13, 2016

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UK’s Atom Bank makes first acquisition, Grasp, to hone its youth-focused user experience

By Ingrid Lunden for Techcrunch.com

A day after Finnish online bank Holvi got acquired by BBVA, here comes yet more consolidation in Europe’s fintech landscape. Today, Atom Bank — a still stealth, online-only startup, coincidentally also backed by BBVA — announced its first acquisition: Grasp, a design and development house based out of the north of England. (more…)

Banks

March 13, 2016

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BBVA continues its fintech acquisition run, buys Holvi, an online-only business bank

By Ingrid Lunden for techcrunch

Spanish banking giant BBVA has made another M&A play as it looks for a bigger role in the next generation of financial services: today the company has announced the acquisition ofHolvi, an online-only bank for entrepreneurs and SMBs based out of Finland. (“Holvi” means “vault” in Finnish.) (more…)

Banks, Mobile-first banks

March 13, 2016

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Mckinsey & Co : Cutting through the noise around financial technology

By Miklos Dietz, Somesh Khanna, Tunde Olanrewaju, and Kausik Rajgopal for Mckinsey & Company 
We estimate there are today more than 2,000 start-ups offering traditional and new financial services. Here’s how banks should respond.

(more…)

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

March 10, 2016

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Financial accelerators to wind down as digital ecosystem evolves – Forrester

In five years time most corporate accelerators and incubators will have disappeared in favour of more nuanced partnerships between banks and startups in a maturing digital ecosystem according to an analysis by Forrester. (more…)

Banks, Fintech news, Global trends

March 9, 2016

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Deals: Snapchat Raises $175 Million From Fidelity at Flat Valuation

By ROLFE WINKLER and DOUGLAS MACMILLAN for WSJ

Messaging company still worth $16 billion in latest funding

(more…)

Banks, Deals, Fintech news, Global trends

March 7, 2016

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Why is Britain’s Barclays Bank pulling out of Africa?

By Lerato Mbele for BBC

As the UK bank Barclays announced its full year results, local markets were less interested in the numbers and more interested in the back story. (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia

March 7, 2016

India to study mergers of state-run banks in efficiency push

By Nidhi Verma

India will consider merging some of its more than two dozen state-run banks, the finance minister said on Saturday, as the government seeks to improve efficiency at the ailing lenders that dominate the nation’s banking sector. (more…)

Banks, Deals, Fintech news, Global trends, India

March 5, 2016

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Singapore tops mobile app economy, but for how long?

By Kevin McSpadden for e27

While China, India and Indonesia rank low in today’s regional ecosystem, they are set for major jumps in the future and are projected to lead APAC in the years to come (more…)

Banks, Fintech news, Global trends, InspirAsia

March 4, 2016

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This is how Australia is changing to become startup friendly

In interviews with the Australian Ambassador to Israel and StartupAUS’ Acting CEO, Geektime learned how Australia is making big changes to grow their ecosystem (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia, Insurance, news

March 4, 2016

Rocket Internet’s Africa Internet Group raises $326M from Goldman Sachs and others

By Jon Russel for Techcrunch

Fresh from pulling in $83 million from European insurance giant AXA last month, Africa Internet Group (AIG) — the Rocket Internet-backed company behind e-commerce siteJumia — has announced that it has raised a much larger €300 million ($326 million) in fresh funding. (more…)

Banks, Deals, Fintech news

March 4, 2016

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Fastest Crowdfunding Ever: £1 million in 96 Seconds

By Tom Blomfield, Mondo

Yesterday at 1pm we relaunched our crowdfunding round after overwhelming demand crashed Crowdcube’s servers on Monday. (more…)

Banks, Fintech news, Mobile payments/banking, Mobile-first banks

March 4, 2016

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KPMG report: Innovative finance

Traditional finance business models are being crunched by macro-economic events, but KPMG sees opportunities ahead (more…)

Analytics, Banks, Fintech news, Global trends, news

March 4, 2016