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A WhatsApp Moment for Asia’s Banks

By Andy Mukherjee for Bloomberg

Asian banking is on the cusp of a WhatsApp moment. (more…)

Banks, Fintech news, Global trends, InspirAsia

July 4, 2016

597

Innovation in the Middle East: 48 things I learned while designing a new bank in Dubai

By Alice Wilkie

This spring I was part of a Fluxx team that spent three months in Dubai designing a challenger bank for a big local player. I learned a lot… (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia

July 4, 2016

The Latest Bank-FinTech Initiatives

By LTP

As some estimations suggest, ~$4.7 trillion out of $13.7 trillion of the traditional financial services’ revenue is at risk of being displaced by new technology-enabled entrants which include FinTech players from lending, wealth management, payments and others. Even though there is a debate on the accuracy of estimations with some thinking of it as an exaggeration and others believing it to be more real than it looks like, there is a general consensus that FinTech has a substantial impact on the financial services industry and its traditional players. (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia

July 4, 2016

516

French plot to topple City of London is foolish bluster

Banks, Fintech news, Global trends, Hotnews

July 4, 2016

586

Startup Airwallex to take on the banks, Western Union and Paypal

By Sally Rose for Financial Review

Having raised $5 million, from backers such as Gobi Partners, Melbourne payments technology start-up Airwallex is ready to launch. There are also plans in train to raise up to another $20 million before the end of the year.  (more…)

Banks, Fintech news, Global trends

July 4, 2016

1078

South Africa doesn’t have enough developers to build a digital economy

By Lynsey Chutel for Quartz

South Africa wants to be a digital economy, but someone has to build it. In recent years, South Africa has tried to build its version of Silicon Valley at the tip of Africa, creating hubs in Cape Town and Johannesburg for startups and tech innovators. But, like Silicon Valley itself and more advanced economies, South Africa has a chronic shortage of developers, the would-be architects of this digital economy. (more…)

Banks, Fintech news, InspirAsia

July 3, 2016

JPMorgan to Adopt Fintech Startups With In-House Incubator

By Melissa Mittelman for Bloomberg

JPMorgan Chase & Co. is the latest bank to take on financial technology startups, starting a new program to foster these companies in-house as they try to find ways to operate faster, with more security at a lower cost. (more…)

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

July 1, 2016

677

Are Credit Cards More Innovative Than FinTech Startups?

By Nick Clements for Forbes

Although Brexit has dominated the headlines from the UK, another milestone has quietly been reached this week. Barclaycard, the largest and first credit card issuer in the UK, turned 50 years old. In the 1960s, on both sides of the Atlantic, a revolution in how we make payments and borrow money was started. (more…)

Banks, Hotnews, Mobile payments/banking

July 1, 2016

The Pains of Starting a Fintech Bank

By Brian Yurcan for American Banker

Ever since the financial crisis, starting a bank from scratch has been hard. But opening a digital-only de novo bank is an especially tall order. (more…)

Banks, Fintech news, Global trends

July 1, 2016

Will Fintech Make The World A Better Place?

By London Business School review and Chris Higson for Forbes

It is striking how quickly we have become reconciled to the disruptive power of information technology. We saw what Amazon did to record shops and booksellers. We are seeing Uber decimate the cab industry. This fate, presumably, awaits every industry and every occupation, and we are resigned to a future in which disruption rather than stability is the new normality. (more…)

Banks, Fintech news, Global trends

July 1, 2016

How Bank of America’s Billion-Dollar Tech Cuts Could Fuel Startups

By Penny Crosman for the American Banker

Like other big banks, Bank of America wants to get nimbler and more innovative. But it is weighed down by the same problem they all are: a vast worldwide technological architecture that costs billions of dollars a year to run. (more…)

Banks, Fintech news, Global trends, Hotnews

June 29, 2016

Here’s How Citigroup Is Embracing the ‘Fintech’ Revolution

By Fortune

The mega-bank needs to counter a new wave of financial technology startups. (more…)

Analytics, Banks, Global trends

June 29, 2016

797

50 years on: How credit cards changed our relationship with money

By Simon Read for BBC

Fifty years ago this week Barclaycard issued the first credit cards in the UK. (more…)

Banks, Global trends, Hotnews

June 27, 2016

618

Europe’s Startups Reassess Britain After ‘Brexit’

By SAM SCHECHNER for WSJ
Britain’s vote to leave the European Union is already forcing Europe’s nimble, tech startup community to reassess operations there—a potential early warning for the kind of dramatic action bigger companies may have to take. (more…)

Banks, Fintech news, Global trends

June 27, 2016

724

The Reserve Bank of India Announces Blockchain Committee

By News BTC

India is one of the largest cash dependent nations in the world. A majority of people in the world’s largest democracy have the tendency to use cash for most of the transactions. This has created a challenge for the Indian central bank —The Reserve Bank of India to maintain the liquidity in the country’s monetary system. In order to ensure there are enough bank notes to go around, the premier bank is forced to print more currency and constantly destroy the old banknotes that are either soiled or damaged.

(more…)

Banks, Government activities, India, InspirAsia

June 27, 2016

986

‘Powerful storm’ set to hit Asian banking industry: McKinsey

By Yasmine Yahya for Straits Times

Slowing global growth, the emergence of innovative finance start-ups and an increasing volume of bad loans are combining to create a “powerful storm” for the Asia Pacific banking industry, consulting firm McKinsey & Company has said in its latest annual banking review on Wednesday (June 22). (more…)

Banks, Global trends, Hotnews, InspirAsia

June 23, 2016

749

Inside Fidor, the fintech bank run by its customers

By Wired Money

Since its rise in 2008, fintech has been touted as a major threat to the traditional banking processes, and one of the disruptive tech’s pioneers has been Fidor. (more…)

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

June 23, 2016

882

Another corporate finance firm is launching a fintech venture arm

By Lynsey Barber for City Am

German exchange owner Deutsche Boerse is wrapping up its investments in financial technology companies into a standalone venture capital fund and will ramp up its funding in fintech firms, joining the rush of corporates eyeing a slice of disruptive startups. (more…)

Banks, Deals, Fintech news

June 22, 2016

How Barclays Aims to Bring a Billion Unbanked into the Fold

By Brian Eha for American Banker

Barclays Africa Group has a market penetration problem. (more…)

Banks, Fintech news, Global trends, InspirAsia

June 21, 2016

Australian ‘bitcoin founder’ quietly bidding for patent empire

By Byron Kaye for Reuters

Craig Wright, the Australian who claimed to be the inventor of bitcoin, is attempting to build a large patent portfolio around the digital currency and technology underpinning it, according to associates of his and documents reviewed by Reuters. (more…)

Banks, Blockchain, Cryptocurrencies

June 21, 2016

655

Boom, bubble or bust for fintech?

by  for Techcrunch.com

The term “fintech” has become all the rage; investors and media can’t stop talking about it. Many people also have been talking about the “bubble” in the tech industry, but could there be a “bubble” in fintech, as well? (more…)

Analytics, Banks, Global trends, Hotnews, p2p-payments, p2p/online lending

June 16, 2016

520

Barclays launches platform for fintech start-ups

By Nupur Anand for Business Standard,

This comes at a time when both bank and non-financial players looking at this space actively (more…)

Banks, Fintech news, Global trends

June 16, 2016

574

Chinese borrowers told to post nude photos as collateral

By Lucy Hornby for Financial Times

Debt recovery tactics grow more aggressive as economy slows and loans sour

(more…)

Banks, InspirAsia

June 16, 2016

586

German fintech company builder FinLeap raises €21M at €121M valuation

By Steve O’Hear for TechCrunch

Berlin-based FinLeap, which is a German-style company builder specialising in fintech, has raised €21 million in new funding. Backing is said to come from original investor HitFox Group along with institutional investors from the insurance industry, including Hannover Re, the third largest worldwide reinsurer. (more…)

Banks, Deals, Fintech news, Global trends

June 14, 2016

952

Challenger banks will take “years” to make money

By Lynsey Barber for CityAM

Ambitious digital challenger banks hoping to topple the big high street players will take “years” to make money according to one of the founders of an mobile bank with ambitions to do just that. (more…)

Banks, Deals, Fintech news, Global trends

June 8, 2016

559

Stop Saying Big Companies Can’t Innovate

By Vijay Govindarajan for Harvard Business review

Some business pundits today believe innovation ignites better in startups than in large, established corporations. They believe big companies are weighed down by their own success, too invested in the past to create and execute new ideas. They say, “You can’t teach an old dog new tricks.” I disagree. (more…)

Banks, Global trends

June 7, 2016

672

The rise of APIs

By ,  for Tech Crunch

It’s been almost five years since we heard that “software is eating the world.” The number of SaaS applications has exploded and there is a rising wave of software innovation in the area of APIs that provide critical connective tissue and increasingly important functionality. (more…)

Banks, Global trends

June 6, 2016

820

The Future of Banking Is in China

By JAMES T. AREDDY and ALYSSA ABKOWITZ for WSJ

Tech companies use internet payment systems as a wedge into an array of money-management services

(more…)

Banks, Blockchain, Cryptocurrencies, Global trends

June 5, 2016

FinTech: Picking Up Momentum

By John Mason for Seeking Alpha

(more…)

Banks, Fintech news, Global trends, Hotnews

June 2, 2016

1100

PayPal Isn’t a Bank, But It May Be the New Face of Banking

By TELIS DEMOS for WSJ

By some measures, PayPal Holdings Inc. holds more customer money than all but 20 U.S. banks. What does that say about the future of banking? (more…)

Banks, Cashless, eWallets, Fintech news, Global trends

June 2, 2016