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841

In China, Traditional Banks Fight Challenge From Internet Firms

By Saibal Dasgupta for Voa News

China’s online finance companies, including Alibaba and Tencent, are competing fiercely with China’s traditional banks, which are adapting to the new marketplace. (more…)

Banks, China, Global trends, Government activities, InspirAsia

May 5, 2016

827

Deals: Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten

By Ingrid Lunden for techcrunch.com

Azimo was once in talks to be acquired by WhatsApp and Messenger owner Facebook. And while may not have gone anywhere, today it is announcing funding from another big tech company in possession of a major messaging app. (more…)

Banks, Deals, Fintech news, InspirAsia, Remittances

May 5, 2016

581

Is the Tech Bubble Popping? Ping Pong Offers an Answer

By Zusha Elinson fo WSJ Venture Capital

Twitter’s gloomy quarterly report last week unsettled investors. They might have anticipated trouble more than a year ago had they noticed one key indicator. (more…)

Banks, Fintech news, Global trends, InspirAsia

May 4, 2016

Who’s Afraid of Robo-Advisers?

By Nir Kaissar for Bloomberg

The Massachusetts Securities Division recently fired a shot heard around the robo-adviser world when it declared that the online financial advisers may not be up to snuff as fiduciaries for investors. (more…)

Analytics, Banks

May 4, 2016

11378

From BaaS and neobanks to FINTECH-BANK

By Vladislav Solodkiy, managing partner of a Singapore-based Life.SREDA VC 

Fintech is currently undergoing a natural evolution stage. Previous three years were a «toothbrush» era: when you perform just one function, but better than anyone, and when you are irreplaceable and used every day. The long-awaited turning point came in 2015 when all services started merging with each other in some way. (more…)

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

May 3, 2016

490

Silicon Valley Looks at Something New: Starting a Bank

(more…)

Banks, Fintech news, Global trends

May 3, 2016

1709

Start-up bank Tandem is raising $1.4M by crowdfunding

By Arjun Kharpal for CNBC

British “challenger” bank Tandem is to kick off a £1 million ($1.46 million) crowdfunding drive in a bid to get more people involved in the start-up’s upcoming launch and attract customers. (more…)

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

April 29, 2016

1606

DBS Bank Takes Stake in the ‘Siri for Banking,’ Kasisto

The Development Bank of Singapore Ltd. has taken a minority stake in Kasisto, a personal assistant that helps customers with their banking. (more…)

Banks, Deals, Fintech news, Global trends, Government activities, InspirAsia, Singapore

April 27, 2016

529

Goldman Sachs launches GS Bank, an Internet bank with a $1 minimum deposit

By Fitz Tepper for Techcrunch

Goldman Sachs has traditionally functioned like a run-of-the-mill investment bank. Minimums to open an account were in the range of $10 million, and returns were not guaranteed. (more…)

Banks, Fintech news, Global trends

April 26, 2016

561

RBI to bring P2P lending under regulation soon

By ENS Economic Bureau for Indian Express

P2P lending is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers. (more…)

Banks, Fintech news, Global trends, Government activities, India, InspirAsia

April 26, 2016

500

Bangladesh Bank robbers can’t spell, but it sounds like they can hack financial software

by  for the Next Web

The hackers involved in last month’s cyber heist of Bangladesh Bank, in which they managed to steal only $81 million of a planned $951 million haul because of a spelling error, might actually be smarter than they were initially made out to be. (more…)

Banks, Global trends, India, InspirAsia

April 25, 2016

559

Facebook payment system will change banking forever, but it comes with its own price tag – your privac

By Hamish McRae for the Independent

If you know where people have been, what sites they visit, what apps they download, and also their spending habits, you know a massive amount about them – much more than their bankers, the credit and debit card companies

(more…)

Banks, Fintech news, Global trends

April 25, 2016

740

What’s next for personal financial services?

By Erin Shipley for Techcrunch.com

Already there has been a huge amount invested in fintech in 2016, with investors funding close to $9 billion in January and February alone. It is a sector of innovation that shows no signs of slowing down, with companies tackling every part of the financialinfrastructure, from savings and lending to credit and insurance to payments and money transfer.

(more…)

Banks, Cashless, eWallets, Fintech news, Global trends

April 25, 2016

682

For This Fintech Upstart, Small Is Beautiful

By Telis Demos for WSJ

Acorns Grow Inc. is banking on the idea that tiny investments are the future of Wall Street.

(more…)

Banks, Deals, Global trends

April 25, 2016

962

Fintechs’ Goals Are Changing, VCs’ Appetite Is Not

By Penny Crosman for American Banker

Late last year, we wondered if the fast-growing fintech sector was overheating. At that time, we thought the answer was a qualified “yes”— that some companies were overvalued and there were signs of a bubble forming.

(more…)

Banks, Blockchain, Cryptocurrencies, Global trends

April 22, 2016

707

P2P lending: Does the industry need more than just transparency?

By Harriet Green for City AM

“Skin in the game” is an expression thrown around a lot in the P2P industry. Platforms don’t have banking licences and the majority don’t lend off their own balance sheets. So the question for some time now has been “what loss position will the platform take in the event of loan failure?” (more…)

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

April 22, 2016

653

Mobile giants bust into Singapore e-pay market

By Saheli Roy Choudhury for Yahoo news

The world’s two largest smartphone makers muscled into Singapore’s already-crowded mobile payment space this week, but experts say it may take a while for them to see much enthusiasm from locals. (more…)

Banks, Fintech news, Global trends, Government activities, InspirAsia, Singapore

April 22, 2016

705

The Big Flaw Few are Talking About in Fintech

By  for Fortune

Their business model may need to be changed. (more…)

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

April 20, 2016

824

Record number of customers switch their bank account

By Tim Wallace for the Telegraph

Record numbers of bank customers switched their current account to a rival lender last month, hinting that competition between banks may at last be taking off. (more…)

Banks, Global trends, Mobile-first banks

April 20, 2016

737

Deutsche Bank Seeks Real-World Impact With Blockchain Strategy

By Pete Rizzo for Coindesk

While major financial institutions are investing more time and resources in investigating the potential benefits offered by blockchain technology, the key question for many is not whether to look into the technology, but how. (more…)

Banks, Blockchain, Cryptocurrencies, Global trends

April 20, 2016

980

Banks and fintech in 2025: An unlikely alliance

By  for Techcrunch

Banking as we know it is in the midst of its first fundamental remaking in centuries. What’s driving this transformation? Two major shifts: our transition to interacting with money digitally instead of physically, which opened finances to tech disruption, and a tech wave that has changed the way consumers define ease and convenience. (more…)

Banks, Global trends

April 20, 2016

564

India’s Central Bank Head: Central Banks Are Doing More Harm Than Good

By Elliot Maras for Cryptocoinsnews

Raghuram Rajan, the governor of the Reserve Bank of India, questions the unconventional monetary policies central banks are pursuing and claims that pushing down interest rates results in people saving rather than spending. Rajan’s views echo those who criticize central bank policies, which have included restraining digital currencies. (more…)

Banks, Cryptocurrencies, Fintech news, India, InspirAsia

April 19, 2016

850

DBS Bank Report: Blockchain Technology to Unlock Southeast Asia’s Potential

By FintechNews Singapore

The most transformative blockchains will be those that can work across geopolitical boundaries and Southeast Asia has the most potential that can be unlocked with this technology, according to a new report by DBS Bank. (more…)

Banks, Blockchain, Cryptocurrencies, Global trends, Government activities

April 19, 2016

592

Why big banks won’t be able to join the fintech boom

By Matthew Lynn for the Telegraph

Peer-to-peer lending. Robot financial advisers. Crowd funding. Alternative currencies. Every day seems to bring news of another whizzy new financial technology start-up.

(more…)

Banks, Fintech news, Global trends

April 19, 2016

695

5 things you need to know in Australian tech today

By Harry Tacker for Business Insider

Welcome to a new week, this is what you need to know in tech. (more…)

Banks, Fintech news, Global trends, Government activities

April 19, 2016

725

Visa, Malaysian Islamic banking association on the lookout for best fintech startups in ASEAN

By Sainul Abudheen K for E27.com

The competition is open to residents of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam (more…)

Banks, Deals, Global trends, p2p-payments

April 18, 2016

594

UK banks have yet to address the elephant in the room: Their current business model is unsustainable

By Bill Michael for CityAM, Bill Michael is global head of banking at KPMG

It was another tough year for UK banks in 2015, and the challenges look set to continue. Our high-street banks are at a vital juncture: they’ve survived the crisis and are now preparing for one of the biggest overhauls of UK banking we have ever known with the introduction of ring fencing. (more…)

Banks, Fintech news, Global trends, Government activities

April 14, 2016

517

This Former Regulator Is Now a Bitcoin Backer

By Reuters

He used to warn about cybersecurity. (more…)

Banks, Blockchain, Cryptocurrencies, Global trends

April 14, 2016

646

Blockchain will usher in the era of decentralised computing

By Bruce Pon For LSE Business Review

By now, you’ve heard of blockchain, the technology that underlies Bitcoin. Blockchains are a type of decentralisation technology that will fundamentally change the way our financial services, industries and government operate. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends

April 14, 2016

667

Deals: Luka, with $4.42 million in Series A, releases AI-powered chat bots

By Jordan Crook for Techcrunch

Just in time for the chat bot craze, Startup Battlefield alum Luka is enhancing its AI-powered messaging service with a variety of smart bots to help users get whatever they desire. (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia

April 12, 2016