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981

Why Wall Street Is Embracing the Blockchain?

By Cade Metz, writer at Wired.com 

Just before Christmas, Overstock.com and its free-thinking CEO, Patrick Byrne, announced that the Securities and Exchange Commission had approved its plan to issue stock over the blockchain, the vast online ledger that drives the bitcoin digital currency.

(more…)

Analytics, Banks, Blockchain, Fintech news, Global trends, news

February 17, 2016

1810

7 Asian Banks Investigating Blockchain Tech

By , writer at Coindesk.com

Until recently, there was a noticeable lack of interest in bitcoin and the blockchain among the financial institutions of Asia. In fact, banks there were more likely to be issuing warnings about digital currencies than getting involved in any related activity. (more…)

Banks, Blockchain, Cashless, Cryptocurrencies, Global trends

February 17, 2016

1514

India: an ambitious move toward a cashless society

By Meghna Rao, article first appeared in Tech in Asia news

TIA: The dream of a cashless society for India is not too far off.

(more…)

Banks, Cashless, Global trends, India, Mobile payments/banking

February 16, 2016

UN Paper: Pushing Bitcoin for Third World Issues Can Be ‘Techno Colonialism’

By Daniel Palmer for Coindesk,

A new UN working paper argues that the bitcoin community has a tendency towards “techno-colonial solutionism” and “techno-libertarian evangelism” in proposing the digital currency as a solution to issues in the developing world. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news

February 12, 2016

811

Deals: Personal finance website partners OCBC to offer home loan with a rate of 1.63%

By Rachel Boon for StraitsTimes,

SINGAPORE -Personal finance portal MoneySmart.sg will offer an OCBC Bank home loan for a limited period. (more…)

Banks, Deals, Fintech news, Japan, Mobile-first banks, SME

February 12, 2016

FinTech Buyers Club: Who Invests in FinTech Startups?

By LetsTalkPayments, Sofia,

As one may have noticed, the FinTech fever is spreading around the world at an outstanding pace. Tech companies, banks and players that are not even related sometimes are catching the rush to get involved with the most promising startups in fear of becoming irrelevant. (more…)

Banks, Deals, Global trends

February 9, 2016

Digital money, negative rates as Gosplan 2.0

By Izabella Kaminska for Finantial Times,

UBS’s Paul Donovan offered some thoughts earlier this week on the unintended consequences of negative rate regimes, which — whilst interesting — stimulated a different thought in us related to data. (more…)

Banks, Fintech news

February 5, 2016

826

Why a former trust company launched a digital-only bank

By Mary Wisniewski for the American Banker Magazine,

Rather than partner with a neobank, a more than 45-year-old Canadian financial services company chose to build a digital-only brand to acquire retail customers and to control the user experience. (more…)

Banks, Fintech news, Mobile-first banks

February 4, 2016

World’s top 100 corporations are in on startup revolution: 500 Startups-INSEAD study

by Liz Lee for DealstreetAsia.com,

A notable 68 per cent of the top 100 companies named in the Forbes Global 500 list are engaging with startups, evident that large corporations are paying attention to the smaller, more innovative companies. (more…)

Banks, Deals, Fintech news, Global trends

February 3, 2016

657

Singapore bank OCBC joins fintech boom with startup incubator

By Michael Tegos for TechinAsia

Fintech startups in Singapore now have one more place to turn to for help in developing their ideas and seeking funding and partnerships: Singaporean bank OCBC today announced its new fintech “innovation center,” called The Open Vault at OCBC. (more…)

Banks, Fintech news, Global trends

February 1, 2016

Bank Fintech Accelerators Are Destined to Die

By Oliwia Berdak for the Amrican Banker. Oliwia Berdak is a senior analyst at Forrester Research.

These days most banks seem to have an innovation lab, accelerator or a venture capital fund to encourage tech experimentation. But these corporate startup programs are driven by either hope, fear or a herd effect. That is, if their banking competitors have a vehicle to promote innovation, they need one too. (more…)

Banks, Deals, Fintech news, Global trends

January 28, 2016

Exclusive: Thailand’s Siam Commercial Bank to launch VC arm to fund tech startups

The Siam Commercial Bank (SCB) is setting up its first venture capital fund, with a target size of up to $50 million, focussed on startups raising Series A or higher stage capital, a source familiar with the development told DEALSTREETASIA. (more…)

Banks, Fintech news

January 28, 2016

671

Mandiri’s capital venture eyeing startups

By Grace Amianti for The Jakarta Post,

New venture capital firm PT Mandiri Capital Indonesia (MCI), owned by state-run Bank Mandiri, has been launched to provide alternative financing for the country’s potential start-up businesses. (more…)

Banks, Cashless, Fintech news

January 28, 2016

801

UK is the fourth most digital-ready country, according to Citigroup and Imperial College London

Report highlights progress in digital money adoption, explores the role of culture and human behaviour as drivers to change (more…)

About, Banks, Cashless, Fintech news, news, p2p-payments

January 26, 2016

696

Biggest global banks at Davos: we’re all fintech innovators now

By Michael J. Moore, Ambereen Choudhury, Elisa Martinuzzi for Bloomberg business

Fintech was every banker’s buzzword at the World Economic Forum, as leaders of the world’s largest financial companies both touted the potential of new innovations and leaned on regulators to control the startups threatening parts of their business. (more…)

Banks, Fintech news

January 25, 2016

1009

Has Fintech Boom Peaked?

By TELIS DEMOS and PETER RUDEGEAIR for WSJ.com

The “fintech” revolution is running into some resistance. New venture funding for upstart financial technology companies slowed sharply in the fourth quarter, according to Dow Jones VentureSource. (more…)

Banks, Fintech news, news

January 22, 2016

BBVA gets agile as scrum teams tear up the bank IT rule book

by Finextra.com

Spanish bank BBVA now has 500 staff members working in small scrum teams to rush through the development of new projects, representing a five-fold increase over the past year. (more…)

Banks, Fintech news

January 21, 2016

984

How John And Patrick Collison Built Stripe Into The PayPal Of The Mobile Era

By Miguel Helft for Forbes,

THE FIRST SIGNAL YOU PICK UP that John and Patrick Collison, who cofounded mobile payment phenomenon Stripe, are not big on the trappings of corporate status is a North Face backpack. (more…)

Banks, eWallets, Fintech news

January 18, 2016

526

Banks vs. Fintech? No Contest, Banks Win

By Rene Lacerte for Huffington Post,

The meteoric rise of fintech firms in recent years coupled with the surge of interest by already-established technology companies in the consumer payments space are nothing short of remarkable. (more…)

Banks, Fintech news, Global trends

January 14, 2016

SBI’s Intech to engage startups in FinTech

(SBI) chairman Arundathi Bhattacharya on Thursday announced Intech, an initiative to team up with startups to create financial technology (FinTech) solutions for banks. (more…)

Banks, Cashless, Deals, Fintech news

January 14, 2016

BofA Has $3 Billion to Pour Into Innovation as Banks Are Swarming Around FinTech Startups

With the financial industry heating up, banking giants are looking to catch the innovation wave and leverage the opportunities FinTech startups create. One of the largest American banks, Bank of America—along with other banking industry giants—is taking steps to embrace FinTech and innovation in a wide range of financial services. (more…)

Banks, Fintech news, news

January 12, 2016

The Business of Data

By Naka Kondo for the Economist,

More and more organisations are collecting and storing vast amounts of data. Yet for all the excitement generated by the potential of this data to transform business models—turning it directly into cold, hard cash can prove difficult. (more…)

Banks, Fintech news, Global trends

January 12, 2016

654

Deals: Mambu, The SaaS Banking Platform, Picks Up €8 Million Funding

By Steve O’Hear for Techcrunch.com,

Mambu, the SaaS banking platform, has raised a further €8 million in funding. The round was led by Acton Capital Partners and CommerzVentures, with participation from existing investors. The additional capital will be used to expand its commercial team, invest in the platform and to open new offices in Asia and the Americas. (more…)

Banks, Deals, Fintech news

January 11, 2016

Starling raises $70m for UK banking market push

By Emma Dunkley for ft.com

Starling Bank has recruited a former regulator and a number of industry heavyweights for its board while raising $70m to spearhead its attempt to move into the UK banking market. (more…)

Banks, Deals, Fintech news

January 11, 2016

675

CBS, PLDT unit to service loans through online platform Lendr

by Maricel Burgonio for Manila Bulletin,

China Bank Savings (CBS) has partnered with PLDT unit  Voyager Innovations to service loans through Lendr, the country’s first online marketplace platform for consumer loans. (more…)

Banks, Cashless, Fintech news

January 9, 2016

818

Singapore: Payments firm 2C2P gets strategic investment from SafeCharge, to gain access to global e-commerce

By Shiwen Yap for Dealstreetasia.com,

Mobile payment is set to become a viable everyday tool over the next few years (more…)

Banks, Fintech news, news, Singapore

January 9, 2016

1079

Maybank-MaGIC collaborate to boost start-up businesses in Malaysia

Malayan Banking Bhd (Maybank) has teamed up with Malaysian Global Innovation and Creativity Centre (MaGIC) to boost start-ups in the financial services industry in ASEAN.

In a statement today, Maybank said it would leverage on MaGIC’s expertise, regional reach and resources to nurture local and regional start-ups. (more…)

Banks, Fintech news, Global trends, InspirAsia, Malaysia, Singapore

January 6, 2016

1442

DBS commits S$10m to Singapore’s startup ecosystem

By dealstreetAsia,

Southeast Asia’s leading lender DBS Friday committed S$10 million ($7.1 million) for Singapore’s startup ecosystem over the next five years, and a bulk of this amount is slated to go into programmes run by the bank such as its partnerships with local accelerators and incubators.

(more…)

Banks, Fintech news, Government activities, Singapore

January 4, 2016

660

Philippines: PLDT unit, US-based UniTeller tie up for new remittance platform

By Tomas S. Noda III for dealstreetasia.com

PLDT Global Corp (PGC), a unit of Philippine listed telecom and digital services provider PLDT, has partnered with US-based international remittance network UniTeller Financial Services to develop a new online remittance platform. (more…)

Banks, Fintech news

January 1, 2016

4804

Singapore’s true way to a cashless society

Vladislav Solodkiy, Managing Partner, Life.SREDA VC:

These days many countries are talking about the importance of innovations in the financial sector. Many of those are claiming that they will soon become the first to go completely cashless. They may be saying so, but what if they don’t really know how to do it? (more…)

Analytics, Banks, Cashless, Columns, Global trends, Government activities, Influences FinTech

August 17, 2015