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2096

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

1504

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

3148

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

21064

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

1521

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

5255

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

970

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

1351

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

3050

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

1413

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

1211

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

1234

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

1099

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

1311

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

2087

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

2734

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

1446

Deals: Singapore bank UOB will invest $10m in an equity crowdfunding site

By Terence Lee for TechinAsia

Singapore’s banks are head over heels in love with fintech. Well, I’m exaggerating, but it’s true that financial institutions in the country are exploring ways to use technology to improve their offerings. (more…)

Banks, Deals, Fintech news, Global trends

March 3, 2016

8419

Life.SREDA VC report: Neo- and challenger banks are coming

Key findings on upcoming trends in the banking sector. 

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

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

March 3, 2016

Myanmar shows green light to four more foreign banks, all from Asia

By Juliet Shwe Gaung  for DSA

The Central Bank of Myanmar has awarded preliminary operating licenses to four more foreign banks, all from Asia,  – Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank. With this move, the total number of foreign banks that are allowed to operate in the frontier market touches 13. (more…)

Banks, Fintech news, Global trends

March 3, 2016

1295

JP Morgan CEO Says ‘There’s Nothing Mystical’ About Online Lending Startups

By Leena Rao for Fortune

Jamie Dimon weighs in on online lenders, regulation, and more. (more…)

Banks, Global trends

March 1, 2016

1979

LendingClub and the limits of FinTech disruption

By Aaron Back for wsj.com

LendingClub’s new arrangement with its partner bank is a reminder that FinTech can’t disrupt everything. (more…)

Banks, Deals, Fintech news, p2p-payments, p2p/online lending

February 29, 2016

8115

KPMG Report: Robo Advice Platforms Will Manage US$2.2 trillion Worth of Assets by 2020

By KPMG report, first publieshed by Fintechnews.ch 

KPMG surveyed 1,500 bank clients about their awareness of and interest in digital wealth management, or robo-advisors.

(more…)

Banks, Fintech news, Marketing Report

February 25, 2016

2429

The bank that fintech built: Number26 and TransferWise team up to re-invent banking

By Paul Sawers for VentureBeat

Two European fintech startups are teaming up to give a glimpse of what the bank of tomorrow could look like. (more…)

Banks, Fintech news, Mobile-first banks

February 25, 2016

1304

Malaysian Islamic banks launch investment account platform

By Joseph Sipalan for The Dealstreetasia,

A group of six Malaysian Islamic banks on Wednesday launched a sharia-compliant investment platform that could shift the role of Islamic lenders to investment intermediaries from credit providers currently. (more…)

Banks, Fintech news

February 24, 2016

3007

India’s online financial marketplace BankBazaar expands into Singapore

By Sainul Abudheen K for e27.com

It is also looking at other growth markets in Asia, including Malaysia, the Philippines and the UAE (more…)

Banks, Fintech news, India, Malaysia, p2p/online lending, Philippines, Singapore

February 23, 2016

2268

Blockchain Brings Africa Hope

By Elliot Maras for ccn.la

African banks, behind the times with fintech, could actually become pioneers in developing new financial technologies like the blockchain and bitcoin. (more…)

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

February 22, 2016

UniCredit to invest €200M in Fintech companies globally

Banking group UniCredit has committed approximately €200m to invest in fintech companies worldwide.


 

To this end, The bank has signed a partnership with Anthemis Group, a London, UK and NYC-based venture capital and advisory firm that focuses exclusively on fintech.

According to a note, Unicredit aims to invest in fintech companies in order to turn a threat into an opportunity, enriching the business proposition and speeding up the digital evolution program of the group.

UniCredit will invest through two dedicated vehicles, as follows:
– a €175m equity fund focused on established startups and follow-on investments, with , and
– a $25m fund investing in early stage startups, where the bank will act as anchor investor.

Anthemis Holdings invests in digitally native financial services companies in such sectors as:
1. Retail banking & consumer finance
2. Business & corporate banking
3. Payments
4. Wealth & asset management
5. Capital markets & trading
6. Insurance & risk management
7. Data, technology & infrastructure

The firm currently has a portfolio of 31 companies based is US (52%), UK (30%), Continental Europe (4%) and rest of the world (15%), including Azimo, Betterment, eShares, eToro, Fidor Bank, Jumo, Metamakets, Payperks, Premise, Seedcamp, Xenapto, etc.

The article first appeared in Finsmes.com

Banks, Fintech news, Global trends

February 19, 2016

4250

25 FinTech Startups That Expanded Globally Despite Regulations & Other Problems

Borderless innovation is a broad topic, which includes global expansion, global networking, cross-country laws, global business opportunities and partnerships and a lot more. A few FinTech startups have been successful in global expansion.

(more…)

Banks, Cashless, Fintech news, Global trends, news, SME

February 19, 2016