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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

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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

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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

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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

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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

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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

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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

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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

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12 lessons from BBVA and Goldman Sachs: how banks should regard fintech

Vladislav Solodkiy, Managing Partner, Life.SREDA VC

“Innovator’s Dilemma”: are the banks capable of making innovations by themselves? (more…)

About, Banks, Columns, Influences FinTech

August 5, 2015