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…)
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…)
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…)
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…)
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…)
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.
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…)
Vladislav Solodkiy, Managing Partner, Life.SREDA VC
“Innovator’s Dilemma”: are the banks capable of making innovations by themselves? (more…)