By Sofia in LetsTalkPayments.com (more…)
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.
By Daniel Palmer, 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…)
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…)
By Rachel Boon for StraitsTimes,
SINGAPORE -Personal finance portal MoneySmart.sg will offer an OCBC Bank home loan for a limited period. (more…)
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…)
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…)
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…)
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…)
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…)
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…)
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.