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300

As VCs pivot from lenders, case for deposit-side fintech is less clear

By American Banker

Companies that aggregate consumers’ financial lives are having a moment. (more…)

Deals, Global trends, Influences FinTech, People of fintech

May 15, 2017

255

Blockchain ICO Funding Gains Steam Vs VC Investment

Token offerings hit their highest funding point last quarter, with 10+ deals totaling about $70M. (more…)

Blockchain, Deals, Global trends

May 15, 2017

244

Credit Karma now helps users find unclaimed cash

by  for Techcrunch.com

Since being founded a decade ago, Credit Karma has worked to help users better understand their credit scores and improve their financial health. Today the company is launching a new product that helps find unclaimed money they might not even have known was owed to them. (more…)

Deals, Fintech news, Hotnews, RegTech, Security

May 15, 2017

MarketInvoice Receives £45 Million to Lend from BNI Europe

MarketInvoice, a UK based invoice financing platform, has received a £45 million lending commitment from Portuguese bank BNI Europa. (more…)

Deals, p2p/online lending, SME

May 15, 2017

259

Snapchat hits a disappointing 166M daily users, growing only slightly faster

By Josh Constine for TechCrunch

Snap’s growth rate increased only slightly in Q1 2017 — a bad start to its first quarterly earnings report since going public. Snap hit 166 million daily active users at a growth rate of 5%, compared to the 158 million DAUs it had in Q4 when it hit a 3.2% growth rate. Snap’s year-over-year growth rate continued to slip, falling to 36% year-over-year from 48% in Q4. (more…)

Analytics, Cashless, Deals, Global trends, Hotnews

May 11, 2017

253

BNP Paribas to become startup bank for Parisian version of Silicon Valley

BNP Paribas is to locate its Plug and Play accelerator at Parisian startup campus Station F as part of a partnership programme that will see the bank become a first port of call to meet the financing needs of emerging technology firms at the site. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

May 11, 2017

200

KPMG acquires fintech matchmaking firm Matchi

KPMG is looking to cash in on the growing trend for bank/startup collaboration with the acquisition of fintech matchmaking platform Matchi. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 11, 2017

186

Deutsche Bank backs pan-industry online identity platform

Deutsche Bank is teaming up with a host of major firms to set up a platform for online registration, e-identity and data services. (more…)

AI / Machine Learning / Big Data, Banks, Deals, Global trends, Hotnews

May 9, 2017

256

Jack Henry strikes partnership deal with First Data and PSCU

By Jack Henry

Jack Henry & Associates announced it has entered into a strategic services agreement with First Data (NYSE: FDC) – the global leader in payment technology and services solutions – and PSCU – the nation’s leading credit union service organization – to further expand the credit and debit card platform offered to financial institutions by its JHA Card Processing Solutions group. (more…)

Deals, Global trends

May 5, 2017

Sage confirms sale of US trading unit

By Sage

The Sage Group plc unaudited results for the six months ended 31 March 2017. (more…)

Deals, Global trends

May 5, 2017

250

Next Insurance raises $29 million for online platform that targets small businesses with tailored plans

By Paul Sawers for Venture Beat

Next Insurance, an online insurance platform that targets small to medium-sized businesses, has raised $29 million in a Series A round of funding led by Munich Re/HSB Ventures, Markel, and Nationwide, with participation from other existing investors. (more…)

Deals, Global trends, Hotnews, Insurance

May 4, 2017

211

Bank of America teams with Bypass for digitial commerce at stadium concessions

By Bank of America

Bank of America Merchant Services and Bypass are teaming up to help arenas, sporting venues, corporate and college campuses, hospital cafeterias and other contract food and beverage operators run their concessions more efficiently through a new unified, digital commerce solution. (more…)

Banks, Deals, Hotnews

May 4, 2017

254

Online insurance firm Next Insurance raises $29 million

By  for TechEU

Israeli-founded online insurance company Next Insurance has raised $29 million from Munich Re/HSB Ventures with participation from Markel, and Nationwide. (more…)

Deals, Global trends, Hotnews, Insurance

May 4, 2017

155

153

Today in Data: Western Union’s Mixed Earnings

While Tuesday’s earnings for Western Union were a mixed bag, the overall 2017 outlook remains steady. (more…)

Deals, Fintech news, Global trends, InspirAsia

May 4, 2017

145

Yieldify raises another $6M, appoints adtech vet John Giuliani as chairman

By Ingrid Lunded for TechCrunch

As the web becomes an ever more crowded landscape of things battling for your attention, we’re seeing an increase in marketing spend from companies to help capture it, and that in turn is leading to a rising tide for marketing technology startups building solutions to do just that. Today, Yieldify, a London-based company that builds tools to increase conversions on sites and through email campaigns, is announcing a new round of $6 million to continue building out its products. At the same time, it is appointing a new chairman, John Giuliani, an industry veteran who most recently sold his company Conversant to Alliance Data for $2.3 billion. (more…)

Deals, Global trends

May 3, 2017

190

Cisco to acquire networking tech firm Viptela for $610 million

By Venture Beat

Cisco’s second acquisition in the New Year is another big one. (more…)

Deals, Global trends, Hotnews

May 2, 2017

304

JD reportedly in talks to invest in Tokopedia, may propel its valuation past US$1B

By Anisa Menur A. Maulani for e27.com

With the investment in Tokopedia, JD will compete directly with Alibaba, which had purchased controlling stake in Lazada last year (more…)

Deals, Global trends, Hotnews, InspirAsia

May 2, 2017

Emirates NBD integrates blockchain tech into cheques

Emirates NBD is embarking on a pilot that will see it use blockchain technology to boost the security of its cheques. (more…)

Blockchain, Deals, Fintech news, Global trends, Hotnews

May 2, 2017

Fintech Startup Satispay Raises €14M in Funding

Satispay, a Milan, Italy-based fintech startup, raised €14m in its latest funding round. (more…)

Deals

May 1, 2017

AccessPay Receives £2M Financing

AccessPay, a Manchester, UK-based fintech company, raised £2m in debt financing. (more…)

Deals

May 1, 2017

174

Japan’s answer to Y Combinator just graduated its next 3 companies

By Peter Rothenberg for Tech in Asia

Code Republic graduated its second batch of three startups last night. They say ,“threes a crowd,” and the crowd definitely showed up Friday. (more…)

Accelerators/Incubators/Labs, Deals, Global trends, InspirAsia

May 1, 2017

187

Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe

By Jon Russel for TechCrunch

Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking its first investment in an Australian startup — with participation from Sequoia China, Mastercard and other undisclosed investors. (more…)

Deals, eWallets, Global trends, Hotnews, Remittances

May 1, 2017

523

RegTech, AI Fuel Strong B2B FinTech Numbers

BY PYMNTS

Good news emerged from the U.S. venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 billion, found a new report from KPMG. Analysts said the industry has seen its highest venture capital activity since Q1 of 2016, fueled by focus on late-stage investment rounds. (more…)

Deals, Fintech news, Global trends, SME

April 28, 2017

272

279

TSB to hook up with fintechs for new mobile app

by TSB

TSB has begun to rollout its new mobile banking app, which is the challenger bank’s first service built by its new ‘Proteo’ IT platform. (more…)

Banks, Deals, Fintech news, Hotnews, Mobile-first banks

April 27, 2017

282

BearingPoint invests in Nordic InsurTech startup Tribe

As part of its Ventures activities, BearingPoint has invested in the Oslo-based start-up Tribe. (more…)

Deals, Global trends, Hotnews, Insurance

April 27, 2017

205

This insurance startup came out of nowhere to raise $50m series A

By Michael Tegos for Tech in Asia

Insurtech firm Singapore Life announced today it has raised a blockbuster US$50 million for its series A round. (more…)

Deals, Insurance

April 27, 2017

244

Vantiv to Acquire Paymetric

Vantiv, Inc. (VNTV), a leading provider of payments processing services and related technology solutions for merchants and financial institutions, announced today its agreement to acquire Paymetric, a portfolio company of Francisco Partners. (more…)

Deals, Global trends, Payment processors/providers/gateways

April 26, 2017

260

DBS and OCBC push QR codes for mobile payments

Singaporean banks DBS and OCBC are to introduce QR code-based payments at offline stores in a joint project with national payments processor Nets. (more…)

Banks, Deals, Fintech news, Hotnews, InspirAsia, Payment processors/providers/gateways

April 26, 2017