MENU

Government activities
Category

For Fintech Disruptors, Regulatory Freedom Will Be Fleeting

By Frank Sorrentino for Forbes

As long as there has been business, there has been disruption. A recent Harvard Business Review article discussed the concept of “spontaneous deregulation,” when a shiny new technology or innovative business model emerges onto the scene, disrupts its industry and – temporarily – renders existing rules and regulations obsolete. (more…)

Columns, Fintech news, Government activities

May 25, 2016

845

LendingClub Is Ruining It for the Rest of Fintech

Fintech news, Global trends, Government activities, Hotnews

May 20, 2016

863

Korea will pay to move your startup to Seoul — and why you should let them

By Nathan Millard for VentureBeat

 

At the start of 2015, I did something that would have seemed insane ten years earlier: I launched a startup in Seoul, Korea, as a Brit.

(more…)

Global trends, Government activities, InspirAsia

May 20, 2016

862

From Rwanda to the Dominican Republic: This is the big impact of microfinance

By Knowledge@Wharton

Microfinance is a powerful tool that can transform communities by lifting the poorest individuals out of poverty. David Simms, who has served in various leadership positions with the nonprofit Opportunity International for the past 30 years, understands the potential of microfinance. He’s seen its impact in more than two dozen countries, where his organization has leveraged the financial instruments to improve daily life. Simms is the former president and global chief development officer of Opportunity U.S. who recently founded Olive Tree Advisors, a consulting firm to nonprofits. He sat down with Tyler Wry, a management professor at Wharton, to share his insights on where the field is heading.

(more…)

Cashless, Global trends, Government activities

May 20, 2016

1094

India emerging a hub for fintech start-ups

By Shivane Shinde for the Business Standard

According to a report by Nasscom, there are close to 400 companies in India focused on the fin-tech market globally.

(more…)

Fintech news, Global trends, Government activities, India

May 18, 2016

699

Singapore start-up scene receives near $30M boost from government

By Saheli roy Choudhury for CNBC

Singapore’s start-up scene received a boost on Thursday, after the government said it will provide funds to four large local enterprises to match their investments in fledgling local companies.

(more…)

Global trends, Government activities, Hotnews, Singapore

May 17, 2016

749

China extends security reviews to gadgets from Apple and others

By James Vincent for the Verge

China has reportedly increased its scrutiny of foreign-made consumer tech products, reviewing devices — including those made by Apple — to judge whether they pose a threat to the country’s security.   (more…)

China, Global trends, Government activities

May 17, 2016

Bank of Japan Official: Central Banks Need to Watch Blockchain

By Stan Higgins for Coindesk

A deputy governor of Japan’s central bank has said that central banks worldwide need to pay close attention to developments surrounding digital currencies and blockchain technology. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends, Government activities

May 15, 2016

1054

Fintech Flip-Flop

By Nisha Gopalan for Bloomberg Business

Few words fill banks with more dread these days than fintech, the growing bevy of unregulated upstarts mucking about in their business patch. (more…)

Deals, Government activities, Hotnews, p2p-payments, p2p/online lending

May 6, 2016

1138

In China, Traditional Banks Fight Challenge From Internet Firms

By Saibal Dasgupta for Voa News

China’s online finance companies, including Alibaba and Tencent, are competing fiercely with China’s traditional banks, which are adapting to the new marketplace. (more…)

Banks, China, Global trends, Government activities, InspirAsia

May 5, 2016

1074

Lending Startups Hone Their Focus

By Telis Demos for WSJ Venture Capital

Silicon Valley once threw money at startups that aimed to disrupt broad swaths of finance. Now it is rewarding those that have sharpened their focus. (more…)

Analytics, Fintech news, Global trends, Government activities, p2p-payments, p2p/online lending

April 27, 2016

1872

DBS Bank Takes Stake in the ‘Siri for Banking,’ Kasisto

The Development Bank of Singapore Ltd. has taken a minority stake in Kasisto, a personal assistant that helps customers with their banking. (more…)

Banks, Deals, Fintech news, Global trends, Government activities, InspirAsia, Singapore

April 27, 2016

705

RBI to bring P2P lending under regulation soon

By ENS Economic Bureau for Indian Express

P2P lending is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers. (more…)

Banks, Fintech news, Global trends, Government activities, India, InspirAsia

April 26, 2016

828

Mobile giants bust into Singapore e-pay market

By Saheli Roy Choudhury for Yahoo news

The world’s two largest smartphone makers muscled into Singapore’s already-crowded mobile payment space this week, but experts say it may take a while for them to see much enthusiasm from locals. (more…)

Banks, Fintech news, Global trends, Government activities, InspirAsia, Singapore

April 22, 2016

750

Apple Pay and Bitcoin Are No Match for Harriet Tubman’s $20 Bill

By Ben Steverman for Bloomberg

Cash is still king, and the twenty sits on the throne, making up more than half the value in your wallet. In replacing Andrew Jackson on the $20 bill, Harriet Tubman is getting pride of place in the American wallet. (more…)

Fintech news, Global trends, Government activities

April 22, 2016

1058

DBS Bank Report: Blockchain Technology to Unlock Southeast Asia’s Potential

By FintechNews Singapore

The most transformative blockchains will be those that can work across geopolitical boundaries and Southeast Asia has the most potential that can be unlocked with this technology, according to a new report by DBS Bank. (more…)

Banks, Blockchain, Cryptocurrencies, Global trends, Government activities

April 19, 2016

986

5 things you need to know in Australian tech today

By Harry Tacker for Business Insider

Welcome to a new week, this is what you need to know in tech. (more…)

Banks, Fintech news, Global trends, Government activities

April 19, 2016

730

Forget Melbourne v Sydney, Australian fintech must take a global view

By Simon Lee for Financial Review

In 1901 there was such a massive spat between Sydneysiders and Melburnians over which city should be capital of the newly federated Australia that a whole new city (and territory) was formed.

(more…)

Fintech news, Global trends, Government activities

April 18, 2016

732

Embedding security in a digital economy

by Mohd Ujaley for the Financial Express

Digital India can be successful only when a proper security framework to protect the critical infrastructure is in place (more…)

Cashless, Fintech news, Global trends, Government activities

April 18, 2016

763

UK banks have yet to address the elephant in the room: Their current business model is unsustainable

By Bill Michael for CityAM, Bill Michael is global head of banking at KPMG

It was another tough year for UK banks in 2015, and the challenges look set to continue. Our high-street banks are at a vital juncture: they’ve survived the crisis and are now preparing for one of the biggest overhauls of UK banking we have ever known with the introduction of ring fencing. (more…)

Banks, Fintech news, Global trends, Government activities

April 14, 2016

939

Singapore to Regulate Fintech Firms Only When They Pose Risk

By  and  for Bloomberg

Singapore will start to regulate its financial technology companies only when they grow to a sufficient size to pose risks to the wider financial system, the managing director of the country’s central bank said. (more…)

Fintech news, Global trends, Government activities, InspirAsia, Singapore

April 13, 2016

751

Beware of fintech’s pivot east

By Nancy Hulgrave for CNBC

Ever since former Barclays chief executive Antony Jenkins declared an “Uber moment” for banks, the powers that be from the Square Mile to Canary Wharf have rushed to defend themselves against a herd of ambitious Unicorns.

(more…)

Banks, Fintech news, Global trends, Government activities, InspirAsia

April 12, 2016

1078

India’s Audacious Plan to Bring Digital Banking to 1.2 Billion People

By Saritha Rai for Bloomberg Business

A biometrics-backed ID system will make it easier for everyone—from rural villagers to urban dwellers—to ditch cash.

(more…)

Analytics, Cashless, Global trends, Government activities, India, InspirAsia

April 11, 2016

805

Fintech dominates Nordic startup investments

By Dennis Mitzner for Techcrunch.com

Fintech attracted the most investment for the first time in the Nordic region, more than any other vertical.  Between January 1, 2014 and end of March 2016, 51 fintech investments were made in companies in Sweden, Finland, Norway, Denmark and Iceland, totaling $390.17 million. (more…)

Deals, Global trends, Government activities, InspirAsia

April 9, 2016

977

The Third Industrial Revolution – Potential Impacts of Technology on Employment

By Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School of Business, New York University for WEF 

We are at the cusp of a third Industrial Revolution, with new technologies spawning a feverish excitement for a radical transformation in industrial production. Technological improvements in robotics and automation, as well as systematic changes in the economy that coincide with this revolution, will dramatically boost productivity and efficiency.

(more…)

Banks, Fintech news, Global trends, Government activities

April 4, 2016

848

Could fintech make travelling safer?

Written by Ramón Martín, Global Head, Merchant Sales and Solutions, Visa Inc

Travel is an increasingly important driver of global economic growth. International tourism has grown faster than global GDP for the past several years, and is expected to continue on a positive trajectory.

(more…)

Cashless, Fintech news, Global trends, Government activities, InspirAsia

March 31, 2016

1084

Here’s Why the Blockchain Would Have Saved Lehman Brothers

By  for Fortune magazine

CFTC commissioner is on board with the bitcoin-related technology. Bitcoins could have saved Lehman Brothers, sort of. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends, Government activities

March 31, 2016

5194

Cashless society and Fintech hubs

The world dreams of a cashless society. And as it acquires a multitude of non-cash payment options, this dream only comes closer. The progress of economies varies, though. In Hong Kong, one can purchase tickets or eat in fast food outlets using the Octopus value card. In Sweden, the homeless no longer ask passers-by for loose change; they have card readers instead.

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

Cashless, Fintech news, Global trends, Government activities, Hotnews, InspirAsia

March 28, 2016

913

Japan Looks to Kickstart ‘Fintech’ Revolution

By Reuters

Strict regulation has been choking out financial innovation in the world’s third-biggest economy. (more…)

Fintech news, Global trends, Government activities, InspirAsia

March 28, 2016

World Bank: 2 Billion of adults worldwide have no access to Financial Services

In this installment of My Favorite Number, the World Bank Group’s Douglas Pearce says he’s most intrigued by the number 2 billion. (more…)

Banks, Cashless, Global trends, Government activities, InspirAsia

March 17, 2016