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612

Insurance is ready for an upgrade

By Sam Friedman for Techcrunch.com

Insurance may be widely perceived as a sleepy backwater when it comes to innovation in technology, but that’s about to change. (more…)

Analytics, Global trends, Government activities, Hotnews

July 11, 2016

682

This fintech startup has shaken off Brexit to raise millions more

By Lynsey Barber for CityAM

UK fintech startup Revolut has raised millions of pounds of new funding from top Silicon Valley investors and plans to raise further cash via crowdfunding, shaking off worries over a Brexit slowdown in tech investment. (more…)

Analytics, Fintech news, Global trends, Government activities

July 11, 2016

614

Why FinTech Could Be a Casualty of Brexit

By Aaron Klein for Fortune

But London may remain a finance hub. (more…)

Analytics, Fintech news, Global trends, Government activities, Hotnews

July 11, 2016

666

Uber has found a clever way to bypass a roadblock in Argentina involving bitcoin

By Alison Griswold for Quartz

Uber is facing strong opposition in Buenos Aires, where the company has been operating since mid-April without a permit or tax-identification number. The massively funded startup is being sued by taxi unions. City officials have issued multiple injunctions attempting to bring its service to a halt. And credit card companies have been blocked from processing Uber payments on locally registered cards.

(more…)

Blockchain, Cryptocurrencies, Global trends, Government activities

July 9, 2016

JP Morgan to Launch In-Residence Program for FinTech Startups

By Rebecca Campbell for CCN.LA

Banking giant JP Morgan has recently announced that they will be launching an In-Residence program in a bid to get FinTech startup companies to tackle challenges within the industry. (more…)

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

July 6, 2016

1070

Emerging fintech start-ups from India that are making a mark

By Sadhana Chathurvedula for Live Mint

The transaction value for the Indian fintech sector is estimated to be approximately $33 billion in 2016 and is expected to reach $73 billion in 2020

(more…)

Global trends, Government activities, India, InspirAsia

July 5, 2016

593

Opinion: Brexit is a tragedy, but it could be the making of UK Fintech

By Damian Kimmelman for Techcrunch.com

Let there be no doubt – Brexit is a tragedy. Instead of taking on challenges with its European partners, Britain is taking precisely the wrong course, injecting needless uncertainty and negativity into the economy. (more…)

Global trends, Government activities, InspirAsia

July 5, 2016

684

In race to be Asia’s fintech hub, Singapore leads Hong Kong

By Straits Times

Singapore is rushing to reinvent itself as Asia’s financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. (more…)

Deals, Global trends, Government activities

July 4, 2016

China’s Fintech Party Crasher

By Tim CulpanNisha Gopalan for Bloomberg

It looks like China’s central bank chief just rained on Alibaba’s banking parade. (more…)

Analytics, China, Global trends, Government activities, InspirAsia

June 29, 2016

934

The Reserve Bank of India Announces Blockchain Committee

By News BTC

India is one of the largest cash dependent nations in the world. A majority of people in the world’s largest democracy have the tendency to use cash for most of the transactions. This has created a challenge for the Indian central bank —The Reserve Bank of India to maintain the liquidity in the country’s monetary system. In order to ensure there are enough bank notes to go around, the premier bank is forced to print more currency and constantly destroy the old banknotes that are either soiled or damaged.

(more…)

Banks, Government activities, India, InspirAsia

June 27, 2016

994

The Rise of FinTech in Supply Chains

By Dale Rogers for HBR

A new type of services company could transform global supply chains: Financial technology companies that act as intermediaries in facilitating transactions between a company and its suppliers. They enable both the buyer and supplier to improve their working capital by making it possible for the former to extend its payables and at the same time accelerate payment to the latter. This provides both sides with benefits, including greater liquidity and less variability in the timing of payments. (more…)

Analytics, Fintech news, Global trends, Government activities

June 22, 2016

1178

The Tricky Task of Regulating Fintech

By WSJ

Comptroller of the Currency Thomas Curry talks about balancing safety and innovation

(more…)

Analytics, Government activities, Hotnews

June 21, 2016

697

Australian bitcoin exchanges announce Ethereum support

By Gola Yashu for Bitcoin News

Two of Australia’s leading bitcoin exchanges, CoinTree and CoinLoft, have announced this week new services allowing users to purchase a variety of altcoins including ether.

(more…)

Blockchain, Cryptocurrencies, Deals, Fintech news, Government activities

June 14, 2016

769

Fintech helps to push foreign direct investment in UK financial services sector to highest level since 2006

By Hayley Kirton for City AM

Foreign investors can’t get enough of the UK’s financial services market, with a report out today discovering that fintech has helped push foreign direct investment (FDI) to its highest level since 2006. (more…)

Global trends, Government activities

June 14, 2016

Fintech Startup Craves More Regulation

By RACHEL WITKOWSKI and TELIS DEMOS for WSJ

Some financial-technology upstarts are concluding it is better to be regulated than not. (more…)

Government activities

June 10, 2016

MAS Proposes a “Regulatory Sandbox” for FinTech Experiments

By MAS Singapore

The Monetary Authority of Singapore (MAS) today released a consultation paper on proposed guidelines for a “regulatory sandbox” that will enable financial institutions (FIs) as well as non-financial players to experiment with financial technology (FinTech) solutions.

(more…)

Government activities

June 8, 2016

How big data is helping small businesses get finance

By Emily Reynolds for Wired

Social media data is being used to help approve loans for small businesses. But how prepared are traditional banks to take on nimble fintech startups? (more…)

Fintech news, Global trends, Government activities

June 8, 2016

2340

Tech in Latin America: New WhatsApp suspension, fintech innovation and Rio Olympics

By Anna Heim for The Next Web

May was an eventful month for Latin America’s tech scene as it once again collided with politics on many fronts, and not always for the best. (more…)

Fintech news, Global trends, Government activities

June 8, 2016

741

Can South Korean startups (and the government) save its flailing giant tech conglomerates?

By  for techcrunch

With 17 percent of the GDP, it’s fair to say that Samsung is South Korea, or at least has represented it on the global business stage for the last decade or so. (more…)

Global trends, Government activities, Hotnews, InspirAsia

June 6, 2016

663

Bengaluru pips Tokyo, Tel Aviv in list of innovation hubs

By Shivani Shinde Nadhe & Bibhu Ranjan Mishra  for Business Standard

India has emerged as a new innovation ‘empire’ of choice by global corporates. Bengaluru – the information technology and start-up hub – has surpassed many global cities as a preferred destination for innovation centres, according to Capgemini’s study on ‘Innovation Empire’. (more…)

Fintech news, Global trends, Government activities

June 5, 2016

China online lending crackdown shutters Guangdong P2P site

By Reuters

A large Chinese online lending platform accused of illegal operations has suspended operations, one of hundreds that have been shut this year by the government, as China cleans up a sector ridden with stories of Ponzi schemes. (more…)

China, Deals, Government activities, InspirAsia, p2p-payments, p2p/online lending

May 26, 2016

914

What Banks and Fintech Need to Ponder Before They Partner

By Bryan Yurkan for American Banker

Some banks and fintech companies are in the early stages of collaboration, but for the partnerships to fully take hold, the companies need to fundamentally understand how they each operate and what they are hoping to achieve. (more…)

Banks, Fintech news, Global trends, Government activities

May 25, 2016

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

1038

LendingClub Is Ruining It for the Rest of Fintech

Fintech news, Global trends, Government activities, Hotnews

May 20, 2016

1000

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

1086

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

1287

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

772

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

864

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