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To change how you use money, Open Banking must break banks

By Roland Manthorp for Wired

On January 13, 2018, the UK’s big banks will be forced to show startups their most precious data. But is Open Banking too revolutionary for its own good?

(more…)

Global trends, Hotnews, Open Source/ API

October 18, 2017

PayPal Partners with Kiva on Loans for Entrepreneurs

PayPal has partnered with Kiva to help provide loans to entrepreneurs. This is the second time PayPal and Kiva have empowered PayPal users to provide loans while receiving a Kiva credit. Last year the campaign say more than 10,000 PayPal customers and employees make loans to entrepreneurs around the world. This year, PayPal would like to see that number climb higher. (more…)

Hotnews, p2p/online lending, Payment processors/providers/gateways

October 18, 2017

Monzo Announces New Abroad ATM Fee Amounts

By Samantha Hurst for Crowdfunding Insider

Just one month after asking its Community to decide on ATM fee pricing, challenger bank Monzo announced the new prices for abroad ATM fees. The company shared in a post on Tuesday: (more…)

Banks, Global trends, Hotnews

October 18, 2017

Allset raises $5M to help restaurants deliver a more efficient dining experience

By Anthony Ha for TechCrunch

Allset has raised $5 million in Series A funding led by Greycroft. (more…)

Deals, Global trends, Hotnews, SME

October 18, 2017

Gibraltar: Does Statement on Initial Coin Offerings Include New Regulatory Framework?

On September 22, 2017, the Gibraltar Financial Services Commission (GFSC) issued a Statement on Initial Coin Offerings (ICO).   With the GFSC Statement, Gibraltar joined a growing number of jurisdictions that have provided token sale guidance, including, among others, the United States, Canada,  Singapore,  Hong Kong and China. (more…)

Government activities, Hotnews

October 16, 2017

128

10 Fast Growing FinTechs in Singapore

By FintechNews Singapore

IDC Financial Insights unveiled a list of 101 fast growing fintechs in Asia/Pacific (excluding Japan) from 10 major markets – ChinaAustralia and New ZealandSouth KoreaIndiaHong Kong, Singapore, IndonesiaMalaysiaPhilippines, and Thailand. (more…)

Fintech news, Global trends, Hotnews

October 16, 2017

IBM uses blockchain to improve cross-border payments processing

IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive. (more…)

Banks, Deals, Fintech news, Hotnews

October 16, 2017

179

JPMorgan and Temasek leed $100 million funding round for Bill.com

By Bill.com

Today Bill.com, the largest U.S. business payments network, announced it has secured $100 million in financing with the goal of finally eliminating all paper from business payments. (more…)

Deals, Fintech news, Global trends, Hotnews, Payment processors/providers/gateways

October 11, 2017

MarketInvoice Reports Record Invoice Demand During Q3: Proud to Support UK Businesses

By MarketInvoice

Business finance company MarketInvoice observed record quarterly demand for invoice finance from UK businesses in Q3 2017. £196.2m worth of invoices were funded in the quarter, of which £74.1m was funded in August alone – a record month for MarketInvoice, providing UK businesses with critical working capital. (more…)

Fintech news, Global trends, Hotnews, Security

October 11, 2017

136

Temenos wins “material deal” with Santander’s Openbank

By Temenos

Further to the press release issued on 9th October 2017 announcing a global tier 1 bank had selected Temenos Core Banking, Temenos (SIX: TEMN), the software specialist for banking and finance, can today confirm that Openbank, the digital bank of Santander Group, has selected Temenos Core Banking to be implemented as Openbank’s new core banking solution for retail and SME banking across its global operations. (more…)

Banks, Hotnews

October 11, 2017

Marketplace Lender LoanBook Partners with Sage in Spain

LoanBook, a large SME marketplace lender based in Spain, has formed a new partnership with Sage, a market-leader in cloud accounting, payroll and payments software, to offer Sage’s Spanish customers a direct, in-product channel to alternative finance options. (more…)

Hotnews, p2p/online lending

October 11, 2017

188

ING invites aspiring entrepreneurs to ‘Test Your Idea’

ING in Poland has launched a new online tool which enables entrepreneurs to test out their business ideas with a target group of prospective users. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, Global trends, Hotnews

October 9, 2017

118

DBS launches treasury management simulation tool

By DBS

DBS Bank, Asia’s leading digital bank, today announced the launch of the world’s first online treasury and cash management simulation tool for CFOs and corporate treasurers. (more…)

Banks, Hotnews

October 9, 2017

1999

Singapore is on the way to blockchain-based digital KYC

Igor Pesin, Life.SREDA VC

In “Identity is the New Money”, Dave Birch, a founding director of the specialist consultancy Consult Hyperion, lays out the extraordinary change in how we think about both identity and money that new technologies — especially mobile phones — are making possible. “We need intermediaries to manage, and money is one of them. If, however, technology gives us back that shared memory, then we don’t need intermediaries to enable transactions. It becomes what some people call a “reputation economy”.” And this reputation can be broken if we can’t create new tech advanced solutions to keep our personal data really safe. (more…)

Hotnews, Influences FinTech, Security

October 5, 2017

193

Blockchain Startups VCs Should Invest In

By Ali Tahmaseb for his blog. Entrepreneur in silicon valley — founder @ blocks. TEDx Speaker. Featured in BBC, Forbes, Guardian. Algorithmic trader of stocks as hobby. 

Recently I did some research on blockchain, the science behind it, the applications of blockchain in the financial sector as well as other sectors. I then identified the different types of startups that can be formed (or are formed) based on blockchain in the infrastructure level, application level and ecosystem level. I published my findings here. (more…)

Blockchain, Columns, Global trends, Hotnews

October 5, 2017

160

Adyen rolls out Alipay in stores worldwide

By Adyen

Adyen, the payments platform of choice for the world’s leading companies, today expanded its partnership with the world’s largest third-party mobile and online payment platform, Alipay, to enable retailers worldwide to easily accept non-cash payments from Chinese customers in store. (more…)

Hotnews, Payment processors/providers/gateways

October 5, 2017

230

Open banking; who to choose

The question is… who will the customer choose to be their banking confidant in this new, open connected banking marketplace starting from January? The answer is the one you trust the most with your money and data. (more…)

Banks, Fintech news, Global trends, Hotnews, Open Source/ API

October 5, 2017

153

Japan and blockchain tech are a match made in heaven

By Jack Ellis for Tech in Asia

Blockchain is about a whole lot more than cryptocurrencies. But it was inevitable that digital tokens would dominate a discussion at Tech in Asia Tokyo 2017 on the impact that blockchain tech is having on Japan’s financial services industry. (more…)

Cryptocurrencies, Fintech news, Hotnews, InspirAsia

October 5, 2017

Starling to move into business banking

Digital challenger bank Starling is to open a mobile-only business account for small traders and SMEs. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

October 5, 2017

117

OurCrowd Expands with Office in Spain, Partners with Spanish-Israeli VC Cardumen Capital

Global crowdfunding platform OurCrowd has established a new office in Spain thus expanding its operational footprint in Europe. The additional office, located  in Madrid’s financial district of the Paseo de la Castellana, brings OurCrowd’s global locations to multiple countries with the US, Canada, Australia, Singapore and a planned expansion in the UK. OurCrowd headquarters are located in Jerusalem. (more…)

Crowdfunding/investing, Global trends, Hotnews

October 3, 2017

ANZ acquires proptech startup REALas

ANZ

ANZ has acquired a startup that uses data analytics and crowdsourced market chatter to provide prospective home buyers with accurate predictions of property price momentum in Australia’s fervent real estate market.

Launched in 2011, the REALas price prediction is calculated using a proprietary algorithm developed with RMIT University, property buyers and real estate experts. (more…)

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

October 3, 2017

105

Fintech startup Curve partners with accounting software Xero to make filing expenses ‘frictionless’

By Steve O’Hear for TechCrunch

Curve, the London fintech startup that lets you consolidate all your bank cards into a single card and track your spending, has partnered with accounting software Xero to remove much of the friction involved in filing expenses. The move is part of the newly-launched ‘Curve Connect’ feature that will see Curve connect to a growing list of third-party apps and services to make managing your money easier. (more…)

Fintech news, Hotnews, Mobile payments/banking

October 3, 2017

113

N26, Revolut and Monzo founders to talk about starting a bank from scratch at Disrupt Berlin

By Romain DIllet for Techcrunch

What do N26, Revolut and Monzo have in common? The three founders of those three startups are all coming to TechCrunch Disrupt Berlin to discuss all things fintech. If you want to see Valentin StalfNikolay Storonsky and Tom Blomfield share the same stage, come to Disrupt in December. (more…)

Global trends, Hotnews, Mobile-first banks

October 3, 2017

204

Ayondo Remains a Private Company after Reverse Takeover Bid Lapses

By Julie Muhn for Finovate

Social trading company ayondo may no longer be the first fintech company to go public on the Singapore stock exchange (SGX). (more…)

Deals, Global trends, Hotnews

September 28, 2017

168

ABN Amro launches Sustainable Investment Tool

By ABM Amro

From the local florist stall to the large metalworking factory in an industrial park – starting today, all of ABN AMRO’s business clients can go online to see what they can do to make their commercial premises more sustainable. (more…)

AI / Machine Learning / Big Data, Banks, Global trends, Hotnews, Wealth management

September 28, 2017

146

Mobile banking outfit Chime raises $18m

Chime, the leader in mobile banking that helps members avoid fees and automate their finances, today announces $18 million in Series B financing, led by global venture fund Cathay Innovation. (more…)

Hotnews, Mobile-first banks

September 28, 2017

311

Revolut moves into insurance

Revolut users will now be able to insure their mobile phone for as little as £1.00 per week as the innovative fintech launches the first phase of its insurance offering. (more…)

Global trends, Hotnews, Insurance, Remittances

September 28, 2017

192

HSBC moves into open banking

HSBC is testing a platform that lets customers see all of their accounts, no matter who the provider, on one screen. (more…)

Banks, Global trends, Hotnews, Open Source/ API

September 28, 2017

170

Confirmed: Korean crypto exchange Korbit sold to Nexon parent for $80M

By Jon Russel for Techcrunch

The parent company of games giant Nexon has confirmed that it acquired Korea’s second largest cryptocurrency exchange, Korbit, in a deal that values it at just over $120 million. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

September 28, 2017

594

The brand new fancy book about fintech

By Vladislav Solodkiy, Managing Partner at Life.SREDA

Why you should hire an artist to build fintech bank?

The First Fintech Bank’s Arrival

You can buy for 9,99$ on Amazon or download for free on www.ariv.al. (more…)

Global trends, Hotnews, Influences FinTech

September 26, 2017