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967

UOB taps Personetics to gain deeper customer insights

United Overseas Bank has invested in Israel-based AI firm Personetics and plans to deploy its cognitive analytic tools to help customers make smarter banking decisions. (more…)

Banks, Fintech news, Global trends, Hotnews

July 20, 2018

547

MAS to ramp up measures to fight money laundering, terrorism financing

By Annabeth Leow for Business Times

REGULATORS in Singapore are looking to ramp up targeted measures against financial crime, including tapping data analytics and boosting information sharing with financial institutions, said an official from the Monetary Authority of Singapore (MAS) on Wednesday morning. (more…)

Government activities, Hotnews

July 18, 2018

296

CEO Problems

By Brad Feld

Originally published at Feld Thoughts.

Recently, I was talking to a CEO of a company I’m on the board of. We were discussing a problem in the category of something new Is fucked up in my world every day (more…)

Fintech news, Global trends, Hotnews

July 16, 2018

331

The Industry Analyst Evaluation Game

By Brad Feld – managing director at Foundry Group

Originally published at Feld Thoughts.

Over the past 25 years, I’ve invested in many startups that sell products to large enterprises. Many of these companies end up either creating or helping to create a new category. As the startups (or the category) become visible, they inevitably attract the attention of industry analysts, who write reports on the categories and the startups as part of the industry analysts’ business.

(more…)

Fintech news, Hotnews, Influences FinTech

July 13, 2018

356

Analyzing the Ethereum — Security Decision by the SEC

The purpose of this article will not be to give the news that the SEC revealed that they would not deem Ethereum to be a security. (more…)

Cryptocurrencies, Financial Markets / Trading, Hotnews

July 10, 2018

367

TransferWise opens in Hong Kong

By InvestHK,

Leading London-based fintech company TransferWise announced today (6 July 2018) the official launch of its international money transfer platform in Hong Kong, giving it a major foothold in Asia as part of the company’s ongoing international expansion. (more…)

Global trends, Hotnews, Remittances

July 9, 2018

568

HSBC highlights the six new banking careers of the future

HSBC is preparing for the ongoing revolution in banking, highlighting six new types of jobs that will be necessary to forge a career in a digitally-enabled financial services industry. (more…)

Hotnews

July 6, 2018

544

JPMorgan Chase begins nationwide roll-out of mobile-only bank

JPMorgan Chase is taking its mobile-only banking offshoot Finn nationwide following its debut in St. Louis in October. (more…)

Banks, Fintech news, Global trends, Hotnews

June 29, 2018

540

PayPal Checkout adds smart payment buttons

At PayPal, we’re building solutions for global commerce to help consumers and businesses seamlessly connect across all contexts. (more…)

Global trends, Hotnews

June 29, 2018

SigFig Raises $50 Million in Series E

Automated wealth management advisory specialist SigFig has raised $50 million in new funding in a round led by General Atlantic. The Series E round also featured the participation of existing investors UBS, Eaton Vance Corporation, DCM Ventures, New York Life, Nyca Partners, and Bain Capital Ventures. (more…)

Fintech news, Global trends, Hotnews

June 25, 2018

459

Fintech friends: Monzo partners with TransferWise for international payments

By Steve O’Hear for techCrunch,

“So what’s going on here then?” I ask. “Two good friends just got even better [friends],” replies TransferWise co-founder Kristo Käärmann laughing, while Monzoco-founder Tom Blomfield, who is also on the video call, smiles approvingly. “Sorry for spoiling your news,” I tell the pair, who I’m interviewing ahead of an announcement today that the two companies are working together. (more…)

Fintech news, Global trends, Hotnews

June 25, 2018

Money20/20 Europe: key takeaways

Martin Whybrow sought out the trends and key issues when the Money20/20 Europe circus rolled into Amsterdam this week. (more…)

Government activities, Hotnews

June 9, 2018

398

TransferWise nets first big EU bank customer

France’s second-largest bank, BPCE Groupe, is to become the first in Europe to directly integrate with TransferWise to offer mobile money transfers to its 15 million customers. (more…)

Banks, Global trends, Hotnews, Remittances

June 4, 2018

386

N26 now has 1 million customers

You don’t sign up to a bank account every day. And yet, German startup N26 has managed to attract 1 million clients across Europe. They generate €1 billion in transaction volume every month ($1.17 billion). (more…)

Hotnews

June 4, 2018

407

Goldman Sachs leads $250m Tradeshift funding round

Supply chain finance outfit Tradeshift has joined the unicorn club after closing a $250 million Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board. (more…)

Banks, Fintech news, Global trends, Hotnews

May 30, 2018

373

Ant Financial signs third Chinese bank technology deal

Ant Financial, the financial services spin-off of e-commerce giant Alibaba, has added another string to its bow, signing its third deal this month as a strategic technology supplier to the Chinese banking industry. (more…)

Global trends, Hotnews

May 30, 2018

718

Rakuten invests in UK payments group Azimo

Move reflects fast-growing market for challengers to traditional way of sending money

(more…)

Fintech news, Global trends, Hotnews

May 29, 2018

351

Tandem reaches 100,000 clients, signs for Form3 paytech

UK-based challenger Tandem says “100,000 Brits are now using the bank to spend, save, and manage their money”. (more…)

Banks, Hotnews

May 29, 2018

396

WeInvest Raises $12.3 Million for its WealthTech Platform

By Julie Munh for Finovate

B2B digital wealth management solutions provider WeInvest has taken in an investment of its own today. The Singapore-based company just closed on $12.3 million in Series A funding. (more…)

Fintech news, Global trends, Hotnews

May 28, 2018

499

Adyen confirms plans for IPO

Payments processor Adyen is chasing a $9 billion valuation after confirming its intent to sell 15% of its shares in an IPO on Euronext Amsterdam. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

May 25, 2018

630

Equifax works with HSBC on Open Banking credit applications

By Equifax,

HSBC UK has created the first live use case of open banking for credit applications using the InterConnect platform from Equifax, the consumer and business insights expert. (more…)

Banks, Credit scoring, Hotnews

May 18, 2018

495

Revolut expands payments feature to friends nearby

By Revolut

Sending and requesting money is one of the most popular features among Revolut users, and we’ve just made it even better. (more…)

eWallets, Fintech news, Global trends, Hotnews, Mobile-first banks

May 16, 2018

499

Morgan Stanley to offer market insights on Alexa devices

 

Morgan Stanley is to offer voice-powered market insights and investment ideas available to clients using all Alexa-enabled devices.

Listeners will be able to tune in to timely insights drawn from Morgan Stanley’s Equity and Fixed Income Research as well as podcasts and other original content.  (more…)

Banks, Fintech news, Global trends, Hotnews

May 16, 2018

Prosper Announces First Quarter of 2018 Results: Loan Originations Up 27% Year-over-Year & More Than $2 Billion of Co-Sponsored...

Prosper, a peer-to-peer lending platform connecting borrowers and investors, reported earlier this week its financial results for the first quarter of 2018. The online lender revealed that loan originations increased 27% year-over-year to $744 million, driven by strong demand for the company’s personal loan product and stable funding. (more…)

Fintech news, Global trends, Hotnews

May 16, 2018

331

Circle raises $110 million (or 13,300 BTC)

By Romain Dillet for TechCrunch;

Cryptocurrency startup Circle has raised a $110 million funding round, which values the company near $3 billion. Cryptocurrency mining company Bitmain is leading the round. (more…)

Blockchain, Cryptocurrencies, Hotnews

May 16, 2018

447

Robinhood raises $363m for $5.6bn valuation

Fee-free stock trading app Robinhood has seen its value soar to $5.6 billion after closing a $363 million Series D funding round led by DST Global. (more…)

Global trends, Hotnews

May 11, 2018

394

Visa and PayPal extend collaboration pact to Canada

By Visa

Visa (NYSE: V) and PayPal (Nasdaq: PYPL) today announced an extension of their strategic partnership to Canada that will see them work collaboratively to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in Canada. (more…)

Hotnews

May 11, 2018

Credorax launches innovation lab to take on transaction fraud

By Credorax

Credorax, a leading technology company turned licensed European bank, today unveiled the Credorax Innovation Lab. Designed to solve online payment issues faced by merchants, the Innovation Lab works with partners to develop solutions which utilise the power of AI, data science, payment fraud prevention techniques and technologies. (more…)

Hotnews, Payment processors/providers/gateways

May 10, 2018

547

Open Banking Nigeria partners Open Vecto on API standards

By Open Banking Nigeria

As part of a global alliance, Open Banking Nigeria has entered a strategic partnership with Open Vector to jointly develop the Open Banking Nigeria API standards and for Open Vector to assist in shaping and delivering this initiative. (more…)

Global trends, Hotnews

May 3, 2018

477

Square to buy website builder Weebly

By Square

Square, Inc. (NYSE: SQ) has entered into a definitive agreement to acquire Weebly. Square will pay a mix of cash and stock of approximately $365 million, which includes Square restricted stock units for Weebly’s founders and employees that will vest over four years subsequent to closing. (more…)

Deals, Hotnews

April 29, 2018