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Naspers leads $5 million round in Coins

By Naspers

Coins, Southeast Asia’s leading blockchain-enabled mobile payments platform, announced today the closing of a $5 million fundraise led by Naspers through its Naspers Ventures division, bringing the total amount raised in its Series A to over US$9.4M. (more…)

Blockchain, Deals, Hotnews, InspirAsia

May 25, 2017

Orchard: Consumer Unsecured Lending Down 44% from 2015 High but Increases from Previous Quarter

By JD Alois for Crowdfund Insider

Orchard is out with their quarterly report and it is pretty interesting. As most people in the online lending industry know, this sector of finance has been going through a bit of a transition in recent months. Orchard has direct access to origination volume to just about everyone so the numbers are pretty definitive. (more…)

Hotnews, p2p/online lending

May 25, 2017

The Bustling IPO Market Of 2017

By Tomasz Tunguz from Redpoint Ventures

Five months into 2017 nine venture-backed technology companies have gone public compared to 14 in 2016. Four consumer companies and five enterprise companies have popped on average 29% since their IPO pricing. Only two, Carvana, an online used car dealer, and Netshoes, a Brazilian ecommerce company have traded down from their IPO pricing. The other seven have demonstrated the broad public investor demand for new offerings. (more…)

Columns, Global trends, Hotnews, Influences FinTech

May 24, 2017

104

How hard is it to build a digital insurer?

By Artjom Kartaschow for his blog

At least 10 teams in Germany are currently trying to build a new fully digital insurer. Among them are for example the startup Ottonova from Munich or the Finleap Venture Element. Other young tech companies secretly work on their ventures. (more…)

Hotnews, Insurance

May 24, 2017

Waves Launches Euro Gateway

Waves Platform, a decentralized platform for launching crowdfunding campaigns and issuing digital assets, says it has launched its flagship Euro gateway. The Waves Platform completed its Initial Coin Offering (ICO) in June 2016, garnering more than $16 million (30,000 BTC) and becoming one of the most successful blockchain projects in terms of crowdfunding investment. Waves is said to be the largest Blockchain project in Russia. (more…)

Blockchain, Hotnews

May 24, 2017

BBVA launches Open API marketplace

BBVA is making eight of its APIs commercially available to companies, startups, and developers worldwide, enabling the integration of customer banking data with third party products and services. (more…)

Banks, Hotnews, Open Source/ API

May 24, 2017

103

Here’s how likely your startup is to get acquired at any stage

By Jason Rowley for Techcrunch.com

Let’s say you randomly selected 1,000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only a few companies remain. (more…)

Global trends, Hotnews, SME

May 24, 2017

111

Banks pour $107M into blockchain consortium R3

By Penny Crosman for American Banker

R3, the bank consortium that’s building a distributed ledger specifically for financial institutions, received its first wave of funding Tuesday morning — a cool $107 million from 40 of its backers. (more…)

Blockchain, Cryptocurrencies, Deals, Hotnews

May 23, 2017

BankThink Open banking is inevitable. Let’s rethink data security, too

By Kevin Paul Murphy for American Banker

The move to the digital marketplace is no longer aspirational but inevitable for the modern financial enterprise. It is now more accurate to describe a bank as a technology company. But the change in identity means banks must adjust the way they ensure the security of their enterprise. (more…)

Banks, Hotnews, InspirAsia, Open Source/ API

May 23, 2017

To Understand the Future of the Financial Services Industry, We Must Look Beyond FinTech

By Elena Mesropyan for LTP

While businesses are catching up with the rise of e-commerce and the mobile-first world, physical interfaces altogether are gradually falling into obsolescence. The year 2017 gives strong reasons to believe that working on the enhancement of the experience with any physical interface could be a wasteful attempt to better feed a horse instead of investing in a car (if we were to use Ford’s terms). (more…)

Global trends, Hotnews

May 23, 2017

SoftBank Vision Fund Now Over $93 Billion

By Crowdfund Insider

The SoftBank Vision Fund announced its first major close yesterday with over U.S. $93 billion of committed capital. (more…)

Deals, Hotnews, Influences FinTech, InspirAsia

May 22, 2017

A new era for startup investing in Latin America

By Nathan Lustig for Techcrunch

Startups in Latin America are using creative solutions to address not just local but also global problems. (more…)

Global trends, Hotnews

May 22, 2017

Google CEO just announced that Android has 2 billion users

BY NICOLE GALLUCCI for Mashable

Google’s CEO, Sundar Pichai, kicked off the company’s big event by making a huge (and somewhat surprising) announcement about Android usage — according to Pichai, there are now 2 billion active Android users worldwide.  (more…)

Global trends, Hotnews, Influences FinTech

May 22, 2017

148

SoftBank Backs Paytm with $1.6 Billion

By

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. (more…)

eWallets, Global trends, Hotnews

May 19, 2017

139

LendingClub Increases Retail Investor Minimums

LendingClub (NYSE:LC) has upped its minimum deposit to a minimum initial amount of $1,000 for all new retail investors making their first investment through Lending Club. (more…)

Fintech news, Global trends, Hotnews, p2p/online lending

May 19, 2017

121

Chinese P2P Lender Dianrong Links with Maggie Ng to Launch Global Fintech Marketplace

By

Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

May 19, 2017

150

Sumitomo Mitsui rolls out messaging app bot

The Sumitomo Mitsui Financial Group has developed an AI chatbot that will answer customer questions over Line, the popular Japanese messaging app. (more…)

Banks, Bots, Hotnews, InspirAsia

May 19, 2017

155

Paytm to open new Payments Bank next week

Indian mobile wallet giant Paytm is to open its new Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of the Government’s relaxing of restrictions on bank licensing in an effort to boost financial exlusion. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 19, 2017

281

Asian fintech: Expansion, expansion and yet more expansion

By the Fintech Times

Fintech is strong in Asia.

  • The region retains 40% of all global capital invested in the sector.
  • Six out of seven of the largest fintech companies worldwide come from Asia.
  • The biggest Asian hubs (Singapore, India and China) are becoming the centres of global fintech innovation and adoption.

(more…)

Hotnews, InspirAsia

May 18, 2017

122

Facebook just got hit with a $122 million fine over WhatsApp

By MD for Fast Company

The €110 million fine was levied by the European Commission over Facebook’s acquisition of WhatsApp in 2014. The EC said Facebook had provided “incorrect or misleading information” when it said it wouldn’t be able to link the profiles of users on WhatsApp and Facebook. (more…)

Deals, Global trends, Hotnews, Influences FinTech

May 18, 2017

102

Indian Bank Kotak Mahindra Implements Blockchain in Trade Finance

By CCN,

Kotak Mahindra Bank, one of India’s largest private banks, has successfully completed an end-to-end trade finance transaction with a client over a blockchain. (more…)

Banks, Blockchain, Government activities, Hotnews

May 18, 2017

473

PayPal partners with Android Pay for mobile payments

In news from the Google I/O the tech giant announced that they will partner Android Pay and PayPal for a mobile payments platform, the companies announced this morning. (more…)

Global trends, Hotnews, Mobile payments/banking

May 18, 2017

US merchants paid $88.39 billion in card fees in 2016

Credit, debit, and prepaid general purpose and private label cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. (more…)

Credit/Debit/Prepaid cards, Fintech news, Global trends, Hotnews

May 18, 2017

160

Insurtech Report: Hype or the Next Fintech Frontier?

Oliver Wyman is out with a report on the emerging Insurtech sector. Oliver Wyman is a global management consultancy operating in 30 different countries. For this specific report, they partnered with Policen Direkt Group in Germany, an insurance technology firm. (more…)

Hotnews, Insurance

May 18, 2017

109

LendUp launches a better credit card for people looking to improve their credit

By Ryan Lawler for Techcrunch

LendUp has spent the last several years helping people who couldn’t get a loan build their credit and improve their financial well-being. Now the company is looking to empower those with little or no credit by giving them access to a credit card with low fees, financial education built in and incentives to spend less and pay off their balance. (more…)

Credit scoring, Credit/Debit/Prepaid cards, Fintech news, Global trends, Hotnews

May 18, 2017

SoFi moves into wealth management

By SoFi

Today, SoFi announced the general availability of SoFi Wealth, the first low-cost online wealth management platform to combine an easy-to-use online and mobile interface with unlimited access to live, licensed financial advisors, giving people the guidance they need to understand, define, and then work toward achieving their investing goals. (more…)

Deals, Global trends, Hotnews

May 17, 2017

149

Fintech unicorn Transferwise moves into the black

Fintech unicorn Transferwise says the company has reached operational profitability six years after launch. (more…)

eWallets, Fintech news, Global trends, Hotnews, news, p2p-payments, Remittances

May 17, 2017

127

Open APIs – Leveraging Banking As a Service to Compete and Collaborate

By David Donovan for Finextra

“Rolling in my Uber, that’s just how I use my time” – Travis Scott, Uber Everywhere Remix.  (more…)

Hotnews, Open Source/ API

May 17, 2017

Online Lender Earnest Said to Be For Sale

According to a report by Bloomberg,Earnest is up for sale. The San Francisco based online lender is said to have an asking price of $100 million. Founded in 2013, Crunchbase reports Earnest has raised over $99 million not including an undisclosed sum in a VC round in January 2016 and $200 million of debt financing.

(more…)

Deals, Fintech news, Global trends, Hotnews, p2p/online lending

May 17, 2017