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144

Amazon is the biggest threat to bitcoin right now

Over the past year, a growing number of people have leapt to take part in bitcoin’s meteoric rise. Teenagers have invested their college funds. Some families have mortgaged their homes and placed everything on the table. Even billionaires have suggested putting 10% of all assets into the digital currency. (more…)

Blockchain, Hotnews

February 19, 2018

206

BBVA-backed digital banking startup targets gig economy workers

Azlo, a BBVA-backed digital banking platform targeting the fast-growing army of freelancers and self-employed Americans who make up the gig economy, has opened its virtual doors. (more…)

Banks, Hotnews

February 16, 2018

220

Monzo given go-ahead to ‘passport’ banking licence to Republic of Ireland

By Steve O’Hear for TC

Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, has announced the first step in its plans for international expansion with news that is has regulatory approval to operate in the Republic of Ireland. (more…)

Banks, Fintech news, Global trends, Hotnews, Influences FinTech, Mobile-first banks

February 14, 2018

201

Revolut expands into Apac region

By GPS

Global Processing Services (GPS), part of Rt. Hon. Lord Mayor of the City of London’s UK Business delegation which are currently in Australia this week; announces today that it has been selected to be the payment issuer processor for multi-currency FX money app Revolut, for the future launch of their app in the APAC region starting with New Zealand, Singapore and Japan. (more…)

Banks, Fintech news, Global trends, Hotnews, InspirAsia

February 14, 2018

156

DBS, OCBC, UOB all post double-digit growth for Q4 FY17

ALL three of Singapore’s banks posted double-digit profit growth for the fourth quarter, with DBS Bank and OCBC Bank leading the way as their bottom lines rose 31 per cent each. (more…)

Banks, Global trends, Hotnews

February 14, 2018

193

Crypto ‘Unlikely To Disappear’, Says Internal Report Attributed To J.P. Morgan

J.P. Morgan has called cryptocurrencies the “innovative maelstrom” around Blockchain and said they are “unlikely to disappear” in what appears to be an internal report from the company, published Feb. 8, 2018. (more…)

Cryptocurrencies, Global trends, Hotnews

February 11, 2018

260

Goldman Sachs Research Head Sees Crypto Crash With Few Currencies Left

Like companies caught up in the 1990s dot-com bubble, the head of Goldman Sachs’ Global Investment Research unit believes most cryptocurrencies will likely fail and end up having no value. In an note, Steve Strongin said that most of today’s cryptocurrencies are “unlikely” to make it over the long term, CNBC reported. (more…)

Banks, Cryptocurrencies, Hotnews

February 8, 2018

276

Monetary Authority of Singapore introduces new guidance for remote customer onboarding

The Monetary Authority of Singapore (MAS) has issued new guidance to financial institutions (FIs) on the use of innovative technology solutions to facilitate safe, non-face-to-face customer on-boarding. (more…)

Government activities, Hotnews

February 8, 2018

237

Ripple opens gateway to Chinese e-commerce market with LianLian

Chinese payment processor LianLian is to join RippleNet, providing a gateway to the region to other members of Ripple’s far-flung 100-strong instant payments network. (more…)

Blockchain, Cryptocurrencies, Hotnews

February 8, 2018

281

Bitcoin Slides Again As Banks Curb Buying

And the hits keep coming … to bitcoin’s price. (more…)

Cryptocurrencies, Hotnews

February 6, 2018

333

Startup Intrapay promises fresh approach to payments processing

Intrapay today introduced its purpose-built payment platform to the global payments sector, backed by a management team comprising some of the leading figures in the industry. (more…)

Hotnews, Payment processors/providers/gateways

February 5, 2018

368

Tandem partners Personetics for ‘worry free banking’

By Tandem

Tandem, The Good Bank, is partnering with Personetics, the leading provider of Cognitive Banking applications, to harness the power of artificial intelligence for the benefit of their customers. (more…)

Banks, Fintech news, Hotnews, Mobile-first banks

February 5, 2018

309

FinTech Should Face Banking’s Regulations, According To Finance Chiefs

European financial leaders believe technology players like Facebook and Google are moving in on their turf, abetted by the fact that they don’t face the same regulatory limitations their counterparts in traditional banking do. (more…)

Banks, Global trends, Government activities, Hotnews

February 5, 2018

228

Berlin banking startup Penta secures €2.2 million seed round

Berlin based Penta, a challenger bank for startups and small businesses, has raised a €2.2 million seed round one month after launching in Germany. (more…)

Banks, Hotnews

February 5, 2018

473

Santander invests in Autofi

Santander’s fintech venture fund is to make an investment in Autofi, a US financial technology company that helps customers select and finance vehicles through their car dealers’ website and reduce the time it takes to complete the sale. (more…)

Banks, Global trends, Hotnews

February 2, 2018

614

South Korea doesn’t intend to shut down virtual coin trading: finance minister

South Korea’s finance minister said on Thursday the government has no plans to shut down cryptocurrency trading, affirming market speculation that the authorities won’t go as far as China, which has blocked virtual coin platforms. (more…)

Cryptocurrencies, Government activities, Hotnews

January 31, 2018

539

French PFM Innovator Linxo Partners with Raisin

By David Penn for Finovate

A Franco-German alliance has formed with Linxo and Raisin teaming up to target the European savings sector, reports Antony Peyton of Fintech Futures (sister publication of Finovate). (more…)

Deals, Fintech news, Hotnews

January 31, 2018

497

Moven signs MoU with Japan’s SBI Holdings

Japanese financial service giant SBI Holdings is to invest in PFM provider Moven and establish a joint venture to sell the company’s technology in Asia. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

January 31, 2018

511

Santander InnoVentures, appoints Mario Aransay as partner

By Santander,

Santander InnoVentures today announces that Mario Aransay has been made partner of the $200M corporate venture fund of Santander Group, having spent a successful two years as head of Portfolio Partnerships. (more…)

Banks, Deals, Fintech news, Hotnews

January 30, 2018

631

Southeast Asia sees record startup funding in 2017

By Judith Balea for Tech in Asia

Funding for Southeast Asian startups hit yet another record in 2017, as late-stage companies attracted more investor backing. Activity also picked up in the series B or growth stage.

(more…)

Fintech news, Global trends, Hotnews, InspirAsia

January 29, 2018

538

Bank of England resolves tech glitch; Monzo shows JPMorgan how to handle outage news

The Bank of England says it has resolved an IT glitch which hit bank-to-bank transactions in the wholesale markets yesterday. (more…)

Banks, Hotnews

January 29, 2018

647

Bank-based blockchain projects are going to transform the financial services industry

By Hugh Harsono for Techcrunch

Cryptocurrencies are constantly evolving, with popular currencies such as Bitcoin and Ethereum maintaining their popularity despite recent market corrections. (more…)

Banks, Blockchain, Cryptocurrencies, Global trends, Hotnews

January 29, 2018

1863

Traditional banks hate crypto – Part II

By Slava Solodkiy, Managing Partner at Life.SREDA VC

At the end of 2017 and beginning of 2018 Bitcoin investors were claiming Australia’s banks are freezing their accounts and transfers to cryptocurrency exchanges, with a viral tweet slamming the big four and an exchange platform putting a restriction on Australian deposits. (more…)

Columns, Fintech news, Global trends, Hotnews

January 25, 2018

902

Tradeshift Launches Innovation Lab to Bring the Blockchain to Business Commerce

Business commerce platform Tradeshift announced today the launch of Tradeshift Frontiers, an innovation lab and incubator designed to apply emerging technologies like AI, distributed ledgers, and IoT to business networks, supply chains, and global trade. (more…)

Blockchain, Fintech news, Global trends, Hotnews

January 25, 2018

753

Alibaba market value hits the $500 billion valuation mark

Alibaba Group Holding Ltd., just reached the $500 billion valuation milestone according to local media reports. The China-based e-commerce giant closed on Wednesday with 500.8 billion in value at $195.53 and up 1.69% on the New York Stock Exchange according to CNBC data. (more…)

Fintech news, Global trends, Hotnews

January 25, 2018

799

Ripple Sold Nearly $92 Million XRP In Q4 2017

By Ripple

Ripple sold nearly $92 million of its XRP digital currency in the fourth quarter of 2017, according to news from CNBC. (more…)

Blockchain, Cryptocurrencies, Hotnews

January 25, 2018

421

BofA Merrill opens API gateway

By BofA

Bank of America Merrill Lynch (BofA Merrill) today announced the launch of its application program interface (API) gateway. (more…)

Banks, Hotnews

January 25, 2018

606

Personal finance bot Cleo adds charity donation option

AI-based personal finance chatbot Cleo has introduced a one-click charity giving feature designed to appeal to young Brits who make donations on an ad hoc basis. (more…)

Bots, Hotnews, PFM/PFP services

January 25, 2018

Digital wealth manager Moneyfarm acquires tech behind fintech chatbot Ernest

By Steve O’Hear for Techcrunch

Moneyfarm, the U.K.-headquartered “digital wealth manager” has acquired the technology behind personal finance chatbot Ernest. Terms of the deal aren’t being disclosed, though I understand that, along with the tech, this is an acqui-hire of sorts, seeing London-based Ernest’s CTO Lorenzo Sicilia join Moneyfarm to oversee technology integration. (more…)

Global trends, Hotnews, Payment processors/providers/gateways, Wealth management

January 24, 2018

536

India’s Silicon Valley Partners With Local Fund To Build ‘Largest Blockchain Ledger’

India’s eighth-largest state Andhra Pradesh has partnered with local Covalent Fund to build “the largest” Blockchain stack for its government, according to an article published by Inc42 on Friday, Jan. 19. (more…)

Government activities, Hotnews

January 23, 2018