ANZ is to pilot the use of voice biometrics on mobile devices to automatically authorise high value payments. (more…)
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Avangate buys 2Checkout
Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announces its acquisition of 2Checkout, a global payment processor. (more…)
Ex-Santander Exec Joins MarketInvoice
Alternative lending firm MarketInvoice has welcomed a new executive from the traditional banking world. (more…)
Amazon now lets you pay with cash
By Don Reisinger for Venture Beat
Amazon is now making it easier for consumers to buy products through its online store with cash. (more…)
This fintech startup uses machine learning to give international students credit cards
By Matthew Hughes for The Next Web
America has some of the best universities in the world. Internationally respected institutions like MIT, Harvard and Stanford attract countless young people from every corner of the globe. (more…)
Grab confirms it will acquire Kudo to boost digital payments
By Nadine Freischlad for TechinAsia
Grab, an Uber-rival in Southeast Asia, and Indonesian startup Kudo are officially joining forces. (more…)
Jack Ma talks about why Alibaba will last for 102 years
A recent speech of Jack Ma has everyone talking in China. The last time Ma spoke in public, he pledged to create 1 million jobs in US when he met the US President at Trump Tower in New York in January. (more…)
Life.SREDA – Money of the Future 2016 is out!
By Life.SREDA,
This time has come: VC investments into FinTech industry have not grown globally and the market has almost reached its saturation point in 2016. (more…)
Wirecard acquires South African payment service provider
Wirecard AG acquired all shares of MyGate Communications (Pty) (more…)
With core conversions, the question isn’t if, but when
By Bryan Yurkan for American Banker,
Expense and risk has kept many U.S. banks from modernizing their core systems, but executives at one community bank that completed the project this past summer say they are happier for having done it. (more…)
MUFG joins Ripple’s Global Payments Steering Group
MUFG’s banking arm The Bank of Tokyo-Mitsubishi UFJ (BTMU), the third largest bank in the world and largest bank in Japan, publicly announced today that it is joining Ripple’s Global Payments Steering Group (GPSG). (more…)
Ma’s MoneyGram deal threatened as lawmakers cite China risks
Chinese billionaire Jack Ma’s latest U.S. expansion plan is facing rising political obstacles. (more…)
60% more fintechs were funded by banks
Vladislav Solodkiy, Managing partner, Life.SREDA
Last year was marked by an active “flirting” of traditional banks with fintech. American banks are past “abruption” and “ignoring” phase – more and more they invest in startups, open APIs and their platforms for third-party developers. (more…)
Jack Ma’s Ant Financial to build an open marketplace for finance products
Jack Ma’s multi-billion-dollar empire is built on open marketplaces. First, there was Taobao, ecommerce giant Alibaba’s first success – a bazaar-like platform that let individuals and small shopkeepers sell to one another. Then came Tmall, the B2C version of its predecessor. (more…)
Monzo attracts largest-ever crowd for £2.5 million round
Digital challenger bank Monzo has completed its £2.5 million crowdfund raise, attracting a record-breaking 6500 investors to the funding round on Crowdcube. (more…)
Century-Old Bank Plans Digital Revamp to Fight Fintech Risk
By Anuchit Nguyen for Bloomberg
Siam Commercial Bank Pcl, Thailand’s oldest homegrown lender, plans to reinvent its mobile digital payment platform as a lifestyle app to help fend off competition from upstart financial technology providers. (more…)
Spanish Banking Giant BBVA Now a Member of Hyperledger Blockchain Project & Linux Foundation
Spanish multinational banking group BBVA becomes the latest financial institution to join the Hyperledger Project, a cross-industry blockchain collaborative with open-source principles led by the Linux Foundation. (more…)
Didi considering US$6B investment from SoftBank, the biggest tech funding in China
By Yon Heong Tung for e27.com
Existing investors Tencent and Apple are said to be mulling whether to participate on a pro-rata basis to avoid dilution of shares (more…)
Preventing Due Diligence Issues with FinTech and RegTech
By Thomas Hook – Pegasystems Inc. for Finextra
Being the subject of an audit or regulatory exam can be a nerve-wracking ordeal. Given most banks disparate systems, inconsistent manual processes, and ever existing human error – there is generally real fear that an issue will be found, despite the best efforts of competent people. Enter FinTech and RegTech. By utilizing these solutions to unify processes and systems, enforce requirements, centralize data, and perform repetitive, manual tasks – auditees can feel more confident as they approach an audit or regulatory exam. (more…)
Lending platform Bitbond and payments outfit BitPesa partner to boost financing for African SMEs
By Bitbond
Global SME lending platform Bitbond and African payment services provider BitPesa announced today that they are joining forces to improve access to financing for SMEs in Africa. (more…)
How banks use investment funds to spread CRA risk
By Allison Prang for American Banker,
Banks of all sizes — from Bank of America to the $1 billion-asset Howard Bank near Baltimore — are investing in small-business loan funds to promote economic development while sharing risk. (more…)
The seven Indian startups that made it to Y Combinator’s demo-day event this March
To get noticed by Silicon Valley’s startup machine Y Combinator is every budding entrepreneur’s dream. One of the world’s most influential and renowned accelerators, which now also engages in seed funding, it has backed successful startups such as AirBnB, Dropbox, and Reddit. Its screening of startups is said to be “nerve-wracking.” (more…)
Fintech And The UK’s Post-Brexit Allure
by Madhvi Mavadiya for Forbes,
After I discussed Germany’s post-Brexit allure in a previous article, Deutsche Bank announced that it would be committing to a new office in London. This is particularly poignant in the current climate, where financial institutions are contemplating moving from the UK capital to other European technology or finance centers. With the Article 50 trigger date fast approaching, it questions whether banks will weather a potential storm or make a quick exit to other UK countries like Scotland or Ireland. (more…)
Ping An targets Japan in bid to diversify outside of China
[TOKYO] Ping An Insurance (Group) Co plans to invest US$100 million a year in Japanese companies as it seeks to diversify its investments outside of China. (more…)
500 Startups invests US$200K in Khmerload, the Buzzfeed of Cambodia
by Yon Heong Tung for e27.com
Khmerload has also set up a sister site in Myanmar called Myanmarload, which has over three million Facebook followers (more…)
Cashback app Snapcart closes US$3M Pre-Series A to boost analytics tech
By Yon Heong Tung for e27.com
The new funding round was led by Vickers Venture Partners, Wavemaker Partners, SPH Media Fund and angel investors (more…)
Banks and Tech Firms Battle Over Something Akin to Gold: Your Data
By Nathaniel Popper for CNBC,
The big banks and Silicon Valley are waging an escalating battle over your personal financial data, including the amount you spent on dinner last week and how much you are paying for your mortgage. (more…)
