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448

Indonesian P2P lending platform Taralite raises US$6.3M, aims to build “world class” R&D team

Starting out as loan platform for personal life events such as weddings and Hajj pilgrimage, Taralite now focusses on providing working capital for small online businesses.

Jakarta-based P2P lending platform Taralite today announced that it has a raised a funding round from Japanese fintech conglomerate SBI Group. (more…)

Global trends, Hotnews, InspirAsia

May 15, 2017

1294

What China Reveals About the Future of Shopping

By Boston Consulting Group (Chris Biggs, Amee Chande, Erica Matthews, Pierre Mercier, Angela Wang, Linda Zou)

Imagine being in the middle of Times Square, surrounded by flashing lights, fast-talking vendors, street performers, live music, noisy traffic jams, and endless other distractions. Now imagine you’re online and surrounded by the same energetic chaos. Welcome to China’s digital marketplace, where shopping is an adventure—a fire hose of rapidly changing content, offers, products, colors, and choices. For Western shoppers accustomed to simple, transactional online buying, it’s a culture shock. (more…)

Analytics, Cashless, Fintech news, Global trends, Hotnews, InspirAsia

May 11, 2017

959

Mastercard, UnionPay, Visa Launch Standardized QR Code For E-Payments In Thailand

Mastercard, UnionPay International and Visa have introduced a Standardized Quick Response (QR) Code for payments, accelerating Thailand’s transition to a cashless society. (more…)

Fintech news, Hotnews, InspirAsia

May 11, 2017

720

India’s Alipay or WeChat Pay Could Be a Young Private Bank or Progressive NBFC

By Amit, CEO of LTP

In many parts of the world, tech companies (TechFins and FinTechs) are beginning to dominate the FinTech scene except India. BATs (Baidu, Alibaba and Tencent) and Internet finance in China dominate the market now. PayPal (Braintree and Venmo), Stripe and the likes of Prosper/Lending Club/Sofi have made serious inroads in the US although not to the same extent as China where internet finance cos have more customers than traditional banks in some segments. (more…)

Banks, Cashless, Fintech news, Hotnews, InspirAsia

May 11, 2017

598

Playing With The Band — mPOS And Cashless Concerts

By PYMNTS

It seems that mobile payments are finding perfect harmony with concertgoers. The latest mPOS Tracker™ catches up with Ben Taylor, COO of Front Gate Tickets, on how the company is using RFID technology to take concerts cashless. This issue digs into the many moves by mobile payment technology providers like Square, as they set their sights on new markets and new payment experiences. Find all that, plus rankings of 271 top players in the space, inside this month’s issue.

(more…)

Cashless, Hotnews, Mobile payments/banking

May 11, 2017

605

Bitbond Gains $5.4 Million Debt Commitment and Undisclosed Equity Investment

By Julie Munh for Finovate

Peer-to-peer small business financing platform Bitbond announced today it has received a debt commitment from Obotritia Capital, which has agreed to fund $5.4 million worth of loans on its platform. Obotritia has also invested an undisclosed amount of equity in Bitbond, whose current funding now totals more than $2.14 million. (more…)

Blockchain, Fintech news, Global trends, Hotnews

May 11, 2017

542

Snapchat hits a disappointing 166M daily users, growing only slightly faster

By Josh Constine for TechCrunch

Snap’s growth rate increased only slightly in Q1 2017 — a bad start to its first quarterly earnings report since going public. Snap hit 166 million daily active users at a growth rate of 5%, compared to the 158 million DAUs it had in Q4 when it hit a 3.2% growth rate. Snap’s year-over-year growth rate continued to slip, falling to 36% year-over-year from 48% in Q4. (more…)

Analytics, Cashless, Deals, Global trends, Hotnews

May 11, 2017

604

Westpac Banking Corporation Case Study

Westpac Banking Corporation, one of the world’s leading commercial banks, was looking to differentiate itself in a prosperous and already digital-heavy economy.

The bank deployed a digital banking solution from Fiserv initially in Australia – its home market-where 10 million consumers and nearly 1 million businesses manage their money through the bank. (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews

May 11, 2017

526

BNP Paribas to become startup bank for Parisian version of Silicon Valley

BNP Paribas is to locate its Plug and Play accelerator at Parisian startup campus Station F as part of a partnership programme that will see the bank become a first port of call to meet the financing needs of emerging technology firms at the site. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

May 11, 2017

572

N26 moves into savings market with Raisin API

Mobile-only banking platform N26 has partnered with Raisin to open access to savings accounts from banks across Europe. (more…)

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

May 11, 2017

521

Blockchain-based crowdfunder Waves joins Microsoft Azure

Waves, a Russian-made crowdfunding platform, is now available in the Microsoft cloud.

By expanding the capabilities of its Blockchain as a Service, Microsoft will enable millions of developers of blockchain solutions to quickly launch crowdfunding projects. (more…)

Crowdfunding/investing, Fintech news, Global trends, Hotnews

May 11, 2017

412

KPMG acquires fintech matchmaking firm Matchi

KPMG is looking to cash in on the growing trend for bank/startup collaboration with the acquisition of fintech matchmaking platform Matchi. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 11, 2017

342

Kreditech raises €110M from Naspers’ PayU in strategic financing partnership

By Ingrid Lunden for Techcrunch

Kreditech, the German startup backed by Peter Thiel, Rakuten and the IFC that creates credit ratings and provides finance to people who may not otherwise have credit histories, has raised another round of funding from one of its strategic partners. PayU, the payments company owned by Naspers that is known by some as the “PayPal of emerging markets” — its business is mainly in providing payment services to online merchants — is investing €110 million ($120 million) in Kreditech. (more…)

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

May 11, 2017

884

How Lending Club Is Differentiating Itself From Other Online Lenders

By Omri Barzilay for Forbes

2016 has been a tough year for San Francisco-based Lending Club. Scott Sanborn, who took over as CEO and who’d served as the company’s COO prior, has taken drastic steps to get the company back on course. In less than a year, Sanborn cut and rehired 179 jobs and hired a new CFO, COO, general counsel and chief capital officer. In addition, the company launched a new auto refinance product and an investor mobile application, Lending Club Invest. (more…)

Global trends, Hotnews, p2p/online lending

May 11, 2017

1744

Former Citi Chairman and Asia Pacific CEO Shirish Apte invests in fintech startup Invoice Bazaar

by e27.com

Invoice Bazaar Supply Chain Finance platform connects large buyers with SME suppliers which enables them to avail early payment on their receivables (more…)

Global trends, Hotnews, Influences FinTech, InspirAsia, People of fintech

May 9, 2017

384

Garena rebrands to Sea and raises $550 million more to focus on Indonesian e-commerce

By TechCrunch

Garena, one of Southeast Asia’s biggest tech startups, has picked up $550 million in new funding and changed its name. The Singapore-headquartered consumer Internet company told Bloomberg that it is now called Sea Ltd. to reflect is global expansion plans (and also because SEA is an acronym for Southeast Asia). Its new valuation was undisclosed. (more…)

Global trends, Hotnews, InspirAsia

May 9, 2017

486

Seedrs to launch secondary market

Today, leading equity crowdfunding platform Seedrs announced a pioneering move for the sector with the launch of a secondary market this summer. (more…)

Crowdfunding/investing, Hotnews, InspirAsia

May 9, 2017

463

Deutsche Bank backs pan-industry online identity platform

Deutsche Bank is teaming up with a host of major firms to set up a platform for online registration, e-identity and data services. (more…)

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

May 9, 2017

580

ING joins Digicash family

By ING

ING is joining the DIGICASH family with the launch of its ING DIGICASH app in Luxembourg. (more…)

Banks, Bots, Global trends, Hotnews, Mobile payments/banking

May 9, 2017

430

Singapore Uni to offer digital transformation module in partnership with Standard Chartered

By Standard Chardtered

National University of Singapore (NUS) School of Computing and Standard Chartered Bank have signed a Memorandum of Understanding (MoU) for the co-development and co-delivery of a module on digital transformation. (more…)

Banks, Global trends, Hotnews, InspirAsia

May 9, 2017

365

Alipay teams up with First Data to increase US presence

By Sheila Yu for TechNode

Alipay recently announced a partnership with America’s First Data Corp, in its latest efforts to expand its presence in overseas mobile payment market. (more…)

Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways

May 9, 2017

371

Lending Club Keeps Pushing Its Comeback

(more…)

Hotnews, p2p-payments, p2p/online lending

May 9, 2017

506

Biometric Mobile Payments Set To Explode In 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. (more…)

Bots, Global trends, Hotnews, Mobile payments/banking, Security

May 9, 2017

390

Omise joins hands with Alipay: E-commerce firms can now accept payments from Chinese buyers in Thailand

By e27

As per Tourism Authority Thailand, 9.8 million Chinese citizens are expected to visit Thailand in 2017, which accounts for up to 30 per cent of the US$75 billion spent by foreign tourists (more…)

Global trends, Hotnews, Payment processors/providers/gateways

May 9, 2017

350

China’s Ping An preps $1bn overseas fintech and healthcare fund

China’s Ping An Insurance Group has hired Citi veteran Jonathan Larsen to lead a new $1 billion overseas fund than will focus on investing in financial and healthcare technology. (more…)

Hotnews

May 5, 2017

395

Ping An Launches $1 Billion Fund to Invest in Financial, Health-Care Technology

Ping An Insurance (Group) Co. of China Ltd. said Thursday it is launching a $1 billion fund to invest in financial and health-care technology globally, in a bid to further expand its business outside the domestic market. (more…)

Global trends, Hotnews

May 4, 2017

456

Next Insurance raises $29 million for online platform that targets small businesses with tailored plans

By Paul Sawers for Venture Beat

Next Insurance, an online insurance platform that targets small to medium-sized businesses, has raised $29 million in a Series A round of funding led by Munich Re/HSB Ventures, Markel, and Nationwide, with participation from other existing investors. (more…)

Deals, Global trends, Hotnews, Insurance

May 4, 2017

543

Square reports $462 million in Q1 2017 revenue, gross payment volume of $13.6 billion

By Ken Yeung for Venture Beat

Square’s ($SQ) first quarter 2017 earnings are out, revealing that it generated total net revenue of $462 million, a 22 percent annual increase and an earnings per share loss of $0.04. It continues to see its gross payment volume increase, coming in at $13.6 billion — a 33 percent year-over-year increase, but a drop from last quarter’s $13.7 billion. (more…)

Fintech news, Hotnews, Influences FinTech, POS/mPOS and online acquiring

May 4, 2017

473

Facebook passes 1.94 billion monthly users, 1.28 billion that use it daily

By Ken Yeung for Venture Beat

Facebook ($FB) has released its first-quarter 2017 earnings and revealed that it’s inching ever so close to having 2 billion people worldwide use the social network. It now counts 1.94 billion monthly active users, an 18 percent increase from a year ago. And 1.28 billion people use the service daily, making up 66 percent of the monthly count. (more…)

Global trends, Hotnews, Influences FinTech

May 4, 2017

388

Bank of America teams with Bypass for digitial commerce at stadium concessions

By Bank of America

Bank of America Merchant Services and Bypass are teaming up to help arenas, sporting venues, corporate and college campuses, hospital cafeterias and other contract food and beverage operators run their concessions more efficiently through a new unified, digital commerce solution. (more…)

Banks, Deals, Hotnews

May 4, 2017