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371

ANZ to use voice prints for mobile authentication

ANZ is to pilot the use of voice biometrics on mobile devices to automatically authorise high value payments. (more…)

Banks, Hotnews, Mobile payments/banking

April 4, 2017

320

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…)

Deals, Hotnews, Payment processors/providers/gateways

April 4, 2017

231

Ex-Santander Exec Joins MarketInvoice

Alternative lending firm MarketInvoice has welcomed a new executive from the traditional banking world. (more…)

Global trends, Hotnews, p2p/online lending

April 4, 2017

276

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…)

Cashless, Global trends, Hotnews, Payment processors/providers/gateways, Payment systems

April 4, 2017

482

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…)

AI / Machine Learning / Big Data, Analytics, Fintech news, Hotnews, Payment processors/providers/gateways

April 4, 2017

316

Grab confirms it will acquire Kudo to boost digital payments

By  for TechinAsia

Grab, an Uber-rival in Southeast Asia, and Indonesian startup Kudo are officially joining forces. (more…)

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

April 3, 2017

440

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…)

Banks, Fintech news, Global trends, Hotnews

April 3, 2017

1205

Life.SREDA – Money of the Future 2016 is out!

By Life.SREDA,

You can download it here

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…)

Global trends, Hotnews, Influences FinTech

April 2, 2017

331

301

Wirecard acquires South African payment service provider

Wirecard AG acquired all shares of MyGate Communications (Pty) (more…)

Banks, Deals, Global trends, Hotnews, Payment processors/providers/gateways

April 1, 2017

260

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…)

Banks, Fintech news, Global trends, Hotnews

April 1, 2017

368

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…)

Banks, Deals, Global trends, Hotnews, Influences FinTech

April 1, 2017

360

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…)

Deals, Fintech news, Global trends, Government activities, Hotnews

April 1, 2017

1900

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…)

Banks, Fintech news, Hotnews, Influences FinTech

March 30, 2017

456

Jack Ma’s Ant Financial to build an open marketplace for finance products

By Eva Xiao for TechinAsia.

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…)

Deals, Global trends, Hotnews, Influences FinTech

March 30, 2017

389

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…)

Deals, Hotnews, Influences FinTech, Mobile-first banks, PFM/PFP services

March 30, 2017

LendingTree Launches Student Loan Comparison Tool

By David Penn for Finovate

LendingTree unveiled its Student Loan Refinance Tool this week. (more…)

Fintech news, Hotnews, p2p/online lending

March 30, 2017

303

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…)

Banks, Global trends, Hotnews

March 30, 2017

258

Spanish Banking Giant BBVA Now a Member of Hyperledger Blockchain Project & Linux Foundation

By Samburaj Das for CCN

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…)

Banks, Blockchain, Cryptocurrencies, Global trends, Hotnews

March 30, 2017

340

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…)

Banks, China, Deals, Global trends, Hotnews

March 28, 2017

584

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…)

Deals, Fintech news, Global trends, Hotnews

March 28, 2017

568

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…)

Fintech news, Global trends, Hotnews, p2p-payments

March 28, 2017

390

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…)

Banks, Deals, Government activities, Hotnews

March 28, 2017

566

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…)

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

March 27, 2017

661

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…)

Fintech news, Global trends, Hotnews

March 27, 2017

387

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…)

Fintech news, Global trends, Hotnews, InspirAsia, Insurance

March 27, 2017

415

Alibaba’s finance arm to allow financial institutions to set up shop in investing app

By technode

Ant Financial’s investing app Ant Fortune unveiled Caifu Hao earlier this week (more…)

China, Fintech news, Hotnews

March 27, 2017

450

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…)

Deals, Hotnews, news

March 27, 2017

309

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…)

Deals, Fintech news, Hotnews, InspirAsia

March 27, 2017

804

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…)

Banks, Hotnews, Security

March 24, 2017