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478

UK Finance opens for business

UK Finance, a new mega-trade body representing over 300 firms in the UK, opens for business today, taking on the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and The UK Cards Association. (more…)

Government activities, Hotnews

July 3, 2017

Credit Karma touts $500 million in revenues

by  for Techcrunch

It turns out that you can make a lot of money by giving stuff away for free. That’s the lesson from Credit Karma, which today is announcing that it’s running its business profitably after earning $500 million in revenues last year. (more…)

AI / Machine Learning / Big Data, Analytics, Hotnews

June 29, 2017

501

While investment firms ponder ICOs, this team is barreling ahead with a $100 million ICO fund

By Connie Loizos for Techcrunch

Most investors are trying to get a handle on initial coin offerings, which have begun racing through the tech ecosystem like a fire, veering off in multiple directions and causing excitement and confusion and some degree of terror as they grow in number. (more…)

Blockchain, Cryptocurrencies, Deals, Hotnews

June 29, 2017

1421

Occupy Fintech: The Next Wave Of Mergers And Acquisitions, Rather Than New Startups

By Vladislav Solodkiy, Managing partner at Life.SREDA VC

Despite the slowdown in growth of fintech (in terms of new investments), the industry has been leading in the venture world over the past two years.  In addition, the slowdown is quite natural as the market is full of new ideas, technologies and players, and further evolution is the result of the development and consolidation of existing companies. Take, at the very least, the capitalization of fintech unicorns – their total value almost doubled in 2016 compared to 2015. (more…)

Columns, Deals, Global trends, Hotnews

June 29, 2017

2511

These will be the next fintech companies to be acquired during next 2 years: check out the reason

By Vladislav Solodkiy, Managing partner at Life.SREDA VC (more…)

Columns, Global trends, Hotnews

June 26, 2017

623

Ukraine Utilizing Blockchain in Land Transfers

The Ukrainian government is the latest in a string of governments and international groups around the world to implement Blockchain solutions to solve problems they’re facing in financial markets. (more…)

Fintech news, Global trends, Hotnews

June 26, 2017

554

Cambodia, Soramitsu Planning Distributed Ledger System

Soramitsu Co., the Japanese Blockchain identity company, has indicated that they are partnering with the National Bank of Cambodia to test distributed ledger technology in creating new and innovative payment methodologies. (more…)

Fintech news, Government activities, Hotnews

June 26, 2017

950

China Quietly Tests Digital Hybrid Currency

In a move that is no surprise to industry experts, China has begun testing its own digital currency for interbank transfers. Recent speeches by national bank insiders along with some publications have indicated the direction the Chinese would like to take.  (more…)

Cryptocurrencies, Hotnews, InspirAsia

June 26, 2017

706

PSD2 and Instant Payments to drive a 37% decline in online card volumes

A new study from Ovum, has attempted for the first time to quantify the detrimental effect Instant Payments and PSD2 will have on traditional credit and debit card payments. Instant Payments, PSD2, frictionless payment,e-commerce, (more…)

Government activities, Hotnews

June 26, 2017

589

Oscar Health is headed back to New Jersey and branching out to Ohio and Tennessee

by  for Techcrunch

Oscar Health seems to be expanding rather than shrinking in the next year. Despite worries that the Affordable Care Act wasn’t working out for health insurance companies, Oscar has filed to expand in 2018, adding the states of Ohio and Tennessee, expanding in Texas and California and heading back to New Jersey, where it pulled out at the beginning of this year. (more…)

Global trends, Hotnews, Insurance

June 21, 2017

536

Soldo, a London fintech startup that offers a multi-user spending account, raises $11M led by Accel

By Steve O’Hear for Techcrunch

Soldo, the London-based fintech startup that offers a multi-user spending account, first launched for consumers and since tailored to businesses too, has raised $11 million in Series A funding. Venture Capital firm Accel led the round, with participation from Connect Ventures, InReach Ventures, U-Start and R204 Partners. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API

June 21, 2017

669

Why Amazon’s Acquisition Of Whole Foods Matters For Startupland

By Tomasz Tunguz from Redpoint Ventures for his blog

Amazon’s acquisition of Whole Foods is notable for many reasons. Of course, there’s the magnitude $13.7B. The second is the shockwaves reverberating through the grocery industry. Costco fell 10% and Kroger almost 25% on the news. Third, the acquisition underscores the importance of physical retail even to the largest American ecommerce giant. Those are all remarkable in their own right. (more…)

Deals, Fintech news, Global trends, Hotnews

June 20, 2017

682

Banking the unbanked in emerging markets

by  for TechCrunch

As countries progress, citizens migrate from remote villages to large cities and foreign countries. Their economic power rises and they participate in the global economy. (more…)

Banks, Global trends, Hotnews

June 20, 2017

571

Open banking rules to trigger new wave of challengers

Tech companies, retailers and price comparison websites could become major banking brands says Deloitte on the release of research which reveals that a significant number of consumers who already use mobile banking would be willing to share data with traditional retailers. (more…)

Banks, Global trends, Hotnews, Influences FinTech

June 20, 2017

483

Klarna granted full banking licence

By Klarna,

Klarna is proud to announce that it has been granted a full banking licence by Finansinspektionen, the Swedish Financial Supervisory Authority. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

June 20, 2017

983

Santander’s Openbank relaunched as 100% digital bank

Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018. (more…)

Banks, Hotnews, Mobile-first banks

June 16, 2017

1188

Analyzing Token Sale Models

By Vitalik Buterin for his blog

Note: I mention the names of various projects below only to compare and contrast their token sale mechanisms; this should NOT be taken as an endorsement or criticism of any specific project as a whole. It’s entirely possible for any given project to be total trash as a whole and yet still have an awesome token sale model. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

June 15, 2017

811

India’s MobiKwik is raising new funding at $1B valuation to battle payment rival Paytm

By John Russel for TechCrunch

With high-profile investments from Alibaba and SoftBank fueling an impressive growth story since demonetization last year, you could be forgiven for thinking that Paytm has India’s payments market sewn up. But at least one company will agree to differ on that. (more…)

eWallets, Global trends, Hotnews, InspirAsia

June 15, 2017

882

Regtech Poised To Take Off In Southeast Asia

By Fintech News. SG

Regtech is earning regulatory endorsement all around the world, including in Asia-Pacific, where initiatives in locations such as Hong Kong, Japan, Singapore and Australia are being launched to address compliance and regulatory challenges more efficiently. (more…)

Global trends, Hotnews, InspirAsia, RegTech

June 15, 2017

TAS and WealthInvest agree payments partnership

By WealthInvest

Today WealthIntel and TAS Group (“TAS”) announced their execution of a Letter of Intent to join in the development of W$T’s proprietary payment platform and TAS becoming strategic partner of W$T in card solutions and payment systems. (more…)

Hotnews, Payment processors/providers/gateways

June 15, 2017

600

Will words and gestures replace plastic cards and cash?

The man who invented an early form of text messaging for fixed line networks while working at BT believes that in the future people will use words and gestures to pay for transactions, ditching payment cards altogether. (more…)

Global trends, Hotnews, Security

June 15, 2017

785

SaaS Fundraising In 2017

By Tomasz Tunguz from Redpoint Ventures for his blog

When I analyzed the SaaS fundraising market in 2016, three trends emerged. (more…)

Columns, Global trends, Hotnews

June 14, 2017

Acorns goes green with launch of sustainable investment portfolio

By Acorns,

Micro-investing app, Acorns, has highlighted its commitment to sustainability with the launch of a new, socially responsible investment portfolio, available from today. (more…)

Financial Markets / Trading, Hotnews, Wealth management

June 14, 2017

636

Report: SoFi Files Banking Application with FDIC

By

SoFi has officially filed with the Federal Deposit Insurance Corporation to create a state chartered bank. The filing is not unexpected as SoFi revealed its intent to pursue a banking charter this past May. (more…)

Banks, Hotnews, p2p/online lending

June 14, 2017

770

Digital Only Bank Revolut Launches Business Banking in UK & Across Europe

Challenger bank Revolut is launching a business banking vertical and is accepting pre-registrations now. Revolut for business will allow businesses to hold, exchange and transfer funds in 25 different currencies across the UK and all of Europe at the interbank exchange rate. The digital only bank says that users will be able to sign up for a multi-currency account in minutes. (more…)

Hotnews, Mobile-first banks, p2p-payments

June 14, 2017

724

ZrCoin ICO Claims $7 Million Raised from 3955 Investors

ZrCoin, based in Russia, says it has raised $7.07 million in cryptocurrency from 3,955 investors during their Initial Coin Offering (ICO). The offer was live from May 11th to June 9th and was hosted on the Waves platform. (more…)

Blockchain, Cryptocurrencies, Hotnews

June 12, 2017

675

Brief: Indian P2P Lender LoanMeet Secures Seed Funding from Chinese Investors

Increasingly cross national investment in fintech is becoming the norm.  As an example, today Bengaluru-based P2P lender lender LoanMeet has raised an undisclosed amount of seed funding from Chinese entrepreneur-turned-investors Cao Yibin and Huang Wei, along with KrazyBee.com co-founder and CEO Madhusudan E, according to multiple new sources. (more…)

Hotnews, InspirAsia, p2p/online lending

June 12, 2017

643

Nasdaq joins €7M funding round in French blockchain outfit Stratumn

Nasdaq has joined a €7M series A funding round in a French startup, Stratumn, which utilises distributed ledger technology and advanced cryptography to streamline and secure the exchange of regulatory reporting data. (more…)

Blockchain, Fintech news, Hotnews

June 9, 2017

749

OurCrowd Sets Up Tech Incubator in Israel with the Backing of Motorola, Reliance Industries & Yissum

OurCrowd, a leading equity crowdfunding platform, has partnered with Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum Technology Transfer Company of the Hebrew University of Jerusalem, to operate an “innovation technology incubator” that will support the growth of early stage startups in Jerusalem. (more…)

Accelerators/Incubators/Labs, Crowdfunding/investing, Global trends, Hotnews, InspirAsia

June 9, 2017

425

Grab, Uber’s Southeast Asian rival, to seek funds, eyes fintech business

By Reuters

Online taxi firm Grab aims to build its financial services business through its GrabPay app to transform into a consumer technology firm (more…)

Global trends, Hotnews

June 9, 2017