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544

WorldRemit partners Wafacash for money transfers to Morocco

Digital money transfer service WorldRemit has partnered with leading Moroccan financial company Wafacash to further support the growing demand for instant remittances and the immediate access of funds in the country. (more…)

Global trends, Hotnews, p2p/online lending

April 25, 2017

510

SeedPlus raises over $18m for its first seed-stage fund

By Michael Tegos for tech in Asia

Seed-stage startup investor SeedPlus has raised over US$18 million for its first fund, it announced today. This was the targeted amount but was oversubscribed, partner Michael Smith Jr. tells Tech in Asia. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

April 25, 2017

674

Myanmar fintech company ONGO receives backing from National Bank of Canada; aims to boost country’s cashless transactions

The National Bank of Canada (NBC) has acquired a 22 per cent stake in Myanmar-based mobile payment platform ONGO. No details of the deal were disclosed. (more…)

Global trends, Hotnews, InspirAsia, Myanmar

April 24, 2017

577

Barclays Bank goes in search of the next Paypal at African accelerator

Barclays Bank says it wants to find the next Paypal after selecting the second cohort of 10 companies to participate in its African accelerator programme. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, Global trends, Hotnews, InspirAsia

April 24, 2017

Plastc goes into meltdown

Plastc, an all-in-one card and mobile app that promised to put an end to bulging wallets and revolutionise the way we pay, has filed for bankruptcy three years after launch without shipping a single product. (more…)

Credit/Debit/Prepaid cards, Fintech news, Global trends, Hotnews

April 24, 2017

427

National Bank of Cambodia inks DLT development deal

The National Bank of Cambodia is teaming up with distributed ledger technology specialist Soramitsu to develop the use of the Hyperledger Iroha software framework for a possible new payment infrastructure. (more…)

Banks, Fintech news, Global trends, Hotnews

April 24, 2017

862

Allianz invests in Lemonade

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, today announced a strategic investment by Allianz, the world’s largest insurance company. (more…)

Deals, Hotnews, Insurance

April 21, 2017

557

Orange Bank preps July launch

French telco Orange is to open its new mobile-only bank in July, following a soft-launch with employees this month. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

April 21, 2017

658

Shopify ships card reader

Shopify Inc. (SHOP)(SHOP.TO), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today announced its new free Chip and Swipe card reader for in-person selling. (more…)

Global trends, Hotnews, Mobile payments/banking

April 21, 2017

576

Startupbootcamp opens African accelerator

Startupbootcamp announced today the launch of their new accelerator program opening in Cape Town. (more…)

Accelerators/Incubators/Labs, Global trends, Hotnews

April 21, 2017

577

Coinbase plans Ethereum messaging app

Bitcoin exchange and virtual wallet operator Coinbase is bidding to emulate China’s hugely popular WeChat through a new unit that will offer a secure messaging app, an Ethereum wallet and a browser for Ethereum apps. (more…)

Blockchain, Deals, Hotnews

April 21, 2017

1059

Mizuho enters digital wallet joint venture with Metaps

By Mizuho

Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato), Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara), Metaps Inc. (CEO: Katsuaki Sato), and WiL LLC (CEO: Gen Isayama) signed an agreement for capital participation and business cooperation for the purpose of providing a new settlement service using FinTech. (more…)

Banks, Deals, Hotnews, InspirAsia

April 20, 2017

703

Malaysian government-backed MDEC launches digital hub and entrepreneur initiatives; aims to help startups scale globally

By Yon Heong Tung for e27

Government-backed innovation agency Malaysia Digital Economy Corporation (MDEC) has announced two new initiatives that will bolster the country’s digitalisation efforts. (more…)

Government activities, Hotnews

April 20, 2017

485

Paytm in talks to raise up to US$2B from SoftBank; looking to buy FreeCharge from Snapdeal

By Sainul Abudheen K for e27

With this all-cash deal, the Indian m-commerce and mobile payments company’s valuation will go up to US$9 billion (more…)

Fintech news, Global trends, Hotnews, InspirAsia

April 20, 2017

756

Robo Advisor Wealthfront Launches Line of Credit to Make Users More Liquid

By Julie Muhn for Finovate

Robo advisor pioneer Wealthfront must know that opposites attract: in this case, it’s saving and investing. Today, the company launched a securities-based lending option– a line of credit that allows its users borrow against their own savings accounts. (more…)

AI / Machine Learning / Big Data, Hotnews, p2p/online lending, Wealth management

April 20, 2017

526

Steve Ballmer Spends Millions To Redesign Government Information

By Mark Wilson for Co.Design

The former Microsoft CEO and current Clippers owner wants to give back through a powerful data visualization tool.

(more…)

Government activities, Hotnews

April 20, 2017

507

Nomura sets up Indian fintech programme; creates $92 million startup investment fund

Japanese investment bank Nomura has set up a fintech programme in India, inviting entrepreneurs to join it at a Mumbai base to build new tools for capital markets. (more…)

Fintech news, Government activities, Hotnews, InspirAsia

April 20, 2017

510

I Joined Airbnb at 52, and Here’s What I Learned About Age, Wisdom, and the Tech Industry

By Chip Conley for HBR

A growing number of people feel like an old carton of milk, with an expiration date stamped on their wrinkled foreheads. One paradox of our time is that Baby Boomers enjoy better health than ever, remain young and stay in the workplace longer, but feel less and less relevant. They worry, justifiably, that bosses or potential employers may see their age more as liability than asset. Especially in the tech industry. (more…)

Global trends, Hotnews

April 19, 2017

491

China’s Ant Financial buys Singapore-based helloPay in boost to SE Asia plans

By Business Times,

[BEIJING] Ant Financial, the payment affiliate of Alibaba Group Holding Ltd, has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in South-east Asia. (more…)

Deals, Global trends, Hotnews

April 19, 2017

491

UOB, KrisFlyer launch savings account that rewards with air miles

ByYasmine Yahya for Straights Times,

SINGAPORE – United Overseas Bank and KrisFlyer have tied up to launch a savings account with debit card that rewards account holders with air miles when they save or spend.  (more…)

Banks, Fintech news, Hotnews, InspirAsia

April 19, 2017

792

Wells Fargo Is Testing a Chatbot in Facebook Messenger

Wells Fargo is testing a “chatbot,” an automated program that can communicate with the bank’s customers on Facebook’s messaging platform to give them information on their accounts and help them reset their passwords. (more…)

Banks, Bots, Global trends, Hotnews

April 19, 2017

656

Lazada’s payment platform helloPay merges with Alibaba’s Ant Financial, rebranded as Alipay

By Sainul Abudheen K  for e27

Ant Financial, the mobile and online payment platform owned by Chinese e-commerce giant Alibaba, has merged with helloPay Group, which runs the helloPay payment platform on online shopping and selling platform Lazada. (more…)

Deals, Fintech news, Hotnews, InspirAsia

April 19, 2017

589

Facebook Messenger hits 1.2 billion monthly users, up from 1B in July

By Josh Constine for TechCrunch

Normally adding 200 million users in 8 months to a product that already has a billion would reduce the average engagement, but most apps don’t have Facebook Messenger’s network effect. Now with 1.2 billion monthly active users, “we increased engagement massively in terms of number of messages sent per active user. We had double-digit growth percentage-wise” Facebook’s head of Messenger David Marcus tells me. (more…)

Deals, Fintech news, Global trends, Hotnews

April 18, 2017

818

Lloyds partners Microsoft to pilot facial recognition access to online banking

Lloyds is teaming up with Microsoft to pilot the use of fingerprint and facial recognition technology for online banking logins on Windows 10 devices. (more…)

AI / Machine Learning / Big Data, Banks, Global trends, Hotnews, Influences FinTech

April 18, 2017

623

Procter & Gamble to spend $100m for Singapore innovation center

By Judith Balea for Tech in Asia

Procter & Gamble today announced it would invest US$100 million over the next five years in a digital innovation center in Singapore, its first outside of the US. The project is being done in partnership with the Singapore Economic Development Board. (more…)

Accelerators/Incubators/Labs, Fintech news, Global trends, Hotnews, InspirAsia

April 18, 2017

592

Ant Financial partners with Emtek to expand into Indonesia

By Sheila Yu for TechNode

Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, announced on Wednesday a strategic partnership with Indonesia’s second largest media firm Elang Mahkota Teknologi (Emtek), in its latest efforts to expand its presence in overseas mobile payment market, local media is reporting (in Chinese). (more…)

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

April 18, 2017

1194

What’s in it for Me? Real Estate Investment Technology

By Julie Muhn for Finovate

For those looking to diversify out of the stock market and into asset-backed or alternative investments, real estate has long been a popular choice. In 2014, things changed significantly for these investors; historically if they didn’t have $40,000 for a down payment on an investment property loan or $4 million to spend on commercial property development, they would be out of luck. Recently, however, we seen successful startups looking to lower the barrier to entry for novice real estate investors. (more…)

Crowdfunding/investing, Global trends, Hotnews, Influences FinTech

April 18, 2017

759

Robo-advisor startup StashAway gets in-principle approval from MAS to manage investment portfolios

By Yon Heong Tung for e27

It received an in-principle approval for its Capital Market Services License for Retail Fund Management from the Monetary Authority of Singapore

(more…)

AI / Machine Learning / Big Data, Deals, Financial Markets / Trading, Hotnews, InspirAsia, Wealth management

April 17, 2017

500

Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B

by ,

Ant Financial, the Alibaba affiliate company focused on financial services, appears to have finally won its battle with Euronet to acquire MoneyGram, the U.S.-based cross-border payments service, after it increased its bid to $1.2 billion. (more…)

Deals, Global trends, Hotnews, InspirAsia

April 17, 2017

684

Kabbage Co-Founder & Head Fintecher Kathryn Petralia: Power Lending, Predictions & Progress

By

“Fintech, online lending, AI and privacy are complicated issues, so we’ve created innovative solutions and approaches that D.C. embraces once they understand them. Our message to Washington is: call us! We have someone to translate tech speak and “bureaucratese” for all of Washington’s questions.”

(more…)

Hotnews, Influences FinTech, p2p/online lending

April 16, 2017