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The Internet of Things Needs A Ledger of Things

By Alex Tapscott for Forbes

Using emerging software and technologies, we can instill intelligence into existing infrastructure such as a power grid by adding smart devices that can communicate with one another, reconfigure themselves depending upon availability of bandwidth, storage, or other capacity and therefore resist interruption. (more…)

Banks, Fintech news, Global trends, Hotnews

August 22, 2016

517

Rakuten buys struggling bitcoin startup Bitnet to create a ‘blockchain research lab’

By Jon Russel for Bloomberg

Rakuten has confirmed that it has acquired the assets of Bitnet, a bitcoin wallet startup it invested in, which will be used to create a ‘bitcoin lab’ for the Japanese retail giant. (more…)

Deals, Global trends, Government activities, Hotnews

August 20, 2016

483

Robo-Advisors Risk Ruining Their Initial Appeal

By Mike Hogan for Barronsfs

 

There’s a surge in websites that want to design a stock portfolio for you. Some will even do it free. The trouble is that these robo-advisors are proliferating so fast and subdividing in so many ways that they risk making themselves irrelevant. (more…)

Global trends, Hotnews

August 20, 2016

Singapore Wants to Be Asia’s Sweden in Push for Cashless Payment

By David Roman for Bloomberg 

Singapore plans to reduce the role of cash and checks in its economy by encouraging banks to switch to digital payments, according to the head of the country’s central bank. (more…)

Global trends, Government activities, Hotnews, InspirAsia

August 20, 2016

712

Nova Credit launching from Y Combinator to give immigrants access to U.S. credit

By Jonathan Shieber for Techcrunch.com

Access to credit and establishing a credit history aren’t a luxury for people living in the US, they’re a necessity. A credit score is required to rent most apartments, get credit cards, and essentially make a way in the modern American world (more…)

Deals, Global trends, Hotnews

August 20, 2016

818

A Physics Lesson for Central Bankers

By  for Bloomberg View

The world is braced for the discovery of a fifth fundamental force of nature — the four known ones being electromagnetism, gravity, and strong and weak nuclear forces — that subverts the so-called standard model of particle physics. Given the lackluster outlook for global growth, maybe economics needs a similar revolution.  
(more…)

Banks, Columns, Fintech news, Global trends, Hotnews

August 20, 2016

423

Square’s Shares Jump on News of Investor Steve Cohen’s Stake

By Leena Rao for Fortune

The controversial investor now owns 5.4% of the payments company. (more…)

Banks, Deals, eWallets, Hotnews

August 20, 2016

Record Investment In Fintech Is Nothing Exciting, It’s Expected

By Slava Solodkiy for Forbes

The past six months of 2016 were a record high for fintech investment. And for the first time ever, Asia has become the #1 market in terms of the amount invested. (more…)

Analytics, Fintech news, Hotnews, Influences FinTech

August 17, 2016

416

Rubicoin raises €1.2m as Invest app gets global push

By Charlie Taylor for IrishTimes

Fintech start-up has raised €3m to date with backers including Motley Fool and EI (more…)

Blockchain, Hotnews

August 17, 2016

441

Hong Kong slips in global innovation ranking as regional competitors edge ahead

By Danny Mok for South China Morning Post

The annual ranking, published by Cornell University, saw Singapore, Japan, China and South Korea all improve their positions as some of the most innovative economies worldwide

(more…)

Banks, Fintech news, Global trends, Hotnews, InspirAsia

August 16, 2016

1084

Leveraging Fintech to Achieve Financial Inclusion in Indonesia

by Ghiyazuddin Mohammad and John Owens (reposted from MicroSave’s blog)

“Fintech” – an intersection of financial services and technology – is taking the traditional financial world by storm. Indonesia is no exception, with a fast-evolving ecosystem that includes a host of financial services offered by new generation fintechs. (more…)

Analytics, Global trends, Government activities, Hotnews

August 16, 2016

509

Royal Bank of Scotland to disappear for customers outside Scotland

By Douglas Fraser for BBC

The brand RBS is to be reduced to a back office role, according to the bank’s chief executive. (more…)

Government activities, Hotnews

August 15, 2016

473

Myanmar’s First Tech Accelerator Is Propelling Forward Next Generation Of Startups

Fanny Potkin for Forbes

On the 11th floor of a downtown Yangon high-rise, a crowd of budding entrepreneurs listens attentively to advice on how to successfully pitch investors. Andy Annett, managing director of TODAY Ogilvy & Mather Myanmar, gives tips on public speaking and branding, while Aung Sithu Kyaw, CEO of market consultancy Xavey, describes how to structure a pitch deck. (more…)

Fintech news, Hotnews

August 15, 2016

796

Edtech is the next fintech

By David Bainbridge for TC

Fintech is a factor of the fourth industrial revolution that has completely taken the world by storm and forever revolutionized how we bank. But many believe it is still in its infancy, with figures suggesting the same: global investment peaked at $5.3 billion in the first quarter of this year — a whopping 67 percent over the same period last year. (more…)

Analytics, Deals, Global trends, Hotnews

August 15, 2016

494

What ‘Open Banking’ Tells Your Bank About You

By Adrian Bridgewater for forbes

Online banking is changing, everywhere in every world nation… and developments in the UK could soon be reflected in the USA elsewhere. Recent reforms in so-called Open Banking have been pushed forward by the UK’s Competition and Markets Authority’s (CMA) to ensure that older bigger banks don’t get the lion’s share of customers simply as a result of their sheer footprint and weight. (more…)

Banks, Fintech news, Global trends, Hotnews

August 15, 2016

628

Banks and tech firms apply blockchain to trade finance

By Reuters

An HSBC and Bank of America Merrill Lynch venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. (more…)

Blockchain, Fintech news, Global trends, Hotnews

August 12, 2016

441

Asia’s Fintech Hub: A Long, Long Way to Go

 

By John Brazier for Waters Technology

John reflects on one of this month’s articles on the race between Singapore, Japan, Hong Kong and Malaysia to be the go-to destination for financial technology investment and development in Asia. (more…)

About, Banks, Fintech news, Global trends, Government activities, Hotnews, InspirAsia

August 12, 2016

425

It’s game on as Mondo, the UK banking startup, finally becomes a licensed bank

By Steve O’Hear for Techcrunch.com

Mondo, the U.K. mobile banking startup and probably the noisiest of the new breed of British challenger banks, is now officially, well, a bank. (more…)

Banks, Fintech news, Global trends, Hotnews

August 12, 2016

494

Citi Bolsters Healthcare Banking Team

By Reuters

Citi is following in the footsteps of Leerink Partners and Barclays. (more…)

Banks, Fintech news, Global trends, Hotnews

August 12, 2016

477

Competition watchdogs to enforce smartphone banking revolution

Britain’s biggest banks are will be forced to offer customers a revolution in mobile banking with the same services available on smartphones as can be found in high street branches, competition watchdogs have said today.

(more…)

Banks, Fintech news, Global trends, Hotnews

August 9, 2016

589

Tilt dives into one-to-one payments

By Mathew Lynley for Techcrunch.com

Here’s a sentence you might not have expected to read: a service built around crowdfunding is building in a one-to-one payments option in what might be one of the most increasingly crowded spaces in the U.S. (more…)

Cashless, Global trends, Hotnews, Mobile payments/banking, p2p-payments

August 9, 2016

975

US government to auction $1.6 million in Bitcoin from cases like Silk Road this month

By Nate Swanner for the Next Web

The US government has announced it will look to auction 2,719 Bitcoin it seized during cases like Silk Road. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

August 9, 2016

477

Watchdog’s banking tech reform ‘not enough’

By Brian Miligan for BBC

A shake-up in UK retail banking has been criticised by consumer groups and economists as not going far enough. (more…)

Banks, Government activities, Hotnews

August 9, 2016

Is Alibaba’s Finance Cloud the future of banking in China?

by Zennon Kapron for Kapron Asia

Over the past few months Alibaba’s ‘Finance Cloud’ has gained significant traction with an estimated 40+ banks subscribing to some, if not all, of the services available on the financial platform. Far from just a cloud platform, Ali Finance Cloud is the closest we have seen to ‘Bank in the Cloud.’

(more…)

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

August 8, 2016

539

Trading Tech Accelerates Toward Speed of Light

By Vera Sprothen for WSJ

Financial-technology startups are arming traders with devices that shave precious nanoseconds off stock-market bets (more…)

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

August 8, 2016

473

Britain’s fintech sector seeks light at end of Brexit tunnel

By Jemima Kelly for Reuters

Six weeks after Britain’s vote to leave the European Union threw London’s future as a leading global fintech hub into doubt, there are tentative signs the country’s reputation for innovation in financial services will survive. (more…)

Global trends, Government activities, Hotnews

August 8, 2016

727

What can happen when mortgage lenders become VCs

By John Mannes for Techcrunch.com

Buying a home in Silicon Valley is no joke. (more…)

Global trends, Government activities, Hotnews

August 6, 2016

694

Blockchain Reaches a Tipping Point

By IRVING WLADAWSKY-BERGER for Forbes

Blockchain is bringing the ledger to the internet age

(more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

August 6, 2016

633

What Asian Banks Can Learn From Amazon About Working For Fintech

By Vladislav Solodkiy for Forbes

Last Friday, a very interesting deal remained almost unnoticed in the market – and how wrong that was! French banking group BCPE is acquiring German online-bank Fidor. Earlier this quarter, there were two similar news items – Chinese Ant Financial (owner of AliPay e-wallet) was considering taking a 25% stake in German Wirecard (Alibaba denied this information later), while the German fintech-holding FinLeap has launched solarisBank company. (more…)

Hotnews

August 4, 2016

672

UOB partners with cloud accounting firm Xero to ease SMEs’ bookkeeping woes

By Yong Heong Tung for E27

Xero’s small business customers under UOB can now automatically send transactions to cloud, and do away with downloading statements manually (more…)

Analytics, Fintech news, Global trends, Hotnews, InspirAsia

August 4, 2016