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580

What Dimon had to say about fintech in his annual letter

By Robert Barba for American Banker

This year, JPMorgan Chase plans to allow its retail customers to open an account and complete most transactions on their mobile device and offer them self-directed investment tools, while corporate customers can expect an enhanced digital platform. (more…)

Banks, Fintech news, Hotnews, Influences FinTech

April 10, 2017

604

Lending Club founder Renaud Laplanche is back with a new startup and $60 million in funding

By  for Techcrunch

Renaud Laplanche had a terrible no good very bad 2016. But the founder and longtime CEO of Lending Club is back with a new lending startup called Upgrade, along with the support of investors who’ve provided the company with $60 million in funding. (more…)

Global trends, Hotnews, Influences FinTech, p2p/online lending

April 7, 2017

645

On-demand insurance platform Trov raises $45 million ahead of U.S. and global expansion

By Paul Sawers for Venture Beat,

Insurance tech startup Trov has closed a $45 million Series D funding round led by HSB Ventures, with participation from Oak HC/FT, Suncorp Group, Guidewire, Anthemis, and Japanese insurance giant Sompo Holdings. (more…)

Hotnews, Insurance

April 7, 2017

Standard Chartered launches digital wealth advisory tool

By Thomson Reuters,

Standard Chartered Private Banking has introduced ADVICE, a digital wealth advisory tool for its relationship managers (RMs) that integrates the Private Bank’s entire suite of house views and investment recommendations with Thomson Reuters’ real-time market information. (more…)

Banks, Financial Markets / Trading, Global trends, Hotnews, Wealth management

April 7, 2017

Elevate Credit pulls off lending IPO

By Katie Roof for Techcrunch

After postponing its IPO last year, Elevate Credit, the venture-backed lending company, went public on the New York Stock Exchange today. (more…)

Deals, Hotnews, p2p/online lending

April 7, 2017

368

Meniga helps incumbent banks keep fintech fear at bay

By Steve O’Hear for techcrunch.com

A VC once told me that fear was the best sales tool ever invented. That was in reference to the hockey stick growth his cybersecurity startup was seeing, thanks to a raft of stories in the media regarding high profile cases of companies being hacked. But might the same be said of banks and the pending threat of fintech? Arguably, they have much to fear. (more…)

Fintech news, Hotnews, Influences FinTech

April 7, 2017

415

Lackluster IPO shows subprime lenders still have hurdles to overcome

By Kevin Wack for American Banker

President Trump’s deregulatory push was supposed to be a bonanza for high-cost consumer lenders. (more…)

Global trends, Hotnews, p2p/online lending

April 7, 2017

392

Moneytree Sees Green with $9 Million Funding Round

By Julie Muhn (@julieschicktanz) for Finovate

Japanese personal finance app Moneytree has landed $9 million (¥ 1 billion) in a series B round recently. This is the company’s third round of funding and brings its total raised to $10.5 million. SBI Investment led the round. Mizuho Capital, SMBC Venture Capital, Salesforce Ventures, Fukuoka Technology Partners, Hiroshima Venture Capital, Senshu Ikeda Capital, and Baillie Gifford also participated. (more…)

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

April 7, 2017

462

Fintech deal size in Southeast Asia dropped in 2016, is only tiny spec of global market volume

By Igor Pesin, Partner, Life.SREDA

As I wrote last time, in 2016 China became the new leader in fintech worldwide with 39 per cent of global volume. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

April 7, 2017

456

India: Softbank in talks to sell Freecharge at half the price at $200m

By The deal Street Asia

With the on-going sale talks at Indian e-commerce firm Snapdeal continue to hog headlines, Japanese investor SoftBank is now in discussions to sell Freecharge, the mobile wallet platform owned by online retailer, separately at half the price for around $150-200 million, according to a Times of India report quoting sources. (more…)

Deals, eWallets, Hotnews, InspirAsia

April 6, 2017

516

Monzo gears up for current accounts after receiving full banking license

UK digital challenger Monzo has had its banking restriction lifted, enabling it to start bringing current accounts to its users. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, Influences FinTech, Mobile-first banks

April 6, 2017

325

Singapore fintech investor tryb Capital injects US$4M into Chinsay, plans to leverage smart contract data

By Kevin McSpadden for e27.com

tryb Capital, a Singaporean growth-stage technology investor, announced today its first official investment — a US$4 million strategic financing for Chinsay AB, a Swedish SaaS company digitalising freighting contracts. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

April 6, 2017

758

6 Recent Singapore Fintech Fundings

By FintechNews.sg

In 2016, overall investment in Singapore-based fintech companies dropped by 65%, falling from US$605 million in 2015 to US$214 million in 2016, according to KPMG and CB Insights’ Pulse of Fintech report. (more…)

Deals, Hotnews, Influences FinTech, InspirAsia

April 6, 2017

450

Wells Fargo, Finicity Team To Provide An API-Based Way Of Sharing Customer Information

Wells Fargo & Company announced Wednesday (April 5) that it and Finicity, a provider of real-time financial data aggregation and insights, have signed an agreement that provides an application programming interface (API)–based method for sharing Wells Fargo customer information with the financial apps and services that Finicity supports. (more…)

AI / Machine Learning / Big Data, Banks, Fintech news, Global trends, Hotnews

April 6, 2017

489

Deutsche Bank buys stake in receivables auction platform TrustBills

By DB

Deutsche Bank AG today announced the acquisition of a 12.5 percent share interest in the receivables auction platform TrustBills. (more…)

Banks, Deals, Fintech news, Hotnews, InspirAsia

April 5, 2017

477

JPMorgan Chase pumped $600m into fintech in 2016

JPMorgan Chase spent around $600 million on emerging fintech solutions last year, says the bank’s CEO Jamie Dimon in a letter to shareholders which also mentions an API store and some “interesting developments” in the bill payments department. (more…)

Banks, Deals, Hotnews

April 5, 2017

400

Rabobank invites employees to pitch ideas for new brand strategy

By Rabobank

Envision… having the opportunity to reintroduce Rabobank to the Netherlands and to the world. (more…)

Banks, Fintech news, Hotnews

April 5, 2017

419

BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel. (more…)

Banks, Deals, Global trends, Hotnews, Influences FinTech, Mobile-first banks

April 5, 2017

594

WhatsApp makes P2P payments play in India

Facebook-owned messaging service WhatsApp is advertising for a digital transaction lead with experience of UPI, Aadhaar and BHIM, in a move which is seen as the precursor to the launch of a peer-to-peer payments service in India. (more…)

Fintech news, Global trends, Government activities, Hotnews, InspirAsia, p2p-payments

April 5, 2017

534

OCBC Bank Launches First A.I. Powered Home Renovation Loan Specialist Chat Bot

By FIntechnews.sg

With more than 20,000 enquiries logged since its launch in January, OCBC Bank announced today the success of the first-of- its-kind specialised home and renovation loan chatbot service in Singapore. More than 10% of the chat sessions have been converted into mortgage loan sales prospects. (more…)

AI / Machine Learning / Big Data, Banks, Hotnews, InspirAsia

April 5, 2017

635

InsurTech: The future of insurance is in partnerships

2016 was all about InsurTech: cash flowed in, the incumbents sat up and took notice, and a slew of start-ups arrived on the scene to grab the insurance industry by the shoulders and give it a good shake. Now, as the hype subsides, FinTech Futures have launched InsurTech Bytes podcast series, inviting John Egan, strategy practice lead at Anthemis, Dan Smith, Managing Partner at Exponential Ventures, and Jannat Shah, Associate at AXA Strategic Ventures to chew the fat on all things InsurTech: where’s the smart money heading? Why should the big players partner with start-ups? What effect is Brexit having on InsurTech VCs? (more…)

Global trends, Hotnews, Influences FinTech, Insurance

April 5, 2017

420

How US-based accelerator Plug and Play is tackling the Southeast Asia ecosystem through partnerships

By Yon Heong Tung for e27.com

Silicon Valley-based startup accelerator Plug and Play is renowned for having an eagle-eye for promising companies, having made investments in big name players such as Dropbox, PayPal, LendingClub, and Soundhound during their infancies. (more…)

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

April 5, 2017

561

Money transfer startup Azimo now lets you send money to a phone number

By Steve O’Hear for techCrunch.com

Azimo, the U.K. money transfer startup backed by Rakuten, is rolling out a neat new feature that makes it a lot easier to send money through the app and should add additional network effects to help the London-based fintech company grow. Specifically, the new functionality enables Azimo users to request, send and receive cash internationally using a mobile phone number. (more…)

Fintech news, Global trends, Hotnews, Remittances

April 5, 2017

499

Payments company Ayopop raises $1m seed funding

By  for TechinAsia

Indonesia’s Ayopop specializes in bill payments, which means it wants users to pay for things like their phone bills, electricity, and internet services through its app. (more…)

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

April 4, 2017

520

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

466

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

315

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

407

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

634

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

426

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