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Three dimensional map of China in Chinese flag colors.

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FinTech in China: A 53-Point Summary

By Gaurav Sharma for LTP

If there is a FinTech version of Silicon Valley, it is China, Period. Today, there is no equivalent of China in the FinTech world. Having spent the past several months in China, here are some observations/insights from the FinTech scene in China: (more…)

Analytics, China, Fintech news, Hotnews

November 29, 2016

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Which Are the Top 3 Hottest FinTech Hubs Worldwide?

By Elena Mesropyan for LTP

While we have been brushing through the world’s hottest FinTech hubs, we haven’t really looked at them in a comparative manner. Meanwhile, every hub is unique and carries hallmarks of its history of growth and development affected by distinctive forces. Those forces shape unique strengths and weaknesses and determine the course of future development and types of innovations that will be bred in a particular hub. (more…)

Fintech news, Government activities, Hong Kong, Hotnews, Marketing Report, Singapore

November 26, 2016

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Advice for banks how to dive through the FinTech revolution: Consumer Banking (tech reloaded)

By Thomas Labenbacher, partner of Life.SREDA VC

I first heard Consumer Banking 15+ years ago, when I started with GE Capital Consumer Finance. The majority of people are using Retail Banking instead of Consumer Banking. Consumer Banking is defined as the provision of services by a bank to individual consumers. That needs to become the vision of bank again in order to navigate through the digital transformation from traditional banking to digital banking (more…)

Banks, Fintech news, Global trends, Hotnews

November 23, 2016

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Winners of Singapore Semi-final and More, Ready To Compete At Fintech Finals 2017

By

13 different startups competed last  for a cash prize of USD$2,000 and the opportunity to compete in the Fintech Finals 2017 in Hong Kong to take place on January 18th and 19th. (more…)

Fintech news, Hong Kong, Hotnews, InspirAsia, Singapore

November 21, 2016

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Life.SREDA’s portfolio company Ayannah won a Semi finals award from Next Money and VISA

FF17 Semi Finals is an award by Visa and Next Money, where 10-15 startups are competing in each city to fight on the Finals stage in Hong Kong.

Ayannah, Life.SREDA’s portfolio company received a highest award of $2000USD and booked their place at the finals at Hong Kong. (more…)

Global trends, Hotnews

November 18, 2016

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Life.SREDA’s portfolio company Fastacash was awarded the biggest award at the Singapore FinTech Awards

The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) awarded 10 FinTech companies a total of S$1.15 million at the FinTech Awards.

Between the 10 awardees, Life.SREDA’s portfolio company FASTACASH was awarded a 1st place with a prize of S$250.000 in a category of MAS FintTech award (Singapore-based companies of any size)

(more…)

Cashless, Fintech news, Global trends, Hotnews, Remittances

November 18, 2016

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Singapore’s FinTech Journey – Where We Are, What Is Next

By

More than 11,000 participants from more than 50 countries attending one or more of the many events lined up over these five days of Singapore Fintech Festival. (more…)

About, Fintech news, Government activities, Hotnews, Singapore

November 16, 2016

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Sopnendu Mohanty and Vladislav Solodkiy are between TOP35 of most influential fintech-people in the world

Yesterday the well known British magazine Institutional Investor magazine has announced the list of TOP35 of the most influential fintech-investors in the world (award ceremony will be helded on December 1 in New York City in iiFintech). For the second year the list has highlighted Vladislav Solodkiy, managing partner at Singapore-based Life.SREDA VC (the magazine made an attention to the impact on ecosystem of their Money Of The Future fintech-report and new infrastructure project BAASIS). And it is the first time when Sopnendu Mohanty, Chief Fintech Officer at Monetary Authority of Singapore, is in the list too (Singapore became very successful in terms of PR of becoming fintech-hub for the last year). (more…)

Fintech news, Global trends, Hotnews, InspirAsia

November 15, 2016

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What Asia Can Learn From Africa To Succeed in Fintech For Unbanked?

, managing partner at Life.SREDA VC, for Fintechnews Singapore

Facebook is currently considering acquiring mobile money giant M-Pesa in Kenya.

One month ago Visa payments network introduced a mobile-phone application to enable cashless transactions in Kenya too. The mVisa app will initially facilitate transactions for people with accounts at four banks. Africa had 557 million mobile-phone users at the end of 2015, according to the GSM Association. (more…)

About, Hotnews, Influences FinTech, InspirAsia, Mobile payments/banking, p2p/online lending

November 14, 2016

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Five New Types of Insurance In Asia: From Revenge Porn To Drones

Vladislav Solodkiy, managing partner at Life.SREDA VC

Source: LetsTalkPayments

Insurance offers a huge opportunity that has yet to see real innovation. The major players have some of the lowest Net Promoter Score (NPS) ratings of any industry, meaning the companies do not inspire satisfaction or loyalty in their customers. People do not like or trust insurance companies. (more…)

About, Fintech news, Hotnews, Insurance

November 13, 2016

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BaaS is becoming the sexiest vertical in fintech

By Vladislav Solodkiy, managing partner at LifeSREDA VC, for LTP

BaaS (bank-as-a-service) is the new black.

One week ago former Barclays CEO Antony Jenkins has launched a new startup that aims to modernise the back office technology used by banks. 10x Future Technologies is working on a cloud-based core banking system — the technology that allows banks to hold deposits and accounts. Essentially, it’s the heart of banking. Antony Jenkins, who founded the company and serves as CEO, says in the statement: “Our core digital banking platform, based on advanced data modelling and database design, will allow financial services providers to develop a much deeper understanding of their clients, cut costs and deal with regulation.”

(more…)

Banks, Fintech news, Hotnews, InspirAsia

November 7, 2016

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A Matter of unity – Banks & Fintechs

By Igor Pesin, Life.SREDA VC 

Today several capital cities of Asia pretend to be the fintech hubs of Asia… However most of their activities are aimed to only attract attention (media PR, conferences, awards) and unite local talents around fintech (accelerators, coworking-spaces, hackathons) – but not to help them to build real businesses: to launch products (not to test them in different “sandboxes”); to develop and grow it and then scale to other Asian markets. Fintech can’t exist within one country – you have to be a gateway to the borderless digital world.  The real fintech hub is not the place where the most of buzz and PR is produced, but where the real financial innovation and technology is created. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

November 3, 2016

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Life.SREDA’s Vladislav Solodkiy is speaking at FINSPIRE 2016

By Wilfred Loh for e27

Vladislav Scolodkiy is one of the high-profile speakers presenting at FINSPIRE 2016, happening on the 7th and 9th November.  Check out the full agenda taking place in Jakarta, Indonesia happening in just four days! Don’t miss out, grab your FREE tickets today. (more…)

Fintech news, Hotnews, Indonesia

November 2, 2016

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BaaS for banks will be like AWS for Amazon: Igor Pesin, Life.SREDA VC

By Shiwen Yap for DEALSTREETASIA

October 30, 2016:   In September this year, Life.SREDA VC had announced that it had entered into a strategic partnership with Leonie Hill Capital, in a move that sees the firms establishing BAASIS, a pan-Asian banking as a service (BaaS) platform. Headquartered in Singapore, BAASIS is technically backed by a German digitlal financial services firm and is intended to provide a core banking infrastructure for fintech startups and other non-banking financial corporations in Asia, acting as middleware between traditional banks and entrepreneurial fintech ventures. In an interaction with DEALSTREETASIA, Igor Pesin, a partner and investment director of Life.SREDA VC, said the firm would soon announce the first close of its blockchain fund at  at 25 million euros, even as he added that its second fintech fund, where it was targeting to raise $100 million, would soon have its second close, with Leonie Hill Capital as the lead LP.

Read more at: http://www.dealstreetasia.com/stories/56601-56601/

Fintech news, Hotnews, InspirAsia

October 31, 2016

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Singapore Fintech Awards 2016 Announces 40 Finalists

By

Singapore FinTech Awards 2016, comprising the MAS FinTech Award and ABS Global FinTech Award, will be part of the inaugural Singapore FinTech Festival that will be held during 14 – 18 November 2016. (more…)

Fintech news, Government activities, Hotnews

October 31, 2016

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What’s the Endgame for FinTech?

By Elena Mesropyan for LTP

Amidst all the excitement and sometimes overinflation of financial technology startups’ disruptive potential, entrepreneurs often can’t zoom out a bit out and see a bigger picture. While it is understandable when your startup rapidly gains traction and there are no visible barriers, yet the market is not infinitely stretchable. At some point, a strategic decision will be required and every entrepreneur will have to find an answer to the important question: what’s the endgame? (more…)

About, Fintech news, Global trends, Hotnews

October 27, 2016

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Why Zuckerberg, Gates And Omidyar Are Investing In Fintech For The Poor

By Vladislav Solodkiy, managing partner at Life.SREDA, for Forbes

According to a report published in early September, Facebook is currently considering acquiring mobile money giant M-Pesa that launched in Kenya in 2007. While the news is not yet confirmed, it could be a sound deal for Facebook in terms of their presence in the sphere of online-remittances (what Facebook Messenger and other messengers are trying to develop right now) and projects like Internet.org to provide people from unbanked and emerging markets with access to digital services, which Zuckerberg has promoted a lot in the past. (more…)

About, Global trends, Hotnews, Influences FinTech

October 27, 2016

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The day I realized Fintech was becoming just the same as everything else

By Brett King, Moven, for Finextra

I’ve been in Fintech since before we called it Fintech. Some would say that Fintech has been around for decades, as soon as Bank of America deployed ERMA (Electronic Recording Method of Accounting) in the 1950s, but even though the term was commonplace by 2009 amongst practitioners, the term Fintech got very little industry use until 2013, and then in 2014 use of the term skyrocketed. In 2009 Finextra itself just featured 30 articles with references to Fintech, but by 2014 that number was close to 250, and 2016 has already seen 1200 articles to-date. 

(more…)

Fintech news, Hotnews, Mobile-first banks

October 26, 2016

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The China century: Ant Financial tops global fintech innovation list

By Anisa Menur A. Maulani for e27

Alibaba Group’s fintech arm Ant Financial has been announced as the number one company in the Top 50 Established list of the Fintech100 2016, an annual list of the world’s “most successful, exciting and high impact” fintech companies published as a collaboration between H2 Ventures and KPMG Fintech. (more…)

About, China, Fintech news, Global trends, Hotnews, InspirAsia, Philippines

October 25, 2016

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FinTech v. traditional banking: It’s not a zero-sum game

By  for VentureBeat

The financial services sector is bracing itself for an unprecedented period of disruption. Innovations such as smartphones, big data analytics, and the blockchain technology that underpins Bitcoin, are forcing banks, insurers, and Wall Street firms to adapt to an unpredictable future where some of the old rules no longer apply. We’ve seen this before – just look what happened with Blockbuster vs. Netflix, record stores vs. digital music, or even Yellow Pages vs. Google. But unlike those examples, a banking sector shakeup will not be a zero-sum game. (more…)

Banks, Global trends, Hotnews

October 23, 2016

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How Insurtech Is Rapidly Changing Insurance And Health Tech Industries

Vladislav Solodkiy, managing partner at Life.SREDA VC, for Forbes

In our recent fintech report “Money of the Future,” we’ve talked about $3 billion in new investments in 2015 in insurtech. Sounds impressive, doesn’t it? Auto insurance companies just in the U.S. spend a total of $6 billion in advertising each year. It means you are a “customer-oriented” and “tech-advanced” company when you are spending twice on advertising more than on real innovators. But several traditional insurance big players – like Chinese giant Ping An – are showing us great examples of how to change your vision in accordance with demands of the new digital era. (more…)

Fintech news, Hotnews, Insurance

October 21, 2016

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MEDICI Top 21 – InsurTech: Announcing the 21 Leaders Among the 480 Identified Players

By : LTP

Throughout the three years of dedicated ongoing research in the InsurTech space, the LTP team has explored, defined and shaped the global InsurTech startup ecosystem unlike anyone else. Eventually, LTP established the foundation to build MEDICI – the ultimate FinTech platform for collaborative innovation. We have written about and covered a wide spectrum of startups in our articles on LTP, and our global team has extensive experience interacting with startups and exchanging ideas on a daily basis. (more…)

Analytics, Fintech news, Hotnews, Insurance, Marketing Report

October 21, 2016

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Asia’s Trillion Dollar Electronic Payments Problem, And How To Figure It Out

By Vinnie Lauria for Forbes

Electronic payment apps like Venmo win customers and make headlines for their ease of use, transparent costs, and widespread adoption, creating the illusion that money is flying through the air without the slightest friction. In truth, the global electronic payment market is far thornier than its products would make it seem. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Mobile payments/banking, POS/mPOS and online acquiring, Remittances

October 18, 2016

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35 VC Firms Nurturing the Startup Ecosystem in Asia

By Elena Mesropyan for LTP

One of the regions that will lead the world into the next generation of financial technology innovation is Asia. Data suggests that investors poured $4.5 billion into FinTech companies in Asia in 2015, which is three times the amount attracted by their peers in Europe. (more…)

About, Hotnews, InspirAsia

October 17, 2016

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Crazy Fintech In China

Vladislav Solodkiy, managing partner at Life.SREDA VC

Chinese fintechs are very strong in terms of execution and distribution (but only inside China, to be honest), and not so advanced in product and technology innovations. Sometimes striving to be “trendier”, they end up being “too innovative”: they peek in bathrooms in order to assess credit risks; they introduce payments by head nodding; they settle payment obligations to investors with bottles of spirits; they accept nude female photos as collateral, as well as publicly flog for poor performance. (more…)

China, Hotnews, Influences FinTech, InspirAsia

October 14, 2016

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FinTech Is Not a Niche Anymore, It’s a Powerful and Highly Disruptive Industry

By Elena Mesropyan for LTP

Declaring the death of FinTech… As a niche

In February this year, Matt Carey, Co-Founder of Abaris, the first direct-to-consumer online marketplace for retirement products, declared the death of FinTech as a niche, saying, “Financial technology (FinTech) as a niche is dead. No, it’s not going away. Rather, financial technology is on the cusp of becoming so entrenched in every aspect of global finance that we’ll stop thinking of it as a niche and start thinking of it as the core of how financial services are delivered to consumers, corporations and institutional investors.” (more…)

About, Fintech news, Global trends, Hotnews

October 14, 2016

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The Power of Personalization in the Financial Services Industry

By Elena Mesropyan for LTP

‘Let’s not get personal’ is certainly not about the modern way to serve the customers’ financial needs in the best way. Financial institutions should get personal if they wish to evolve and be relevant in a highly competitive market where personalization is one of the most important ways to appeal to experientially omnivorous consumers. (more…)

About, Banks, Global trends, Hotnews

October 12, 2016

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Hangzhou outrunning Beijing and Shanghai as top tech hub

By  for Technode

More and more entrepreneurs nowadays lean towards second-tier cities, thanks to lower operational costs, nicer environment and better local government support. (more…)

China, Hotnews

October 12, 2016

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Three Reasons Why Asia Will Be The Hottest InsurTech Market

By George Kesselman for Forbes

If I could charge a dollar every time someone asked me this year, “George, what’s the latest and ‘hottest’ InsurTech [Insurance Technology] startup in Asia?” I would have probably saved enough to buy the much anticipated upcoming MacBook Pro! (more…)

Hong Kong, Hotnews, InspirAsia, Insurance, Singapore

October 11, 2016

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Where Fintech VCs Will Place Their Bets in 2017

By Penny Crosman for American Banker

Funding of fintech startups will cool in 2017, venture capitalists say, mainly because online lenders — the sector that first drew VCs’ attention — have lost some of their allure. (more…)

Global trends, Hotnews, Marketing Report

October 6, 2016