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270

Goldman Says Brazilian FinTech Will Disrupt Traditional Banks

By PYMNTS

Brazil is seeing a boom in financial technology, which, according to a new Goldman Sachs report, will chip away at the market share of the banks in the country. (more…)

Global trends, Hotnews

May 16, 2017

108

Monzo hits 200,000 users; £250 million spent

As of this weekend, more than a quarter of a billion pounds has been spent through Monzo cards by more than two hundred thousand customers! (more…)

Banks, Hotnews, Mobile-first banks, Open Source/ API

May 16, 2017

188

134

Alibaba Invests In Its First Fintech Company In Hong Kong

As reported by Forbes today, Alibaba has invested in online invoice exchange marketplace Qupital, marking the Chinese e-commerce giant’s first foray into fintech investment in Hong Kong. Qupital raised a total of $2 million in its seed round. (more…)

Cashless, Deals, eWallets, Hotnews, InspirAsia

May 16, 2017

59

Chinese Celebrity-Backed Fintech Firm QuantGroup Considering US IPO

Fintech company QuantGroup, which was founded by several notable Chinese movie stars, is considering a US IPO, according to an article published in Bloomberg last week. The firm is looking to raise an estimated $200 million according to unnamed sources. (more…)

Deals, Global trends, Hotnews, InspirAsia

May 16, 2017

134

Lending Club and Marketplace Lending – One Year On from Renaud Laplanche’s Ouster

By Peter Renton for Lending Academy

We take a look back at lessons learned on the one year anniversary of the ouster of Renaud Laplanche at Lending Club. (more…)

Global trends, Hotnews

May 15, 2017

177

Credit Karma now helps users find unclaimed cash

by  for Techcrunch.com

Since being founded a decade ago, Credit Karma has worked to help users better understand their credit scores and improve their financial health. Today the company is launching a new product that helps find unclaimed money they might not even have known was owed to them. (more…)

Deals, Fintech news, Hotnews, RegTech, Security

May 15, 2017

119

Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe

By Jon Russel for Techcrunch.com

Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking its first investment in an Australian startup — with participation from Sequoia China, MasterCard and existing investor Gobi Ventures. (more…)

eWallets, Hotnews

May 15, 2017

236

Rabobank and Signicat launch Digital Identity Service Provider

Rabobank and Signicat are entering the Dutch identity market together by providing digital services to businesses, supporting them in servicing their clients. (more…)

Banks, Fintech news, Hotnews, Security

May 15, 2017

Indonesian P2P lending platform Taralite raises US$6.3M, aims to build “world class” R&D team

Starting out as loan platform for personal life events such as weddings and Hajj pilgrimage, Taralite now focusses on providing working capital for small online businesses.

Jakarta-based P2P lending platform Taralite today announced that it has a raised a funding round from Japanese fintech conglomerate SBI Group. (more…)

Global trends, Hotnews, InspirAsia

May 15, 2017

583

What China Reveals About the Future of Shopping

By Boston Consulting Group (Chris Biggs, Amee Chande, Erica Matthews, Pierre Mercier, Angela Wang, Linda Zou)

Imagine being in the middle of Times Square, surrounded by flashing lights, fast-talking vendors, street performers, live music, noisy traffic jams, and endless other distractions. Now imagine you’re online and surrounded by the same energetic chaos. Welcome to China’s digital marketplace, where shopping is an adventure—a fire hose of rapidly changing content, offers, products, colors, and choices. For Western shoppers accustomed to simple, transactional online buying, it’s a culture shock. (more…)

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

May 11, 2017

314

Mastercard, UnionPay, Visa Launch Standardized QR Code For E-Payments In Thailand

Mastercard, UnionPay International and Visa have introduced a Standardized Quick Response (QR) Code for payments, accelerating Thailand’s transition to a cashless society. (more…)

Fintech news, Hotnews, InspirAsia

May 11, 2017

271

India’s Alipay or WeChat Pay Could Be a Young Private Bank or Progressive NBFC

By Amit, CEO of LTP

In many parts of the world, tech companies (TechFins and FinTechs) are beginning to dominate the FinTech scene except India. BATs (Baidu, Alibaba and Tencent) and Internet finance in China dominate the market now. PayPal (Braintree and Venmo), Stripe and the likes of Prosper/Lending Club/Sofi have made serious inroads in the US although not to the same extent as China where internet finance cos have more customers than traditional banks in some segments. (more…)

Banks, Cashless, Fintech news, Hotnews, InspirAsia

May 11, 2017

190

Playing With The Band — mPOS And Cashless Concerts

By PYMNTS

It seems that mobile payments are finding perfect harmony with concertgoers. The latest mPOS Tracker™ catches up with Ben Taylor, COO of Front Gate Tickets, on how the company is using RFID technology to take concerts cashless. This issue digs into the many moves by mobile payment technology providers like Square, as they set their sights on new markets and new payment experiences. Find all that, plus rankings of 271 top players in the space, inside this month’s issue.

(more…)

Cashless, Hotnews, Mobile payments/banking

May 11, 2017

210

Bitbond Gains $5.4 Million Debt Commitment and Undisclosed Equity Investment

By Julie Munh for Finovate

Peer-to-peer small business financing platform Bitbond announced today it has received a debt commitment from Obotritia Capital, which has agreed to fund $5.4 million worth of loans on its platform. Obotritia has also invested an undisclosed amount of equity in Bitbond, whose current funding now totals more than $2.14 million. (more…)

Blockchain, Fintech news, Global trends, Hotnews

May 11, 2017

180

Snapchat hits a disappointing 166M daily users, growing only slightly faster

By Josh Constine for TechCrunch

Snap’s growth rate increased only slightly in Q1 2017 — a bad start to its first quarterly earnings report since going public. Snap hit 166 million daily active users at a growth rate of 5%, compared to the 158 million DAUs it had in Q4 when it hit a 3.2% growth rate. Snap’s year-over-year growth rate continued to slip, falling to 36% year-over-year from 48% in Q4. (more…)

Analytics, Cashless, Deals, Global trends, Hotnews

May 11, 2017

202

Westpac Banking Corporation Case Study

Westpac Banking Corporation, one of the world’s leading commercial banks, was looking to differentiate itself in a prosperous and already digital-heavy economy.

The bank deployed a digital banking solution from Fiserv initially in Australia – its home market-where 10 million consumers and nearly 1 million businesses manage their money through the bank. (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews

May 11, 2017

185

BNP Paribas to become startup bank for Parisian version of Silicon Valley

BNP Paribas is to locate its Plug and Play accelerator at Parisian startup campus Station F as part of a partnership programme that will see the bank become a first port of call to meet the financing needs of emerging technology firms at the site. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

May 11, 2017

196

N26 moves into savings market with Raisin API

Mobile-only banking platform N26 has partnered with Raisin to open access to savings accounts from banks across Europe. (more…)

Banks, Fintech news, Global trends, Hotnews, Mobile-first banks

May 11, 2017

194

Blockchain-based crowdfunder Waves joins Microsoft Azure

Waves, a Russian-made crowdfunding platform, is now available in the Microsoft cloud.

By expanding the capabilities of its Blockchain as a Service, Microsoft will enable millions of developers of blockchain solutions to quickly launch crowdfunding projects. (more…)

Crowdfunding/investing, Fintech news, Global trends, Hotnews

May 11, 2017

112

KPMG acquires fintech matchmaking firm Matchi

KPMG is looking to cash in on the growing trend for bank/startup collaboration with the acquisition of fintech matchmaking platform Matchi. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 11, 2017

Kreditech raises €110M from Naspers’ PayU in strategic financing partnership

By Ingrid Lunden for Techcrunch

Kreditech, the German startup backed by Peter Thiel, Rakuten and the IFC that creates credit ratings and provides finance to people who may not otherwise have credit histories, has raised another round of funding from one of its strategic partners. PayU, the payments company owned by Naspers that is known by some as the “PayPal of emerging markets” — its business is mainly in providing payment services to online merchants — is investing €110 million ($120 million) in Kreditech. (more…)

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

May 11, 2017

522

How Lending Club Is Differentiating Itself From Other Online Lenders

By Omri Barzilay for Forbes

2016 has been a tough year for San Francisco-based Lending Club. Scott Sanborn, who took over as CEO and who’d served as the company’s COO prior, has taken drastic steps to get the company back on course. In less than a year, Sanborn cut and rehired 179 jobs and hired a new CFO, COO, general counsel and chief capital officer. In addition, the company launched a new auto refinance product and an investor mobile application, Lending Club Invest. (more…)

Global trends, Hotnews, p2p/online lending

May 11, 2017

180

Former Citi Chairman and Asia Pacific CEO Shirish Apte invests in fintech startup Invoice Bazaar

by e27.com

Invoice Bazaar Supply Chain Finance platform connects large buyers with SME suppliers which enables them to avail early payment on their receivables (more…)

Global trends, Hotnews, Influences FinTech, InspirAsia, People of fintech

May 9, 2017

105

Garena rebrands to Sea and raises $550 million more to focus on Indonesian e-commerce

By TechCrunch

Garena, one of Southeast Asia’s biggest tech startups, has picked up $550 million in new funding and changed its name. The Singapore-headquartered consumer Internet company told Bloomberg that it is now called Sea Ltd. to reflect is global expansion plans (and also because SEA is an acronym for Southeast Asia). Its new valuation was undisclosed. (more…)

Global trends, Hotnews, InspirAsia

May 9, 2017

116

Seedrs to launch secondary market

Today, leading equity crowdfunding platform Seedrs announced a pioneering move for the sector with the launch of a secondary market this summer. (more…)

Crowdfunding/investing, Hotnews, InspirAsia

May 9, 2017

112

Deutsche Bank backs pan-industry online identity platform

Deutsche Bank is teaming up with a host of major firms to set up a platform for online registration, e-identity and data services. (more…)

AI / Machine Learning / Big Data, Banks, Deals, Global trends, Hotnews

May 9, 2017

114

ING joins Digicash family

By ING

ING is joining the DIGICASH family with the launch of its ING DIGICASH app in Luxembourg. (more…)

Banks, Bots, Global trends, Hotnews, Mobile payments/banking

May 9, 2017

Singapore Uni to offer digital transformation module in partnership with Standard Chartered

By Standard Chardtered

National University of Singapore (NUS) School of Computing and Standard Chartered Bank have signed a Memorandum of Understanding (MoU) for the co-development and co-delivery of a module on digital transformation. (more…)

Banks, Global trends, Hotnews, InspirAsia

May 9, 2017

Alipay teams up with First Data to increase US presence

By Sheila Yu for TechNode

Alipay recently announced a partnership with America’s First Data Corp, in its latest efforts to expand its presence in overseas mobile payment market. (more…)

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

May 9, 2017