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162

Evolution Of Data Structures In Yandex.Metrica

By Scalability

Yandex.Metrica is the world’s second largest web analytics system. Metrica takes in a stream of data representing events that took place on sites or on apps. Our task is to process this data and present it in an analyzable form. (more…)

Columns, Global trends, Hotnews

September 25, 2017

160

How Much Should A SaaS Startup Invest In Sales & Marketing?

By Tomasz Tunguz from Redpoint Ventures

How much should a SaaS startup invest in sales and marketing at different stages of the business? This is a very nuanced question, but benchmarks do provide some guidance for what is reasonable. Sales and marketing investment depends on many different factors including establishing product market fit, the business’s sales model (inside, field, freemium), and not least, cash balance and fundraising capacity. (more…)

Columns, Global trends, Hotnews

September 25, 2017

231

ZhongAn launches insurtech concept to world

Investors excited about idea of merging insurance with big data and internet sales.
ZhongAn Online Property and Casualty Insurance begins trading in Hong Kong this week, launching into public markets a hot emerging asset: the insurance technology, or insurtech, company. The Shanghai-based group, which made a splash in China in 2014 selling quirky insurance products, raised $1.5bn last week, valuing the group at up to $10bn. (more…)

Hotnews, Influences FinTech, InspirAsia, Insurance

September 25, 2017

199

ABN Amro online lending startup New10 opens for business

ABN Amro is promising credit-worthy small businesses a decision on a loan application in 15 minutes through a home-grown fintech startup, dubbed New10. (more…)

Banks, Global trends, Hotnews, p2p/online lending

September 22, 2017

1137

Solving the Most Painful Fintech Problem

The Inconspicuous Great Pain of Fintechs and Their Clients: How to Solve It?

According to the Money of the Future research, fintech has been the No. 1 of all venture capital industries for the second year in terms of attracted capital, especially in Asia. However, most of these companies each time face the same problem – KYC and quick customer “landing” during registration.  (more…)

Blockchain, Global trends, Hotnews, Security

September 22, 2017

203

Engaging customers: The evolution of Asia–Pacific digital banking

By Vinayak HV, Stuart Kamp, Sergey Khon, and Gillian Lee for Mckinsey Insights

Consumers across the region are adopting digital banking. Our latest study finds banks must act quickly to take full advantage. (more…)

Analytics, Columns, Fintech news, Global trends, Hotnews

September 21, 2017

147

Ex-Barclays chief Jenkins gets Ping An backing for fintech startup

Former Barclays chief executive Antony Jenkins has raised £34 million in a funding round led by Chinese insurer Ping An to help bring his new fintech startup to Asia, according to the Financial Times. (more…)

Global trends, Hotnews, Open Source/ API

September 21, 2017

143

MarketInvoice Celebrates New Varengold Partnership & £1.5B Funding Milestone

By Erin Hobey for Crowdfundinsider

Big news for business finance company MarketInvoice who not only is celebrating a £1.5b funding milestone but has also signed an agreement with Varengold Bank AGto provide £45m funding annually on its invoice finance platform, funding working capital solutions for businesses across the UK. (more…)

Hotnews, SME

September 20, 2017

Want to Really Understand What all the Hype of Cryptocurrency is About?

By Mark Suster from UpFront Ventures for his blog

If you read the headlines you may well think cryptocurrencies are a either a radically new way of paying that is our savior from ossified, corrupt governments or on the other side that they are speculative Ponzi schemes. The reality of course is that cryptocurrencies can be both and can be liberating and corrupting at the same time. (more…)

Cryptocurrencies, Global trends, Hotnews

September 20, 2017

106

Asia-Pacific Alternative Finance Rises to a Quarter Trillion Dollars in 2016 led by China

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it rose to $245.28 billion delivered mainly by the huge China market. The alternative finance sector in Asia-Pacific totaled $102.8 billion in 2015, the first year for the survey. The research is based on data collected from 628 platforms across the Asia-Pacific region, including 463 from China and 165 platforms from the wider region. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

September 20, 2017

SEC Thailand’s Viewpoint on ICO

by Fintechnews.sg

he Securities and Exchange Commission, Thailand (SEC Thailand) has been following the development and the growing popularity of initial coin offerings (ICO). (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews, InspirAsia

September 20, 2017

147

Ant Financial Offers Face Scan Service For Package Pickup In China

(more…)

Global trends, Hotnews, Payment processors/providers/gateways

September 18, 2017

143

In Asia Pacific, Cash Usage Swell With Growth of ATMs

By PYMNTS

In the Asia-Pacific, cash is fighting tooth and nail with emerging digital payment methods and is seemingly winning the race. (more…)

Analytics, Hotnews, InspirAsia

September 18, 2017

159

Filecoin Provides Details on Huge ICO on CoinList

Filecoin, by Protocol Labs, closed their Initial Coin Offering on September 7th but it appears it has taken some time to regroup and count all of the digital coin that flooded into the first ICO to bless the pages of CoinList. (more…)

Cryptocurrencies, Global trends, Hotnews

September 18, 2017

147

SoftBank Group will buy a 5% stake in ZhongAn, China’s first online-only insurance agency

By Catherine Sho for Techcrunch

SoftBank Group has agreed to be a cornerstone investor in the initial public offering of ZhongAn, China’s first online-only insurance agency, on the Hong Kong Stock Exchange today. SoftBank Group will buy a 5 percent stake in the company, or about 72 million shares, at the offer price, which is in the range of HKD $53.70 to HKD $59.70 per share. If calculated based on the range’s mid-point price of HKD $56.70, that means SoftBank Group’s stake would be worth about HKD $4.08 billion, or $522 million. (more…)

Deals, Hotnews, Insurance

September 18, 2017

190

Satispay Raises Over €18 Million in Its Third Funding Round

By LTP

  • Record-breaking figure for Satispay’s fundraising
  • The third funding round has closed at over €18 million
  • The new capital increase brings the total funding to over €26.8 million
  • Among the subscribers: new important institutional and industrial partners

Milan, September 7, 2017 – Satispay is a young company from Italy that is contributing to the e-payment revolution with a mobile payment system that is independent and alternative to traditional networks. With an initial target of €12 million, Satispay has officially closed its third round of funding having reached €18.3 million, a record high for the Italian market. To date, Satispay has thus raised a total of €26.8 million, and the company’s post money valuation currently lies at approximately €66 million. (more…)

Hotnews, Payment processors/providers/gateways

September 15, 2017

Raisin takes on business deposit market

European financial deposit marketplace is moving into corporate banking territory, offering German business owners the opportunity to open term deposit accounts from its panel of banks. (more…)

Global trends, Hotnews

September 15, 2017

157

Moven builds AI into latest app upgrade

By Moven,

Today, the team at Moven is releasing the latest update to their financial wellness platform. The release will be available in the Google Play and App store in the United States, as the team gears up to roll out the innovations for their global bank partners. (more…)

Banks, Hotnews, Mobile-first banks, PFM/PFP services

September 15, 2017

166

IZettle rolls out invoice service in the UK

By IZettle

iZettle empowers small businesses to grow, helping them accept card and cash payments and manage their business operations, in addition to providing services such as small business funding. (more…)

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

September 15, 2017

151

Dubai and Malaysia ink fintech cooperation agreement

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) last week entered into an agreement to cooperate in the development of financial technology (FinTech) innovation. (more…)

Government activities, Hong Kong, Hotnews

September 13, 2017

162

ABN Amro turns to Bankable platform for digital unit Moneyou

By Bankable

Bankable’s Banking as a Service platform powers Moneyou BV, the fully digital consumer subsidiary of ABN Amro. The service is now opened to selected customers in the Netherlands. (more…)

Banks, Hotnews

September 13, 2017

155

China’s ICO ban makes more sense in light of its history with fintech

By Nik Milanovic for Techcrunch

China’s decision to freeze fundraising through initial coin offerings continues to roil markets, but the regulatory decision may not be as controversial as the response from the bitcoin community would lead observers to believe. (more…)

Cryptocurrencies, Global trends, Hotnews, InspirAsia

September 13, 2017

Insurtech Finaeo Completes Oversubscribed $2.25 Million Seed Investment Round

Canadian-based CRM platform Finaeo announced last week it has completed its Seed Round, which oversubscribed and raised $2.25 million. The round was led by Impression Ventures with participation from 500 Startups, Robo Ventures, iGan Partners, and Toronto angel investors. (more…)

Global trends, Hotnews, Insurance

September 13, 2017

The Tech Bubble Conversation Is Dead

By Erin Griffith for Fortune

When we started this column in late 2015, the technology boom felt like it was in danger of collapse. Mutual funds and institutional investors had created the so-called Age of Unicorns by pouring money into large, highly valued private startups; suddenly investors were in retreat, burned by bad bets. Talk of valuation markdowns, missed revenue targets, cash crunches, and failed acquisitions threw cold water onto a blistering business. Everyone stopped asking the question investors had been debating and fretting over for the past few years: “Are we in a tech bubble?” Nothing had really burst, but it no longer felt bubbly. (more…)

Global trends, Hotnews

September 11, 2017

185

Hong Kong-based ewallet locks in $115m for Southeast Asia expansion

By Nadine  for Tech in Asia

Hong Kong-based TNG Wallet says it has locked in a “record-breaking” US$115 million series A investment to accelerate expansion across Southeast Asia and South Asia. (more…)

eWallets, Hotnews, InspirAsia

September 11, 2017

Estonia Can’t Make Its Own Digital Currency

The news that Estonia was considering its own digital currency has reached the ears of Mario Draghi, the president of the ECB. Draghi was quick to point out that a state currency does not work within the Euro zone. He said:

“No member state can introduce its own currency; the currency of the euro zone is the euro.”

(more…)

Global trends, Government activities, Hotnews

September 11, 2017

260

What Do Boards Actually Do?

By Mark Suster for his blog

There’s a lot of mystique about what happens at board meetings and a lot of imagined board-room drama. I read commentary or Twitter or blogs and realize that there are also strongly held convictions that there are these evil VCs who do terrible things to mostly altruistic founders. (more…)

Global trends, Hotnews

September 11, 2017

309

Square applies for bank status

Square, the fintech startup headed by Twitter founder Jack Dorsey, has made an official application in the US for a banking license, ending months of speculation about its plans but also reigniting the argument about the use of industrial loans charters (ILCs). (more…)

Global trends, Hotnews, Mobile payments/banking, Payment processors/providers/gateways, POS/mPOS and online acquiring

September 8, 2017

252

SolarisBank enlists SIA for contactless payment cards in Germany

By SIA

solarisBank, a German banking platform with a full banking license, has chosen SIA, a company specializing in the processing of electronic payments, to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions. (more…)

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

September 8, 2017

271

Jack Ma’s Alipay takes on WeChat’s ‘instant apps’

By Eva Xiao for Tech in Asia

In China, smartphone apps have never felt more obsolete. WeChat, China’s most popular messaging app, hosts an overwhelming number of services inside itself: food delivery, ride-hailing, live streaming, and more. Now, China’s leading mobile payment app, Alipay, is trying to kill off apps too. (more…)

eWallets, Global trends, Hotnews, p2p-payments

September 8, 2017