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Digit will charge $2.99 per month to save you money

By Khari Johnson for Venture Beat

Savings service Digit announced today that it is ending its free service, and in the next 100 days will begin to charge customers $2.99 monthly subscription fee. Using an algorithm that tracks your spending habits, Digit withdraws money over time and puts it in a savings account. (more…)

Hotnews, PFM/PFP services

April 12, 2017

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Stripe acquires Indie Hackers in bid to strengthen relationship with entrepreneurs

By Ken Yeung for Venture Beat

Stripe has acquired the knowledge-sharing service for entrepreneurs known as Indie Hackers. While financial terms of the deal were not disclosed, Indie Hackers will remain operational as an independent subsidiary. Stripe hopes that this transaction will enable it to strengthen its relationship with startup community and further increase “the GDP of the internet.” (more…)

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

April 12, 2017

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Gartner: Global PC shipments fell 2.4% in Q1 2017, 10th quarter of decline in a row

By Emil Protalinski for Venture Beat

The PC market’s woes still seem to have no end in sight: It has now been in decline for 10 quarters in a row, per at least one research firm. For Q1 2017, Gartner found PC shipments were down globally, while IDC concluded they were flat. (more…)

Global trends, Hotnews

April 12, 2017

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Zenefits fined $1.2 million by NY regulator for unlicensed insurance sales

By Reuters

Health benefits broker Zenefits was fined $1.2 million with New York’s financial services regulator on Tuesday for letting unlicensed employees solicit, negotiate and sell insurance policies, the latest regulatory blow for the software startup. (more…)

Government activities, Hotnews

April 12, 2017

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Digital Identity for the Digital Ecosystem

By LTP Identity garners a lot of attention, particularly in financial services. LTP continues to follow identity trends around the world, ask questions, and help you keep a pulse on what’s happening. We’re very excited to be knowledge partners of the K(NO)W Identity Conference and hope to see you in Washington DC on May 15th. (more…)

Hotnews, InspirAsia, Security

April 12, 2017

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Techstars partners Echelon, set to connect SEA startups across a 600-city network

By Chee Hui Ming for e27.com

 Curious about how to build your business wherever you choose to live? You don’t have to be in SV to benefit from APAC’s strongest startup community. Join Techstars and e27 on a journey from Penang, to Bangkok, to Singapore and Jakarta. (more…)

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

April 11, 2017

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SG’s InstaRem partners ASX-listed Goldfield Money in Australian push

By Shiwen Yap for DealStreet Asia

Singapore-headquartered fintech company InstaReM has partnered ASX-listed Goldfield Money to provide digital banking services for migrants and overseas-based small and medium-sized enterprises (SMEs) operating in Asia. (more…)

Global trends, Hotnews, InspirAsia, Remittances

April 11, 2017

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Thailand’s Digital Ventures invests in geolocation data firm Pulse iD

Digital Ventures, a fintech-focussed venture capital subsidiary of Siam Commercial Bank (SCB), has invested in Hong Kong-based geolocation data startup Pulse iD, the bank said on Tuesday. (more…)

Deals, Fintech news, Global trends, Hotnews, InspirAsia

April 11, 2017

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Ant Financial is planning to double-down on blockchain, focussed on data credibility

By Kevin McSpadden for e27.com

Jack Ma’s fintech giant Ant Financial is planning to increase its emphasis, and use, of blockchain technology in an effort to provide more trustworthy data to its user base, according to a report in the South China Morning Post. (more…)

Blockchain, Deals, Fintech news, Global trends, Hotnews

April 11, 2017

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Qatar Commercial Bank Completes International Money Transfer Blockchain Pilot

By Samburaj Das for CCN

Commercial Bank, a private Qatari bank has revealed the successful completion of an initial blockchain pilot enabling international funds transfers with a number of banks in the region and beyond. The offering could have a significant impact on outward remittances in a country that houses a large population of working immigrants from a number of regional nations. (more…)

Banks, Blockchain, Global trends, Hotnews

April 11, 2017

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Capital Float Tops Up Capital Raise

By PYMNTS,

India-based SME lender Capital Float has added a bit of funding to its books thanks to a $2.3 million raise announced Monday (April 10). (more…)

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

April 11, 2017

Nets buys two payment units from OCBC

By Siow Li Sen for Business Times

NETS will buy two payment companies wholly owned by OCBC Bank as part of a move to go cashless in Singapore. (more…)

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

April 11, 2017

Flipkart raises $1.4 billion from eBay, Microsoft, and Tencent and acquires eBay’s Indian business

By Paul Sawers for Venture Beat

Indian ecommerce juggernaut Flipkart has raised $1.4 billion from eBay, Microsoft, and Tencent, in what is the biggest single investment in Flipkart’s history. The investment values Flipkart at a whopping $11.6 billion, according to a statement issued by the company. (more…)

Deals, Global trends, Hotnews

April 10, 2017

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London Islamic Fintech Firm First to Gain UK Regulator Approval

By Samburaj Das for Cryptocurrency news

Britain’s endeavor to cement itself as the global Fintech hub is extending to Islamic finance as a London-based Sharia-compliant FinTech startup gains regulatory approval. (more…)

Crowdfunding/investing, Deals, Global trends, Hotnews

April 10, 2017

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Payday loan firm hit by data breach

Wonga, a prominent UK payday loan firm, has warned 270,000 of its customers that their accounts may be at risk following a data breach. (more…)

Global trends, Hotnews, p2p/online lending

April 10, 2017

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SoftBank pushes for merger of India’s Snapdeal and Flipkart

By Kiran Stacey for Financial Times
Tie-up of ecommerce groups would counter growing threat from Amazon in the country

(more…)

Banks, Deals, Hotnews

April 10, 2017

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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