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Mastercard launches B2B payments hub

Mastercard today announced The Mastercard B2B Hub, an innovative solution that enables small and midsized businesses to optimize their invoice and payment processes with accounts payable and payment automation tools that improve the speed, ease and security of their commercial payments. (more…)

Fintech news, Global trends, Hotnews

June 8, 2017

153

Thai Kasikorn Bank $30M Global Fintech Fund Sets Sail

Thailand’s Kasikorn Bank has launched a $30 million fintech fund to invest in startups across South East Asia as well as Europe and China. (more…)

Banks, Fintech news, Global trends, Hotnews

June 8, 2017

332

Singapore Tokenizes Their Currency Through Ethereum’s Blockchain

According to a recent article on Trustnodes, the Monetary Authority of Singapore, Singapore’s central bank, has successfully digitized their national currency by a creating a token out of the Singapore dollar on Ethereum’s blockchain technology. (more…)

Blockchain, Cryptocurrencies, Government activities, Hotnews

June 8, 2017

143

Kasikorn Bank opens $30 million fintech war chest

Thailand’s Kasikorn Bank has launched a $30 million fintech fund to invest in startups across South East Asia as well as Europe and China. (more…)

Banks, Fintech news, Global trends, Hotnews

June 7, 2017

180

Ethereum Piques Vladimir Putin’s Interest

Moving at the speed of light was once reserved for the comic book hero Flash, but with nearly every industry going digital, technology may be giving him a run for his money. (more…)

Blockchain, Cryptocurrencies, Fintech news, Hotnews

June 7, 2017

186

What Is Sparking Bitcoin’s Strength?

Back in February, we reported that Bitcoin transaction volumes were up 55 percent in 2017. Since that time, the leading cryptocurrency has only looked stronger. Bitcoin is trading at higher prices than most people thought possible, and some are predicting lucrative values in the coming years. Bitcoin isn’t a replacement for day-to-day currency for most of us, and may never become one. However, it is a serious, viable commodity, and it seems as if it’s going to be around for a long time. (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews

June 6, 2017

197

There Is No Free Lunch

By Fred Wilson for AVC Blog

I am reminded time and time again that things that sound too good to be true almost always are. There really is no free lunch, in business or in life. (more…)

Columns, Global trends, Hotnews, Influences FinTech

June 6, 2017

157

Bitcoin Exchanges in China Resume Withdrawals After Months-long Freeze

Last week, it was reported that the 3 largest bitcoin exchanges in China finally ended a four-month freeze on withdrawals. (more…)

Blockchain, Cryptocurrencies, Hotnews

June 6, 2017

113

Investment Readiness Level Guide

By Martin Luenendonk,
Most startup founders look way to early for funding from venture capital or angel investors… wasting months and months and still getting a “NO”.

(more…)

Global trends, Hotnews

June 6, 2017

257

Zopa Receives $41 Million Investment to Support Challenger Bank Launch

By David Penn for Finovate

P2P lending pioneer Zopa just picked up $41 million (£32 million) in new funding that will go a long way toward helping the company prepare for the roll-out of its challenger bank later this year. (more…)

Global trends, Hotnews, p2p/online lending

June 5, 2017

135

Nigeria moves trade to the cloud with Misys and Interswitch

By Interswitch

With calls for a diversification and deepening of the Nigerian trade sector to offer options for varied investor tastes and boosting of the economy, Thursday, June 1 2017 witnessed the launch of a Digital Cloud-hosted Trade Solution for the Nigerian Market called Misys Fusion Banking Trade Innovation Software. (more…)

Banks, Hotnews, InspirAsia

June 5, 2017

148

Indian banks to work with five Startupbootcamp Mumbai graduates

Five of the eleven startups graduating from Startupbootcamp’s 2017 Indian accelerator programme have secured pilots with bank sponsors RBL and Icici. (more…)

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

June 5, 2017

135

Greenlight raises $7.5m for kids’ debit card

By Greenlight Financial Technology

Greenlight Financial Technology, Inc., creator of Greenlight: the smart debit card for kids, today announced $7.5 million in seed financing. (more…)

Credit/Debit/Prepaid cards, Global trends, Hotnews

June 5, 2017

118

Countdown to PSD2: Finextra surveys financial institutions on readiness and strategies

By Finextra

A new Finextra paper to be released at EBAday 2017 will gauge banks’ progress with PSD2 compliance and their thinking about the opportunities – and challenges – of the imminent regulatory change.

The PSD2 implementation deadline is fast approaching. The next months will be critical for financial institutions in impacted markets as they complete the technological and strategic work required to both achieve compliance with the regulation and to take advantage of the opportunities it creates.

A number of first movers are already putting into action their strategies for a PSD2 world. But is it obvious for the majority of financial institutions how they should respond? Is it clear where the real opportunities of PSD2 lie for banks, and are the technology decisions they need to make – to either achieve PSD2 compliance, or go beyond it to leverage the regulation for business growth -straightforward to negotiate?

Finextra’s latest online survey is designed to generate answers to these questions among others, and you are invited to participate to get priority access to the results.

The survey covers a range of important topics, including:
– Do the majority of banks agree they should do more than simply comply with PSD2?
– How are banks working with their service providers to deliver their PSD2 change programmes?
– Which teams within banks are leading and driving PSD2 projects?
– How far have banks progressed and will they be compliant on time?
– How many financial institutions already have new services in place designed to leverage the potential of PSD2?
– What are the new business models banks are exploring in light of the implementation of PSD2?
– Is PSD2 helping financial institutions to accelerate their digital transformation programmes?

The anonymised and aggregated survey results will feed into a report that drills down into the topic of PSD2 readiness and banks’ strategic responses to the new regulation. The report will be launched at the forthcoming EBAday 2017 in Dublin.

Have your say and contribute to this assessment of where financial institutions are on their PSD2 journeys by completing the survey today.

(more…)

Government activities, Hotnews

June 5, 2017

165

OCBC BANK LAUNCHES CASHLESS QR CODE PAYMENTS WITH ITS FIRST STANDALONE MOBILE PAYMENTS APP

OCBC Press release,

The popular OCBC Pay Anyone e-payment services – which includes a new QR code cashless payment service – are consolidated into a standalone mobile app for our customers’ convenience (more…)

Banks, Cashless, Global trends, Hotnews, InspirAsia

June 5, 2017

374

Mary Meeker’s 2017 internet trends report: All the slides, plus analysis

Kleiner Perkins Caufield & Byers partner Mary Meeker is delivering her annual rapid-fire internet trends report right now at Code Conference at the Terranea Resort in California.

(more…)

Global trends, Hotnews, Influences FinTech, People of fintech

June 1, 2017

163

Singapore government and SGX launch their drive for more tech IPOs

By Jack Ellis for Tech in Asia

The Singapore Exchange (SGX) and the Infocomm Media Development Authority (IMDA), the Singaporean government’s main ICT and media industry regulator, have today signed a memorandum of intent (MoI) aimed at easing the path to IPO for local and foreign tech companies in the country. (more…)

Global trends, Hotnews

June 1, 2017

210

Mobile money provides boost to Kenyan farmers

Ditching cash in favour of mobile payments for loan repayments provides huge benefits to Kenyan farmers, reducing costs, uncertainty, inefficiency and insecurity, a new UN study shows. (more…)

Global trends, Hotnews, InspirAsia

June 1, 2017

177

LendingClub Files Presentation in Advance of Annual Shareholders Meeting

LendingClub (NYSE:LC) has filed a new form with the SEC (DEF 14A) in advance of the annual shareholders meeting which is scheduled to take place on June 6, 2017. (more…)

Global trends, Hotnews, p2p/online lending

June 1, 2017

203

The other big risk in auto lending

By John Reosti for American Banker,

GrandSouth Bancorp’s woes could be warning sign for banks that lend to auto dealers. (more…)

Banks, Global trends, Hotnews

June 1, 2017

231

Inside BBVA’s Open API Marketplace

Earlier this week, BBVA launched its API Market, making eight of its APIs commercially available. The launch comes after the Spanish bank worked for more than a year with developers and businesses to determine the optimal delivery for the APIs. (more…)

Banks, Hotnews

May 30, 2017

414

UK payments market: Contactless cards set to overtake cash in 2018

By Alex Rolfe

Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018, according to a new report. This latest forecast still does not herald the demise of cash – even in ten years’ time it is still expected to make up 21% of all payments. (more…)

Cashless, Hotnews, Mobile payments/banking

May 30, 2017

664

Regulation tech challenges and opportunities

By Igor Pesin, partner at Life.SREDA

Regulation tech has become famous in 2016 and financial services industries and governments are looking eagerly at 2017. (more…)

Fintech news, Hotnews

May 30, 2017

236

Not even wrong – ways to dismiss technology

By Benedict Evans from A16Z for his blog

There’s a story told of the theoretical physicist Wolfgang Pauli that a friend showed him the paper of a young physicist that he suspected was not very good but on which he wanted Pauli’s views. Pauli remarked sadly “It is not even wrong”. (more…)

Columns, Hotnews

May 29, 2017

318

Alibaba To Lead $1B Investment in Ele.me

Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese food delivery service. (more…)

Deals, eWallets, Hotnews, InspirAsia

May 29, 2017

236

M-Pesa Mobile Banking To Cover More Of Africa

Millions more smartphone users in Africa will now have access to basic banking services like borrowing and saving as the popular mobile financial service platform M-Pesa expands to cover more countries. (more…)

eWallets, Global trends, Hotnews, Mobile payments/banking

May 29, 2017

238

Intuit founder Scott Cook built a US$35B company. This is what he knows about when to listen to criticism

With US$2B+ in assets and investment portfolio that includes eBay, Amazon, and Snapchat, Intuit founder Scott Cook explains their secret (more…)

Columns, Hotnews, Influences FinTech, Interviews

May 29, 2017

255

Worldpay creates VR payments prototype

Worldpay is experimenting with the use of virtual reality to provide genuine card transactions for users immersed in a computer-generated environment. (more…)

Hotnews, Payment processors/providers/gateways, Payment systems

May 26, 2017

183

Sberbank moves into e-medicine sector

by Sberbank

Sberbank announces closing a transaction to purchase a controlling stake in DocDoc.ru, the leading company on the Russian e-medicine market. (more…)

Banks, Deals, Hotnews

May 26, 2017

197

Two of Life.SREDA’s partners are in the top 7 fintech Influencers in Singapore

Slava Solodkiy, managing partner at Life.SRDA, and Igor Pesin, partner and CEO at BaaS.is, are featured in the top 7 most influential Fintech minds in Singapore.  (more…)

Global trends, Hotnews, Influences FinTech

May 26, 2017