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843

Icici Bank launches digital application form for opening current accounts

By ICICI Bank,

ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of a digital application facility on smartphones and tablets, that enables bank officials to open current accounts of self-employed individuals and businesses swiftly in just a few hours, in comparison to an industry average of a few days. (more…)

Banks, Deals, Hotnews

April 20, 2018

688

Kabbage Quiet as Rumors Grow Over Potential Orchard Acquisition

Bloomberg and other sources are reporting that small business lender Kabbage will acquirelending platform Orchard. The firm, which boasts the support of former Citigroup and Morgan Stanley bosses Vikram Pandit and John Mack, provides information on the marketplace lending industry to Wall Street companies. No terms have been made available and neither Kabbage nor Orchard Platform Markets have commented on the potential acquisition. (more…)

Deals, Global trends, Hotnews

April 16, 2018

The World is Going Cashless & Digital Challenger Bank Revolut Wants to Lead the Way

Cash is king no more. Today’s society is all about mobility and the digitization of all forms of finance. How consumers spend and manage their money has changed dramatically in recent years and that pace of change is accelerating. Revolut is a new breed of banks that has replaced the corner branch with a robust smartphone app that reduces cost while providing superior services. Revolut has grown rapidly, jumping from zero to 1.5 million users in less than three years. A cashless (or at least less cash focused) is near and according to Revolut co-founder and COO Vlad Yatsenko, Revolut is going to lead the way. (more…)

Fintech news, Hotnews, Mobile-first banks

April 12, 2018

574

J.P. Morgan Chase Sued For Charging Crypto Buyers With Surprise Fees

J.P. Morgan Chase & Co, a leading global financial services provider and one of the largest banking institutions in the US, was sued for charging undeclared fees to customers who used their credit cards to purchase cryptocurrency, treating the purchases as cash advances, Reuters reported April 11. (more…)

Banks, Blockchain, Fintech news, Hotnews

April 12, 2018

620

PayPal to roll out banking products for the ‘unbanked’ in the weeks ahead

By Sarah Perez for Techcrunch

PayPal  is expanding into traditional banking through partnership with smaller banks to offer consumers debit cards connected to their PayPal accounts, along with direct deposit for paychecks and other services, according to news the company shared with The Wall St. Journal. The company says its new products are targeted specifically at the unbanked, and will launch in the first half of 2018, following consumer testing. (more…)

Banks, Fintech news, Hotnews, Payment processors/providers/gateways

April 10, 2018

1112

TrueMoney scores Vietnam payment services license

By: TrueMoney

TrueMoney Vietnam (“TrueMoney”), part of Southeast Asian Fintech company Ascend Money, has obtained the Intermediary Payment Services License from the State Bank of Vietnam to operate digital financial services in e-money, e-payment, wireless transfers, and payment gateways. (more…)

Banks, Fintech news, Global trends, Hotnews

April 6, 2018

Walmart launches global money transfer service

Retailer Walmart is pushing further into the financial sector through a service that lets people transfer money from its US stores to 200 countries. (more…)

Hotnews, Remittances

April 4, 2018

711

Monetary Authority of Singapore Works with Finance Industry on Ethical Use of Data and AI

The Monetary Authority of Singapore (MAS) has announced that it is working with key financial industry stakeholders to develop a guide to promote the responsible and ethical use of artificial intelligence (AI) and data analytics by financial institutions. (more…)

AI / Machine Learning / Big Data, Global trends, Government activities, Hotnews

April 3, 2018

560

InstaReM Announces Launch of Money Transfer Operations from India

InstaReM, a Southeast Asia’s digital cross-border money transfer service provider, announced on Monday it has launched outbound money transfer operations from India. This is being done through InstaReM’s partnership with DCB Bank Limited, an Authorised Dealer Category-I Bank, as per the Reserve Bank of India (RBI)’s governing conditions. (more…)

Global trends, Hotnews, InspirAsia, Remittances

April 3, 2018

1155

Asian Winners and Finalists of IBM Beacon Awards 2018

By Ishtiaque Hossain, Author of Wallowing in Dhaka. Ishtiaque Hossain is a writer from Dhaka, Bangladesh; currently working in the Malaysian FinTech industry. Twitter Handle: @followishti Website: Ishti.org
 ­
The IBM Beacon Awards program recognizes IBM partners who have delivered exceptional solutions using IBM products and services that have set the benchmark for providing transformative value to clients, playing a significant role in their clients’ success, and for being a trusted business advisor.

Fintech news, Global trends, Hotnews

April 2, 2018

502

Nubank Challenges Brazil’s Big Banks in Wake of $150 Million Funding Round

The startup that made headlines recently for its antitrust complaint against some of its country’s largest banks is the same fintech that raked in a major investment from a group of investors earlier this month. (more…)

Banks, Hotnews, Mobile-first banks

April 2, 2018

685

Uber applies for e-money license

Ride hailing behemoth Uber has confirmed that it has applied to the Dutch central bank for an e-money license as it looks to broaden its range of consumer-facing services. (more…)

Global trends, Hotnews, Influences FinTech

March 29, 2018

557

RBS to acquire book-keeping software firm FreeAgent

Royal Bank of Scotland is to acquire UK accounting software vendor FreeAgent in a deal that values the firm at £53 million. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews

March 29, 2018

551

Ally Financial Set to Open New Innovation Hub in North Carolina

Private equity firm Silver Lake is buying a $500 million stake in personal finance technology outfit Credit Karma from existing investors. (more…)

Deals, Fintech news, Global trends, Hotnews

March 29, 2018

474

CardUp raises $1.7M to help small businesses get more out of their credit cards

By Catherine Shu for TechCrunch,

CardUp, a Singapore-based startup that enables users to make large, recurring payments by credit card even to recipients that don’t accept cards, has raised $2.2 million SGD (about $1.7 million) led by Sequoia India and SeedPlus. This is CardUp’s first institutional investment round and will be used to expand its business serving small- to medium-sized enterprises. (more…)

Fintech news, Global trends, Hotnews

March 28, 2018

481

Oscar Health raises $165 million at reported $3B valuation

By Darrel Etherington for TechCrunch

Oscar  Health, the startup run by Josh Kushner  (yes, brother of Jared), has raised $165 million at a reported valuation of $3.2 billion, CNBC’s Christina Farr reports. The funding comes from Alphabet’s  Capital G investment company and Verily life sciences corporation, Founders Fund and others. (more…)

Global trends, Hotnews, Insurance

March 28, 2018

539

Raisin moves into investments with ETF portfolios

Berlin-based savings startup Raisin is entering the retail investment market through a tie-up with asset manager Vanguard to add ETF portfolios to its German product offering. Investors can choose between four portfolios made up of ETFs and index funds with an equity share of 30, 50, 70 and 100 per cent respectively and invest in up to 16,000 individual securities globally. (more…)

Analytics, Fintech news, Hotnews, Wealth management

March 27, 2018

610

Yolt pairs up with Monzo

Yolt, the smart thinking money app owned by ING, has integrated with the UK’s biggest challenger bank, Monzo. (more…)

AI / Machine Learning / Big Data, Fintech news, Hotnews, Mobile-first banks

March 26, 2018

411

Ayondo, Singapore’s 1st listed fintech firm, opens trading debut at 24 cents

Global fintech group Ayondo on Monday (March 26) made its debut on the Singapore Exchange’s (SGX) Catalist board at 24 cents apiece – marking the first fintech company to be listed on the Singapore bourse. (more…)

Global trends, Hotnews

March 26, 2018

539

Savings chatbot Plum introduces ethical investment tool

British money management chatbot Plum has launched an investment tool that lets users choose where their money goes. (more…)

AI / Machine Learning / Big Data, Hotnews, PFM/PFP services, Wealth management

March 26, 2018

512

Fintech Circle and Abu Dhabi Global Market prep fintech education courses

By Funding Circle,

Fintech Circle, the leading global community of FinTech entrepreneurs, angel and VC investors, financial services professionals and FinTech thought-leaders and its Fintech Circle Institute, is poised to launch its comprehensive range of Fintech Education Courses for the United Arab Emirates (UAE), in collaboration with Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi. (more…)

Fintech news, Hotnews, p2p/online lending

March 23, 2018

916

50 Big Companies that Started with Little or No Money

Joseph Flaherty, Director of Content & Community at HackerNoon 

There’s a widespread belief among founders that venture capital is a precursor to success. It is true that VC is a common denominator of the most successful tech startups, but it isn’t a prerequisite, especially at the early stages. (more…)

Deals, Fintech news, Hotnews

March 23, 2018

405

The Bank of England: Deputy Governor Announces New Fintech Hub at the “Heart of the Bank”

Dave Ramsden, Deputy Governor of Bank of England, addressed the topic of Fintech within the Bank in a speech today. The presentation saw the banker announce a new Fintech Hub within the Bank following the success of its internal Fintech Accelerator;

(more…)

Banks, Fintech news, Global trends, Hotnews

March 23, 2018

560

Barclays partners seven watch brands for contactless timepieces

 

Barclays has teamed up with seven watch makers, including Guess and Timex, to bring its bPay wearable contactless payments technology to the masses. (more…)

Banks, Hotnews

March 19, 2018

570

488

Abra rolls out support for 20 cryptocurrencies and 50 fiat currencies

By Abra,

Abra, is now the first and only all-in-one app allowing users to buy, sell and hold across 20 cryptocurrencies and 50 fiat currencies. Users can exchange across any currency with no deposit or exchange transaction fees, at any time with no limitations. (more…)

Cryptocurrencies, Global trends, Hotnews

March 16, 2018

425

Robinhood to gain $5.6 billion valuation on new funding – WSJ

Fee-free stocktrading app RobinHood is eyeing an incredible $5.6 billion valuation on the back of a forthcoming fund raising round, according to the Wall Street journal. (more…)

Global trends, Hotnews

March 16, 2018

587

Revolut adds direct debits in Europe

Fintech startup Revolut is slowly making traditional bank accounts irrelevant. The company is adding direct debits in EUR to make it easier to pay for utilities and subscription services. (more…)

Fintech news, Global trends, Hotnews

March 15, 2018

Experian acquires UK’s ClearScore and its financial product matching engine for $385M

By Ingrid Lunden for TechCrunch

While credit-scoring behemoth Equifax continues to work through the fallout from its massive security breach, one of its big competitors is snapping up a startup in the UK to diversify its business. Experian today announced that it is acquiring ClearScore, which has built a platform that — like Experian — offers you a credit score, which it then uses it to suggest financial products like credit cards that fit the bill, so to speak. Experian is acquiring ClearScore for £275 million ($385 million), plus an unspecified earnout based on future performance. The deal is expected to close later this year. (more…)

Deals, Fintech news, Hotnews

March 15, 2018

539

Tandem to buy personal finance app Pariti

UK digital challenger bank Tandem has stepped up its aggregation game by agreeing to acquire personal finance app Pariti. Financial terms have not been disclosed. (more…)

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

March 14, 2018