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Influences FinTech
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510

WTF is banking as a service?

via Tearsheet

Like other industries, banking is in the slow process of moving to the cloud. As this happens, banking functionality is becoming available on demand. By working with a banking as a service provider, any app can bolt on a current account or process payments. This move calls into question what a bank really is and who will function as a user’s primary financial institution. (more…)

Banks, Influences FinTech, Open Source/ API

March 25, 2019

188

Open Banking Is a Reality for Some Commercial Banking Customers

via Accenture 

Open Banking is now a major global initiative. European Union regulations including the second Payment Services Directive (PSD2) are pushing banks to provide access to account information and to make it possible for third-party suppliers of payment services to make direct connections with banks’ customer accounts. (more…)

Analytics, Influences FinTech

March 19, 2019

796

Passbase is building a full-stack identity engine with privacy baked in

via TechCrunch

Digital identity startup Passbase has bagged $600,000 in pre-seed funding led by a group of business angel investors from Alphabet, Stanford, Kleiner Perkins and EY, as well as seed fund investment from Chicago-based Upheaval Investments and Seedcamp.

The 2018-founded Silicon Valley-based startup is building what it dubs an “identity engine” to simplify identity verification online.

Passbase offers a set of SDKs to developers to integrate into their service facial recognition, liveness detection, ID authenticity checks and ID information extraction, while also baking in privacy protections that allow individual users to control their own identity data. (more…)

Deals, Fintech news, Influences FinTech, Security

March 18, 2019

433

Where The UK Fails On Anti-Money Laundering

via PYMNTS

Hundreds of billions of pounds’ worth of criminal funds are laundered through the U.K. each year, while the non-compliant corporations and FIs that enable this receive little more than a “parking penalty” level fine. That’s according to Susan Hawley, Corruption Watch’s director of policy, who explains in this month’s AML/KYC Tracker how weak enforcement, toothless fines and lack of political will to scrutinize foreign investment all stand in the way of a cleaner system. (more…)

Global trends, Government activities, Influences FinTech

March 15, 2019

4794

How the Banking Status Quo is Being Challenged in the Age of Fintech and APIs

 

It’s no secret that digital disruption is challenging the status quo in the banking world. The Digital Banking Asia Summit team spoke with Jeremy Berger, Chief Operating Officer at Arival Bank, a venture-backed digital banking startup for SMEs, to discuss new trends, innovating models, APIs and open banking. Jeremy is also the Portfolio Director of Life.SREDA, one of the first fintech only venture capital funds in Southeast Asia.

Additionally, Jeremy helped create (and now advises) Goldbell Investments, the corporate VC arm of the Goldbell Group, focusing on investments in fintech, mobility and automotive innovations. Prior to joining the venture capital and startup scene in Singapore, Jeremy worked for various fintech startups as well as one of the largest wealth management firms in the US.

(more…)

About, Banks, Hotnews, Influences FinTech, Open Source/ API, People of fintech

December 17, 2018

5762

The First Design Thinking Bank

The story of a London Design Awards winner

As a perfect way to celebrate the end of 2018, Arival Bank came home as winners yet again. This time at DRIVENxDESIGN London Design Awards 2018 – a prestigious award in the field of product, spaces and ‘digital&experience’ design. Since 2014, the Awards’ constant purpose is to “accelerate transformation, celebrate courage and growing demand for design.” The credit for yet another trophy (last month, Arival won Finovate 2018 in Hong Kong and FintechInn in Lithuania) goes to Vladimir Belyakov, Art Director of Arival Bank.

Vladimir’s prior collaboration with Life.SREDA Venture Capital, who would later create the first digital fintech bank for SMEs, started over three years ago. With an impressive portfolio of corporate identity in his back pocket as he developed the globally recognized Life.SREDA brand and Arival Bank thereafter, one of his best projects by far.

This is the story of Arival Bank from Vladimir’s perspective. A story about creativity, constant search for identity, user experience and true teamwork.

(more…)

Banks, Design, Influences FinTech, Interviews

December 11, 2018

Meet the world’s youngest digital bankers: Jeremy Berger (24) & Ollie Purdue (25)

At 24 years old, most people graduate college, consider different careers options and think about what they want to achieve in their professional lives.

But for every rule, there is an exception. Some 24-year-olds run successful businesses. And some even build their own banks.

We know at least two such exceptions: Ollie Purdue (25) and Jeremy Berger (24).

They have at least two things in common: both are young (obviously), and both have co-founded digital banking startups. And most importantly, both entrepreneurs are similar in their innovative and inclusive approach to banking.

(more…)

About, Banks, Influences FinTech, People of fintech, SME

November 27, 2018

3401

The Industry Analyst Evaluation Game

By Brad Feld – managing director at Foundry Group

Originally published at Feld Thoughts.

Over the past 25 years, I’ve invested in many startups that sell products to large enterprises. Many of these companies end up either creating or helping to create a new category. As the startups (or the category) become visible, they inevitably attract the attention of industry analysts, who write reports on the categories and the startups as part of the industry analysts’ business.

(more…)

Fintech news, Hotnews, Influences FinTech

July 13, 2018

How Much Should You Raise in Your VC Round? And What is a VC Looking at in Your Model?

By Mark Suster from UpFront Ventures for his blog

There’s a quick litmus-test conversation any early-stage VC will have with the founder and it’s one that you should be as prepared for as your elevator pitch. It goes something like this …

(more…)

Global trends, Influences FinTech

May 31, 2018

An Overview of Non-fungible Tokens

By Phil Glazer, Investing @ MGV. Previously @KKR_Co & @UCBerkeley

This piece will provide an overview of non-fungible tokens, including what they are, how they work, what they enable, and why they matter.

(more…)

Global trends, Influences FinTech

April 10, 2018

1235

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

Braintree Extend launches

By Braintree,

World-class commerce experiences are increasingly dependent upon partnerships. Whether it’s partnering with a payments service provider, a rewards platform, a content platform, a social platform, or even other merchants, the goal for many is the same: optimize the user experience and help drive growth for your business. (more…)

Fintech news, Global trends, Influences FinTech, Payment processors/providers/gateways

March 28, 2018

1052

Monzo given go-ahead to ‘passport’ banking licence to Republic of Ireland

By Steve O’Hear for TC

Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, has announced the first step in its plans for international expansion with news that is has regulatory approval to operate in the Republic of Ireland. (more…)

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

February 14, 2018

3446

Content Discovery: Solving The Problem Of Information Overload

By Dmitriy Solodkiy, data scientist and blockchain evangelist at NVB

Cram them full of non-combustible data,

chock them so damned full of ‘facts’ they feel stuffed,

 but absolutely ‘brilliant’ with information.

 Then they’ll feel they’re thinking,

they’ll get a sense of motion without moving.

And they’ll be happy,

 because facts of that sort don’t change.”

Ray Bradbury, Fahrenheit 451

(more…)

Columns, Global trends, Hotnews, Influences FinTech

January 18, 2018

1119

Crypto Finance applies for Swiss banking licence

Virtual currency investment firm Crypto Finance has closed a EUR13 million capital raise to fund an application for a Swiss banking licence. (more…)

Cryptocurrencies, Fintech news, Influences FinTech

December 20, 2017

1183

Alibaba funds lending startup WeLab to help it break out of China

By Steven Millward for Tech in Asia

Lending startup WeLab is flush with cash today after announcing US$220 million in its latest funding round. It operates WeLend in Hong Kong and Wolaidai in mainland China. (more…)

Deals, Global trends, Influences FinTech

November 13, 2017

7792

We are looking for a bank in the US to buy

Hello everyone!

If you are the owner of a small or medium-sized bank in the US and are ready to sell it completely (or partially) – write to me: Slava Solodkiy, slava@ariv.al. (more…)

Banks, Global trends, Hotnews, Influences FinTech

November 7, 2017

3440

Life.SREDA VC launches the BB Fund, a $200M blockchain fund

Singapore’s Life.SREDA VC launches a $200 million venture capital fund, named Based on Blockchain or BB Fund. The Fund will invest in fintech and blockchain companies by acquiring and holding equity and/or tokens.  The BB Fund is targeting a minimum of $50 million for the first closure in Q4 2017 from a limited number of accredited investors; with a hard cap of $200 million. (more…)

Blockchain, Global trends, Hotnews, Influences FinTech

October 31, 2017

1260

What I Learned From Reading Every Amazon Shareholders Letter

By Li Jiang for his blog, Angel investor + VC;

A new mentor of mine suggested I read Jeff Bezos’ Letter to Shareholders to refine my thoughts around building a career and a business.

So I read them all dating back to 1997 and here are my takeaways: (more…)

Columns, Influences FinTech

October 18, 2017

1424

Manifesto of the crypto/ICO-community

By Slava Solodkiy, Managing Partner at Life.SREDA

Stop blaming blockchain/crypto/ICO community – better join&help us! (more…)

Columns, Influences FinTech

October 16, 2017

4036

Singapore is on the way to blockchain-based digital KYC

Igor Pesin, Life.SREDA VC

In “Identity is the New Money”, Dave Birch, a founding director of the specialist consultancy Consult Hyperion, lays out the extraordinary change in how we think about both identity and money that new technologies — especially mobile phones — are making possible. “We need intermediaries to manage, and money is one of them. If, however, technology gives us back that shared memory, then we don’t need intermediaries to enable transactions. It becomes what some people call a “reputation economy”.” And this reputation can be broken if we can’t create new tech advanced solutions to keep our personal data really safe. (more…)

Hotnews, Influences FinTech, Security

October 5, 2017

2638

The brand new fancy book about fintech

By Vladislav Solodkiy, Managing Partner at Life.SREDA

Why you should hire an artist to build fintech bank?

The First Fintech Bank’s Arrival

You can buy for 9,99$ on Amazon or download for free on www.ariv.al. (more…)

Global trends, Hotnews, Influences FinTech

September 26, 2017

1496

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

Monzo Teams Up With Deliveroo For New “Split the Bill” Feature

Crowdcube success and fintech company Monzo announced it has teamed up with Deliveroo for a new feature, Split the Bill. Deliveroo designer, James Storer, revealed details about the new app feature:

“At Deliveroo, ‘split the bill’ is probably one of our most requested features, and it’s been on our roadmap since I joined the company over two years ago. In that time, we’ve done email surveys, phone interviews and multivariant tests to try and definitively prove its worth. We also ran a really cool user research session by inviting a group of friends to our research lab (set up to look like a living room) and asking them to relax, watch Netflix and play video games while placing an order. This let us observe their group ordering habits and see how they split the cost between themselves.”

(more…)

Banks, Fintech news, Global trends, Influences FinTech, Mobile-first banks

September 13, 2017

Doing The Heavy Lifting

By Fred Wilson from Union Square Ventures

Most venture capital investments are made, over time, by syndicates. This means a group of venture capital firms develops around a company, usually built over multiples rounds. Some of the firms in the syndicate agree to (or require) having a partner from their firm join the Board of the company. (more…)

Fintech news, Global trends, Influences FinTech

June 26, 2017

1062

Open banking rules to trigger new wave of challengers

Tech companies, retailers and price comparison websites could become major banking brands says Deloitte on the release of research which reveals that a significant number of consumers who already use mobile banking would be willing to share data with traditional retailers. (more…)

Banks, Global trends, Hotnews, Influences FinTech

June 20, 2017

Buyer Beware

 

By Fred Wilson from Union Square Ventures for his blog

I got this question on Twitter yesterday:

(more…)

Columns, Influences FinTech

June 14, 2017

1535

Only banks that become ‘digital houses’ will survive forthcoming disruption – BBVA chief

By BBVA

BBVA chairman Francisco González says that banks need to shed their past and image as ‘incumbents’ and transform into new digital technology companies if they are to prosper in a banking environment dominated by technologically astute competitors. (more…)

Banks, Hotnews, Influences FinTech

June 8, 2017

1338

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

This Is What Democracy Looks Like

Following is a beautiful and brilliant TED talk by Anthony D. Romero, the executive director of the ACLU. It’s definitely worth 12 minutes of your life to watch.

(more…)

Fintech news, Global trends, Influences FinTech

June 6, 2017