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The Bustling IPO Market Of 2017

By Tomasz Tunguz from Redpoint Ventures

Five months into 2017 nine venture-backed technology companies have gone public compared to 14 in 2016. Four consumer companies and five enterprise companies have popped on average 29% since their IPO pricing. Only two, Carvana, an online used car dealer, and Netshoes, a Brazilian ecommerce company have traded down from their IPO pricing. The other seven have demonstrated the broad public investor demand for new offerings. (more…)

Columns, Global trends, Hotnews, Influences FinTech

May 24, 2017

SoftBank Vision Fund Now Over $93 Billion

By Crowdfund Insider

The SoftBank Vision Fund announced its first major close yesterday with over U.S. $93 billion of committed capital. (more…)

Deals, Hotnews, Influences FinTech, InspirAsia

May 22, 2017

Google CEO just announced that Android has 2 billion users

BY NICOLE GALLUCCI for Mashable

Google’s CEO, Sundar Pichai, kicked off the company’s big event by making a huge (and somewhat surprising) announcement about Android usage — according to Pichai, there are now 2 billion active Android users worldwide.  (more…)

Global trends, Hotnews, Influences FinTech

May 22, 2017

243

WeChat just launched a search engine. Baidu should worry.

By TIA

Chinese search giant Baidu has had it good. For years, the tech firm has enjoyed a near monopoly of the country’s multi-billion dollar search market. Domestic competitors Sogou and Easou trail behind, each with less than 10 percent market share. Google, its most threatening rival overseas, withdrew from China in 2010, citing hacks by the Chinese government. (more…)

eWallets, Global trends, Influences FinTech, InspirAsia

May 18, 2017

120

Facebook just got hit with a $122 million fine over WhatsApp

By MD for Fast Company

The €110 million fine was levied by the European Commission over Facebook’s acquisition of WhatsApp in 2014. The EC said Facebook had provided “incorrect or misleading information” when it said it wouldn’t be able to link the profiles of users on WhatsApp and Facebook. (more…)

Deals, Global trends, Hotnews, Influences FinTech

May 18, 2017

148

As VCs pivot from lenders, case for deposit-side fintech is less clear

By American Banker

Companies that aggregate consumers’ financial lives are having a moment. (more…)

Deals, Global trends, Influences FinTech, People of fintech

May 15, 2017

179

Former Citi Chairman and Asia Pacific CEO Shirish Apte invests in fintech startup Invoice Bazaar

by e27.com

Invoice Bazaar Supply Chain Finance platform connects large buyers with SME suppliers which enables them to avail early payment on their receivables (more…)

Global trends, Hotnews, Influences FinTech, InspirAsia, People of fintech

May 9, 2017

Innovate Finance publishes sandbox consultation report

By Innovate FInance

Findings of the Industry Sandbox Consultation have been published today. (more…)

Government activities, Influences FinTech, InspirAsia, RegTech

May 9, 2017

155

Square reports $462 million in Q1 2017 revenue, gross payment volume of $13.6 billion

By Ken Yeung for Venture Beat

Square’s ($SQ) first quarter 2017 earnings are out, revealing that it generated total net revenue of $462 million, a 22 percent annual increase and an earnings per share loss of $0.04. It continues to see its gross payment volume increase, coming in at $13.6 billion — a 33 percent year-over-year increase, but a drop from last quarter’s $13.7 billion. (more…)

Fintech news, Hotnews, Influences FinTech, POS/mPOS and online acquiring

May 4, 2017

163

Facebook passes 1.94 billion monthly users, 1.28 billion that use it daily

By Ken Yeung for Venture Beat

Facebook ($FB) has released its first-quarter 2017 earnings and revealed that it’s inching ever so close to having 2 billion people worldwide use the social network. It now counts 1.94 billion monthly active users, an 18 percent increase from a year ago. And 1.28 billion people use the service daily, making up 66 percent of the monthly count. (more…)

Global trends, Hotnews, Influences FinTech

May 4, 2017

164

API Strategy: Partner API’s

By Dharmesh Mistry – Temenos for Finextra

Like an Extranet, Partner API’s are limited to specific parties, often for a very specific purpose like providing a product / service. (more…)

Fintech news, Hotnews, Influences FinTech, Open Source/ API

May 3, 2017

306

Lloyds partners Microsoft to pilot facial recognition access to online banking

Lloyds is teaming up with Microsoft to pilot the use of fingerprint and facial recognition technology for online banking logins on Windows 10 devices. (more…)

AI / Machine Learning / Big Data, Banks, Global trends, Hotnews, Influences FinTech

April 18, 2017

135

Simple said to drop 0.7% of its customers in transition snafu

By Brian Patrich Aha for American Banker

A recent fumble in transitioning accounts from its old partner bank to its current one has left Simple scrambling to mollify distressed customers. (more…)

Influences FinTech, Mobile-first banks

April 18, 2017

358

What’s in it for Me? Real Estate Investment Technology

By Julie Muhn for Finovate

For those looking to diversify out of the stock market and into asset-backed or alternative investments, real estate has long been a popular choice. In 2014, things changed significantly for these investors; historically if they didn’t have $40,000 for a down payment on an investment property loan or $4 million to spend on commercial property development, they would be out of luck. Recently, however, we seen successful startups looking to lower the barrier to entry for novice real estate investors. (more…)

Crowdfunding/investing, Global trends, Hotnews, Influences FinTech

April 18, 2017

194

Kabbage Co-Founder & Head Fintecher Kathryn Petralia: Power Lending, Predictions & Progress

By

“Fintech, online lending, AI and privacy are complicated issues, so we’ve created innovative solutions and approaches that D.C. embraces once they understand them. Our message to Washington is: call us! We have someone to translate tech speak and “bureaucratese” for all of Washington’s questions.”

(more…)

Hotnews, Influences FinTech, p2p/online lending

April 16, 2017

217

Simple is closing some customer bank accounts, and users are mad as hell

by  for techcrunch.com

Simple, the online banking service that promised to be a better alternative to big banks like Chase or Citibank, is falling short of some users’ expectations. This time, it comes as a result of the sudden and surprising notice customers received alerting them that their accounts would be closed next month. (more…)

Fintech news, Hotnews, Influences FinTech, InspirAsia, Mobile-first banks

April 16, 2017

235

Insurtech has a growing role in Pakistan, and it can change lives through better financial smarts

ByMuhammad Waqar Asghar for e.27

In Pakistan, insurance is now becoming even more accessible to the market, thanks to the ongoing digital transformation, which can help grow the industry and improve coverage for customers (more…)

Global trends, Influences FinTech, InspirAsia, Insurance

April 13, 2017

311

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

304

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

177

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

221

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

496

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

155

BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel

BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel. (more…)

Banks, Deals, Global trends, Hotnews, Influences FinTech, Mobile-first banks

April 5, 2017

318

InsurTech: The future of insurance is in partnerships

2016 was all about InsurTech: cash flowed in, the incumbents sat up and took notice, and a slew of start-ups arrived on the scene to grab the insurance industry by the shoulders and give it a good shake. Now, as the hype subsides, FinTech Futures have launched InsurTech Bytes podcast series, inviting John Egan, strategy practice lead at Anthemis, Dan Smith, Managing Partner at Exponential Ventures, and Jannat Shah, Associate at AXA Strategic Ventures to chew the fat on all things InsurTech: where’s the smart money heading? Why should the big players partner with start-ups? What effect is Brexit having on InsurTech VCs? (more…)

Global trends, Hotnews, Influences FinTech, Insurance

April 5, 2017

114

JPMorgan’s head of new technologies hired by Lending Club

JPMorgan Chase & Co.’s head of new technologies has been hired by Lending Club Corp. as the peer-to-peer lending pioneer seeks to rebuild business following a scandal over its corporate controls. (more…)

Banks, Global trends, Influences FinTech

April 5, 2017

681

Life.SREDA – Money of the Future 2016 is out!

By Life.SREDA,

You can download it here

This time has come: VC investments into FinTech industry have not grown globally and the market has almost reached its saturation point in 2016. (more…)

Global trends, Hotnews, Influences FinTech

April 2, 2017

175

203

MUFG joins Ripple’s Global Payments Steering Group

MUFG’s banking arm The Bank of Tokyo-Mitsubishi UFJ (BTMU), the third largest bank in the world and largest bank in Japan, publicly announced today that it is joining Ripple’s Global Payments Steering Group (GPSG). (more…)

Banks, Deals, Global trends, Hotnews, Influences FinTech

April 1, 2017

1446

60% more fintechs were funded by banks

Vladislav Solodkiy, Managing partner, Life.SREDA

Last year was marked by an active “flirting” of traditional banks with fintech. American banks are past “abruption” and “ignoring” phase – more and more they invest in startups, open APIs and their platforms for third-party developers. (more…)

Banks, Fintech news, Hotnews, Influences FinTech

March 30, 2017

316

Jack Ma’s Ant Financial to build an open marketplace for finance products

By Eva Xiao for TechinAsia.

Jack Ma’s multi-billion-dollar empire is built on open marketplaces. First, there was Taobao, ecommerce giant Alibaba’s first success – a bazaar-like platform that let individuals and small shopkeepers sell to one another. Then came Tmall, the B2C version of its predecessor. (more…)

Deals, Global trends, Hotnews, Influences FinTech

March 30, 2017