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Influences FinTech
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606

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

373

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

829

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

495

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

466

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

540

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

533

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

534

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

332

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

465

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

712

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

373

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

582

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

266

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

1521

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

438

451

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

2005

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

542

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

475

Monzo attracts largest-ever crowd for £2.5 million round

Digital challenger bank Monzo has completed its £2.5 million crowdfund raise, attracting a record-breaking 6500 investors to the funding round on Crowdcube. (more…)

Deals, Hotnews, Influences FinTech, Mobile-first banks, PFM/PFP services

March 30, 2017

534

Financial Markets Expert: Blockchain Will Eliminate Cash

First appeared at CryptoCoins News

Dr. Philippa (“Pippa”) Malmgren, the founder of DPRM Group, a London-based company that helps companies, investors and policymakers better understand how risk and prices move across the economic landscape, said blockchain signals the end of cash during the recent Cayman Alternative Investment Summit. (more…)

Blockchain, Cashless, Global trends, Influences FinTech

February 28, 2017

758

Here’s Why This Top VC Says Amazon Is Set to Rule the Fintech Game

By Jeff John Roberts for Fortune

If any technology company makes a major move into payments and banking, the most obvious candidates are Apple (AAPL, +0.36%) and Google (GOOG, -0.18%). After all, both have a lot of experience thanks to the Apple Pay and Google Wallet functions, and both have already persuaded hundreds of millions of customers to share their credit card information. (more…)

About, Fintech news, Influences FinTech, Mobile payments/banking

February 16, 2017

739

Bundesbank President: FinTech Needs Greater Regulatory Oversight

By CryptoCoins news

Bundesbank President Jens Weidmann has expressed that FinTech requires more regulatory oversight because of its potential to threaten financial stability and the banking sector. (more…)

About, Banks, Blockchain, Fintech news, Government activities, Influences FinTech

January 27, 2017

725

Virtual reality banking? Now that IS science fiction.

By Finextra

Virtual Reality

Back in early February 2016, Facebook uploaded a photo of CEO Mark Zuckerberg walking through what seemed like an army of VR headset wearing drones. The overall look and feel of the picture has been dubbed ‘disturbingly Orwellian’, but it’s easy to see why VR headsets are becoming so popular. By 2020, according to the study conducted by the Analysis Group and commissioned by Facebook, $14.6 billion in revenue is due to come from Virtual Reality based technology. That’s based on low adoption rates. It could be as high as $126 billion. (more…)

Banks, Fintech news, Global trends, Influences FinTech

January 24, 2017

575

What Do the Tech CEOs from Trump’s Sitdown Think of Bitcoin?

By Justin OConnell for CryptocoinsNews

Donald Trump met with tech executives last week.  Trump transition team member, billionaire technologist Peter Thiel, whose oversees funds with Bitcoin investments, sat to the president-elect Trump’s left. Incoming Vice President Peter Thiel was on the president-elect’s right. At one point Mr. Thiel, with money in startups like BitPay, and Mr. Trump embraced hands. (more…)

Blockchain, Cryptocurrencies, Fintech news, Influences FinTech

December 22, 2016

502

Fidor Bank and Token sign MoU

By Finextra

Germany’s Fidor Bank is to integrate software from Silicon Valley-based Token into its banking-as-a-service middleware layer, providing an API-based ecosystem designed to help banks monetise their investment in the revised EU payment services directive, PSD2. (more…)

Fintech news, Global trends, Influences FinTech

December 20, 2016

896

Why “Flight To Quality” Is The New IPO: An Interview With David Blumberg

By Murray Newlands for Forbes

Veteran investor David Blumberg, Founder and Managing Partner of Blumberg Capital, has seen over 25 years of exits and acquisitions. Blumberg’s early-stage venture capital firm just had a win in the IPO of Nutanix, a cloud-based data center technology company that combines computing, storage and networking. Nutanix enables companies — Best Buy, eBay, Honda and Toyota among them — to utilize “private clouds,” keeping chosen data in-house and sourcing other pieces to the cloud. (more…)

Deals, Fintech news, Global trends, Influences FinTech, Interviews

December 11, 2016

650

Peter Thiel taps a principal at Founders Fund for Trump’s transition team

By   for TechCrunch

Peter Thiel is famously loyal to his employees and vice versa. Many of the dozens of people employed by his venture firm, Founders Fund, once worked for Thiel at his hedge fund, Clarium Capital. He even cofounded a late-stage venture firm, Mithril Capital, with one former Clarium managing director, Ajay Royan. (more…)

Government activities, Influences FinTech, news

November 26, 2016

744

What Asia Can Learn From Africa To Succeed in Fintech For Unbanked?

, managing partner at Life.SREDA VC, for Fintechnews Singapore

Facebook is currently considering acquiring mobile money giant M-Pesa in Kenya.

One month ago Visa payments network introduced a mobile-phone application to enable cashless transactions in Kenya too. The mVisa app will initially facilitate transactions for people with accounts at four banks. Africa had 557 million mobile-phone users at the end of 2015, according to the GSM Association. (more…)

About, Hotnews, Influences FinTech, InspirAsia, Mobile payments/banking, p2p/online lending

November 14, 2016

613

How Fintech will revolutionise finance in the next decade: The Disruptive Group’s Huy Nguyen Trieu

By Isabel Audrey Lim for e27

Huy is currently the CEO of The Disruptive Group, a business builder and advisory firm in finance. The firm aims to build and help the next generation of large-scale financial companies by combining a good understanding of financial services and technology disruption. (more…)

About, Global trends, Influences FinTech, InspirAsia, Interviews

November 7, 2016