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Winners of MAS Global FinTech Hackcelerator, FinTech Awards and Investor Summit at Singapore FinTech Festival

The world’s largest FinTech Festival took place in Singapore on November 13-17 and was attended by more than 25,000 participants from over 100 countries. (more…)

Fintech news

November 21, 2017

BNP Paribas picks Fenergo for client lifecycle management

Fenergo, the industry standard for Client Lifecycle Management (CLM) solutions for Corporate & Institutional, Business & Commercial, and Private Banks, has today announced a signed deal with BNP Paribas. (more…)

Banks, Fintech news, Global trends, Hotnews

November 21, 2017

PayPal integrates micro-investing app Acorns

In its latest stab at expanding beyond payments, PayPal is entering the savings market through an integration with micro-investing app Acorns. (more…)

Fintech news

November 21, 2017

Japanese pawn shop app Cash acquired for $62.2M by DMM

DMM, one of Japan’s largest Internet and e-commerce conglomerates, announced today that it will pay 7 billion yen (about $62.2 million) for pawn shop app Cash. Launched this summer, Cash’s software automatically appraises an item’s value based on user photos and offers a cash advance with it as collateral. (more…)

Deals, Fintech news, Global trends, InspirAsia, SME

November 21, 2017

130

Singapore and Philippines ink fintech agreement

By MAS

The Bangko Sentral ng Pilipinas (BSP) and the Monetary Authority of Singapore (MAS) today signed a FinTech Co-operation Agreement (CA) to promote innovation in financial services in their respective markets. (more…)

Fintech news, Global trends, Government activities

November 18, 2017

144

Switzerland-Based Fintech Crealogix Announces Asia/Pacific Region Expansion

On Wednesday, Switzerland-based CREALOGIX announced it is expanding business actives in the Asia and Pacific region. The company reported that with this expansion it will be able to cooperate with established local partnerships, including business and tech financial service provider, Cognizant. CREALOGIX noted that in addition to regional retail banks and rising financial services providers, it also supports European private banks in the implementation of software solutions specifically for the Asian market. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

November 18, 2017

135

Chinese Fintech Jianpu Sees Rise in Shares Following U.S. IPO Debut

Jianpu, a unit of Chinese fintech company Rong360 Inc, announced on Thursday the launch of its initial public offering of 22,500,000 American depositary shares (“ADSs”) at a price to the public of US$8.00per ADS for a total offering size of US$180 million. According to Nasdaq, the company experienced a rise as much as 3.8 percent in shares after making its U.S. market debut. (more…)

Fintech news, Global trends

November 18, 2017

Square Now Letting Some Users Buy & Sell Bitcoin Through Cash Mobile App

Financial service company Square is reportedly now testing out bitcoin on some of its Cash mobile app users. The new feature will allow users to buy and sell the cryptocurrency through the app.  (more…)

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

November 16, 2017

Chatbot for banks developer Active.ai raises over $8m in series A round

By Jack Ellis for Tech in Asia

Active.ai has raised US$8.25 million in a series A round co-led by Vertex Ventures, CreditEase, and Dream Incubator, it announced today. (more…)

Bots, Fintech news

November 16, 2017

105

Online Lender Lendix Launches Flexible SME Bridge Loans in France, Spain & Italy

Lendix, online lender for SMEs in continental Europe, has announced the launch of a new financing product: the Flexible Bridge Loan. This product is designed to will allow a greater number of French, Spanish and Italian SMEs to benefit from the speed of execution of Lendix’s lending platform while leaving them the possibility of setting up an overall refinancing solution with other financial institutions. (more…)

Fintech news, Global trends, p2p/online lending

November 16, 2017

InvestCloud adds financial apps to digital platform

By InvestCloud

InvestCloud Inc., a global FinTech firm, has released two new lines of financial apps to run on its digital platform. (more…)

Banks, Fintech news, Global trends, Wealth management

November 16, 2017

Fidelity latest financial firm to facilitate data sharing with fintechs

By Penny Crossman for American Banker

Fidelity Investments is joining the ranks of financial firms sharing customer account data with others through an application programming interface. (more…)

AI / Machine Learning / Big Data, Banks, Fintech news, Global trends

November 14, 2017

158

Why ICO Landscape Has Shifted From ‘Bootstrapped’ Projects

By Nick Ayton for Cointelegraph

With 75% of ICOs now failing the reach their soft cap, the entire market has changed direction. This may also squeeze out the scammers and raise the bar beyond pure start ups entrepreneurs… (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, Hotnews

November 14, 2017

162

Report: Apple is back to being the world’s top wearable maker

By Jon Russel for TechCrunch

Apple is once again the biggest selling producer of wearables after its third-generation Apple Watch, released in September, helped it pip China’s Xiaomi to the post. (more…)

Fintech news, Global trends, Hotnews

November 14, 2017

146

Singapore’s central bank to pour $20m into AI and data as it pushes fintech growth

The Monetary Authority of Singapore (MAS) continues bringing finance and technology closer together, making sure that Singapore’s financial industry doesn’t miss the fintech train. (more…)

Banks, Deals, Fintech news, Government activities, InspirAsia

November 14, 2017

139

Standard Chartered to roll out AI chatbot

Standard Chartered is to launch an AI-powered chatbot to provide clients with natural language assistance in managing money, making payments and analysing their spending. (more…)

AI / Machine Learning / Big Data, Banks, Fintech news, Hotnews

November 14, 2017

118

UOB first in Asia with Fitbit Pay

United Overseas Bank’s (UOB) cardmembers will be the first in Asia to be able to make Fitbit PayTM contactless payments through the new Fitbit IonicTM smartwatch. (more…)

Banks, Bots, Fintech news, Global trends, InspirAsia

November 14, 2017

184

62 Insane Facts About Bitcoin – Infographic

Bitcoin is a virtual currency that uses Blockchain technology for secure payments and storing money electronically, without requiring a bank or a person’s name. Satoshi Nakamoto created this cryptocurrency back in 2009. The biggest advantage of Bitcoin is that it’s not under control of central authority, government or private company, so people are free from paying transaction fees. It can be used for booking a hotel or flight, or purchasing products online, as many online stores and companies accept Bitcoin now.

(more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, Hotnews

November 14, 2017

122

Micro-investing app Acorns acquires Portland’s Vault

By Acorns

Acorns, the country’s fastest-growing micro-investing app with more than 2.2 million investment accounts, has just announced the strategic acquisition of Vault, a Portland-based tech company, which lets customers automatically invest part of their paycheck into a retirement fund. (more…)

Deals, Fintech news, Global trends

November 13, 2017

143

BNP Paribas launches WeChat Pay in Europe

BNP Paribas is introducing WeChat Pay to retailers in France and subsequently across Europe, providing an opportunity for merchants to streamline the shopping experience for the 7.4 million Chinese tourists who visit the continent each year. (more…)

Banks, Fintech news, Global trends

November 13, 2017

239

Digital challenger bank Revolut’s applying for a European banking licence

Digital challenger Revolut is seeking to become an official bank, applying for a licence from the European regulator. (more…)

eWallets, Fintech news, Hotnews, Mobile-first banks

November 7, 2017

201

ArchOver surpasses £50 million lending milestone

ArchOver, the peer-to-peer (P2P) business lending platform, has facilitated over £50 million of lending with no losses or late payments. (more…)

Fintech news, Global trends, Hotnews, p2p/online lending

November 7, 2017

236

Facebook Messenger P2P payments arrive in the UK

British Facebook users can now send money to each other through the social network giant’s Messenger app. (more…)

Fintech news

November 7, 2017

Starling integrates with Yolt

UK money management app Yolt has integrated with Starling Bank, enabling customers of the digital challenger to view their account details alongside those from other providers. (more…)

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

November 7, 2017

Why tokenizing a fund is a good thing

By Carlos Domingo from Spice VC

A few days ago Yannick Roux pointed out a Twitter thread by Gil Dibner suggesting that “tokenizing a VC fund was a deeply flawed” thing to do. As you can imagine, for someone tokenizing a VC fund, that caught my attention right away. I read the entire thread and the few replies from people with interest. I have never heard of or met Gil Dibner before who is a VC himself but then I found out he had actually recently talked with one of my partners at SPiCE VC and has heard about our project. He does not mention us explicitly (although there are not many other people doing what we do out there except Blockchain Capital). Answering a tweetstorm is complicated so I am setting down my thoughts in this post. So here it is. (more…)

Fintech news

November 1, 2017

Remitly closes in on $115m funding round

US mobile money transfer outfit Remitly says it has agreed to raise up to $115 million in a Series D funding round led by PayU, the fintech investment unit of Naspers. (more…)

Fintech news, Global trends, Remittances

November 1, 2017

Lendio Provides More Than $25,000 in Loans to More Than 1,200 Small Business Owners Through Lendio Gives on Kiva

On Wednesday, p2p lending platform Lendio announced it has provided loans to more than 1,000 small business owners around the globe through its Lendio Gives program on Kiva. The online lender stated it gave over $25,000 in loans to over 1,200 small business owners in 75 countries. (more…)

Fintech news

November 1, 2017

238

306

Ant Financial Puts IPO on Hold; Plans More Startups & Artificial Intelligence Investments

Chinese fintech and Alibaba-affiliated Ant Financial revealed this week it is putting its Initial Public Offering (IPO) plans on hold and is now focused on investing in more startups and artificial intelligence (AI). The news of Ant Financial’s plans comes less than a year after the company announced its acquisition of MoneyGram (NASDAQ: MGI), a Dallas-based money transfer service, for $880 million. Ant Financial secured $4.5 billion from private investors in April 2016 and earlier this year, the company reportedly sought to raise $3 billion to help fuel its global expansion. (more…)

Fintech news, Global trends, Hotnews

October 30, 2017

321

London Insurtech Insurdata Secures More Than $1 Million in Seed Funding

Insurdata, London-based insurtech firm that intelligently captures, enhances, scores and transfers high-resolution, peril-specific exposure and risk data, announced this week it has raised more than $1 million in seed financing from investors including Menlo Ventures, Anthemis Baloise Strategic Ventures and Plug and Play.

(more…)

Fintech news, Global trends, Insurance

October 30, 2017