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191

Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdown

Warren Buffett, arguably the world’s most successful and respected investor, has issued a scathing assessment of cryptocurrencies and predicted a “bad ending” for the current bitcoin boom. (more…)

Cryptocurrencies, Fintech news, Global trends

January 12, 2018

392

Fintech leads the way as investment in UK tech firms doubles in 2017

As Brexit negotiations grind on, London’s fintech sector remains a hotbed of investment activity, capturing the lion’s share of a £2.99 billion venture capital splurge on UK tech firms. (more…)

Fintech news

January 9, 2018

175

Capital One acquires machine learning consultancy Notch

Capital One has acquired machine learning consultancy Notch as part of a progressive effort to develop data-driven products and services for its customer base. (more…)

Banks, Fintech news, Global trends

January 9, 2018

Overstock leads $2.2 million funding round in blockchcain voting platform Voatz

Voatz, a mobile focused election voting and citizen engagement platform, announced today that it has raised over $2.2 million in seed round funding led by Medici Ventures with participation from the Urban Innovation Fund and Oakhouse Partners. (more…)

Blockchain, Fintech news, Global trends

January 9, 2018

170

Alkami raises $70 million for mobile banking software

By Katie Roof for techcrunch

There’s a startup in Texas that’s been quietly building the technology that powers mobile banking apps. (more…)

Fintech news, Mobile payments/banking

January 9, 2018

Telegram plans multi-billion dollar ICO for chat cryptocurrency

By Mike Butcher for Techcrunch

Encrypted messaging startup Telegram plans to launch its own blockchain platform and native cryptocurrency, powering payments on its chat app and beyond. According to multiple sources which have spoken to TechCrunch, the “Telegram Open Network” (TON) will be a new, ‘third generation’ blockchain with superior capabilities, after Bitcoin and, later, Ethereum paved the way. (more…)

Cryptocurrencies, Fintech news, Global trends

January 9, 2018

569

Looking for signs the Bitcoin panic is over

A remarkable 2017 for Bitcoin turned into stomach-churning terror for investors just before the holiday weekend when the cryptocurrency had its worst week of trading in four years. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

December 26, 2017

344

Waves establishes presence in Amsterdam

Waves begins its global expansion with a permanent presence in Amsterdam as well as Moscow, thanks to its strategic partnership with Primalbase. (more…)

Blockchain, Fintech news, Global trends

December 26, 2017

829

4 AI Use Cases in Fintech in 2018 according to PwC and Gartner

According to Gartner, by the end of 2020, 20% of citizens in developed nations will use AI for everyday operational tasks and a whopping 85% of CIOs (Chief Information Officers) will be piloting AI programs for their organizations through buy, build and outsourcing efforts. By the end of 2018, use of AI is predicted to be widespread through commonly used applications like cloud office suites.

(more…)

Fintech news, Global trends

December 26, 2017

488

Japanese and Korean banks to test RippleNet for cross-border funds transfers

Japanese and Korean banks are to run pilot trials of real-time cross-border funds transfers over the Ripple network. (more…)

Banks, Blockchain, Deals, Fintech news, Hotnews

December 22, 2017

393

Savings app Chip raises £1.1 million on Crowdcube

Chatbot savings app Chip has crashed through the £1 million barrier in a crowdfunded effort to raise funds to apply for a banking licence. (more…)

Banks, Fintech news, Global trends

December 22, 2017

393

North Korea Accused of Hacking South Korean Bitcoin Exchange Youbit

Earlier this week, major South Korean Bitcoin exchange Youbit suffered a large-scale security breach that led to the theft of one fifth of user funds. (more…)

Cryptocurrencies, Fintech news, Global trends, InspirAsia

December 22, 2017

257

Ant Financial, Didi, and Xiaomi named top 3 Chinese unicorns, says Hurun Report

The Hurun Research Institute released today the Hurun Greater China Unicorn Index 2017, where Ant Financial, Didi Chuxing, and Xiaomi top the chart. The report listed out 120 best unicorns in the Greater China region that are valued over $1 billion as of the end of November 2017. (more…)

Fintech news, Global trends, Hotnews, InspirAsia, SME

December 22, 2017

399

Exclusive: Telegram to Release Blockchain Platform, Native Cryptocurrency

By David Dinkins

The popular encrypted messaging app Telegram will launch its own Blockchain platform and cryptocurrency, according to sources familiar with the matter. The new platform will be dubbed either “The Open Network” or “Telegram Open Network” (TON) and is supposed to be based on an improved version of Blockchain technology. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

December 22, 2017

308

Our blockchain future: 3 takeaways from TechCrunch Shanghai 2017

By John Artman for TechNode

When I first read Ray Kurzweil’s The Age of Spiritual Machines (I actually had no idea what it was the time, but was on a “spiritual” kick when I found it), I suddenly realized that much of what I had read by William Gibson, Neal Stephenson, and other science fiction authors could actually come to pass. Kurzweil’s book made me realize that much of what I had been reading since middle school was actively being worked on: Science fiction was quickly becoming science fact. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

December 22, 2017

228

Ripple Ramps Up Focus On Blockchain Infrastructure

Blockchain technology firm Ripple is ramping up its focus on distributed ledger infrastructure at a time the company said many are more concerned with bitcoin. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

December 22, 2017

309

eToro to Build Blockchain-Based Social Trading Products in Partnership with CoinDash

by David Penn for Finovate

With bitcoin futures hitting the market this week, we should have guessed that the social trading innovators at eToro would find a way of further leveraging their unique approach to trading to the burgeoning bitcoin market. And so we were pleasantly not surprised to learn that eToro has partnered with cryptocurrencyportfolio management specialist, CoinDash, to develop a suite of blockchain-based products for social trading. (more…)

Blockchain, Fintech news, Global trends, Hotnews

December 20, 2017

244

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

270

Insurtech Lemonade Raises $120 Million in Round led by SoftBank

Prominent Insurtech firm Lemonade is having a pleasant Holiday season following the announcement they have raised $120 million to fuel platform growth. The funding round was led by SoftBank, a group that has been highly active in the Fintech sector. Valuation was rumored to be over $500 million. Lemonade last raised funding a year ago with a $34 million Series B led by General Catalyst and included the participation of GV (aka Google Ventures), Tusk Ventures and Thrive Capital. (more…)

Deals, Fintech news, Global trends, Hotnews, Insurance

December 20, 2017

168

PayPal backs pan-European savings deposit marketplace Raisin

By Steve O’Hear for TechCrunch

Raisin, the savings deposit marketplace that lets you shop for a better interest rate across Europe, has picked up backing from PayPal. Described as a “strategic investment,” the new funding round remains undisclosed. (more…)

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

December 20, 2017

1125

ICO toxic culture: How Tony Hsieh can help ICO-investors with DueDil

Vladislav Solodkiy, managing partner at Life.SREDA, Singapore-based fintech VC, and author of The First Fintech Bank’s Arrival book.

To my great embarrassment, I read “Delivering Happiness” by Tony Hsieh (CEO and ex-owner of Zappos, which was sold for $1,2B to Amazon) only at the beginning of 2013, although it was published in 2010. Filled with its very special “chemistry” and energy, the book describes a journey of this entrepreneur from its very beginning. Basically, the book is about corporate culture and values that unite employees. It illustrates that meeting not only functional needs, but also intellectual, spiritual and aesthetic needs of customers is more important than the chase for money. Money comes as the result of this approach. In June of 2013 my team and I visited Tony Hsieh at Zappos’ headquarters. Later some of our portfolio companies also visited Zappos. (more…)

Columns, Fintech news, Global trends, Interviews

December 19, 2017

254

Singapore’s 10 best-funded startups this year

Southeast Asia’s tech firms saw a record US$8.6 billion in disclosed funding in 2017, obliterating last year’s US$2.6 billion, according to the Tech in Asia Database. The region defied slowdowns in China and India’s tech industry. (more…)

Deals, Fintech news, Global trends

December 18, 2017

FinTech Australia & FinTech Indonesia Sign MOU in Collaboration Push

FinTech Indonesia and FinTech Australia have signed a memorandum of understanding (MOU) in a move designed to propel the mutual development of Fintech in both jurisdictions. FinTech Australia is the leading voice of the emerging Fintech industry in Australia. The group is actively engaged with both public sector participants and the Australian government to help promote innovations in finance. FinTech Indonesia is a national association that strives to bring together companies and institutions of financial services sector actors who use technological advances in running their business. The MOU was described as a “landmark agreement” as both parties seek to exchange talent, expertise while aiding Fintech company expansion in each country. (more…)

Fintech news, Government activities

December 18, 2017

Do good companies ICO?

(more…)

Blockchain, Cryptocurrencies, Fintech news

December 18, 2017

236

Tradeshift partners with Infosys BPO

By Tradeshift

Tradeshift, the world’s largest business commerce platform, today announced a partnership with Infosys BPO, the Business Process Outsourcing subsidiary of Infosys Limited (INFY). (more…)

Fintech news, Global trends

December 13, 2017

233

PayPal joins $17.5 million round in Simility

By Smility

Today we announced our latest funding round of $17.5M to keep pace with explosive company growth. (more…)

Deals, Fintech news, Global trends

December 13, 2017

268

Baidu’s new diagnosis service makes sure your site works perfectly in China

Youku instead of YouTube, WeChat rather than Twitter, Baidu over Google. These are just a few of the tips for any foreign website aiming for a Chinese audience. To give a more holistic view for those who are hoping to bypass the “Great Firewall”, Chinese search giant Baidu is rolling out a new service in Japan which offers website operators a pre-evaluation to determine whether their site is optimized to run in China, Japanese media Nikkei Asian Review is reporting. (more…)

Fintech news, Global trends

December 13, 2017

Credit Agricole and Wirecard forge e-payment and acquiring partnership

By Wirecard

Crédit Agricole Payment Services and Wirecard announced today that they have signed a letter of intent to enter into exclusive negotiations to conclude a partnership to offer an innovative and differentiated service offering based on a high-performance technology in the field of electronic payment acceptance and acquiring. (more…)

Fintech news

December 11, 2017

243

The Anatomy of a Marketplace

By Leah Busque, Engineer -> entrepreneur -> early-stage investor

Marketplaces as Living, Breathing and Complex Organisms

On the surface, marketplaces seem fairly straightforward — you match supply and demand to make the marketplace work. But, in reality, marketplaces are anything but simple: successful marketplaces are built upon multiple complex systems that are connected and intertwined. In this way, they are akin to living, breathing organisms. (more…)

Fintech news

December 11, 2017

155

SoFi Completes $769 Million Student Loan Securitization; Brings Total ABS Issuance to $6.9 Billion in 2017

On Friday, online lending platform SoFi announced that it has closed its $769 million SoFi Private Student Loan notes (SoFi 2017-F). The lender revealed that the closing marked its 12th ABS transaction this year and brings the total amount of ABS issuance to $6.9 billion. (more…)

Fintech news

December 11, 2017