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120

UOB taps Personetics to gain deeper customer insights

United Overseas Bank has invested in Israel-based AI firm Personetics and plans to deploy its cognitive analytic tools to help customers make smarter banking decisions. (more…)

Banks, Fintech news, Global trends, Hotnews

July 20, 2018

Xero selects Gusto as US payroll partner

By Xero,

Xero (ASX:XRO) today announced that Gusto will be the preferred payroll provider for its small business and accountant customers in the U.S. (more…)

Fintech news

July 20, 2018

Early Stage VCs — Be Careful Out There

By Brad Feld, Originally published at Feld Thoughts.

In addition to our own funds, we are investors in a number of other early-stage VC funds as part of our Foundry Group Next strategy. Yesterday, in one of the quarterly updates that we get, I saw the following paragraph.

(more…)

Fintech news

July 20, 2018

113

HSBC Global Head of Digital Says the Bank Is ‘Cautiously Looking’ at Crypto Investment

By Ana Alexandre for Cointelegraph,

Global Head of Digital at HSBC, Josh Bottomley, said that the bank is “cautiously looking” at cryptocurrency use cases, Forbes reported July 19. (more…)

Fintech news

July 20, 2018

100

Fintech Company TrueLayer Raises $7.5M in Funding

TrueLayer, a London, UK-based Open Banking market, financial API platform, raised $7.5m in funding. (more…)

Fintech news, Global trends

July 20, 2018

tZero Extends Security Token Offering Until August 6th

By JD Alios for Crowdfundinsider,

Zero, a subsidiary of Overstock (NASDAQ:OSTK) has extended its ongoing security token offering for individual investors until August 6, 2018. The announcement was shared in an email signed by tZero CEO Saum Noursalehi. (more…)

Fintech news

July 20, 2018

Insurance Technology Sector Overview — Q1 2018

By Venture Scanner,

The insurance technology sector has seen an abundance of activity over the past few years. As we previously analyzed, insurtech funding has shown early signs of maturation and its exit events have seen robust growth.

We will now do a deeper dive of the different components of insurance technology and how they make up this startup ecosystem. We have classified the companies into 14 categories. This blog post will illustrate what these categories are and which categories have the most companies. We will also look at how these categories compare with one another in terms of their funding and maturity.

Insurance Marketplace Is the Largest Insurance Technology Category

Let’s start off by looking at the Sector Map for the insurance technology sector. As of March 2018, we have classified 1503 insurance technology startups into 14 categories that have raised $22 billion. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

(more…)

Fintech news

July 18, 2018

Timing Cashflows of Your Sales Commissions and Your Customers

By Tomasz Tunguz from Redpoint Ventures for his blog

Your sales team is starting to close some terrific accounts. As your startup grows, your sales team will experiment with different sales techniques. For example, qualification, pricing, positioning, incentives and contract structure. This is a wonderful phase for a startup. However, there’s a common mistake to avoid. (more…)

Fintech news

July 18, 2018

Developing Frameworks for ICO Investing

(more…)

Fintech news

July 18, 2018

Yoyo loyalty app reaches one million users

By Yoyo,

Yoyo, the UK’s biggest mobile payments and loyalty marketing platform, has smashed through a milestone by crossing the 1 million user mark – making it one of the fastest growing fintech startups in Europe. (more…)

Fintech news

July 18, 2018

Tradeteq raises $6.3 million

By TradeTeq,

Tradeteq, the trade finance distribution platform, has raised US$6.3mn of equity investment in seed extension funding round, led by ADV. (more…)

Fintech news

July 18, 2018

Tokenised funds to reshape PE/VC fundraising

Initial coin offers (ICOs) and the emergence of tokenised funds — represented by the issue of equity tokens — are set to reshape the dynamics of how private equity (PE) and venture capital (VC) fund managers raise capital, bringing greater transparency and democratisation to the fund management space. (more…)

Fintech news

July 17, 2018

186

JD finds itself in the midst of P2P financing fraud

By Masha Borak for TechNode

E-commerce platform JD.com is facing scrutiny after suspected large-scale fraud has been uncovered involving Feixun (斐讯), a brand sold on JD’s platform. On June 10, a crowd of people that bought Feixun’s products gathered in front of the company’s headquarters in Beijing to protest the platform’s practice saying that they were “victims of P2P finance,” iFeng reports. (more…)

Fintech news

July 16, 2018

195

CEO Problems

By Brad Feld

Originally published at Feld Thoughts.

Recently, I was talking to a CEO of a company I’m on the board of. We were discussing a problem in the category of something new Is fucked up in my world every day (more…)

Fintech news, Global trends, Hotnews

July 16, 2018

Why invest in Fintech? — Monica Brand Engel

Fintech news, Global trends

July 16, 2018

European & Israeli Venture Data 1H18

By Gil Dibner for his blog
A global venture investor. Fascinated by the finance of innovation. Trying to help the few to do the impossible. Investing across Europe + Israel.

A data-driven look at VC investment trends across the geography.

(more…)

Fintech news, Global trends

July 16, 2018

Why Foursquare can change the world

My headline is a bit forward, so let me start by taking a quick step back: I am proud to announce that I am now Chief Revenue Officer (CRO) at Foursquare.

(more…)

Fintech news

July 16, 2018

248

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

292

BPER to implement Meniga PFM suite

By Meniga,

Italian banking group, BPER, has contracted Meniga, the global leader in white-label digital banking solutions, to build its next generation digital banking experience solution. (more…)

Fintech news

July 12, 2018

Intel’s Toxic Culture

by Jean-Louis Gassée for his blog at Medium

Who wants to be Intel’s new CEO? The job description should include the impossible task of undoing a company culture that allowed itself to miss the mobile revolution because it thought it couldn’t afford to participate.

(more…)

Columns, Fintech news, Global trends

July 12, 2018

Money management app Emma announces $600K seed round

By Emma,

London-based Emma Technologies LTD is announcing the closure of a funding round led by Kima Ventures, one of the first investor in Transferwise, and Aglaè Ventures, the early stage fund of the Groupe Arnault, investor in Netflix and Airbnb. (more…)

Banks, Deals, Fintech news

July 12, 2018

173

Barclays opens tech campus in New Jersey

By Barclays,

Barclays today announces the opening of a new campus in Whippany, New Jersey. The state-of-the-art complex is a flagship site of Barclays’ global location strategy, which is designed to enhance the firm’s flexibility and resiliency through the establishment of regional campuses. (more…)

Banks, Fintech news, Global trends

July 11, 2018

Toast Notches $115M In Series D Round

To drive investment in R&D, recruiting and expansion, Toast announced on Tuesday (July 10) that it has raised $115 million in Series D funding. The funding round, which was led by funds and accounts advised by T. Rowe Price Associates, Inc., values the restaurant management platform company at $1.4 billion, the company said in an announcement.

(more…)

Fintech news, Global trends

July 10, 2018

Deeper Dive into the Dynamics of the Seed Market

By Tomasz Tunguz for his blog

Earlier this week, I wrote about the collapse in the number of seed investments. I received many questions about the data, all the same. Why is this happening? This is a deeper dive into the data. (more…)

Deals, Fintech news, Global trends

July 9, 2018

Equifax partners with consents.online for Open Banking

Equifax, the consumer and business insights expert, has formed a strategic alliance with consents.online, a digital consent management and AISP accredited Open Banking platform which for the first time allows UK consumers and small businesses to manage the sharing of their financial information. (more…)

Banks, Fintech news, Global trends

July 9, 2018

Azimo Adds 10 Countries for Nordic Users

For international remittance platform Azimo, the world just became a bit more flat. That’s because the U.K.-based company recently expanded its services to allow customers to send money to 10 more countries.

(more…)

Fintech news, Global trends

July 9, 2018

200

How to Raise Money via IDOs: Initial DICE Offerings

Sponsored post

Over the past couple of years, as cryptocurrencies gained momentum, they rapidly gained the public eye. Although a promising run-up, cryptocurrencies are almost never perceived beyond volatile assets. While blockchain is a revolutionary technology, cryptocurrencies and in particular the ICO funding method suffer from multiple inefficiencies, like exorbitant fundraising costs. Similar is the case with traditional fundraising platforms such as IPO or debt instruments. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 9, 2018

Tokenised funds to reshape PE/VC fundraising

Initial coin offers (ICOs) and the emergence of tokenised funds — represented by the issue of equity tokens — are set to reshape the dynamics of how private equity (PE) and venture capital (VC) fund managers raise capital, bringing greater transparency and democratisation to the fund management space. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 6, 2018

204

Square takes a breather in banking licence battle

Payments processor Square has temporarily suspended its application to the Federal Deposit Insurance Corporation (FDIC) for a special purpose banking licence. (more…)

Fintech news

July 6, 2018

Groupe BPCE introduces instant payments

By Natixis,

Instant Payment allows for the completion of account-to-account payments within 10 seconds. Groupe BPCE’s introduction of this new service – a first in France – offers many advantages for all categories of banking and insurance customers, be they individuals, merchants, companies or administrations. (more…)

Fintech news

July 4, 2018