MENU

Fintech news
Category

Digitised Banking is Now… Digital Banking is the Future

By Kunal Patel – Startupbootcamp/Supercharger FinTech Accelerators

The intention of this short article is not to talk about digital banking being the future, we all know it is and will be. I do feel there needs to be a clear distinction between what we’re seeing now, what we’ll see in the future and terminology. (more…)

Fintech news, Global trends

September 25, 2017

Elevate Report: Too Many Gen-Xers Lack Financial Stability

Elevate (NYSE: ELVT) is out with a report stating that members of Generation-X, the rapidly aging population that followed the Boomers, born between 1965 and 1980, are facing economic challenges that constantly keep them off balance. Yes, Baby Boomers do suck. They Hoovered up all of the public benefits in a spending party and left ensuing generations (Gen-X and onward) riddled with debt and a government populated by nincompoops. Gen-Xers are enjoying now the impact of the Baby Boomer generated hangover (minus the party the night before). (more…)

Fintech news, Global trends

September 25, 2017

120

German central bank flags DLT weaknesses

Deutsche Bundesbank has dampened the blockchain hype, dismissing distributed ledger technology’s prospects in retail payments, at least in the eurozone, and pouring cold water on central bank-issued digital currencies. (more…)

Banks, Fintech news, Global trends

September 22, 2017

107

Database provider MongoDB has filed to go public

By Matthew Lynley for Techcrunch

MongoDB, a database software company based in New York, has filed to go public with the Securities and Exchange Commission as it continues to burn a ton of cash despite its revenue almost doubling year-over-year. (more…)

Fintech news

September 22, 2017

142

Engaging customers: The evolution of Asia–Pacific digital banking

By Vinayak HV, Stuart Kamp, Sergey Khon, and Gillian Lee for Mckinsey Insights

Consumers across the region are adopting digital banking. Our latest study finds banks must act quickly to take full advantage. (more…)

Analytics, Columns, Fintech news, Global trends, Hotnews

September 21, 2017

JPMorgan seeks to banish paper payments with fintech venture

JPMorgan Chase is partnering with another fast-growing technology firm, this time to help business clients eradicate paper checks. (more…)

Banks, Fintech news, Global trends

September 20, 2017

112

SEC shows support for ICOs that are not obviously securities

By Gil Penchina for TechCrunch

The SEC appears to have taken very thoughtful action on two crypto projects to date. Nay-sayers are predicting the end, while proponents of crypto dismiss the actions. (more…)

Fintech news

September 18, 2017

117

Google debuts Tez, a mobile payments app for India

By Ingrid Lunden for Techcrunch

After several weeks of speculation and leaked details, today Google officially unveiled its first big foray into mobile payments in Asia. The Android and search giant has launched Tez, a new mobile wallet in India that will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online, and for person-to-person money transfers. (more…)

Deals, Fintech news, Global trends

September 18, 2017

124

IZettle rolls out invoice service in the UK

By IZettle

iZettle empowers small businesses to grow, helping them accept card and cash payments and manage their business operations, in addition to providing services such as small business funding. (more…)

Deals, Fintech news, Global trends, Hotnews, Mobile payments/banking, POS/mPOS and online acquiring

September 15, 2017

Envestnet/Yodlee debuts AI-based FinCheck Wellness app

By Envestnet / Yodlee

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, is demonstrating its vision of the Artificial Intelligence (AI) FinCheck app at FinovateFall in New York City. (more…)

AI / Machine Learning / Big Data, Analytics, Deals, Fintech news, Global trends

September 13, 2017

Monzo Teams Up With Deliveroo For New “Split the Bill” Feature

Crowdcube success and fintech company Monzo announced it has teamed up with Deliveroo for a new feature, Split the Bill. Deliveroo designer, James Storer, revealed details about the new app feature:

“At Deliveroo, ‘split the bill’ is probably one of our most requested features, and it’s been on our roadmap since I joined the company over two years ago. In that time, we’ve done email surveys, phone interviews and multivariant tests to try and definitively prove its worth. We also ran a really cool user research session by inviting a group of friends to our research lab (set up to look like a living room) and asking them to relax, watch Netflix and play video games while placing an order. This let us observe their group ordering habits and see how they split the cost between themselves.”

(more…)

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

September 13, 2017

Orchard Launches New Platform: Orchard Deals Matches Global Investors & Originators to Boost Online Lending Market

Orchard Platform has rolled out Deals, operated by Orchard Platform Markets, LLC, a wholly-owned subsidiary, SEC-registered broker-dealer, and member of FINRA and SIPC. Deals is a global market where loan originators may discover low cost financing and institutional investors can connect, evaluate, and move forward with multiple transactions. Orchard says this is the next step in their company’s evolution as they continue to provide vital services to the global online lending industry. (more…)

Fintech news, Global trends, p2p/online lending

September 13, 2017

238

What Switzerland’s ‘Crypto Valley’ tells us about the state of blockchain

By Jeremy Epstein for Venture Beat

The proliferation of blockchain startups and their mammoth ICOs show there’s a lot of interest in decentralizing applications and services. And though it’s an oxymoron, we’re now seeing a few “centers” of “decentralization” emerging — a handful of cities engaged in serious jurisdictional competition to become the prime innovation hub for blockchain-based technologies. (more…)

Cryptocurrencies, Fintech news, Global trends

September 11, 2017

161

The promise of managing identity on the blockchain

By Ron Miller for Techcrunch

Blockchain, the secure distributed ledger technology first created to track bitcoin ownership, has taken on a number of new roles in recent years tracking anything of value from diamonds to real estate deeds to contracts. The blockchain offers the promise of a trusted record that can reduce fraud. Some industry experts say that over the coming years, it could be used to control identity information in a more secure fashion. (more…)

Blockchain, Fintech news, Global trends

September 11, 2017

271

DBS rolls out VR mortgage app

DBS Bank has launched a mortgage app that lets Hong Kong homebuyers take virtual, 360 degree tours of properties. (more…)

Banks, Fintech news, Global trends

September 8, 2017

205

SolarisBank enlists SIA for contactless payment cards in Germany

By SIA

solarisBank, a German banking platform with a full banking license, has chosen SIA, a company specializing in the processing of electronic payments, to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions. (more…)

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

September 8, 2017

What happened to Equifax today

Today was a terrible day for the 143 million consumers impacted by the Equifax data breach. Many of these folks had Social Security numbers, birth dates, addresses and driver’s license numbers compromised. And the credit card information for hundreds of thousands more was put at risk. Though it was uncovered by the company a little over a month ago, Equifax held off from announcing the extent of the damage until today. (more…)

Fintech news, Global trends, Hotnews

September 8, 2017

199

Brits lose £600m a year on money transfer fees says new money transfer comparison service

Monito, an online money transfer comparison tool, today launched into the UK market, reveals that banks and expensive money transfer services are costing UK residents more than £600 million each year in excessive international transfer fees, a significant portion of which are hidden. (more…)

Fintech news, Global trends

September 4, 2017

237

Habito, an app that helps you find the right mortgage, raises £18.5M Series B led by Atomico

By Steve O’Hear for TechCrunch

Habito, a London startup that is bringing the entire mortgage process online, has raised £18.5 million in Series B funding. Atomico, the European VC firm founded by Skype’s Niklas Zennström, led the round, with participation from existing investors Ribbit Capital, Mosaic Ventures, and Revolutionary (Ad)Ventures. It brings the total raised by the U.K. company to just over £27 million. (more…)

Fintech news, PFM/PFP services

September 4, 2017

606

PSD2 & Open Banking: The perfect marriage of technology and regulation

By Maikki Frisk for Finextra

There’s no doubt that PSD2 is a big deal, but when considered alongside the terrific advances being made in open banking, Maikki Frisk, Executive Director, Mobey Forum, wonders whether the industry truly appreciates the extent of the changes that lie ahead. (more…)

Fintech news, Government activities, RegTech

September 4, 2017

184

Brief: Singapore lags behind in online payments

The news (extracted from Today):

  • Ninety percent of Singaporeans surveyed by online payments giant PayPal say they prefer to use cash as their primary mode of payment, with only a small percentage using online payments regularly.
  • The preference for cash in Singapore was followed in popularity by other traditional payment methods such as bank transfers or internet banking at 74 percent, with 61 percent saying they prefer credit cards.
  • Despite these preferences, only 43 percent use cash regularly, citing problems such as having insufficient cash on hand and long queues at ATMs.

(more…)

Fintech news, Global trends, Government activities, Mobile payments/banking

August 31, 2017

169

Ride-hailing app Grab introduces P2P payments feature

Southeast Asian ride-hailing service Grab is venturing further into the payments market, adding a P2P instant fund transfer feature to its app in Singapore. (more…)

Fintech news, Global trends

August 31, 2017

226

DBS launches Digibank in Indonesia

By DBS

DBS Bank, a leading bank in Asia, today officially unveiled digibank by DBS (digibank), a groundbreaking mobile-led bank, in Indonesia. (more…)

Fintech news

August 31, 2017

158

Australia’s ASX Had 133 IPOs in 2016, the NYSE 37. Why is that?

Here is an interesting factoid, recently discovered. The ASX, or Australian Securities Exchange, the country’s primary market for trading securities is killing it in Initial Public Offerings in comparison to many of its global cousins. (more…)

Fintech news, Global trends, Hotnews

August 31, 2017

159

OCBC Keyboard lets customers make P2P payments without leaving messaging apps

By OCBC

Singapore’s OCBC Bank has launched an Android keyboard that enables customers to make peer-to-peer payments from within any app or mobile browser. (more…)

Fintech news

August 30, 2017

Latvian P2P Lender TWINO Adds Second Russian Originator

Latvian peer-to-peer lending platform TWINO has reportedly added a second Russian originator to its platform since its December 2016 launch. (more…)

Fintech news

August 28, 2017

205

Amazon brings cash option for the unbanked to UK

Amazon has brought a service that lets people top up their accounts by handing over cash at the physical locations of partner retailers to the UK. (more…)

Fintech news, Global trends

August 28, 2017

909

Beyond Amazon and Alibaba: what’s next for e-commerce?

By TC

How do you outsmart an 800 lb gorilla?  E-commerce retailers in the two biggest markets – China and the U.S. – grapple with this question every day. (more…)

Fintech news, Global trends, Hotnews

August 21, 2017

270

Alibaba leads $1.1b investment in Indonesia’s Tokopedia

Jack Ma’s Alibaba has led a US$1.1 billion investment in Indonesia’s Tokopedia, further accelerating the Chinese giant’s expansion into Southeast Asia. (more…)

Deals, Fintech news, Hotnews

August 21, 2017

345

Prosper Progress: Online Lender Reports Strong Q2 Growth, Closes $500 Million Securitization

Prosper Marketplace, a leading marketplace lending platform, has reported improved numbers for the second quarter.  Prosper has shared that it generated positive operating cash flow for the quarter and originations rocketed up 74% year over year. (more…)

Fintech news, p2p/online lending

August 17, 2017