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Ford invests in digital financing outfit AutoFi

By Finextra

There’s a new way for customers to purchase or finance a new Ford vehicle in minutes – right from a dealership website from anywhere, on any device – through a new platform from Ford Motor Credit Company and financial technology company AutoFi. (more…)

Deals, Fintech news, p2p/online lending

January 23, 2017

Chinese fintech startup Wecash makes foray into Indonesia through joint venture

By Kevin McSpadden for e27

The goal is to be a go-to place for SME loans as Indonesia’s middle class continues to boom. (more…)

China, Credit scoring, Fintech news, Indonesia, p2p/online lending, Security

January 23, 2017

China’s fintech is leaving the rest of the world behind

By  for TechNode

China is emerging as a leading fintech market on a global scale. Half of the global investment in financial technology is happening in Asia, especially China, according to the World Economic Forum. (more…)

Analytics, China, Fintech news, Global trends, Marketing Report

January 23, 2017

What DTCC’s IBM Blockchain Transition ‘Reimagining’ Credit Derivatives Signifies

By Roger Aitken for Forbes

On the heels of the announcement by the U.S. Depository Trust Clearing Corporation’s (DTCC) transitioning a central part of its financial infrastructure onto a blockchain, the premier post-trade market infrastructure for the global financial services industry that processes trillions of dollars, many are wondering what it means for the blockchain market’s future. (more…)

Blockchain, Fintech news, Government activities, TradingTech

January 23, 2017

Habito secures £5.5 million investment to shake up the mortgage industry

By Finextra

UK digital mortgage broker habito has raised £5.5m in Series A funding led by Silicon Valley-based Ribbit Capital, with participation from existing investor Mosaic Ventures. (more…)

AI / Machine Learning / Big Data, Deals, Fintech news

January 23, 2017

Deeper into China: CoAssets invests US$145K in a Chinese product crowdfunding platform

By Anisa Menur A. Maulani for e27

Australian Stock Exchange (ASX)-listed startup CoAssets today announced that it has made a RMB1 million (US$145,000) strategic investment in Fujian-based crowdfunding startup Da Xian Bing, for 10 per cent of the company, with 60 per cent to be recouped from CoAssets’ joint venture partner Fujian Yaosheng. (more…)

China, Crowdfunding/investing, Deals, Fintech news, SME

January 23, 2017

Why Coinbase’s Cofounder Is Moving On

By Robert Hackett for Fortune

Five years after co-founding Coinbase, one of the most well-funded Bitcoin ventures, Fred Ehrsam has decided to leave the company. (more…)

Blockchain, Cryptocurrencies, Fintech news, People of fintech

January 23, 2017

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Blackstone’s Jay Leek joins Florida VC firm to manage $300 million security fund

By  for Venturebeat

Rumors have been spreading lately about where Jay Leek, former managing director and chief information security officer (CISO) at Blackstone, will be heading next. His pick? ClearSky, an under-the-radar venture capital firm based in Palm Beach, Florida, where he will be managing a $300 million fund dedicated to cybersecurity. (more…)

Fintech news, People of fintech, Security

January 22, 2017

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CFTC Chairman Calls for Agency to Support Blockchain and Fintech Innovation

By Lester Coleman for CryptoCoins news

The commissioner and acting chairman of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, called on the agency to support distributed ledger technology (DLT) and fintech innovation in his keynote address before the SEFCON VI conference sponsored by the Wholesale Markets Brokers’ Association. Giancarlo said he supports the core reforms of Title VII of Dodd-Frank, the swap data reporting and central counterparty clearing and registration of swaps dealers. (more…)

Blockchain, Fintech news, Government activities

January 22, 2017

SatoshiPay Raises £640K in Funding

By FinSMEs

SatoshiPaySatoshiPay Ltd, a London, UK-based private nanopayment software and blockchain company, raised £640k in funding.

Blue Star Capital plc (AIM: BLU) made the investment. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news, Mobile payments/banking

January 21, 2017

Turkish payment provider iyzico secures $13 million to expand in Europe and Middle East

By  for tech.eu

Turkish fintech startup iyzico has raised $13 million in a Series C round, led by Vostok Emerging Finance, to boost its push into Europe and the Middle East. (more…)

Deals, Fintech news, Payment processors/providers/gateways

January 21, 2017

Mercuria introduces blockchain to oil trade with ING, SocGen

By The Business Times

[DAVOS] Trading house Mercuria is working with banks ING and Societe Generale on the first large oil trade based on blockchain technology, as the tradition-bound oil industry tests out digital technology. (more…)

Blockchain, Fintech news, TradingTech

January 21, 2017

Fig Raises $7.84M in Series A Funding

By FinSMEs

figFig, a San Francisco, CA-based gaming crowdfunding platform, raised $7.84m in Series A funding.

The round was led by Spark Capital and Greycroft.

The company intends to use the funds to expand operations. (more…)

Crowdfunding/investing, Deals, Fintech news

January 21, 2017

Grayscale Investments Files for $500M IPO

By FinSMEs

Grayscale Investments, LLC, a New York City-based wholly-owned subsidiary of Digital Currency Group, Inc., has filed for a $500m IPO for the Bitcoin Investment Trust. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news

January 21, 2017

U.S. Financial Regulatory Agency Explores Blockchain’s Impact On Securities Trading

By Lester Coleman for CryptoCoinsNews

The Financial Industry Regulatory Authority released a report on blockchain’s impact on the securities industry in its efforts to support financial institutions investing in the technology.

(more…)

Blockchain, Fintech news, Government activities, TradingTech

January 21, 2017

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China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

Neosurance Wins “Phase 1” of Horizon 2020’s SME Instrument, the Prestigious European Prize That Supports Research and Innovation

By LTP

Neosurance Wins "Phase 1" of Horizon 2020's SME Instrument, the Prestigious European Prize That Supports Research and InnovationNeosurance, the innovative startup that proposes technological solutions for insurance companies, has been selected by the European Commission as the winner of HORIZON 2020 “Phase 1” – a prestigious European award for research and innovation – thus benefiting from a 50.000 euro grant. (more…)

AI / Machine Learning / Big Data, Fintech news, Insurance

January 21, 2017

Payments startup Dwolla raises $6.85M more, debuts Access API

By  for TechCrunch

Some news today from Dwolla, the startup that competes with banks (but also works with them) to provide payments and money transfers with reduced fees by way of more efficient software. The company has raised another round of funding of $6.85 million, and at the same time it’s announcing the relaunch of its white-label API, which it is now calling Access API. (more…)

Deals, Fintech news, Mobile payments/banking, p2p-payments, Remittances

January 21, 2017

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How Fintech Can Disrupt the $14T Mortgage Market

By Barbara A. Friedberg for Investopedia

Fintech, which has already disrupted the payments, banking and financial advisory markets, is beginning to enter the $14 trillion mortgage market. Given the growing popularity of digital financial solutions, there appears to be a demand for electronic mortgage solutions among home buyers and sellers alike. (more…)

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

January 20, 2017

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Where Insurers and Reinsurers Invested in Tech Startups in 2016

By CB insights

Thematic areas that attracted strategic investment in 2016 included cybersecurity, property management software, IoT, and digital insurance distribution. (more…)

Analytics, Deals, Fintech news, Global trends, Insurance

January 20, 2017

Rabobank readies for real-time payments

By Finextra

Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide. (more…)

Banks, Fintech news, Payment processors/providers/gateways

January 20, 2017

Myanmar’s CB Bank to double size of ATM network

By Finextra

Co-Operative Bank Limited (CB Bank) in Myanmar has awarded Diebold Nixdorf an extensive contract for systems, software and services to expand its self-service cash offerings beyond the country’s main commercial hub Yangon.  (more…)

Banks, Fintech news, Myanmar, Security

January 20, 2017

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Bank of Korea: FinTech Companies Will Reshape Financial Industry

By CryptoCoins News

Non-financial technology companies with a growing expertise in FinTech (financial technology) will play a bigger role in shaping South Korea’s financial industry, according to the country’s central bank. (more…)

Banks, Blockchain, Fintech news, Government activities, Korea

January 20, 2017

Mastercard ‘preying on millions,’ says $17 billion fee lawsuit

A movement by countries around the globe to embrace a cashless future is resulting in plastic payments (think credit and debit cards) to erode cash’s market share. (more…)

Analytics, Cashless, Fintech news, Marketing Report, Payment systems

January 20, 2017

In the future, AI could also mean auto insurance

By  for TechCrunch

Solaria Labs, Liberty Mutual Insurance’s tech incubator, has created an API developer portal to bring together public data and “proprietary insurance information” to help users find potentially safer routes — and help them assess damage when that doesn’t work out. (more…)

Accelerators/Incubators/Labs, AI / Machine Learning / Big Data, Fintech news, Insurance

January 20, 2017

Finovate Debuts: Helping Banks Turn Data into Insights with Liferay DXP

By David Penn for Finovate

There are few challenges greater for FI than turning massive amounts of customer data into valuable insights on how to serve those customers better. “Everybody today seems to be focused on customer experience, and giving your customers whatever they want. But what is it that you are you getting from your customers?” Liferay Sr. Customer Experience Manager Henry Nakamura asked from the Finovate stage in September. “I bet you’re pretty overwhelmed by the amount of data that you have, and possibly pretty underwhelmed by the results. Where’s the payoff?” (more…)

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

January 20, 2017

BMO Harris Bank goes all in on mobile payments

By Finextra

BMO Harris Bank today announced the release of BMO Harris Bank Masterpass, Android Pay and Samsung Pay digital wallets for select BMO Harris Bank credit and debit cards.  (more…)

Banks, eWallets, Fintech news, Mobile payments/banking

January 20, 2017

Destacame Closes Seed Financing Round

By FinSMEs

destacameDestacame, a Santiago, Chile-based alternative credit scoring startup, closed a seed round of financing of undisclosed amount.

The round was led by Accion Venture Lab, with participation from Mountain Nazca and Chilean angel investors. (more…)

AI / Machine Learning / Big Data, Deals, Fintech news, p2p/online lending

January 18, 2017

Bitcoin exchange Coinbase gets money transmitter license in New York

(more…)

Cryptocurrencies, Fintech news, Government activities

January 18, 2017

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Banks can counter fintech-friendly EU rules by embracing third party innovators

By Kirsty Tull for PaymentsSource

As we move toward the mandated adoption date for the Payment Services Directive 2 (PSD2), we can expect to see significant shifts within the payments industry.

(more…)

Banks, Fintech news, Government activities, Payment processors/providers/gateways

January 18, 2017