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238

DBS opens multi-currency accounts for corporate clients

By DBS

DBS Bank today announced the launch of the DBS Corporate Multi-Currency Account (Corporate MCA) to help businesses transact and manage up to 13 currencies[1] in separate e-wallets all maintained in one single account. (more…)

Banks, Fintech news, Global trends

October 26, 2017

198

Fintech solutions startup Jirnexu nets $2m in pre-series B funding

By Jack Ellis for Tech in Asia

Kuala Lumpur-based fintech startup Jirnexu today announced that it has raised US$2 million in pre-series B funding. Japanese financial services company SBI Group led the investment, with existing backers Celebes Artha Ventura from Indoensia and Cento Ventures from Singapore also taking part. (more…)

eWallets, Fintech news, Global trends

October 26, 2017

182

ING sets up EUR300m fintech fund

ING has become the latest bank to launch a fintech venture fund, earmarking EUR300 million for investments in promising startups. (more…)

Banks, Fintech news, Global trends, Hotnews

October 26, 2017

206

Kabbage & ING Extend Strategic Partnership to Italy & France

Kabbage Inc., a global financial services, tech and data platform serving small businesses, and ING, a leading global bank, are expanding their strategic partnership into France and Italy to provide small businesses with real-time access to working capital. Building on ING’s successful launch in Spain with the Kabbage PlatformTM, this partnership will allow millions of small businesses throughout France and Italy to easily apply, qualify and access ongoing lines of credit up to €100,000 with ING in under 10 minutes. (more…)

Fintech news, Global trends, Hotnews

October 26, 2017

145

Canadian Small Business Lender Lendified Secures $60 Million Credit Facility From ClearFlow

By Samantha Hurst for Crowdfund Insider

Lendified, a Canada-based lender who provides small business loans online has entered into an agreement with ClearFlow Commercial Finance to increase its lending capacity. According to the lending platform, through the agreement, ClearFlow is providing it with a $60 million credit facility to fund loans delivered through its website. (more…)

Fintech news

October 26, 2017

Fintech Startup Credit Sesame Secures $42 Million in Equity & Venture Debt Funding

Credit Sesame, a personalized credit service and financial wellness company, announced on Wednesday it secured $42 million in equity and venture debt funding. According to the fintech startup, the funding comes from existing and new investors including Menlo Ventures, Inventus Capital, Globespan Capital, IA Capital, SF Capital, among others, along with a strategic investor. (more…)

Deals, Fintech news

October 26, 2017

185

New venture capitalists find strength in numbers

By John Mannes for Techcrunch

The large number of new venture capital funds may hint at broader structural changes in the startup ecosystem, but for the young and eager partners at the helm of many of these funds, all the rush of money means is more competition. (more…)

Fintech news, Global trends, Hotnews

October 23, 2017

The scale of tech winners

By Benedict Evans from A16Z

We all know, I think, that there are now far more smartphones than PCs, and we all know that there are far more people online now than there used to be, and we also, I think, mostly know that big tech companies today are much bigger than the big tech companies of the past. It’s useful, though, to put some real numbers on that, and to get a sense of use how much the scale has changed, and what that means.

Columns, Fintech news, Global trends

October 18, 2017

Lenddo Forms New Partnership With EFL Team to Lead Financial Inclusion Revolution

By Samantha Hurst for Crowdfund Insider

Lenddo announced on Tuesday it has formed a new partnership with Entrepreneurial Finance Lab (EFL). The companies also reported they are working together to provide a suite of credit scoring and identity verification products to more than 20 emerging markets. Lenders will be able to use the duo’s platform to provide individuals globally with unprecedented, affordable access to convenient financial products. (more…)

Fintech news, Global trends, p2p/online lending

October 18, 2017

331

Credit giant Experian leads $30M investment in India’s BankBazaar

By Jon Russel for Techcrunch

Indian credit marketplace BankBazaar has pulled in $30 million in fresh funding led by Experian, the London-headquartered credit giant with a £14 billion ($18 billion) market cap. (more…)

Fintech news

October 18, 2017

165

BlueVine Lands $130 Million in Debt Financing

By Julie Munh for Finovate

Alternative lending company BlueVine received a boost today, landing a $130 million round of debt funding. The company’s overall financing now totals $273 million, which is now comprised of $205 million in debt and $68 million in equity. (more…)

Fintech news

October 18, 2017

154

Maybank’s Mobile Banking Sees 91% Increase in Transaction

By Vincent Fong for Fintech News Singapore

Maybank Berhad, Malaysia’s largest bank by assets has seen a 91% spike in transactions for its mobile banking during the first three quarters of 2017. (more…)

Fintech news

October 16, 2017

253

10 Fast Growing FinTechs in Singapore

By FintechNews Singapore

IDC Financial Insights unveiled a list of 101 fast growing fintechs in Asia/Pacific (excluding Japan) from 10 major markets – ChinaAustralia and New ZealandSouth KoreaIndiaHong Kong, Singapore, IndonesiaMalaysiaPhilippines, and Thailand. (more…)

Fintech news, Global trends, Hotnews

October 16, 2017

129

Ayondo Pursues IPO After Reverse Takeover Deal Lapses

By Julie Muhn for Finovate

Here’s a quick update on our report a few weeks back that social trading company ayondowould not be undergoing a reverse takeover (RTO) IPO due to a lapsed bid from Singapore-based property developer, Starland Holdings. Today, ayondo has announced that, despite the bid falling through, it is determined to become the first fintech company to IPO on the Singapore Stock Exchange. (more…)

Fintech news

October 16, 2017

173

IBM uses blockchain to improve cross-border payments processing

IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive. (more…)

Banks, Deals, Fintech news, Hotnews

October 16, 2017

Amazon vs Alibaba: the R&D spending war

By Steven Millward for Tech in Asia

Alibaba this week announced a big push to do more research and development, ploughing US$15 billion into new innovation over the next three years. Here’s how that stacks up to what Amazon is already doing. (more…)

Analytics, Fintech news, Global trends

October 16, 2017

233

Monte Carlo Simulations Of Inside And Outside Sales Teams In A SaaS Startup

By Tomasz Tunguz from Redpoint Ventures,

Recently, a VP of sales told me about the way he views the dynamic between inside and outside sales. Inside sales is the drumbeat, a highly predictable sales organization whose consistency enables outside sales to swing for the fences. I never heard it expressed quite this way, but I do think there’s some truth to it. To prove it to myself, I ran a Monte Carlo simulation for hypothetical startup. (more…)

Fintech news

October 11, 2017

260

JPMorgan and Temasek leed $100 million funding round for Bill.com

By Bill.com

Today Bill.com, the largest U.S. business payments network, announced it has secured $100 million in financing with the goal of finally eliminating all paper from business payments. (more…)

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

October 11, 2017

MarketInvoice Reports Record Invoice Demand During Q3: Proud to Support UK Businesses

By MarketInvoice

Business finance company MarketInvoice observed record quarterly demand for invoice finance from UK businesses in Q3 2017. £196.2m worth of invoices were funded in the quarter, of which £74.1m was funded in August alone – a record month for MarketInvoice, providing UK businesses with critical working capital. (more…)

Fintech news, Global trends, Hotnews, Security

October 11, 2017

249

ING invites aspiring entrepreneurs to ‘Test Your Idea’

ING in Poland has launched a new online tool which enables entrepreneurs to test out their business ideas with a target group of prospective users. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, Global trends, Hotnews

October 9, 2017

258

BBVA passes 15 million mobile customers milestone

By BBVA

BBVA now has more than 15m mobile active customers across its global footprint, as its digital strategy continues to prove a success. (more…)

Banks, Fintech news, Global trends

October 9, 2017

Temenos Teams Up with MuleSoft to Accelerate Open Banking

 

 

(more…)

Banks, Fintech news, Global trends, Open Source/ API

October 6, 2017

221

IoT Predictions: Which IoT Segments Will Succeed?

By Calum McClelland – Director of BD @Leverege

There are no universal, drag-and-drop or plug-and-play IoT solutions right now.

(more…)

Fintech news, Global trends

October 6, 2017

229

Kyber Network : Investment Analysis

From VerthagOG Medium blog

Kyber Network is an on-chain protocol instant exchange & conversion of digital assets and cryptocurrencies with high liquidity. (more…)

Fintech news

October 5, 2017

311

Open banking; who to choose

The question is… who will the customer choose to be their banking confidant in this new, open connected banking marketplace starting from January? The answer is the one you trust the most with your money and data. (more…)

Banks, Fintech news, Global trends, Hotnews, Open Source/ API

October 5, 2017

236

Japan and blockchain tech are a match made in heaven

By Jack Ellis for Tech in Asia

Blockchain is about a whole lot more than cryptocurrencies. But it was inevitable that digital tokens would dominate a discussion at Tech in Asia Tokyo 2017 on the impact that blockchain tech is having on Japan’s financial services industry. (more…)

Cryptocurrencies, Fintech news, Hotnews, InspirAsia

October 5, 2017

Ten Years of iPhone Success: What Could Banks Learn From Nokia’s Fall?

 

Forbes Nokia 2007

By Alex Kreger – UX Design Agency

This year, Apple celebrates ten years since the iPhone launch. We can all agree that it changed the world in which we live. But, ten years ago, just a few months after the presentation of the iPhone, Forbes appeared with the title on the cover: “Nokia. One billion customers – can anyone catch the cell phone king?” Nobody was expecting what would happen in the next 10 years. (more…)

Banks, Fintech news, Global trends

October 5, 2017

235

Oracle ships digital innovation platform for open banking

By Oracle

Today, Oracle announced momentum for its open banking initiative, which includes a comprehensive set of PaaS capabilities as well as an open API framework enabling banks and fintechs to collaborate on a common cloud platform. (more…)

Fintech news, Global trends, Open Source/ API

October 3, 2017

Seedrs Raises £10 Million with £6 Million via Self Crowdfunding Round

By CrowdFund Insider

Seedrs, one of the leading UK based investment crowdfunding platforms, has closed on £10 million in funding with £4 million coming from Woodford Investment Management and the balance coming from retails investors via their own platform. The deal was announced earlier this month with Seedrs garnering a pre-money £40 million valuation. (more…)

Fintech news

October 3, 2017

152

Fintech startup Curve partners with accounting software Xero to make filing expenses ‘frictionless’

By Steve O’Hear for TechCrunch

Curve, the London fintech startup that lets you consolidate all your bank cards into a single card and track your spending, has partnered with accounting software Xero to remove much of the friction involved in filing expenses. The move is part of the newly-launched ‘Curve Connect’ feature that will see Curve connect to a growing list of third-party apps and services to make managing your money easier. (more…)

Fintech news, Hotnews, Mobile payments/banking

October 3, 2017