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Central bank of Singapore wants to set up new framework for investment funds

By  for TechinAsia

The Monetary Authority of Singapore (MAS) continues to make it easier for investors to set up new funds and operate in the city-state. Today it announced it has opened a public consultation on a new corporate structure for investment funds. People can submit their comments on a number of questions posed in the consultation paper. (more…)

Global trends, Government activities, Hotnews, Payment processors/providers/gateways, Singapore

March 23, 2017

Revolut to undertake £4 million crowdfund raise; launches subscription service

Revolut is taking a leaf out of Amazon’s playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise. (more…)

Deals, Global trends, Hotnews, Payment processors/providers/gateways, Remittances

March 23, 2017

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Govt-Backed ‘Crypto Valley Association’ Launches in Switzerland

By CryptoCoins News

Fintech-friendly Switzerland sees the launch of a new non-profit blockchain advocacy and development group with the launch of the Crypto Valley Association, backed by the government. (more…)

Blockchain, Fintech news, Global trends, Government activities, Payment processors/providers/gateways

March 3, 2017

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Alibaba leads $200 million investment in Paytm e-commerce unit

By Finextra

The e-commerce arm of Indian mobile wallet giant Paytm has raised $200 million in a funding round led by China’s Alibaba. (more…)

Deals, Fintech news, Payment processors/providers/gateways

March 3, 2017

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PayThink Blockchain payments can help banks play innovation catch up

By Artem Tymoshenko for Payments Source

One area that has lagged in innovation is the financial services industry.  (more…)

Analytics, Banks, Blockchain, Payment processors/providers/gateways

March 3, 2017

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Payment Technology Startup Dimebox Raises €5M in Funding

By FinSMEs

Dimebox, an Amsterdam, the Netherlands-based fintech startup, raised €5M in series A funding.  (more…)

Deals, Fintech news, Payment processors/providers/gateways

March 3, 2017

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French cashless payment startup PayinTech raises €2.5 million

By TechInAsia

French fintech startup PayinTech, a wearable payment solution focusing on the tourism and leisure sector, announced that it has raised €2.5 million. The round was led by Caisse des Dépôts, which invested €2 million, with participation from previous investors Fa Dièse and CapDecisif. (more…)

Deals, Fintech news, Payment processors/providers/gateways

February 28, 2017

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Payments transformation: How banks can innovate to stay relevant – A Banking Byte event

By Finextra

The payments landscape is changing profoundly and all banks recognise that their payments strategies and technology stacks need to change in response. The drivers for transformation are clear: regulation, notably the revised Payment Services Directive (PSD2), changing customer behaviour, and rapidly evolving technology.  (more…)

Fintech news, Government activities, Open Source/ API, Payment processors/providers/gateways

February 28, 2017

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PayThink Blockchain can save banks in the ‘faster payment’ race

By Anil Das for Payments Source

Financial institutions are in a predicament as demand for fast payment services is clearly growing, among consumers and merchants alike, and is aggressively being fulfilled by fintechs.

(more…)

Analytics, Blockchain, Fintech news, Payment processors/providers/gateways

February 16, 2017

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PayPal moves into bill payments with TIO acquisition

By Finextra

PayPal is looking to steal a march on financial services firms in the underbanked bill payment space by acquiring North American processor TIO for $233 million. (more…)

Deals, eWallets, Fintech news, Payment processors/providers/gateways

February 16, 2017

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Saxo Payments introduces virtual Iban service

By Finextra

Building on its already successful and award winning Banking Circle platform, Saxo Payments is launching Banking Circle Virtual IBAN.  (more…)

Fintech news, Payment processors/providers/gateways

February 14, 2017

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Mint Payments completes $6 million placement

By Finextra

Payments technology solutions provider Mint Payments (ASX: MNW) (Mint or the Company) has successfully completed a placement of new shares to drive its aggressive expansion into South East Asia’s evolving payments landscape. (more…)

Deals, Fintech news, Payment processors/providers/gateways

February 11, 2017

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Adyen reports 80% growth in pyment volumes

By Finextra

Adyen, the leading payments technology company, today announced the company increased transaction volume 80 percent year-over-year, totaling $90 billion in 2016.  (more…)

About, Fintech news, Payment processors/providers/gateways

February 9, 2017

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Ant Financial is raising US$3B in debt to fund M&A deals: Bloomberg

First By Yon Heong Tung appeared at e27

The news comes right on the heels of its first acquisition in a US-listed company, Moneygram (more…)

China, Deals, Fintech news, Payment processors/providers/gateways

February 9, 2017

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SIX issues mobile credit card in Austria

By Finextra

SIX Payment Services has issued a SIM-based virtual credit card for making mobile payments in Austria. (more…)

Credit/Debit/Prepaid cards, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

February 4, 2017

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One Of The Biggest B2B FinTech Funding Weeks In Months

It was one of the biggest weeks for B2B FinTech investment in months. Alternative lending, eProcurement and cross-border payments innovators all saw impressive activity (though several funding values remained private), and one single startup raised $165 million — more than the rest of the eight other funding rounds this week combined. (more…)

Deals, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

February 3, 2017

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Bank of America Merrill Lynch expands ACH payments capabilities on CashPro

By Finextra

Bank of America Merrill Lynch, a leader in global transaction services, has announced that it has substantially increased its international payments capabilities via the bank’s online and file-based banking portal, CashPro®.  (more…)

Banks, Fintech news, Payment processors/providers/gateways

February 3, 2017

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Fintech startup LatiPay raises US$3M from Jubilee Capital, others to expand to Singapore, US

By Sainul Abudheen K for e27

LatiPay allows Chinese consumers to pay for goods and services using Yuan whilst merchants receive full payment for goods or services direct to their local bank account in their local currency (more…)

China, Deals, Fintech news, InspirAsia, Payment processors/providers/gateways

February 1, 2017

IMAGE DISTRIBUTED FOR JP MORGAN CHASE - Jamie Dimon, JP Morgan & Chase Co. Chairman and CEO, discusses the impact of The Fellowship Initiative, Monday, June 23, 2014, at JPMorgan Chase Headquarters in New York. The expanded Fellowship Initiative enrolls young men of color in Chicago, Los Angeles, and New York City in a multi-year hands-on enrichment program that includes academic, social and emotional support.  (Photo by Diane Bondareff/Invision for JPMorgan Chase/AP Images)

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What the JPMorgan-Intuit Partnership Means for the Digital Financial Ecosystem of the Future

By LTP

Last Wednesday, JPMorgan Chase and Intuit announced that they had found a solution for the “perilous” sharing of banking data through the use of APIs (application programming interfaces). The agreement will allow JPM’s customers to access their account information and plug it into QuickBooks, Mint, and TurboTax financial management applications without having to hand over their bank passwords. (more…)

About, Banks, Fintech news, Payment processors/providers/gateways

January 31, 2017

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Ingenico to acquire Indian payment processor TechProcess

By Finextra

Ingenico Group announced today it has reached an agreement in principle to acquire 100% of TechProcess Payment Services Ltd (“TechProcess”), a leading Indian electronic payments services provider from its current shareholders (major global and Indian investors).  (more…)

Deals, Fintech news, India, Payment processors/providers/gateways

January 31, 2017

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Singapore’s FinTech Industry Is on the Way to Global Leadership

By Elena Mesropyan for LTP

“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)

AI / Machine Learning / Big Data, Blockchain, Crowdfunding/investing, Cryptocurrencies, Financial Markets / Trading, Fintech news, Hotnews, Insurance, Mobile payments/banking, p2p/online lending, Payment processors/providers/gateways, RegTech, Remittances, Security, Singapore

January 26, 2017

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7 Fintech Startups in India to Know

By

With more than 400 companies including 200 startups, India has quickly emerged as a fintech products hub. In 2015, these ventures attracted US$420 million in funding, according to a report by the National Association of Software and Services Companies (NASSCOM). (more…)

Fintech news, India, Insurance, Marketing Report, Mobile payments/banking, Payment processors/providers/gateways

January 25, 2017

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TransferTo and Wirecard team on white label remittance package for MMOs

By Finextra

TransferTo, leading cross-border B2B mobile payments network, and Wirecard, Europe’s leading specialist for payment processing and issuing services have teamed up to offer a white-label mobile-to-mobile remittance service. (more…)

Fintech news, Payment processors/providers/gateways, Remittances

January 24, 2017

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If you can’t beat them, buy them: Net1 acquires stake in Bank Frick

By Finextra

Nasdaq-listed mobile payments outfit Net1 has agreed a deal to acquire a 30% stake in Lichtenstein-based Bank Frick, providing a new reverse buy-out model for co-operation between fintech firms with technological know-how and incumbents seeking to develop new digital business strategies. (more…)

Banks, Deals, Fintech news, Payment processors/providers/gateways

January 24, 2017

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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

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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

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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

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Top 10 Fintech (Startups) in Malaysia

By

Striving to establish itself as a prominent fintech player, Malaysia has committed to provide clear guidance and regulation to the new, innovative products and business models entering the financial services industry. (more…)

About, Blockchain, Crowdfunding/investing, Fintech news, Malaysia, Mobile payments/banking, Payment processors/providers/gateways

January 14, 2017

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Payment Rails heads into public beta

By Finextra

Payment Rails, a cloud technology platform that enables businesses to send payments to any individual or company anywhere around the world, today announced their beta launch.  (more…)

Fintech news, Payment processors/providers/gateways

January 13, 2017