If you take a look at all the news about fintech startups, you might get a feeling that the new financial services are built for retail clients and not for businesses. However, these are the entrepreneurs who may become drivers of fintech. We should clarify what exactly do we mean by ‘SME’.
By James Eyers for the Financial Review,
Australia’s transition to an innovative, technologically savvy economy and how corporate leaders are coping with the forces of disruption will be a major issue debated at The Australian Financial Review Business Summit this week.
By Julie Verhage for Bloomberg.com
Record number of deals for fintech in 2015. Some fintech companies that have recently entered the public market have had a tough time of late. (more…)
By Malavika Velayanikal for TechinAsia.com
Cloud-based software-as-a-service (SaaS) products are seeing hyper growth as small and medium businesses (SMBs) take to them in a big way. And Indian SaaS startups are well-placed to capitalize on it, says a joint report by Google and Accel Partners released today. (more…)
By Ryan Mac for Forbes,
Following Square’s initial public offering in November, the company’s executives hung up a new sign at San Francisco headquarters to remind employees of their mission. Located just through the doors of Square’s main entrance, the white block letters set against a similarly colored backdrop broadcasts one of CEO Jack Dorsey’s highest principles: “Economic Empowerment.” (more…)
By Zennon Kapron for Forbes
With digitalization and FinTech high on the banking agenda, the disruption of financial services looks like a given. The question, however, is where will the real change come from. Will it be blockchain, real-time settlement, the highly competitive payment space, crowdfunding, or P2P lending? (more…)
By Anthony Ha for Techcrunch.com,
Lunch breaks! They’re great, right? But they can also turn into a huge time sink — I’ve definitely had moments where I’m frantically flagging down a waiter because everything’s taken longer than expected, leaving me to try to pay the check and get to my next meeting in just a few minutes. (more…)
By Terence Lee for Techcrunch.com,
Street food heaven Taiwan is getting a tech upgrade, courtesy of Taiwanese startup iChef. It has cooked up an iPad-based restaurant point-of-sales (POS) system which has been scoring customers. 1,080 restaurants are using its product, each paying on average US$80 a month (that’s a monthly revenue of US$86,400). (more…)
By Steve O’Hear for Techcrunch.com
Latvia’s , a fintech startup that operates a p2p loans marketplace to let investors invest in various loans from a growing number of loan originators, has raised €2 million in seed funding. Backing comes from Riga-based VC Skillion Ventures. (more…)
By World Bank Press release,
Gov’t-World Bank Group joint report recommends reforms to foster private sector competitiveness, promote social inclusion and build modern institutions.
By Meghna Rao for techinasia.com
What’s up with India’s startup ecosystem? According to data released in InnoVen Capital’s “India Startup Outlook Report,” only 22 percent of VC-funded early-stage startups expected to turn profitable in the next year, probably because the intention of getting investor money is to trade profitability for growth.
By Steven Millward for TechinAsia.com
Apple Pay launched in China today, as Tech in Asia reported this morning. It’s not going to be an easy ride for Apple, since Chinese consumers are already used to online payments and in-store cashless transactions on their phones through WeChat and Alipay.
Borderless innovation is a broad topic, which includes global expansion, global networking, cross-country laws, global business opportunities and partnerships and a lot more. A few FinTech startups have been successful in global expansion.
By Philip Ryan for Bank Innovation,
You might be using a blockchain to order detergent within the next few years. (more…)
By Sofia in LetsTalkPayments.com (more…)
By Elliot Maras, article first appeared in CCN: Bitcoin, Blockchain, FinTech, & Cryptocurrency News
CCN: Digital finance has great potential to improve life for consumers and merchants in India. But the lack of familiarity has impeded digital money’s growth in the country. This lack of awareness exists despite India Prime Minister Narendra Modi’s national mission for financial inclusion. (more…)
By Rachel Boon for StraitsTimes,
SINGAPORE -Personal finance portal MoneySmart.sg will offer an OCBC Bank home loan for a limited period. (more…)