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47

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

JD.com: Unprecedented Growth Ahead

By David Krejca for Seeking Alpha

Summary:

JD.com is a rapidly growing Chinese e-commerce business which has underperformed compared to its peers.

This might change soon and the company is expected to turn profitable this year and trades at an extremely low price-to-sales multiple.

My valuation model suggests that JD’s shares could appreciate by as much as 70 percent annually over the next three years.

(more…)

Analytics, Global trends, Hotnews, InspirAsia

October 23, 2017

213

To change how you use money, Open Banking must break banks

By Roland Manthorp for Wired

On January 13, 2018, the UK’s big banks will be forced to show startups their most precious data. But is Open Banking too revolutionary for its own good?

(more…)

Global trends, Hotnews, Open Source/ API

October 18, 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

127

Monzo Announces New Abroad ATM Fee Amounts

By Samantha Hurst for Crowdfunding Insider

Just one month after asking its Community to decide on ATM fee pricing, challenger bank Monzo announced the new prices for abroad ATM fees. The company shared in a post on Tuesday: (more…)

Banks, Global trends, Hotnews

October 18, 2017

Canadian Insurtech Covera Raises $1 Million During Seed Financing Round Led By Ferst Capital Partners

Covera Technologies Inc., a Canadian-based insurtech start-up that uses technology to find its customers optimal insurance rates every year, has raised $1 million through its seed financing round led by Ferst Capital Partners with participation from fintech angel investors. The latest funding round follows the company’s $500,000 pre-seed financing round and brings the total capital raised to $1.5 million.

Founded in 2016, Covera describes itself as a simple solution that pro-actively re-shops for insurance on the user’s behalf. The company stated: (more…)

Global trends, Insurance

October 18, 2017

127

Allset raises $5M to help restaurants deliver a more efficient dining experience

By Anthony Ha for TechCrunch

Allset has raised $5 million in Series A funding led by Greycroft. (more…)

Deals, Global trends, Hotnews, SME

October 18, 2017

160

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

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

200

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

Small business lending in Mexico gets a boost

By Jonathan Shieber for Techcrunch

Micro-lending and small business financing are a critical component of economic growth in around the world, and the need for access to low-cost capital is especially important in developing countries. (more…)

Global trends

October 9, 2017

205

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

183

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

177

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

210

Blockchain Startups VCs Should Invest In

By Ali Tahmaseb for his blog. Entrepreneur in silicon valley — founder @ blocks. TEDx Speaker. Featured in BBC, Forbes, Guardian. Algorithmic trader of stocks as hobby. 

Recently I did some research on blockchain, the science behind it, the applications of blockchain in the financial sector as well as other sectors. I then identified the different types of startups that can be formed (or are formed) based on blockchain in the infrastructure level, application level and ecosystem level. I published my findings here. (more…)

Blockchain, Columns, Global trends, Hotnews

October 5, 2017

246

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

Starling to move into business banking

Digital challenger bank Starling is to open a mobile-only business account for small traders and SMEs. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

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

133

OurCrowd Expands with Office in Spain, Partners with Spanish-Israeli VC Cardumen Capital

Global crowdfunding platform OurCrowd has established a new office in Spain thus expanding its operational footprint in Europe. The additional office, located  in Madrid’s financial district of the Paseo de la Castellana, brings OurCrowd’s global locations to multiple countries with the US, Canada, Australia, Singapore and a planned expansion in the UK. OurCrowd headquarters are located in Jerusalem. (more…)

Crowdfunding/investing, Global trends, Hotnews

October 3, 2017

174

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

129

N26, Revolut and Monzo founders to talk about starting a bank from scratch at Disrupt Berlin

By Romain DIllet for Techcrunch

What do N26, Revolut and Monzo have in common? The three founders of those three startups are all coming to TechCrunch Disrupt Berlin to discuss all things fintech. If you want to see Valentin StalfNikolay Storonsky and Tom Blomfield share the same stage, come to Disrupt in December. (more…)

Global trends, Hotnews, Mobile-first banks

October 3, 2017

213

Ayondo Remains a Private Company after Reverse Takeover Bid Lapses

By Julie Muhn for Finovate

Social trading company ayondo may no longer be the first fintech company to go public on the Singapore stock exchange (SGX). (more…)

Deals, Global trends, Hotnews

September 28, 2017

261

A new map for strategic growth in banking

By Mckinsey Insights

Portfolio strategists need to look beyond economic development when eyeing new investment.

When bank strategists seek new growth or reevaluate their portfolios, the odds of success often look stronger in places where banking penetration is low and opportunities relatively abundant. But not always. (more…)

Banks, Global trends

September 28, 2017

222

Berlin Group launches Public Market Consultation on NextGenPSD2 Standard

On 2 October 2017, The Berlin Group will launch a 6-weeks public market consultation on its NextGenPSD2 Access to Accounts (XS2A) Standard that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services Directive (PSD2). (more…)

Fintech news, Global trends, Government activities

September 28, 2017

176

ABN Amro launches Sustainable Investment Tool

By ABM Amro

From the local florist stall to the large metalworking factory in an industrial park – starting today, all of ABN AMRO’s business clients can go online to see what they can do to make their commercial premises more sustainable. (more…)

AI / Machine Learning / Big Data, Banks, Global trends, Hotnews, Wealth management

September 28, 2017

325

Revolut moves into insurance

Revolut users will now be able to insure their mobile phone for as little as £1.00 per week as the innovative fintech launches the first phase of its insurance offering. (more…)

Global trends, Hotnews, Insurance, Remittances

September 28, 2017

203

HSBC moves into open banking

HSBC is testing a platform that lets customers see all of their accounts, no matter who the provider, on one screen. (more…)

Banks, Global trends, Hotnews, Open Source/ API

September 28, 2017