MENU

Global trends
Category

The Bustling IPO Market Of 2017

By Tomasz Tunguz from Redpoint Ventures

Five months into 2017 nine venture-backed technology companies have gone public compared to 14 in 2016. Four consumer companies and five enterprise companies have popped on average 29% since their IPO pricing. Only two, Carvana, an online used car dealer, and Netshoes, a Brazilian ecommerce company have traded down from their IPO pricing. The other seven have demonstrated the broad public investor demand for new offerings. (more…)

Columns, Global trends, Hotnews, Influences FinTech

May 24, 2017

India’s emerging as Asia’s next manufacturing hub. Singaporean firms welcome.

By Pearl Lee for Tech in Asia

On top of the Taj Mahal, India boasts other gems – Mumbai is the finance capital and Bangalore is said to be India’s Silicon Valley. Their steady growth has been led by fast-paced urbanization and high consumption. But the Indian government has plans to transform India’s economy and develop manufacturing capabilities to meet domestic and international demand. (more…)

Global trends, InspirAsia

May 24, 2017

Singapore start-up Sea opts for US listing

BY Jeevan Wasakar for Financial Times
HK and Singapore lose prized IPO despite efforts to attract tech companies

(more…)

Global trends, InspirAsia

May 24, 2017

PayPal Sues Pandora Over Logo

By PYMNTS

When developing a new business, it’s safe to say that there are a few things to consider before launching to the public. Aside from company name and intellectual property, new companies may also want to check into logos currently in use by other businesses. (more…)

eWallets, Global trends

May 24, 2017

Here’s how likely your startup is to get acquired at any stage

By Jason Rowley for Techcrunch.com

Let’s say you randomly selected 1,000 seed-stage startups based in the United States. How many of those would go on to raise a Series A? Of companies that go on to raise a Series A, how many would go on to raise a Series B? You could keep this process going until only a few companies remain. (more…)

Global trends, Hotnews, SME

May 24, 2017

106

London-Based Robo-Advisor MortgageGym Closes £2M Seed Round

According to a company release, fintech startup MortgageGym secured £2 million in funding from its seed round. (more…)

Deals, Global trends, p2p/online lending

May 23, 2017

113

Payoff Partners with Alliant Credit Union

Payoff has formed a partnership with Chicago-based Alliant Credit Union to help consumers eliminate high interest rate credit card debt. Payoff is an online consumer lender that claims some pretty high profile investors including; Anthemis Group, Tencent, Mohamed El-Erian, and Joe Saunders, former Visa chief executive.   (more…)

Credit/Debit/Prepaid cards, Global trends

May 23, 2017

105

Bank/fintech collaboration can take transaction banking to new heights

Bu Finextra

With banks and emerging technology companies bringing a raft of new innovations and business models to the industry, Claudio Camozzo and Jan Kupfer, global co-heads of Global Transaction Banking at UniCredit, argue that bank-fintech collaboration alongside a customer-focused approach is essential to seize – and maximise – the opportunities at hand. (more…)

Banks, Deals, Global trends

May 23, 2017

To Understand the Future of the Financial Services Industry, We Must Look Beyond FinTech

By Elena Mesropyan for LTP

While businesses are catching up with the rise of e-commerce and the mobile-first world, physical interfaces altogether are gradually falling into obsolescence. The year 2017 gives strong reasons to believe that working on the enhancement of the experience with any physical interface could be a wasteful attempt to better feed a horse instead of investing in a car (if we were to use Ford’s terms). (more…)

Global trends, Hotnews

May 23, 2017

TransferWise launches multi-currency business bank accounts

TransferWise is moving further into traditional banking territory, setting up a ‘borderless’ bank account for businesses that need a multi-currency account for trading in overseas markets. (more…)

Global trends, Remittances

May 23, 2017

Poor business ethics, lack of innovation are key reasons for failure of startups in India: IBM study

By Sainul Abudheen K for e27

Majority VCs surveyed believe that many Indian startups lack pioneering innovation and are prone to emulate already successful global ideas (more…)

Global trends, InspirAsia

May 22, 2017

Riskopy acquired by Coupa for data aggregation capability

By Coupa

Coupa Software, a leader in cloud-based spend management, today announced that it has acquired substantially all of the assets of Riskopy, Inc. (more…)

AI / Machine Learning / Big Data, Deals, Global trends

May 22, 2017

Euro Banking Association paper analyses cryptotechnologies in international payments

The Euro Banking Association has issued a new information paper looking into potential benefits and use cases of cryptotechnologies in the context of international payments and more specifically correspondent banking practices. (more…)

Cryptocurrencies, Global trends

May 22, 2017

A new era for startup investing in Latin America

By Nathan Lustig for Techcrunch

Startups in Latin America are using creative solutions to address not just local but also global problems. (more…)

Global trends, Hotnews

May 22, 2017

How AI is used to infer human emotion

By Nicole Tache for O’Reilly blog

Rana el Kaliouby is the co-founder and CEO of Affectiva, an emotion measurement technology company that grew out of MIT’s Media Lab. Rana is giving a talk, The science and applications of the emerging field of artificial emotional intelligence, at the Artificial Intelligence Conference in New York City on June 28, 2017. We recently caught up with Rana to discuss the techniques, possibilities, and challenges around emotion AI today. Our conversation has been edited for clarity. (more…)

AI / Machine Learning / Big Data, Global trends, Interviews

May 22, 2017

Google CEO just announced that Android has 2 billion users

BY NICOLE GALLUCCI for Mashable

Google’s CEO, Sundar Pichai, kicked off the company’s big event by making a huge (and somewhat surprising) announcement about Android usage — according to Pichai, there are now 2 billion active Android users worldwide.  (more…)

Global trends, Hotnews, Influences FinTech

May 22, 2017

242

BBVA brings info and payments to social and messaging networks

BBVA is embedding more deeply with social and messaging networks through a new bot that lets Spanish customers access financial information via Facebook and Telegram, and a tool for making payments from Whatsapp. (more…)

Banks, Deals, eWallets, Fintech news, Global trends, p2p-payments, Remittances

May 19, 2017

144

SoftBank Backs Paytm with $1.6 Billion

By

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. (more…)

eWallets, Global trends, Hotnews

May 19, 2017

133

LendingClub Increases Retail Investor Minimums

LendingClub (NYSE:LC) has upped its minimum deposit to a minimum initial amount of $1,000 for all new retail investors making their first investment through Lending Club. (more…)

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

May 19, 2017

116

Chinese P2P Lender Dianrong Links with Maggie Ng to Launch Global Fintech Marketplace

By

Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

May 19, 2017

150

Paytm to open new Payments Bank next week

Indian mobile wallet giant Paytm is to open its new Payments Bank on 23 March, joining telco Bharti Airtel as one of the first non-banks to take advantage of the Government’s relaxing of restrictions on bank licensing in an effort to boost financial exlusion. (more…)

Banks, Deals, Fintech news, Global trends, Hotnews, InspirAsia

May 19, 2017

243

WeChat just launched a search engine. Baidu should worry.

By TIA

Chinese search giant Baidu has had it good. For years, the tech firm has enjoyed a near monopoly of the country’s multi-billion dollar search market. Domestic competitors Sogou and Easou trail behind, each with less than 10 percent market share. Google, its most threatening rival overseas, withdrew from China in 2010, citing hacks by the Chinese government. (more…)

eWallets, Global trends, Influences FinTech, InspirAsia

May 18, 2017

120

Facebook just got hit with a $122 million fine over WhatsApp

By MD for Fast Company

The €110 million fine was levied by the European Commission over Facebook’s acquisition of WhatsApp in 2014. The EC said Facebook had provided “incorrect or misleading information” when it said it wouldn’t be able to link the profiles of users on WhatsApp and Facebook. (more…)

Deals, Global trends, Hotnews, Influences FinTech

May 18, 2017

467

PayPal partners with Android Pay for mobile payments

In news from the Google I/O the tech giant announced that they will partner Android Pay and PayPal for a mobile payments platform, the companies announced this morning. (more…)

Global trends, Hotnews, Mobile payments/banking

May 18, 2017

US merchants paid $88.39 billion in card fees in 2016

Credit, debit, and prepaid general purpose and private label cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. (more…)

Credit/Debit/Prepaid cards, Fintech news, Global trends, Hotnews

May 18, 2017

107

LendUp launches a better credit card for people looking to improve their credit

By Ryan Lawler for Techcrunch

LendUp has spent the last several years helping people who couldn’t get a loan build their credit and improve their financial well-being. Now the company is looking to empower those with little or no credit by giving them access to a credit card with low fees, financial education built in and incentives to spend less and pay off their balance. (more…)

Credit scoring, Credit/Debit/Prepaid cards, Fintech news, Global trends, Hotnews

May 18, 2017

120

Verse grabs $20.5M to take its p2p payments play beyond Europe

By Natasha Lomas for Techcrunch

Social payments app Verse has closed a $20.5 million Series B round of funding from its existing investors. The round is led by Spark Capital, with eVentures and Greycroft Partners also participating. It raised its Series A in October last year, when it took in $8.3M. (more…)

Deals, Fintech news, Global trends, p2p-payments

May 18, 2017

SoFi moves into wealth management

By SoFi

Today, SoFi announced the general availability of SoFi Wealth, the first low-cost online wealth management platform to combine an easy-to-use online and mobile interface with unlimited access to live, licensed financial advisors, giving people the guidance they need to understand, define, and then work toward achieving their investing goals. (more…)

Deals, Global trends, Hotnews

May 17, 2017

146

Fintech unicorn Transferwise moves into the black

Fintech unicorn Transferwise says the company has reached operational profitability six years after launch. (more…)

eWallets, Fintech news, Global trends, Hotnews, news, p2p-payments, Remittances

May 17, 2017

Online Lender Earnest Said to Be For Sale

According to a report by Bloomberg,Earnest is up for sale. The San Francisco based online lender is said to have an asking price of $100 million. Founded in 2013, Crunchbase reports Earnest has raised over $99 million not including an undisclosed sum in a VC round in January 2016 and $200 million of debt financing.

(more…)

Deals, Fintech news, Global trends, Hotnews, p2p/online lending

May 17, 2017