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209

PayPal and Google bind payment rails

PayPal and Google are extending their relationship across the search giant’s entire ecosystem, including Gmail, YouTube, Google Pay and Google Store. (more…)

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

May 25, 2018

144

Adyen confirms plans for IPO

Payments processor Adyen is chasing a $9 billion valuation after confirming its intent to sell 15% of its shares in an IPO on Euronext Amsterdam. (more…)

Global trends, Hotnews, Payment processors/providers/gateways

May 25, 2018

130

Singapore Warns Eight Cryptocurrency Exchanges, MAS Halts Single Initial Coin Offering

By MAS,

The Monetary Authority of Singapore (MAS) has issued a warning to eight cryptocurrency exchanges operating in Singapore. The notice told the exchanges NOT to facilitate trading in digital tokens nor future contracts without the explicitly authorization by MAS. The warning targeted security tokens and it was not immediately clear if the warning impacted alleged non security tokens. MAS also told an initial coin offering to cease the sale of the digital tokens in Singapore. MAS did not mention the exchanges nor ICO by name. (more…)

Global trends, Government activities

May 25, 2018

144

Nordea takes a caning over delivery of EUR500 notes to foreign exchange bureaux

On Thursday 24 May Operation X, a programme broadcast by the Danish television channel TV2, will put the spotlight on Nordea’s role in delivering foreign exchange to foreign exchange bureaux. (more…)

Banks, Fintech news, Global trends

May 25, 2018

135

P2P Lender RateSetter Has Now Topped £2.5 Billion in Loan Originations.

UK based peer to peer lending platform RateSetterhas topped £2.5 billion in loan originations, according to a note from the company. The online lender provides credit to both individuals and UK SMEs. The milestone comes just as RateSetter announced that it had generated £100 million in interest for its investors, without any losses to investors since the company was launched in 2010. RateSetter has incorporated a provision fund to mitigate investor risk and so far the fund has been effective. To date, investors have earned, on average, 4.4%. (more…)

Global trends, p2p-payments, p2p/online lending

May 25, 2018

Paypal CFO Talks Venmo Mobile App and Says Paypal Will Transmit Crypto “If it Stabilizes”

After a fairly flat quarter of stock performance in Q1 2018, PayPal CFO John Rainey sat down with CNBC “Mad Money” host Jim Cramer last week to discuss growth of the company, plans for its mobile payment app Venmo and the possibility of enabling crypto payments on its platforms in the future. (more…)

Banks, Fintech news, Global trends

May 25, 2018

152

MIT’s Interesting Proposal for a More Stable Financial System

On the 16th of January 2018, three diamond firms approached Punjab National Bank requesting LOUs. (Letter of Understanding is a form of bank guarantee under which its customers can raise money from any other Indian bank’s foreign branch in the form of a short-term credit). Punjab National Bank demanded 100% cash margins (profitability) as a common requirement to issue LOUs. But, the firms responded back stating this requirement was not enforced for the previous LOUs they received since 2010. (more…)

Fintech news, Global trends

May 25, 2018

197

Digital banking transformation creating new systemic risks

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance. (more…)

Banks, Global trends

May 22, 2018

272

10 digital wallets in India 2018

The world banking and financial transactions have seen a sudden change in the way people make payments which are majorly due to the use of online payment gateway. This has become even more convenient with the use of Mobile apps. The e-commerce has laid a strong requirement along with many others which have made many people not just trust these apps but frequently use them. The online payments which required the use of credit card or debit card details are now replaced with these wallets which keep their own balance and directly make payments without having to look for additional information. (more…)

eWallets, Fintech news, Global trends

May 20, 2018

320

Stripe and JCB sign MoU

By Stripe,

Stripe, Inc. and JCB Co., Ltd. announced the signing of an MOU for a global partnership aiming for JCB brand acceptance at all internet merchants using the Stripe payment platform. (more…)

Fintech news, Global trends

May 18, 2018

232

Why crypto must comply or die

Inadequate oversight can create industry crises — an effect we are starting to see in crypto. Over the last year, tokens have been at the centre of multiple global hacks and large-scale fraud – such as the theftof $400 million in Coincheck tokens, the Parity coding error that froze over 513,776 ETH, the PlexCoin ICO which saw the SEC freeze $15m worth of assets and jail the founder, and the Pincoin scam that left investors short by $660 million with the founders still at large. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

May 18, 2018

EToro to launch crypto offering in US

By Etoro,

With the belief that all assets will be digitized in the future, leading investment platform eToro has announced it will launch a cryptocurrency offering in the United States. (more…)

Fintech news, Global trends

May 16, 2018

Sberbank and MTS issue first Russian bonds on a blockchain

Sberbank and telco MTS have implemented the first Russian issue of commercial bonds via smart contracts utilising a blockchain platform developed by National Settlement Depository. (more…)

Banks, Cryptocurrencies, Fintech news, Global trends

May 16, 2018

198

Payoneer makes moves to simplify the way US SMBs pay and get paid globally

By Payoneer,

Payoneer, an innovative cross-border payments company transforming the way businesses send and receive funds globally, announced today new investment and support for US sellers and SMBs that address the unique needs of American businesses doing business globally. (more…)

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

May 16, 2018

232

Revolut expands payments feature to friends nearby

By Revolut

Sending and requesting money is one of the most popular features among Revolut users, and we’ve just made it even better. (more…)

eWallets, Fintech news, Global trends, Hotnews, Mobile-first banks

May 16, 2018

223

Morgan Stanley to offer market insights on Alexa devices

 

Morgan Stanley is to offer voice-powered market insights and investment ideas available to clients using all Alexa-enabled devices.

Listeners will be able to tune in to timely insights drawn from Morgan Stanley’s Equity and Fixed Income Research as well as podcasts and other original content.  (more…)

Banks, Fintech news, Global trends, Hotnews

May 16, 2018

SeedInvest Publishes Report on Investor Returns, Delivers IRR of 17.4%

SeedInvest, one of the largest investment crowdfunding platforms in the US, has released a performance report on investor returns. SeedInvest has been in operation since 2013 following the creation of accredited crowdfunding under Title II of the JOBS Act (Reg D 506c). Since that date, SeedInvest has become a full stack crowdfunding platform offering investments in the three different crowdfunding exemptions to both accredited and non-accredited investors. (more…)

Fintech news, Global trends

May 16, 2018

Prosper Announces First Quarter of 2018 Results: Loan Originations Up 27% Year-over-Year & More Than $2 Billion of Co-Sponsored...

Prosper, a peer-to-peer lending platform connecting borrowers and investors, reported earlier this week its financial results for the first quarter of 2018. The online lender revealed that loan originations increased 27% year-over-year to $744 million, driven by strong demand for the company’s personal loan product and stable funding. (more…)

Fintech news, Global trends, Hotnews

May 16, 2018

180

Are your mobile payments safe?

Online deals become more and more popular now. There are almost 5 billion mobile device owners and a lot of them use virtual money. According to Deloitte, 31% of people from 18 to 24 years old use mobile payments frequently. It rises to 36% for the group from 25 to 34 years old, meaning that more than 2/3 of young population are familiar with online transactions! (more…)

Fintech news, Global trends, Mobile payments/banking

May 16, 2018

195

The Future ART Augmented Reality Technology in Banking

By Pooja Golakonda – Edgeverve

I still remember seeing science fiction movies in my child hood where suddenly a 3D display would emerge from nowhere followed by some quick actions. I always thought it was fiction until I read about the Augmented Reality technology. Although this technology debuted in 1968, it came to common man’s notice only with Google Glass in 2014. This was followed by Microsoft Hololens, snapchat camera filters and Magic Leap One headset to mention a few. This is also the same time when banks were preparing themselves to understand and embrace this technology. As I write this blog, there is this discovery that it is more than what it seems to be like to use this technology. (more…)

Banks, Global trends

May 14, 2018

Southeast Asia’s Carro raises $60M for its automotive classifieds and car financing service

Carro, an automotive classifieds service and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia. (more…)

Banks, Global trends

May 14, 2018

300

Robinhood raises $363m for $5.6bn valuation

Fee-free stock trading app Robinhood has seen its value soar to $5.6 billion after closing a $363 million Series D funding round led by DST Global. (more…)

Global trends, Hotnews

May 11, 2018

289

Apple partners Goldman Sachs on credit card – WSJ

Apple is teaming up with Goldman Sachs to launch an Apple Pay-branded credit card next year, according to the Wall Street Journal. (more…)

Fintech news, Global trends

May 11, 2018

A Crypto-Trading Uber Driver And A Billionaire’s Spat Over Candy – On The Importance Of Sticking To Your Strategy

By Tomasz Tunguz from Redpoint Ventures for his Blog

At Redpoint’s annual investor meeting earlier this year, I quipped, “The day-trading taxi drivers of the dotcom era have been replaced by crypto-trading Uber drivers.” But over the weekend, a grizzled Uber driver with a mane of grey hair and wind-and-sunburnt cheeks asked me about crypto. “Can you explain to me why public key/private key technology is important on the Blockchain?” He pointed out the Bitcoin ATM that charges 10% from his cigarette-infused Prius. “That’s for suckers; Coinbase charges only 2%,” he said as we whizzed past. (more…)

Columns, Fintech news, Global trends

May 10, 2018

The awkward state of PayPal

By David O

And the best platform for online money transfer is …

(more…)

Fintech news, Global trends

May 10, 2018

Ayondo posts deeper loss of 6.3m Swiss francs for Q1 despite revenue surging 67.9%

 

HIGHER fees, rebates, client bonuses and betting duty tax, coupled with listing costs and higher finance costs eroded results for newly-listed European fintech firm Ayondo for its first quarter. (more…)

Fintech news, Global trends

May 10, 2018

Creation of a Fintech City to Push Fintech in Philippines

CEZA

By Tom Noda for FintechNews.sg

The plan to create a “fintech city” in the Philippines will be pushing through as rules and regulations have been issued by the Cagayan Economic Zone Authority (CEZA), a government-owned and-controlled corporation tasked to manage and supervise the Cagayan Special Economic Zone and Free Port (CSEZFP) development. (more…)

Fintech news, Global trends, InspirAsia

May 10, 2018

Student Loan Genius Raises $4.7 Million in New Funding

Xconomy is reporting that Austin, Texas-based Student Loan Genius has raised $4.7 million in funding. The news was seconded by Austin Business Journal, which added that 11 investors have participated in the round. Both reports – as well as a third from AmericanInno, are based at least in part on a SEC Form D filing, which suggests that the $4.7 million was part of a larger $5.8 million fundraising initiative. As reported, the new capital more than doubles Student Loan Genius’ total equity funding to more than $7 million. (more…)

Fintech news, Global trends

May 7, 2018

316

VCs back new holding company for payments startups

A host of big-name VCs, including Bain Capital Ventures and Nyca Partners, are backing a new holding company planning to build up a stable of innovative payment firms. (more…)

Fintech news, Global trends

May 4, 2018

299

Writing a Finance Case Study: What? Why? How?

Many universities teach their business students using the case method by telling them to write a finance case study. For many students, writing a case study can be the final assignment before getting their degree, and that is why it has to be written professionally in order to get the highest possible marks. (more…)

Global trends

May 3, 2018