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Global trends
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227

Starling Bank moves into merchant acquiring

By Starling

Starling Bank is to expand its payment services business and will become the first UK challenger bank to offer Merchant Acquiring services. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

February 21, 2018

197

Deutsche Bourse to run crypto asset contest

Deutsche Bourse is inviting entry’s for a coding competition to create new business applications for crypto assets, reflecting the increasing interest in virtual currency markets by established financial firms (more…)

Fintech news, Global trends

February 20, 2018

252

Google’s P2P payments app Tez now handles utility bills

By Google,

Paying bills takes time, whether it’s queuing, hopping around to multiple offices, or jumping between apps. (more…)

Fintech news, Global trends

February 20, 2018

Digital Fintech Specialist Wirecard Expands Collaboration With ReiseBank

Wirecard, a Germany-based global provider of digital payments and commerce solutions, announced this week it has expanded its expanding its collaboration with German bank, ReiseBank. The duo recently rolled out the mobile banking app bankom. (more…)

Banks, Global trends, Mobile-first banks

February 19, 2018

214

Millions of Dollars Are Waiting to Flood Into Cryptocurrencies But They’re Stuck on the Sidelines – Here’s Why

Do you know who the major players are in the crypto space right now?

It’s the “WHALES” aka people with at LEAST several million dollars worth of cryptos in their possession, in “old school” financial terms these are the people known as “High Net Worth Individuals” (HNWI).

(more…)

Cryptocurrencies, Global trends

February 19, 2018

198

Santander InnoVentures joins $25m Roostify funding round

San Francisco-based digital lending platform provider Roostify has closed a $25 million Series B financing round joined by Santander InnoVentures, Cota Capital and Point72 Ventures. (more…)

Banks, Fintech news, Global trends

February 16, 2018

236

BinckBank to Disrupt Dutch Savings Market with Raisin Partnership

BinckBank N.V.  is poised to disrupt the Dutch savings market as the online bank will be the first to offer its clients access to European savings products via a partnership with Raisin. BinckBank serves more than 614,000 account holders with assets of € 22.7 billion as of December 31, 2016. (more…)

Fintech news, Global trends

February 15, 2018

171

Wirecard digitizes banking services for ReiseBank’s bankomo app

By Wirecard,

Wirecard, the digital financial technology specialist, is today expanding its collaboration with ReiseBank, the market leader in the field of travel money in Germany. (more…)

Global trends, Payment processors/providers/gateways

February 15, 2018

168

94-Year-Old Berkshire Hathaway VP: It’s ‘Disgusting’ People Buy Bitcoin

Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as “totally asinine” Wednesday in what some consider will be one of his last public forums, Financial Times reports Thursday, Feb. 15. (more…)

Blockchain, Global trends, p2p-payments

February 15, 2018

269

Monzo given go-ahead to ‘passport’ banking licence to Republic of Ireland

By Steve O’Hear for TC

Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, has announced the first step in its plans for international expansion with news that is has regulatory approval to operate in the Republic of Ireland. (more…)

Banks, Fintech news, Global trends, Hotnews, Influences FinTech, Mobile-first banks

February 14, 2018

252

Revolut expands into Apac region

By GPS

Global Processing Services (GPS), part of Rt. Hon. Lord Mayor of the City of London’s UK Business delegation which are currently in Australia this week; announces today that it has been selected to be the payment issuer processor for multi-currency FX money app Revolut, for the future launch of their app in the APAC region starting with New Zealand, Singapore and Japan. (more…)

Banks, Fintech news, Global trends, Hotnews, InspirAsia

February 14, 2018

146

Asia news roundup: Funding for Lendingkart, Warung Pintar, and Masii

By Jack Ellis for Tech in Asia

Here are the top headlines from the past few days. (more…)

Fintech news, Global trends

February 14, 2018

120

Ripple Partners With Saudi Arabian Monetary Authority To Offer Pilot Program For Banks

Ripple has announced an agreement today, Feb. 14, with the Saudi Arabian Monetary Authority (SAMA) to provide support for Ripple’s cross-border payments technology to banks in the Kingdom of Saudi Arabia (KSA). (more…)

Blockchain, Cryptocurrencies, Global trends

February 14, 2018

121

South Korea vows firm action against illegal, unfair cryptocurrency trading

South Korea said it will take firm action against illegal and unfair acts in cryptocurrency trading after a 280,000 signature petition was sent to the presidential Blue House. (more…)

Global trends, Government activities

February 14, 2018

197

DBS, OCBC, UOB all post double-digit growth for Q4 FY17

ALL three of Singapore’s banks posted double-digit profit growth for the fourth quarter, with DBS Bank and OCBC Bank leading the way as their bottom lines rose 31 per cent each. (more…)

Banks, Global trends, Hotnews

February 14, 2018

235

Crypto ‘Unlikely To Disappear’, Says Internal Report Attributed To J.P. Morgan

J.P. Morgan has called cryptocurrencies the “innovative maelstrom” around Blockchain and said they are “unlikely to disappear” in what appears to be an internal report from the company, published Feb. 8, 2018. (more…)

Cryptocurrencies, Global trends, Hotnews

February 11, 2018

UK fintech hoovered up record-breaking VC investments in 2017

Venture capital investment in UK fintech firms more than doubled in 2017 to reach $1.8 billion, with 54% of the total coming from overseas VCs who appear largely untroubled by the UK’s imminent break from the European Union. (more…)

Analytics, Global trends

February 8, 2018

337

OurCrowd Predicts Tech Trends for 2018

OurCrowd, one of the largest investment crowdfunding platforms in the world, held their annual summit at the International  Convention Center in Jerusalem this past week. Beyond the presentations by the many cool tech startups that make up their portfolio companies,  OurCrowd took a moment to share their insight into tech trends for the coming year.

Israel, known at the “Innovation Nation,” is a hotspot for tech startups. Practically everyone in the country is either involved with a startup or a venture capitalist backing promising young firms. And that is the truth.  Last year, OurCrowd predicted the cryptocurrencies / Blockchain will be a big deal during 2017. They nailed that one.

So what does OurCrowd foresee for this coming year? On their list of the top ten tech trends for 2018 include:

  1. Construction goes digital: Digitization can reduce costs by 45% while minimizing delays
  2. Quantum computing will challenge CyberSecurity: computing performance is making incredible leaps
  3. Smart Mobility: IoT with information available everywhere – especially your smart car
  4. Artificial Intelligence attacks white collar jobs: It is not just blue collar jobs that are being revolutionized. AI is looking at you… think attorneys .. think accountants and oh so much more.
  5. Blockchain for Currency: This one may seem more obvious but OurCrowd says the “Crypto Dollar” is around the corner
  6. Vegan Meat: For dedicated omnivores this one may be tough to swallow but food engineering will allow the Vegans among us to “chow down on meat.”
  7. General Data Protection Regulation or GDPR: Privacy is important. And violating individual privacy will become expensive (especially in the EU)
  8. Prescriptions Drugs: Personalized medicine will soon become the rule, not the exception
  9. Baby Boomers are Digitally empowered: It is not just about the Millennials and GenXers. BabyBoomers will help drive new technology.
  10. Offline becomes Cool: Sure Amazon is disrupting everything but offline commerce will get smart. The digital mobile experience will penetrate the offline shopping experience.

See the OurCrowd Tech Trend slides embedded below.

https://cdn.crowdfundinsider.com/wp-content/uploads/2018/02/OurCrowd-Predictions-for-2018.pdf

 

Crowdfunding/investing, Fintech news, Global trends

February 6, 2018

318

FinTech Should Face Banking’s Regulations, According To Finance Chiefs

European financial leaders believe technology players like Facebook and Google are moving in on their turf, abetted by the fact that they don’t face the same regulatory limitations their counterparts in traditional banking do. (more…)

Banks, Global trends, Government activities, Hotnews

February 5, 2018

Ohpen raises EUR25 million for overseas expansion

Core banking provider Ohpen has closed a €25 million Series C investment round with PE firm Amerborgh as it prepares to take its SaaS-based platform into new territories. (more…)

Deals, Fintech news, Global trends

February 5, 2018

405

PayPal stutters as eBay scraps 15-year relationship

Digital auction house eBay is terminating a 15-year relationship with PayPal and instead turning to Amsterdam-based Adyen as its primary payments provider at the checkout. (more…)

Global trends, p2p-payments, Payment processors/providers/gateways

February 2, 2018

Overstock launches robo-advisor digital investment platform

By Overstock

Overstock.com (NASDAQ: OSTK) announces the launch of a digitally driven investment platform, powered by tZERO Advisors, within the online retailer’s FinanceHub™. (more…)

Global trends, Wealth management

February 2, 2018

Unicredit launches iPhone-only buddybank

Italy’s Unicredit is trying to give banking’s staid image a makeover and make it “cool” through the launch of a mobile-only subsidiary called buddybank. (more…)

Banks, Fintech news, Global trends, Mobile-first banks, p2p-payments

February 2, 2018

480

Santander invests in Autofi

Santander’s fintech venture fund is to make an investment in Autofi, a US financial technology company that helps customers select and finance vehicles through their car dealers’ website and reduce the time it takes to complete the sale. (more…)

Banks, Global trends, Hotnews

February 2, 2018

British banks simplify SME account opening process

A group of British banks have come together to simplify the account opening process for small businesses, working with trade body UK Finance on a checklist of details and documents firms will need for their applications. (more…)

Banks, Fintech news, Global trends, Mobile-first banks

February 2, 2018

406

Facebook Bans Cryptocurrency, ICO Ads Because Of ‘Deceptive Promotional Practices’

By Andrew Marshall for CoinTelegraph

Facebook has updated its advertising policy, announcing in a blog post Tuesday, Jan. 30 that it prohibits ads that use “misleading or deceptive promotional practices,” which, according to the social media platform, includes ads of cryptocurrencies and Initial Coin Offerings (ICOs). (more…)

Cryptocurrencies, Global trends

January 31, 2018

503

Moven signs MoU with Japan’s SBI Holdings

Japanese financial service giant SBI Holdings is to invest in PFM provider Moven and establish a joint venture to sell the company’s technology in Asia. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

January 31, 2018

GoCompare opens up APIs to fintech firms

UK price comparison site GoCompare is opening up its APIs to fintech firms, letting them pump in anonymised transaction data for analysis.

The Machine Learning for Fintech project will give free access to APIs focused on transaction categorisation, merchant identification and insight on predicted spending.

(more…)

Global trends, Open Source/ API

January 31, 2018

295

MoneyGram CEO Plans Waves With Ripple

Headlines swirl around the price of bitcoin and its cryptocurrency cousins, around psychological barriers tied to $10,000 thresholds, around raids on suspect operators, around tax rates in South Korea and hacks of crypto exchanges. (more…)

Cryptocurrencies, Fintech news, Global trends, Remittances

January 30, 2018