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205

BBVA ports 92% of product portfolio to the mobile

BBVA’s mobile banking strategy is picking up pace, with the bank predicting that virtually its entire portfolio of Spanish banking products will be available as an app-based service by year-end. (more…)

Banks, Global trends, Mobile-first banks

September 25, 2017

I got a golden ticket: What I learned about APIs in my first year at Google

A year ago, I found a job in one of the world’s biggest API companies. You probably know us for Search, Mail, Maps, or any of the dozens of apps that we have in the Android and iOS app stores. Those apps range all the way from delivering YouTube, one of the largest sources of worldwide internet traffic, to fun VR demonstrations about Abbey Road and The Bohemian Rhapsody. We have a lot of apps, and another thing that we do a lot is build data centers.

(more…)

Columns, Global trends

September 25, 2017

294

Digitised Banking is Now… Digital Banking is the Future

By Kunal Patel – Startupbootcamp/Supercharger FinTech Accelerators

The intention of this short article is not to talk about digital banking being the future, we all know it is and will be. I do feel there needs to be a clear distinction between what we’re seeing now, what we’ll see in the future and terminology. (more…)

Fintech news, Global trends

September 25, 2017

152

Elevate Report: Too Many Gen-Xers Lack Financial Stability

Elevate (NYSE: ELVT) is out with a report stating that members of Generation-X, the rapidly aging population that followed the Boomers, born between 1965 and 1980, are facing economic challenges that constantly keep them off balance. Yes, Baby Boomers do suck. They Hoovered up all of the public benefits in a spending party and left ensuing generations (Gen-X and onward) riddled with debt and a government populated by nincompoops. Gen-Xers are enjoying now the impact of the Baby Boomer generated hangover (minus the party the night before). (more…)

Fintech news, Global trends

September 25, 2017

162

Evolution Of Data Structures In Yandex.Metrica

By Scalability

Yandex.Metrica is the world’s second largest web analytics system. Metrica takes in a stream of data representing events that took place on sites or on apps. Our task is to process this data and present it in an analyzable form. (more…)

Columns, Global trends, Hotnews

September 25, 2017

160

How Much Should A SaaS Startup Invest In Sales & Marketing?

By Tomasz Tunguz from Redpoint Ventures

How much should a SaaS startup invest in sales and marketing at different stages of the business? This is a very nuanced question, but benchmarks do provide some guidance for what is reasonable. Sales and marketing investment depends on many different factors including establishing product market fit, the business’s sales model (inside, field, freemium), and not least, cash balance and fundraising capacity. (more…)

Columns, Global trends, Hotnews

September 25, 2017

Deliveroo raises $385M in new funding, now valued at ‘over $2 Billion’

Deliveroo, the London headquartered restaurant food delivery startup, has raised $385 million in new funding, giving it a valuation of “over $2 billion,” according to the company. (more…)

Deals, Global trends

September 25, 2017

199

ABN Amro online lending startup New10 opens for business

ABN Amro is promising credit-worthy small businesses a decision on a loan application in 15 minutes through a home-grown fintech startup, dubbed New10. (more…)

Banks, Global trends, Hotnews, p2p/online lending

September 22, 2017

185

German central bank flags DLT weaknesses

Deutsche Bundesbank has dampened the blockchain hype, dismissing distributed ledger technology’s prospects in retail payments, at least in the eurozone, and pouring cold water on central bank-issued digital currencies. (more…)

Banks, Fintech news, Global trends

September 22, 2017

1137

Solving the Most Painful Fintech Problem

The Inconspicuous Great Pain of Fintechs and Their Clients: How to Solve It?

According to the Money of the Future research, fintech has been the No. 1 of all venture capital industries for the second year in terms of attracted capital, especially in Asia. However, most of these companies each time face the same problem – KYC and quick customer “landing” during registration.  (more…)

Blockchain, Global trends, Hotnews, Security

September 22, 2017

203

Engaging customers: The evolution of Asia–Pacific digital banking

By Vinayak HV, Stuart Kamp, Sergey Khon, and Gillian Lee for Mckinsey Insights

Consumers across the region are adopting digital banking. Our latest study finds banks must act quickly to take full advantage. (more…)

Analytics, Columns, Fintech news, Global trends, Hotnews

September 21, 2017

147

Ex-Barclays chief Jenkins gets Ping An backing for fintech startup

Former Barclays chief executive Antony Jenkins has raised £34 million in a funding round led by Chinese insurer Ping An to help bring his new fintech startup to Asia, according to the Financial Times. (more…)

Global trends, Hotnews, Open Source/ API

September 21, 2017

Want to Really Understand What all the Hype of Cryptocurrency is About?

By Mark Suster from UpFront Ventures for his blog

If you read the headlines you may well think cryptocurrencies are a either a radically new way of paying that is our savior from ossified, corrupt governments or on the other side that they are speculative Ponzi schemes. The reality of course is that cryptocurrencies can be both and can be liberating and corrupting at the same time. (more…)

Cryptocurrencies, Global trends, Hotnews

September 20, 2017

106

Asia-Pacific Alternative Finance Rises to a Quarter Trillion Dollars in 2016 led by China

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it rose to $245.28 billion delivered mainly by the huge China market. The alternative finance sector in Asia-Pacific totaled $102.8 billion in 2015, the first year for the survey. The research is based on data collected from 628 platforms across the Asia-Pacific region, including 463 from China and 165 platforms from the wider region. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

September 20, 2017

124

Tomorrow looks to make it easier to draw up plans for a will and life insurance

by  for Techcrunch

Talking about filling out a will and setting up life insurance is probably one of the more sensitive subjects you’ll tackle as you get older — but Dave Hanley says it’s something that a lot of people end up dodging altogether. (more…)

Global trends, Insurance

September 20, 2017

112

Jewel Paymentech Puts Banks On Par With FinTechs

There’s one thing banks and FinTechs can agree on: Those old-fashioned merchant onboarding processes take way too long. But nimble FinTechs have been able to move much faster to address that compared to their lumbering legacy competitors, and that has often left traditional banks to watch as merchants turned to the FinTechs instead. (more…)

Banks, Global trends, Payment processors/providers/gateways

September 20, 2017

JPMorgan seeks to banish paper payments with fintech venture

JPMorgan Chase is partnering with another fast-growing technology firm, this time to help business clients eradicate paper checks. (more…)

Banks, Fintech news, Global trends

September 20, 2017

SEC Thailand’s Viewpoint on ICO

by Fintechnews.sg

he Securities and Exchange Commission, Thailand (SEC Thailand) has been following the development and the growing popularity of initial coin offerings (ICO). (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews, InspirAsia

September 20, 2017

147

Ant Financial Offers Face Scan Service For Package Pickup In China

(more…)

Global trends, Hotnews, Payment processors/providers/gateways

September 18, 2017

159

Filecoin Provides Details on Huge ICO on CoinList

Filecoin, by Protocol Labs, closed their Initial Coin Offering on September 7th but it appears it has taken some time to regroup and count all of the digital coin that flooded into the first ICO to bless the pages of CoinList. (more…)

Cryptocurrencies, Global trends, Hotnews

September 18, 2017

164

Google debuts Tez, a mobile payments app for India

By Ingrid Lunden for Techcrunch

After several weeks of speculation and leaked details, today Google officially unveiled its first big foray into mobile payments in Asia. The Android and search giant has launched Tez, a new mobile wallet in India that will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online, and for person-to-person money transfers. (more…)

Deals, Fintech news, Global trends

September 18, 2017

Raisin takes on business deposit market

European financial deposit marketplace is moving into corporate banking territory, offering German business owners the opportunity to open term deposit accounts from its panel of banks. (more…)

Global trends, Hotnews

September 15, 2017

166

IZettle rolls out invoice service in the UK

By IZettle

iZettle empowers small businesses to grow, helping them accept card and cash payments and manage their business operations, in addition to providing services such as small business funding. (more…)

Deals, Fintech news, Global trends, Hotnews, Mobile payments/banking, POS/mPOS and online acquiring

September 15, 2017

133

Alphabet is reportedly mulling a $1B investment in Lyft

By Mathew Lynley for TechCrunch

It’s about as good a timing as any for Lyft to capitalize on the tidal wave of negative publicity that Uber is facing right now, and it looks like it might end up with a significant investment from Alphabet in the middle of that train wreck, according to a report by Axios. (more…)

Global trends

September 15, 2017

272

Open Banking: Open for Business or Closed to Progress?

By Pau Velando – Strands

The future of banking is indisputably Open Banking. Open in all senses of the word: transparency, ease of access to information and a place at the table for new market players. (more…)

Banks, Global trends

September 13, 2017

155

China’s ICO ban makes more sense in light of its history with fintech

By Nik Milanovic for Techcrunch

China’s decision to freeze fundraising through initial coin offerings continues to roil markets, but the regulatory decision may not be as controversial as the response from the bitcoin community would lead observers to believe. (more…)

Cryptocurrencies, Global trends, Hotnews, InspirAsia

September 13, 2017

Envestnet/Yodlee debuts AI-based FinCheck Wellness app

By Envestnet / Yodlee

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, is demonstrating its vision of the Artificial Intelligence (AI) FinCheck app at FinovateFall in New York City. (more…)

AI / Machine Learning / Big Data, Analytics, Deals, Fintech news, Global trends

September 13, 2017

Insurtech Finaeo Completes Oversubscribed $2.25 Million Seed Investment Round

Canadian-based CRM platform Finaeo announced last week it has completed its Seed Round, which oversubscribed and raised $2.25 million. The round was led by Impression Ventures with participation from 500 Startups, Robo Ventures, iGan Partners, and Toronto angel investors. (more…)

Global trends, Hotnews, Insurance

September 13, 2017

Monzo Teams Up With Deliveroo For New “Split the Bill” Feature

Crowdcube success and fintech company Monzo announced it has teamed up with Deliveroo for a new feature, Split the Bill. Deliveroo designer, James Storer, revealed details about the new app feature:

“At Deliveroo, ‘split the bill’ is probably one of our most requested features, and it’s been on our roadmap since I joined the company over two years ago. In that time, we’ve done email surveys, phone interviews and multivariant tests to try and definitively prove its worth. We also ran a really cool user research session by inviting a group of friends to our research lab (set up to look like a living room) and asking them to relax, watch Netflix and play video games while placing an order. This let us observe their group ordering habits and see how they split the cost between themselves.”

(more…)

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

September 13, 2017

Orchard Launches New Platform: Orchard Deals Matches Global Investors & Originators to Boost Online Lending Market

Orchard Platform has rolled out Deals, operated by Orchard Platform Markets, LLC, a wholly-owned subsidiary, SEC-registered broker-dealer, and member of FINRA and SIPC. Deals is a global market where loan originators may discover low cost financing and institutional investors can connect, evaluate, and move forward with multiple transactions. Orchard says this is the next step in their company’s evolution as they continue to provide vital services to the global online lending industry. (more…)

Fintech news, Global trends, p2p/online lending

September 13, 2017