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385

Korean payments app Toss raises $40m

Viva Republica, Korea’s foremost fintech startup and maker of financial services app Toss, announced today that it has completed a $40 million round of funding from GIC and Sequoia China, bringing the company’s total amount of funding raised to $116 million. (more…)

Global trends, Government activities, Payment processors/providers/gateways

June 19, 2018

492

Micro-lending case study: Mynt

FinTech Futures talks to Philippine fintech, Mynt, about the business case and technology behind its current micro-lending efforts and where it is planning to head with other financial services, leveraging the customers and data of its majority shareholder, the country’s largest telco. (more…)

Fintech news, Global trends, PFM/PFP services

June 12, 2018

362

Bingo and Casino: Most Common Payment Methods

There are so many payment methods in use these days, with users gravitating to ones that offer additional security. Within the world of iGaming, there are some methods that are proving much more popular than others. (more…)

Global trends

June 12, 2018

Fabrick launches to create Open Banking ecosystem

Within the framework of Money 20/20, Europe’s premier event dedicated to Fintech innovators and visionaries, Fabrick is born, the collaborative evolution of Open Banking, conceptualised to help design the future of the sector, leveraging on the new paradigms forged by technological innovation. (more…)

Fintech news, Global trends

June 7, 2018

India and Singapore sign fintech MoU amidst ongoing joint projects

India and Singapore signed a memorandum of understanding (MoU) to establish a joint working group (JWG) to strengthen cooperation in financial innovation between the two countries. (more…)

Global trends, Government activities

June 7, 2018

Banco BNI Europa in lendtech project with Alterest

Banco BNI Europa, a Portugal-based digital bank, has partnered with Alterest, a European loan data and intelligence platform, “to streamline investment analytics and risk management between the bank and its credit originating partners”. (more…)

Fintech news, Global trends

June 7, 2018

456

TransferWise nets first big EU bank customer

France’s second-largest bank, BPCE Groupe, is to become the first in Europe to directly integrate with TransferWise to offer mobile money transfers to its 15 million customers. (more…)

Banks, Global trends, Hotnews, Remittances

June 4, 2018

361

ING backs FinCompare, the German comparison platform for SME financing

FinCompare, the German fintech startup that offers a comparison platform for SME financing, has closed €10 million in Series A funding. The round is led by ING Ventures, the venture capital arm of dutch bank ING. The company’s previous backers Speedinvest, and UNIQA Ventures also followed on. (more…)

Banks, Fintech news, Global trends

June 4, 2018

Dwolla launches pay-as-you-go payment offering, Start

Payments platform Dwolla has introduced a new product plan, reports Julie Muhn at Finovate. It’s called Start, and it offers a white-labelled, out-of-the box way for businesses to send and receive money without a large time or money commitment.

(more…)

Fintech news, Global trends

June 4, 2018

Mobile banking case study: RBC – farewell friction

Royal Bank of Canada (RBC) is moving with the times with a series of useful innovations and launches.

RBC has been proactive with its digitisation strategy. Instead of aiming to offer all things to all people it has instead chosen to focus on best use of technology in areas where there is a real friction point and a problem to be solved. By doing this it has added value to its customer base and seen impressive take up figures of its various initiatives.

Its most recent play was a mass scale artificial intelligence (AI) digital service, NOMI. This offers its customers insights about their financial habits and the ability to automate their savings. Its mobile offering meanwhile, has seen new iterations based on building its P2P capability and it is also in the throes of introducing a loyalty scheme and other partnerships to bolster its offering.

(more…)

Banks, Fintech news, Global trends

June 4, 2018

LP survey results: What LP’s are saying about emerging venture manager funds

This post serves a part one of a two part series that Beezer Clarkson at Sapphire Ventures and I are co-authoring to help VC’s (specifically emerging managers) navigate through fundraising cycles and engender better and more relevant relationships with LP’s. (more…)

Fintech news, Global trends

June 1, 2018

12 Top Crypto Influencers Share Thoughts on the Future

By Matt Ward Angel Investor,

The internet is filled with spammy top 10 lists. Unfortunately clickbait seems to be all anyone is interested in publishing.

(more…)

Cryptocurrencies, Fintech news, Global trends

May 31, 2018

How Much Should You Raise in Your VC Round? And What is a VC Looking at in Your Model?

By Mark Suster from UpFront Ventures for his blog

There’s a quick litmus-test conversation any early-stage VC will have with the founder and it’s one that you should be as prepared for as your elevator pitch. It goes something like this …

(more…)

Global trends, Influences FinTech

May 31, 2018

387

Starling seeks new funding; dumps TransferWise

UK challenger Starling Bank is reportedly in the early stages of raising £80 million in new funding as it rounds out its business banking offering and competes for a £120 million grant from the RBS bail-out fund. (more…)

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

May 31, 2018

Digital bank Lidya lands $6.9m funding

Nigeria-based digital bank Lidya landed a fresh round of funding, reports Julie Muhn at Finovate. The bank pulled in a Series A round totaling $6.9 million, an amount that marks the round as one of Nigeria’s largest tech investments. (more…)

Fintech news, Global trends, PFM/PFP services

May 31, 2018

324

Form3 and Mambu unveil real-time cloud payments

Cloud payments platform Form3 has joined forces with Software-as-a-Service (SaaS) banking engine provider Mambuto launch a cloud-native and pre-integrated payments processing service. (more…)

Fintech news, Global trends

May 31, 2018

Personal finance app Fintify readies for UK-India launch

UK-based cross-border personal finance app Fintify is preparing to launch into beta as it aims for the non-resident Indian (NRI) market. (more…)

Fintech news, Global trends, PFM/PFP services

May 31, 2018

Deutsche Börse cuts 350 jobs to invest €270m in fintech

So many plansDeutsche Börse is cutting jobs to spend big on fintech with a €270 million funding plan to invest in blockchain, big data analyses, cloud computing, robotics and artificial intelligence (AI).

 

 

 

 

There are no specifics yet as the money will be used to “enhance efficiency in the existing businesses” or “boost profits”. (more…)

Fintech news, Global trends

May 31, 2018

320

ABN Amro deploys financial coaches to turn silver surfers onto mobile banking

The silver surfers are on the rise, with 90% of ABN Amro’s customers over the age of 65 using internet banking, although just a quarter access their accounts via mobile phones. (more…)

Banks, Fintech news, Global trends

May 30, 2018

469

Goldman Sachs leads $250m Tradeshift funding round

Supply chain finance outfit Tradeshift has joined the unicorn club after closing a $250 million Series E funding round led by Goldman Sachs and Public Sector Pension Investment Board. (more…)

Banks, Fintech news, Global trends, Hotnews

May 30, 2018

417

Ant Financial signs third Chinese bank technology deal

Ant Financial, the financial services spin-off of e-commerce giant Alibaba, has added another string to its bow, signing its third deal this month as a strategic technology supplier to the Chinese banking industry. (more…)

Global trends, Hotnews

May 30, 2018

316

Acorns Has More Than 3.5M Customers, 100,000 For Retirement

(more…)

Global trends

May 30, 2018

267

PayPal acquires AI predictive retail startup Jetlore

Payments provider PayPal today announced plans to acquire Jetlore, a San Mateo-based startup that specializes in artificial intelligent retail systems, for an undisclosed sum. (more…)

Global trends, Payment processors/providers/gateways, Payment systems

May 30, 2018

561

Utility vs Security: New $10 trillion tokenisation wave approaches?

By Alexey Shadrin, CEO at EverCity

Wild West crypto days are over. We knew that for a while now, but this week regulatory bodies all over the world came cracking down on ICOs with a series of anti-fraud investigations. Seems like it’s time to play safe. But what IS safe?

(more…)

Blockchain, Fintech news, Global trends

May 29, 2018

773

Rakuten invests in UK payments group Azimo

Move reflects fast-growing market for challengers to traditional way of sending money

(more…)

Fintech news, Global trends, Hotnews

May 29, 2018

364

KPMG and MAS Schedule Second Global Fintech Hackcelerator for the 2018 Singapore FinTech Festival, Accepting Applications Now

For the second year running, KPMG Digital Village and the Monetary Authority of Singapore (MAS) will be organizing the Global FinTech Hackcelerator for the 2018 Singapore FinTech Festival. (more…)

Banks, Global trends, Government activities

May 29, 2018

458

WeInvest Raises $12.3 Million for its WealthTech Platform

By Julie Munh for Finovate

B2B digital wealth management solutions provider WeInvest has taken in an investment of its own today. The Singapore-based company just closed on $12.3 million in Series A funding. (more…)

Fintech news, Global trends, Hotnews

May 28, 2018

654

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

570

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

390

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