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900

The dirty little secret of central banking

By Sebastian Mallaby for Washington Post

Given the spectacle of this year’s presidential race, it is easy to overlook the parallel drama in the world of central banking. But when the monetary priesthood gathers Thursday for its annual seminar-cum-summer camp in Jackson Hole, Wyo., heretics will stalk the halls. The proper objective of a central bank is no longer a settled issue. (more…)

Analytics, Banks, Fintech news, Global trends

August 24, 2016

902

Goldman Signs $100 Million Credit Facility For Online Lender Fundation

By Telis Demos for WSJ

The new credit line will help the firm expand its recent partnerships
Another lending upstart has declared that joining banks—rather than beating them—is the way to go. (more…)

Fintech news, Global trends, p2p-payments

August 24, 2016

The CEO of a $590 million FX company says Brexit showed TransferWise’s peer-to-peer model is ‘incomplete’

By Oscar Williams Grut for Business Insider 

The CEO of one of Australia’s biggest foreign exchange companies says the peer-to-peer technology pioneered by fintech startups like TransferWise is “an incomplete model” that only works in “fair weather.” (more…)

Analytics, Cashless, Global trends, Government activities, p2p-payments

August 24, 2016

869

LendUp fights big banks with $47M for compassionate credit cards

By Josh Constine for Techcrunch.com

Banks win when the poor lose. Credit cards can trap people in debt and bleed them dry with late fees. But it’s this exploitative experience that makes banks vulnerable to fintech startups like LendUp that are willing to undercut them and make up margin with software efficiency. (more…)

Banks, Global trends, Hotnews

August 24, 2016

654

How fintech innovation can snag the attention — and wallets — of the largest generation (VB Live)

By Venture Beat

Banks are starting to catch on — but not quickly enough. Quick-thinking companies leveraging innovations in transactional data analysis are driving millennials to new kinds of financial services. Join our panel of fintech experts to find out what the future of finance innovation looks like — and how to catch the wave. (more…)

Fintech news, Global trends, Hotnews

August 24, 2016

987

The 48 startups that launched at Y Combinator S16 Demo Day 2

By Josh Constine for Techcrunch

The world’s most prestigious startup school launched 48 companies today at part 2 of its Summer 2016 Demo Day. Nanoparticle analytics and delivery robots were amongst the products revealed in the B2B, biotech, enterprise, edtech, fintech, and hardware verticals. You can check out our write-ups of all 44 startups that launched yesterday, andTechCrunch’s picks for the top 7 from the first half of the batch. Today’s startups are below. (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews

August 24, 2016

Fintech’s License to Fail

By Loinel Laurent for Bloomberg

Who would want to be a bank these days? Quite a few technology startups, it seems. (more…)

Analytics, Fintech news, Global trends, InspirAsia

August 24, 2016

Singapore Wants to Boost Its Fintech Startups

BY Chanyaporn Chanjaroen for Bloomberg

Singapore is reviewing the rules for venture capital firms as it attempts to draw more capital to the country’s financial technology startups, according to the head of Singapore’s central bank. (more…)

Banks, Global trends, Government activities, InspirAsia

August 24, 2016

1096

Too many Innovation Labs too few Innovations “Dances With Drums” by Fintech-Hubs and Banks

By Vladislav Solodkiy for Fintech.sg

There are so many innovation labs and too few innovations. (more…)

Analytics, Global trends, Hotnews

August 24, 2016

Big banks plan to coin new digital currency

By Martin Arnold for FT

Four of the world’s biggest banks have teamed up to develop a new form of digital cash that they believe will become an industry standard to clear and settle financial trades over blockchain, the technology underpinning bitcoin. (more…)

Banks, Deals, Fintech news, Global trends

August 24, 2016

770

BOJ may apply ‘fintech’ to its operations in future: Kuroda

By Reuters

Bank of Japan Governor Haruhiko Kuroda said the central bank may apply financial technology, or “fintech,” to its operations in the future given its growing influence on global payments, settlements and financial services. (more…)

Banks, Global trends, Hotnews

August 23, 2016

3 High-Tech Triats for Success In the Digital Economy

by Dinesh Sharma, Vice President of Digital Economy at SAP

Lately, I have been fascinated by the sharing economy and the opportunities it presents. And for that very reason, I rarely miss a chance to talk to an Uber driver when using the service. (more…)

Analytics, Global trends

August 23, 2016

Octopus Investments launches fintech accelerator and inhouse incubator

By Finextra.com

UK fund management house Octopus Investments has launched a fintech accelerator to nurture ‘product-ready’ startups, alongside an inhouse development incubator. (more…)

Fintech news, Global trends

August 22, 2016

808

How fintech can lift the insurance sector

The Insurance Regulatory and Development Authority of India (Irdai) came out with draft regulations for insurance e-commerce in June. Irdai hopes to lower the cost of transacting insurance business, and improve efficiencies and reach through these norms. E-commerce is also seen as an effective medium to improve financial inclusion in a cost-efficient manner, the draft said. (more…)

Global trends, Insurance

August 22, 2016

743

U.S. banks want to cut branches, but customers keep coming

By Dan Freed for Reuters

Despite banks’ nudging toward online tools, many U.S. customers are not ready to give up regular visits to their nearest branch, complicating the industry’s efforts to slim down. (more…)

Banks, Cashless, Global trends

August 22, 2016

Why IoT Will Give Rise To Artificial Intelligence

By Daniel Newman for Forbes

The Internet of Things (IoT) has received massive coverage and widespread adoption. What few people have stopped to consider thus far is where these connections will take us. As chatbots become more popular, we’re bearing witness to a move toward further machine learning. As the natural progression from smart objects to learning objects occurs, this new wave will encompass the globe. (more…)

Fintech news, Global trends

August 22, 2016

The Internet of Things Needs A Ledger of Things

By Alex Tapscott for Forbes

Using emerging software and technologies, we can instill intelligence into existing infrastructure such as a power grid by adding smart devices that can communicate with one another, reconfigure themselves depending upon availability of bandwidth, storage, or other capacity and therefore resist interruption. (more…)

Banks, Fintech news, Global trends, Hotnews

August 22, 2016

780

Rakuten buys struggling bitcoin startup Bitnet to create a ‘blockchain research lab’

By Jon Russel for Bloomberg

Rakuten has confirmed that it has acquired the assets of Bitnet, a bitcoin wallet startup it invested in, which will be used to create a ‘bitcoin lab’ for the Japanese retail giant. (more…)

Deals, Global trends, Government activities, Hotnews

August 20, 2016

Digital Payments Are Shaking Up Asia’s Credit Card Industry

By Alfred Liu for Bloomberg

Free rice cookers and suitcases were among the special deals that tempted Chiu Wing-suet into accumulating her 20 credit cards, many of which are crammed into her wallet. She’s unlikely to accept any more such offers. (more…)

Deals, Fintech news, Global trends, Mobile payments/banking

August 20, 2016

955

Robo-Advisors Risk Ruining Their Initial Appeal

By Mike Hogan for Barronsfs

 

There’s a surge in websites that want to design a stock portfolio for you. Some will even do it free. The trouble is that these robo-advisors are proliferating so fast and subdividing in so many ways that they risk making themselves irrelevant. (more…)

Global trends, Hotnews

August 20, 2016

The Bonfire Of Venture Capital: The Good, Bad And Ugly Side Of Cash Burn!

In my last post on Uber, I noted that it was burning through cash and that this cash burn, by itself, is neither unexpected nor a bad sign. Since I got quite a few comments on what I said, I decided to make this post just about the causes and consequences of cash burn. In the process, I hope to dispel two myths held on opposite ends of the investing spectrum, the notion on the part of value investors, that a high cash burn signals a death spiral for a business and the equally strongly held belief, at the start-up investing end , that a cash burn is a sign of growth and vitality. (more…)

Analytics, Columns, Global trends

August 20, 2016

Singapore Wants to Be Asia’s Sweden in Push for Cashless Payment

By David Roman for Bloomberg 

Singapore plans to reduce the role of cash and checks in its economy by encouraging banks to switch to digital payments, according to the head of the country’s central bank. (more…)

Global trends, Government activities, Hotnews, InspirAsia

August 20, 2016

689

London’s Octopus launches new accelerator to capitalize on FinTech boom

By Mike Butcher for Techcrunch

Accelerators have been all the rage for the last 10 years in tech, but VC funds tend not to launch them in addition to their normal investment strategies. However, London-based Octopus Ventures is taking a different tack. (more…)

Fintech news, Global trends

August 20, 2016

1083

Nova Credit launching from Y Combinator to give immigrants access to U.S. credit

By Jonathan Shieber for Techcrunch.com

Access to credit and establishing a credit history aren’t a luxury for people living in the US, they’re a necessity. A credit score is required to rent most apartments, get credit cards, and essentially make a way in the modern American world (more…)

Deals, Global trends, Hotnews

August 20, 2016

1236

A Physics Lesson for Central Bankers

By  for Bloomberg View

The world is braced for the discovery of a fifth fundamental force of nature — the four known ones being electromagnetism, gravity, and strong and weak nuclear forces — that subverts the so-called standard model of particle physics. Given the lackluster outlook for global growth, maybe economics needs a similar revolution.  
(more…)

Banks, Columns, Fintech news, Global trends, Hotnews

August 20, 2016

1504

The Top Ten Emerging Technologies of 2016

By Irvine Wladavsky Berger for WSJ

The World Economic Forum recently published its 2016 list  of the Top Ten Emerging Technologies that will likely have the greatest impact on the world in the years to come. The list is compiled by the WEF Meta-Council on Emerging Technologies, a panel of global experts led by Dr. Bernard Meyerson, IBM Fellow and Chief Innovation Officer. (more…)

About, Fintech news, Global trends, Influences FinTech

August 20, 2016

Smart Data Is at the Core of FinTech Innovation

By LTP

Big Data is so yesterday’s news in the face of the true engine of FinTech innovation – Smart Data. Meaningful versatile data even in a limited stream is far more potent in fueling better financial services and financial inclusion than a vast but irrelevant warehouse of information. Smart data represents a more sophisticated approach to data collection and analysis, focusing on meaningful pieces of information for more accurate decisions. Coupled with advanced capabilities of AI and machine learning solutions, smart data presents an opportunity for startups to efficiently derive deeper insights from limited, but relevant data points. (more…)

Analytics, Global trends

August 17, 2016

The Greatest Tech Businesses Aren’t Really Tech

By  for Bloomberg

Technology companies are a lot like contemporary art: Their valuations reflect narratives more than anything else, and it’s just as important to devise the right framework to describe a phenomenon as it is to build a beautiful product. Two New York consultants, Alex Moazed and Nicholas Johnson, have suggested an interesting way of looking at most of Silicon Valley’s biggest tech-company successes: They are all platforms. (more…)

Banks, Fintech news, Global trends

August 17, 2016

Why The Payments Industry Is Ready For Disruption In 2016

By Aj Agrawal for Huffington Post

The payments industry is in panic mode. Payments companies realize they’re under threat from the rise of fintech startups. Financial technology companies are doing what big payments companies are doing better than they are. They are giving customers what they want, and that’s never a good thing if you’re on the receiving end of it.

(more…)

Analytics, Global trends, Mobile payments/banking

August 17, 2016