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755

Can Blockchain Fix Banking?

By Jon Markman for Forbes

A pair of ex-Google employees believe their version of Blockchain can fix banking. That fix is long overdue, since banking is suffering a real crisis at this time. (more…)

Banks, Fintech news, Global trends

July 26, 2016

857

Digital payments in India seen touching $500 billion by 2020

A Google-BCG report says digital payments industry in India will grow 10 times to touch $500 billion by 2020 and contribute 15% of GDP

(more…)

Global trends, Government activities, Mobile payments/banking

July 26, 2016

Mark Carney Has Started A Revolution By Embracing Fintech And Blockchain

By Alex Tapscott for Forbes

In the aftermath of Britain’s referendum vote to leave the European Union, Brexit’s loudest advocates scurried from public view and the political establishment descended into a caustic battle for control. Emerging from the melee was Theresa May, who has a reputation for consistency, if little else. But the UK doesn’t need a caretaker in these uncertain and turbulent times. It needs bold and innovative leadership. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 26, 2016

958

Why trade finance is a good use case for blockchain

By James Eyers for AFR

Trade finance is shaping up as one of the most promising early use cases for blockchain technology.  (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 25, 2016

Yahoo-Verizon deal said to be near

by Cristina Alesci and Seth Fiegerman for CCN

Yahoo’s days as an independent company may be nearing an end. (more…)

Banks, Deals, Fintech news, Global trends

July 25, 2016

Online Lending Takes Root in Korea, Spurring Rush for Regulation

By  for Bloomberg

South Korean investors beset by Asia’s third-lowest benchmark yields are embracing peer-to-peer loans that offer average rates of about 9 percent and not a lot of information about where the money winds up. (more…)

Deals, Fintech news, Global trends, p2p/online lending

July 25, 2016

Verizon to End Yahoo Survival Fight With $4.8 Billion Deal

By Alex Sherman for Bloomberg

On Monday, Yahoo! Inc.’s years-long fight to survive as a standalone company will draw to a close. (more…)

Banks, Deals, Fintech news, Global trends

July 25, 2016

740

This Bank’s App Has 25 Million Active Users

By John Maxfield for Fool.com

Which bank has the most monthly active users of its mobile application? The answer is JPMorgan Chase, followed by Bank of America and Wells Fargo. For these banks, the widespread adoption of mobile banking couldn’t come soon enough. (more…)

Banks, Fintech news, Global trends, Hotnews

July 25, 2016

Nintendo Slumps By Most Since 1990 on Dashed Pokemon Go Hopes

By Yuji Nakamura for Bloomberg

Nintendo Co. shares plunged by the most since 1990 after the company said late Friday that the financial impact from the worldwide hit Pokemon Go will be limited. (more…)

Analytics, Deals, Global trends

July 25, 2016

801

EY Report : Blockchain Technology to Reach Critical Mass in the next 3 to 5 Years

By E&Y, appeared at BTC News

The Blockchain technology is going to reach critical mass soon, declares Ernst and Young. The leading global consulting firm has recently published a report outlining the significance of blockchain technology in various industry sectors. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

July 25, 2016

685

Banks switch from phone menus to robot advice

Few household chores are as infuriating as spending an age on the phone to complain to your bank, recover a lost password or answer some minor financial query. (more…)

Banks, Deals, Global trends, Hotnews, InspirAsia

July 25, 2016

713

Maturing FinTech Startups Find Paths into Established Financial Firms

By Kom Nash For WSJ

NEW YORK — Ten startups gathered on Manhattan’s far west side Wednesday for what now has become a familiar exercise: Demo day at the local FinTech accelerator. At the event, hosted by Startupbootcamp, participants touted products and shared stories about the challenges of getting banks to incorporate new technology. (more…)

Fintech news, Global trends, Hotnews, news

July 23, 2016

946

Peer-To-Peer Lending In China – 30% Interest, Pays Monthly…

Peer-To-Peer Lending In China by Henry Zhang, CFA – Matthew Asia

While I was on a recent research trip in China, I overheard something in an elevator that was quite worrisome. Two young office workers, who happened to be sharing the same elevator with me, were discussing an investment product that one of them had purchased a few months back. “The product offers30% interest and pays interest monthly,” she told her friend. “I’ve already received several monthly payments. And I think it is trustworthy…” (more…)

Global trends, Hotnews, InspirAsia, Mobile payments/banking, p2p/online lending

July 23, 2016

Fintech Startup N26 Is Awarded Full German Banking License

N26, a Berlin startup that offers financial services directly to consumers, said Thursday it’s received a German banking license that will let it offer a fuller range of products across Europe. (more…)

Banks, Deals, Fintech news, Global trends

July 23, 2016

A Bank Account That Pays Interest in a New Currency: Mobile Data

By Stefan Nicola for Bloomberg

In a world of near-zero interest rates, phone carrier Telefonica SA is starting a new mobile banking service that skips the cash and rewards loyal customers with a currency it has in abundance: data for smartphones. (more…)

Banks, Fintech news, Global trends

July 23, 2016

619

What’s Fintech? Nasdaq and KBW Offer an Answer With a New Index

By TELIS DEMOS for WSJ
Here is Exhibit A for those who think “fintech” is overhyped and for those who think it is just getting started: A new stock index. (more…)

Fintech news, Global trends, Government activities, Hotnews

July 23, 2016

601

FinTech Startups In A ‘Historic Moment’ Thanks To Asian Funding

By James Giancotti for Forbes

In this century of exponential growth of new enterprises, finance has been a driver of global economy. Financial technology, aka FinTech, makes it ever more enabling for businesses – traditional and ventures alike – to thrive into a supreme state of commerce. (more…)

Deals, Global trends

July 20, 2016

772

After 3 weeks, Worldpay still fumbling millions of Etsy transactions

By John Mannes for Techcrunch.com

Etsy users had another bad week as payment processor Worldpay continues to cause problems. Late last week, some Etsy users began reporting that they had experienced duplicate charges. The forum on Etsy for duplicate charges is approaching one thousand posts. (more…)

Analytics, Banks, Global trends

July 20, 2016

Santander Doubles Fintech Investment Fund

BY Tanya Macheel for the American Banker

Santander Group is throwing another $100 million into its fintech venture investment fund, Santander InnoVentures. (more…)

Banks, Deals, Global trends

July 20, 2016

Asia Attracts Record Venture Capital Investment In Q2 2016

Asia Attracts Record Venture Capital Investment in Q2 2016 by Preqin (more…)

Analytics, Deals, Fintech news, Global trends, Hotnews

July 20, 2016

726

Can Blockchains Disrupt the Internet’s Monopolies?

By Brady Dale for the Observer 

A German journalist argues at TEDxHamburg that decentralized databases could deliver on the internet’s unmet promise (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews

July 20, 2016

923

The Central Bankers’ Bold New Idea: Print Bitcoins

By JON SINDREU for WSJ
When it comes to bitcoin and digital currencies, central banks might be considering the adage: “If you can’t beat them, join them.” (more…)

Blockchain, Cryptocurrencies, Deals, Global trends, Hotnews

July 20, 2016

746

What’s Fintech? Nasdaq and KBW Offer an Answer With a New Index

By Telis Demos for WSJ

Investment bank Keefe, Bruyette & Woods and exchange operator offer KBW Nasdaq Financial Technology Index

(more…)

Analytics, Banks, Fintech news, Global trends, Hotnews

July 20, 2016

753

SoftBank to acquire UK’s Arm Holdings for £24.3bn

By Arash Massoudi, James Fontanella-Khan and Richard Waters ifor Financial Times 

Japan’s SoftBank has agreed to buy the UK’s Arm Holdings for £24.3bn in a big bet that the British smartphone chip designer can help it become a leader in one of the next big technology markets, the “internet of things”. (more…)

Fintech news, Global trends, Hotnews, InspirAsia

July 19, 2016

Online Marketplace Lending — Recently Misunderstood?

By Nav Athwal for Forbes

Recent news reports would have investors believe that the entire online lending sector is in trouble – when in fact, default rates remain largely in line with expectations and securitizations of consumer and student loans are on the upswing. And while many reports paint the entire online sector with a single brush, asset-based lending (such as collateralized real estate loans) is a different animal from consumer credit lending — a key distinction for investors. (more…)

Banks, Global trends, InspirAsia, Mobile payments/banking, p2p/online lending

July 19, 2016

678

Here’s What You Missed About the Blockchain and Pokémon at Brainstorm Tech

By Robert Hackett for Fortune

The hope and hype

Back at sea level, I’ve finally kicked the dizzying, dehydrating bout of altitude sickness that took hold in Aspen, where Fortune held its annual Brainstorm Tech conference this week. (Maybe it was just the excitement?) For those not in attendance, here’s a quick recap of the roundtables I had the pleasure of moderating.

(more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, Hotnews

July 19, 2016

780

MarketInvoice, the UK invoice finance platform, raises another £7.2M

By Steve O’Hear for Techcrunch.com

MarketInvoice, which plays in the peer-to-peer lending space by enabling U.K. businesses to raise money from institutional investors and high net worth individuals by ‘selling’ outstanding invoices, has raised a further £7.2 million. (more…)

Global trends, Hotnews, p2p-payments, SME

July 19, 2016

NXT Ramps Up Decentralized Asset Exchange On Ardor Platform

By Roger Aitken for Forbes 

Following previous Forbes despatches about advanced blockchain platform Nxtthat has extended the basic functionality of the initial wave of cryptocurrencies, from this weekend retail investors have for the first time been able to buy and store a number of currencies and assets on the provider’s new Ardor platform. (more…)

Blockchain, Fintech news, Global trends

July 19, 2016

Santander’s Botin Doubles Fintech Bet With $200 Million in Fund

By Edward Robinson for Bloomberg 

Ana Botin, the chairman of Banco Santander SA, is doubling the lender’s bet on fintech.  (more…)

Banks, Global trends

July 19, 2016

943

The 16 hottest Nordic fintech startups

By Oscar Williams Grut for Business Insider

Financial technology, better known as fintech, is absolutely exploding around the world right now, with new businesses springing up doing everything from online lending to handling cryptocurrencies. (more…)

Global trends, Government activities, Hotnews, Mobile payments/banking, p2p-payments

July 19, 2016