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dirtymoney

472

Behind PayPal’s Foreign Assets Violations

TECHCRUNCH: In 2009, the US Treasury Department’s Office of Foreign Assets Control (OFAC) blacklisted an individual named Kursad Zafer Cire. Mr. Cire was believed to have run a network that facilitated the sale of nuclear technologies to countries such as Iran, Libya, and North Korea. He was a known bad actor. (more…)

Global trends, Government activities

April 12, 2015

Jamie_Dimon

874

Jamie Dimon’s Annual Letter To Shareholders

In his annual letter to shareholders this week, JP Morgan CEO Jamie Dimon warned investors and those in the banking industry that “Silicon Valley is coming.” (more…)

Analytics, Fintech news, Global trends, news

April 9, 2015

gelis-2

3225

Why Fintech Banks Will Rule The World

Philippe Gelis, CEO at KANTOX: Last week, I had the opportunity to present Kantox and my vision of Fintech in front of around 150 bank executives from Northern Europe. After my pitch, we had a Q&A round, and one more time I had proof that bankers are not expecting at all what will happen in the next 10 years. (more…)

Analytics, Global trends, news

April 8, 2015

Vietnam

668

The Promise Of Outsourcing To Vietnam

TECHCRUNCH:  It’s no surprise that Vietnam is being talked about as an alternative, amid rising costs and attrition rates in popular offshoring destinations like China and India. The General Statistics Office of Vietnam reports growth of almost 6 percent in GDP during 2014. Tech giants like Samsung, Microsoft, LG and Intel have invested in large operations in Vietnam, and a growing number of technology startups have secured investment. The entrepreneurial spirit on the streets of Ho Chi Minh City is palpable.

(more…)

Analytics, Global trends, InspirAsia, Vietnam

April 3, 2015

Singapore

856

Banking On Southeast Asia’s E-Commerce Future

TECHCRUNCH:  China’s e-commerce, m-commerce and payments lead the world. It is the largest e-commerce market (KPMG), and is home to Alibaba, with its US$25 billion IPO, the largest in history. Alipay, China’s answer to PayPal, is the world’s largest online payment service.

(more…)

Global trends, InspirAsia, news

April 2, 2015

U.S. Stocks Decline A Second Day As Investors Await Jobs Report

801

Fintech Focus: Disruptors’ $4trn fortune

FINANCIAL NEWS: Goldman Sachs has estimated how much of the revenue and profits can traditional financial institutions lose to new tech players. Over $4 trillion in addressable revenues and $470 billion in profit. (more…)

Analytics, Global trends, news

April 2, 2015

Tyro

516

E-Payments Company Tyro Opens Australia’s First FinTech Hub In Sydney

E27.CO:  Australian electronic funds transfer at point of sale (EFTPOS) provider Tyro Payments announced today that it has opened the country’s first first hub for financial technology startups in Sydney. According to Tyro, the Tyro FinTech Hub will offer co-working desks to FinTech startups and high growth companies, as well as spaces to host accelerators, conferences, hackathons, meetups and seminars.

(more…)

Fintech news, Global trends, news

March 31, 2015

ribboncutting

593

The JOBS Act Is Progress But Much Remains To Be Done

TECHCRUNCH: We’re approaching the third anniversary of the Jumpstart Our Business Startups (JOBS) Act, an omnibus bill of far-reaching financial reforms that was signed into law by President Barack Obama on April 5, 2012. Containing seven titles, the legislation’s intent was, and is, to create cost-effective access to capital for companies of all sizes. (more…)

Global trends, Government activities, news

March 29, 2015

Новый рисунок (27)

559

Budget Reinforces Hong Kong’s Long-term Economic Development

InvestHK Bimonthly Newsletter: The regular InvestHK’s newsletter covers Hong Kong’s Financial Secretary John Tsang’s budget speech, as well as the expansion of the government fund Stratmeup HK to India. (more…)

Global trends, Government activities, Hong Kong, InspirAsia

March 25, 2015

0320_yuri-milner_1200x675

761

Yuri Milner’s Unparalleled Global Tech Gold-Mining Machine

FORBES: How a Russian investor Yuri Milner established his “gold-mining machine” (firm DST) and why he believes that the future belongs to Asia. China lifted Milner up from ranked 35 to 20 in the Forbes ranking of the best investors. Investments in Alibaba and smartphone vendor Xiaomi opened Yuri Milner’s way to the Forbes’ top 20 investors. In the past year the entrepreneur preferred China to the US.

(more…)

Analytics, China, Fintech news, Global trends, InspirAsia, news

March 25, 2015

Lee Kuan Yew’s Singapore: An Astonishing Record

The Economist: An amazing infographics from the Economist: how Singapore has become the most developed country in the world in the Lee Kuan Yew years

(more…)

Analytics, Global trends, InspirAsia, news, Singapore

March 22, 2015

Unbundling-of-a-bank-V2-cropped

606

Disrupting Banking: The FinTech Startups That Are Unbundling Wells Fargo, Citi and Bank of America

CB Insights: Traditional banks are under attack from a number of emerging specialist startups. Here are the FinTech startups unbundling banking. (more…)

Analytics, Fintech news, Global trends

March 22, 2015

asia_top5

1816

Asia among Top Five Most Funded Regions in Fintech: Life.SREDA

DEALSTREETASIA: Asia joined the world’s most funded regions for the fintech industry in 2014, with startups in this space raising total of $797 million, a report said. This growth was triggered mainly by fintech investments in China, and on a global level, fintech startups have raised about $6.8 billion during this period, according to data compiled by Life.SREDA, a venture capital firm headed in Russia.

(more…)

Analytics, Global trends, Hotnews, InspirAsia

March 19, 2015

Bitcoin

1740

Budget 2015: UK To Regulate Cryptocurrencies

WIRED UK:  The government has announced its intention to apply anti-money laundering regulation to digital currency exchanges in the UK. It is hoped that regulation will not only prevent criminal use of digital currencies, such as Bitcoin, but support innovation. Regulation would be intended to ensure the environment was ready to allow digital currencies to flourish, while at the same time discouraging those who wanted to use digital currencies for illicit reasons.

(more…)

Global trends, Government activities, Hotnews

March 18, 2015

series-c-crunch

374

Series C crunch will leave hundreds of Chinese startups without funding in 2015, says local VC

TECHINASIA: The lack of venture capital against the background of increased demand for it may lead to a shortage of money for growth-stage (Series C) startups in China
(more…)

Analytics, China, Global trends, InspirAsia, news

March 13, 2015

Money of Asia

714

12 International VC Firms That Have Invested in South Asian Startups

TECHINASIA: As smartphone usage booms across Asia and web services become more commonplace, private equity firms and venture capitalists are exploring the lucrative potential of the region. There are a number of global VC firms, especially in Silicon Valley that are keeping an eye on startups on the other side of the planet. Below we’ve identified some big-name VCs who have backed South Asian startups.

(more…)

Analytics, Global trends, InspirAsia

March 12, 2015

UK Financial Inclusion Report Recommends 22 Things For 2020 (Some For Banks)

THE FINANSER: Yesterday the UK’s Financial Inclusion Commission published their report on Financial Inclusion for the UK. Here’s the summary of the report.

(more…)

Analytics, Global trends

March 12, 2015

Conference-7

538

Which Asian city has the hottest FinTech startup ecosystem?

E27.CO: Among heavyweight financial hubs Hong Kong and Shanghai, Singapore takes the top spot as the ecosystem most conducive to building FinTech startups, says Markus Gnirck, Co-Founder and COO of Startupbootcamp FinTech

(more…)

Analytics, Global trends, InspirAsia

March 10, 2015

Samsung Pay

762

Battle For Mobile Payments: Guide to Digital Wallets

THE FINANCIAL BRAND: According to BI Intelligence, the consumer payments industry will process about $2.7 trillion of card-based payments in the US in 2015. This explains why there is a massive amount of mobile-centric innovation occurring in the payments space and why competition for the consumer’s wallet is so intense.

(more…)

Analytics, eWallets, Global trends, Mobile payments/banking, Mobile-first banks

March 10, 2015

4456318373_27aef4aff4_o-720x480

528

Singapore Issues New Carpool Laws That Let Drivers Get Paid For Rides

TECHINASIA:  Last week, the Singapore government issued new laws that will allow drivers to receive payments for carpools. The statute was completed on Monday, March 2, and reported by the Straits Times on Friday. According to the statute, car owners can accept monetary compensation for driving passengers, provided the driver does not accept hails on the street or in a parking lot. In addition, payment cannot exceed the cost of taking the passenger to his or her destination, which must be agreed upon before the ride begins. Drivers are also prohibited from making more than two rides a day.

(more…)

Global trends, Government activities, InspirAsia, Singapore

March 9, 2015

Obama has a $100M plan to fill the tech talent shortage

WIRED: Businesses in the US are on a hiring spree, but jobs that require tech skills sit open—500,000 in all.  It’s that gap that the Obama administration hopes to close with its new $100 million TechHire Initiative, announced by the president today. At its core, TechHire aims to convince local governments, businesses, and individuals that a four-year degree is no longer the only way to gain valuable tech skills.

(more…)

Global trends, Government activities

March 9, 2015

briankimkakao

1005

How KakaoTalk’s Billionaire Creator Ignited A Global Messaging War

FORBES: How KakaoTalk’s founder ignited a global messaging war. Kim Beom-Su, the son of a factory worker and a hotel maid, has become a billionaire by building a technological empire. Why is it difficult to grow outside of South Korea?

(more…)

Analytics, Fintech news, Global trends, InspirAsia, Korea, news

March 2, 2015

Новый рисунок (3)

579

The Global Financial Centres Index

QFC: The Global Financial Centres Index (№17, March’15): New York (1), Hong Kong (3), Singapore (4), Moscow (75) (more…)

Analytics, Global trends, news

March 1, 2015

Новый рисунок (4)

499

5

505

Five Banking Innovations from Five Continents:  USA, Europe, Asia, Africa, Australia 

MarketResearch.com: Banking Innovation is a global growth‐sector. There are three types of banking innovations (on top of the regular IT investments done by banks): (1) In‐bank FinTech innovations – also known as FinServ innovations; (2) Neo‐Banks as part of the FinTech community; and, (3) Non‐Banking FinTech companies. Global FinTech investments almost hit the USD 10 billion mark in 2014 (USD 9.9 billion). Banking Reports’ research shows that 2015 is going to be the real point of inflexion: FinTech investments are expected to reach USD 19.7 billion globally. In the next 10 years – following 2015 – FinTech investment growth will be strong but not exponential, bringing circa 20 percent compound annual growth rate to the table. We have found highly significant qualitative and quantitative differences between the five continents examined in this report. While London and New York are jockeying for the global leader’s role, Australian banks are doing an exemplary and outstanding job.

Analytics, Global trends, news

March 1, 2015

HK Budget: $50M Venture Fund For Growing Startups

COMPUTER WORLD: The Hong Kong government will be offering financial assistance to technology startups with its plan to set up a HK$50 million corporate venture fund. The amount is earmarked for companies located at the Hong Kong Science and Technology Park (HKSTP) and those that have participated in its incubation programs. (more…)

Global trends, Government activities, Hong Kong, InspirAsia

February 26, 2015

C227X0458H_2013資料照片_N71_copy1

543

The Hong Kong’s 2015-16 Budget Focus on Financial Development

BUDGET SPEECH: Hong Kong’s Financial Secretary John C Tsang in his budget speech has announced a strong focus on financial sector development (80% of Hong Kong’s GDP) and support of fintech startups. (more…)

Global trends, Government activities, Hong Kong, InspirAsia, news

February 25, 2015

US government accepts PayPal, Dwolla payment methods for tax collection

THE PAYPERS: The US Department of Treasury has started accepting PayPal and Dwolla e-payment methods for tax collection services in an effort to move away from paper-based processing.

(more…)

Global trends, Government activities

February 20, 2015

DEN HAAG-AEGON-STEUN

574

Aegon Reports Higher Earnings And Sales For Q4 2014

AEGON, one of the largest financial groups in the world, which owns the Dutch startup Knab (Fidor analogue), has released its new annual report, where it reports the success of the model when specific customer groups are targeted by a particular brand with mono line business and additional services are purchased from the parent company.

Read the report

Analytics, Global trends

February 19, 2015

By The End Of 2014 The Volume Of Investments In FinTech Totaled $6.8B

LIFE.SREDA VC: According to the annual research of international fintech venture capital firm Life.SREDA, fintech startups worldwide raised a total of $6.8B in 2014. This is three times more than in 2013, when the total investment amount in fintech was $2.2B.

(more…)

Analytics, Global trends

February 10, 2015