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572

Goldman Sachs launches GS Bank, an Internet bank with a $1 minimum deposit

By Fitz Tepper for Techcrunch

Goldman Sachs has traditionally functioned like a run-of-the-mill investment bank. Minimums to open an account were in the range of $10 million, and returns were not guaranteed. (more…)

Banks, Fintech news, Global trends

April 26, 2016

674

Alibaba’s Ant Financial Raises $4.5 Billion In World’s Largest Private Tech Investment Round

By Rahil Bhagat for Forbes Asia

Alibaba’s Ant Financial Services Group, one of the world’s largest online financial services companies, announced today that it has completed a US$ 4.5 billion Series B round of financing.

(more…)

China, Deals, Fintech news, Global trends, InspirAsia

April 26, 2016

1170

Bitcoin and Blockchain Tech Are Fueling a Fourth Industrial Revolution

By Andrew Quentson for Bitcoin Magazine 

Is a fourth industrial revolution underway? (more…)

Blockchain, Cryptocurrencies, Global trends

April 26, 2016

548

Listen to Mangrove’s Mark Tluszcz talk fake unicorns, fintech hype and investing in weird ideas

By Steve O’Hear for Techcrunch

Earlier this week I jumped on a call with Mark Tluszcz, co-founder and CEO of Mangrove Capital Partners, one of Europe’s older VC funds and perhaps most notably the first institutional investor in Skype.

(more…)

Fintech news, Global trends, Interviews

April 26, 2016

470

Towards Blockchain-Based Land Titles In Northern Ghana

By Justin O’Connel for CCN.LA

Afrikanus teaches young people how to be entrepreneurs in Ghana. He works with Bitnation to issue blockchain-based title deeds and establish what he terms a “Free Economic Enclave”  in northern Ghana, where the poorest parts of the nation are located. (more…)

Blockchain, Cryptocurrencies, Global trends, InspirAsia

April 26, 2016

552

Deals: Lendix grabs $13.5 million to become a leading European P2P lending platform

By Romain Dillet for TechCrunch

Shortly after acquiring its competitor Finsquare, Lendix is back with more news. The French startup has just raised $13.5 million (€12 million) and now wants to become one of the leading European peer-to-peer lending platforms. (more…)

Deals, Fintech news, Global trends, Mobile payments/banking, p2p-payments

April 26, 2016

592

RBI to bring P2P lending under regulation soon

By ENS Economic Bureau for Indian Express

P2P lending is the practice of lending money to individuals or businesses through online services that match lenders directly with borrowers. (more…)

Banks, Fintech news, Global trends, Government activities, India, InspirAsia

April 26, 2016

553

Yale Lecturer Highlights Blockchain Transparency after Panama Papers

By Joseph Bradley for CCN.LA

With the recent release of the “Panama Papers,” the activity of the law firm Mossack Fonseca came into the public view in a bold way. In a recent PBS Op-Ed Yale University lecturer Vikram Mansharamani discusses the Papers and the what the future of privacy may look like. (more…)

Blockchain, Cryptocurrencies, Global trends

April 25, 2016

540

Bangladesh Bank robbers can’t spell, but it sounds like they can hack financial software

by  for the Next Web

The hackers involved in last month’s cyber heist of Bangladesh Bank, in which they managed to steal only $81 million of a planned $951 million haul because of a spelling error, might actually be smarter than they were initially made out to be. (more…)

Banks, Global trends, India, InspirAsia

April 25, 2016

599

Facebook payment system will change banking forever, but it comes with its own price tag – your privac

By Hamish McRae for the Independent

If you know where people have been, what sites they visit, what apps they download, and also their spending habits, you know a massive amount about them – much more than their bankers, the credit and debit card companies

(more…)

Banks, Fintech news, Global trends

April 25, 2016

348

Silicon Valley’s fastest growing companies succeed because they aren’t focused on selling

By Vivek Wadwha for QZ.com

A trait shared by the fastest growing and most disruptive companies in history—Google, Amazon, Uber, AirBnb, and eBay—is that they aren’t focused on selling products, they are building platforms. (more…)

Global trends

April 25, 2016

792

What’s next for personal financial services?

By Erin Shipley for Techcrunch.com

Already there has been a huge amount invested in fintech in 2016, with investors funding close to $9 billion in January and February alone. It is a sector of innovation that shows no signs of slowing down, with companies tackling every part of the financialinfrastructure, from savings and lending to credit and insurance to payments and money transfer.

(more…)

Banks, Cashless, eWallets, Fintech news, Global trends

April 25, 2016

743

For This Fintech Upstart, Small Is Beautiful

By Telis Demos for WSJ

Acorns Grow Inc. is banking on the idea that tiny investments are the future of Wall Street.

(more…)

Banks, Deals, Global trends

April 25, 2016

885

Why your wallet is becoming the next platform

By Alex Rampell for Techcrunch.com

The “wallet” in the modern sense of “flat case for holding paper currency” dates back almost 200 years. The word itself goes back 700 years, and the concept (minus paper currency) for millennia. (more…)

Cashless, eWallets, Global trends, Mobile payments/banking

April 25, 2016

767

Virtual Reality Could Be the Future of Mobile Payments

By Scott Gamm for The Street

Apple, Alphabet’s, Google and Samsung  are duking it out for a slice of the highly lucrative mobile payments space. U.S. mobile payments totaled $8.71 billion in 2015 and spending is expected to rise to $27.05 billion in 2016, according to data from eMarketer. (more…)

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

April 24, 2016

667

The fall of the unicorns brings a new dawn for water bears

By Alex Chuang for Techcrunch

Last year was a big year for unicorns. According to Venture Beat, there are now 229 unicorn startups, with $175 billion in funding and $1.3 trillion in valuation. In 2015 alone there were 81new entrants crowned as the legendary beast. (more…)

eWallets, Fintech news, Global trends, InspirAsia, Mobile payments/banking

April 24, 2016

734

Blockchain Disruption Will Affect Every Aspect of Daily Life

by JP Buntix for NewsBTC

Distributed ledger aficionados have been telling people this for quite some time now, but the blockchain will have an impact on various aspects of life. After all, this technology is the biggest innovation in computer science, and despite facing a lot of opposition, there are plenty of opportunities to be explored. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia

April 24, 2016

642

A card-carrying fan of contactless, I’m now contactless-less – and it’s not fun

By  for the Guardian

Here is my problem. I have lost my debit card. This might seem like a minor hindrance. I haven’t, say, lost a limb. But I have lost the means to go about my everyday life as I usually would. (more…)

eWallets, Fintech news, Global trends, Mobile payments/banking, p2p-payments

April 23, 2016

636

TransferWise CEO Thinks Talking down Bitcoin Is a Good Business Strategy

By Justin O’Connel for CCN.LA

Mike Hearn wrote a Medium post which went viral and was the topic of much debate in the Bitcoin world. In his opinion, the Bitcoin community was dead. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

April 23, 2016

600

Tim Draper: The Importance of Investing in Women Entrepreneurs

BY PAUL GROSSINGER for Inc.com

I am a huge believer in investing in diverse groups to create impact. (more…)

Fintech news, Global trends, Interviews

April 23, 2016

1023

Fintechs’ Goals Are Changing, VCs’ Appetite Is Not

By Penny Crosman for American Banker

Late last year, we wondered if the fast-growing fintech sector was overheating. At that time, we thought the answer was a qualified “yes”— that some companies were overvalued and there were signs of a bubble forming.

(more…)

Banks, Blockchain, Cryptocurrencies, Global trends

April 22, 2016

747

P2P lending: Does the industry need more than just transparency?

By Harriet Green for City AM

“Skin in the game” is an expression thrown around a lot in the P2P industry. Platforms don’t have banking licences and the majority don’t lend off their own balance sheets. So the question for some time now has been “what loss position will the platform take in the event of loan failure?” (more…)

Banks, Blockchain, Fintech news, Global trends, Mobile payments/banking, p2p-payments

April 22, 2016

703

Mobile giants bust into Singapore e-pay market

By Saheli Roy Choudhury for Yahoo news

The world’s two largest smartphone makers muscled into Singapore’s already-crowded mobile payment space this week, but experts say it may take a while for them to see much enthusiasm from locals. (more…)

Banks, Fintech news, Global trends, Government activities, InspirAsia, Singapore

April 22, 2016

736

A Chinese fintech behemoth is getting ready to go public

By Daniel Roberts for Yahoo News

Ant is a misnomer for one Chinese fintech company. (more…)

Deals, eWallets, Fintech news, Global trends, InspirAsia

April 22, 2016

699

Plastiq lets you pay any bill with your credit or debit card just by snapping a photo

By Sarah Perez for Techcrunch.com

A new iPhone application launching today called Plastiq lets you pay any bill with your credit or debit card just by snapping a photo. The goal with the app is to offer something designed for mobile, that’s also more convenient than using a bank’s online bill pay feature. And more importantly, it allows bills to be paid with plastic – hence the name – as opposed to being drafted from your bank account. (more…)

Blockchain, Fintech news, Global trends, Mobile payments/banking, p2p-payments

April 22, 2016

607

Apple Pay and Bitcoin Are No Match for Harriet Tubman’s $20 Bill

By Ben Steverman for Bloomberg

Cash is still king, and the twenty sits on the throne, making up more than half the value in your wallet. In replacing Andrew Jackson on the $20 bill, Harriet Tubman is getting pride of place in the American wallet. (more…)

Fintech news, Global trends, Government activities

April 22, 2016

817

Morgan Stanley Report Issues Predictions for Blockchain in 2025

By Michael del Castillo for Coindesk

A new Morgan Stanley report aimed at assessing whether blockchain is a threat to big banks agues that the short-term benefits of the technology are likely minimal, but that future growth is likely. (more…)

Analytics, Blockchain, Cryptocurrencies, Fintech news, Global trends

April 22, 2016

746

The Big Flaw Few are Talking About in Fintech

By  for Fortune

Their business model may need to be changed. (more…)

Banks, Fintech news, Global trends, p2p-payments, p2p/online lending

April 20, 2016

773

On the move

Speacial by the Economist

Much hangs on mobile money (more…)

Global trends, InspirAsia, Mobile payments/banking, Mobile-first banks, Remittances

April 20, 2016

1545

Why banks are wooing African startups

by Tom Jackson for the Next Web

“This time around, traditional bank-to-bank competition is not the issue. This new wave of competition is coming from both nimble, innovative, cloud- and mobile-first startups as well as the major technology players largely unencumbered by policy and regulation.” (more…)

Cashless, Global trends, InspirAsia

April 20, 2016