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RBS to cut 550 jobs in preparation for robot revolution

By Emma Dunkley for Financial Times,

Royal Bank of Scotland is cutting its face-to-face advice service and slashing 550 jobs in another move to reduce costs, as more customers turn to digital “robo-advisers”. (more…)

Banks, Fintech news, Global trends

March 14, 2016

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Banks and FinTech: date the nerds or be the nerd?

Key findings from the banking industry and its shifting landscape.  

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Banks, Fintech news, Global trends, Hotnews

March 13, 2016

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First Real Estate Sale with Bitcoin Occurs in Denmark

By Bitcoin news service,

The first property purchase using bitcoin has happened in Denmark. A real estate portal is responsible for facilitating the transaction along with Coinify (more…)

Blockchain, Fintech news, Global trends

March 13, 2016

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Fintech role in retail revolution

Key findings from the industries of POS, tablet – based cash registers and pre-order services

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Pre-order services, SME

March 12, 2016

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WeChat is building its own Slack

By Eric Crouch for TechinAsia,

Tencent, the company behind China’s wildly popular messenger/digital wallet/everything app WeChat, is planning to launch a new messenger aimed at office workers – and Slack had better watch out. (more…)

China, Fintech news, Global trends

March 12, 2016

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Fintech growth accelerates in Asia with record $4.5 billion investments

By Elzio Barreto for Reuters news

HONG KONG (Reuters) – Investors poured a record $4.5 billion into financial start-ups in Asia last year, four times as much as the previous year, data shows, putting the region at the center of the global tech revolution poised to shake up the financial services industry. (more…)

Fintech news, Global trends, Government activities, InspirAsia

March 11, 2016

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Mckinsey & Co : Cutting through the noise around financial technology

By Miklos Dietz, Somesh Khanna, Tunde Olanrewaju, and Kausik Rajgopal for Mckinsey & Company 
We estimate there are today more than 2,000 start-ups offering traditional and new financial services. Here’s how banks should respond.

(more…)

Banks, Fintech news, Global trends, Mobile-first banks

March 10, 2016

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Financial accelerators to wind down as digital ecosystem evolves – Forrester

In five years time most corporate accelerators and incubators will have disappeared in favour of more nuanced partnerships between banks and startups in a maturing digital ecosystem according to an analysis by Forrester. (more…)

Banks, Fintech news, Global trends

March 9, 2016

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10 Insurtechs for dramatic cost savings

By Roger Peverelli and Reggy de Feniks
Roger and Reggy are the founders of Digital Insurance Agenda and DIA Barcelona and the authors of the worldwide bestseller ‘Reinventing Financial Services’.

Winning insurtechs are those that tap into the key challenges insurance carriers are facing. In this post the second of seven different flavours of winners in fintech insurance: Insurtechs that drive dramatic cost savings. (more…)

Analytics, Fintech news, Global trends, Insurance

March 9, 2016

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Can Emerging Nations Create Their Own Silicon Valleys?

Silicon Valley has dominated the fields of technology and tech investment for the past two decades, operating virtually unchallenged during the zenith of its power. But the investment landscape is changing, bringing shifts in a number of factors that are edging out the major player in the technology investing game — and disrupting its domination of the playing field during the next one or two decades. (more…)

Fintech news, Global trends

March 9, 2016

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IMF: Virtual Currencies and Their Underlying Technologies Can Provide Faster and Cheaper Financial Services

by Giulio Prisco for Bitcoinmag.com

On January 20, 2016 at the World Economic Forum in Davos, during the panel on Transformation of Finance, the International Monetary Fund (IMF) released a paper titled “Virtual Currencies and Beyond: Initial Considerations.” (more…)

Blockchain, Fintech news, Global trends

March 9, 2016

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Deals: Snapchat Raises $175 Million From Fidelity at Flat Valuation

By ROLFE WINKLER and DOUGLAS MACMILLAN for WSJ

Messaging company still worth $16 billion in latest funding

(more…)

Banks, Deals, Fintech news, Global trends

March 7, 2016

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Why is Britain’s Barclays Bank pulling out of Africa?

By Lerato Mbele for BBC

As the UK bank Barclays announced its full year results, local markets were less interested in the numbers and more interested in the back story. (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia

March 7, 2016

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Deals: Migme raises $5m from Meitu to one-up Instagram and Snapchat in Asia

By Terence Lee for TechinAsia

Migme, which calls itself a “digital media company” for emerging markets, is many things. It’s a social network, a chat app, and a place to listen to music, engage with celebrities, and play games. (more…)

Deals, Fintech news, Global trends, InspirAsia

March 6, 2016

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Coworking spaces are on the rise — here’s why

By Vladislav Solodkiy, Managing partner of Life.SREDA

I remember, when I was first starting out, the whole concept of a coworking space seemed strange. (more…)

Fintech news, Global trends, Singapore, SME

March 6, 2016

India to study mergers of state-run banks in efficiency push

By Nidhi Verma

India will consider merging some of its more than two dozen state-run banks, the finance minister said on Saturday, as the government seeks to improve efficiency at the ailing lenders that dominate the nation’s banking sector. (more…)

Banks, Deals, Fintech news, Global trends, India

March 5, 2016

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Singapore tops mobile app economy, but for how long?

By Kevin McSpadden for e27

While China, India and Indonesia rank low in today’s regional ecosystem, they are set for major jumps in the future and are projected to lead APAC in the years to come (more…)

Banks, Fintech news, Global trends, InspirAsia

March 4, 2016

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This is how Australia is changing to become startup friendly

In interviews with the Australian Ambassador to Israel and StartupAUS’ Acting CEO, Geektime learned how Australia is making big changes to grow their ecosystem (more…)

Banks, Deals, Fintech news, Global trends, InspirAsia, Insurance, news

March 4, 2016

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KPMG report: Innovative finance

Traditional finance business models are being crunched by macro-economic events, but KPMG sees opportunities ahead (more…)

Analytics, Banks, Fintech news, Global trends, news

March 4, 2016

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Deals: Singapore bank UOB will invest $10m in an equity crowdfunding site

By Terence Lee for TechinAsia

Singapore’s banks are head over heels in love with fintech. Well, I’m exaggerating, but it’s true that financial institutions in the country are exploring ways to use technology to improve their offerings. (more…)

Banks, Deals, Fintech news, Global trends

March 3, 2016

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Life.SREDA VC report: Neo- and challenger banks are coming

Key findings on upcoming trends in the banking sector. 

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Analytics, Banks, Fintech news, Global trends, Hotnews, Mobile-first banks

March 3, 2016

Myanmar shows green light to four more foreign banks, all from Asia

By Juliet Shwe Gaung  for DSA

The Central Bank of Myanmar has awarded preliminary operating licenses to four more foreign banks, all from Asia,  – Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank. With this move, the total number of foreign banks that are allowed to operate in the frontier market touches 13. (more…)

Banks, Fintech news, Global trends

March 3, 2016

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Failed Powa Technologies fire sale: Ben White, Greenlight Digital divvy up and buy U.K. assets

By Ingrid Lunden for Techcrunch

One more chapter in the messy story of Powa Technologies, the payments startup that last raised money at a $2.7 billion valuation but rapidly sank into the deadpool on a flimsy raft of vaporware. Today, accounting firm Deloitte announced that it had secured two buyers for two parts of Powa’s U.K. business. Neither of them was Thompson Investments, the firm that was announced as the buyer when Powa first filed for bankruptcy protection in the U.K. in February.

(more…)

Cashless, Deals, Fintech news, Global trends

March 3, 2016

Let’s Do The Show Right Here: Crowdfunding Site Targets Concert Promoters

By Trevor Clawson for Forbes

The onward march of digital technology hasn’t been altogether kind to those seeking to eke out a living within the music industry. Admittedly, relatively easy access to the big online streaming and download platforms has made it possible for just about anyone to distribute music nationally and internationally, a development that’s worth at least two cheers. (more…)

Crowdfunding/investing, Global trends

March 3, 2016

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We Must Regulate Bitcoin. Problem Is, We Don’t Understand It

By Primavera De Filippi for Wired

Bitcoin has failed. Bitcoin is the future. Bitcoin cannot be regulated. Bitcoin needs to be regulated. The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

March 2, 2016

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The Case for Ripple in the Age of Big Bank Blockchains

By Pete Rizzo for coindesk.com

Given its early emphasis on distributed ledgers in what was then widely described as the digital currency ecosystem, Ripple has long held a unique market position in the industry. In the age of “blockchain”, the startup remains one of the few holdouts to describe its offerings as “distributed financial technology”. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends

March 2, 2016

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D+H: 2016 will see blockchain solutions reach banking consumers

By Daniel Palmer for Coindesk.com

DH Corporation (D+H), a Canada-based provider of technology solutions to financial institutions, recently announced the integration of a proprietary blockchain solution with its payments hub, Global PAYplus.

(more…)

Blockchain, Fintech news, Global trends

March 1, 2016

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The hot e-commerce app Wish has “hundreds of millions of users” (plus other fascinating stats)

By Connie Loizos for techcrunch

Last week, toward the end of a StrictlyVC event in San Francisco, GGV Capital managing director Hans Tung took the stage to interview one of his portfolio CEOs, Peter Szulczewski of Wish. With an increasingly boisterous crowd as their background, Tung managed to ferret out lots of fascinating  information from the highly personable Szulczewski, who looked very much the part of busy founder. (Blood-shot eyes, rumpled clothing.)

(more…)

Fintech news, Global trends, InspirAsia

March 1, 2016

DAVOS 2016; World Economic Forum -- Pictured: Jamie Dimon, chairman, president and CEO of JP Morgan Chase, in an interview at the annual World Economic Forum in Davos, Switzerland, on January 20, 2016 -- (Photo by: David A.Grogan/CNBC/NBCU Photo Bank)

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JP Morgan CEO Says ‘There’s Nothing Mystical’ About Online Lending Startups

By Leena Rao for Fortune

Jamie Dimon weighs in on online lenders, regulation, and more. (more…)

Banks, Global trends

March 1, 2016

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Gartner’s Top 10 Internet Of Things Technologies For 2017 & 2018

By Louis Columbus for Forbes

  • Gartner predicts that low-power short-range networks will dominate wireless IoT connectivity through 2025, far outnumbering connections using wide-area IoT networks.
  • For enterprises to adopt and gain the full value of these technologies, significantly higher investments in training are needed.
  • Gartner’s Top 10 IoT technologies provide a glimpse into what their clients are most interested in today.

(more…)

Analytics, Fintech news, Global trends

February 29, 2016