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BNP Paribas and AXA co-operate on blockchain-based fund distribution platform

BNP Paribas is working with AXA Ivestment Managers on the deployment of a blockchain-based fund distribution platform using smart contracts to ease the flow of information between buyers and sellers. (more…)

Banks, Blockchain

April 20, 2017

Paytm in talks to raise up to US$2B from SoftBank; looking to buy FreeCharge from Snapdeal

By Sainul Abudheen K for e27

With this all-cash deal, the Indian m-commerce and mobile payments company’s valuation will go up to US$9 billion (more…)

Fintech news, Global trends, Hotnews, InspirAsia

April 20, 2017

Robo Advisor Wealthfront Launches Line of Credit to Make Users More Liquid

By Julie Muhn for Finovate

Robo advisor pioneer Wealthfront must know that opposites attract: in this case, it’s saving and investing. Today, the company launched a securities-based lending option– a line of credit that allows its users borrow against their own savings accounts. (more…)

AI / Machine Learning / Big Data, Hotnews, p2p/online lending, Wealth management

April 20, 2017

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Steve Ballmer Spends Millions To Redesign Government Information

By Mark Wilson for Co.Design

The former Microsoft CEO and current Clippers owner wants to give back through a powerful data visualization tool.

(more…)

Government activities, Hotnews

April 20, 2017

JPMorgan to sell $6.9 billion of student loans to Navient

JPMorgan Chase agreed to sell a $6.9 billion portfolio of student loans to Navient Corp., five days after the bank told shareholders it was looking to unload the holdings. (more…)

Banks

April 20, 2017

Western Union Teams Up With Facebook Messenger For Global Money Transfers

By PYMNTS

Score another win for Facebook with Western Union’s latest announcement at the social media giant’s F8 annual developer conference. (more…)

Deals, Fintech news, Global trends, p2p-payments, Remittances

April 20, 2017

Nomura sets up Indian fintech programme; creates $92 million startup investment fund

Japanese investment bank Nomura has set up a fintech programme in India, inviting entrepreneurs to join it at a Mumbai base to build new tools for capital markets. (more…)

Fintech news, Government activities, Hotnews, InspirAsia

April 20, 2017

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I Joined Airbnb at 52, and Here’s What I Learned About Age, Wisdom, and the Tech Industry

By Chip Conley for HBR

A growing number of people feel like an old carton of milk, with an expiration date stamped on their wrinkled foreheads. One paradox of our time is that Baby Boomers enjoy better health than ever, remain young and stay in the workplace longer, but feel less and less relevant. They worry, justifiably, that bosses or potential employers may see their age more as liability than asset. Especially in the tech industry. (more…)

Global trends, Hotnews

April 19, 2017

Zelle P2P network zooms past Venmo

The American bank-backed Zelle network processed 170 million person-to-person payments last year boasting an aggregate transaction volume of $55 billion, more than double that of PayPal-owned rival Venmo. (more…)

Banks, p2p-payments

April 19, 2017

Investoo buys comparison site100ForexBrokers

100ForexBrokers.com, launched in 2012, is one of the world’s biggest Forex broker comparison sites with 60,000+ unique visitors per month and 100s of real user reviews. (more…)

Deals, Financial Markets / Trading, Global trends, Wealth management

April 19, 2017

China’s Ant Financial buys Singapore-based helloPay in boost to SE Asia plans

By Business Times,

[BEIJING] Ant Financial, the payment affiliate of Alibaba Group Holding Ltd, has acquired Singapore-based payment service helloPay Group, part of the Chinese firm’s drive to boost its Alipay brand and presence in South-east Asia. (more…)

Deals, Global trends, Hotnews

April 19, 2017

UOB, KrisFlyer launch savings account that rewards with air miles

ByYasmine Yahya for Straights Times,

SINGAPORE – United Overseas Bank and KrisFlyer have tied up to launch a savings account with debit card that rewards account holders with air miles when they save or spend.  (more…)

Banks, Fintech news, Hotnews, InspirAsia

April 19, 2017

Here’s one fintech that’s still going head-to-head against banks

By Bryan Yurcan for American Banker,

While there seems to be something of a detente between banks and fintechs as they start to partner more, especially on general consumer financial products, some fintech companies are still looking to beat banks in serving specific types of customers. (more…)

Banks, Fintech news, Global trends

April 19, 2017

Revolut Partners Up With Trussle For Mortgage Broking Service Access

Buying a home can be a long and arduous process whether as first-time home buyers or multi-unit owners. The paperwork alone can be tedious and, at some times, repetitive. (more…)

Remittances

April 19, 2017

Wells Fargo Is Testing a Chatbot in Facebook Messenger

Wells Fargo is testing a “chatbot,” an automated program that can communicate with the bank’s customers on Facebook’s messaging platform to give them information on their accounts and help them reset their passwords. (more…)

Banks, Bots, Global trends, Hotnews

April 19, 2017