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French Fintech Lydia Secures €13 Million in Latest Funding Round to Accelerate Cashless Payment Growth in Europe

Lydia, the French mobile payments firm, announced this week it has raised €13 million through its latest funding round, which was led by CNP Assurances with participation from XAnge, New Alpha AM, Oddo BHF and Groupe Duval. The company reported it plans to use the latest funds (which brings its total funding to €23 million) to continue acceleration of cashless payments in Europe. (more…)

Mobile payments/banking

February 19, 2018

186

Millions of Dollars Are Waiting to Flood Into Cryptocurrencies But They’re Stuck on the Sidelines – Here’s Why

Do you know who the major players are in the crypto space right now?

It’s the “WHALES” aka people with at LEAST several million dollars worth of cryptos in their possession, in “old school” financial terms these are the people known as “High Net Worth Individuals” (HNWI).

(more…)

Cryptocurrencies, Global trends

February 19, 2018

199

Artificial Intelligence (AI) and FinTech

By Gaurav Sharma

The speed of technological change is exponential. What was yesterday’s hot ticket quickly becomes tomorrow’s old news. We are living in the midst of a huge surge of interest and research in Artificial Intelligence (AI). It seems like every week there is a new breakthrough in the field and a new record is set in some task previously done by humans. If you don’t already know what IoT, AI, VR, AR, and bots mean, you better get up to speed immediately because these technologies are changing the way data is created, collected, interpreted, and communicated.

(more…)

AI / Machine Learning / Big Data, Blockchain, Fintech news

February 19, 2018

An Overview of the Telegram ICO

Telegram is conducting an ICO for its cryptocurrency Telegram Open Network (TON) that may raise up to $1.2 billion, an amount that would make it the largest ICO ever (Filecoin, the second largest ICO, raised $257 million in September). Telegram is an encrypted chat platform with 200 million users and is the platform of choice for people involved with cryptocurrencies who use it to launch project token sales and ICOs, keep followers up to date on projects, and coordinate developer efforts. The cryptocurrency created by the Telegram ICO would be closely integrated with the chat application and attempt to provide solutions for file storage, payments, and anonymous browsing. (more…)

Blockchain, Cryptocurrencies

February 19, 2018

102

Getting Paid in Cryptocurrencies – What Should Freelancers Know

By Mark Thomasson, a biz-dev hero at Invoicebus – a simple invoicing service that gets your invoices paid faster. He passionately blogs on topics that help small biz owners succeed in their business. He is also a lifelong learner who practices mindfulness and enjoys long walks in nature more than anything else.

Many people are trying to find their place under the Bitcoin sun these days. The craze of Bitcoin mining has taken the world by storm and a large number of people are trying to make money that way. (more…)

Blockchain, Cryptocurrencies

February 19, 2018

228

Ten years in, nobody has come up with a use for blockchain

By Kai Stinchcombe for his blog

Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain—besides currency speculation and illegal transactions.

Each purported use case — from payments to legal documents, from escrow to voting systems—amounts to a set of contortions to add a distributed, encrypted, anonymous ledger where none was needed. What if there isn’t actually any use for a distributed ledger at all? What if, ten years after it was invented, the reason nobody has adopted a distributed ledger at scale is because nobody wants it? (more…)

Blockchain

February 16, 2018

188

Santander InnoVentures joins $25m Roostify funding round

San Francisco-based digital lending platform provider Roostify has closed a $25 million Series B financing round joined by Santander InnoVentures, Cota Capital and Point72 Ventures. (more…)

Banks, Fintech news, Global trends

February 16, 2018

228

BBVA-backed digital banking startup targets gig economy workers

Azlo, a BBVA-backed digital banking platform targeting the fast-growing army of freelancers and self-employed Americans who make up the gig economy, has opened its virtual doors. (more…)

Banks, Hotnews

February 16, 2018

Tandem turns to the crowd for £4 million fund raise

Digital banking startup Tandem is going back to the crowd in a bid to raise a further £4 million from the 2000 members of its Seedrs community. (more…)

Mobile-first banks

February 16, 2018

226

BinckBank to Disrupt Dutch Savings Market with Raisin Partnership

BinckBank N.V.  is poised to disrupt the Dutch savings market as the online bank will be the first to offer its clients access to European savings products via a partnership with Raisin. BinckBank serves more than 614,000 account holders with assets of € 22.7 billion as of December 31, 2016. (more…)

Fintech news, Global trends

February 15, 2018

165

Wirecard digitizes banking services for ReiseBank’s bankomo app

By Wirecard,

Wirecard, the digital financial technology specialist, is today expanding its collaboration with ReiseBank, the market leader in the field of travel money in Germany. (more…)

Global trends, Payment processors/providers/gateways

February 15, 2018

166

94-Year-Old Berkshire Hathaway VP: It’s ‘Disgusting’ People Buy Bitcoin

Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as “totally asinine” Wednesday in what some consider will be one of his last public forums, Financial Times reports Thursday, Feb. 15. (more…)

Blockchain, Global trends, p2p-payments

February 15, 2018

242

Monzo given go-ahead to ‘passport’ banking licence to Republic of Ireland

By Steve O’Hear for TC

Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, has announced the first step in its plans for international expansion with news that is has regulatory approval to operate in the Republic of Ireland. (more…)

Banks, Fintech news, Global trends, Hotnews, Influences FinTech, Mobile-first banks

February 14, 2018

220

Revolut expands into Apac region

By GPS

Global Processing Services (GPS), part of Rt. Hon. Lord Mayor of the City of London’s UK Business delegation which are currently in Australia this week; announces today that it has been selected to be the payment issuer processor for multi-currency FX money app Revolut, for the future launch of their app in the APAC region starting with New Zealand, Singapore and Japan. (more…)

Banks, Fintech news, Global trends, Hotnews, InspirAsia

February 14, 2018

208

Regulators Continue to Crack Down on Digital Currencies

Crypto currency news continues to dominate the fintech space, as new concepts and ideas that are the future of technology continue to incorporate digital currencies. While many believe that crypto currency values will surpass 1-trillion in 2018, the crack down on regulatory compliance continues to be a fly in the ointment. Another interesting phenomenon is the number of hedge funds that have popped up that are completely dedicated to trading crypto currencies.  This will either provide additional liquidity and the advancement of the fintech space or be a failure that drains liquidity as the tulip market tumbles. (more…)

Fintech news, Government activities

February 14, 2018