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FundThis creates a ‘risk free’ crowdfunding platform

By  for Venture Beat

Fundthis is launching a new “risk-free” crowdfunding platform to enable creators to raise money for new projects, ranging from fashion ideas to tech projects.

(more…)

Crowdfunding/investing, Deals, Fintech news, Global trends

March 23, 2017

Amazon delays its entry into Southeast Asia

By Jon Russel for TC

Amazon has postponed its much-anticipated entry into Southeast Asia. The company initially planned to launch local e-commerce services in Singapore during the first quarter of this year, as we reported in November, but two sources with knowledge of the plans told TechCrunch that the schedule has slipped to “later this year”. (more…)

Global trends, Hotnews

March 23, 2017

Revolut to undertake £4 million crowdfund raise; launches subscription service

Revolut is taking a leaf out of Amazon’s playbook, launching a Prime-like subscription account that gives members cheaper deals and the opportunity to participate in a forthcoming crowdfunding raise. (more…)

Deals, Global trends, Hotnews, Payment processors/providers/gateways, Remittances

March 23, 2017

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SAP Ariba Will Use Blockchain to Track Shipments, Ensure Authenticity

By Tom Groenfeldt for Forbes,

SAP Ariba, which connects 2.5 million buyers and sellers around the world through its network, today announced it will offer blockchain record-keeping across its cloud-based applications and business network. (more…)

Blockchain, Global trends, Hotnews

March 23, 2017

Malaysia’s Jirnexu raises $1.5 million for fintech software

by  for VB

Malaysian fintech startup Jirnexu has raised $1.5 million in funding from DMP, Gobi Partners, and OSK Ventures International Berhad (OSKVI). (more…)

Deals, Hotnews, InspirAsia, Malaysia

March 23, 2017

Amazon Plans a Big Acquisition in the Middle East

Amazon .com has agreed in principle to buy 100% of Dubai-based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. (more…)

Deals, Fintech news, Global trends, Hotnews

March 23, 2017

SAP Ariba unveils Procurement bot, an AI assistant for supply chain management

By Khari Johnson for Venture Beat,

SAP Ariba unveiled an AI-powered assistant named Procurement today to speak with buyers and suppliers about orders in a conversational interface. The announcement was made onstage at SAP Ariba Live conference in Las Vegas. (more…)

Fintech news, Global trends

March 23, 2017

Solarisbank raises $28 million with sights set on Asian market

By BI Inteligence,

While the US and European fintech markets seem to have stalled, Asia continues to show robust growth. (more…)

Banks, Deals, Hotnews

March 22, 2017

Goldman building robo-adviser to tap mass affluent client segment

GOLDMAN Sachs Group, known for advising the world’s richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank’s website. (more…)

Banks, Global trends, Hotnews

March 22, 2017

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MAS Conclusion about Distributed Ledger Technology in Securities Settlement and Cross Border Payments

By FintechNews.Sg

The Monetary Authority of Singapore (MAS) today announced the successful conclusion of the proof-of-concept project to conduct domestic inter-bank payments using distributed ledger technology (DLT). The project, in partnership with R3 and a consortium of financial institutions, was first announced on 16 November 2016 by MAS. (more…)

Blockchain, Cryptocurrencies, Government activities, InspirAsia

March 22, 2017

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Deutsche Bank opens New York innovation lab

By Finextra,

Deutsche Bank has opened an innovation lab in New York, its fourth globally after Silicon Valley, Berlin and London. (more…)

Banks, Global trends

March 22, 2017

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All 51 startups that debuted at Y Combinator W17 Demo Day 2

Over 15,000 founders from 7,200 startups applied to this batch of Y Combinator. It chose just over 100 with founders from 22 countries to go through its accelerator program. Today, the second half of those companies launched on stage, and we have breakdowns of all 51 of these businesses. (more…)

Deals, Global trends, Hotnews

March 22, 2017

5 insurtech trends to watch in Southeast Asia

By Colin Wu for Tech in Asia,

When you think of insurance, certain things come to mind. The overbearing smell of coffee when meeting your own insurance agent for one, or the ink fumes after filling in the long insurance plans. For better or worse, convoluted insurance plans are a feature in our daily lives. (more…)

InspirAsia, Insurance

March 22, 2017

Fabric raises $2.5 million to simplify life insurance

By  for Venturebeat

Parents’ worry for their children often leads them to what should be a simple decision: life insurance. But the process can be complex and expensive. Fabric wants to change that by providing a straightforward mobile solution that bypasses commission-driven insurance agents. The Brooklyn-based startup launched today and announced a seed round of $2.5 million led by Bessemer Venture Partners. (more…)

Insurance

March 21, 2017