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Ayondo Pursues IPO After Reverse Takeover Deal Lapses

By Julie Muhn for Finovate

Here’s a quick update on our report a few weeks back that social trading company ayondowould not be undergoing a reverse takeover (RTO) IPO due to a lapsed bid from Singapore-based property developer, Starland Holdings. Today, ayondo has announced that, despite the bid falling through, it is determined to become the first fintech company to IPO on the Singapore Stock Exchange. (more…)

Fintech news

October 16, 2017

114

IBM uses blockchain to improve cross-border payments processing

IBM is leading a project that uses public blockchain technology to make international payments in developing countries more efficient and less expensive. (more…)

Banks, Deals, Fintech news, Hotnews

October 16, 2017

104

Monetary Authority of Singapore: DLT is a Natural Platform for Collaboration

Ravi Menon, Managing Director of the  Monetary Authority of Singapore (MAS), spoke about the intrinsic potential of Blockchain or Distributed Ledger Technology (DLT) at the Global Blockchain Business Conference last week in India. Singapore is the leading Fintech hub in southeast Asia and is keen to maintain the title. Blockchain is a key element for the future of financial services. (more…)

Blockchain, Cryptocurrencies, Government activities

October 16, 2017

Amazon vs Alibaba: the R&D spending war

By Steven Millward for Tech in Asia

Alibaba this week announced a big push to do more research and development, ploughing US$15 billion into new innovation over the next three years. Here’s how that stacks up to what Amazon is already doing. (more…)

Analytics, Fintech news, Global trends

October 16, 2017

187

Monte Carlo Simulations Of Inside And Outside Sales Teams In A SaaS Startup

By Tomasz Tunguz from Redpoint Ventures,

Recently, a VP of sales told me about the way he views the dynamic between inside and outside sales. Inside sales is the drumbeat, a highly predictable sales organization whose consistency enables outside sales to swing for the fences. I never heard it expressed quite this way, but I do think there’s some truth to it. To prove it to myself, I ran a Monte Carlo simulation for hypothetical startup. (more…)

Fintech news

October 11, 2017

192

Blockchain Technology’s Applications in Banking is ‘Infinite’: Credit Suisse Banker James Disney

Credit Suisse bank’s global head of software investment banking, James Disney, addressed the applications of Blockchain technology in the banking industry saying, ‘sky is the limit.’ (more…)

Banks, Blockchain

October 11, 2017

193

JPMorgan and Temasek leed $100 million funding round for Bill.com

By Bill.com

Today Bill.com, the largest U.S. business payments network, announced it has secured $100 million in financing with the goal of finally eliminating all paper from business payments. (more…)

Deals, Fintech news, Global trends, Hotnews, Payment processors/providers/gateways

October 11, 2017

167

Wells Fargo expands fintech banking team

By Wells Fargo

Wells Fargo Corporate Banking announced today that it has expanded its financial technology banking team to better serve financial products and services companies that rely on new technology. Charles “Chuck” Silverman, a 25-year company veteran, has been named head of the expanded Financial Technology (FinTech) Group. (more…)

Banks

October 11, 2017

MarketInvoice Reports Record Invoice Demand During Q3: Proud to Support UK Businesses

By MarketInvoice

Business finance company MarketInvoice observed record quarterly demand for invoice finance from UK businesses in Q3 2017. £196.2m worth of invoices were funded in the quarter, of which £74.1m was funded in August alone – a record month for MarketInvoice, providing UK businesses with critical working capital. (more…)

Fintech news, Global trends, Hotnews, Security

October 11, 2017

144

Temenos wins “material deal” with Santander’s Openbank

By Temenos

Further to the press release issued on 9th October 2017 announcing a global tier 1 bank had selected Temenos Core Banking, Temenos (SIX: TEMN), the software specialist for banking and finance, can today confirm that Openbank, the digital bank of Santander Group, has selected Temenos Core Banking to be implemented as Openbank’s new core banking solution for retail and SME banking across its global operations. (more…)

Banks, Hotnews

October 11, 2017

Marketplace Lender LoanBook Partners with Sage in Spain

LoanBook, a large SME marketplace lender based in Spain, has formed a new partnership with Sage, a market-leader in cloud accounting, payroll and payments software, to offer Sage’s Spanish customers a direct, in-product channel to alternative finance options. (more…)

Hotnews, p2p/online lending

October 11, 2017

152

Ripple: The Most (Demonstrably) Scalable Blockchain

This is a guest post by Mark Travis for high Scalability, Performance Engineer at Ripple.

Ripple’s XRP Ledger is a blockchain-based payment network that transfers funds between any type of currency within a few seconds with average transaction costs of a fraction of a penny. The core of this peer-to-peer network is an open source C++ application called rippled. Ripple’s goal is to supplant the world’s existing legacy payment networks. As such, scalability is a continuous goal. This document describes how the rippled team has integrated performance engineering into its development processes, and how this has contributed to throughput gains of over 1000%. (more…)

Blockchain, Cryptocurrencies

October 11, 2017

Small business lending in Mexico gets a boost

By Jonathan Shieber for Techcrunch

Micro-lending and small business financing are a critical component of economic growth in around the world, and the need for access to low-cost capital is especially important in developing countries. (more…)

Global trends

October 9, 2017

198

ING invites aspiring entrepreneurs to ‘Test Your Idea’

ING in Poland has launched a new online tool which enables entrepreneurs to test out their business ideas with a target group of prospective users. (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, Global trends, Hotnews

October 9, 2017

177

BBVA passes 15 million mobile customers milestone

By BBVA

BBVA now has more than 15m mobile active customers across its global footprint, as its digital strategy continues to prove a success. (more…)

Banks, Fintech news, Global trends

October 9, 2017