15 Major Fintech Trends in 2015/2016
By 2019, eMarketer estimates that the total value of transactions made by tapping a phone on an in-store terminal will reach $210 billion, up from $8.7 billion in 2015. For banks and retailers, that presents an opportunity to take on Apple Pay and Google’s Android Pay – and maybe save on transaction fees to boot.
Serguei Netessine is Timken Chaired Professor of Global Technology and Innovation at INSEAD (Singapore campus), and Research Director of INSEAD-Wharton Alliance. He is angel investor, startup advisor, industry consultant and speaker on entrepreneurship and innovation. His recent book “The Risk-Driven Business Model: Four Questions that will Define your Company” was published by Harvard Business Press in 2014. (more…)
By Eric Crouch for techinasia.com
Once you get into the realm of tens of billions of dollars, things stop making sense. The numbers are just so mind bogglingly huge that any sense of scale goes out the window. (more…)
Let’s follow Crowley the Crocodile as he goes about his day in the year 2030, from the moment his bitcoin-powered bioalarm clock wakes him, until he eats his late night pizza ordered using a rating service that runs without human owners. (more…)
By James Eyers for the Financial Review,
Australia’s transition to an innovative, technologically savvy economy and how corporate leaders are coping with the forces of disruption will be a major issue debated at The Australian Financial Review Business Summit this week.
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…)
By Julie Verhage for Bloomberg.com
Record number of deals for fintech in 2015. Some fintech companies that have recently entered the public market have had a tough time of late. (more…)
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…)
By Malavika Velayanikal for TechinAsia.com
Cloud-based software-as-a-service (SaaS) products are seeing hyper growth as small and medium businesses (SMBs) take to them in a big way. And Indian SaaS startups are well-placed to capitalize on it, says a joint report by Google and Accel Partners released today. (more…)
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…)
By Jon Russel for Techcrunch
Fresh from pulling in $83 million from European insurance giant AXA last month, Africa Internet Group (AIG) — the Rocket Internet-backed company behind e-commerce siteJumia — has announced that it has raised a much larger €300 million ($326 million) in fresh funding. (more…)
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.
By Zennon Kapron for Forbes
With digitalization and FinTech high on the banking agenda, the disruption of financial services looks like a given. The question, however, is where will the real change come from. Will it be blockchain, real-time settlement, the highly competitive payment space, crowdfunding, or P2P lending? (more…)
By Leena Rao for Fortune
Jamie Dimon weighs in on online lenders, regulation, and more. (more…)
By Jessy Hempel for The Wired Magazine
SIX YEARS AGO, Irish brothers John and Patrick Collison set out to make sending payments dead simple for businesses—as easy as pasting a line of code into their apps. It’s working. Today their company, Stripe, powers mobile payments for startups like Lyft and Slack and Fortune 500 companies like Best Buy. Now, the Collisons want to take the complexity out of starting a business in the first place—and render geography irrelevant in the process. (more…)
By Karen Mok for TechinAsia.com
Stripe is one of the most beloved startups in Silicon Valley. Stripe has been a definitive success in the US, but it’s looking beyond those borders in its next phase of growth. Asia is a clear contender – it has about half of the world’s smartphone users and is predicted to see the fastest e-commerce growth in the world in the years to come.
Banking group UniCredit has committed approximately €200m to invest in fintech companies worldwide.
To this end, The bank has signed a partnership with Anthemis Group, a London, UK and NYC-based venture capital and advisory firm that focuses exclusively on fintech.
According to a note, Unicredit aims to invest in fintech companies in order to turn a threat into an opportunity, enriching the business proposition and speeding up the digital evolution program of the group.
UniCredit will invest through two dedicated vehicles, as follows:
– a €175m equity fund focused on established startups and follow-on investments, with , and
– a $25m fund investing in early stage startups, where the bank will act as anchor investor.
Anthemis Holdings invests in digitally native financial services companies in such sectors as:
1. Retail banking & consumer finance
2. Business & corporate banking
4. Wealth & asset management
5. Capital markets & trading
6. Insurance & risk management
7. Data, technology & infrastructure
The firm currently has a portfolio of 31 companies based is US (52%), UK (30%), Continental Europe (4%) and rest of the world (15%), including Azimo, Betterment, eShares, eToro, Fidor Bank, Jumo, Metamakets, Payperks, Premise, Seedcamp, Xenapto, etc.
The article first appeared in Finsmes.com