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1607

India’s Modi Launches $1.5 Billion Fund for Startups

By Reuters,

Indian Prime Minister Narendra Modi launched a number of initiatives on Saturday to support the country’s start-ups, including a 100 billion rupee ($1.5 billion) fund and a string of tax breaks for both the companies and their investors. (more…)

Cashless, Fintech news, Government activities, India, news, SME

January 16, 2016

1184

Banks vs. Fintech? No Contest, Banks Win

By Rene Lacerte for Huffington Post,

The meteoric rise of fintech firms in recent years coupled with the surge of interest by already-established technology companies in the consumer payments space are nothing short of remarkable. (more…)

Banks, Fintech news, Global trends

January 14, 2016

SBI’s Intech to engage startups in FinTech

(SBI) chairman Arundathi Bhattacharya on Thursday announced Intech, an initiative to team up with startups to create financial technology (FinTech) solutions for banks. (more…)

Banks, Cashless, Deals, Fintech news

January 14, 2016

1143

Fintech comes to Davos

Fintech will be high on the agenda at this year’s World Economic Forum jamboree in Davos, as senior bankers take to the stage to discuss the digital convulsion hitting their industry, and smaller startups stalk the halls.

(more…)

Fintech news, Mobile payments/banking, news

January 13, 2016

BofA Has $3 Billion to Pour Into Innovation as Banks Are Swarming Around FinTech Startups

With the financial industry heating up, banking giants are looking to catch the innovation wave and leverage the opportunities FinTech startups create. One of the largest American banks, Bank of America—along with other banking industry giants—is taking steps to embrace FinTech and innovation in a wide range of financial services. (more…)

Banks, Fintech news, news

January 12, 2016

3929

John Biggs leaves ‘Best job ever’ to run a fintech company

It’s hard to deny the brain drain to the FinTech industry occurring nowadays. And this is no surprise – the industry has been showing rapid growth recently. The overall investment in the sector reached millions of dollars and financial technology startups inconspicuously turned into red hot investments.

(more…)

Fintech news, news, People of fintech

January 12, 2016

1565

Deals: Mambu, The SaaS Banking Platform, Picks Up €8 Million Funding

By Steve O’Hear for Techcrunch.com,

Mambu, the SaaS banking platform, has raised a further €8 million in funding. The round was led by Acton Capital Partners and CommerzVentures, with participation from existing investors. The additional capital will be used to expand its commercial team, invest in the platform and to open new offices in Asia and the Americas. (more…)

Banks, Deals, Fintech news

January 11, 2016

Starling raises $70m for UK banking market push

By Emma Dunkley for ft.com

Starling Bank has recruited a former regulator and a number of industry heavyweights for its board while raising $70m to spearhead its attempt to move into the UK banking market. (more…)

Banks, Deals, Fintech news

January 11, 2016

1433

CBS, PLDT unit to service loans through online platform Lendr

by Maricel Burgonio for Manila Bulletin,

China Bank Savings (CBS) has partnered with PLDT unit  Voyager Innovations to service loans through Lendr, the country’s first online marketplace platform for consumer loans. (more…)

Banks, Cashless, Fintech news

January 9, 2016

2426

Maybank-MaGIC collaborate to boost start-up businesses in Malaysia

Malayan Banking Bhd (Maybank) has teamed up with Malaysian Global Innovation and Creativity Centre (MaGIC) to boost start-ups in the financial services industry in ASEAN.

In a statement today, Maybank said it would leverage on MaGIC’s expertise, regional reach and resources to nurture local and regional start-ups. (more…)

Banks, Fintech news, Global trends, InspirAsia, Malaysia, Singapore

January 6, 2016

2274

DBS commits S$10m to Singapore’s startup ecosystem

By dealstreetAsia,

Southeast Asia’s leading lender DBS Friday committed S$10 million ($7.1 million) for Singapore’s startup ecosystem over the next five years, and a bulk of this amount is slated to go into programmes run by the bank such as its partnerships with local accelerators and incubators.

(more…)

Banks, Fintech news, Government activities, Singapore

January 4, 2016

Deals: Julius Baer, Sina To Invest $22.9M In Wealth Manager Jupai

By Li Dongmei for China Money Network

Swiss private banking firm Julius Baer Group Ltd. and have agreed to invest US$22.9 million in total in Shanghai-based wealth management firm Jupai Holdings Ltd., according to an announcement. (more…)

Deals, Fintech news

January 1, 2016

2809

PH fintech firm Ayannah raising $3m capital

DealStreetAsia: Philippine financial technology (fintech) company Ayannah is in the process of raising $3 million in its Series A round led by 500 Startups and Life.SREDA, and other fintech tech investors have already participated in the financing round.

(more…)

Fintech news, news, Philippines

December 30, 2015

17938

12 lessons from BBVA and Goldman Sachs: how banks should regard fintech

Vladislav Solodkiy, Managing Partner, Life.SREDA VC

“Innovator’s Dilemma”: are the banks capable of making innovations by themselves? (more…)

About, Banks, Columns, Influences FinTech

August 5, 2015