April 26, 2016 @ 12:53 pm By Erin Hobey  |  

RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced the closing of a $1,000,000 equity investment in an industrial property in Glendale Heights, IL, within the Chicago metropolitan area. The sponsor for the acquisition is Clear Height Properties, a real estate investment and… Read More

April 26, 2016 @ 12:23 pm By Erin Hobey  |  

Nexuslab, the Swiss blockchain startup programme powered by Startupbootcamp, has announced a partnership with Rabobank. The Dutch bank joins Nexuslab to support the first round of its programme geared towards early-stage European blockchain ventures. The collaboration adds leading financial industry expertise to the programme and… Read More

April 26, 2016 @ 11:38 am By Erin Hobey  |  

According to Reserve Bank of India Deputy Governor R Gandhi, approval of new types of NBFCs (non-banking finance companies) will continue.  Detailed information has not yet been released from the bank, but Gandhi commented while inaugurating the ASSOCHAM summit discussing NBFCs: The Changing Landscape’ reported Mumbai’s Deccan Herald:… Read More

April 21, 2016 @ 12:33 pm By Erin Hobey  |  

Fitness App Mammoth Hunters second crowdfunding raise in eight months on  Crowdcube Spain has proven successful, having overfunded with nine days remaining on its campaign.  The customized training and nutrition app motivates users to change their habits and live a healthier life, offers services comparable to a personal nutritionist… Read More

April 21, 2016 @ 12:07 pm By Erin Hobey  |  

Distributed ledger outfit Digital Asset Holdings has acquired Zurich-based Elevence Digital Finance, a startup that has developed a modelling language for determining rights and obligations in blockchain collaboration agreements. Digital Asset noted in a release that Elevence’s technology complements its existing software by providing a new, verifiable… Read More

April 21, 2016 @ 11:38 am By Erin Hobey  |  

BMO Financial Group wants to ensure that the next big idea gets the support needed to ensure the idea come to fruition and will ultimately benefit Canadian consumers. By partnering with the DMZ at Ryerson University, one of Canada’s largest business incubators, BMO hopes to identify innovative minds geared toward… Read More

April 21, 2016 @ 11:14 am By Erin Hobey  |  

Neil Mullane has joined Funding Circle’s business development team after heading Barclay’s  business and corporate banking, supporting small businesses with a £250,000 to £25 million turnover. Mullane brings eight years of experience in commercial finance, and will play an active role in continuing to build the intermediary channel. “It’s an… Read More

April 19, 2016 @ 1:32 pm By Erin Hobey  |  

  Online lending platform Avant announced today it has recruited the key technical teams of two local technology startups, StudyCloud and TempoIQ, to support the company’s next phase of growth. Avant recently surpassed $3 billion in loan originations and as growth continues for 2016, acqui-hires have become… Read More

April 19, 2016 @ 12:12 pm By Erin Hobey  |  

Global banks must start ‘thinking big’ to meet evolving customer demands in the digital age, revamping core systems and establishing full competency in API-based software development, according to Capgemini‘s 2016 edition of its annual World Banking Report. Fintech providers are making increasingly significant inroads with customers,… Read More

April 19, 2016 @ 11:50 am By Erin Hobey  |  

China’s Ping An group has its eye on becoming the fasting lending platform in China, planning to incorporate face recognition technology into its wealth management and other services which would require only six minutes to complete a loan application, according to a statement. The inhouse-developed technology… Read More

April 19, 2016 @ 11:29 am By Erin Hobey  |  

Rambus Inc. (NASDAQ:RMBS) announced the release of the DPA Workstation 8 analysis platform, featuring an extensive upgrade to the workstation software and user interface for enhanced system performance and usability in ASIC and FPGA side-channel vulnerability testing, according to a release. Designed to test and analyze hardware… Read More

April 15, 2016 @ 2:52 pm By Erin Hobey  |  

In early March Witt Energy launched a Crowdcube campaign to secure £750,000 for its patented fully scalable innovative energy harvesting system. During its first week on the equity crowdfunding platform, the UK tech company scored £500,000.  Now, in the campaign’s final hours the amount raised for 7.08% equity has surpassed the… Read More

April 15, 2016 @ 10:41 am By Erin Hobey  |  

The California Department of Business Oversight (DBO) has issued a summary report of aggregate data provided by the companies that responded to the DBO’s online survey sent to 14 marketplace lenders engaged in online consumer and/or small business lending (or other types of financing such as merchant cash advances)…. Read More

April 15, 2016 @ 10:21 am By Erin Hobey  |  

Montreal-based FinTech company Mobeewave has launched its mobile P2P payment application PayMeTap to people across Canada. This free application allows users to securely accept a payment by tapping their phone with a credit card. Available for Android in the Google Play Store, PayMeTap aims to enable… Read More

April 15, 2016 @ 7:46 am By Erin Hobey  |  

Funding Circle, a small-business lending platform, hired Deutsche Bank AG as the sole  arranger of the first securitization of P2P loans in Europe, according to a person familiar with the matter told Bloomberg. The firm will meet investors in London April 18-20 to discuss a possible deal in pounds,… Read More

April 15, 2016 @ 7:24 am By Erin Hobey  |  

Frost & Sullivan’s latest study, “Fintech in Australia – Trends, Forecasts and Analysis 2015 – 2020” forecasts that the Australian Fintech Sector will grow at a CAGR of 76.36% and reach A$4.2 billion by 2020; of which A$1 billion will be completely new added value to… Read More

April 15, 2016 @ 7:06 am By Erin Hobey  |  

  Beyond Bank, one of Australia’s largest customer owned banks, has achieved recognition as a Celent Model Bank for 2016. The award was made for its omni-channel customer engagement platform, designed and delivered by Avoka, the leader in digital customer acquisition for financial services. The… Read More

April 15, 2016 @ 12:01 am By Erin Hobey  |  

Venture capitalists invested $12.1 billion in 969 deals in the first quarter of 2016, according to the MoneyTree Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Total venture dollars deployed to startup companies for… Read More

April 14, 2016 @ 12:28 pm By Erin Hobey  |  

The Monetary Authority of Singapore is to host a week-long ‘Fintech Festival’ to promote the island economy as a global hub for innovative financial services. The idea was mentioned in a speech by Mr Tharman Shanmugaratnam, Deputy Prime Minister and Coordinating Minister for Economic and… Read More

April 14, 2016 @ 11:54 am By Erin Hobey  |  

Global investment in fintech ventures in the first quarter of 2016 reached $5.3 billion, a 67 percent increase over the same period last year, and the percentage of investments going to fintech companies in Europe and Asia-Pacific nearly doubled to 62 percent. These are among… Read More