Fintech

Regtech Firm Qumram Receives Recognition as Most Innovative Fintech by Swiss Bankers

Regtech firm Qumram, has received a nice recognition at the 4th Annual WealthBriefing Swiss Awards 2017. Quumrm, a Fintech firm that provides digital compliance and risk management solutions, has been recognized as the “Most Innovative Fintech” by the Swiss private banking and wealth management community. Stephen… Read More

PayPal, Singapore Management University Team Up for Fintech Scholarship

PayPal and Singapore Management University (SMU) have teamed up to establish a fintech scholarship that is worth S$180,000 (over $125,000). The investment is focused on building the talent pool in Singapore for the fintech sector. Six undergraduates at SMU’s School of Information Systems (SIS) will each… Read More

Digital Lenders Association of India & PwC Publish Report on Impact of Fintech

The Digital Lenders Association of India (DLAI), a private association formed by leading Fintech companies in the online lending space such as KredX, Capital Float, Lendingkart, Finomena, Rubique, Zest Money, Indialends and Neogrowth, has released a report entitled Union Budget 2017: Impact of Digital Financial Services…. Read More

Fintech Company OpenFin Secures $15 Million During Series B Funding Round Led By J.P. Morgan, Euclid Opportunities & Bain Capital Ventures

Fintech company OpenFin announced on Thursday it has secured $15 million during its Series B funding round, which was led by J.P. Morgan, Euclid Opportunities, and Bain Capital Ventures. OpenFin describes itself as a financial industry common operating layer. The company enables rapid and secure… Read More

PayPal Acquires Canadian Fintecher TIO Networks

 PayPal has gained ground  in the underbanked bill payment space by acquiring the North American processor TIO Networks for $233 million, according to a release. Founded in 1997 and still led by its CEO founder, Hamed Shahbazi, Vancouver-based TIO Networks serves underbanked customers utilizing an online and mobile… Read More

Finacle, LTP Report Predicts Large Adoption of Blockchain by 2020

Infosys Finacle and Let’s Talk Payments (LTP) released a report earlier this month called, “Blockchain Technology: From Hype to Reality”.  The companies highlight the following findings: “The study polled over 100 senior financial services leaders at more than 75 organizations across the world and revealed that: 50%… Read More

Australia Launches Industry-backed Fintech Awards to Showcase Emerging Sector

  The Australian Fintech industry and Jobs for NSW have joined to launch new awards to celebrate the achievements of Australia’s financial technology pioneers. Deputy Premier and Minister for Regional NSW, Skills and Small Business, John Barilaro, stated that Jobs for NSW will provide $80,000… Read More

Rules-Based Fund CapBridge Launched to Invest in Private Securities

Singapore-based CapBridge Investment Trust (CIT) is a rules-based investment trust for private securities that has just launched. Recently incubated in the Clearbridge Accelerator in Singapore, the new firm is designed to help companies raise capital globally by driving institutional and accredited money into VC-like investments…. Read More

UK Fintech Startup Recasher Hits Seedrs to Raise €500,000 For Loyalty Program Expansion

Recasher, a London-based fintech startup, has recently launched an equity crowdfunding campaign on Seedrs with a mission to raise €500,000 for the expansion of its loyalty program that offers instant e-money cashback to consumers. The company described its loyalty program as an incentive for consumers to… Read More

China: WeiyangX Fintech Review

PBOC Becomes the First Central Bank to Issue Digital Currency Just at the start of 2017, People’s Bank of China (PBOC) took a big step in the area of digital currency. According to its announcement, PBOC has managed to test digital bill trading with beta-digital… Read More

Crossflow Payments Announces Signing Deal With UK Electronics Retailer Maplin

Crossflow Payments, a tech-driven alternative finance platform delivering supply chain finance solutions, announced on Wednesday it has signed a deal with UK electronics retailer, Maplin Electronics. The company reports that the three-year deal will give it the opportunity to fund £360 million of SME payables. … Read More

Asset Match Says Interest in Early Stage Investment is High but Liquidity Challenges are a Problem

Peer to peer trading platform, Asset Match, is out with some research on the demand for a secondary market for alternative securities. Asset Match is a London-based platform that enables shareholders to trade shares in unlisted companies. According to Asset Match, nearly two million UK… Read More

Arab Financial Services to Host First Annual Middle East & Africa Fintech Forum

Payment processing company Arab Financial Services is set to host the first annual Middle East and Africa Fintech Forum. This year’s theme is “Fintech Disruption in the Financial Industry.” According to Trade Arabia, the event is being sponsored by Bank ABC and Bahrain Economic Development Board (EDB)…. Read More

Standard Chartered Announces Open Banking API Developer Portal Launch

Standard Chartered announced last week it has launched its Open Banking Application Programming Interface (API) Developer Portal. The company stated that the launch of the portal will enable the Bank to further its digitization agenda and increase collaboration with a wide spectrum of partners including corporates,… Read More

InsurTech Startup Hippo Announces Partnership With Virtual Insurance Agent Provider Elafris

InsurTech startup Hippo announced on Tuesday it has formed a partnership with virtual insurance agency provider, Elafris. According to Hippo, the new partnership agreement will allow the company to create its own virtual agent chatbot infrastructure. Hippo describes itself as revolutionizing home insurance by making it… Read More

Xignite Appoints Former Microsoft Executive Mark Rowe As New CFO

Xignite, a provider of market data cloud solutions for financial institutions and fintech companies, announced on Tuesday it appointed former Microsoft executive Mark Rowe its new Chief Financial Officer (CFO). According to Xignite,  Rowe was notably Interim CFO and Vice President, Finance and Operations at 3D Robotics… Read More

Monetary Authority of Singapore Relaxes Some Rules to Improve Financing of SMEs

The Monetary Authority of Singapore (MAS) has announced regulatory changes to boost the resilience of finance companies and enhance their ability to provide financing to small and medium-sized enterprises (SMEs). The financial regulator said that some finance companies fill an important niche in providing access… Read More

For the Love of Blockchain: Abu Dhabi Global Market + London Fintecher EquiChain

In the news again, Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, is pleased to be a member partner of the industry working group, the Market Infrastructure Group, established by the London-based fintech company, EquiChain. The Group, comprising global industry & financial leaders,… Read More

Mosaic Securitizes Residential Solar Loans

Mosaic, a US provider of solar loans for homeowners, has completed their first securitization of solar loans. The Mosaic Solar Loans 2017-1 transaction (“MSAIC 2017-1”) resulted in proceeds of $138.95 million and received a “Green Bond” designation based on the standards published by the International… Read More