Tagged: fintech

May 16, 2016 @ 9:00 am By Erin Hobey  |  

WePay, a provider of payments-as-a-service for online platforms including GoFundMe, FreshBooks and Constant Contact, today announced a white label mobile point of sale solution that enables platforms to handle in-person payments and online payments. Now platforms can offer their own branded mobile card reader as an integrated part… Read More

May 12, 2016 @ 11:17 am By Erin Hobey  |  

Envestnet | Yodlee (NYSE: ENV), the data aggregation and data analytics platform powering cloud-based innovation for digital financial services, today announced a strategic partnership with AlphaCode, a collaborative club for next generation financial services entrepreneurs in South Africa. “The fintech landscape, combined with Africa’s entrepreneurial spirit,… Read More

May 12, 2016 @ 10:56 am By Erin Hobey  |  

Curren$eek, a smartphone app that tells users where to find the best money-changer rates, won the Visa and Association of Islamic Banking Institutions Malaysia (AIBIM)’s Asean Fintech Challenge. The challenge was held in conjunction with the Global Islamic Finance Forum 5.0, to allow start-ups to… Read More

May 12, 2016 @ 10:28 am By Erin Hobey  |  

The UK and Singapore have established a “fintech bridge” that will help financial technology firms and investors from each country gain access to the other. Billed as the first of its kind, the bridge enables the UK’s Financial Conduct Authority (FCA) and the Monetary Authority of Singapore… Read More

May 10, 2016 @ 11:15 am By Erin Hobey  |  

The word on the street is that Antony Jenkins, the former Barclays Bank CEO who last year forecast a 50% cut in bank branches and staffing due to digital upheavals in the sector, is setting up his own fintech venture, according to a release. Ousted last… Read More

May 3, 2016 @ 11:51 am By Erin Hobey  |  

MobiKwik, a Gurgaon, India based mobile wallet company, has raised an undisclosed amount of funding led by Japanese GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek, according to a company press release. The round was part of Series C round raised last month, which included participation from its existing investors… Read More

April 28, 2016 @ 1:05 pm By Erin Hobey  |  

Last October seeking to modernize the way venture capital funds are formed and how they invest, the NYC-based investment crowdfunding platform Onevest launched 1000 Angels.  Aiming to be the “world’s largest digital-first, invitation-only investor network,” 1000 Angels includes OneVest co-founders Tanya Prive and Alejandro Cremades, Managing Partner Erica Duignan… Read More

April 28, 2016 @ 1:03 pm By Erin Hobey  |  

wiseAlpha, an online platform that allows people to invest in secured corporate loans of blue-chip British brand name companies such as Virgin Media, RAC, United Biscuits and Eddie Stobart, aims to give people the opportunity to earn a higher rate of interest and diversify their… Read More

April 27, 2016 @ 12:20 pm By Erin Hobey  |  

Income tax returns e-filing website ClearTax has secured an angel investment of $1.3 million from top Silicon Valley angels. ClearTax was founded in 2011 by the father-son team of Raja Ram Gupta and Archit Gupta, Srivatsan Chari and Ankit Solanki, ClearTax is the fourth Indian start-up  funded… Read More

April 27, 2016 @ 11:16 am By Samantha Hurst  |  

This week, Business Insider announced its 40 Coolest People in UK Fintech list. This list features entrepreneurs, venture capitalists, regulators, hackers, and investors. The media outlet declared: “We looked at who’s done cool and interesting things in the past year, including companies that have raised money or… Read More

April 27, 2016 @ 8:27 am By Samantha Hurst  |  

Online provider of working capital financing to small businesses, BlueVine, announced on Wednesday that it has secured a strategic investment from Citi Ventures. This investment will support the company’s growth as it continues to develop its capital financing platform for small businesses and expand. Eyal… 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 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 @ 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 @ 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