fintech

Top fintech startups in the UK




fintech

To address AML oversight, BOJ creates sandbox for fintech applicants

FOUR MORE applicants are vying to provide mobile payment services in various formats, including one applicant seeking to use phone credit as a cash equivalent, but successful applicants will fall under a new framework the regulator calls its “...




fintech

Regulating fintech: what is going on, and where are the challenges?

Speech by Mr Fernando Restoy, Chairman, Financial Stability Institute, Bank for International Settlements, at the ASBA-BID-FELABAN XVI Banking public-private sector regional policy dialogue "Challenges and opportunities in the new financial ecosystem", Washington DC, 16 October 2019.




fintech

Payment aspects of financial inclusion in the fintech era

CPMI report: Payment aspects of financial inclusion in the fintech era, April 2020




fintech

How fintech can promote financial inclusion - a new report on the opportunities and challenges

CPMI Press release "How fintech can promote financial inclusion - a new report on the opportunities and challenges", 14 April 2020




fintech

Fintech Locations of the Future 2019/20: London tops first ranking

London has been named fDi’s inaugural Fintech Location of the Future for 2019/20, followed by Singapore and Belfast. 




fintech

Passion Capital partner puts faith in London fintech scene

Passion Capital's Eileen Burbidge talks to fDi about what fintech companies should consider when expanding internationally, and why London will always be a key market in the sector.




fintech

ADBI–Cambridge University Online Course on Fintech & Regulatory Innovation

ADBI, CCAF, and the JBSEEL are offering an 8-week Online Course on Fintech & Regulatory Innovation and related scholarships for select policy makers from Asian Development Bank developing member countries.




fintech

Testing Fintech Bank Solutions in the Philippines

ADB pilot project with the Philippines’ Cantilan Bank tests cloud-based banking.







fintech

How Latin America can make fintech a priority

       




fintech

How Latin America can make fintech a priority

       




fintech

In barmy world of fintech, $5.5bn for Revolut is not so bonkers

Neobank’s funding round sets new valuation parameters; De La Rue battles to last a decade




fintech

Revolut is the most hyped fintech in Europe. Can it grow up?

The company wants to upend banking but the need to mature is more urgent than ever




fintech

JPMorgan among new backers for paperless voting fintech

Proxymity raises $20m in spinout from Citigroup as shareholder meetings go virtual




fintech

Estonian fintech askRobin scores $1.7M to bring ‘fair credit’ to emerging markets

AskRobin, an Estonia-founded fintech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding. The seed round is backed by VC funds Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. In addition, a number of tech entrepreneurs from Estonia participated, such as […]




fintech

Africa Roundup: Nigerian fintech gets $360M, mints unicorn, draws Chinese VC

November 2019 could mark when Nigeria (arguably) became Africa’s unofficial capital for fintech investment and digital finance startups. The month saw $360 million invested in Nigerian-focused payment ventures. That is equivalent to roughly one-third of all the startup VC raised for the entire continent in 2018, according to Partech stats. A notable trend-within-the-trend is that […]




fintech

8 top fintech VCs discuss COVID-19 trends, signals and opportunities

In recent years, fintech’s revolution has felt like a rising tide. Behemoths like Stripe and Square edged out banks while newbies like Brex nonchalantly raised nine-figure rounds. Today, however, the state of the financial technology industry feels more wobbly — some healthy startups in the genre are faring better than ever, while others are feeling […]




fintech

Banks brace for Fintech fight - 15 Mar

The overwhelming majority of global banks and traditional financial services firms believe part of their business is at risk of being lost to standalone Fintech challengers, according to a PwC report released today.




fintech

Estonian fintech askRobin scores $1.7M to bring ‘fair credit’ to emerging markets

AskRobin, an Estonia-founded fintech that operates a financial services marketplace for “underbanked” customers in Latin America, has picked up $1.7 million in funding. The seed round is backed by VC funds Change Ventures, Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. In addition, a number of tech entrepreneurs from Estonia participated, such as […]




fintech

Monsoon Blockchain Partners With Industry Giants in the US and Asia to Engineer the Next Generation of Fintech

Business Wire India

Monsoon Blockchain Corporation, Asia’s premier blockchain company pioneering the adoption of highly secure decentralized asset management, has partnered with Asia’s largest digital asset platform OSL of BC Group, DraperDragon Fund, CarbonBlue of BSN, and Academy Award Winning Studio Cross Creek Media. This deal signifies a major move for the blockchain, digital assets, and the expansion of global media and Hollywood. These partners create a global powerhouse in the Asia-Pacific region, which plan to harness industry-leading blockchain solutions for their business needs.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200505006164/en/

 

(Graphic: Business Wire)

The Monsoon-OSL deal will explore opportunities to accelerate the drive towards the digitalization of assets, money, currencies, and decentralized blockchain ledgers (where all transactions, storage of payments and data will be inviolably recorded). Combining intellectual property, deal flow, large scale investors, and blockchain capabilities, Monsoon Blockchain is looking to create a digital asset powerhouse in the US and Asia.

 

OSL is the Hong Kong region’s most comprehensive digital asset platform, providing Software-as-a-Service, brokerage, exchange, and custody services for institutions and professional investors. OSL manages over $1.5B in transactions per month in digital asset trading. After reaching $171 billion this year, the value of business-to-business and cross-border payments carried out on blockchain systems is estimated to exceed an astounding $4.4 trillion by 2024.

 

Recently, Fidelity International, a spin-off from the U.S. financial services brand Fidelity Investments, invested in BC Group (stock code: 863 HK), the Hong Kong-based operator of crypto exchange OSL. Including custodial accounts, the firm reported $8.3 trillion in assets under administration - a spike from the reported $6.7 trillion in 2018.

 

Both Monsoon and OSL will participate in launching multiple digital assets and tokens including media and telecommunications tokens, Monsoon Token, and other branded assets within the Monsoon ecosystem. Monsoon has been making worldwide news in blockchain after partnering with China’s largest phone retailer, Dixintong (D.Phone), which generated a reported $2.5 billion in revenue in 2019.

 

Monsoon will be joining the Blockchain-based Service Network (BSN), which was recently launched on the Chinese Mainland on April 25th, 2020 and will officially be available for global commercial use by June 25th. China Mobile, China UnionPay, and Red Date Technology are the founding consortia partners that created the BSN protocol and infrastructure, which has been deployed in over 100 cities in China. The BSN is a global interoperability protocol that allows companies to connect to different blockchain ecosystems, as well as create and run new blockchain-as-a-service applications. The BSN will accelerate the development of digital economies and smart cities deployment by providing global interconnectivity and integrated blockchain cloud computing services for participants on the network.

 

Additionally, Monsoon has formed a new partnership with CarbonBlue Innovations to integrate cloud computing capabilities on top of the BSN protocol, allowing the creation of new low-cost blockchain cloud computing offerings suitable for developing regions of the world. CarbonBlue Innovations is a leading venture building and investment company that is focused on rapidly commercializing and scaling blockchain, fintech, and digital finance innovation around the world. Not only does CarbonBlue Innovations focus on both fintech infrastructure solutions, but also digital assets and investment banking services to allow the institutional adoption of regulated digital assets.

 

Michael Sung, Chairman of CarbonBlue Innovations asserted: “Monsoon’s unique cloud computing optimization technologies complement the existing multi-cloud offerings of the BSN and can further enhance our ability to customize blockchain cloud services for the developing world. With this partnership, we will be able to offer compelling low-cost solutions to enable SMEs (small and medium enterprises) globally to join the digital economy, which will massively drive self-sufficiency and financial inclusion in these developing regions.”

 

Monsoon will also be able to leverage the partnership with CarbonBlue Innovations to create innovative digital asset securitization and digital finance solutions for the market. Leveraging CarbonBlue Innovation’s strong academic and institutional finance affiliations, the new partnership will allow the creation of a vertically-integrated digital asset investment banking platform to address the massive opportunity in the future digitization of the world’s economy. CarbonBlue Innovations is able to provide full-stack solutions, vertically-integrating fintech technology infrastructure, legal/regulatory best practices, and institutional financial engineering expertise for digital finance.

 

Michael Sung added, “CarbonBlue Innovations has created a strong strategic partnership network consisting of the top digital asset companies leading the industry. Combined with Monsoon’s access to various industry ecosystems and pipeline of tokenization projects, our partnership will enable us to immediately scale to take a leadership position in the market and allow our clients to leapfrog into the future of finance.”

 

Partnering with Monsoon Blockchain, Cross Creek Media ($1.5B in the worldwide Box office) will expand its digital assets in film, television, and IP into the blockchain universe. The aim of the partnership is to achieve streamlined digital content management systems, and to gain broader access to worldwide audiences. Cross Creek has been a co-financier/producer of such films as Oscar winner Black Swan and has been behind hits American Made,Everest, Black Mass, Bloodshot, Hacksaw Ridge and the upcoming The Trial of the Chicago 7. Cross Creek is well positioned to be the next generation of production houses. Additionally, Cross Creek will announce a token style offering alongside Monsoon Blockchain Corporation. Timmy Thompson, CEO of Cross Creek Media stated: “We are very excited to work with Monsoon and continue developing award-winning properties. Furthermore, we believe Cross Creek's portfolio of new media technology investments perfectly positions us to take advantage of the new distribution paradigms.”

 

“We are very honored to work with such insightful leaders and innovators, the breadth of participants in this deal demonstrates the significant impact blockchain will have across a wide variety of industries,” Dr. Donald Basile added, “tokenization of asset classes has a tremendous upside on both the investment level and security level. Gartner’s prediction of over $3 trillion of business value added by blockchain seems increasingly likely.”

 

Monsoon Blockchain Corporation is focused on innovative cloud solutions in the blockchain ecosystem. Dr. Donald Basile, its CEO and founder, is the former CEO of Fusion IO, a company known for playing a major role in implementing the cloud systems at Apple and Facebook as well as partnerships with HP, IBM, and Dell. Recently, Monsoon Blockchain added advisory board members Ken Goldman, President of Hillspire (Eric Schmidt’s family office), and former CFO of Yahoo and Fortinet and Xiaoma Lu, former Dalian Wanda Investments CEO and former board member of the Shenzhen Stock Exchange to their team.

 

 




fintech

Pay later fintech Klarna added 25,000 new UK users a week by the end of 2018

Swedish fintech Klarna attracted 25,000 new UK users each week in the last three months of last year, as it celebrated a bumper 2018 that saw global revenue increase 31% to £445m.




fintech

Fintech firm Instamojo buys GetMeAShop from Times Internet for $5 million

With this, GetMeAShop's 30 member-odd team has joined Instamojo, to work as part of the company's e-commerce business, MojoCommerce




fintech

India third-largest fintech market in 2019, investments doubled to $3.7 bn

The vast majority of funds raised last year in India went into payments startups, while insur-techs raked in 13.7 per cent of the investments




fintech

Fintech start-up Khatabook announces strategic partnership with MS Dhoni

The World Cup winning skipper will not only invest in Khatabook but also become its brand ambassador




fintech

Contactless payments, digital loans make kiranas open doors to fintech

Top fintech companies are, therefore, rushing to tap into this new consumer trend, with several of them offering digital solutions to small merchants. These range from instant loans to digital billing to even geotagging, as companies believe the merchant digitisation business will boom when the lockdown eases.




fintech

Indian fintechs face big test as economy feels the heat

Digital lenders have helped small businesses access funding, but a liquidity crunch looms




fintech

The AI Book: The Artificial Intelligence Handbook for Investors, Entrepreneurs and FinTech Visionaries


 

Written by prominent thought leaders in the global fintech space, The AI Book aggregates diverse expertise into a single, informative volume and explains what artifical intelligence really means and how it can be used across financial services today. Key industry developments are explained in detail, and critical insights from cutting-edge practitioners offer first-hand information and lessons learned. Coverage includes:



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fintech

FinTech, BigTech and banks: digitalisation and its impact on banking business models / Alessandra Tanda, Cristiana-Maria Schena

Online Resource




fintech

Fintech and Islamic finance: digitalization, development and disruption / Nafis Alam, Lokesh Gupta, Abdolhossein Zameni

Online Resource




fintech

The impact of digital transformation and FinTech on the finance professional / Volker Liermann, Claus Stegmann, editors

Online Resource




fintech

FinTech and data privacy in Germany: an empirical analysis with policy recommendations / Gregor Dorfleitner, Lars Hornuf

Online Resource




fintech

The disruptive impact of fintech on retirement systems / edited by Julie Agnew and Olivia S. Mitchell

Dewey Library - HG179.D57 2019




fintech

A global guide to fintech and future payment trends / Peter Goldfinch

Dewey Library - HG1692.G65 2019




fintech

Emerging courses: How Fintech is attracting commerce and science students, list of top courses