Welendus to Shake-up Short-Term Lending With £300K Seedrs Campaign
Feb06

Welendus to Shake-up Short-Term Lending With £300K Seedrs Campaign

Level39 member Welendus is ramping up its efforts to shake-up the short-term lending market with a £300k crowdfunding campaign on Seedrs. Headed up by CEO Nadeem Siam – Welendus  poses as a more ethical alternative to the oft-criticised payday loan industry. Working through a peer-to-peer platform, rather than via a single lender, Welendus enables users to borrow from others without any hidden costs or charges. The business is looking...

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UK Department for International Trade announces FinTech mission to Australia
Feb06

UK Department for International Trade announces FinTech mission to Australia

The UK’s Department for International Trade (DIT) has announced its first FinTech mission to Australia taking place in Sydney and Melbourne from 20-23 March 2017. DIT will select 8-12 UK FinTech companies to participate in the mission to Australia where they will participate in a programme of events and activities. Delegates will spend two days in Sydney, two days in Melbourne and an optional fifth day in Australia or New Zealand. The...

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Millennials Boost Mobile Payment Use in The US For 2016
Jan26

Millennials Boost Mobile Payment Use in The US For 2016

Gray Owl Network, a market research company that provides users with a powerful alternative to traditional search platforms, has recently published an infographic that explores mobile payment use by millennials in 2016. The infographic shows that most consumers (75%) and nearly all millennials (91%) are using their phones to shop online. Even when shopping in a store, 69% of millennials check prices on their mobile devices....

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Smart Pay Smart Reward: AEVI and Smart Engine Partner to Offer Innovative Ad Solutions
Jan17

Smart Pay Smart Reward: AEVI and Smart Engine Partner to Offer Innovative Ad Solutions

AEVI and Smart Engine International today announced a partnership to bring Smart Engine’s unique range of loyalty and advertising solutions to AEVI’s Global Marketplace. This collaboration will strengthen merchant alliances in retail and hospitality by enabling a shared network of intuitive loyalty schemes. Recently voted in the top 100 EU Fintech companies by European Fintech Award, Smart Engine brings its leading cloud-based Smart...

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iBAN, Launches £100,000 Equity Crowdfunding Round to Create Crowdlending App iBAN Wallet
Jan03

iBAN, Launches £100,000 Equity Crowdfunding Round to Create Crowdlending App iBAN Wallet

The lending platform, iBAN, privately launched its first seed investment round on the Seedrs platform on December 15th, seeking 100,000 Pounds before March 15th to develop their money management and Crowdlending app, iBAN Wallet. The app will connect lenders and borrowers directly, helping them to control their finances and transfer money while on the go. Through the app, users will have a modern money management tool, integrated with...

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Fintech Predictions for 2017
Jan03

Fintech Predictions for 2017

The Fintech industry has shown unending promise, with the year 2016 hailing it as the next big growth sector. Start-ups are mushrooming across the Fintech landscape, driving innovation and new initiative across the sub-domains of lending, credit, and payments. The year 2017 shows great promise for this niche sector. The primary reason why Fintech became the darling of the business world, is because it delivered ease of operations and...

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Digitalisation Push Set to Boost Insurance Sector
Dec16

Digitalisation Push Set to Boost Insurance Sector

Be it life, general or health insurance, an individual would need protection against the vagaries of “uncertainties”. Therefore, it is important that insurance companies offer customised solutions to the populace. The growth in the insurance industry has been muted over the past few years. The potential that the country offers is not reflecting in the insurance penetration. Technology will play a big role in closing this gap. The...

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Isle of Man Wins FinTech Region of The Year Award
Dec16

Isle of Man Wins FinTech Region of The Year Award

E-Business publication, FinTech Finance, has recognised the Isle of Man as FinTech Region of the Year in its 2016 awards. Presented at a ceremony in London on the 8th December, the award identified the Isle of Man for its quality of professional services, regulation and level of investment in the sector.  The Isle of Man fought off the other finalists, Malaysia and Northern Ireland, to secure the accolade. Laurence Skelly MHK,...

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Insurtech Startup Hippo Raises $14 Million For its Smart Home Insurance Plans
Dec16

Insurtech Startup Hippo Raises $14 Million For its Smart Home Insurance Plans

Insurtech startup Hippo announced it has closed its Series A financing round with a $14 million investment led by fintech-focused Horizons Ventures. RPM Ventures, Propel Venture Partners, GGV Capital and Pipeline Capital also contributed funds to the deal. “Policies still cover old school items like pewter bowls, stock certificates and furs, but only provide $2,000 of coverage for home electronics, said Hippo Co-Founder and CEO Assaf...

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Canadian Fintech Delegation Announces New Investments in UK
Dec13

Canadian Fintech Delegation Announces New Investments in UK

A government backed delegation of Canadian fintech companies visited the UK last week, resulting in new jobs being created. The UK’s prowess for innovation and financial services makes it the number one investment destination for financial technology (fintech), according to a delegation of 12 Canadian companies visiting London this week. 3 companies among the delegation announced new investments in the UK as a direct result of the...

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Fintech Finance Award Winners Announced 2016
Dec12

Fintech Finance Award Winners Announced 2016

Fintech, regtech, insurtech, wealthtech… name any sector in financial services and there will a community of techs just itching to disrupt it with their digital wizardry, legacy-lite business models and plenty of entrepreneurial enthusiasm. Our first Fintech Finance magazine awards aim to capture and celebrate that spirit of corporate adventure. From the hottest technology area right now in Europe and the US –  payments – to less sexy...

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How Will The Government Respond to Financial Exclusion? Lords to Ask Ministers
Dec12

How Will The Government Respond to Financial Exclusion? Lords to Ask Ministers

The House of Lords Committee on Financial Exclusion will tomorrow take evidence from Ministers from the Treasury, the Department for Work and Pensions and the Department for Education in the final session of their inquiry. The evidence session will start at 10:45am on Tuesday 13 December in Committee Room 3 of the House of Lords. Giving evidence to the Committee will be: Lord Freud, Minister of State for Welfare Reform, Department for...

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Android Pay service set to boost use of mobile payments
Dec12

Android Pay service set to boost use of mobile payments

It may have taken Irish people a while to get used to the idea of contactless payments, but we’re getting there. According to a survey published earlier this year, about half of us are using contactless payments, at a rate of about 1.9 million a week. There’s still a way to go, but the launch of Android Pay on the Irish market could help boost the use not only of contactless payments, but of mobile payments as a whole. The service,...

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US: Fiserv Partners with Banks and Credit Unions for “Season of Giving”
Dec12

US: Fiserv Partners with Banks and Credit Unions for “Season of Giving”

Fiserv, Inc. a leading global provider of financial services technology solutions, today announced the return of Season of Giving, a cause marketing campaign benefitting the 501(c)(3) nonprofit organization Good360. Now through December 31, each time a participating financial institutions’ account holders receive an e-bill, or use bill pay, Popmoney® or Popmoney: Charitable Giving via online or mobile banking, they are entered to win...

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WorldRemit And Xpress Money Announce Global Money Transfer Partnership
Dec08

WorldRemit And Xpress Money Announce Global Money Transfer Partnership

Digital money transfer service WorldRemit and global money transfer brand Xpress Money today announce a partnership to open up new remittance routes across Africa and Asia. Through Xpress Money’s extensive agent partner network, WorldRemit customers will be able to make secure, instant money transfers to be collected as cash. Initial countries in the rollout will include Algeria, Egypt, Ethiopia, Fiji, Lebanon, Pakistan, Sri Lanka and...

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TechCrunch Rallies UK Tech Leaders to Call on Government to Ensure Britain’s Post-Brexit Tech Future
Dec08

TechCrunch Rallies UK Tech Leaders to Call on Government to Ensure Britain’s Post-Brexit Tech Future

TechCrunch in partnership with some of the UK’s best known entrepreneurs and VC’s announced 10 key areas that need to be addressed in Brexit negotiations to ensure the UK remains a leading force in technology and innovation. The recommendations come on the back of TechCrunch’s London Brexit Sentiment Survey, which highlighted huge concerns amongst UK tech founders about access to talent post-Brexit. Brent Hoberman CBE, Founders Forum,...

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Innovate Finance Brings FinTech Blueprint to the Gulf
Dec06

Innovate Finance Brings FinTech Blueprint to the Gulf

Innovate Finance, the membership association representing UK’s global FinTech sector, today announced its trip to the Gulf this week to foster closer FinTech ties in the region. The trade body will also support the Kingdom of Bahrain and the UAE in building thriving FinTech centers that can collaborate with other innovation hubs such as London and the UK – which are recognised as having the world’s leading and most collaborative...

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Doha Bank Upgrades Digital Experiences on Mobile Banking App
Dec06

Doha Bank Upgrades Digital Experiences on Mobile Banking App

Doha Bank has upgraded its mobile banking app, available on the Google Play Store and App Store. In addition to the features and transactional services offered, customers have the convenience of managing their financial needs with the highest security of biometric access that has been introduced. Customers may also now engage with Doha Bank’s Facebook page from their mobile app. The new release of Doha Bank mobile banking app features...

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FIS Helps Drive Privacy Compliance for Global Financial Institutions
Dec06

FIS Helps Drive Privacy Compliance for Global Financial Institutions

FIS, a global leader in financial services technology, and Trunomi, a provider of customer consent management and permissioned personal data-sharing technology, are working to turn the EU General Data Protection Regulation (GDPR) into an opportunity for financial institutions to improve customer service while complying with the new law. Driving Privacy Compliance – @FISGlobal helps financial institutions prepare for GDPR Tweet...

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NSW Government Launches Innovation Strategy
Dec05

NSW Government Launches Innovation Strategy

The Innovation Strategy includes a range of initiatives that will strengthen entrepreneurship and harness NSW’s reputation as an innovation and economic powerhouse. Entrepreneurs will have the opportunity to pitch transformative ideas to government advisers and industry experts through NSW Innovation Concierge’s “Shark Tank” process. Other key initiatives include: creation of a Ministerial Innovation Committee to oversee the...

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QNB Indonesia Launches Mobile Banking App
Nov29

QNB Indonesia Launches Mobile Banking App

Jakarta. Bank QNB Indonesia, the local arm of Doha-based QNB Group, launched a mobile banking application called DooEt+ for its customers on Thursday (24/11), offering a simple, swift and secure digital banking experience. The app has basic features that enable customers to check their balance, pay bills, top up phone credit, and transfer funds. It also introduces a virtual account feature for QNB Indonesia customers. “DooEt+...

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Mastercard, Santander Invest In Mobile Pay App For Messenger
Nov29

Mastercard, Santander Invest In Mobile Pay App For Messenger

A group of investors, including Mastercard and Banco Santander, have invested $6 million in PayKey, an Israeli startup focused on enabling consumers to make payments through messaging applications. American Banker reported that the startup traces its genesis to 2014, with a keyboard (a downloadable one) that lets users connect to banks and initiate payments to their peers across apps as varied as Twitter and Facebook. The integration...

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The future of UK FinTech lies in international partnerships
Nov29

The future of UK FinTech lies in international partnerships

Ben Brabyn, head of Level39, looks at why the UK’s FinTech sector must work more collaboratively with China. Over the past decade, the UK has earnt the mantle as the world’s leading FinTech centre. The sector generated £6.6bn in revenues in 2015, and attracted about £524m in investment. It has truly become a vital part of the UK economy, and a future engine for growth. Last week’s Autumn Statement demonstrated the government’s...

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AxiCorp Selects Broadridge Reconciliation Solution
Nov28

AxiCorp Selects Broadridge Reconciliation Solution

Broadridge Financial Solutions, Inc. today announced that AxiCorp, a leading provider of margin foreign exchange trading services for the retail and institutional markets, has selected Broadridge’s reconciliation solution for the automation of reconciliations and investigations for its global operations. The Broadridge solution supports front- to back-office reconciliations across the trade lifecycle and will connect AxiCorp’s trading...

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Disruptive Forces Reshaping The Financial Services Landscape
Nov22

Disruptive Forces Reshaping The Financial Services Landscape

The disruptive forces reshaping the financial services industry was one of the issues discussed by industry leaders at a forum hosted by national law firm Bond Dickinson LLP on fintech and insurtech at the London Stock Exchange. Chaired by technology broadcaster Rory Cellan-Jones, the event charted a disruptor’s journey from concept to fundraising to maturity. It explored the threats and opportunities technological innovation presents...

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Winners of 2016 Infosys Finacle Client Innovation Awards Announced
Nov14

Winners of 2016 Infosys Finacle Client Innovation Awards Announced

Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, recently announced the winners of the 2016 Infosys Finacle Client Innovation Awards. Now in its third year, the awards recognize banks that leverage Finacle solutions to deliver breakthrough innovations in banking products, customer service, process design, and distribution channels. Nominations were received across six categories, namely Product Innovation,...

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World FinTech Report 2017: By Capgemini and LinkedIn, in collaboration with Efma
Nov10

World FinTech Report 2017: By Capgemini and LinkedIn, in collaboration with Efma

In a world of changing dynamics where finance and technology collide, Capgemini and LinkedIn, in collaboration with Efma, bring you the first World FinTech Report 2017. Designed to explore new models in Financial Services, the World FinTech report brings to light the areas where leaders are shaping a new range of services and innovations spanning banking, payments, insurance, and wealth management. You’ll gain some surprising insights...

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LendIt USA 2017 – An Agenda Overview – Pushing the Boundaries of Financial Innovation
Nov10

LendIt USA 2017 – An Agenda Overview – Pushing the Boundaries of Financial Innovation

LendIt has rapidly grown over the past 4 years and we are now one of only a few large events companies in the financial services sector. We started way back in 2013 when we held our first event in NYC that burst at the seams with 375+ attendees in a small conference room in Times Square. LendIt USA 2017 is returning to New York City in March, and it is going to be our largest event yet with over 5,000 attendees expected. LendIt is...

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Manchester Firm Launches FREE P2P Loan Finder for Businesses
Nov01

Manchester Firm Launches FREE P2P Loan Finder for Businesses

Corporate finance house Racefields has today launched its unique P2P Loan Finder service in the wake of a new government scheme which will see nine banks having to offer alternative finance options to failed loan applicants. Unlike loan comparison sites which only point businesses in the general direction of lenders, Racefields will apply for peer-to-peer loans on behalf of its applicants. This service is completely free of charge –...

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Did You Hear How Lord Turner U-Turned on His Comments on The P2P Industry?
Oct25

Did You Hear How Lord Turner U-Turned on His Comments on The P2P Industry?

Two weeks ago at Lendit Europe, they had the honour to have Lord Adair Turner deliver a keynote presentation at LendIt Europe 2016. Everyone was looking forward to hear what he had to say about the industry – and boy were we surprised! In February, Turner, the former top banking regulator in the U.K. caused quite a controversy when he said “the losses which will emerge from peer-to-peer lending over the next five to 10 years...

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Fintech Startups – How to Focus on Great Development
Oct06

Fintech Startups – How to Focus on Great Development

For any fintech startups, the allocation and calibration of resources will be amongst the many keys to success. For most, the first hurdle is to assign the tech decision maker – this could be one of the founders or a purposely-appointed CTO. It is this person’s responsibility to understand what constitutes the company’s core IP and technology assets, and what could be built or acquired at a lower cost by an external team or...

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White Paper: Cybersecurity Vulnerability in Indian Banks + Infographic: The Rise of Cybercrime
Oct06

White Paper: Cybersecurity Vulnerability in Indian Banks + Infographic: The Rise of Cybercrime

Banks and financial institutions are seized with newer forms of threats to the safety and security of their data, a critical asset for any organization. In the age of Internet of Things, criminal activities and data theft have also gotten smarter and savvier, with criminals increasingly using technology to break technological barriers within the banking system. In light of the low entry barriers to cybersecurity attacks in banks, it...

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Fintech Landscape Infographic
Oct03

Fintech Landscape Infographic

VBProfiles’ upcoming Fintech landscape report and it’s huge! The San Francisco-based market intelligence platform, that tracks innovation, deal flow and news across the technology industry, found over 1,000 Fintech companies (startups and historical incumbents) which raised over $105 billion in total funding and worth nearly $870 billion in current value. “One of the most striking data point that we found was that investments in...

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The Relevance Challenge: What Retail Banks Must do to Remain in The Game
Oct03

The Relevance Challenge: What Retail Banks Must do to Remain in The Game

EY’s Global Consumer Banking Survey of 55,000 consumers in 32 countries reveals that traditional banks are under threat and their relevance with consumers is waning. Therefore, traditional banks need to rethink – and in some cases even revolutionize – their approach to consumer relationships. Key findings include: 40% of customers expressed decreased dependence on their bank as their primary financial services provider and have...

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Banif selects Pelican for payment solutions
Sep30

Banif selects Pelican for payment solutions

Pelican, a leading provider of technology solutions for the financial services sector, today announced that Banif Bank (Malta) plc has selected its Pelican Transaction Banking platform. The solution will provide end-to-end automation of both SWIFT and SEPA payments, including integration with over the counter (OTC) instructions, Banif’s internet banking system and back office. Chris Micallef, Head of Operations and Systems at Banif...

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FinTech Report on Global Hubs Announced at SIBOS
Sep27

FinTech Report on Global Hubs Announced at SIBOS

Innovate Finance, the membership association representing global FinTech and SWIFT Innotribe today announced at SIBOS the release of the report Connecting Global FinTech: Hub Review 2016, published by Deloitte in collaboration with All Street Research. The report provides an overview of the FinTech hubs emerging globally, with an analysis of local market facts, figures and future trends as well as an index performance score that...

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NCR Unveils Open API Developer Portal for Digital Banking Customers
Sep27

NCR Unveils Open API Developer Portal for Digital Banking Customers

NCR Corporation a global leader in omni-channel solutions, today announced the launch of its cloud-based Developer Portal, enabling financial institutions to build their own innovative digital banking applications to better meet the unique financial management needs of their customers. The portal provides self-service access to digital banking APIs, the Software Development Kit (SDK) and third-party software connections developed...

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Leading business lender Reparo uses HooYu
Sep13

Leading business lender Reparo uses HooYu

Identity confirmation provider HooYu has helped leading business lender Reparo Finance Limited to stop identity fraudsters in their tracks after fraudsters passed traditional identity database checks. Reparo has recently integrated HooYu, the identity confirmation platform that combines digital footprint analysis, document authentication, facial biometrics and identity scoring to expand Reparo’s Customer Due Diligence process. In one...

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Prepare Your Business For Lift-Off
Jun13

Prepare Your Business For Lift-Off

A report released by Funding Options at the back end of last year revealed that small businesses are more than twice as likely to receive funding from alternative finance sources as they are from the banks. More incredibly though, the report showed that 20% of small business owners still aren’t aware of this source of funding, despite the industry’s enormous growth during the last few years. Alternative finance has soared to new highs...

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The Magic of Biometrics: Why You Don’t Have To Hide Cash Under The Mattress
May16

The Magic of Biometrics: Why You Don’t Have To Hide Cash Under The Mattress

Last summer, China unveiled the first facial recognition ATM, prompting customers to ask themselves if the end of passwords and PINs was near. At the same time, some users expressed concerns over the practicality of such a device and the impact that plastic surgeries may have on the integrity of these systems. Meanwhile, one survey has shown that almost 200 types of smartphone devices have been delivered to the market over the last 5...

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Business Insider’s: The 40 Coolest People in UK Fintech
May16

Business Insider’s: The 40 Coolest People in UK Fintech

Financial technology is exploding in the UK right now, with startups popping up all over the place, doing everything from crowdfunding and peer-to-peer lending to bringing blockchain technology to the banks. British fintech startups raised $962 million (£676.9 million) in investment funding last year, according to KPMG. London alone accounting for $743.7 million (£523.3 million) of that. has been covering the sector closely and has...

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Innovate Finance – Celebrating Women in FinTech Event
Apr27

Innovate Finance – Celebrating Women in FinTech Event

Closing the FinTech gender gap remains a priority for Innovate Finance. Check out thier video on Women in FinTech initiative launched on International Women’s Day.

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SPA White Paper An Overview of Contactless Payment Benefits and Worldwide Deployments
Apr27

SPA White Paper An Overview of Contactless Payment Benefits and Worldwide Deployments

The Smart Payment Association (SPA), the trade body of the smart payments industry, today released the findings from its annual review of the smart payment cards market. • Over 2 billion smart payment cards shipped globally in 2015 – up 34% on the previous year • Gathering pace of EMV migration in the US – smart payment cards shipments up 211% on 2014 figures • Demand for contactless cards soars – over half of all smart card shipments...

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IBK Starts Fitting its ATMs With iris Scanners
Apr26

IBK Starts Fitting its ATMs With iris Scanners

After running an iris verification system on two of its ATMs since December, the Industrial Bank of Korea (IBK) is planning to expand the technology across all branches within the year. “In the initial stage, there were concerns and negative perceptions about revealing information about one’s body parts,” said Kwak Young-ki, general manger of the fintech business department at the bank in an interview with the Korea JoongAng Daily....

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Is Banking About to Have its Social Media Moment?
Apr26

Is Banking About to Have its Social Media Moment?

Previously I have written about the importance of the millennial generation and how this group is changing the face of wealth management. This is this very same generation that is driving technological change in the fintech space. Not only does this generation not see a traditional bank branch in their future, they expect banks to provide them with state of the art products and services they demand. This is, in many cases, at odds...

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Should Regulators Standardize Risk Models?
Apr25

Should Regulators Standardize Risk Models?

Modeling risk to meet regulatory requirements is costly and complex. Because of that, some have suggested that financial services institutions (FSIs) move toward a set of standardized models. The argument is that central banks and regulatory authorities could then more easily monitor systemic risk and compare apples to apples. But are generic models better than institution-specific models, tuned to their own history? Let’s...

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American Express Launching Small Business Loans with Lendio
Apr25

American Express Launching Small Business Loans with Lendio

Small business loan marketplace Lendio recently partnered with American Express to power the credit card company’s merchant financing offering. The loans, which will help Amex expand its customer base, will range from $5,000 to $2 million for up to a two year term. To qualify, a business must have been in operation for at least two years and have a minimum of $50,000 in revenue. The partnership is expected to help Amex make up for the...

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State of Bitcoin and Blockchain 2016
Apr25

State of Bitcoin and Blockchain 2016

CoinDesk’s 2016 State of Bitcoin and Blockchain report summarizes key trends, data and events from 2015, details findings from our annual Thought Leader’s Survey and includes predictions on what to expect in 2016. This article highlights a few of the key findings from the report. State of Bitcoin and Blockchain 2016 from CoinDesk  

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An Interview With Nanda Kumar, Founder of SunTec
Apr22

An Interview With Nanda Kumar, Founder of SunTec

Who are you and what’s your background? I’m Nanda Kumar and I am the Founder of SunTec. I am a physicist and graduated with an MBA in Finance. I started my career in research and development in the late 1980’s. The timing was perfect as India was at the start of a huge transformation period lead by IT. At the beginning of the millennium, India had invested a lot of resources in science and technology and became the first in Asia to...

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Mckinsey: Cutting Through the FinTech Noise
Apr22

Mckinsey: Cutting Through the FinTech Noise

Banking has historically been one of the business sectors most resistant to disruption by technology. Since the first mortgage was issued in England in the 11th century, banks have built robust businesses with multiple moats: ubiquitous distribution through branches; unique expertise such as credit underwriting underpinned by both data and judgment; even the special status of being regulated institutions that supply credit, the...

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