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Polite persistence pays – SMEs harness fintech to get paid on time

Polite persistence pays – SMEs harness fintech to get paid on time

by May 25, 2016 at 3:09 am 0 comments

If a doctor only treated the symptoms of your illness, rather than the root cause, you could be looking at a hefty medical bill at the end of the year, not to mention repeated trips to the surgery. Such an analogy could well be applied to the rise of invoice finance as a remedy for…Read more Polite persistence pays – SMEs harness fintech to get paid on time

Toyota, VW Leapfrog into Rideshare with Uber, Gett Partnerships

Toyota, VW Leapfrog into Rideshare with Uber, Gett Partnerships

by May 24, 2016 at 7:53 pm 0 comments

Toyota Motor Corp. and Volkswagen Group are jumping into the rideshare game with strategic investments, the companies announced today. Through a collaboration withUber, Toyota Financial Services will launch a new leasing program as part of a broader initiative to boost its mobility efforts. Volkswagen, meanwhile, will invest $300 million in global ride-hailing providerRead More

SigFig Deal Shows Banks Love Robo-Advisors

SigFig Deal Shows Banks Love Robo-Advisors

by May 24, 2016 at 6:56 pm 0 comments

More and more companies are jumping on the robo-advising bandwagon. Santander InnoVentures, the fintech venture arm of Santander Group, together with nine other major FIs and investors, today announced its investment in robo-adviser SigFig. SigFig netted $40 million overall from Comerica, Eaton Vance, New York Life, UBS and venture capitalRead More

MasterCard Expands Solution to Replace Cash in Global Trouble Spots

MasterCard Expands Solution to Replace Cash in Global Trouble Spots

by May 24, 2016 at 2:58 pm 0 comments

MasterCard is expanding its digital aid distribution services – MasterCard Aid Network – with the launch of Mastercard Humanitarian Aid Solutions, the company announced yesterday, during the World Humanitarian Summit in Istanbul, Turkey. The new solution will leverage MasterCard’s expertise and technology to provide multiple NGOs with a single cardRead More

Is Alternative Lending Terminally Ill?

Is Alternative Lending Terminally Ill?

by May 24, 2016 at 1:31 pm 0 comments

Tremors are running through the alternative lending space. Prosper raised rates, cut staff, and saw a chilly reception from investors for its latest securitization. OnDeck saw shares slide to 30% of their IPO value. Avant called off several new product launches and also cut staff. Perhaps most ominously, Lending Club CEO Renaud Laplanche suddenly stepped down whenRead More

Wells Fargo Pay to Launch Mid Summer

Wells Fargo Pay to Launch Mid Summer

by May 24, 2016 at 11:16 am 0 comments

The latest in the mobile wallet craze: Wells Fargo Pay joins the (already long) pipeline of mobile wallets. But Wells bets that its massive mobile banking userbase will drive wallet adoption. Wells Fargo Pay will launch later this summer, the bank said this morning, and will be integrated into its existing mobileRead More

Fintech in action on stock exchanges of the ‘REST’

Fintech in action on stock exchanges of the ‘REST’

by May 24, 2016 at 2:00 am 1 comment

Source: The money project (size accounts for all asset classes, not only stocks) The Northern hemisphere clearly dominates in the world stock exchanges realm. This 35,000 feet perspective includes all the assets traded through these exchanges (fixed income and multiple derivatives) and of course, a slice of the private shares market.Read More

Plastc Will Whitelabel All-in-One Cards for Banks

Plastc Will Whitelabel All-in-One Cards for Banks

by May 23, 2016 at 4:54 pm 2 comments

Plastc is “in talks with major issuing banks” to roll out a white labeled single issuer card for partnering banks, CEO Ryan Marquis told Bank Innovation. This move shows both an unexpected interest in this type of card from banks, and a new business model for a somewhat troubled product line.Read More

LG to Jump into Mobile Payments with All-in-One Card

LG to Jump into Mobile Payments with All-in-One Card

by May 23, 2016 at 12:09 pm 0 comments

LG Pay – the promised new entrant into the mobile payments space – has had the industry on hold for almost a year. LG would join gSamsung and Apple as handset manufacturers getting into phone-based payments. With a new banking partner in Korea, and a reported launch date in September, is LG PayRead More

Fintech in Action on Western Stock Exchanges

Fintech in Action on Western Stock Exchanges

by May 23, 2016 at 2:43 am 2 comments

Source: The money project (size accounts for all asset classes, not only stocks) Bats, speed bumps, Transatlantic M&A bids; are part of the tangled web of exchanges as we speak. I’ll focus only on equities on exchanges, even though they aren’t the largest asset class (bonds and derivatives – futures, options;Read More

Venmo’s Still Growing Fast — Really Fast

Venmo’s Still Growing Fast — Really Fast

by May 20, 2016 at 5:48 pm 0 comments

Venmo’s most popular emoji – shared on average over 49,000 times per week – is the pizza slice , Paypal Holdings Inc. said during its analyst day presentation on Wednesday. Of more significance (probably) is the 154% year-over-year growth that Venmo recorded in the first quarter of 2016, hitting $3.2Read More

R3CEV, Ripple May Band Together

R3CEV, Ripple May Band Together

by May 20, 2016 at 1:19 pm 1 comment

It looks like an R3CEV-Ripple partnership is in the works. This development could be a sign of the bundling of distributed ledgers and alliances between companies and consortiums in the space. The news was teased on Twitter today by Ripple CEO Chris Larsen: The future of fintech is bringing together like-minded companies,Read More