Yes, banks are serious about the blockchain. (What’s a blockchain? A blockchain is — well, see the three-minute video from Financial News below, which explains it using cartoon figures.) SAN Innoventures, the venture arm of the Santander Group, one of the world’s largest banks, announced today that it has put $4Read More
October 6, 2015
October 5, 2015
October 5, 2015
What does the 70% decline in Tungsten Networks price mean for the future of working capital finance?
When Tungsten Networks did their IPO on the London market in October 2013, I was involved with a project in working capital finance. Tungsten was the big story that got everybody’s attention. The story was plausible and the entrepreneur telling the story was charismatic. So the IPO was aRead More
MasterCard is leveraging its expertise and technology, and perhaps most importantly, its trust, to help get resources to the needy in areas recovering from natural or man-made disasters, the company announced in late September. Distribution of aid to trouble spots around the globe is a notoriously thorny problem. The areas that needRead More
Cross River Bank, an early and active player in marketplace lending, closed a major deal to securitize $100 million in marketplace loans, the bank announced Friday. Marketplace lending is a small but massively expanding sector– Lending Club has facilitated more than $11 billion in loans since its founding in 2006,Read More
Vikram Pandit, former CEO of Citigroup, and Tom Glocer, ex-CEO of Thomson Reuters, will speak at Bank Innovation Israel. Pandit and Glocer will participate in a special half-day portion of the Tel Aviv event presented by Davis Polk & Wardell and Naschitz Brandes Amir. Both Pandit and Glocer will doRead More
Source: KPMG MIFID II is certainly not associated with a flower visual in the brain mapping maze of any person in the financial industry. But the 9 petals of the KPMG image can help as a starting point for organizing the 67,000 pages that MIFID II is wrapped in.Read More
GlobeOne thinks it has figured out millennial banking. GlobeOne, a new transaction account expected to launch around the end of 2015, plans to amass customers in a unique way: rewards earned by customers will be shared among the global userbase. The exact amount that will be shared with the userbase is notRead More
Although the Uber of Banking tag does not make sense, narrow it to marketplace lending and the tag is certainly appropriate. The reason is simply network effects. Banking as a whole is a service business not a network-effects business. My decision to use bank x rather than bank y doesRead More
The white-hot fintech space saw its largest capital raise ever yesterday, with a whopping $1 billion handed to marketplace lender Social Finance, or SoFi, in a Series E round led by SoftBank. SoFi is now valued at over $4 billion. The money hasn’t (completely) gone to founder and CEO MikeRead More
Mobile Payments, Wallets & Wearablles – What does the future hold for the debit & prepaid markets? I had the pleasure of moderating an executive panel discussion on ‘Mobile Payments,…
Bank Innovation Israel has struck a partnership with the Israel Export & International Cooperation Institute (IEICI) for the quasi-government organization’s participation in the 2015 event.
Swift is pivoting its strategy for financial startups. First, the global collective that powers inter-bank payments, will move away from its “boil the ocean” strategy of supporting the startup ecosystem, irrespective of the startup’s focus. Instead, Innotribe, its startup support system, will shift more toward initiatives in particular areas of fintech, likeRead More