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The terminology of Venture Capital is ridiculous & disconnected from reality

The terminology of Venture Capital is ridiculous & disconnected from reality

by February 28, 2015 at 12:20 am 0 comments

When reality changes fundamentally but the terminology has not changed we get things as ridiculous as: – Seed Rounds on Crowdfunding platforms that look like a Series C of old (e.g Ethereum raising $15m for a code-less concept). – Something called Pre Seed that people grappled to name and so they come up with “Embryo…Read more The terminology of Venture Capital is ridiculous & disconnected from reality

Comparisons Are Odious

by February 27, 2015 at 5:08 pm 0 comments

Growing up, I wasn’t popular in the conventional sense (and by the conventional sense I mean having friends and such). As a result, I spent a lot of time reading. Mostly it was epically nerdy science fiction (Heinlein, Piers Anthony, etc) but there were a few conventional writers I liked as well, embarrassingly including Judy […]

Fastacash Deal Will Let Visa Power Payments on Facebook

Fastacash Deal Will Let Visa Power Payments on Facebook

by February 27, 2015 at 10:35 am 0 comments

It seems Visa will soon make it very easy to pay people on Facebook. Earlier this week Visa Europe announced a partnership with Singapore-based Fastacash, a social payments service. Most of the announcement focused on the rebranding of Visa Europe’s peer-to-peer payment service from Visa Personal Payments to Visa Direct,Read More

Fintech City Tour goes to Singapore to discover the intersection between China and India

by February 27, 2015 at 4:15 am 1 comment

It is no secret that this is the Asian century and that the two biggest players are the elephant (India) and the dragon (China). One of the first stops on the Fintech City Tour was Hong Kong. Given the importance of the China market, it was possible that Hong KongRead More

Bank of the West Launches Photo Bill Pay

Bank of the West Launches Photo Bill Pay

by February 26, 2015 at 11:54 am 0 comments

Bank of the West joined a select group of banks offering bill pay using the smartphone camera today. The feature, dubbed Scan to Pay, was built by Fiserv (which internally calls it Snap to Pay) with technology licensed from Top Image Systems (TIS). Bank of the West is the firstRead More

Fintech 1,000 Landscape Report: Programmable Bank

by February 26, 2015 at 3:17 am 0 comments

This Landscape Report could also be called Bank APIs. I like the name Programmable Bank because it resonates with Programmable Web.  It implies a Mashup approach to system development. This is fundamentally different to the huge, multi year core banking enterprise system development of the past. This is a bigRead More

Associated Bank Cutting Branches to Fund Mobile

Associated Bank Cutting Branches to Fund Mobile

by February 25, 2015 at 11:52 am 1 comment

Associated Bank, a Green Bay, Wisc.-based institution with $26.5 billion in assets, had 315 branches in 2007. Today, it has 225. Is the bank in trouble? Far from it. The bank is pursuing the cost savings from branch closures, in part, to fuel the bank’s digital efforts. Cutting its branch network byRead More

Google Sticking It to Softcard Users

Google Sticking It to Softcard Users

by February 25, 2015 at 10:24 am 1 comment

Softcard users will get no love from Google in the wake of the search giant’s acquisition of the telco-built mobile wallet platform. In an FAQ published since plans for the acquisition were announced last Monday, Google disclosed that no user information stored in Softcard will be transferred over to Google Wallet.Read More

For Bitcoin To Get Mass Adoption in Underbanked, It Has To Be More Like M-Pesa

by February 25, 2015 at 5:15 am 0 comments

The meme that mass adoption for Bitcoin will happen first in the developing world is spreading fast. I don’t buy it. These stories are written by people in the West who are Bitcoin enthusiasts and who are depressed by the lack of mass adoption in the West. So, they graspRead More

No, Google Did Not ‘Level the Playing Field’ Buying Softcard

No, Google Did Not ‘Level the Playing Field’ Buying Softcard

by February 24, 2015 at 11:35 am 0 comments

Where does the acquisition (read: assumption) of Softcard leave Google in its drive to compete with Apple Pay? Not as far along as some industry observers would suggest. Wired offered a glowing review of the deal. But with Softcard out of the running, and wireless carriers now doing the distribution legworkRead More

How Global Banks can make ‘Acquire Hire’ work in Fintech using the Pirate model

by February 24, 2015 at 12:51 am 0 comments

Acquire Hire tends to mean: The venture raised small amounts of capital (Friends & Family, Angels) but could not do a Series A and so was running out of cash. The announcement does not show the amount the acquirer paid. This protects the reputation of the Founders and Investors who claim “Exit” on their track…Read more How Global Banks can make Acquire Hire work in Fintech using the Pirate model