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Fintech Unicorn pain as the public/private valuation inversion comes to an end

Fintech Unicorn pain as the public/private valuation inversion comes to an end

by September 28, 2016 at 1:00 am 0 comments

Image source # 6 on our Fintech Predictions for 2016:  The strange inversion we saw in 2015, when private companies were valued higher (on paper at least) than public companies, will end in 2016. The headlines will refer to Unicorpses.  This is happening now. It is happening in private unlessRead More

Alternative Lending Is in Trouble? No One Told Elevate

Alternative Lending Is in Trouble? No One Told Elevate

by September 27, 2016 at 2:09 pm 0 comments

It’s been a brutal year for the alternative lending industry. Scandals, staff cuts, rate hikes, and recently a Lending Club investment posted its first negative return in five years this August. But the alternative lender Elevate, a subprime specialist, is continuing to advance toward its IPO, and recently celebrated the hiring ofRead More

Card Use Reaches New Heights, and So Does Fraud

Card Use Reaches New Heights, and So Does Fraud

by September 27, 2016 at 11:07 am 0 comments

Consumer card transactions will overtake cash transactions for the first time in 2016, according to global research firm Euromonitor International. Cash is expensive to manage and is extensively used in the underworld. “A less-cash society would be a fairer and safer place,” Kenneth Rogoff, a professor of economics at Harvard, wroteRead More

Banks Form ‘First Ever’ Group to Agree on Blockchain Payments Standards

Banks Form ‘First Ever’ Group to Agree on Blockchain Payments Standards

by September 27, 2016 at 10:08 am 0 comments

A collection of banks have formed what is being called the world’s first interbank group for global payments using blockchain technology. This is Ripple’s distributed ledger  technology, specifically, because evidently no one at that company sleeps. “Six of the biggest banks in the world are saying, ‘hey, we’re dong this, we believe in this,’”Read More

Fintech Funding on Track for 36% Bump; ‘Transparency’ as a Business Model

Fintech Funding on Track for 36% Bump; ‘Transparency’ as a Business Model

by September 27, 2016 at 9:59 am 1 comment

Fintech is on pace to best venture capital 2015 fundraising by 36% this year as startups focus on transparency and ease-of-use to disrupt the incumbents. Last year, VCs poured $11.9 billion into the sector, Bruce Taragin, managing partner, Blumberg Capital, said at a recent gathering at Columbia Law School inRead More

Top 5 Fintech Raises: FTV Capital, Avalara, OurCrowd, Certona, Zero

Top 5 Fintech Raises: FTV Capital, Avalara, OurCrowd, Certona, Zero

by September 26, 2016 at 11:49 am 0 comments

While it seems as though the unicorn birth rate is declining, investors are still finding fintech enterprises to sink their teeth (and by “teeth” I mean wallets) into, like the five companies below. Our top five fintech raises this week include SaaS companies; e-commerce; crowdfunding for, er, startups; and insuranceRead More

Ripple may become real competition for SWIFT in cross border payments

Ripple may become real competition for SWIFT in cross border payments

by September 25, 2016 at 1:00 am 0 comments

ID:38626297 Image source. Next week, 8,000 bankers and their vendors fly into Geneva for 4 days of talking about FinTech. Last year I had to fly to Singapore. This year, I can just hop on a train from Bern (sayonara jet lag). Last year Emergent Fintech started to move ontoRead More

Back Office 2.0 using Blockchain promises Business Process Elimination (BPE)

Back Office 2.0 using Blockchain promises Business Process Elimination (BPE)

by September 24, 2016 at 1:00 am 0 comments

Image source That is why the Blockchain session at SIBOS Singapore last year was standing room only and at SIBOS Geneva next week I counted 10 sessions with Blockchain as the primary theme (it will probably be mentioned in at least half the sessions).  This is the year when BlockchainRead More

How Will Same-Day ACH Affect Banking?

How Will Same-Day ACH Affect Banking?

by September 23, 2016 at 12:30 pm 0 comments

Slowly but surely, the waits are disappearing in banking. Mobile banking means you don’t have to wait on line at a branch (not that there would be a line these days if you went there). Accounts can be opened within minutes, and loans are approved more quickly. Perhaps most crucially, paymentsRead More

HomeSend Remittance Program Targets Mobile to Battle Cash in Ethiopia

HomeSend Remittance Program Targets Mobile to Battle Cash in Ethiopia

by September 23, 2016 at 11:46 am 0 comments

Earlier this week it was announced that HomeSend—a joint venture of Mastercard, eServ Global, and BICS that works to ease cross-border or cross-network transfers—partnered with the Commercial Bank of Ethiopia to launch a new remittance program in the country. Remittance is estimated to be a $3.5 billion—with a B—market inRead More