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It’s a developer’s world and we just live in it. Application programming interfaces (APIs) are not new to banking, but they are certainly becoming more accepted. It’s a trend we’ve seen across the financial services industry, and even incumbent players are getting into the game. Over the past couple of weeks, we’ve seen a stack Read more…
For fintech followers, one of the most interesting things about President-elect Donald Trump is the fact that his most prominent Silicon Valley supporter was and is Peter Thiel, the self-described “conservative libertarian” co-founder of Finovate alum, PayPal. Good evening. I’m Peter Thiel. I build companies and I’m supporting people who are building new things, from Read more…
Kara Tham and Goh Wei Hao of Top Image Systems during their demo at FinovateAsia 2016. Two of the companies in today’s Fintech Favorites, IBM and ACI Worldwide, led presentations at our developers conference, FinDEVr, earlier this year. FinDEVr returns to New York City, 21/22 March 2017, and will make its London debut in June Read more…
Alt lending Zopa (F08) lowers lending rates. On Deck Capital (F12), Kabbage (F15), and CAN Capital (F13) agree to disclose SMB loan pricing. Lending Club (F09) partners with MileagePlus to offer borrowers and investors a way to earn award miles when they borrow or invest. American Banker: Bizfi (F15) Hires Former Lending Club Exec as Read more…
Financial information and technology company BrightScope, one of our earliest alums, has been acquired by data and business intelligence provider, Strategic Insight. Terms of the deal were not immediately available. But RIABiz reports that the acquisition was financed by Genstar Capital and notes “outside sources peg the deal at $35 to $40 million.” Commenting on Read more…
FinovateAsia 2016 is right around the corner. Be sure to visit our registration page and pick up your tickets today. We look forward to seeing you next week, 8 November, as Finovate returns to Asia. When we talk about financial technology in Asia, we typically turn to places like Singapore, widely regarded to be the Read more…
With FinovateAsia just over a week away (and tickets still available!), you’ll forgive us for having fintech-in-Asia on our minds. But the news that NCR has signed a deal with the largest financial institution in India to deploy more than 7,000 ATMs throughout the country over the next seven years is a great reminder of Read more…
Finovate/FinDEVr alums raised more than $490 million in the third quarter of 2016, essentially matching the investment haul from the previous quarter. The Q3 performance in 2016 fell short of the eye-popping third quarter from 2015, during which more than one billion was invested in our alums. But 2016’s third quarter still dwarfed previous third Read more…
Hat, courtesy of Alloy, a customer-onboarding specialist that debuted at FinDEVr in October. The dream of RegTech is alive at Finovate Deloitte recently asked what we should make of regtech in a new report titled, “RegTech is the new FinTech: How agile regulatory technology is helping firms better understand and manage their risks.” To the Read more…
FinDEVr Silicon Valley was a success! Tickets for upcoming FinDEVr London and FinDEVr New York are at their lowest prices now. Register today for London or New York to save your spot! On FinDEVr.com FinDEVr Silicon Valley in Photos and the Press FinDEVr Silicon Valley: Techs on Twitter FinDEVr Silicon Valley: Celebrating the Best of Read more…
With support from Goldman Sachs, Canadian payments innovator nanoPay has raised $10 million in new funding. The Series A also featured the participation of APAGM Services, Jarnac Capital Management, and Rohatton. nanoPay said the investment will help it develop business partnerships in advance of a larger rollout of its MintChip digital currency technology. The funding Read more…
While terms of this week’s investment were not disclosed, the new funding for Alpha Payments Cloud from Australia-based First Quay Capital is believed to have taken the company’s valuation to $250 million. In a statement issued from First Quay Capital, Talal Yassine, chairman, is quoted as saying: “We are very excited to be investing in, Read more…