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Fintech Leads the Way in the UK as Investment in Tech Firms Doubles in 2017

London’s fintech sector remains a hotbed of investment activity, capturing the lion’s share of a £2.99 billion venture capital splurge on UK tech firms. The figures, produced by Pitchbook for promotional agency London & Partners, show VC investment into the UK’s tech sector reaching an all-time high in 2017 at almost double the £1.63 billion invested in 2016. Brexit may ... Read More »

BIIA Regional Meeting Phnom Penh, Cambodia

Save the Date:  BIIA Regional Meeting – March 14th to 15th, 2018; Phnom Penh, Cambodia BIIA will be hosting its first regional meeting to discuss key issues and concerns relevant to the industry and to lead efforts to promote dialog, identify solutions and to facilitate the development of potential pathways forward. The meeting will be a two day event, held ... Read More »

China Fintech: 2nd Consumer Credit Bureau in Sight Now

On January 4, the People’s Bank of China (PBoC) accepted a license application for consumer credit bureau led by the National Internet Finance Association of China.  The name of the credit bureau is Baihang Credit Scoring. As of now, the Credit Reference Center of the central bank is the only consumer credit bureau in China. Lending has always been the prerogative of ... Read More »

China and Australia ink fintech deal to share info on new developments

China and Australia‘s regulators have agreed to partner up on financial technology (fintech), a move that will give them oversight on new trends in each other‘s markets.  The Australian Securities and Investment Commission (ASIC) and China Securities Regulatory Commission (CSRC) said Monday that they would cooperate on the sharing of information related to emerging themes in the fintech sector. “Cooperation ... Read More »

Kreditech Ranked Among Top 10 Fintechs Worldwide

Consumer lending company focused on underbanked segment ranked 7th among leading fintech company worldwide and receives award as one of the fastest growing companies in Germany Kreditech, the leading technology group for digital consumer lending using machine-learning based underwriting, is celebrating the acknowledgement of its rapid business growth: KPMG and fintech investment firm H2 ventures just ranked Kreditech 7th out of ... Read More »

Fintech Company Rubique in Partnership with TransUnion Cibil

Rubique Ties up with CIBIL to Allow Easier Access to Credit Score Checks Fintech company Rubique has announced its partnership with CIBIL, India’s premier Credit Information Company (CIC) to provide credit scores and valuable insights on its platform, thereby increasing the transparency in the conventionally-opaque credit-seeking process for its users. This is the first ever tie-up for CIBIL with a ... Read More »

Taking Care of Your ‘Digital Footprints’

Customers without credit scores can take the digital journey to get loans Rajiv Raj and Abhishek Agarwal co-founders of CreditVidya comment why fintech companies and P2P lending platforms are looking at alternative data, and how you should take care of your digital footprints Rajiv Raj (left) and Abhishek Agarwal, co-founders of CreditVidya. Mumbai-based CreditVidya, a fintech start-up, uses alternative data ... Read More »

Rocket Internet Runs Out of Steam

According to a recent article in the FT shares in Rocket Internet fell sharply, after the Berlin-based tech investor said it would take longer than planned for some its key portfolio companies to swing into profit. Some investors also voiced disappointment that the group failed to provide clarity on how and when it would deploy its €1.6bn cash pile. The ... Read More »

AI and its Impact on Fintech

The Huffington Post published its view of how Fintech is embracing AI to stay ahead of the money lending game. Artificial intelligence, also known as AI, has taken the tech world by storm, allowing companies to cut costs, automate a variety of their processes, as well as boost their bottom line. AI-powered chatbots, specifically, are being used by companies big ... Read More »

U.S. Risk Climate: Why Aren’t Businesses Borrowing?

There have been all manner of odd developments as far as the economy has been concerned this year. Consumer confidence has been consistently high but until very recently the pace of retail activity has been sluggish. The unemployment rate has been at a twenty year low and that should have triggered inflation by this time but that wage driven inflationary ... Read More »

Global Trade Review (GTR) Launches Trade Fintech Investment Arm

Global Trade Review (GTR) has launched an investment arm, supporting fintech companies in the trade space GTR Ventures (GTRV) was launched at a recent GTR Asia Trade & Treasury Week in Singapore, the world’s largest trade finance event. GTRV will place private capital into trade and SME lending platforms, particularly in emerging markets. It will offer stakeholders – such as entrepreneurs, investors, private companies, banks ... Read More »

Singapore Unveils Initiatives in Bid to Be Regional Fintech Hub

The Monetary Authority of Singapore (MAS) rolled out a number of initiatives on Nov 14 as part of efforts to establish itself as a regional leader of fintech.  Speaking on the first day of conferences at this year’s Singapore Fintech Festival, Managing Director of MAS Ravi Menon said that the central bank will sign 16 cooperation agreements with other governments, ... Read More »

Banks Need to Fear E-commerce Company’s Ambitions

Banks around the world have spent the past few years preparing for competition from small, nimble technology startups. It turns out the real threat may be Jeff Bezos and Jack Ma. Financial institutions have parried the threat from fintech firms by incorporating some of their innovations through partnerships and in-house coding teams, according to McKinsey & Co.  In its annual banking report, ... Read More »

Technology Giants Pose Major Threat to Banking Industry

Large technology companies like Amazon, Facebook, Google and Apple are a greater threat to traditional banking than fintech firms, according to a report from the World Economic Forum. Fintech start-ups have been the focus of a great deal of attention in the banking industry, as these firms have combined digital technology with advanced analytics to provide easy-to-use applications that have ... Read More »

WeLab Raises US$220 million

Financial tech startup WeLab raises $220M from investors including Alibaba, the IFC and Credit Suisse WeLab, a financial tech startup that operates online lending platforms in Hong Kong and China, has raised $220 million in combined equity and debt financing. The round, which WeLab says is its Series B+, brings its total funding so far to $425 million. Investors include ... Read More »