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  • @fintechna 3:35 pm on September 23, 2016 Permalink | Reply
    Tags: , 8216, , , , , Directive, , , Matters, , ,   

    EU’s Payment Services Directive (PSD2): What It Is And Why It Matters 

    Recent regulatory changes in Europe, including the (), are set to accelerate payments innovation.

    The Payment Services Directive (PSD) was initially adopted by the European Union (EU) in 2007 and aimed at providing a legal framework for all payments made in the region with the purpose of making these faster, more efficient and easier to use for European consumers and payments services providers.

    In October 2015, the EU adopted a revised PSD &; also referred to as PSD2 &8211; that sought to enhance consumer protection, promote innovation and improve the security of payments services.

     

    PSD2: What is it?

    PSD2 is a major policy development expected to impact the payments industry across Europe through: further standardization and interoperability of cards, Internet and mobile payments methods; the reduction of barriers to entry in particular for card and Internet payments providers, driving thus increased competition, innovation and transparency across the European payments market; as well as providing the necessary legal platform for the Single Euro Payments Area (SEPA).

    The directive seeks to improve the existing EU rules for electronic payments, while taking into account emerging innovative payment services, such as Internet and mobile payments. It sets out rules concerning:

    • Strict security requirements for electronic payments and the protection of consumers&; financial data, guaranteeing safe authentication and reducing the risk of fraud;
    • The transparency of conditions and information requirements for payment services;
    • The rights and obligations of users and providers of payment services.

    The regulation came into effect on January 12, 2016, and EU countries must incorporate it into national law by January 13, 2018.

     

    The impacts

    The new directive brings key changes that include:

    Third-party payment initiation: Payment Initiation Service Providers (PISP) will be able to initiate online payments from the payer&8217;s bank account. This will encourage competition in the European payments industry. Accenture estimates PISP services could account for up to 16% of online retail payments by 2020.

    The definition of a &;payment institution&; is extended to new types and categories of players. While the original PSD applied only to transactions occurring within the EU, the PSD2 will extend this scope to &8220;one leg out&8221; transactions.

    Third-party account access: The directive will regulate account information service providers (AISPs). These providers act as aggregators of customer payment account information.

    Prohibition of card surcharges: The regulation seeks to standardize the different approaches to surcharges on card-based transactions across the EU.

    Security of online payments and account access through the introduction of new security requirements for electronic payments and account access, along with new security challenges relating to AISPs and PISPs.

    The directive will affect everyone in the shifting payment landscape. This includes , fintechs, the PCI (Payment Card Industry) as well as merchants.

    EU’s Payment Services Directive (PSD2): What It Is And Why It Matters fintech

    How PISPs and AISPs will change existing interaction models between customers and banks, Accenture report &;Seizing the Opportunities Unlocked by the EU’s Revised Payment Services Directive&8217;

    PSD2 will bring both challenges and opportunities for European banks. Banks will be required to open up their infrastructure to third parties by offering APIs under the XS2A (access to account) rule. They will be forced to grant them access to their customers&8217; online account/payment services in a regulated and secure way.

    On the other hand, PSD2 presents significant opportunities to grow new revenue streams &8211; by facilitating and monetizing access to raw data and banking services, for instance &8211;, capture customer ownership and process toward an extended ecosystem centered on the &8220;Everyday Bank,&8221; a concept that takes banking to being trusted, indispensable and central to consumers&8217; everyday activities.

    EU’s Payment Services Directive (PSD2): What It Is And Why It Matters fintech

    EU banks: challenges and opportunities of PSD2, Accenture report &8216;Seizing the Opportunities Unlocked by the EU’s Revised Payment Services Directive&8217;

     

    Featured image: Mobile banking concept by Ditty_about_summer, via Shutterstock.com.

    The post EU&8217;s Payment Services Directive (PSD2): What It Is And Why It Matters appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 am on September 21, 2016 Permalink | Reply
    Tags: ‘Impressive, 8216, , , , , , , , , Industry’s, ,   

    New Report Highlights Germany’s Fintech Industry’s ‘Impressive Growth’ 

    The Germany&;s burgeoning industry is quickly emerging as a regional leader with a number of startup gaining international recognition and Berlin becoming a &;strong contender for London&8217;s fintech crown,&; according to a new report by UK payments startup GoCardless Ltd.

    &8220;It&8217;s no secret that Germany took its time to enter the scene, especially with investors erring on the side of caution due to the complex nature of German financial regulations, the says.

    &8220;But now the gap is finally closing on the UK. As Brexit places London’s ‘EU passport’ in jeopardy – the UK may soon find itself overtaken by Germany in the near future.&8221;

    New Report Highlights Germany’s Fintech Industry’s ‘Impressive Growth’ fintech

    Germany&8217;s fintech universe by city, EY Analysis 2016

    With now 250 companies employing approximately 13,000 people, Germany&8217;s fintech industry is growing rapidly.

    A report by EY released in March, suggests that the German fintech market is fragmented but has developed three main hubs: Berlin, Rhein-Main-Neckar region and Munich, each standing for a distinct characteristic.

    In terms of investment, Germany is lagging behind the UK, with €524 million invested in domestic fintech startups in 2015 compared to €707 million for UK startups.

    Ventures focusing on banking and lending alone have attracted a big chunk of Germany&8217;s overall fintech investment, raising €402 million in 2015.

    New Report Highlights Germany’s Fintech Industry’s ‘Impressive Growth’ fintech

    GoCardless &;What you didn’t know about German FinTech&8217; report

    The report notes the involvement of Peter Thiel, the co-founder of PayPal and a prominent figure in the tech industry, in a number of deals. These include participation in funding rounds of Zinspilot, a platform for comparing interest rates, and Hamburg-based consumer loan platform Kreditech.

    Traditional and financial institutions have too been involved, with a number of them either acquiring or partnering with startups to add innovative products and services to their portfolios. These include Sparkesse which acquired the majority of shares in payments startup Payone in 2015, as well as Deutsche Bank which has been collaborating with domestic startups such Gini and Fincite.

    Gini is a B2B focused financial data analytics startup delivering an API that uses artificial intelligence to enable businesses to automate paperwork, while Fincite is a German -advisor provider.

    Deutsche Bank has further announced plans to invest €1 billion in digital banking in the next five years as part of its &8220;Strategy 2020&8221; to boost efficiency, cut down on risky businesses and boost its capital base, as reported by Handelsblatt in March.

    One of the UK&8217;s competitive advantages over Germany is the supportiveness and openness of the Financial Conduct Authority (FCA) related to the UK&8217;s ambition to become the fintech capital of the world. &8220;A major component of that policy includes tax incentives to encourage seed investments, along with government programs to support innovation,&8221; the report says.

    This has helped foster a flourishing fintech startup community with widely renowned ventures such as TransferWise, Funding Circle and Monese.

    Germany&8217;s Federal Financial Supervisory Authority (BaFin), on the other hand, is deemed &8220;more complex and more conservative towards the development of fintech.&8221;

    &8220;The BaFin is still far behind on implementing policies similar to the FCA&8217;s,&8221; it says.

    &8220;For many German FinTech startups, acquiring a banking license from the BaFin is considered a path to profitability as it enables establishment of faster processes. But it also requires startups to implement strict controls and supervision for fraudulent activity. The application process can be long, complex and costly for recently founded startups, which discourages venture capitalists from making major investments in the industry.&8221;

    In light of the regulatory hurdles, banks have been trying to bridge the gap through investment funds, while players such as &8220;fintech company builder&8221; FinLeap have introduced products and services to help startups with financial regulations.

    For instance, FinLeap&8217;s SolarisBank is a fully licensed digital bank focusing on powering e-commerce businesses and fintech startups with modular, API-accessible financial services.

    While some local fintech startups have to rely on partnerships with existing financial institutions to help them grow, others such as N26, formerly known as Number26, have been awarded a full German banking license.

    Berlin-based N26 is a digital challenger bank that allows users to open an online banking account from their smartphone &8220;in under 8 minutes.&8221; N28 provides customers with a free MasterCard payment card, as well as the ability to send money abroad in 19 different currencies.

    N26 is currently available to customers residing in Germany, Austria, Ireland, France, Spain, Italy, Greece and Slovakia.

    Another challenger bank that holds a German banking license is Fidor Bank (Fidor Group), which was acquired by France&8217;s Groupe BPCE in July 2016.

    &8220;There&8217;s already lots of activity in the German FinTech scene and some of the established players mentioned earlier have already laid the groundwork,&8221; the report says.

    It concludes:

    &8220;There is massive potential for Germany to rival, and perhaps even take over from, the UK when it comes to fintech. The UK leaving the EU may also pave the way for Germany to take that lead sooner than expected, with the UK’s so called ‘EU-passport’ in jeopardy.&8221;

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  • @fintechna 12:18 am on September 14, 2016 Permalink | Reply
    Tags: 8216, , Clinc, , Personetics, , Step, ,   

    Chatbots Take One Small Step Forward to True AI with Personetics, Clinc 

    a moment and imagine the future of banking: chances are your vision contains a lot more automation than we have now, whether you’re imagining a simple predictive algorithm for investments or a fully-fledged personal finance &;bot with Skynet level AI—in terms of cognitive reasoning, not thirst for world domination.Read More
    Bank Innovation

     
  • @fintechna 3:53 pm on September 2, 2016 Permalink | Reply
    Tags: , , 8216, , , , , , , , , , , , ,   

    13 Hottest Finance And Fintech Startups in Europe 2016 

    WIRED Magazine has recently published a list of Europe&8217;s 100 Hottest Startups 2016. The list consists various in e-commerce, , AI, App, Mobile, Recruitment, etc. from cities such as London, Paris, Stockholm, Amsterdam, Istanbul, Barcelona&; Out of 100 startups, 13 startups in and Finance have made the list.

     

    LONDON, UK

    Property Partner &8211; Property Crowdfunding & Investment
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Property Partner combines residential real estate crowdfunding with a secondary exchange upon which investors can trade their holdings. The company allows anyone to invest in an individual property of their choice, with as little or as much they wish, so they can own a share, receive rental income and access capital growth. Property Partner is the trading name of London House Exchange Limited, a company that is authorised and regulated by the Financial Conduct Authority.

     

    Osper &8211; The Prepaid Debit Card for Kids 8-18
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    The branchless bank offers debit cards for 8-to 18 years-olds. Children can manage spending with an accompanying smartphone app, and parents can use the app to monitor spending and transfer (or withhold) pocket money. Founded by Alick Varma in 2012, the company is backed by Horizons Ventures and an array of entrepreneurs, including Samir Desai of Funding Circle

     

    STOCKHOLM, SWEDEN

    Qapital &8211; Smart Savings
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Qapital introduces a fun, automated way of saving money for specific goals. The totally free iPhone app is designed to help anyone reach savings targets by setting goals and applying rules to automate the saving. Qapital uses &;If This Then That&; IFTTT triggers to create a gamified savings system for millennials. Rules can be as simple as rounding up to the nearest dollar on everyday expenses or as interesting as rewarding yourself if you do certain things

     

    AMSTERDAM, THE NETHERLANDS

    BUX &8211; Casual Stock Trading
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    BUX wants to make everyone a stock trader. Released in 2014, its app combines &8220;virtua-money trading and a community&8221;, according to CEO Nick Bortot. It allows potentials investors to practise with digital currency before they spend real-world fund, with alerts sent when prices start to rapidly drop. Bortot claims the app has 450,000 registered users and is available in the Netherlands, Germany, Austria and the UK. Further European expansion is planned for the 31 people team.

     

    HELSINKI, FINLAND

    Moni &8211; Banking In Your Pocket
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Founded by Basemotion mastermind Antti Pennanen, this fintech startup offer prepaid MasterCards so travellers can pay without charges, and a money-transfer app that allows interest-free loans between friends.  Its profile soared in February when the Finnish immigration service announced it would use to make payments to some of Finland&;s 50,000 refugees.

     

    LISBON, PORTUGAL

    CrowdProcess
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    CrowdProcess is a scientific computing company that owns James, an R&D tool used by many to manage risk. James helps risk officers in banks manage risk better, reduce default rates and improve origination practices, using advanced scientific computing capabilities, including machine learning and advanced optimization. The company, founded in 2011 by CEO Pedro Fonseca, Sam Hopkins, and works with hedge funds based in New York and London.

     

    ISTANBUL, TURKEY

    Insider
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    A marketing tool that provides predictive algorithms for online businesses, Insider launched in 2012 and has 90 employees in 5 countries. &8220;There are personalisation tools which allow online businesses to create special content for each users. However, there are manual and integration takes ages,&8221; says co-founder and CEO Hande Cilingir. Insider&;s tools segment audiences automatically, for a monthly fee.

     

    AloTech &8211; A Cloud Company
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    For companies running a call center operation that are frustrated with the high cost, complexity and difficulty of the conventional systems, AloTech is the web based, pay-as-you-go solution running on Google, which is low cost, fast, easy, scalable and with complete enterprise functionality able to be setup anywhere in the world in 10 minutes.

     

    Parasut &8211; Financial Management Software for SMEs
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    The bookkeeping cloud platform made our 2015 list and has since doubled its customer base to 2,500. &8220;We signed a partnership agreement with Akbank, one of the largest banks&8221;, says co-founder Sean Yu. &8220;We&8217;ll integrate our application directly to online banking to enable seamless syncing of transaction data, make payments for invoices and payroll in-app, provide invoice factoring, credit and loans and other products in-app.&8221; 

     

    iyzico &8211; Virtual POS Service
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    TPayment platform iyzico has grown significantly since 2014. In 2015, it raised $ 6.2 million and entered the $ 400 billion Iranian market. It has more than 29,000 registered merchants (up from 3,000 in 2014) and has seen a 50% increase in the average number  of transactions year on year. &8220;I am aiming to get as many smart and driven people as possible together, who will help us to become the payment champion of the Orient,&8221;  says Marketing Manager a da Enen.

     

    TEL AVIV, ISRAEL

    FundBox &; Fundbox: Overcome Cash Flow Gaps
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Fundbox is a company focusing on helping small business owners overcome occasional short-term cash flow gaps. Founded in 2013, the service uses big data analytics, engineering, and predictive modeling to help optimize cash flow for small businesses and freelancers with outstanding invoices. The company already raised $ 112.5 million from investors including Jeff Bezos and Ashton Kutcher.

     

    Colu &8211; Local Currency
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    By giving people the ability to exchange digital cash directly with one another Colu is creating a new way of thinking about money that encourages sustainable and equitable economic growth while supporting local businesses. Colu wants to digitalise ownership of real-world items &8211; from cars to concert tickets &8211; using the . Founded in 2014, the company has raised $ 2.5 million in  seed funding led by Aleph Venture Capital. It has partnered with Deloitte and is collaborating with Barbados-based startup to introduce a -based &8220;Caribean dollar&8221;

     

    BARCELONA, SPAIN

    Kantox: Currency and Risk Management Solutions
    13 Hottest Finance And Fintech Startups in Europe 2016 fintech

    Kantox is a foreign exchange service provider, offering SMEs and mid-cap companies a comprehensive solution to their foreign exchange needs, based on transparency, efficiency and value. Their transactions reached $ 1 billion, broke the $ 3 billion barrier in April 2016. It completed an $ 11 million funding round from Partech Venture, IDinvest Partner and Cabiedes & Partners in May2015, and released new software this year which automates FX transactions and payments.

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  • @fintechna 3:36 am on September 1, 2016 Permalink | Reply
    Tags: 8216, , , , , , , , , , NextGen, , Powered, , , , ZeroCommission   

    Startup of the Month: Lykke, a Next-Gen Zero-Commission Trading Platform Powered by Blockchain 

    and has gotten a major boost in Switzerland as Richard Olsen, the co-founder of OANDA and a former CEO of the North American FX Brokerage, is looking to harness the power of the technology to disrupt digital currencies and assets .

    Lykke, Olsen&;s latest venture, has just released a mobile app for Android devices, which follows its iOS counterpart released in June. The Wallet lets users trade digital currencies and assets, and come with a number of innovative features including instant settlement, direct ownership and zero commission.

    Startup of the Month: Lykke, a Next-Gen Zero-Commission Trading Platform Powered by Blockchain fintech

    Through the app, users can track asset prices in real time, check their balances, transaction history and blockchain details for all transactions, move assets to any bitcoin wallet, deposit and withdraw bitcoins via QR codes with no fees.

    &;Lykke Wallet, currently in beta, aims to prove the concepts and the technology behind the new global marketplace,&; Olsen said in a media release.

    Signing up to Lykke is quite simple: you can use your smartphone camera to take pictures of yourself and your identification documents.

     

    Lykke&8217;s technology

    Founded in Zurich in 2015, Lykke aims at cutting out intermediaries in financial markets by allowing participants to transact in a peer-to-peer manner.

    It uses a technology called &;colored coins;&8217; tokens that represent assets. &8220;If a colored coin is hacked, the issuer can cancel the colored coin and issue a new colored coin,&8221; explained Olsen in a recent interview with Finance Magnates.

    Another interesting feature is the &8217;s use of multisignature (multisig) wallets, which require two signatures (one from Lykke, one from the client) to spend funds from a particular wallet.

    The Lykke Exchange itself doesn&8217;t take custody of client funds but also holds one of the two needed private keys. If, for some reason, the Lykke Exchange goes down, there is a &8220;refund mechanism&8221; for the private key held by the company.

    &8220;We have solved the cyber security issue that plagues bitcoin exchanges and offer restitution, which is more efficient than a depositor insurance scheme in that is limited to specified amount of money,&8221; Olsen said.

    Startup of the Month: Lykke, a Next-Gen Zero-Commission Trading Platform Powered by Blockchain fintech

    Lykke is building a global marketplace where users would be able to trade all classes of financial instruments issued in the form of colored coins in order to enable direct ownership and immediate settlement on the blockchain.

    In May 2016, Lykke closed a second seed funding round, welcoming new investors Marco Brockhaus and Carlo Koelzer, founding partner of 360T&8217;s Group Executive Board and member of Deutsche Börse Group Management Committee.

    That same , the company announced the addition of Nick Szabo, a Bitcoin pioneer, into its Advisory Board.

    Lykke is currently on an Initial Coin Offering (ICO) which it plans to begin in September.

    &8220;Blockchain is an opportunity for all businesses – literally all businesses can embrace the technology and seize the opportunities, such as issuance of new instruments, explosive growth of transaction volumes, new types of banking, investment management and insurance products – these markets have huge potential,&8221; Olsen said.

    &8220;Companies that close their eyes to the new opportunities are at risk – they will be latecomers and will have to restructure, when revenues nosedive – a bad environment to embrace new business models.&8221;

    The post Startup of the Month: Lykke, a Next-Gen Zero-Commission Trading Platform Powered by Blockchain appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 am on August 31, 2016 Permalink | Reply
    Tags: 8216, , , , , , , , , , , ,   

    Switzerland Opens up to Blockchain Tech 

    Appetite for is growing worldwide as venture capital investment in and blockchain startups exceeds US$ 1.1 billion and major financial institutions begin trialing the technology for varied applications.

    Perceived as the trigger to &;a profound technological shift&; by authors Don and Alex Tapscott, blockchain technology not only promises to help save up to US$ 20 billion in infrastructure costs but could also disrupt other industries as well including insurance, healthcare, education and governance.

    While Silicon Valley reminds a hotspot for blockchain development, hosting 30% of the world&;s bitcoin and blockchain startups and attracting 51% of the total venture capital investment globally, according to CoinDesk&;s Q1 2016 State of Blockchain report, other locations around the world are working towards building a strong domestic ecosystem.

    In June, 24 members of the Swiss Parliament proposed a motion to reduce the regulatory burdens of blockchain startups. The motion, aimed at defining the term &8216;client deposit&8217; from banking bills, was rejected earlier this month, implying that FINMA, &8217;s financial watchdog, would consider blockchain and bitcoin startups as being qualify as banking businesses, according to a report by Startupticker.ch.

     

    Switzerland is exploring other options including creating an entirely new license category for financial innovators carrying out some banking activities but with limited acceptance of client assets and no lending activity, as well as a license-exempt area, also referred to as a &8216;regulatory sandbox.&8217;

    On January 01, 2016, FINMA revised its Anti-money Ordinance for businesses dealing with new payment methods and virtual currencies. Regarding virtual currencies, the authority equated them with money-transmitting services.

     

    Switzerland&8217;s Bitcoin and blockchain ecosystem

    In recent years, the Swiss canton of Zug has welcomed a growing number of Bitcoin and blockchain startups settling and opening offices in the location. This has led to the emergence of the &8220;Crypto Valley&8221; nickname which today hosts the likes of Monetas, Shapeshift, Xapo and Blockchain Source.

    Monetas is a software company focused on next-generation financial services, providing banks and firms with a platform that allows for safe, fast, and very low cost transfers of any asset. In October last year, the company announced a pilot for a nationwide transaction platform for Tunisia&8217;s postal services.

    Shapeshift is a exchange platform that allows for instant trade.

    Blockchain Source is a consulting firm specializing in blockchain for the financial services industry.

    Xapo provides users with a bitcoin wallet as well as a &8220;deep cold storage wallet.&8221; The company has raised US$ 40 million in funding so far. The company, initially based in Palo Alto, relocated its corporate headquarters to Switzerland in May 2015, citing the country&8217;s long history of neutrality and stability.

    Alongside its vibrant startup community, Switzerland is also home to Nexussquared, a blockchain-focused incubator founded by former senior UBS banker Daniel Gasteiger and property specialist Daniel Grassinger that aims at &8220;establishing Switzerland as a nexus for blockchain technology.&8221;

    In July, Nexussquared wrapped up the first edition of nexuslab, a virtual blockchain startup program co-organized with Startupbootcamp .

    Switzerland Opens up to Blockchain Tech fintech

    PHOTO: Nexuslab Festival Finale by PIOTR PIWOWARSKI http://www.fotopi.ch, via Nexussquared

    Eight startups presented during the nexuslab Festival finale in Zurich on July 07. These ventures included Agrello, an Ethereum-based platform for managing contracts and legal documents; Doqum.io, a peer-to-peer community system for digital documents; First Wallet, a payment system for content providers; and Taqanu Bank, a neo-bank that leverages blockchain technology to provide banking services to people who don&8217;t have a fixed address; among others.

    The event gathered nearly 170 investors, industry experts and journalists. The presentations by the eight startups &8220;pointed to Switzerland&8217;s strong position as a blockchain hub,&8221; Nexussquared said in a media release.

    &8220;From trading ownership in music as a form of alternative investment to a banking solution for refugees and creating and signing electronic contracts, festival attendees got a taste of how blockchain technology can be applied to develop tangible business models.&8221;

    On September 13, the Finance 2.0 Crypto &8217;16 conference in Kunsthaus Zurich will welcome industry experts to discuss &8220;how cryptofinance will change the world.&8221;

    Topics will include the use of blockchain technology in art and music, decentralized autonomous organizations, smart contracts, business applications for private and open chains, as well as international settlements using cryptocurrencies. Get an exclusive 25% Discount with Code &8220;FinTech&8221; .

     

    Featured image: Chain and padlock by ifong, via Shutterstock.

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  • @fintechna 3:35 am on August 29, 2016 Permalink | Reply
    Tags: , 8216, , , , , , , , , , , ,   

    FinTech DACH News Rückblick der Woche 34 

    Fintech.Li präsentiert hier wöchentlich die wichtigsten rund um in der Schweiz, Liechtenstein, Deutschland und Österreich.

    Fintech Top News

    FinTech DACH News Rückblick der Woche 34 fintech

    Sparkassen-Tochter 1822direkt integriert Online‑Versicherungsmakler & InsurTech GetSafe
    1822direkt, Tochter der Frankfurter Sparkasse, und der Online-Versicherungsmakler GetSafe haben heute eine “strategische Partnerschaft” bekannt gegeben. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 34 fintechPSD2 und Acquiring &; jetzt wird&;s eng für KNBs und Internet-PSPs
    „einen den Transfer von Geldbeträgen zum Zahlungsempfänger bewirkenden Zahlungsdienst eines Zahlungsdienstleisters, der mit einem Zahlungsempfänger eine vertragliche Vereinbarung über die Annahme und die Verarbeitung von Zahlungsvorgängen schließt“. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 34 fintechPlattform-Ansatz macht Banken zu Banking-Dienstleistern
    Dieser Beitrag wurde am August 25, 2016 von Katharina Mueller in News zur Veranstaltung veröffentlicht. Schlagworte: Banking as a Platform, digitales Banking. Mehr erfahren

     

     



    FinTech DACH News Rückblick der Woche 34 fintechFinovo hilft Pensionskassen Hypotheken zu verbergen

    Germany overtook Britain as the fintech funding capital of Europe in the second quarter of the year, with German startups pulling in $ 186 million (£142 million) compared to $ 103 million for British businesses. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 34 fintech

    Sparkassen kooperieren mit Gini und ermöglichen Fotoüberweisungen
    Ein Gemeinschaftsprojekt der Finanz Informatik, Star Finanz & Gini GmbH. Mehr erfahren

     

     
    FinTech DACH News Rückblick der Woche 34 fintech

    Wir werden andere Banken haben
    Szene-Vordenker André Bajorat spricht über die Frage, wie gefährlich Fintechs für klassische Geldhäuser werden können. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 34 fintechWirecard and Future Finance bring new student loans model to German market
    Wirecard and Future Finance, an Ireland-based financial company, today announce the launch of a new student financing model to the German market. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 34 fintechGeld aus London: Passion Capital investiert in Ginmon

    Passion Capital greift Ginmon unter die Arne. &;Mit dem eingesammelten Kapital soll in erster Linie die eigens entwickelte Technologieplattform weiter ausgebaut werden und die internationale Expansion vorangetrieben werden“, sagt Gründer Lars Reiner. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 34 fintechUBS digitalisiert das Schliessfach

    Als eines ihrer wichtigsten digitalen Projekte dieses Jahres lanciert die UBS demnächst den UBS Safe – ein Dokumente-Ablagesystem für UBS Kunden. Kundinnen und Kunden können in diesem digitalen Schliessfach wichtige persönliche Dokumente, Bankdokumente und Passwörter sicher aufbewahren. Mehr erfahren

     

    / News


    FinTech DACH News Rückblick der Woche 34 fintech

    Nicht sexy genug: Darum verlassen die Blockchain-Hirne ihre Banken
    Die UBS verliert ihren Blockchain-Vordenker. Der Verlust schmerzt, doch die Schweizer Grossbank ist damit nicht alleine, wie sich zeigt. Was hinter den sich häufenden Abgängen von Fintech-Profis steckt. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 34 fintech

    South African Central Bank &;Open&8217; to Blockchain and
    South Africa’s central bank is “open” to cryptocurrencies and blockchain, according to new statements from its governor. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 34 fintech

    Google & Apple Prefer Ripple Blockchain Tech over Visa

    Ripple Labs has created a lot of interest in blockchain technology with its Interledger Protocol (ILP), including from Apple and Google, according to the International Business Times. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 34 fintechIst die Blockchain ein Jobkiller?
    In den vielen, oftmals euphorischen, Diskussionen über die zahlreiche Anwendungsmöglichkeiten der Blockchain wird oftmals eine wichtige Frage außer Acht gelassen. Wenn es die Blockchain ermöglicht viele Geschäfts- und Produktionsprozesse zu automatisieren und Intermediäre zu umgehen, was passiert dann mit den ganzen Jobs? Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 34 fintechWeltwirtschaftsforum: Blockchains als &8220;schlagendes Herz&; der Finanzwelt

    Der Hype um die Blockchain-Technik in der Finanzwelt ist groß. Und das ist auch berechtigt, sagt eine aktuelle Studie des Weltwirtschaftsforums. Derzufolge werden die dezentralen Kassenbücher eine zentrale Rolle in der Finanzwelt der Zukunft spielen. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 34 fintech

     

    Bitfinex bietet Unternehmensanteile gegen BFX Token
    As recently as this year The Bank of England announced their initiative to create their own cryptocurrency. They’ve named it RSCoin. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 34 fintech

    Finanzbranche sieht kaum Zukunft für Bitcoins
    Research powerhouse Gartner Inc. recently announced their “Hype Cycle for Emerging Technologies, 2016,” which shows that “Blockchain” is in the Peak of Inflated Expectations phase. Mehr erfahren

     

     

    ÜBERSICHTEN / INFOGRAFIKEN / STUDIEN


    FinTech DACH News Rückblick der Woche 34 fintech

     

    The 10 biggest fintech VC funding deals so far this year
    Das bedeutet für Millionen Kunden, dass sie künftig erstmals eine Gebühr für die Kontoführung zahlen müssen. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 34 fintech

    Women in Finance Power 100 &8211; The most influential financial women on Twitter

    Which Women in Finance are dominating Twitter? Discover the 100 most influential Women in Finance. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 34 fintech

     

    Insurance Technology Market Overview Q2

    Sector map organizes the Insurance Technology sector into 14 categories and shows a sampling of companies in each category. Mehr erfahren

     

     

     

    Fintech EVENT Hinweis

    Zum Abschluss noch Informationen in eigener Sache von Fintech.LI.

    FinTech DACH News Rückblick der Woche 34 fintech

    Das Programm zur Fintech Konferenz in Liechtenstein finden Sie auf der Homepage.

    Fintechnews Leser erhalten einen exclusiven Discount von 20% mit dem Code &8220;fintechnews20&8221;.

    The post FinTech DACH News Rückblick der Woche 34 appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 pm on August 20, 2016 Permalink | Reply
    Tags: , 8216, , , , , , , , , , ,   

    FinTech DACH News Rückblick der Woche 33 

    Fintech.Li präsentiert hier wöchentlich die wichtigsten rund um in der Schweiz, Liechtenstein, Deutschland und Österreich.

    Fintech Top News

    FinTech DACH News Rückblick der Woche 33 fintech

    Vontobel lanciert neue Fintech-Lösung in Deutschland im Derivate Bereich
    Vontobel stellt mit mein-zertifikat.de eine neue Fintech-Plattform vor, auf der Anleger Zertifikate individuell kreieren können. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 33 fintechCookies funktioniert &; das Geschäftsmodell fehlt aber noch

    Mit etlichen Monaten Verspätung geht die Payment-App Cookies an den Start. Kaum ein FinTech-Start-up wurde in den vergangenen Monaten mehr gehypt als dieses. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 33 fintechBankathon 2016: Der Hackathon für Banken & FinTechs &8211; dieses Mal kommt das Original nach Hamburg

    Bankathon in die dritte Runde – und das in der Hansestadt. Erstmals gibt es diesen besonderen Programmierwettbewerb in Deutschland mit dem thematischen Schwerpunkt der Payment Service Directive 2 (PSD2). Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 33 fintechGerman fintech startups raised 80% more than British ones in the second quarter

    Germany overtook Britain as the fintech funding capital of Europe in the second quarter of the year, with German startups pulling in $ 186 million (£142 million) compared to $ 103 million for British businesses. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 33 fintechInsider Threats Management &8211; das müssen Sie wissen
    74% der Unternehmen sind nach eigenen Angaben anfällig für Insider Attacken. 42% aller Unternehmen geben jedoch an, nicht ausreichend gegen dagegen geschützt zu sein. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 33 fintechInterview mit Johannes Höhener
    „Our local fintech scene is an important source of inspiration and innovation for the Swiss financial industry. We support and promote the development of these creative startups&;. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 33 fintechDie Digitalisierung bietet Banken und Sparkassen ein Milliardenpotential

    Digitale Technologien bieten deutschen Retail-Banken ein Milliardenpotenzial meint die Unternehmensberatung Boston Consulting. Wie dieses realisiert werden kann und wo die Aufgabenschwerpunkte liegen, hat mir Dr. Holger Sachse in einem exklusiven Interview erläutert. Mehr erfahren

     

     

    / News


    FinTech DACH News Rückblick der Woche 33 fintechThe Wretched, Endless Cycle of Bitcoin Hacks

    It seemed bitcoin exchange Bitfinex was doing all the right things. In the end, that didn’t stop hackers from stealing $ 65 million. Mehr erfahren

     

     
    FinTech DACH News Rückblick der Woche 33 fintechPlane Maker Airbus Joins Hyperledger Blockchain Project
    French airplane manufacturer Airbus has officially joined the Hyperledger Project, the Linux Foundation-led blockchain initiative. Mehr erfahren

     

     

     


    FinTech DACH News Rückblick der Woche 33 fintechNext Bitcoin Software Update Will Be First to Feature SegWit Code

    A forthcoming bitcoin software update will be the first to feature code that could be later activated and included as part of an effort to scale transaction capacity on the bitcoin blockchain. Mehr erfahren

     


    FinTech DACH News Rückblick der Woche 33 fintechTether Launches ‘Euro-Coin’ Trading on the Bitcoin Blockchain

    Just like its USD counterpart, Tether Euros (EURT) bridge fiat currency with the Bitcoin blockchain along with the ability to use for SEPA transfer, debit card payments as well as trading EURT/USDT pairs over OmniDex. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 33 fintechOverstock&;s New Blockchain President to Accelerate &;Fight Against Wall Street&8217;
    After 14 years working with Overstock.com, the e-commerce giant&8217;s chairman of the board was asked to leave the room during a board meeting last month.. Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 33 fintech

     

    The Bank of England has created its own version of Bitcoin
    As recently as this year The Bank of England announced their initiative to create their own . They’ve named it RSCoin. Mehr erfahren

     

     

    FinTech DACH News Rückblick der Woche 33 fintechGartner puts Blockchain at the Peak of Inflated Expectations, while Bitcoin slides into the Trough of Disillusionment
    Research powerhouse Gartner Inc. recently announced their “Hype Cycle for Emerging Technologies, 2016,” which shows that “Blockchain” is in the Peak of Inflated Expectations phase. Mehr erfahren

     

     

    ÜBERSICHTEN / INFOGRAFIKEN / STUDIEN


    FinTech DACH News Rückblick der Woche 33 fintech

    Postbank schafft Gratis-Konto für die meisten Kunden ab
    Das bedeutet für Millionen Kunden, dass sie künftig erstmals eine Gebühr für die Kontoführung zahlen müssen. Mehr erfahren

     

     


    FinTech DACH News Rückblick der Woche 33 fintech&8216;s offener Brief an Cashcloud-Chef Moritz Hunzinger

    &;Auch wenn wir uns nie persönlich begegnet sind spüre ich eine freundschaftliche Bande zwischen uns. Gleich mehrere Dinge verbinden uns.&8221; Mehr erfahren

     

     

     

    FinTech DACH News Rückblick der Woche 33 fintech

     

    Die Schweiz und London sollten jetzt eng kooperieren
    Fintech-Guru Eric van der Kleij über den Startup-Platz Schweiz und die Besonderheit des Kickstart-Accelerators. Mehr erfahren

     

     

     

     

    Fintech EVENT Hinweis

    Zum Abschluss noch Informationen in eigener Sache von Fintech.LI.

    FinTech DACH News Rückblick der Woche 33 fintech

    Das Programm zur Fintech Konferenz in Liechtenstein finden Sie auf der Homepage.

    Fintechnews Leser erhalten einen exclusiven Discount von 20% mit dem Code &8220;fintechnews20&8221;.

    The post FinTech DACH News Rückblick der Woche 33 appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 am on August 20, 2016 Permalink | Reply
    Tags: , 8216, , , , Disruptive, , ,   

    10 Disruptive Innovations 

    Smart Box, Big Data, robotics and contextual commerce are some of the newest concepts that could potentially disrupt the marketplace, according to a new report by Citi.

    10 Disruptive Innovations fintechIn a paper titled &; IV,&; Citi&8217;s global research team analyzes ten disruptive innovations that are likely to impact our lives.

    Big Data disruption: Big Data, software, and analytics are creating &;seismic shifts&; in the multiple sectors. The transformation will affect the entire value-chain and should make current business models in many sectors become obsolete. Greater automation and optimization through data and advanced analytics on software platforms should raise market efficiency.

    Contextual Commerce: Contextual Commerce, the concept of &8220;giving a consumer what they want when they want it without requiring the consumer to take the initiative or expend much effort in any way,&8221; is changing the nature of e-commerce by introducing content and intent to the online experience. The paradigm shift in Contextual Commerce is that the merchant is brought to the consumer by integrating the merchant&8217;s offerings with the consumer&8217;s preferred platform of choice.

    10 Disruptive Innovations fintech

    Direct-to-consumer marketplace: Direct-to-consumer marketplaces allow consumers to buy directly from manufacturers rather than via a wholesaler or retailer. These platforms use specific , which helps them to link up the available inventory of many manufacturers without the need to directly own or control the product.

    Epigenetics: Epigenetics is the study of heritable changes in gene expression. Epigenetic breakthroughs are creating a tool box of powerful drugs to treat cancer and many other potential indications. Importantly, epigenetic drugs, which can switch genes on and off, may materially increase the percentage of patients likely to experience profound increases in survival in response to immunotherapy.

    The future look of devices: Consumer devices will be reshaped &8220;as thin and flexible as a piece of paper&8221; by 2021, thanks to augmented reality and &8220;mixed reality.&8221; Future devices will eventually become &8220;invisible&8221; &; using regular glasses or contact lenses as projectors to enable augmented reality. With 5G connections, storage and computing power can be stored on a cloud, thus saving components and enabling further power saving.

    The smart box: Consumer media devices could be the focal point of the &8220;connected home,&8221; integrating a variety of services and connectivity into one location. Citi estimates that the market opportunity for the connected home in the UK could be as much as £86 billion.

    Next-gen ocular delivery: New delivery methods will increase the ease and effectiveness of drug delivery for the growing number of people with ocular disease. The shift to sustained drug delivery in ocular medicine will have a significant impact on traditional therapeutic markets in ophthalmology.

    10 Disruptive Innovations fintech

    Open source robotics: The surge of robot demand outside the factory, and the much wider variety of uses however has led to another development – the use of open source software to control robots. Open source robotic allows to share development costs and helps accelerate robot penetration by lowering customer adoption costs.

    Thermoplastic subsea pipes: Switching from traditional steel pipes to new thermoplastic pipes decreases subsea costs by 30-40% and total deepwater costs by 10%.

    Wide bandgap semiconductors: Wide bandgap semiconductors have shown the capability to meet the higher performance demands yet enable design of modules that are smaller, faster, and more reliable than their silicon-based counterparts.

     

    The importance of innovation clusters

    Regional innovation clusters such as Silicon Valley, Boston, London and Stockholm, have a key role to play in fostering the &8216;next&8217; economy. Silicon Valley is undeniably the most famous innovation cluster in the world, accounting for 52% of California&8217;s patent registrations in 2013, attracting highly skilled people (47% of residents have a professional degree compared with 29% in the US itself) and creating over 57,000 new jobs between 2013 and 2014.

    Some regions around the world are becoming particularly important for innovation in specific sectors.

    In the realm of , California, the UK and New York are the three largest markets for fintech startups.

    10 Disruptive Innovations fintech

    The UK, in particular London, has produced some of the largest and most successful fintech companies. These include fintech unicorns Transferwise and Funding Circle.

    London has become a hub for fintech for a number of reasons: its highly skilled workforce and entrepreneurial talent pool, its strong tech cluster, and its proximity to one of the most competitive financial centers in the world.

    The fintech industry is employing over 61,000 people in the UK. The country also has the highest number of incubators and accelerators for the fintech sector.

    10 Disruptive Innovations fintech

     

    Featured image: Energy-saving lamp by Photobank gallery, via Shutterstock.

    The post 10 Disruptive Innovations appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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  • @fintechna 3:35 am on August 15, 2016 Permalink | Reply
    Tags: 8216, , , , , , , , ,   

    Mobile-Only Challenger Bank Monese Releases iOS App 

    , a UK-headquartered mobile-only , has launched its iOS app alongside a refreshed Android app.

    Monese lets you open a UK current account almost instantly even without a UK address or credit history, all through the app.

    Opening a Monese bank account is quite simple and only requires a snapshot of your passport and a selfie. Monese is available to customers located in Europe.

    The banking account comes with a (free) contactless Visa Debit card, which allows you to purchase goods and services online and in store, withdraw cash from ATMs globally, as well as deposit cash at any shop with a PayPoint.

    Mobile-Only Challenger Bank Monese Releases iOS App fintechThe Monese app works pretty much like any other banking app: you can receive payments, send money at home or abroad (8x cheaper than using a traditional bank), pay your bills and manage your money on the go.

    Monese primarily targets immigrants, digital nomads and the expats community who often have to experience challenging tasks when opening a UK bank account as foreigners.

    Named &;Best Challenger-Bank&; in Europe, the startup has been awarded €1.1 million by the European Commission for research and innovation.

    Monese, one of the first 100% mobile current account services to launch in the UK back in September 2015, is registered by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money.

    Since the UK&8217;s financial regulators loosened rules for new entrants in 2013, a host of startups have applied for banking licenses in order to take on the established lenders. Monese, but also Mondo, Atom Bank and Starling, have that one thing in common: they are all engaging with customers almost entirely through digital channels.

    In April, app-only bank Atom Bank launched its iOS app in the UK and is currently looking to replace passwords with biometrics banking. The company is authorized with restrictions by the Prudential Regulation Authority (PRA) and regulated by the FCA.

    Atom Bank is backed by BBVA, Anthemis Group, Polar Capital Holdings and Toscafund Asset Management, and has raised over US$ 170 million in funding so far.

     

    Digital banks and millennials

    In May, Viacom Media released results of a survey of over 10,000 millennials on their perception of banking. The survey found that 73% would be more excited about a new offering in financial services from leading companies than from their own bank.

    Mobile-Only Challenger Bank Monese Releases iOS App fintech

    Image: Millennial Generation by William Perugini, via Shutterstock.

    Engaging with millennials, a growing population of 80 million individuals in the US along with radically different expectations from their predecessors, has become a top priority for . Growing up in the age of the Internet boom, millennials have ushered in the rise of mobile apps, crowd-source funding, digital peer-to-peer payments and online banking.

    According to the Millennial Disruption Index, 68% believe that in five years, the way we access money will be totally different and 70% say that the way we pay for goods and services will completely change in five years.

    Interestingly, 33% believe they won&8217;t need a bank at all in five years, and almost 50% are relying on tech startups to fundamentally change how banks work today.

    The post Mobile-Only Challenger Bank Monese Releases iOS App appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

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