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The Total Volume of FinTech Investments in 2014? $6.8B
According to the annual research of international fintech venture capital firm Life.SREDA, fintech startups worldwide raised a total of $6.8B in 2014. This is three times more than in 2013, when the total investment amount in fintech was $2.2B. In 2014, we witnessed the first IPOs of fintech companies, setting
Meet ‘The Fintech 50’ – Mambu
What is Mambu’s mission statement? Mambu believes that all people and businesses should have ubiquitous access to appropriate financial services to help them pursue economic opportunities around the world. Our job is to provide the next generation of financial innovators the ability to easily design, deploy and service essential loan and deposit products.
Big Data Takes Over the Gaming Industry
Back in 2013, the Staples Center sold out in under an hour, setting what must be some unofficial record for ticket sales. However, people weren’t buying tickets to see the Lakers or the Kings play. The center was actually hosting the League of Legends Championship. For those of you who
Aerospike’s New CEO John Dillon on the 2015 Roadmap for Database Tech: Less Hype, Better Technology
2015 is certainly an exciting time for NoSQL database vendors Aerospike. 2014 saw them open source their technology, post groundbreaking benchmarks and add a whole raft of updates to their platform. Today, they’ve announced that Silicon Valley veteran John Dillon will be stepping into the breach as their new CEO.
UK Government Calls for Evidence to Launch Banking API Standard
At the Autumn Statement 2014 the UK government published the report ‘Data Sharing and Open Data for Banks’ written by the Open Data Institute and consultancy firm Fingleton Associates. The government committed to launch a call for evidence on how best to deliver an open standard for application programming interfaces
Banca d'Italia Launches T2S Program – Harmonises Cross Border Banking
Italian banks have launched the Target-to-Securities project, T2S is a technical platform that will be offered to central securities depositories (CSDs) for the settlement in central bank money of both domestic and cross-border securities transactions. The development and future management of the platform has been entrusted to the central banks
Peer-to-Peer Industry Hits £1.2 Billion in UK in 2014
Peer-2-Peer released new figures today indicating that the P2P industry is responsible for more than £2.1 billion in loans during 2014, doubling in size since 2013. The number of lenders has increased by one third and borrowers have also increased by 90% according to the statement by Peer-to-Peer Finance Association
Arianna Huffington to Join Payoff Board
Payoff, Inc. Announced this week that founder, President and Editor-in-chief of The Huffington Post media Group, Arianna Huffington will be joining their Board of Directors. The board currently comprises of Mohamed El-Erian (Former CEO, Pimco), Joe Saunders (Former CEO, Visa), Sean Park (Founder & Chairman, Anthemis Group), Jim Lane (Former
IT Spending in North American Banks to Be Ramped Up
IT spending in North American banks will get a serious push this year. Expected to grow about 4.5%, IT spending will reach $62.2 billion in 2015 from $59.5 billion in 2014. Growth will drop slightly in 2016 and is expected to reach $64.8 billion according to analyst firm Celent. The
Over 200,000 Self- Serve Appliances to Accept Apple Pay
Since its launch in October last year, Apple Pay has been steadily growing in popularity. However, self- serving hardware seem to be one of the last few places to accept only cash or cards. USA Technologies (NASDAQ: USAT), a leader of wireless, cashless payment and M2M/IoT solutions for small-ticket, self-serve
