FinTech: In 14 Great Charts
Below are 14 charts about fintech I found quite interesting. They each pickup on different themes — from mobile banking to payment technology. These are great for pitchbooks to investors, customers and employees.
Fintech: New Sector, Same Old Problem
Fintech is pulling in the money, but unfortunately not senior women executives.
Many of these new firms are promising to radically transform the banking world. Technology, they say, will make finance more transparent, fairer and more focused on its customers (or users, as they would call them).
But when it comes to gender diversity, the disruptors seem to be stuck with the same bad habits of the incumbents they threaten to wipe out.
Why Fintech Will Change the World
Fintech is on fire. Better, it’s white hot. According to an oft-cited study released by Accenture, global investment in financial technology ventures tripled from US$928 million to US$2.97 billion between 2008 and 2013. This figure is expected to snowball to a whopping US$6 to 8 billion by 2018.
Cheaper than Banks: 5 Platforms That Fuel Alternative Finance Market
Alternative source of funding is the new buzz word in the financial sector. Very simply it is innovation centered around various financial instruments that looks to simplify the borrowing and lending process and help businesses in their financial goals.
Digit Is the Automated Savings Plan We've Been Waiting For
Digit, an automated savings account that opens to the public today for US accounts, hopes to put us back in the black. Let it monitor your income and spending habits, and it will begin socking away a few dollars whenever it thinks you won’t miss them.
As consumer banking apps go, this is one of the most appealing we've seen. It hits a major pain point (savings) in an incredibly simple and unintrusive way.
Google Capital Is Opening An Office In India, Its First Outside Of The U.S.
Google is joining SoftBank, Tiger Global and other investors in India, after the company revealed that it is in the process of setting up an office for Google Capital, its year-old late-stage fund, in the Asian country. The outpost will be its first outside of the U.S..
RBS and NatWest to Use Apple's Fingerprint ID for Mobile Log-In
RBS and NatWest have introduced Apple's Touch ID for fingerprint log-in to mobile apps on the iPhone. Claiming a UK banking first, RBS says the technology is being rolled out in response to feedback from customers on its online community forum, 'Ideas Bank'.
Samsung Acquires LoopPay, Maker Of An Apple Pay Competitor
Samsung has acquired LoopPay, the companies announced today. The acquisition confirms earlier rumors that suggested the two were working closely together on an upcoming project, and suggests Samsung could make use of LoopPay’s technology to offer is own Apple Pay competitor on future devices.
Stripe Now Lets All Businesses Accept Bitcoin Payments
Digital payment service Stripe has officially announced support for Bitcoin, allowing all merchants using its service to accept payments in the cryptocurrency.
The company began testing Bitcoin integration last March with a private beta spanning 60 countries, and completed its trial in December. Stripe will charge 0.5 percent per transaction made with Bitcoin.
IT’S OFFICIAL – USD, CAD, NGN, BRL, MYR, PHP now live on TransferWise
Money transfer startup TransferWise is expanding to the United States, Brazil, the Philippines, Canada, Malaysia and Nigeria.