FinTech News Issue #11 February 11th, 2015

FinTech Articles

    In emerging markets, mobile money services have the power to simplify lives, offering people the convenience of paying from anywhere and at any time, but also to transform them, playing a social noble role by addressing the unbanked or underserved population in Africa, offering them payment services they did not have access to before, says Paul Opie, Banking Field Marketing Manager for Africa at Gemalto.

    It was a big week for marketplace lenders with SoFi landing $200 million, CommonBond $150 million (an undisclosed portion of that was commitment to purchase loans), and Fundera $12 million (debt). In addition, Chinese online lender U51 pulled in $50 million.

    Jochen Siegert and André Bajorat are talking about the current developments regarding Ebay Inc. and PayPal.

    Money is generally misunderstood, which contributes to the confusion about bitcoin as a digital currency. If you acknowledge that money is simply a language to communicate value and you evaluate bitcoin objectively, you quickly realize that bitcoin stacks up well against any form of money that has ever existed.

    Enough has been written about how cool Apple Pay is. However, Hari Subramanian points out some key trends in consumer and merchant expectations where Apple Pay may fall short.

    The payments industry is embracing a range of disruptive payment systems that are changing the way we pay, especially as digital payments become mainstream. A large number of innovators and developers are writing great amount of code to develop the next generation of payment experiences.

    Meet The Finalists of the 2015 PYMNTS Innovator Awards

    An event to be held by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in New York next month is set to include a panel of payments and cryptocurrency professionals.

    The Business Forum panel will discuss cryptographic protocols and their potential impact on correspondent banks, those that provide services to other financial entities.

    Backed by six Polish banks, mobile banking service Blik was launched in Poland. The initiative which started in November last year just went live on Feb 9th.