News > FinTech

Bain Capital wagers on China fintech
FinTech
Bain Capital is making a big bet on China's burgeoning fintech and healthcare sectors. The U.S. private equity firm has raised $3 billion to invest in Asia and intends to put it to work next year. "As China transitions to a more service-oriented economy and sectors such as fintech and health care become areas for growth, they will require capital
Citi's fintech award winners
FinTech
Citi announced the "top innovations" from its Citi Mobile Challenge in Asia Pacific on Tuesday. The global initiative invited developers to build products or services based on the bank's digital platform and present concepts at events across the region, according to a media release. And the winners are: Most Intuitive Personal Financial Management Solution – CashTrack (Singapore) Most Transformative Use of Blockchain
UK dominates Fintech100 list, but China is rising fast
FinTech
With all the hype over London's status as a global fintech hub, it probably comes as no surprise that the U.K. dominates a list of top fintech firms released by KPMG this week, but China is fast catching up. The “Fintech 100” lists the top fintech firms of 2015 and comprises 50 established firms and 50 rising startups. Of the
Wall Street refugees turn to fintech
FinTech
It's still easy to think that fintech is a little geeky, a proselytizing faith for smart oddballs with a host of camp-followers attached. But, as the Financial Times (paywall) notes: Some of the world’s highest-profile bankers have poured millions of dollars into the booming fintech sector during the past year as they tap into new technology providing online financial services
The bitcoin startups of 2016 will be "thoroughbreds not unicorns"
FinTech
When fintech conference producers Finovate released a list of the world's biggest fintech unicorns earlier this year, the overwhelming majority were in lending and payments. After that, the next largest categories were real estate, insurance, and accounting. Bitcoin barely registered, with just one unicorn to its name – Coinbase. That will change in 2016, according to M&A advisory Magister Advisors, which predicts
Silicon Valley heavyweights spend $1 billion to harness AI
FinTech
Silicon Valley is apparently worried that its techies might produce a monster. Rapid developments in artificial intelligence (AI) have raised fears of a Frankenstein creation or Terminator droids equipped with the power to dominate humans. Tesla boss Elon Musk, PayPal's Peter Thiel and leading companies such as  Amazon Web Services, Infosys and YC Research intend to invest $1 billion "into an
Oxford fellow aims to revolutionise life with mood-mapping technology app Gyana
FinTech
An entrepreneur and fellow at Oxford University is hoping to change the face of the future for the good of humankind with her groundbreaking company Gyana, which reads emotional intelligence through data, writes FinBuzz.. Joyeeta Das, CEO of Gyana — whose name means “true knowledge” in Sanskrit — trained as an engineer before completing an MBA at Oxford University, where
Asian regulators to embrace fintech in 2016
FinTech
As fintech innovation from both startups and major technology players continue to disrupt the finance sector in 2016, the big issue for next year will be how regulators will get to keeps with a whole slew of financial products coming onto the market, says Deloitte Australia. The new report -- titled Asia Regulatory Themes for 2016 -- explains that services and
Secretive startup raises $2M from big name backers
FinTech
You don't need to know what they do, just trust them. Fintech startup Curve has closed a $2 million seed round despite its clandestine approach to business, reports TechCrunch. Curve, which is currently in a closed beta run, hasn't said publicly what it does. All anyone knows is that Curve wants to be the one touchpoint between people and their
Venmo keeps users engaged when they're not paying
FinTech
Split your brunch bill. Send $20 to your friend for last night's bar tab. Pay your brother for your portion of the parents' Christmas present. And check out what your friends are spending money on. The beauty, and appeal, of payments app Venmo is that it allows users to complete their transactions and then check their social feed to see