Why Orum eyes debit cards as the rails for more market share The adage “If you build it they will...
Target Global, based in Berlin has closed a new fund; the fund will focus on Seed and Series A rounds and expects to fund 20 companies primarily in Germany and Israel; Shmuel Chafets, General Partner at Target Global stated, “Target Global’s Early Stage Fund will serve as a bridge connecting Tel Aviv and Berlin. Germany in general and Berlin more specifically have been able to produce great companies, but if Berlin truly hopes to become a global tech hub it must open itself up to real innovations and groundbreaking technologies. On the other hand, If Israel wants to continue to be the “start up nation” , it has to create sustainable, long-term companies and efficient business processes. We already see some early signs of collaboration taking place, but we believe we can help expand it to other industries.” Source
Haven Life was the first insurance company to offer a life insurance product to its clients completely online; Liz Langlois from Haven Life provides insight on the industry and firm's evolution in a blog post; also discusses factors for consideration in choosing a life insurance partner. Sponsored Blog Post
The two firms have built the Yijian Blockchain Technology Application System; the platform seeks to increase transparency of pharmaceutical supply chain networks by tracking the flow of drugs, encrypting trading records and more easily authenticating transactions; overall it is expected to increase payments efficiency and reduce the payments timing for pharmaceutical retailers; the Yijian System is still in a pilot phase and expects to expand in July. Source
The market has currently slowed gains as speculators await more details on Trump administration policies; the Justice Department has taken its stance on the Consumer Financial Protection Bureau's appeals court hearing in May and it seems the next big announcement from the Trump administration regarding fintech is the appointment of the next comptroller; at LendIt USA 2017 Amias Gerety gave some insight on how the Trump administration views fintech and current themes in government fintech debates. Source
Financial institutions have the tools available to provide personalized digital money management, but that doesn't mean it is a simple process.
Naspers is the most valuable listed company in Africa and is now selling $10 billion worth of shares in Tencent to invest in fintech, classified and online food delivery businesses; Naspers stake in Tencent is estimated at $545 billion; this is the first time the company has sold shares in the company after initially investing in 2001. Source
“Europeans see DeFi as an alternative investment, complementary to their salary. In Latin America, it is survival,” said Diego Mazo,...
We are quickly approaching LendIt Fintech 2018 which will take place on April 9-11 in San Francisco. Lend Academy shares the three areas of fintech the agenda will focus on and some of the interesting speakers attendees will hear from. Source
After the 2008 financial crisis many banks were criticized deservedly so for their role int the crisis and the subsequent...