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Bank Indonesia draws up rules to monitor fintech

Ida Nuryanti, policy and payment system supervision director at Bank Indonesia, on Thursday said the central bank would issue new...

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Jim Rogers invests in fintech bank

ITF, a fintech bank that U.S. investor Jim Rogers has invested in, will set up its headquarters in Hong Kong and aims to start operating...

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Digital Insurance Group accelerates leadership

Last month, Digital Insurance Group won 3 awards for its KNIP product, which is now back in its #1 leadership ranks and also scoring...

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Tencent Will Sell You Insurance — in Its Apps

Competition in China’s fast-growing online insurance industry is intensifying, as tech giant Tencent Holdings Ltd. recently secured a new...

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The rise and rise of chatbots

Despite enormous advantages, most chatbots fail because of an unclear purpose and poor planning, warns a Forrester analyst

Chatbots promise to be cheaper, faster and better than their human alternative. No wonder then than businesses from banks to retailers...…

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Free stock trading app looks to take Asia by storm

“For us, it’s a very important move. It’s the first time anyone in Asia has done it,” says Mikaal Abdulla. “But the logic is very simple:...

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can peer-to-peer insurance really work?

Like with many innovations not all succeed, one of them failed, guevara, several others pivoted. In general it seems a complex model to...

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Featurespace Raises £16.5M in Funding

Cambridge based machine-learning driven fraud prevention startup Featurespace has raised a £16.5m funding round led by Highland Europe

Featurespace Limited, a Cambridge, UK-based provider of a machine-learning driven fraud prevention solution, raised £16.5m in funding. ...…

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Amazon Could Be Your Lender, Too

Amazon has been engaging with banking regulators over the past two years and is rumored to be considering starting a consumer lending...

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Smartphone mortgages — convenient, but dangerous

Like with all online and digital solutions there are not only positives, however if you list the negatives of the traditional offline...

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India: Policybazaar raises $75m from existing, new investors at $500m valuation

India based online insurance comparison portal PolicyBazaar raised a $75m Series E led by Temasek and Tiger Global

Online financial services portal Policybazaar, run by EtechAces Marketing and Consulting Pvt. Ltd, has raised Rs500 crore, roughly $75...…

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Insurtech CoverWallet Secures $18.5 Million to Expand Small Business Insurance Platform

New York based digital business insurance agency CoverWallet raised an $18.5m Series B led by Foundation Capital.

Digital business insurance agency CoverWallet said it has closed a $18.5 million Series B funding round led by Foundation Capital with...…

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Islamic finance must expand into fintech

This would be in line with the Fourth Industrial Revolution (4IR), where individual technologies are rapidly developing...

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EU to implement electronic ID for residents to accelerate adoption of e-government services

Starting with digital ID for governments, it could also accelerator the online on boarding and KYC process of clients.

The heads of EU member state meet in Talilnn, Estonia, to discuss digital issues. The European Union’s member states signed a sweeping...…

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IMF Could Issue International Cryptocurrency to Replace Dollar?

Wall Street Journal indicates that IMF may issue its own cryptocurrency as new reserve currency.

According to the Wall Street Journal, the world may soon have an international cryptocurrency in response to Bitcoin. The story comes as...…

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Ping An Launches 10 AI+ Innovative Services

Ping An Insurance China announced the launch of 10 innovative services backed by the world’s leading AI technology. The services are...

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Asean banks complete trial of KYC blockchain

OCBC Bank, HSBC and Mitsubishi UFJ Financial Group (MUFG), together with Singapore's Infocomm Media Development Authority (IMDA), have...

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Bloomberg unbundles chat to take on Symphony

Too be expected...every industry is the same, banking, airlines, etc. First an attacker, incumbents do not react, followed by action of...

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P2P lender Zopa set to reopen to new investors

Loans platform says it will take on lenders by the end of this year. OGC portfolio company, Zopa, the UK’s first peer-to-peer lender, is...

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Artificial intelligence is about the people, not the machines

Where human intelligence outperforms AI...

It takes money to make money and right now a lot of that money is going into the development of artificial intelligence.  From hedge...…

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Asian Fintech Expands to U.K.

TNG will invest $20 million to launch a local electronic wallet in the United Kingdom becoming the first Asian financial technology...

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A Missing Piece in China’s Economy: Consumer Credit Ratings

A lack of a single accepted standard, like FICO, is hampering access to credit for some 500 million potential Chinese borrowers.

Mr. Fine’s work with Beijing-based Finup Credit Co. is part of a scramble to plug a gap in China: The world’s second-largest economy...…

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ZhongAn launches insurtech concept to world

ZhongAn the online Chinese P&C insurer has sold 5.8bn policies to 460m customers over a 3yr period, an almost unfathomable sales...

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The changing Lending Landscape

Nice overview of the lending landscape also showing how it has changed. Perhaps the most important shift in online lending is the growing...

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