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You may not have heard of the term “Silicon Alley,” but I am sure you are aware of the game-changing financial technology that is emanating from it. “Silicon Alley” was initially coined in the mid-1990s as a way to group media startups housed around the Flatiron neighborhood of Manhattan. I hope that doesn’t give you dot-com bubble flashbacks because, now, this same location is a hotbed of investme...

April 29, 2019

Venture capital investors in the United States are increasingly interested in Asia because of the region's promising and strong growth, according to Enterprise Singapore assistant chief executive Edwin Chow.

Mr Chow was part of an industry panel at a media briefing last Friday. The panel also included Antler CEO and founder Magnus Grimeland, National University of Singapore deputy president of innov...

April 22, 2019

As we all know by now, data is valuable.  The more data a company has about you, the more power it has over your decision-making.  In today’s big-data driven economy, the companies with the most data have the most power.  So it is unsurprising that companies recently have been jockeying over who controls, and has access to, consumer financial data.

In recent months, major banks including J...

April 15, 2019

Bengaluru: PayU, an online payment service provider and Naspers’ fintech arm, on Friday announced the acquisition of Wibmo, a Silicon Valley startup that works on digital payment security and payment enablement on smartphones. The deal was valued at around $70 million, according to a statement by PayU.

Post acquisition, Cupertino-based Wibmo will continue to operate and serve all its clients as a wh...

April 8, 2019

Viennese crypto and fintech firm Bitpanda has received a payment service provider license from Austria’s financial regulator. The development was reported by Cointelegraph auf Deutsch on April 4.

The license has reportedly been issued to Bitpanda Payments GmbH by the Austrian financial market authority (FMA) in accordance with the European Union’s Payment Services Directive 2(PSD2)....

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