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@aneeshvarma | 3,783 Articles | 6 Magazines | 3,291 Followers | Founder of Aire (Alternate credit score). FinTech Entrepreneur. Angel Investor. Predictive Algorithms. ThirdCulture Citizen. Traveling Foodie. Lehigh.

Android Pay will arrive with Android M, handle payments via NFC

Google SVP Sundar Pichai may have tipped the company's hand on mobile payments back in Barcelona, but he offered little detail on how the system would work. At I/O 2015, though, the folks in Mountain View served up a wealth of details on the matter, including the announcement that Android Pay would …

Google

Freddie Mac to Make Underwriting Tool Free

In a sign that the GSEs may once again be trying to compete with each other, Freddie Mac will no longer charge lenders to use its Loan Prospector …

Freddie Mac

‘Challenger’ banks are too similar to main lenders, study says

May 22, 2015 12:01 am

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Challenger

PayPal’s Execs Describe Current Transformation as it Spins off from eBay

PayPal’s Commerce: Rewind event was held on May 21st in San Francisco where the company announced new relationships, product experiences and …

E-commerce

Hedge Funds can’t hide from the Fintech swirls

By Efi Pylarinou JP Morgan put out an opinion that hedge fund return volatility has been dampened after the crisis and that the risk/return profile …

Investing

Fintech startups: compete or collaborate with traditional finance?

Consider these two statements :

“The party’s over, for the banks at least” (Transferwise)

“Today we are announcing an exciting new partnership with …

Startups

Transferwise CEO talks fintech and bitcoin

Kristo Kaarmann, CEO of TransferWise, says that peer-to-peer currency transfer companies like his cut out inefficiencies in the traditional banking …

Bitcoin

Man cross-stitches debit card to protest replacement delay

A Santander customer made to wait more than two weeks for a replacement debit card has expressed his displeasure by cross-stitching his own replica …

Debit Cards

WePay Closes $40 Million Series D Round Led by FTV Capital

Payment processor, WePay has just added $40 million in new funding to its investment total, courtesy of a Series D investment led by FTV Capital. Also …

Investing

Stripe In Talks For New Funding At A $5 Billion Valuation

API-for-payments startup Stripe is raising a new round of funding, according to sources with knowledge of the talks. One source with direct knowledge of the talks tells us that one of the leading investors in the deal is Yuri Milner’s DST Global.

While all sources maintained that the round was …

Venture Capital

Square sets up shop in Australia

Mobile payments company Square will open operations in Australia through a new Melbourne headquarters, its fourth global hub.

Square is the brainchild …

Personal Finance (Australia)

9 Big Ideas From The Financial Brand Forum 2015

Here are nine big ideas explored at the Forum 2015 that should be shaping your financial institution's strategy.

By Taylor W. Wells, Communications …

Branding

PayPal goes back in time with 'PYPL' ticker symbol

The payment company, which has been spun off by eBay, will trade on the Nasdaq under the same ticker symbol it used more than a decade ago.

It won't …

E-commerce

Retail Banks Under Assault By Innovation, Regulation

A split-second screen shot in the newest commercial for the Apple Watch tells you pretty much everything you need to know about the future of retail banking. It’s not a pretty picture for retail bankers.

In the scene, a man buys flowers to apologize to his significant other. To pay for the flowers, …

Innovation

Ask the algorithm

Human wealth advisers are going out of fashion

AS PROBLEMS GO, the suspicion that you are being overcharged by a private wealth manager is one of the …

England

Re/code Says Samsung Bought LoopPay For $250 Million…

Samsung (particularly its payment division) had acquired LoopPay earlier this year but there was no announcement around how much it paid for the …

Samsung

You don’t have a right to know the identity of Bitcoin’s creator

Nathaniel Popper writing in The New York Times has become the latest journalist to publish a piece purporting to reveal the true identity of Satoshi Nakamoto, the mysterious creator of Bitcoin.

He writes:

Many in the Bitcoin community told me that, in deference to the Bitcoin creator’s clear desire …

Bitcoin

American Express Spinoff Goes To Cloud For IT

American Express Global Business Travel (GBT) has demonstrated one way to break free of legacy restraints — spin out from the parent company and build a new set of systems in the cloud.

Early last year Amex said that it was selling off 50 percent of GBT, which serves corporate travelers who spend …

American Express

Fintech Fundings: 14 Companies Raise $160 Million Week Ending May 15

While this week’s total of $160 million ($124 mil equity, $36 mil debt) won’t make headlines, the 14 companies raising money included a number of …

Money

New App To Attract Gen Z To Banking

If the Millennials have got away from traditional retail banking — a matter of some debate — Infosys Finacle now offers banks a shot at the next generation, Gen Z. The Bangalore-based technology provider has a launched mobile Finacle Youth Banking solution aimed at people from 12 to 18 to make …

Financial Technology

Startupbootcamp FinTech welcomes new members & Singaporean MD

Startupbootcamp FinTech welcomes new members & Singaporean MD

15 minutes ago | 101 views | 0

Startupbootcamp FinTech Singapore has appointed a new …

Singapore

Breaking: Finovate Announces The Winners For Its FinovateSpring 2015

At Let’s Talk Payments, we cover what’s happening in accelerator programs, awards and prominent events around the world. We have also been covering …

Financial Technology

Next Bank London

England

Accenture Teams with Moven to Develop Digital Banking Tools

Technology services firm Accenture has formed a partnership with "neobank" Moven to create digital banking offerings.

The partnership between the two …

Banking

PayPal to trade on Nasdaq with 'PYPL' symbol

“After May 22, 2015, the National Security Agency will need to begin taking steps to wind down the bulk-telephone-metadata program in anticipation of …

NASDAQ

Meet Visible Alpha, The Startup Five Top Investment Banks Hope Will Save Sell-Side Research

Scott Rosen has spent the last three years quietly working on one of the trickiest problems for investment banks–how to make sell-side research more useful. And with the support of five of the leading investment banks, his startup, Visible Alpha, just might be able to pull it off.

The problems are …

Startups

Growing use of APIs in finance can expose firms to new threats

With financial firms under pressure to compete with a growing number of digital-oriented competitors, the financial sector is increasingly employing …

Financial Technology

Meet ‘The FinTech 50′ – Tink

Daniel Kjellen, CEO of Tink

What is Tink’s mission statement?

Personal finance is generally something that people find boring, time consuming and …

Money

PayPal says it’s loaned $500M to small businesses in the past 18 months

PayPal revealed today that it has loaned $500 million to small businesses since its launch of Working Capital a year and a half ago.

The company says that it issues $2 million a day in loans just within the U.S. The loan service also operates in the U.K. and Australia.

Small business loans are a hot …

Small Business

Fintech firms sign up for new Faster Payments access model

48 minutes ago | 37 views | 0

The UK's Faster Payments scheme has secured commitments from six fintech firms - including ACI Worldwide and FIS - to …

United Kingdom