Cards

SIA Announces Completion of the Acquisition From Unicredit of E-Money Processing Activities in Italy, Germany and Austria

CEO Massimo Arrighetti: “This operation, sustainable from an economic and social perspective, allows us to strengthen our European leadership and to grow in size.” The acquisition – effective from 1st January 2017 – concerns the management of around 13.5 million payment cards, 206,000 POS terminals and 12,000 ATMs of UBIS Milan,...

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Authentication & Security

ICOs and the Consumer-Side Impact of DLT

Over the past two years, distributed ledger technology (DLT) has seen tremendous interest by investors and financial institutions alike. There have been numerous variants of the technology coming up, both on the enterprise and consumer side. However, owing to the ecosystem scale of the technology, it is not surprising that...

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Financial Inclusion

A Look at the US' Financially Underserved Market and Opportunities

Low-income consumers in the US face personal, institutional and policy-related barriers to access the financial system. These underbanked consumers rely heavily on fringe financial service providers to conduct routine financial transactions and pay high fees in the process. The Center for Financial Services Innovation (CFSI) is the definitive voice on US...

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Fintech

What's in Store for RegTech in 2017?

RegTech has been a famous buzzword in 2016 and the industry – banking and FinTech alike – is looking eagerly at 2017. RegTech is comparatively a new term used in FinTech to describe a set of companies and solutions that address regulatory challenges across industries, including financial services, through innovative...

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Accelerators

Y Combinator-Backed Nigerian FinTech Startup Paystack Closes on $1.3M Seed

San Francisco, USA – Monday 19 December 2016 – FinTech startup, Paystack, announced that it had closed on a seed investment of $1.3M from international investors Tencent, Comcast Ventures and Singularity Investments, with participation from Spark, M&S Partners, Tokyo Founders Fund, Blue Rinc Capital, Pave Investments, KIBS-CFY Partners, Michael Siebel,...

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InsurTech

5 Cs of Opportunity in InsurTech

Insurance globally is an industry with scale, with USD 4.1 trillion dollars of premium written in 2015 alone.  It is also an industry on the cusp of change – attracting investor interest in record numbers with investments totaling USD 1.4 billion on InsurTech firms in just the first three-quarters of 2016. However,...

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Blockchain

The New Global FinTech Mumbai Event: RegTech and Blockchain

On December 21, LTP in partnership with Opus Consulting organized a FinTech meetup in Rise Mumbai called “The New Global FinTech Event: RegTech and Blockchain.” The meetup had attracted over 100+ audience members from Mumbai. The attendees were a mix of bankers, startups and technology aficionados. The theme was centered on...

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Insights

Will IBM Watson Endanger RegTech Startups in 2017?

IBM Watson is probably one of the wonders of modern technological advancements and a crown jewel of the IBM Corp. The company made its bet on advancing Watson to swoop into a range of industries and in the nearest future, IBM could become the primary player across verticals that startups...

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