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Startup Financial Services Companies Raising Significant Sums

A Crunchbase blog post that highlights (using their database) some of the more significant venture rounds in FinTech.

Since the beginning of 2013, venture investors committed over $800 million in new funding to develop businesses providing new investment,...…

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Thomson, Fidelity to Create 'Sandbox' for Fintech Startups

Great news David Jegen - one of our lovely co-investors!! Well done for starting to stitch this together..

“Fintech entrepreneurs have a unique problem, which is the high cost of data to help them build applications,” said David Jegen, managing...…

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Whither the mobile wallet?

700 mobile payments start-ups on Angel List, ISIS adding 20,000 new customers per day in April, Apple rumours of NFC in the next iPhone.....

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Barclays introduces digital experts

7,000 "Digital Eagles".....oh dear! The twitter-sphere disagrees with me and thinks they are FAB...

Barclays has announced a new scheme that places 7,000 experts, known as 'Digital Eagles', in branches to take questions and offer advice...…

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How Wal-Mart and Google could steal young customers from traditional banks

We've blogged a lot about this, but there are some good charts and some easy to digest stats in this well writen Washington Post article.

It used to be that the JPMorgans of the world only worried about losing customers to Wells Fargo or Bank of America. But that universe of...…

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Modi's To-Do List: Priorities For A New India

Forbes notes that Financial Services reform makes it onto Modi's to-do-list..

Other challenges include a proposed change to the act that governs the Reserve Bank of India , which would, among other things, remove...…

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It has been 20yrs since the WSJ went online!

Seems like yesterday.. Hilarious reading this today and seeing quotes like "updates will be refreshed periodically" and "will provide...

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A Sad Day For Patent Reform. A Bad Day For Innovation.

Mr. Brin was right, but sadly the Troll's had a win this week with the news that the bi-partisan patent reform bill won’t be moving...

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Google’s Brin Wants to Ban Patent Trolls

Having been sued by a patent troll I couldn't agree more with Mr. Brin..

Google co-founder Sergey Brin took square aim at the shortcomings of U.S. patent law during his onstage interview at the Code Conference,...…

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Intuit buys Check for $360 million

"Intuit said Tuesday morning that it had acquired Check, a company that makes a mobile app that lets its customers track and pay for all...

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Credit Suisse Proves It Really Is Too Big To Jail

Credit Suisse will have to let an independent monitor keep an eye on it, but that's a minor inconvenience at worst. No wonder the share...

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BNP Paribas warns U.S. sanctions fine could exceed provision

BNP has alerted the French government that the fine related to their breaking sanction controls with countries like Iran and Sudan may...

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Ex JPMorgan China banker questioned in HK

Such cases can be hard to prove, as companies often recruit people who have family connections to politics – in the US as well as in...

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Bank of America probed for ties to money laundering

The depth and complexity of all the "Know Your Customer" (KYC) and "anti-money laundering" (AML) rules, regulations, and compliance...

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Not too big to jail

A big financial firm pleads guilty to a criminal charge and lives to tell the tale.. The prevailing wisdom has been that no financial...

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The banker, the strippers and the UBS deal that went sour

Naughty Naughty

According to court documents, Mr Bracy allegedly arranged for four strippers to be paid $5,600 each (£3,325) and was also invited on a...…

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FinTech Collective Supports PlayRugbyUSA

I have been involved in PlayRugbyUSA for some time and so I was extremely proud of the write-up they got this week in the NY Times!...

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Andreessen interview - In 20 years, we’ll talk about Bitcoin like we talk about the internet today

"The investor and Web browser pioneer Marc Andreessen thinks we'll all look back in 20 years and conclude that Bitcoin was as influential...

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Cash Continues to Play a Key Role in Consumer Spending

With all the chat around cryptocurrencies, debit and credit cards, it's often easy to forget about CASH!

This report makes for...

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HOW RIPPLE LABS SIMPLIFIES B2B PAYMENTS

More conversation in this podcast around the "internet for value exchange". The CEO of Ripple, another math-based currency...

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Kensho - Betraying the Brotherhood?

Just like our portfolio companies: Reonomy, Quovo, Reorg-Research and TradeBlock - Kensho are bringing transparency to traditionally...

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Indiegogo Pulls In Additional Investment From Max Levchin, Sir Richard Branson And Others

This week saw more celebs pile into a platform that, along with kickstarter, is helping to educate the broader population about crowdfunding

Following a massive $40 million Series B, Indiegogo has just announced it has secured additional investments from Sir Richard Branson,...…

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HSBC and UBS ramp their investment in fintech

In addition to many other bulge bracket banks, HSBC and UBS are the latest to dedicate resources for developing and investing in the next...

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Algorithm Appointed Board Director

According to Deep Knowledge Ventures, Vital (the algorithm) has already approved two investment decisions.

I wonder how the...

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China Banks Drained by ‘Vampire’ Internet Funds

Amid all the hype over Alibaba's planned IPO, one detail has been overlooked. The blockbuster deal, which could be the biggest Internet...

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On the Wings of Eagles

Eaglewood Capital was the first leveraged fund in the P2P space and the first to securitize P2P loans.

UK-based $18B Manager, Marshall...

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Peer-to-Peer Lending Tax Discounts Introduced in the UK

We had heard whispers of this... Her Majesty's Treasury has announced that as of July 1st, 2014 peer-to-peer lending is being given tax...

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UK Alternative Finance Market 2013

Liam Collins of Nesta, Richard Swart from the University of California and Bryan Zhang from the University of Cambridge pulled together a

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Deutsche Bank opens sub-branch in Shanghai free trade zone

Shanghai's free trade covers an area of 29 km2, and offers financial firms a streamlined registration process by cancelling out a...

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Smaller China banks step up shadow lending activity

This article was brought to our attention by Collective Member David Stewart.. Stories like these can't be good.

"For Bank of...

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Barclays axes 19,000 jobs, reins in Wall Street ambitions

That is a lot of jobs gone...probably never to return! The most telling quote was that "the trading boom was not just a cyclical ebb...

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Governor Cuomo Announces New Cyber Security Assessments for Banks

Glad to see the Governor and his mates aren't just worried about bitcoin.. You can get your hands on the report here

Governor Cuomo today announced the release of a cyber security report that shows the growing risk and sophistication of cyber attacks...…

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Building usefull stuff ontop of the Block Chain

Here is a really interesting example of a tool that has been built on top of the bitcoin "rails". Monegraph allows digital artists to...

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Target Breach Puts Gemalto CEO in High Demand in U.S.

Card Manufacturers love these security breaches.. Of the 1 billion cards issued in the U.S., only about 2 percent have EMV chips..

...

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MasterCard Announces its Partnership with FinTech Collective

Proud, humble and excited to be working with Stephane and team.. What a great opportunity!

MasterCard says that companies participating in the program will have "direct access" to the company's wealth of knowledge and...…

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Peer To Peer Lending Marketplace Prosper Raises $70M

It's been a big week for the alternative lending platforms here in the US..

Prosper.com, a peer-to-peer lending marketplace in the U.S., has raised $70 million led by Francisco Partners, a private equity firm with...…

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JP Morgan Backs an Online Broker, Motif Investing

JP Morgan and Goldman Sachs invest in an upstart online broker, in total Motif has raised over $86 million.

Motif Investing, based in San Mateo, Calif., opened its doors in 2012. The company lets investors buy a basket of stocks centered on a...…

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Kabbage raises $50M hot on the heels of closing a $270M debt facility

These guys are on fire..

The financial services startup today announced that it’s raised a $50 million funding round. This new investment comes one month after...…

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Lending Club and Union Bank create a strategic alliance

Lending Club continues to explore new avenues for growth. In April it announced the acquisition of Springstone Financial. Yesterday...

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Drug cartels are ruining Cinco de Mayo

Celebrating Cinco de Mayo will be slightly different today. This article from CNN explains why there will be a lemon and not a lime in...

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Gradually, Then Suddenly...The Course of Secular Change

Three charts which show the velocity of change on (1) analog photographs (2) music industry (3) Windows operating system

“Gradually, then suddenly.” That’s how Hemingway described the ill fortune of a bankrupt in The Sun also Rises. It should probably be...…

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Loans That Avoid Banks? Maybe Not

A great NY Times article sent in by Rob Foregger over the w/e. There is even a whiff of High Frequency Trading in there too with some...

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SWIFT Will Be Dead in Three Years Time

...according to Udayan Goyal who cited Fidor Bank's use of Ripple to move money between countries, saving money and circumventing Swift...

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MasterCard lobbying on digital currency bitcoin

Nothing earth shattering here, but interesting to see the big players starting to get themselves educated.

The payment giant is the first company to officially lobby on the virtual currency, according to federal disclosure records. In a...…

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Eastern Bank hires ex-PerkStreet team

Dan (in the fabulous picture below) and I go way back and so it was great to catch up with him last week in NYC and hear about some of...

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