Santander launches $100m fintech fund

Fintech firms struggling to get funding could now look towards Santander as a possible investor. The bank has announced a venture capital fund which despite being London-based will have a global remit. Santander has said that the fund isn’t just for fintech. It will also be used to invest in technology that “ensures Santander’s customers world-wide benefit from the latest know-how and innovations”. Corporate venture capital Banks currently only provide ... read more

The time is ripe to change the banking system

by Chris Skinner on 01 July 2014 I was surprised the other day when Financial News named me as one of the top 40 most influential innovators in financial technology, alongside friends including Sean Park, Matteo Rizzi and Nektarios Liolios.  It is gratifying to get recognition, and places me amongst 30 London-based influencers of note. It is this latter point that is worthy of further debate. There are plenty of innovations taking place in ... read more

Gamification is the game for Banks.

Why all banks will gamify over time by Chris Skinner on July 2, 2014 in Bitcoin, Digital Bank, Innovation 0 Why all banks will gamify over time.  A great post from Chris who flags up a few players in this space today – Barclaycard, mBank, Garanti, Moven and Fidor but this will move into the mainstream bank structures over time. The idea being that you want to incentivise customers to save or not spend, to budget better, to ... read more

Paypal at Crossroads (? buying Blackhawk)

on June 25, 2014 by tomnoyes. Big things are in store for my favorite eCommerce payments company. Really, I do like Paypal. I may ding them on their POS strategy… as it makes no sense at all… but I love Paypal online.. the “original” ecommerce payments solution that adds value to merchant and consumer. In 98/99 Thiel and Levchin were the first to dream up digital wallets, and first to solve a REAL ... read more

Monitise buys voucher firm in £55m deal

A former assistant to chef Gordon Ramsay at Claridge’s who went on to set up his own mobile voucher company today made a fortune when he sold his business in a deal worth up to £55 million. Mark Pearson, a 34-year-old from Surrey, founded Markco Media, which owns and Last Second Tickets. He set up in 2006 and it has coupon and voucher deals with a string of ... read more

German FinTech Kreditech Raises $40M at $190M Valuation

Kreditech Raises $40M - the largest funding round ever for a German FinTech Hamburg, Germany, 24 June 2014 – The big data finance company Kreditech has closed a Series B round that raised 40 million USD in primary investment from new and existing global investors. This is the largest funding round ever for a German financial services technology company and one of the largest rounds in Germany in 2014. The lead ... read more

Cloud Wars Dropbox vs Box

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Carlyle closes financial services fund at $1bn – The US firm spent three years on the road.

Carlyle Group has raised $1bn (€734m) for its second fund focusing on investments in financial services after three years on the road. The first financial services fund closed at $1.1bn in 2008, with a view to picking up assets from banks and insurance companies looking to downsize as a result of the financial crisis. However, the prolonged fundraising of the second fund reveals the doubts about the size of the ... read more