After many NFC pilots and Apple Pay, Samsung seems to have cracked the code! For many in the contactless payments industry, they have had a genuine conviction each of the past 15 years: “THIS is the year of NFC!” Well, we are not sure if this year has been the year of NFC yet, and we are not willing to bet too much on whether 2018 will be one either. However, we are definitely seeing encouraging signs of maturity and collaboration in the contactless payments ecosystem. Continue reading “Samsung Pay: The Third Time’s a Charm”
Robots are coming. But don’t worry – they’re here to help. Over the next few years, chatbots will take on a bigger role within the remittance industry. Reports on the overall chatbot market show an expected compound annual growth rate of 35.2% from 2016 to 2021 – eventually topping $3 billion. However, if done right, the opportunity within remittances could be much more. Continue reading “Let’s Chat: Catering to Remittance Customers With Chatbots”
“Amazon knows something about me that a bank never will. It knows everything about my revenue, and they know my audience – that’s something that I might not even know. It lets Amazon take this risk that a bank cannot,” said Lex Sokolin, Global Director of FinTech Strategy at Autonomous Next. “Information makes risk-taking cheaper because you know who’s going to default and who’s not. It shows you how much more insidious it is to compete with a platform that truly knows you and your data.” Continue reading “Daily Review: Technology Companies Are Invading the Financial World”
The LTP Team had the pleasure of speaking with Juan E. Tavares, Co-founder & Chief Strategy Officer at LendingPoint. Juan works to distill stories from data, leverage investor relations, and nurture new opportunities in the lending market. Seizing the opportunity to bring LendingPoint to the American market, Juan points to the economy’s reshaping of the financial services industry, resulting in new regulatory environments for lenders and new challenges for consumers. We hope you enjoy our conversation with Juan as much as we did. Continue reading “FinTech Is the Ultimate Tool for Financial Inclusion and Upward Mobility”
According to MEDICI data, Germany’s FinTech landscape counts ~475 companies. While FinTech companies in Germany collected €400 million for the whole of 2016, the inflow of capital had already reached €307 million in H1 2017. The number of deals also went up, as did the average size of the deals, rising from €7 million to €7.3 million,Frankfurt Main Finance, the financial center initiative for Frankfurt am Main, reports. Continue reading “Frankfurt – An Emerging FinTech Gem in Changing Europe”
If you’ve been making the rounds pitching your upcoming ICO, chances are you’ve been rejected and labeled as not a protocol token. The protocol token thesis, outlined in USV’s blog title Fat Protocols, states that 90% of the value of the network is captured in the protocol layer which is accessible by a token native to that network. Investors love protocol tokens as they can buy in early and experience gains similar to what was seen with Bitcoin and Ethereum. Continue reading “Protocol Tokens — Good for Investors, Bad for Business”
Earlier this summer, I attended this year’s Northside Innovation Festival, a two-day conference where tech, news and media geeks learn about innovations in the mural-filled heart of Williamsburg, Brooklyn. Continue reading “Lessons from the 2017 Northside Innovation Festival”
If you haven’t heard already, a cryptocurrency called Bitcoin Cash (BCH) has shot up like crazy. It’s nearly quadrupled in value over the weekend to reach its peak of about $2400 about 24 hours back. It’s currently stabilizing around the $1200 mark. If you haven’t heard about this, it’s time for you to listen closely.
My earlier post detailed key steps to identify your audiences, create differentiated messaging and focus on building and maintaining trust to successfully communicate an ICO. Let’s now focus our attention to timing, planning, and execution in the second part of this series.
According to Coindesk, since the start of 2017 Initial Coin Offerings or “ICO”s have raised over $2.5 billion. So it stands to reason that comprehending what an ICO actually is might be a good idea. The name takes after the capital markets anachronism for Initial Public Offering (IPO) However, the two fundraising processes are very different. During an Initial Coin Offering (ICO), a company offers digital assets called “tokens” which interested parties ‘contribute’ to. These tokens allow the startup to raise funds from a huge range of investor types.