Online money transfer service WorldRemit has raised $100m in a Series B funding round led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners. It is the second major funding announcement in recent weeks in the money transfers market following the news that Andreessen Horowitz back Transferwise collected

Digital technology and pervasive access to the Internet have reshaped many industries, and banking is no exception. Hampden and Co is the latest in a short but growing list of digital-only banks operating not out of bricks and mortar, safes and strongboxes, but entirely virtually — in the realm of

The world’s shoppers have spoken, nothing will get in the way of a good bargain – certainly nothing as porous as a national border. Now a new study by Forrester Research (commissioned by FedEx) reveals some of the forces underpinning the shift. The report is available as a whitepaper called “Seizing

Crowd sourcing platform DesignCrowd,  announced that it has closed a new $6M ‘Series B’ capital raising in a round lead by Daniel Petre and Craig Blair’s news Australian venture capital firm AirTree Ventures. Existing investor Starfish Ventures  which previously tipped $6M into the company  is also participating and the new round brings DesignCrowd’s

Marketing tech is meant to assist merchants in tailoring their offering to consumers but its seems Australia’s biggest online retailers are not getting the message. A study of the country’s 50 top ecommerce sites suggests that generic messaging remains the norm, for now. According to the researchers, “We discovered that

Research by McKinsey and Company suggests that the Chinese consumers are comfortable with a future of digital only banking. A new study says more than 70 per cent of respondents would consider opening an account with a pure digital bank. Nearly the same number would consider making a digital bank

Webank, the private internet bank of Chinese ecommerce giant Tencent has issued its first loans. The banking licence was approved in the middle of last year, heralding the entree of China’s dotcoms into the core banking system. Tencent owns 30 per cent of Webank with Baiyeyuan Investment and Liye Group the

As priorities shift from cost containment to growth, digital channels are at the heart of retail banking plans to drive revenue, according to a new survey by Ovum. “The need to grow topline revenue through sales and customer conversion rates is driving investment into digital channels,” says Kieran Hines, Practice

Global retail ecommerce sales are set to increase their share of the $22.5 trillion global retail spend growing from 5.9 per cent in 2014 to 8.8 per cent by 2018. While that will still be less that one in ten of an estimated $28.3 trillion retail dollars, it nonetheless represents

A survey of 60 global financial services leaders has identified what TheFinancialBrand is describing as the top ten retail banking trends for 2015. According to the study, applying analytics to improve customers services, accelerated digital deploymentment and a mobile first strategy top the list. Writing on Jim Marous, publisher