GENERAL FINTECH

Indian fintech startup NeoGrowth has raised $35m in a new financing round backed by Mumbai-based asset manager IIFL. Existing investors, including Quona Capital’s Accion Frontier Inclusion Fund,...

European private equity firm Innova Capital has backed Polish e-payments business Polskie ePlatnosci(PeP). The firm said it intends to use the business as a platform...

Mumbai-based venture capital firm India Quotient has backed wealth management app WealthTrust with an undisclosed amount in seed funding. WealthTrust will use the new funds...

With a large section of Egypt's population being under served in their access to financial services, the country is emerging as a hotbed for fintech ventures. Read more: www.entrepreneur.com

Digital transformation for greater financial inclusion. Banco Popular Dominicano has led financial innovation since its founding 52 years ago in the Dominican Republic. Read More: www.worldfinance.com

Singapore is rushing to reinvent itself as Asia's financial technology hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. Read more: www.business-standard.com

Deutsche Bank, Germany's biggest bank, is spending €750 million for its digitisation by 2020. Read more: uk.businessinsider.com

BT survey reveals increasing use of digital channels for insurance transactions. Read more: www.insuranceage.co.uk

Eschewing the usual accelerator route, JPMorgan is setting up an 'in-residence' programme for fintech startups. Read more: www.finextra.com

Bitcoin is an interesting experiment that is no threat to the banking system. Read more: blogs.wsj.com