by Florin Oprea
Six fintech startups have secured pilots with leading banks and corporates such as RBL Bank, ICICI Bank, State Bank of India and Games2win at Startupbootcamp FinTech Mumbai’s first Demo Day.
The startups which have secured the pilots are: Doboz, Rupie, Bitgram, Canopi, Greendeck, mTrakr.
FAO: mTrakr is my personal fav…
Saloni Shukla – The Economic Times
While India is a huge fintech opportunity, it may take a long time to become the next China.
Ryan Lawler – TechCrunch
…a new analytics tool to help businesses track payments data.
Scott McCulloch – Insider
Assets of the contactless payment platform developer, which counts Vodafone and Carta Worldwide as customers, are now being marketed for sale by Metis Partners.
FAO: The company was founded in 2002 for developing mobile application and encryption technologies.
Clancy Yeates – Sydney Morning Herald
With banks also nervously eyeing fintech competitors, the dynamic is forcing banks to sharpen their focus on “digital customer acquisition”, or online sales.
Jeff Patterson – Finance Magnates
GFT, a provider of business, design, and technology consulting for the financial industry, has made a change in its top ranks, promoting longtime group executive Marika Lulay to the role of CEO with immediate effect.
As its CEO, she will also continue to lead the company’s international growth, whilst pushing a more fintech-oriented agenda. This will also see an emphasis on GFT’s cloud, artificial intelligence (AI), distributed ledger applications and support for some of the world’s largest financial institutions.
FAO: Congrats to Frau Lulay! This comes after fifteen years spent as company’s COO and board member.
Finextra and the Euro Banking Association have selected 15 of Europe’s most promising startups to present their ideas to banking delegates attending EBAday 2017, the continent’s leading payments and transaction banking event in Dublin on 20-21 June.
Patrice Worthy – AJT
Atlanta processes three-quarters of U.S. financial transactions and serves as the home for more than half the nation’s FinTech companies.
FAO: Interesting stats. Will certainly use them in future analysis.
Peerzada Abrar – The Hindu
Oracle is betting big to engage with innovative start-ups in India. From sourcing ideas to influencing direction of new product development start-ups are becoming important for Oracle to plug into the ecosystem to fine-tune its future strategies and outstrip rivals.
Financial centres in the Middle East scramble to join the fintech wave.
FAO: Last week we had good news regarding the fintech movement in the Middle East. Too bad this week other Middle East news are making the headlines…
Tony Quested – Business Weekly
FinTech company BBD, whose UK research hub is in Cambridge, is stepping up a novel incubation programme for collaborating businesses in the UK and China.
Oscar Williams-Grut – Business Insider
Crowdcube continues to be loss making, accounts show, but losses were relatively stable. Crowdcube lost £5.3 million last year, compared to £5 million in 2015.
EBAday 2017, the continent’s leading payments and transaction banking event – Dublin, 20-21 June.
via CNBC – Robert W. Baird reiterated its Outperform rating on PayPal, raised his price target for PayPal to $59 from $54.
Hanna Ziady – Business Live
From limiting particular purchases to putting aside a dedicated Uber budget, fintech is set to change the way you transact.
Anna Temkin – The Times
According to a recent study by Legg Mason, the asset management company, 46% of millennials in the UK want to do all their financial planning on a smartphone, compared with 13% of baby boomers. This reinforces another point on which the pundits agree — that millennials and fintech are natural bedfellows.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News