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FinTech Daily News – Soft launch Edition #11, 05.06.2017

FinTech Daily News

by Florin Oprea

Edition #11, 05.06.2017

Deals, Investments & M&As

India – These Six Fintech Startups Have Secured Pilots From ICICI, RBL Bank


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…

Ronit Ghose, Citi Research: India Is a Huge Opportunity For A Fintech Investor Today

Saloni Shukla – The Economic Times

While India is a huge fintech opportunity, it may take a long time to become the next China.


Stripe Launches Sigma

Ryan Lawler – TechCrunch

…a new analytics tool to help businesses track payments data.

Edinburgh Fintech Company Helixion In Liquidation

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.

Retail banking

Even Banks Are Touched By The Amazon Effect

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.

FinTech People

GFT Group Taps Marika Lulay as CEO, Eyeing Fintech-Focused Agenda

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.

Latest FinTech developments & agreements

Fifteen Startups Selected for EBAday Fintech Pavillion


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.

Accelerators & Hubs

Atlanta Tries to Build on FinTech Ecosystem

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.

Oracle Steps On cloud Accelerator To Woo Start-Ups

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.

The Race To Become Islamic Banking’s Fintech Hub (sub)

The Economist

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…

BBD Drives UK-China FinTech Incubation

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.


Crowdcube’s Revenue Jumps 48% In 2016 to £3.9M

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.

Fintech Set To Change The Way You Transact

Hanna Ziady – Business Live

From limiting particular purchases to putting aside a dedicated Uber budget, fintech is set to change the way you transact.


Millennial Money: The Young Lead The Fintech Revolution (sub)

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