by Florin Oprea
Samidha Sharma – Times of India
More than a dozen investment banks, from Wall Street biggies to domestic heavyweights, made a pitch as the parent of online insurance aggregator PolicyBazaar and PaisaBazaar, a lending platform, steps up work on it IPO, which could value the company at over $1.5 billion.
FAO: EtechAces Marketing and Consulting, the holding company, is poised to become India’s first fintech IPO. PolicyBazaar has raised $146.6m in funding in the last 4 years. Maybe some of our Indian readers can send us some deeper thoughts on this IPO? Contact us here.
Selina Wang, Ruth David & Lizette Chapman – Bloomberg (subscription)
Toby Sterling – Reuters
Adyen is not actively preparing an IPO in 2018, a top executive at the Dutch fintech firm said last week. But Adyen’s Chief Commerce Officer Roelant Prins did not completely rule out the possibility. “We’re exploring various options, but we haven’t initiated – we don’t have banks that are working for us on this,” he said.
FAO: It depends on how markets will look next year, right? Adyen has a good business, remember that last week the company launched WeChat Pay on POS terminals after previously launching Alipay in October.
Laura He – SCMP
ZhongAn has teamed up with Hong Kong-listed Sinolink Worldwide Holdings to create an offshore arm to facilitate overseas expansion.
Damian Fantato – Financial Times Adviser
BlackRock has said it sees its investment in robo-advice as part of a business-to-business strategy rather than an attempt to go direct-to-consumer. Michael Gruener, managing director of Emea retail at BlackRock, said the company would use its stake in robo-advice firms to provide technology to existing advisers, allowing them to offer robo-advice.
FAO: The “robo-year” is almost over. How will the next year look for robo-advisors? Big funds and banks are steadily moving into this space – take Wells Fargo for example, it launched its ‘Intuitive Investor” solution last month. We expect a pretty busy year, since both Betterment and Wealthfront are aiming to launch their IPOs – check our free Archive for more info.
Nick Fitzpatrick – Funds Europe
Asset managers signaled a high level of interest in moving to a fintech provider for at least one aspect of post-trade support. Firms are attracted to fintech’s nimbleness and their innovation, research by Six Securities Services found.
Connie Loizos – TechCrunch
A storm fueled by greater awareness about sexual assault and harassment has been gaining momentum in the U.S. ever since a former Uber engineer named Susan Fowler hit “publish” on a post about her jarring experience inside the high-flying rideshare company. So many men have been swept up — and out — of their respective businesses for behaving badly that Time magazine pronounced the powerful social campaign #metoo and the women behind it as “Person of the Year.”
DNT: In our Archive you can find a lot of informations about sexual harassment scandals that hit the Valley. Do not hesitate, it’s free.
Via Benzinga – Wealth Migrate appointed Nir Golan as its new CEO.
DNT: Nir Golan has a vast experience as an advisor on corporate strategy and international business issues. Among others, he spent more than a decade at Ernst & Young, as we are informed.
SoFi is gearing up to launch a cash management account early next year after inking a payment processing and debit card sponsorship agreement with WSFS Bank. The firms have agreed a two year deal to support the SoFi Money account, which SoFi vice chairman Steven Freiberg says will “move us closer to our vision of serving all our members’ financial needs”.
Poland’s Alior Bank is stepping up its digital transformation strategy with the establishment of a fintech department, startup accelerator and Open API platform.
FAO: The bank is owned Italian group Carlo Tassara.
As the dust of the afterparty settles for the 12 of 13 graduates of F10’s P2 Program Demo Batch II Day, the Swiss FinTech Incubator and Accelerator announced that the second Demo Batch Day had been its biggest yet, with over 400 attending.
John Ballard – The Motley Fool
PayPal stock is up 89% over the last year as the mobile payment leader continues to post consistent high growth in revenue and total payment volume as more consumers shift to e-commerce.
FAO: A good year after the launch of several new features. For example, in October PayPal and Facebook announced they were implementing PayPal into P2P payments on Messenger.
Lawrence Wintermeyer – Forbes
With the growth of FinTech across the Gulf Cooperation Council and generally across the Middle East and North Africa, it is impressive to see what the regional ecosystem has achieved in the past year.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News