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FinTech Daily News – Soft launch Edition #12, 06.06.2017

FinTech Daily News

by Florin Oprea

Edition #12, 06.06.2017

Payments

Apple Launches Peer-to-Peer Payments To Take On Square, PayPal and Venmo

Todd Haselton – CNBC

Apple is launching peer-to-peer payments in iOS 11. It’s called Pay Cash and lets users send money to family or friends. They can even transfer the money right out to a bank account.

FAO: It was only a matter of time.

PayPal And Canada Post Announce Integrated Payment And Shipping Solution

CNW

PayPal Canada and Canada Post announced a new integrated payment and shipping solution for solopreneurs, small businesses and casual sellers.

Lending

Prospa Founders: Why Building A Successful Business Goes Far Beyond The Facts And Figures

smartcompany

In this piece, joint chief executives Greg Moshal and Beau Bertoli share what they’ve learnt about building the right culture for their growing business.

FAO: Interesting profiles.

Business tech

Lies, Lies, and Fintech Vendors’ Roadmaps

The Financial Brand

Vendors use product roadmaps and future enhancement lists to build a sense of optimism for bankers who are purchasing or renewing commitments to their solutions. It’s a delivery date promise meant to help bankers plan, but the fail rate on these promises is absurdly high.

FAO:  “Just thinking out loud…”

FinTech People

FinTech Australia Just Refreshed Its Board, And Appointed Six New Directors

Tony Yoo – Business Insider

Six new directors:

AgriDigital’s Emma Weston

Tyro’s Natalie Dinsdale

Airwallex’s Lucy Liu

Hyperbank’s David Ball

The Week in Bitcoin’s Alan Tsen

Proviso’s Luke Howes.

Current members Cant, CrowdfundUp’s Jack Quigley and MoneyPlace’s Stuart Stoyan remain on the board, which now boast directors from all the mainland states.

The incoming board members, who will each serve a one-year term.

Accelerators & Hubs

KPMG: China Now A Fintech Force

Feng Shuang – Ecns

If KPMG is set to launch a compilation of top 50 fintech companies in China, it indicates the new business segment has truly arrived and is poised for rapid growth, said Zhou Jun, vice-chairman of its China unit.

FAO: Asia’s current top position in FinTech is the result of a long development/investment process.

In Singapore, Fintech Boom Is Missing The ‘Tech’

Euan Black  – SE Asia Globe

As one of four managing directors at Tryb Capital, a tech-focused investment company, Marcus Gnirck explains the importance of true innovation and talks about emerging trends

Fintech is King of Lithuania’s Tech Revolution

Red Herring

Asked to name Europe’s financial technology hubs, you might take a while to reach Lithuania. But something special is happening in the Baltic state, and it’s backed by a startup ecosystem that is one of the continent’s fastest-growing.

FAO: FinTech is king not only in Lithuania, but everywhere in the Baltics. Estonia and Latvia are leading FinTech players in Europe. Check out this piece here.

Japan’s Leave a Nest Mulls Startup Hub In Philippines

Tomas S. Noda III – Deal Street Asia

Leave a Nest Co Ltd, a Japan-based science communication firm and investor, is mulling to launch a local hub in the Philippines that would focus on education, acceleration and investments in startups engaging in “deep science” and technology or “real-tech”.

Opinion

The Challenges Of Fintech

Shanu Hinduja, Vice-Chair of Hinduja Bank – New Europe

Technology is changing virtually every aspect of society and the financial world is no exception. As Vice-Chair of Hinduja Bank, I have had a front-row seat in observing these developments.

 

FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News