by Florin Oprea
Jeffrey Kutler – Institutional Investor
Here’s the talent that made Institutional Investor’s 2017 Fintech Finance 40 ranking, a group that’s helping to move innovative ideas from the laboratory to commercial viability.
FAO: The latest article signed by our reader, contributor and friend, Jeff Kutler, Editor in Chief, Global Association of Risk Professionals, Senior Contributing Editor, Institutional Investor.
Payments solutions firm Razorpay said it has raised USD 20 million in funding led by Tiger Global and Y Combinator. The series B round also saw participation from Matrix Partners. The company has raised USD 31.5 million till date, including from the present round.
FAO: The round was previously discussed at the end of last year – here’s the respective December edition.
Reuters Staff – Reuters
Ant Financial has received approval to issue consumer credit-backed securities to institutional investors and the securities are currently in the pricing process.
FAO: Taa-daaaa. Jack’s back(ed), again…after a short break in December – more details here.
Sophie Guibaud – International Business Times
Fidor Bank’s Sophie Guibaud says some banks are doing the bare minimum to comply and most are unprepared for the opportunities PSD2 brings.
FAO: Oh, this will be fun. Can’t wait for it. Who said Europe is boring?
Tatjana Kulkarni – Banking Innovation
Based on the new report by CB Insights, which looked at top bulge bracket budget banks, Goldman Sachs, Credit Suisse and JPMorgan are three most active banks when it comes to M&A activity in the fintech space, while the largest fintech investors are Citibank, and again JPMorgan and GS.
FAO: Yes, we would have said Goldmans’ too, without too much thinking. Anyway, you might want to check our FREE ARCHIVE for many of the 2017 reported deals.
Jon Evans – TechCrunch
Everyone is looking for lightning-rod reasons to hate the Valley right now.
Via Crowdfund Insider – Online lender Lendix added three new Executives to management team: Amandine Houpe, former Financial Control Director of M6 Group, Francis Wenstrup, former Senior Operations Manager at OnDeck, Philippe Lapeyre, former Chief Risk Officer of TIP Trailer Services.
Via News Of Bahrain – Bahrain Fintech Bay named Khalid Esam Saad as new Chief Executive Officer.
DNT: Khalid was previously a Business Development Manager for the Bahrain Economic Development Board for 8 years, the story reveals.
Via Independent – First Derivatives appointed Donna Troy to its board. Ms Troy currently holds non-executive roles at Pivot3 and TIBCO.
Jessica Combes – CPI Financial
IBS Intelligence has been selected by Thomson Reuters to provide its research on fintech to 60,000 buy-side professionals in 13,000 firms and 7,500 corporations worldwide, reaching over 2,000 corporations globally having access to the Thomson Reuters research platforms.
Nikki Sun – Nikkei Asian Review (subscription)
China will support only those fintech businesses that benefit the real economy, a top regulator says, as the government becomes more cautious about the financial risks encouraged by the fast-growing sector.
FAO: Hmmm, which one is that? The real economy is the people’s economy, right? Especially in the People’s Republic of China…You might also want to read today’s edition of Blockchain Daily News to find out how China is eagerly “fighting” its own people…read the first two headlines, you’ll get it.
Daniel Ren – SCMP
Regulation of new fintech China should be designed to take into account the differing nature of the technology itself as well as issues of financial stability to create consumer confidence, according to a top investor in the disruptive technologies.
Waheed Abbas, Khaleej Times – ZAWYA
The UAE continued to dominate the startup industry in the Mena region, both in terms of deal counts and value in 2017. According to the Mena Annual Venture Report for 2017, UAE startups secured $400 million (Dh1.47 billion) or 84% out of the $475 million (Dh1.74 billion) raised by regional startups last year
FAO: But still, the competition in the region is escalating. And we like competition, and especially to report about it.
CNBC Africa (video)
Austin Okere, Founder, CWG and entrepreneur in residence at Columbia Business School and Olusola Teniola, President of the Association of Telecommunications companies of Nigeria discusses the trends that will shape these sectors in West Africa.
FAO: Happy to have finally picked up some more news from Africa.
Jane Li – SCMP
Qudian has seen its New York shares tumble sharply since listing in October, prompting an apology from CEO and founder Luo Min who says he regrets not doing a better job of communicating with the media to counter criticism levelled at the company. Luo conceded it was “wrong” to turn away media interviews during a sensitive period when critics lashed out at the firm and other lenders, accusing them of exploiting vulnerable students and blue collar workers with ultra high interest rates.
FAO: Looks like some want to learn it the hard way…And it was pretty hard, considering a more than 50% decline in the company’s stock price.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News