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FinTech Daily News – Soft launch Edition #14, 08.06.2017

FinTech Daily News

by Florin Oprea

Edition #14, 08.06.2017

Deals, Investments & M&As

Anders Holch Povlsen Bought A Tenth Of Klarna

Oliver Pechter – Business Insider

The co-founder of Klarna, Niklas Adalberth, continues to sell shares in his company.

His most recent tranche has been sold to Danish fashion magnate and billionaire Anders Holch Povlsen, also known as the country’s 2nd richest person.

FAO: Diversification…Povlsen is also a major shareholder and board member in e-commerce company Zalando.

Plynk Has Raised €25m

Gordon Hunt – Silicon Republic

In one of Ireland’s largest ever Series A funding rounds, Plynk has raised €25m.

FAO: Plynk is a money messenger app.

Desmarais Empire Seeks Fintech Transformation From Outside In

Sandrine Rastello & Gerrit De Vynck – Bloomberg

Canada’s billionaire Desmarais family has come up with a novel approach to fend off the technology startups that threaten its financial services empire: Bring the enemies in and invite them to attack.

Waves Platform and ICO Hub Launch Pre-ICO Startup Challenge

Alicia Naumoff – The Cointelegraph

Waves Platform allows anyone to set up their own digital token and use it in an ICO.

Wealth & Personal Finance

CreditEase Wealth Management Expanded in Singapore to Poise for Fintech-driven Globalization

PRNewswire

Leading Chinese Fintech and wealth management company, CreditEase announced the opening of its new Singapore office in the Asia Square Tower.

Retail banking

Atom Bank Enters NI Market

Matthew Ord – Insider Media

Durham-based Atom Bank has entered the Northern Irish market by striking up a partnership with Clearpath Finance.

FAO: Yesterday we reported that Atom postponed the current-account launch.

FinTech People

Deloitte’s COO Explains Fintech

Frank Chaparro – Business Insider

Fidor, the innovative provider of digital banking solutions, further strengthens its global leadership team by announcing today the appointment of Geert Ensing as interim CIO.

Swiss Fintech Giant Cuts a Third of its Jobs

Finews

Centralway Numbrs, the Zurich-based fintech, plans to launch a global banking platform. But first, the company will cut or relocate a third of its jobs.

FAO: That’s quite a move.

via Lend Edu – Dan Macklin, VP of Community and Member Success at SoFi, has officially left the online lending startup.

Latest FinTech developments & agreements

FinTech50: London Continues To Dominate European Scene

Finextra

The Brexit cloud may loom large but, for now, the UK remains at the centre of Europe’s financial technology scene, home to nearly two thirds of the firms that make it into this year’s FinTech50.

Here Are The 50 Hottest Fintech Firms In Europe Right Now

Neil Ainger – CNBC

The 50 names selected for the 2017 list include U.K. challenger banks Atom and Monzo; German competitor N26; and technology providers such as Iwoca (U.K.); NetGuardians (Switzerland); Fenergo (Ireland); and Traxpay (Germany).

KPMG: Ranking of 50 Top Fintech Companies in China for 2017 Kicks Off

JD Alois – Crowdfund Insider

China is the largest Fintech market in the world led by conglomerates like Alibabay (Alipay, Ant Financial etc.), Tencent and more.

Hong Kong’s Central Bank Inks FinTech Pact with Shenzen in China

Samburaj Das – crypto coins news

Hong Kong is looking to gain expertise from the world’s largest FinTech market in China, a country which sees some 500 million people, over 40% of its population, adopt FinTech payment methods.

Regulation

ESMA Responds To Commission Consultation On Fintech

ESMA

The European Securities and Markets Authority (ESMA) has sent today its response to the European Commission consultation paper on “Fintech: a more competitive and innovative financial sector”, welcoming the initiative to take a stock-take of the EU’s Fintech industry.

Accelerators & Hubs

The Best Startup Accelerators Of 2017

Alex Konrad – Forbes

For the second year in a row, SARP ranked the accelerators by tiers rather than a numerical ranking. The big winners are AngelPad and Y Combinator, for which the researchers created an entirely new tier, “Platinum Plus.”

What Does Scotland Need To Do To Be A Fintech Leader?

The Scotsman

Opinion

The Inescapable Fintech Revolution

Therese Torris – Crowdfund Insider

Big consultancies, such as PwC, Cap Gemini, KPMG, Deloitte and Accenture, research and analyze fintech developments to support the digital transformation of their banking customers.

 

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