by Florin Oprea
Digital Journal (press release)
Behalf announced that it has secured $150 million in debt financing led by a private investment fund managed by Soros Fund Management. Viola Credit also participated in the Debt Financing.
FAO: Reading these lines I am sure you are thinking of what is Soros doing these days? Is he selling? Is he buying? Hmmm…
Julie Verhage – Bloomberg (subscription)
The payments world was taken by surprise when EBay announced plans to shift payment processing from longtime partner PayPal Holdings Inc. to Adyen BV, a global payments company based in the Netherlands.\
FAO: They usually say: “the trend is your friend”…
Brandon Kochkodin, Suzanne Woolley & Ben Steverman – Bloomberg (subscription)
The web sites of two of the country’s biggest robo-advisers – Wealthfront and Betterment – crashed as the S&P 500 Index sank 4.1%. Complaints quickly spread across Reddit and other Internet sites from people who had trouble logging onto their accounts.
DNT: Mayday, mayday…. Humans still needed!
Benedict Nielsen – Financial News (subscription)
Michael Kollo an executive at a large asset manager recently said that fintech was “not a game changer” and that fintech companies are too small for the funds industry to work with. They should focus on pedestrian matters rather than think big, he said. I do not agree.
DNT: Benedict Nielsen is right. Fintech is and will continue to be a game changer. Just read Fintech Daily News and convince yourself.
FAO: “Pedestrian matters” he says, hmm…
Tom Turula – Business Insider
Stockholm’s hot fintech scene is about to get hotter as Revolut arrives in the Swedish capital to launch its Nordic expansion.
Nikolay Storonsky, co-founder and CEO, says the company wants to show the Nordics that “banking can be done different to the benefit of customers.”
Ben Ng – Ejinsight
The banking industry is being disrupted by innovative fintech startups who are digitally driven, customer-centric and leveraging the cloud. With billions of dollars poured into fintech startups, traditional banks are realizing that they need to ramp up their innovation in technology in order to survive.
Rosie Murray-West – Financial Times Adviser
Triodos Bank has launched its own crowdfunding platform, offering a range of bonds and equities issued by organisations focusing on positive social and environmental impact.
The platform, www.triodoscrowdfunding.co.uk, is the first to be launched by a bank, and will allow investors to hold the investments in an Innovative Finance Isa.
Cromwell Schubarth – Silicon Valley Business Journal
DNT: Here is what Bloomberg TV reporter Emily Chang is saying about her book ‘Brotopia’. Sounds more than interesting.
FAO: I am sure you are acquainted with this topic – use our FREE ARCHIVE to check previous coverage on this.
Cybersecurity takes top billing in the European Union’s upcoming Fintech Action Plan, with a draft emphasising efforts to improve cooperation and coordination between market participants and regulators.
FAO: Good! In an increasingly digitalized finance industry cybersecurity ought to be at the top of the list.
Aron Szapiro – Morning Star
There has never been a better time to be an individual investor. Investors today have access to advice from highly sophisticated financial models on how to make the most of their savings. And yet things could be even better for investors if regulators made a few changes to help technology reach its full potential.
The UK Fintech trade mission will take place in Vienna and Zurich on the 6th-7th of February.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News