FinTech Daily News – Edition 15, 24.07.2017
July 24, 2017
FinTech Daily News – Edition 17, 26.07.2017
July 26, 2017

FinTech Daily News – Edition 16, 25.07.2017

FinTech Daily News

by Florin Oprea

Edition 16, 25.07.2017

Deals, Investments & M&As

The Most Significant Fintech Acquisitions Of 2017 So Far

Alara Basul – Bobs Guide

According to KPMG’s Pulse of Fintech report, fintech VC activity in Europe has hit a historically high level for successive quarters. In Q1 2017, global investment in fintech companies hit $3.2bn across 260 deals. Q1 2017’s total capital invested soared to $610m, which was noted as the highest tally in years.

FAO: Good figures. We will use them at some point in the future. We note that in Q1 2017  $1.5bn was invested in US fintech, in 124 deals, while Europe fintech received $880m in investments, in 89 deals.

France, Fintech Spotlighted In Latest European Venture Report

Pitch Book – Value Walk

After a period of turbulence stemming from political uncertainties, Europe is looking to get its venture industry back on track. The 2Q 2017 European Venture Report (available HERE) breaks down the data showing the origin of the recent decline in deal volume and how record fundraising levels are set to provide a boost.

FAO: Today’s must-read. Paris growing its strengths. Take notes everyone. These are very interesting times. Add this report to the interesting “battle” in Europe’s fintech: London facing increasing pressure from its European competitors – Paris (with President Macron’s involvement – see last week), Frankfurt, Berlin etc.

London-Paris Rivalry Becomes A Battle For Financial Hearts And Minds

Colin Randall – The National

Rivalry between London and Paris dates from long before the Brexit vote threatened to transform the competing economic attractions of the two capitals.The cities are in almost perpetual dispute over which is the most visited in the world, citing different statistics or differing interpretations of the same figures.

FAO: Of course. Worth reading this piece too.

Regtech

FinTech And RegTech – What Next For Financial Crime’s International Standard Setter?

Florence Keen – Rusi

The Financial Action Task Force (FATF), the global standard-setter for anti-money laundering (AML) and counterterrorist finance (CTF), in May brought together more than 150 delegates for its most in-depth discussion to-date on FinTech and RegTech.

Accelerators & Hubs

Let’s Copy Singapore, Or At Least The Best Part Of Its Approach To Fntech

Enoch Yiu – South China Morning Post

Hong Kong should take a closer look at Singapore and the success it has had in attracting peer-to-peer lender Lufax. Unlike Hong Kong’s multi-layered regulatory structure, Singapore has set up its fintech regulatory oversight in a much simpler approach, such that the Monetary Authority of Singapore is the sole government body to vet operating applications from platforms such as Lufax.

FAO: Good article signed Enoch Yiu (I used to read her articles back when I edited a daily newsletter dedicated to exchanges…) adding more insight into HK-Singapore fintech duel. Discussing China’s Lufax getting licensed in Singapore, reported earlier this month.

Hong Kong Programme Hopes To Unearth Next Fintech Blockbuster

Bien Perez – South China Morning Post

Ten technology start-ups, including companies from Hong Kong, South Korea, Singapore and the United States, aim to introduce innovation that could help financial institutions in the Asia-Pacific improve their efficiency, bolster cybersecurity and offer more customer-friendly services.

FAO: An article describing Accenture’s FinTech Innovation Lab Asia-Pacific, which is held in Hong Kong for the fourth consecutive year.

Sydney Fintech Hub Stone & Chalk To Open Up In Melbourne

Finextra

Sydney fintech hub Stone & Chalk is extending its reach into Victoria, with founding CEO of Fintech Victoria, Alan Tsen, at the helm of its new Melbourne-based operations.

FAO: Even more action on Australia’s growing fintech scene. Remember the announcement (reported earlier this month) regarding Sydney’s proposed new 11-floor start-up hub.

The Dream Of Polish Tech Entrepreneurship Is Almost Over

John Biggs – TechCrunch

Poland has worked diligently over the past decade to become an entrepreneurial powerhouse. Once home to businesses focused primarily on app design and outsourcing, social, societal, and economic pressures forced the country’s brightest to start building for themselves. And they did.

Events

These Bay Area FinTech Companies Are Leading The Artificial Intelligence Fintech Revolution

Dylan Wittenberg – Benzinga

Benzinga is featuring some of the best and brightest upcoming AI companies in the Bay Area.

FAO: Benzinga FinTech Summit will kick off in SF on September 28th

Analysis

The Three Best Stocks in Fintech

Matthew Cochrane – The Motley Fool

FAO: Analysis covering Mastercard Inc (NYSE:MA), PayPal Holdings Inc (NASDAQ:PYPL), and Square Inc (NYSE:SQ).

Other news

Fintech ‘Lingo’ Explained

Anna Irrera, Maria Caspani – Reuters

The world of financial technology – also known as “fintech” –involves lots of buzzwords, jargon and often obscure terminology.

Here’s a list of some of the industry’s main “lingo.”

DNT: Very nice and most important, useful initiative. Congrats

Opinion

Why Fintech Firms Are Leaving Conventional Banks For Dust

Chris Skinner – The Banker

Traditional banks are so slow to change that they risk being left behind by the nimble fintechs, which are creating a new financial ecosystem, writes Chris Skinner.

FAO: Another article depicting the slow pace of change in the banking sector and the rise of fintech companies.

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News