FinTech Daily News – Edition 177, 26.03.2018
March 26, 2018
FinTech Daily News – Edition 179, 28.03.2018
March 28, 2018

FinTech Daily News – Edition 178, 27.03.2018

Deals & Investments

General Catalyst Just Closed Its Biggest Fund Ever, As Firms Race To Get Bigger, Fast

Connie Loizos – TechCrunch

The SEC processed paperwork showing that 18-year-old General Catalyst has closed a $1.375 billion fund, a vehicle that seemingly combines both the firm’s early- and growth-stage investments. That’s a huge leap over the capital commitments that General Catalyst circled in early 2016, when it closed a pair of funds with $845 million.

DNT: Pretty impressive. Looks like the worldwide interest in funding tech is very high.

Future Stars?

Have an interesting project/company looking for more visibility? Why don’t you send us more details, and after our review your project might get listed it in this section! Contact us HERE!

JP Morgan Offers Amazon Alexa Functionality To Its Wall Street Clients

Tae Kim – CNBC

J.P. Morgan clients are now able to ask Alexa for the bank’s research reports. The firm is also working on financial assets price data requests through Amazon’s device, according to David Hudson, the bank’s global head of markets execution.

Lending

Deutsche Börse And HQLAx To Build Securities Lending Platform On Blockchain

Arnab Shome – Finance Magnates

In a bid to create a blockchain-based securities lending solution, Deutsche Börse entered into a strategic partnership with HQLAx. According to the partnership agreement, the two organizations will use R3’s Corda blockchain platform to build a fully integrated front-to-back operating model to facilitate more efficient collateral management of high-quality liquid asset.

DNT: Good!

LendingBlock Expects LND Tokens to Trade On HitBTC In May Following April ICO

JD Alois – Crowdfund Insider

LendingBlock has revealed it will see its tokens trade on HitBTC this coming May. Lending Block’s crowdsale will kick off on with the pre-sale beginning on April 7th and the main sale starting a week later on April 15th.

Business tech

Fintech Penta Launches “Compass” To Help Businesses In Germany Incorporate Faster, Less Expensive

JD Alois – Crowdfund Insider

Penta has announced a new feature to digitize company formation in Germany. Penta has launched “Compass” a platform that enables businesses to incorporate, create a share structure and open a bank account in less than 24 hours unlike the weeks long process experienced by most German startups today.

Artificial Intelligence

With New Plan, Macron Wants France To Win AI ‘Arms Race’

Michel Rose & Mathieu Rosemain – Reuters

French President Emmanuel Macron has set his sights on artificial intelligence as the next technological frontier France cannot afford to miss, and will launch a major “offensive” this week, officials said.

DNT: Oh, the AI battlefield it’s getting more and more interesting, with China and USA already engaged in the race. More details in our FREE ARCHIVE. And read here, Accelerators & Hubs section. more about President Emmanuel Macron’s vision for the new French economy.

Regtech

In Procure-To-Pay, Reg And Tech Evolve Together

Pymts

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. As the risk of noncompliance evolves and grows for corporates, many turn to technology to ensure adherence to complex regulatory demands.

Europe is an epicenter for both regulatory shifts and FinTech innovation.

FinTech People

Via Crowdfund Insider – Ron Suber, President Emeritus of Prosper and a prominent Fintech advocate, has joined the board of directors of MoneyLion.

Via Dealstreet Asia – Former Monsanto executive Ryan Rakestraw has joined Singapore’s Temasek as an associate director

Latest Developments & Agreements

Schroders Offers A Home To Fintech Startups

Finextra

Asset management house Schroders is to provide desk space alongside funding and collaboration opportunities to fintech startups as part of a global ‘in-residence’ programme dubbed ‘Cobalt’.

Accelerators & Hubs

Dubai International Financial Centre’s FinTech Ecosystem Gains Further Momentum In 2018

Mondovisione

Dubai International Financial Centre Reports Fintech Ecosystem Gains Further Momentum in 2018

Samantha Hurst – Crowdfund Insider

Dubai International Financial Centre and South Asia region, announced important developments in its Fintech ecosystem that further strengthen its position as MEASA’s number one and one of the world’s top ten FinTech hubs.

Associations & Federations

Singapore And Japan Fintech Groups Sign MoU

Finextra

The Singapore FinTech Association and the Fintech Association of Japan signed a Memorandum of Understanding to foster stronger relationships and greater fintech cooperation between the two countries.

DNT: In both markets there are a lot of opportunities and strengths, and this partnership is an efficient way to capitalize them.

Other news

Put Cambodia’s People First In Harnessing Power Of Fintech

Curtis S. Chin & Jose B Collazo – The Phnom Penh Post

Cambodia might not come to mind when shaping a list of fintech hubs, but across Southeast Asia, the benefits of addressing the digital divide and of harnessing the power of fintech should be clear-cut. Taken together, both of these steps can increase the level of access to capital and financial inclusion – critical needs in developing Asia.

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News