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.
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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.
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.
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.
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.
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.
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.
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
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’.
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.
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.
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