FinTech Daily News – Soft launch Edition #17, 15.06.2017
June 15, 2017
FinTech Daily News – Soft launch Edition #19, 20.06.2017
June 20, 2017

FinTech Daily News – Soft launch Edition #18, 19.06.2017

FinTech Daily News

by Florin Oprea

Edition #18, 19.06.2017

Deals, Investments & M&As

Seattle Cloud Company Skytap Is Preparing To Go Public, CEO Says

Ashley Stewart – Business Journal (sub)

Skytap is one of several Seattle-area companies expected to go public in the near future, although most aren’t as transparent about specific plans.

Payments

PayPal Chief Dismisses Apple Pay Challenge

James Titcomb  – The Telegraph

Paypal’s chief executive has dismissed Apple’s assault on person-to-person payment apps, suggesting the iPhone giant’s forthcoming money transfer service will struggle to compete against his company’s rival apps.

FAO: Interesting defence strategy…

Apple P2P Payments Aren’t a Threat To PayPal Or Square

Adam Levy –  The Motley Fool

Apple has a knack for coming into markets a bit late, but offering something innovative to drive user adoption.

Payment Startups Lead Way In Africa’s Booming FinTech Scene

Mfonobong Nsehe  – Forbes

Payments and remittances startups account for the majority of Africa’s over 300 fintech startups, though blockchain companies are the more likely to secure funding.

FAO: A good testing playground for fintech, just like in some parts of the Eastern Europe. The relatively recent private and public investments in telecom & IT infrastructure lead to a thriving fintech sector in some of these regions.  

FinTech People

Meet Anna Haotanto, The Fintech Queen Of Singapore

Leigh Cuen –  International Business Times

Singapore is one of the leading hotspots for financial tech thanks to flexible regulation plus national initiatives to fund startups and integrate blockchain innovation into the local economy.

Silicon Valley Tech Leader Praises Region’s Startup Scene

Terry Pender  – The Record

A leading tech visionary believes the world is at the front end of a massive transformation on the scale of the industrial and agricultural revolutions.

FAO: And we share his visions…

Departing Tyro Chief Gerd Schenkel Cites Growth Challenges And Eyes New Venture

Paul Smith – Financial Review

The departing chief executive of Australia’s newest bank, Tyro, has flagged it faces challenges in scaling up its start-up operation to position itself as a disruptive rival to the established big four institutions.

Cinnober Adds Ninni Pramdell to Newly Created Role of CFO

Jeff Patterson – Finance Magnates

Ninni Pramdell joins Cinnober, overseeing the group’s finances as its first CFO.

FAO: Good luck!

Latest FinTech developments & agreements

China Issues A Five-Year Plan On Fintech

Xu Gao – Crowdfund Insider

Facing the challenges from the online finance industry, the People’s Bank of China (PBOC) and four other departments including the China Securities Regulatory Commission (CSRC), China Banking Regulatory Commission (CBRC), China Insurance Regulatory Commission (CIRC) and Standardization Administration issued a plan of constructing a standardization system for the industry.

Coming Technology: Fintech Developers Tell You What To Look For And Why The Fintech Revolution Arose

Neil Ainger – CNBC

There are many famous business stories of companies such as Xerox and Kodak that fell from dominant positions due to a failure to understand or implement new technology that was set to disrupt their industry.

TDN: We live in a multi – dynamic world. We are at the point in which, life without technology is meaningless. The same in business: technologies bring together the best means to exchange and use information.

Accelerators & Hubs

The Long Road Ahead For The Thailand Startup Ecosystem

The Independent

Transforming Thailand into an innovation economy and startup hub is certainly a monumental task, and it would be a gross oversimplification to break down all of its challenges to a single factor

Columbus Could Be The Next Startup City

John Biggs – TechCrunch

All eyes are on Columbus. And they can’t fail. The city just received a $277 million Smart City grant from the federal government to build out tools and techniques that will define the city of the future.

A Look At The Phoenix Incubators And Accelerators Helping Entrepreneurs Scale Their Companies

Hayley Ringle – The Phoenix Business Journal

The Phoenix metro area has a number of local incubators and accelerators to help startups and entrepreneurs scale their business.

Orange Launches International Startup Accelerator Program In Romania

Irina Popescu – Romania-Insider

Telecom group Orange has launched its Orange Fab international startup accelerator program in Romania, the company announced on June 15 at a tech event in Bucharest.

FAO: Speaking of good testing playgrounds for fintech…

Associations & Federations

FESE Responds To EU’s Consultation On Fintech

Cole Lyons – Crowdfund Insider

FESE recently published their response to the European Commission’s Consultation, “FinTech: a more competitive and innovative European Financial Sector.” In their response, they listed three principles that they believe will be vital for the development of the Fintech market and stated their belief that there are no current grounds for major legislative changes.

Analysis

Fintech Rewind, Listen, And Fast Forward

Thomas Grundy – Banking Exchange

How tech evolution has brought banking and compliance to today’s crossroads

Other news

Russian Fintech And Their Fight Against Geopolitics

Madhvi Mavadiya  – Forbes

With the investigation into Russia’s involvement in the US election and with Trump being in the media spotlight, other activity in the region is not being recognised on the same scale, especially big events occurring in the fintech industry.

FAO: Touches politics a bit, not our area. But focuses on Russian fintech.

What Silicon Valley Investors Are Investing In Startups In India?

Huffington Post

PayPal Phishing Scam: Victims Asked To Take Selfie With Credit Card, ID

AJ Dellinger – International Business Times

PayPal users are being targeted by a phishing scam that goes beyond just trying to steal a user’s login credentials—it also asks the victims to take a selfie while holding credit cards and form of identification.

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News