FinTech Daily News – Soft launch Edition #18, 19.06.2017
June 19, 2017
FinTech Daily News – Soft launch Edition #20, 21.06.2017
June 21, 2017

FinTech Daily News – Soft launch Edition #19, 20.06.2017

FinTech Daily News

by Florin Oprea

Edition #19, 20.06.2017

Deals, Investments & M&As

IoT Startup Augury Bags $17 mln Series B 

Iris Dorbian – PE Hub Network

New York City and Haifa, Israel-based Augury, an internet of things technology company, has raised $17 million in Series B funding.

FAO: Leading investors were Eclipse Ventures and Munich Re/HSB Ventures.

Zone Startups Floats Early-Stage VC Fund To Back Tech Startups

Binu Paul – VC Circle

Mumbai-based technology startup accelerator Zone Startups India has launched an early-stage venture capital fund to back software startups with a focus on mobile technology and enterprise tech.

Payments

Will Amazon Become a Force In Fintech?

Katie Roof – TechCrunch

Amazon is the tech giant most likely to become a dominant player in fintech, predicted James Lloyd, Ernst & Young’s fintech leader, when speaking on stage at TechCrunch and TechNode’s event in Shenzhen, China on Monday.

FAO: I think Amazon can become a force in anything.

How The PayPal Mafia Reaches Into Every Corner Of Silicon Valley

Danny Vena – The Motley Fool

The self-titled PayPal mafia was forged during the creation of the online-payments giant. This group of alumni continues to drive innovation through their advice and investment in over 400 tech companies.

Wealth & Personal Finance

Beijing And Shenzhen Drive Chinese Fintech: Ning Tang, Creditease

Shiwen Yap – Deal Street Asia

Ning Tang, CEO and founder of Chinese fintech major Creditease, believes that the current landscape will require players in the finance sector to evolve their approach amid a highly disruptive technology landscape with substantial opportunity.

FAO: As I see it, Asia is making the headlines in fintech each day, well, at least here, in FinTech Daily News. I think an increasing number of Chinese cities will build focus in fintech in the coming years.

Retail banking

Swedish Fintech Leader Klarna Wins Banking Licence

Richard Milne – Financial Times (sub)

Klarna has become the largest European fintech company to secure a banking licence, with the Swedish group saying it wants to become a Ryanair-type low-cost disruptor of the sector, attacking established lenders across the continent.

FAO: Now let’s mark this day in our calendars. Looking forward to hearing more about their plans.

Where Top European Banks Are Investing In Fintech – CB Insights

Banking Tech

European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, software, and blockchain, according to CB Insights.

FAO: Read this headline again and the intro text. Now look at the previous headline. Banks will need to do more than just “place bets”.

PS: Read the following headline too…

Meet The Man Behind The Banking Revolution

BQ

Atom bank wants to change the face of banking. Founder and chairman Anthony Thomson explains to Peter Jackson how the challenger business is going about it.

FinTech People

Fintech And Innovation Leader Simon Moss Joins Grant Thornton

Business Wire

Simon Moss has joined Grant Thornton LLP as a managing director in its Financial Services Advisory practice. Based in New York, Moss will drive fintech and technology innovation, including the associated alliance and acquisition strategy.

World’s Largest Fintech Hub LATTICE80 Appoints Former MD of ANZ Bank as Advisor

JD Alois – Crowdfund Insider

LATTICE80, the world’s largest Fintech hub, has appointed former Singapore Managing Director Vinay Agrawal to its board of advisors.

Malcolm Turnbull’s Former Digital Tsar Just Joined Fintech Hub Stone & Chalk

Tony Yoo – Business Insider

Former head of the federal government’s Digital Transformation Office, Paul Shetler, has reportedly joined Stone & Chalk in a part-time advisory role.

FAO: Good luck to all of them.

Latest Developments & Agreements

TechPrenuer Africa Signs Fintech MoU With Abu Dhabi Global Market

Finextra

TechPreneur Africa, a social impact firm focused on harnessing innovation and entrepreneurship to achieve real economic impact across Africa has signed a memorandum of understanding (MOU) with Abu Dhabi Global Market (ADGM), an international financial centre in Abu Dhabi, to foster and support the growth and activities of FinTech in the Middle East and African regions.

Regulation

Indonesia – OJK To Monitor Fintech

Tempo

The Financial Service Authority (OJK) has formed two new directorates as a response to financial technology (fintech) development. OJK deputy chief commissioner Rahmat Waluyanto said that the two new directorates are Digital Financial Innovation Unit and Fintech Permit and Monitoring Unit.1

Accelerators & Hubs

Despite Challenges, Startups See A Bright Future For Tech Companies In Hong Kong

Jon Russell  – TechCrunch

Hong Kong is one of the world’s premier financial hubs, but can it be a destination for tech startups? That was the question put to a panel of experts at the TechCrunch China event in Shenzhen today. The answer, largely, was yes but it may need a little time.

TDN: I strongly believe that it will INDEED be a bright one…

Singapore Shouldn’t Aim To Be Silicon Valley: Anne Marie Droste, Entrepreneur First

Shiwen Yap – Deal Sreet Asia

Deep tech-focused startup accelerator Entrepreneur First, which launched its Asia chapter in the city-state, counts the quality of talent of its cohort founders as a major indicator of its performance.

Commerce & Industry Minister Launches The Startup India Hub

Business Standard

The Commerce & Industry Minister Smt. Nirmala Sitharaman launched the Startup India Virtual Hub, an online platform for all stakeholders of the entrepreneurial ecosystem in India to discover, connect and engage with each other.

Startupbootcamp FinTech Picks Top 9 LatAm Startups

Automated Trader

9 chosen projects will be part of the first generation of Startupbootcamp FinTech startups in Latin America.

FAO: LatAm joins the fintech revolution.

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News