FinTech Daily News – Soft launch Edition #1, 22.05.2017
May 22, 2017
FinTech Daily News – Soft launch Edition #3, 24.05.2017
May 24, 2017

FinTech Daily News –Soft launch Edition #2, 23.05.2017

FinTech Daily News

by Florin Oprea

Edition #2, 23.05.2017

Deals, Investments & M&As

A ‘Paradigm Shift’ Is Taking Place In FinTech

Frank Chaparro – Business Insider

Venture capital firms, which poured $117 billion into fintech startups from 2012 to 2016, have been pulling back on their investments. Meanwhile, established financial firms are positioned to step up their spending.

FAO: “What is the net outcome of this shift? A better business landscape for well-established Wall Street firms.”

Fintech Deals Are Providing Global Answers

The Scotsman

$67m sale of Vermilion powers corporate finance firm into the spotlight and Laura Hamilton finds there are similar deals in the pipeline.

AngelList Moves Into Funds

JD Alois – Crowdfund Insider

AngelList has announced the creation of Angel Funds. These funds are designed to be the easiest way to start a “full-fledged” venture fund.


Transferwise Launches “Borderless” Business Accounts

Lynsey Barber – CITY A.M.

A new “borderless” account aimed at businesses, solo traders and freelancers has been launched in the UK and Europe in the first of what the firm has hinted will be a host of new offerings.

FAO: Interesting, will consider this an option for this startup…


Rapid Growth In FinTech Credit Carries Opportunities And Risks


FinTech platforms account for an increasing share of credit provision and policymakers have to consider the opportunities and risks such activity brings, a new report by the Committee on the Global Financial System (CGFS) and the Financial Stability Board (FSB) finds.

Retail banking

FintTech’s Coming to Trounce India’s Banks

Andy Mukherjee – Bloomberg Gadfly

In the match for India’s financial services future, fintech just scored twice while banks are still struggling to retrieve the ball they scuffed into their own net. It’s just the start of what looks like a bruising battle for traditional lenders.

FinTech People

Bain Capital Ventures announced that it has hired marketing veteran Annis Steiner as the firm’s VP of Marketing.

Latest FinTech developments & agreements

Singapore & World Bank’s IFC to Support Fintech Development in Asia

Naomi Barzel – Finance Magnates

The two parties have set themselves the goal of developing the ASEAN Financial Innovation Network (AFIN).

Accelerators & Hubs

Crowdcube on European Growth Mission In Partnership With WeWork

Zen Terrelonge -realbusiness

Crowdfunding meets co-working as Crowdcube has tied up with WeWork to achieve its European growth ambitions, with the US and Far East also in sight.

Singapore Startups: Too Slow For Accelerators?

Qiu Ping Lim – The Middle Ground

Singapore is trying to reinvent itself, especially economically, at the individual, organisational and national scale. At the bleeding edge of this re-invention is the startup scene. Singapore’s quest for Silicon Valley-ism has seen the development of ecosystems that contributed to the vibrancy of startup hubs the world over.

FAO: Yesterday we published a profile of Hong Kong’s startup ecosystem.