FinTech Daily News – Edition 225, 08.06.2018
June 8, 2018
FinTech Daily News – Edition 227, 12.06.2018
June 12, 2018

FinTech Daily News – Edition 226, 11.06.2018

Time for your daily fintech dosis brought to you by Editor-in-chief Florin Adrian Oprea (FAO) & Editor Decebal Nicolaie Todarita (DNT)! 6 hours of our work for 6 minutes of your time! We have read the FinTech news for you, so scroll down to read the best (STILL FREE) daily newsletter in this industry!

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Deals & Investments

Jack Ma’s Ant Financial Will Use Some Of The $14 Billion It Just Raised To Boost Blockchain Development

Kate Rooney – CNBC

Ant Financial  just closed one of the biggest capital raises on record. It plans to use some of that $14 billion to invest in blockchain. The company is now worth a reported $150 billion, making it one of the world’s most valuable private companies.

FAO: Creating an Ali/Ant Coin – step one -> invest in blockchain technology.

Caisse, Sun Life Backing New $75 Million Fintech Venture Capital Fund

Barbara Shecter – Financial Post

A new $75 million venture capital fund is being launched to develop early-stage fintech companies and artificial intelligence applications for financial services with the backing of large financial institutions including the Caisse de dépôt et placement du Québec and Sun Life Financial.

Payments

Transferwise Now Offers Service In Argentina

JD Alois – Crowdfund Insider

TransferWise has announced the launch of its money transfer services in Argentina. Argentinians will now be able to move money from more to and from over 60 countries. TransferWise said it will operate in Argentina in partnership with Nubi, a Fintech company associated with Banco Comafi. Transferwise is already available in other Latin American countries including Brazil, Mexico, Peru, and Chile.

FAO: The staff at TransferWise really know how to keep themselves busy. Last week they announced a partnership with Banques Populaires’ and Caisses d’Espargne, France’s second largest bank, and rumors emerged regarding another potential partner – Monzo, the U.K. challenger bank.

Retail banking

China’s Fintech Companies Are Exporting AI & Big Data To Asia’s ‘Laggard’ Banking Markets

Georgina Lee – SCMP

Chinese fintech companies have made headway in expanding their business to Southeast Asian markets, as they increasingly find their know-how in big data and artificial intelligence being sought after by Asian financial institutions in risk management and compliance.

FAO: And one entity is pretty aware of this and it’s preparing for a full scale war – DBS Group in Singapore – more here.

FinTech People

Via News Straits Times – CIMB appoints Hendra Lembong as Chief Fintech Officer

DNT: Hendra started his career in CIMB in 2013 as chief of transaction banking for CIMB Niaga, Indonesia. In 2017, his role was expanded regionally to group transaction banking CEO, the story also informs.

Via Finextra – Rija Javed joined MarketInvoice as CTO

DNT: MarketInvoice looks to invest heavily into its technology, we learn from the story. Rija Javed joins from Wealthfront.

Goldman To Teach Staff To Combat Cyber Security Threats

Clare Dickinson – Financial News (subscription)

Goldman Sachs has teamed up with a UK security firm to teach its employees about combating cyber threats, as finance institutions and regulators sharpen their focus on online attacks. The Wall Street bank is working with Immersive Labs to improve the cyber security skills of its staff, according to a statement.

Sponsors

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Latest Developments & Agreements

Ingot Coin & GMEX Commence Development On The All-Inclusive-Blockchain Enabled Ecosystem

Mondovisione

Ingot Coin, pioneering the link between the crypto universe and the current traditional financial industry, is pleased to announce a joint venture partnership with GMEX GROUP and the start of Ingot Coin’s blockchain based all-inclusive-ecosystem.

Accelerators & Hubs

London Vies With Paris In A Tale Of Two Tech Cities

Financial Times (subscription)

As London Tech Week begins, the city can take pride in its status as Europe’s start-up hub. It is not guaranteed to retain the crown. The UK government must ensure that funding, supply chain, regulation and employment conditions are and remain optimal.

Paris Beats London As Investor Pick For First Time In More Than A Decade

Suzi Ring – Bloomberg (subscription)

Paris has beaten London as the most attractive European city for investors for the first time in more than a decade, as Brexit fears begin to taint the U.K. capital, according to a report.

The French city was ranked No. 1 for foreign direct investment by 37% of businesses in an Ernst & Young report.

FAO: London comes second, followed by Berlin and Frankfurt. We can easily see how the “pie” will be splitted among the European cities after Brexit…

Germany Backs Call For Shifting Euro Clearing From London After Brexit

Olaf Storbeck & Philip Stafford – Financial Times (subscription)

Germany’s finance minister Olaf Scholz has called for the re-location of London’s euro clearing business after Brexit and suggested it should move to Frankfurt. The Social Democrat and former mayor of Hamburg backed the plans of Deutsche Börse chief executive Theo Weimer to turn Germany’s financial centre into Europe’s new euro clearing hub.

FAO:   It’s a long way but never underestimate the Germans’ determination…

German Startups Find Fertile Ground In Asia

Frederic Spohr – Handelsblatt Global

The German government is sending young companies to Southeast Asia to reinvent themselves for new markets. The challenges are substantial, but so is the support.

FAO:  BTW I am looking forward to attending the Crypto Startup School in the beautiful city of Frankfurt in about two weeks from now – read more in the Events section, and join me there – buy your tickets HERE! Use this voucher code NEWS-BCA-CSS2018 for a 10% discount.

Events

18-19 June 2018, New Delhi, India – our Publisher and Editor-in-chief, Florin Adrian Oprea (FAO), is invited to speak at the 6th Annual Meeting of The Growth Net, 18-19 June 2018, at the Taj Diplomatic Enclave, New Delhi, India. Join him for a constructive debate about the impact of blockchain technology beyond the use of cryptocurrencies. Being a reader of our daily publications you now have the opportunity of buying discounted tickets – more HERE (do note that a significant discount is applied!).

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25-29 June 2018, Frankfurt, Germany – our sister publication, Blockchain Daily News, is a Media Partner of Crypto Startup School, a summer school jointly organized by The Frankfurt School Blockchain Center and the German Tech Entrepreneurship Center. The event will take place from 25th – 29th of June 2018 on the campus of the Frankfurt School of Finance and Management.

Tickets can be purchased HERE and because you are a reader of our daily publications, you can use this voucher code NEWS-BCA-CSS2018 for a 10% discount.

Analysis

PayPal’s Power Play To Capture Payment Processing Industry

Matthew Cochrane – The Motley Fool

In less than one month’s time, PayPal has made two key acquisitions designed to give it a leg up against competition in the payments industry.

 

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News