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FinTech Daily News

by Florin Oprea

Edition #23, 26.06.2017

Deals, Investments & M&As

Standout Startups From N.Y. Fintech Boot Camp Class Of ’17

Penny Crosman – American Banker

Fintech boot camps, accelerators, demo days and hackathons are a dime a dozen these days.

But one of the longest running and best, in my view, is the New York FinTech Innovation Lab, a boot camp of sorts for fintech companies that was founded by Accenture and the Partnership Fund for New York City seven years ago.


Dutch Payments Processor Takes Pan-European Licence To Bypass Banks

Eric Auchard – Reuters

Adyen, one of Europe’s biggest fintech companies, has taken a pan-European banking licence that allows it to bypass banks and process cross-border payments directly for its merchant customers, including many of the world’s top ecommerce firms.

FAO: Remember last week? Swedish fintech leader Klarna announced it secured a banking license in Europe.

They Don’t ‘Manage’ Risk, They Break it: Interview with Zotapay New CEO

Dan Magen – Finance Magnates

Avner Ziv speaks about China, the future of payments, and declares: “Zotapay has no competitors.”


Aegon Life Explores Fintech,E-Commerce Channels To Sell Policies

Business Standard

Private sector life insurer Aegon Life Insurance Company is exploring options to sell policies via fintech and e-commerce platforms.

The company’s Chief Digital Officer Martijn de Jong said digital channel is to become the primary channel for the insurers to expand customer base.

FinTech People

How Yolande Piazza at Citi FinTech is “Breaking Glass”

Penny Crosman – American Banker

Citigroup’s unit dedicated to taking on the challenge presented by fintech has flown under the radar since its former leader, Heather Cox, left for USAA a year ago.

But I recently caught up with Yolande Piazza, who has run Citi FinTech since Cox’s departure and was named its permanent CEO in March, for an update about the group’s progress.

FAO: Citi jumps on the fintech bandwagon…

Brokerages Hire Fewer Workers Despite Booming Business

Lee Min-hyung – Korea Times

According to the securities industry Sunday, the nation’s top nine brokerages have hired 293 new employees, way down from 952 last year. Samsung Securities was excluded from the list, as the company did not unveil recruitment data.

via Bankless Times – Startup fintech Exeq has named Derek Brown its CEO ahead of its anticipated summer launch.

Latest Developments & Agreements

China’s AliPay, UnionPay & WeChat Pay Join LATAM Fintech’s Digital-Payments Platform Revolution

Roger Aitken – Forbes

The fintech dLocal that specializes in cross-border payments for emerging markets, has integrated AliPay, UnionPay and WeChat Pay – China’s three major digital payments providers – into its platform. The addition for Uruguay-based dLocal with a US presence is touted as enabling global merchants to reach some “300 million Chinese consumers.”


Fintech Sandbox Expands to Canada


Ontario Centres of Excellence (OCE) and Boston-based FinTech Sandbox, signed an historic memorandum of understanding (MOU) to collaborate and expand the FinTech Sandbox model into Canada, starting in Ontario.

Accelerators & Hubs

EY Fintech Adoption Index: China Leads the Pack. USA is Just Average

JD Alois – Crowdfund Insider

Here is another document that points to China’s size, dominance and creativity when it comes to financial innovation.  EY has published the “Fintech Adoption Index 2017” that grades the various markets where EY operates so just about most of the developed world. When you think about the giant internet firms in China, and the ubiquity of mobile internet, it just makes sense that China leads the way.

FAO: Asia – especially China – is pedal to the metal in fintech. We know for sure since each day we process a lot of stories coming from Asia. No need to say more. Here’s what Orchard Platform CEO, Matt Burton, have to say about fintech in Asia…

Orchard Platform CEO: Asian Fintech Scene ‘Leapfrogging’ Over US In Innovation

Elizabeth Balboa – Benzinga

While fintech companies proliferate in the United States, driving the expansion of a well-established financial sector with flourishing credit card and personal banking industries, Orchard Platform CEO Matt Burton is turning an eye to the east.

PM Narendra Modi Launches India-Portugal International StartUp Hub

The Economic Times

Prime Minister Narendra Modi and his Portugese counterpart Antonio Costa on Saturday launched the India-Portugal International StartUp Hub (IPISH).

What It Takes To Make It To Demo Day At One Of Hong Kong’s Top Accelerator Programs

Jay Kim – Forbes

One of the most exciting events in startup land is demo day.

Dublin’s Camden Street: Is this Europe’s Newest Fintech Hub?

John Kennedy – Silicon Republic

From a new BOI StartLab to rising players such as Plynk and the stormy tides of Brexit, a quaint Dublin neighbourhood could be the unlikely new home of Europe’s fintech ambitions.


Tokyo Metropolitan Government to Invite Foreign Companies to Participate in FinTech Business Camp Tokyo

PR Newswire

The Tokyo Metropolitan Government (TMG) is preparing a new plan which can be termed the “Financial System Reform in Tokyo — Tokyo’s Big Bang” in order to regain the status of Asia’s No.1 international financial city, and this new plan will be announced this autumn.


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