by Florin Oprea
Samantha Hurst – Crowdfund Insider
Worldpay Group, a British payment processing firm, announced on Wednesday that Vantiv has offered $10 billion towards the fintech company’s acquisition.
FAO: So it looks like Vantiv won the battle with JP Morgan. Yesterday we reported that JP Morgan made a preliminary approach to buy Worldpay.
Jon Russell – Tech Crunch
FAO: I like this intro: “By now you’ve probably heard of ICOs.” And I also like Omise CEO’s, Jun Hasegawa, statement: “Unlike other sales, we didn’t want to raise our sale cap past $25 million because we don’t expect we need more money to accomplish our goal. It is both irresponsible and counterproductive to take more than we think we need.”
Yessi Bello Perez – Tech City News
FinTech startup Previse has closed a £2m ($2.6m) Seed round led by Hambro Perks alongside Founders Factory.
FAO: Using machine learning, Previse has pioneered algorithm-driven invoice payment decisions.
Greg Isaacson – Mingtiandi
URWork’s co-working centre on Shanghai’s Jinling Road Shared office unicorn URWork has just closed another round of funding, with Beijing Aikang Group injecting RMB 200 million ($29.4 million) into the startup that aims to be China’s answer to WeWork, the company announced this week.
Sneha Nalawade – Martech Advisor
ActionIQ has raised $13 million in funds through a round primarily overseen by Sequoia Capital.
FAO: Tasso Argyros’s ActionIQ is an enterprise Customer Data Platform.
Ranjani Ayyar – The Economic Times
Venture Capital (VC) investments slid 25% year-over-year to 78 deals worth $275 million during the April-June 2017 quarter, according to Venture Intelligence data. Investment activity was lower 7% sequentially .
Samuel Agini – Financial News
Five major banks including Goldman Sachs have signed up to use a New York-based fintech company’s platform to help them prepare for sweeping European trading rule changes coming into force at the turn of the year.
Press release here
FAO: Goldman, BNP Paribas, Crédit Agricole, Lloyds and UBS have picked Droit Financial Technologies’ platform.
Singapore Business Review
The next time you are looking to talk with a banker about a home loan, you may just end up being redirected to an online chatbot instead. OCBC has launched two bots; Emma who does home loans and Buddy who is an internal HR chatbot.
New European data center facilitates interconnection and enables businesses to extend their digital edge
FAO: One per day. Yesterday we reported about Equinix opening a new data center in Frankfurt.
Moscow Exchange announces it will commit its innovative technologies business line and work with fintech start-ups to a new subsidiary company, MOEX Innovations. The Exchange plans to invest up to RUB 1.2 bln into innovation-focused companies and projects.
Shanny Basar – Markets Media
Mark Whitcroft, founding partner at Illuminate Financial, said there had been a marked increase in engagement with fintech by asset managers during the last three months as new regulations come into force in Europe at the start of next year.
Midclear S.A.L., the Custodian and Clearing Center of financial instruments for Lebanon and the Middle East, has selected GMEX Group wholly owned subsidiary, GMEX Technologies, to provide and implement its innovative AvenirClear CCP product as the core system of the first derivatives central counterparty (CCP) in Lebanon.
DNT: Interesting move, in the effort to grow Lebanese Capital Markets. We live a new era of financial markets and GMEX Technologies seems to be an important actor in providing innovative solutions.
FAO: GMEX is an active player. I remember the plethora of deals and investments GMEX closed in the last 2-3 years in various places accross Africa and Asia. Good luck to Hirander Misra and his team!
Via PR Newswire – Brown Brothers Harriman announced that MD, Michael McGovern, was appointed Head of the Firm’s Investor Services Fintech offerings
Samburaj Das – Cryptocoinsnews
Japan’s financial regulator will establish a FinTech hub to provide a framework enabling industry startups to test new innovative financial services.
FAO: More comments about Asia’s leading role in the fintech revolution in yesterday’s edition of our sister publication Blockchain Daily News.
Josie Cox – Independent
London’s tech sector attracted more venture capital investment in the first half of 2017 than any other European city since the Brexit vote.
FAO: Of course. Because London it’s the world’s no.1 financial centre and has the fifth largest metropolitan economy in the world. Hard to compete that. Berlin received less than half the amount of investment in H1. We found some even more interesting facts in one of our soft launch editions – check the “Accelerators & Hubs” section.
Steven Arons, Gavin Finch – Business Day
With banks scrambling to ensure continued access to the European single market, more are leaning towards Frankfurt’s ‘Mainhattan’
DNT: Yes, it may appear like another shot for the home city of DB, in order to become the main center in Europe’s bank operations…but there are so many variables in stake. What do you think about it? Send us some feed-back on this hot topic.
FAO: Frankfurt is steadily building up. It’s the kind of article which will steer debate, and my colleague Decebal speculated that. By all means, send us your thoughts. We can even publish some content if you have extended material on Brexit effects i.e. possible future effects like diminishing London’s position in Europe (see previous article) and fueling its direct competitors (i.e. Frankfurt, Munich, Berlin, Paris, Dublin, Amsterdam, etc.) with new business.
JD Alois – Crowdfund Insider
Hong Kong has been a definitive leader in global finance and trade for many decades. Yet when it comes to Fintech, embracing financial innovation has been slower than some other centers of alternative finance. But recently Hong Kong has reinvigorated its strategy and is now on a path to become a leading regional Fintech Hub.
FAO: We have published several articles on this topic during our soft launch. Please try our Archive.
Fintech becomes an economic pillar for Massachusetts, Japanese asset manager studies artificial intelligence, and millennials eat out a lot.
James Young – BN Americas (subscription)
Sura Asset Management México said it teamed up with BlueBox Ventures to launch a seed accelerator program.
New York-based co-working space giant WeWork officially opened its doors to India this week, with the launch of its first workspace in Bangalore which can house 2,200 people.
The launch will be followed up by two more centers in Bangalore in Koramangala and Whitefield, the company added.
Following fast on the heels of Barclays’ launch of Rise London, Europe’s largest FinTech co-working space, the Rise team is offering a tailored programme of events that all FinTech companies and enthusiasts can register for during London FinTech Week (fintechweek.com) from 10-14 July.
Gianfranco Casati – Nikkei Asia Review
Forecasting the success or failure of emerging markets is a tricky game. Attempts have seen the creation of acronyms like BRICs and MINTs
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News