FinTech Daily News – Edition 44, 01.09.2017
September 1, 2017
FinTech Daily News – Edition 46, 05.09.2017
September 5, 2017

FinTech Daily News – Edition 45, 04.09.2017

FinTech Daily News

by Florin Oprea

Edition 45, 04.09.2017

Lending

Proptech Startup Habito Lands £18.5m To Make Mortgages Digital

Lynsey Barber – City A.M.

Atomico, the venture fund set up by Skype founder Niklas Zennstrom, led the £18.5m series B round with existing investors Ribbit Capital, Mosaic Ventures and Revolutionary (ad)Ventures also participating.

FAO: Good story for the start of the week…

Business tech

Timelio Receives Investment From Anthony Thomson, Founder Of Atom Bank & Metro Bank

JD Alois – Crowdfundinsider

Timelio, an online invoice financing marketplace operating in Australia, has received the backing of Anthony Thomson – a leading Fintech entrepreneur who is founder and Chairman of Atom Bank and founder and former Chairman of Metro Bank.

FAO: Timelio raised a total of $5.5M in 2 funding rounds since October 2015.

Retail banking

Fintech Could Be Risky If Banks Don’t Cooperate, Says The Bank For International Settlements

Lucy White – City A.M.

Banks will need to take measures over the coming years to mitigate the risks of fintech, according to a new report from the Bank for International Settlements (BIS).

FAO: An article discussing the latest consultative report issued by Bank for International Settlement.

The Digital Banking Revolution: Why ASEAN Needs To Get Behind Digital-Only Banks

Oliver Ward – Asean Today

With the global economy slowing and the banking industry staring down the barrel of heavier regulation after the 2008 Financial Crisis, innovation has taken a backseat in the retail banking sector. Almost ten years later, the lack of innovation and improvements in the banking industry have prevented it from meeting the demands of an increasingly digital population.

Plaid: The Fintech Link Between Banks And Startups

Dustin Blitchok – Benzinga

Plaid builds APIs that connect apps with users’ bank accounts and provides services such as ACH, income and identity verification.

The start-up, headquartered in San Francisco’s Financial District, aims to build a “fully inclusive fintech ecosystem.

Cap Markets & Other

Fintech Robinhood Chooses Orlando For Regional Headquarters, 200 Jobs

Mark Calvey – San Francisco Business Times (subscription)

Stock-trading app Robinhood is joining the stampede of Bay Area fintechs heading to lower-cost cities to create jobs. Utah and Florida are among the big winners.

FAO: Stock brokerage Robinhood business model allows clients to buy and sell U.S. listed stocks and ETFs with no commissions.

FinTech People

Online Lender SoFi Investigating Sexual Harassment Claims

Hugo Martin – Los Angeles Times

Social Finance Inc. has launched an internal investigation into claims of sexual harassment at the San Francisco company.

FAO: I reckon this started with last month’s lawsuit filed by a former employee of Social Finance. Check more details here.

Via The Telegraph –  Interview with Starling Bank’s founder and CEO, Anne Boden, about the future of Fintech

Accelerators & Hubs

Lattice80 To Launch Operations In Vizag Shortly

Santosh Patnaik – The Hindu

Lattice80 would launch its operations in the city shortly. The firm is now scouting for space to open its office.

FAO: Lattice80 has started a very aggressive global expansion. Last week it has announced its plans for a London fintech hub…

US Accelerator Fintech71 Backs Dublin’s ID-Pal

Tom Lyons – The Business Post (subscription)

Fintech71, the Columbus, Ohio based start-up accelerator, has invested in the Dublin-based fintech company ID-Pal.

Zone Startups Launches Second Accelerator For Women

Financial Express

Mumbai-based startup accelerator Zone Startups today announced the launch of the second edition of its programme for women entrepreneurs building technology enabled ventures.

Events

Equinix announced that it intends to offer €750 million in aggregate principal amount of its senior notes due 2025 – more here via PR Newswire

Upcoming event: Immersion Tour Hong Kong FinTech Week, 23-27.10.2017 – more details HERE

Other news

Fintech: Beware The Fake News

Banking Technology

In every aspect of life, sentiment overshoots. We overbuy and oversell securities. The political pendulum swings from left to right. Shops run out of ultra-fashionable goods only to heavily discount excess stock a couple months later.

DNT: So true, the fake news are dangerous for the industry. That’s why, you need to choose a reliable source of information, like FinTech Daily News. Stay close!

FAO: Analysis offered by Ben Robinson, chief strategy officer at Temenos.

 

 

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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News