FinTech Daily News – Edition 45, 04.09.2017
September 4, 2017
FinTech Daily News – Edition 47, 06.09.2017
September 6, 2017

FinTech Daily News – Edition 46, 05.09.2017

FinTech Daily News

by Florin Oprea

Edition 46, 05.09.2017

Deals, Investments & M&As

China Bans Companies From Raising Money Through ICOs, Asks Local Regulators To Inspect 60 Major Platforms

Saheli Roy – CNBC

Regulators are about to begin scrutinizing China’s initial coin offerings — an industry worth hundreds of millions of dollars.

FAO: In case you missed Blockchain Daily News (BDN) or you aren’t a subscriber (yet), this is the hottest topic of the week in the fintech world. Read today’s BDN for even more related content.

Robo-Advisor Snares Weighty Trio

Finews Asia

B2B robo-advisor platform provider, Bambu, announced it has completed a funding round led by three new investors.

FAO: …Franklin Templeton Investments, Wavemaker Partners and Robby Hilkowitz. The amount raised is undisclosed.


New Details Emerge On Apple Pay Cash


Apple Pay Cash is a peer-to-peer solution that enables consumers to send money to one another’s Apple Pay Cash card, with money then able to be sent into bank accounts.


Backers ‘In The Dark Over Lack Of Transparency’ In Peer-To-Peer Loans

James Hurley – The Times (subscription)

Bad debts forced lenders to abandon their direct model but customers may not understand the risks of current practices.

FAO: Talks about Zopa, the first P2P lender in the world.

Retail banking

Fintech Helps Banks Disburse More Loans

Saloni Shukla – The Economic Times

Two years of fintech driven reach has helped banks grow about 15 to 20 per cent indicating that banks’ dependence on `feet-on-street’ to campaign for loans may recede in a few years. Bankers said nearly a third of their customers below 30 years were on-boarded through the digital platform.

FAO: Makes reference to India’s banking sector where services provided by fintech companies are used to qualify good clients faster.

FinTech People

Via Finextra – Former HSBC Compliance expert, Danielle Herndon, joins UK fintech startup as Head of Compliance and MLRO (Money Laundering Reporting Officer).

Accelerators & Hubs

UrWork Heads West To Help Chinese Start-ups

Financial Times (subscription)

China’s UrWork is helping the country’s start-ups emigrate into western markets by opening its first US co-working space in Los Angeles.

FAO: How do you say “touchdown” in Chinese?!??

How To Find The Right Co-Working Space

Louis White – South China Morning Post

It seems everywhere you turn there is a co-working space in Australia popping up. Every capital city in Australia has co-working spaces where entrepreneurs, small businesses, individual consultants and even employees from big companies are taking up space.

FAO: So it means it’s a good business, right?


Klarna’s CEO: These Two Things Will Make Or Break A Fintech Startup

Tom Turula – Business Insider

This week, as Sthlm Tech Fest gathered the Swedish tech elite under one roof, fintech stood out as a key theme. Recent breakthroughs by homegrown payment giants like iZettle, Klarna and Bambora catalyzed a vivid discussion.

FAO: Klarna has 1,500 employees, operates in 18 countries and has Visa as a backer.


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

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News