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