by Florin Oprea
Daniel Ren – South China Morning Post
A new wave of IPOs by mainland Chinese fintech companies is taking shape as dozens of unprofitable technology start-ups rush to raise funds overseas amid tightened regulations at home.
FAO: A natural reaction, don’t you think?
Christopher Beddor – Breaking Views
China has its limits when it comes to reinventing finance. The central bank and other regulators this week banned a popular new method of fundraising through token-based digital currencies known as ICOs. It follows a similar crackdown in the United States, but Beijing may have a different reason for policing cryptocurrencies.
FAO: State losing control of the financial sector?!??
John Leyden – The Register
The UK is lagging behind other countries in mobile wallet adoption, according to a new survey.
FAO: The entire world is lagging behind Asia when it comes to fintech adoption. Differences may appear when you compare the adoption of various products. The UK is actually placed 3rd in EY’s latest FinTech Adoption Index (reported here), after China and India.
Xia Le – Nikkei Asian Review
For most Chinese officials, the sweeping trend toward the use of mobile phones to make payments is a point of pride in the nation’s technological advancement. For those at the nation’s central bank charged with managing the financial system, however, the rapid rise of cashless payments is raising concerns over their grip on the country’s money supply.
FAO: Ahem, read the first section.
Harry Wilson, James Hurley – The Times (subscription)
Disrupting existing system will demand imaginative alliances.
Tom Turula – Business Insider
Klarna last week reported some impressive revenue growth, which, combined with a push into digital banking and recent deals with VISA and Stripe make its future prospects look rosy.
FAO: Klarna is a one of Europe’s fintech VIPs. Thus its constant presence in FinTech Daily News…
Antony Peyton – Banking Technology
UK challenger bank Atom has been granted permission to offer retail deposits in Germany via a partnership with Deposit Solutions.
FAO: A good market to “attack”!
Francesco Guarascio – Reuters
European Union banks facing increasing competition from fintech firms could find it easier to invest in software under rule changes being discussed with regulators.
FAO: Interesting move. Let the games begin.
Balazs Koranyi – Independent
The European Central Bank is working on new licensing guidelines that would also cover financial technology firms, Daniele Nouy, the ECB’s top bank supervisor told a conference on Wednesday.
European Union banks facing increasing competition from financial technology firms could find it easier to invest in software under rule changes being discussed with regulators.
JD Alois – Crowdfund Insider
Marvelstone Group, the creators of LATTICE80 in Singapore, has signed a MOU with the Seoul Metropolitan Government to partner on Fintech.
Upcoming event : This September, TechHub Bucharest will host Fintech Month, a program dedicated to Romanian Fintech startups – details HERE
Upcoming event: Immersion Tour Hong Kong FinTech Week, 23-27.10.2017 – details HERE
Upcoming event: Index Ventures is coming in force to TechCrunch Disrupt Berlin this December – details HERE
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News