FinTech Daily News – Edition 47, 06.09.2017
September 6, 2017
FinTech Daily News – Edition 49, 11.09.2017
September 11, 2017

FinTech Daily News – Edition 48, 07.09.2017

FinTech Daily News

by Florin Oprea

Edition 48, 07.09.2017

Deals, Investments & M&As

China’s Fintech Firms Eye Overseas IPOs To Fund Growth As regulations Tighten At Home

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?

China Sets Limits On Fintech Disruption

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?!??

Payments

UK Not As Keen On Mobile Wallets As Mainland Europe And US

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.

Why Mobile Payments Are Worrying China’s Central Bank

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.

Lending

If Peer-To-Peer Lenders Lack Anything, It Is Not Ambition

Harry Wilson, James Hurley – The Times (subscription)

Disrupting existing system will demand imaginative alliances.

Business tech

Klarna’s Newest Investor Could Hold The Key To ‘Growing The company’s Revenues Manifold’

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…

Retail banking

Atom Bank Breaks Into German Retail Savings Market

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”!

Regulation

Fintech Pushes EU To Explore Changes To Bank Software Rules

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.

European Central Bank Working On New Fintech Licensing Guidelines

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.

Here’s Why Fintech Firms Are Putting Pressure On The EU

Fortune

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.

Accelerators & Hubs

Singapore-Korea Fintech Collaboration: Marvelstone Group & Seoul Metropolitan Sign MOU

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.

FAO: LATTICE80 is everywhere. It has reached Korea… Last week it has announced its plans for a London fintech hub…and earlier this week said it’s planning its launch of operations In Vizag, India.

Events

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