FinTech Daily News – Edition 51, 13.09.2017
September 13, 2017
FinTech Daily News – Edition 53, 15.09.2017
September 15, 2017

FinTech Daily News – Edition 52, 14.09.2017

FinTech Daily News

by Florin Oprea

Edition 52, 14.09.2017

Deals, Investments & M&As

A Y Combinator For Europe? Greylock Backs Mega-Accelerator

Sean Lightbown – PitchBook

London-based accelerator Entrepreneur First has raised $12.4 million in a round led by Greylock Partners. The startup, which closed a £40 million fund last year to invest in its alumni companies, also welcomes Greylock partner and LinkedIn co-founder Reid Hoffman to its board.

FAO: Entrepreneur First raised a total of $22.05m in 4 funding rounds since 2013.

Retail banking

U.S. banking Regulator Not Ready For Fintech Charter Applications

Anna Irrera – Reuters

The U.S. banking regulator, the Acting Comptroller of the Currency, said on Wednesday that he is not ready to accept applications from financial technology companies seeking a special purpose federal charter.

FinTech People

Via Business Insider – Oliver Bussmann, former CIO at UBS, joined the team behind IOTA, the ninth largest cryptocurrency on the market.

FAO: There is an upward trend of financial/bank professionals leaving the “classic” financial sector to join the ”cryptoverse”. Speaking of which, does Jamie Dimon (JPMorgan boss who slammed “cryptos” the other day) know his former employee Blythe Masters?!??She is the CEO of Digital Asset Holdings, a fintech firm developing DLT…

Latest Developments & Agreements

Four Areas Australia Should Focus On To Lead In The Coming Fintech Boom

Kate Prince – Business Insider

If Australia wants to lead the next wave of fintech innovation, it needs the next generation of start-ups to be successful.

FAO: Stone & Chalk’s CEO Alex Scandurra believes start-ups need four key things in order to succeed: Customers, Funding, Talent, Expertise…

Regulation

How Will Congress Impact FinTech?

Carlos M. Gutierrez, Jr. –  Huffington Post.

Washington finds itself attempting to perform a tight balancing act as it begins to sort out how to enact meaningful legislation which promotes and encourages FinTech innovation, while at the same time protecting consumers from potential risks.

UAE, Malaysian Financial Regulators Join Hands To Boost FinTech

Xinhua

The United Arab Emirates and Malaysia have agreed on cooperation in FinTech innovation.

Accelerators & Hubs

WeWork Files Name Infringement Lawsuit Against China’s UrWork

The New York Times

WeWork Cos filed a lawsuit against Chinese company UrWork for trademark infringement in a federal court on Tuesday and demanded the firm stop a planned launch in Manhattan where the New York-based shared workspace company dominates the market.

FAO: Last month WeWork started legal action against UrWork in London, accusing it of infringing on its trademarks. SoftBank recently announced it is backing WeWork with a multi-billion investment.

Saxo Bank Joins Copenhagen Fintech Lab

Valentina Kirilova – Leap Rate

Together with Copenhagen Fintech Lab Saxo are opening the door to connect and foster relationships with Fintech startups on a global scale.

DNT: Saxo Bank celebrates, this month, it’s 25 year anniversary. In august, the bank reported  a 4% increase of trading volumes. Congrats for the results, for the anniversary and, of course, for joining Fintech Lab.   

Associations & Federations

Britain’s Leading Fintechs Are Banding Together To Work Out A Brexit Strategy

Oscar Williams-Grut – Business Insider

Some of the UK’s top financial technology businesses have formed an industry body to protect and promote the sector’s interests post-Brexit.

FAO: Unus pro omnibus, omnes pro uno: TransferWise, Funding Circle, Onfido, Monzo, FreeAgent, MarketInvoice, and Starling Bank.

Detroit FinTech Association To Create Financial Technology Ecosystem

Baystreet

The Detroit Fintech FinTech Association announced plans to cement Detroit as a hub for FinTech innovation and to grow the existing culture of technology-driven financial services through a campaign raising awareness of the incredible financial technology hub that is forming in the city.

FAO: Very good for Detroit!

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