by Florin Oprea
Connie Loizos – Tech Crunch
Ellevest, a nearly three-year-old, New York-based digital investment platform built for women and led by former Wall Street titan Sallie Krawcheck, has raised $34.6 million in fresh funding.
FAO: Total equity funding now reaches $44.6 million. The current round was led by Rethink Impact. Other investors: PSP Growth, Salesforce Ventures, CreditEase Fintech Investment Fund, LH Holdings, SK Impact Fund, Morningstar, Khosla Ventures, Mellody Hobson, Ulu Ventures, Contour Venture Partners and Astia Angels.
Alex Hammond – Bobs Guide
DNT: An interesting interview with Nadeem Syed, CEO at Finastra about the Misys’ merger with D+H. This merger shapes one of the globe’s largest fintech companies by revenue size.
Tanu Pandey – Deal Street Asia
Hong Kong-based mobile lending platform operator WeLab, that operates leading lending platforms in China and Hong Kong, is actively looking to forge strategic partnerships in Southeast Asia and expects to roll out some products in the region by the first quarter next year.
FAO: As you can see, “expansion” seems to be main strategy for fintech companies in Asia. There is a powerful competition in the sector and that makes great content for our daily bulletin.
Song Jingli – China Daily
Financial technologies have overhauled the entire ecosystem of finance from the supply side, to demand side and to basic infrastructure and have caused shockwaves to the regulation and legislation, said Zhu Min, former deputy managing director of IMF, on the 2nd China Fintech Conference Agenda held in Beijing on Sunday.
DNT: .Thank you, Cpt. Obvious! 🙂
FAO: Meanwhile a major bitcoin conference fled to Hong Kong after the latest actions of the Chinese government – read more in today’s Blockchain Daily News…
Ellen Tannam – Silicon Republic
Barclays Bank Ireland announce launch of this year’s accelerator programme, with a laser focus on fintech companies. Irish fintech companies are welcome to apply to the Barclays Accelerator this week in Dublin, powered by start-up venture capital outfit Techstars.
FAO: Dublin is also eyeing London’s fintech sector after Brexit…
Richard Gluyas – The Australian (subscription)
On any given day, the collaboration model increasingly embraced by incumbent institutions and fintech companies means that a major bank will be working with 10-20 fintechs to remove clunky processes that are poison to customers.
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: Immersion Tour Singapore FinTech Festival, 14.-16.11.2017 – details HERE
FAO: Want even more details regarding these events? Don’t hesitate to contact us…
Upcoming event: Index Ventures is coming in force to TechCrunch Disrupt Berlin this December – details HERE
Artificial intelligence (AI), along with other fintech innovations, are significantly changing the ways that financial business are being run, especially in the fields like trading, insurance and risk management, leading the traditional financial industry into a new era.
DNT: So true. There are a lot of big names like BlackRock or Goldman Sach’s etc. who are successfully doing that. Undoubtedly, AI had “crossed the line” and it has a lot of benefits. The question is how to balance the benefits of AI vs. the loss of jobs. What do you think about it? Send us your opinion!
William Magnuson – Bloomberg
It has been 10 years since the last financial crisis, and some have already started to predict that the next one is near. But when it comes, it will likely have its roots in Silicon Valley, not Wall Street.
DNT: An intriguing story about the differences of 2007 vs 2017 financial environment and the effects of fintech revolution which might cause instability and disruption…and seed the germs of a new crisis. Worth reading!
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News