by Florin Oprea
Anna Irrera – Reuters
German exchange operator Deutsche Boerse Group has made a $10 million investment inTrumid, a New York-based financial technology startup that runs an electronic corporate bond trading platform, the companies announced on Monday.
FAO: I see bond trading platforms are still grabbing big players’ interest. DB invests $10m and will collaborate to create products for Europe. CreditEase also invested $28m in Trumid earlier this year.
Pan Yue – China Money Network
China Growth Capital has led a series A round worth tens of millions of RMB in Sunrate, a financial technology company focused on providing cross-border payment and exchange-rate risk-management solutions.
FAO: Sunrate also provides market analysis services and develops its own financial products.
Angela Castles – Smart Company
Sydney based startup Macrovue has secured an oversubscribed $1.25 million funding round from AMP, James Goodwin, Inception Asset Management and other high net-worth investors.
FAO: Among the investors – AMP, James Goodwin, Inception Asset Management and other high net-worth investors. Macrovue’s founders are former BAML quantitative analysts.
Chris O’Brien – Venture Beat
Partech Ventures announced that it had closed a $455 million early-stage fund, its fourth new fund since January 2016.
FAO: Partech has its main office in Paris, and another office in Berlin. Partech has raised more than $1 billion in new funds over the last 18 months.
Anna Irrera – Reuters
Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers.
FAO: K boom! Story of the day! Merchants using Stripe can now accept payments from hundreds of millions of Chinese consumers. Alipay has over 520 million users while WeChat Pay has more than 600 million users.
Yolanda Bobeldijk – Financial News (subscription)
JPMorgan’s interest in Worldpay is likely to be just the start of a wave of bids for European fintech companies by banks in the coming years, according to industry experts.
FAO: Yolanda talks about last week’s deal. Vantiv has offered $10 billion to buy Worldpay Group, a British payment processing firm. Previously JP Morgan made a preliminary approach to buy Worldpay – reported here.
Kamrul Alom – The Market Mogul
Over the years, people have become frustrated and disenfranchised with the banking sector.
FAO: I intentionally placed this article here. Read the article above and then read the first line of this one “Over the years, people have become frustrated and disenfranchised with the banking sector. “ So my question is: which is going to be regarded as acquisition targets in the next 10 years? Is it A. Banks or is it B. Banks?
According to a news report, Microsoft Wallet is now accepted at Ally Bank and First Light FCU. The report cited a Reddit user for discovering the mobile pay support and pointed out Microsoft has not listed the banks on the support page for Microsoft Wallet.
David Tuckwell – Alt Fi News
Fintech lender SocietyOne has hit a new corporate milestone, having written a total of A$300 million worth of loans since opening shop five years ago.
FAO: Nice growth.
Billy Wood – BDaily
German challenger bank Fidor has announced it is partnering with a pair of UK tech firms to offer its customers access to equity crowdfunding investments and wealth management services.
FAO: A win-win-win situation.
Rachel Witkowski – The Wall Street Journal (subscription)
WASHINGTON—Banks should be cautious about taking on new technologies for financial products, a national bank regulator said Friday in a semiannual report on risks facing the industry.
FAO: Hmmm. Interested to find out more about this warning. Maybe somebody from the Office of the Comptroller of the Currency can send an opinion? We will publish it.
Yolanda Redrup – Financial Review
The big banks have been challenged to stop performing “innovation theatre” and invest more money into start-ups, or risk being disrupted by major tech players such as Apple and Facebook, which have started to creep into the banks’ territory.
FAO: “Put your money where your mouth is”.
The Financial Brand
It’s a good question, and it’s also the title of a recent presentation given by Lael Brainard, a member of the Board of Governors of the Federal Reserve System.
João Marques Lima – Data Economy
Connectivity provider Dialog Axiata Group has announced the opening of Sri Lanka’s first Tier III data centre in Malabe.
Press release here.
Avi Mizrahi – Finance Magazine
Santiment, a crypto-market information network, has announced the successful completion of its token sale. The token sale reached Santiment’s intended hard cap of 45,000 ETH (worth over $10 million at the current Ethereum price level) within two days, and less than 45 seconds (within three blocks) after opening the semi-public Cofound.it portion.
Santanu Chakraborty, Candice Zachariahs & Ameya Karve – Bloomberg
India’s largest exchange resumed trading in its stock and equity derivatives markets Monday, after keeping traders on tenterhooks for about three hours with conflicting messages about what time operations would resume.
FAO: I think we are “trespassing” a bit since this is not our primary focus… but anyway a 3h outage is a mega hit, especially for National Stock Exchange of India, India’s leading exchange.
JD Alois – Crowdfund Insider
Launched a year ago, the Accelerator seeks to deploy innovative technologies on issues relevant to the Bank’s mission and operations. The Bank is seeking to develop new approaches and build its understanding of these new technologies and support development of the sector.
John McDuling – Financial Review
Adelaide is known as a city of churches, pie floaters, and lately, blackouts. Can it be a city of start-ups?Blue Sky Venture Capital thinks so. The VC arm of ASX-listed Blue Sky Alternative Investments last week won a mandate to manage a $50 million venture capital fund for the South Australian government, and it has already made its first big hire for the new endeavour.
While plenty of technology companies have lost to peer to peer, open source organizations, no one would’ve expected PayPal could face this as well.
Jordan Novet – CNBC.com
Alphabet on Monday said it has kicked off a new research initiative aimed at improving human interaction with artificial intelligence systems.
FAO: How do you see this evolving in 10 years from now? Please send us your scenarios – use the form on our Contact page.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News