FinTech Daily News – Edition 63, 02.10.2017
October 2, 2017
FinTech Daily News – Edition 65, 04.10.2017
October 4, 2017

FinTech Daily News – Edition 64, 03.10.2017

FinTech Daily News

by Florin Oprea

Edition 64, 03.10.2017

Deals, Investments & M&As

Fino Payments Bank Looks To Acquire Fintech Startups

CR Sukumar – Economic Times

Fino Payments Bank is looking to acquire startups in the area of banking and mobile technology products and distribution platforms, apart from roping in strategic investors for the next phase of growth over the next six months.

FAO: Fino following the fintech acquisitions trend in India.

Business tech

Fintech Startup Curve Partners With Accounting Software Xero To Make Filing Expenses ‘Frictionless’

Steve O’Hear – TechCrunch

Curve, the London fintech startup that lets you consolidate all your bank cards into a single card and track your spending, has partnered with accounting software Xero to remove much of the friction involved in filing expenses. The move is part of the newly-launched ‘Curve Connect’ feature that will see Curve connect to a growing list of third-party apps and services to make managing your money easier.

FAO: Win – win deal. Cool!

Retail banking

SoFi’s CEO Hiatus Stalls Its Big-Time Banking Ambitions

The New York Times

Under the leadership of Chief Executive Mike Cagney, Social Finance Inc (SoFi) set its sights on becoming a one-stop shop for every well-to-do millennial looking for financial services and a romantic partner.

DNT: The side effects of female employees harassment scandal…It will take some time to recover this delay…

FAO: Use our Archive to find more articles related to the mega scandal affecting SoFi.

Cap Markets & Other

How Crowdfunding Has Influenced Start-Ups

Julee Morrison – Huffington Post

Many entrepreneurs in recent years have turned to crowdfunding as a way to reach a large audience to fund product ideas and business models.

DNT: I think that saying crowdfunding influenced startups in a positive way is now a truism..Even so, this is a nice and useful story, especially for those who are still having doubts or those who are in the first contact with the field.

FinTech People

Via Business Insider – Equinix appointed company veteran Brian Lillie as Chief Product Officer and promoted Laura Ortman as Chief Customer Officer.

FAO: Equinix has been very busy with its expansion this year. New appointments and promotions are strongly needed in such cases. Good luck!

Accelerators & Hubs

Kingdom’s Prospects For Fintech Discussed

Robin Spiess – The Phnom Penh Post

Speaking at the Inspire Asean event, Tomas Pokorny, CEO of mobile payment platform Pi Pay, insisted Cambodia was ready for a rapid uptake of digital services.

DNT:  Cambodia, a “virgin” market, full of possibilities for fintech, even if the most part of its population is unbanked…Or, in fact, due to this situation.  

Analysis

What’s £38m Of “Other Expenses” Between Friends?

Kadhim Shubber – Financial Times (subscription)

A fun thought experiment is to imagine what the American startup scene would look like if private companies were subject to the same corporate disclosure requirements as they are in the UK. Imagine the conversations about Uber, a behemoth with billions in revenue and billions in losses, if it were forced to file its full accounts publicly each year. A journalist can only dream.

Other news

Fintech Awareness Is Surprisingly Low In The UK

Maria Terekhova – Business Insider

Despite the high number of UK consumers who use financial products and the extent of financial services penetration in the country — 91% of people across the UK have a current account, and 67% use contactless payments at least once a month — awareness of fintech services in the UK remains low.

FAO: So the UK is one of the leaders in fintech adoption but the Brits don’t know it yet…

 

FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News

DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News