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This week in fintech, the largest funding round tracked was Dfinity Foundation's USD 102 million. There is also some interesting research on start-up founders and health, current cybersecurity threats, and central banks issuing their own digital currencies. Have a great weekend!
This Week in Fintech
Swiss watchdog to propose looser anti-money laundering rules for fintechs
Swiss financial regulator FINMA is planning to loosen anti-money laundering rules for smaller fintech firms as part of a drive to boost innovation and shore up the country’s position as a leading money management hub. Read more
QPay launches for students in UK and Australia
The student-centred payment platform helps students save money and has its eyes on becoming a challenger bank. Read more
Google partners with 4 Indian banks for online consumer lending
The parties will offer instant, pre-approved loans within Google Pay, as a bid to make an impact in the world's fastest growing mobile market. Read more
UBS to sell its digital wealth platform to fintech
The Swiss bank is selling the intellectual property rights of its British digital wealth management platform, SmartWealth, to wealth management start-up SigFig. The sale is due to the limited short-term potential of the service, according to the bank. Read more
Ebury is first fintech to go live with Swift gpi
The fintech specialises in corporate global transaction services, and is the first fintech outfit to implement Swift's payment solution, which is used by over 200 financial institutions worldwide. Read more
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Funding News
Dfinity Foundation, a Switzerland and US-based developer of a blockchain computer that scales crypto, raised USD 102 million in a funding round led by Andreessen Horowitz and Polychain Capital.
Planday, a workforce collaboration platform for shift workers, has raised EUR 35 million in Series C led by SEB Private Equity.
Deserve, a US-based analytics-based fintech company helping users build credit and financial independence, nabbed USD 17 million in a Series C round led by a strategic investor.
Apperio, a UK-based legaltech start-up, raised USD 10 million in a Series A round from existing investors and various angels.
Paystack, a Nigeria-based payments start-up, raised USD 8 million in a Series A round led by Stripe.
AirTM, a US-based startup providing innovative financial services to consumers and businesses throughout Latin America, raised USD 7 million in a Series A round led by BlueYard Capital.
Report your funding round
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Research
How Life & Annuity Companies Can Embrace Modern Platforms to Boost Direct-to-Consumer Capabilities
by Cognizant
This report looks at how life and annuity incumbents can appeal to customers and create better consumer strategies and technology support systems. Read more
Fitness, fulltime and foresight: Research into the wellbeing of startup founders and entrepreneurs
by KPMG
Australian founders spend an average of 64 hours per week working, and this type of stress has very real implications for their mental and physical wellbeing and how they lead their companies. This report gives insights into the lives of Australian founders detailing stress, working hours, and physical activity. Read more
Blockchain is here. What’s your next move?
by PwC
This report surveyed 600 executives in 15 countries and territories on what they’re doing with blockchain and their views on its potential. 81% of executives reported having blockchain initiatives underway. Read more
Cyber Threatscape Report 2018
by Accenture
This report delves into current cybersecurity threats, including threats to critical infrastructure and extended supply chains, and topics like miner malware, legislation, and mitigation methods. Read more
Strategic Review of Retail Banking Business Models
by The Financial Conduct Authority
The FCA released this report that looks at what factors have contributed to large UK banks remaining dominant in the personal current accounts market following the financial crisis and competition from challenger banks. Read more
Central Bank Digital Currency and Monetary Policy
by the Bank of Canada
As many central banks are thinking about issuing their own digital currencies, this paper looks at different scenarios regarding optimal monetary policy using a mix of central bank digital currencies and cash, cash-only, and only central bank digital currencies. Note: This paper is very technical. Read more
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