Copy
Global FinTech Update #199 • September 7th 2018
News | Research | Opinions | Events
View this email in your browser
This week in fintech, the largest funding round tracked was Udaan's USD 225 million. There is also some interesting research on anti-money laundering and digital identity. Have a great weekend! 

This Week in Fintech

Munich Re buys relayr in deal worth USD 300 million
The German reinsurance company purchased the IoT provider. Insurance companies have significant strategic interest in IoT, as it can be used to monitor equipment performance, and even predict and avoid costly malfunctions. Read more 


IBM launches payments system, Blockchain World Wire
IBM has taken the system out of beta with the launch, claiming it can simultaneously clear and settle cross-border payments in near real-time. The move puts the tech company in direct competition with Ripple, which offers similar products. Read more

 
Indonesian stock exchange to launch tech platform 
The platform will host initial public offerings from start-ups. In creating the platform, the exchange hopes to list Go-jek, a start-up specialising in digital payments, and is the country’s first unicorn start-up. Read more
 
India Post Bank brings financial services to citizens’ doorsteps
Certain post personnel will be equipped with smartphones and biometric devices, accepting deposits, providing remittance services, and handling mobile payments, transfers, and purchases, amongst other services. No loans will be offered. Read more
 
Varo Money gets preliminary approval for US national bank charter
The fintech start-up recently won the approval, which paves the way for it becoming the first fully-licensed mobile-only bank in the US. Read more

 
                                                                              Share your news
Funding News

Udaan, an India-based B2B e-commerce company, raised USD 225 million from DST Global and Lightspeed Global Growth.

Portal Finance, a Columbia-based fintech, raised USD 200 million from BTG Pactual.


LendInvest, a UK-based online lender for property, secured GBP 150 million from Nomura and Magnetar.

LianLian Group, the China-based parent company of PSP LianLian Pay, secured USD 146 million from Sequoia Capital and Boyu Capital.

Monese, a UK and Estonia-based provider of a banking app, raised USD 60 million in a Series B round led by Kinnevik.


SynapseFI, a US-based start-up providing APIs for fintech, secured USD 17 million in a Series A round led by Trinity Ventures and Core Innovation Capital.
 

                                                                Report your funding round

Research

On the Threshold of a Digital Identity Revolution
by World Economic Forum 

This whitepaper explores the challenges with current identity systems and the trends that will have significant impact on identity in the future. Read more

Report on Trends, Risks and Vulnerabilities
by ESMA

This report lays down the trends, risks and vunerabilities within EU financial markets, also considering the impact of political developments such as Brexit and political tensions at the international level. Read more

Anti-money laundering and counter-terrorist financing measures, Kingdom of Bahrain
by Financial Action Task Force 

This report investigates AML/CFT measures in place in the Kingdom of Bahrain, the level of effectiveness of Bahrain's AML/CFT system, and provides recommendations for a more efficient system. Read more

How Technology Disrupts Private Law: An Exploratory Study of California and Switzerland as Innovative Jurisdictions
by Stanford Law School and the University of Vienna School of Law

This paper presents original research on technology-related and business-related law and policy issues in the EU and the US. Read more


The 2018 Insurance Value Creation Report 
by The Boston Consulting Group 

This report analyses some of the so-called bold strategies that are paying off in insurance industries on a global scale, and are also applauded by investors. The report dedicates a specific section to companies creating value via fintech solutions. Read More

 
Weekend Reads

Real Estate tokenization feels and smells like old-fashioned Securitization
via Daily Fintech 

Special Report: In Venezuela, new cryptocurrency is nowhere to be found
via Reuters 

Is big really beautiful? The limits of pension consolidation
via McKinsey 

Why do so few fintechs focus on the mass market? Are we paying enough attention to digital divide?
via MicroSave 

Breaking Banks Podcast: The UK Challengers 
via Breaking Banks 

The connected future of fintech
via Finextra


                                                                     Become a guest writer

Featured Events

TechBBQ2018 
September 24th, Copenhagen 


Hackathon: Fintech and Blockchain
October 27-28, Amsterdam 
We're also looking for volunteers for this event - apply here

Access the full event calendar here!

Order here your copy of the Dutch Fintech Navigator, your new guide for financial innovation!
Recommended Events

IBC2018
September 13-18, Amsterdam 
Discount Code: HFT20

BlockchainUA
September 14th, Kiev 

Enterprise Cyber Security Europe 
September 19th, Amsterdam 


Open Data Science Conference Europe
September 19th-22nd, London

Identity Management Europe
September 20th, Amsterdam

HubFest2018
September 20-21, The Hague 

Insurtech Event 
September 20th, Amsterdam

Amsterdam Capital Week 
September 24th, Amsterdam 

Future Applications of Blockchain 
September 24th, Antwerp

Future of Trust 
September 25th, The Hague 

Digital Finance Europe 
September 26th, Amsterdam 

E-Payment Challenge
September 26-28, Paris

Cybersecurity Week 
October 4th, The Hague 


Mortgage Tech
October 4th, Amsterdam 

20% discount - for members: 2018fintech
15% discount - for network: 2018hfintech

Emerce EDay 2018
October 11th, Amsterdam 

6th Global Summit on Artificial Intelligence and Neural Networks
October 15-16, Helsinki 

European Women Payments Network Annual Conference & Awards 
October 15-16, Amsterdam 


Altfi Amsterdam Summit 2018
November 5th, Amsterdam 
Discount Code: HollandFintech15


Access the full event calendar here!
Add your events to our calendar!
Send us your news or press release!
Fintech vacancies

Holland FinTech
Member Success Manager 
Amsterdam 

Holland FinTech
Community Officer 
Amsterdam 


Holland Fintech
Research Analyst Intern
Amsterdam 

Holland Fintech
Digital marketing intern
Amsterdam

Submit your own and explore other vacancies
Share on Social Media:
Tweet
Share
Share
Forward
Copyright © 2018
Holland FinTech,
All rights reserved.