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Global FinTech Update #200 • September 14 2018
News | Research | Opinions | Events
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Our 200th newsletter! For nearly four years we have been sending a weekly roundup of global fintech news every friday. Again this week we saw some great things happening in the global and local ecosystems. Take a look at the news and enjoy your weekend reads.

This Week in Fintech
 
Varo Money partners with Temenos
The deal with the Swiss core banking vendor Temenos includes implementing the T24 platform. Read more
 
KPMG acquires minority stake in AdviceRobo
The startup uses AI on non financial data to predict risk of potential borrowers. Read more
 
European Commission eyes stricter AML enforcement
The news comes just a week after Dutch banking giant ING received a EUR 775 million fine for money laundering. Read more
 
Mastercard partners with Microsoft
The collaborative platform, Mastercard Track, enables business to make seamless payments to eachother. Read more
 
Paypal debuts FundsNow
The features allows companies in good standings with Paypal to get instant payments for their transactions. Read more

Insurtech Wrisk partners with BMW
The UK startup has closed a deal which makes it the sole BMW & MINI car insurance in the UK. Read more
 
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Funding News
 
Q4, a global provider of capital market solutions, has raised USD 38 million in Series C led by Napier Park Financial Partners
 
Kissht, an Indian digital lender, has raised USD 30 million in Series C led by Vertex Ventures and Sistema Asia Fund.

OneDegree, an insurtech startup from Hong Kong, has raised HKD 200 million in Series A funding.
 
Moka, a startup from Indonesia developing POS software, has raised USD 24 million from Sequoia India.
 
SimpleFinance, a Russian SME lender, has raised USD 15 million through an investment by SBI Group.
 
Arkose, a US-based provider of fraud prevention technology, has raised USD 6 million in Series A led by US Venture Partners.
 

                                                                Report your funding round

Research
Consumer Credit, Digitalisation and Behavioural Economics Are new protection rules needed?    
by European Credit Research Institute

Over the last decade, consumer credit markets have been transformed markedly in Europe. This research analyzes the digitalizsation of the supply chain, revisions on the Consumer Credit Directive of the EU revisions in line with the Digital Single Market Strategy, right of withdrawal and early repayments, under the lens of behavioral insights. Read more

Technology Based Innovations for Regulatory Compliance (“RegTech”) in the Securities Industry    
by FINRA

Authored by FINRA, this paper provides a summary of how RegTech tools are being applied in the following five areas: surveillance and monitoring, customer identification and antimoney laundering (AML) compliance, regulatory intelligence, reporting and risk management, and investor risk assessment. The paper also highlights key benefits and potential regulatory and implementation implications for broker-dealer firms to consider as they explore and adopt RegTech tools. Read more

IMF Working Paper. Fintech, Inclusive Growth and Cyber Risks: A Focus on the MENAP and CCA Regions
by IMF

This paper reviews the fintech landscape in the MENAP and CCA regions, identifies the constraints to the growth of fintech and its contribution to inclusive growth and considers policy options to unlock the potential. Read more

A Decade Since Disaster: Lessons From The Economic Crisis    
by research*eu

Authored by research*eu, on behalf of the European Commission, this report showcases 14 finished or soon-to-be-finished projects that have delved deep into the causes, consequences and lessons learnt from the Euro crisis erupted beginning with the troika's bailout of Greece, and followed swiftly by similar rescue plans for Ireland, Spain, Portugal and Cyprus. Read more

Everything you need to know about what Amazon is doing in financial services    
by CBinsights

This report analyzes different aspects of Amazon's foray into financial services, and where it's rumored to be looking next. From payments to lending to insurance it is attacking the financial firms from all directions all without applying to be a traditional bank.  Read more

The Global Financial Centres Index 24    
by Z/Yen

This extensive research provides evaluations of competitiveness and rankings for the major financial centres around the world, including Asia Pacific, North America, Eastern Europe, Western Europe, Central Asia, Middle East, Africa and Latin America. Read more

 
Weekend Reads
 

 

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Featured Events

Member Walk-In
September 17th, Amsterdam

Fintech Insights
October 3rd, Amsterdam


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!

Recommended Events

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

HubFest2018
September 20-21, The Hague 

Amsterdam Capital Week 
September 24th, Amsterdam 

Future of Trust 
September 25th, The Hague

Cybersecurity Week 
October 4th, The Hague 


Digital Transformer Award
October 11th, Amsterdam


Access the full event calendar here!
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