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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
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.
Moka, a startup from Indonesia developing POS software, has raised USD 24 million from Sequoia India.
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
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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
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