|
|
|
|
This Week in Fintech
Austria to be first European country to issue government blockchain bond
In early October, the Austrian government will release EUR 1.15b in blockchained bonds, following the CBA-supported release of the first blockchain based bonds by the World Bank. Read more
Tencent backs Philippine fintech Voyager, sparking fintech competition with Alibaba in Philippines
Tencent’s minority stake in Voyager with KKR is reported to be worth up to USD 175 million. Alibaba's Ant Financial invested in Mynt, Voyager's competitor, as the two Chinese firms seek to gain footholds in the Philippines’ emerging fintech market. Read more
Major EU banks support Open Banking Europe PSD2 directory launch
Preta, a subsidiary of EBA Clearing, has brought 40 bank and tech firms on board for Open Banking Europe. The initiative focuses on regulatory concerns regarding interoperability of bank data-sharing initiatives under the regulation. Read More
Singapore rolls out digital trade platform, biggest shipper goes digital with IBM
Singapore’s government launched the Networked Trade Platform, where the entire trade ecosystem can do business. The government also has agreements with China Customs and other national agencies to build international connectivity. Additionally this week, Singapore’s biggest shipper partnered with IBM to digitise bills of lading using blockchain.
ECB may need to expand instant payments role, US Fed seeks faster-payments assistance
ECB board member Yves Mersch noted that the continent needed a broad, cheap and instant retail payment system to keep foreign competitors from conquering the market. Here, the ECB may need to step in. On the other side of the pond, the US’s Federal Reserve is seeking feedback from public stakeholders on how it can bring its goal of real-time gross settlement of faster payments into reality.
|
|
Funding News
Petal, a US-based fintech making a no-fee credit card, secured USD 34 million in a round from Jefferies and Silicon Valley Bank.
Kooltra, a Canada-based company helping financial institutions and non-banks modernise and automate foreign exchange operations, raised CAD 6.5 million in a funding round that included Hyde Park venture Partners and Round 13 Capital.
Tima, a Vietnam-based P2P lending start-up, secured USD 3 million in a Series B round from Belt Road Capital.
|
|
|
Research
Community Banking in the 21st century
by Research and Policy Conference
This report presents survey results addressing various trends in the US regarding small business banking services, mergers, acquisitions, management succession, and financial technology. Read more
What We've Learnt About Accelerating Impact in India
by Omidyar Network
This research covers recent developments in India regarding digital identity, emerging technologies, financial inclusion, governance and citizen engagement, and property rights. It examines a number of crucial steps led by the government and how these have been bolstered by a vibrant entrepreneurial ecosystem and rapid technological developments. Read more
SME Finance – Where Are We Now?
by UK Finance
This short report assess the aftermath of the 2008 UK financial crisis in terms of SME finance, looking at the factors that shape the current SME loan market from banks in the country. Read more
Key to SME Growth
by FICCI
Focusing on the Indian economy, this report centres SME growth. It further presents a guideline, touching upon issues such as funding channels, new vistas of opportunities for the SME sector, financial management, the role of credit rating agencies in promoting the sector, and the role of asset restructuring companies. Read More
Regulatory Framework for Mitigating Key Resilience Risks
by European Banking Authority
This paper covers digitalisation trends in financial services and related risks, operational resilience as a new challenge and the EBA’s response: mitigation of resilience risks in outsourcing and use of third party service providers. Read more
The Insights Review September 2018
by ICG
This report summarises the most relevant perspectives and research reports concerning human capital, risk & compliance, customer experience, macro financial services, corporate & investment banking/ institutional markets, payments, and fintech, from the world's leading consulting firms including Accenture, Capgemini, Deloitte, Ernst & Young, KPMG, McKinsey, and PwC. Read more
|
|
|
|
|
|
|
|
|
