Copy
Global FinTech Update #207 • 2 November 2018
News | Research | Opinions | Events
View this email in your browser
This Week in Fintech

Ripple, Flutterwave partner on secure payments for Africa-based clients 
The partnership seeks to foster healthy relationships between the rapidly emerging African business community and global organisations, banks and consumers. The instant payment delivery system makes Flutterwave the first payments company in Africa to use Ripple to expedite international transactions. Read more 

Berkshire Hathaway Invests USD 600 Million in Fintech
Berkshire Hathaway has backed two fintech companies to the tune of USD 600 million in the last few months. The investment was completed with funding to Brazilian payments processor StoneCo, after earlier investment in One97, parent of Indian mobile wallet service provider Paytm. Read more

Ping An Launches Blockchain Trade Finance Platform in Hong Kong
Realtime trading information is now being shared between 12 initial banks in the Asia Pacific after Ping An launched eTradeConnect, a blockchain-based international trade finance platform. The platform has been facilitated by the Honk Kong Trading Authority.  Read more 

Australia Post Provides Quick KYC for Bitcoin Exchange Users 
Snail Mail provider Australia Post is an unlikely source of regulatory compliant KYC checks, and will allow crypto buyers to verify their identity in minutes instead of several days. This will also eliminate the need for buyers to verify their identity repeatedly across platforms. Read more 

ABN AMRO, Rabobank and Mastercard introduce Garmin Pay
This week, Rabobank lead ABN AMRO to allow customers to utilise ‘Garmin Pay’, a Mastercard backed payment service that facilitates paying via Garmin smartwatches. It will operate in the same fashion as debit cards with NFC chips. Read more 

 
                                                                                          Share your news
Funding News

Coinbase, a US-based crypto exchange, raised USD 300 million in a Series E round led by Tiger Global Management.

PropertyGuru, a Singapore-based property tech comany, secured a USD 144 million investment from KKR.

Monzo, a UK-based challenger bank, raised GBP 85 million in a Series E round led by General Catalyst and Accel.

Akulaku, an Indonesia-based internet company focusing on e-commerce and online financial services, secured USD 70 million in a Series C round led by Fanpujinke Group.

Ess Kay Fincorp Ltd, an India-based non-banking finance company, raised USD 42 million in a round led by TPG Growth.

Ethos, a US-based insurtech, closed a USD 35 million Series B round led by Accel.
 
                                                                            Report your funding round
Research

Cryptoassets Taskforce: final report
by FCA, HM treasury, Bank of England 

This research gives an overview of cryptoassets and underlying technology, assesses associated risks and potential benefits, and sets a path forward for UK regulation and policy regarding cryptoassets and DLT. Read more 

Transformation in the global insurance market
by Mergermarket 

This report presents an overview of the insurance M&A market, analysing the numbers and dynamics behind 2018's key deals worldwide. It also considers regional variations, which are marked by varying international regulatory systems. Read more 

State of the Markets: Inside Views on the Health and Productivity of the Global Innovation Economy
by Silicon Valley Bank 

This research analyses the state of European markets via a comparison with the US market regarding growth capital, investors' behaviour, volatility and accompanying market softness for tech, and economic cycle. Read more 

To charter or not to charter? Considerations for FinTech companies seeking to apply for an OCC special purpose national bank charter
by Latham & Watkins 

This paper builds upon a recent statement by the US's comptroller and currency office where it announced it would begin accepting applications for special purpose national bank charters from non-depository fintech companies. The paper concludes that fintech companies must either obtain the appropriate state licences for their business or partner with a bank or licensed entity  to provide regulated services. Read more 

As China's Internet Firms Grow The Financial Services Pie, Banks Angle For A Larger Slice
by S&P Global Ratings 

This research concludes that financial technology is large and fast-growing in China, and the country's internet finance companies are driving banks to innovate and advance their digital offerings. Disruption in consumer payments, loans, and transaction services are paving the way for new and intense competition for Chinese banks. Read more 

World Payments Report 2018
by Capgemini 

This report analyses global payments ecosystems with a focus on non-transaction volumes, the ever-changing regulatory landscape, the changing and dynamic nature of payment service providers’ roles, and the resulting new horizons for payments and transaction banking. Read more 

 
Weekend Reads

EY Open Banking Opportunity: where open banking is set to thrive
via EY 

Institutions are coming for your crypto
via Coinbase 

The FinTech Revolution And Its Impact On Small Businesses
via Cascade Business News 

Can Financial Marketers Hit the Millennial Moving Target? 
via The Financial Brand 

How innovative technology will transform your compliance function: the role of human intelligence and machines
via ClauseMatch on LinkedIn 

Silicon Valley's sovereign wealth problem 
via Tech Crunch 


                                                               Share your expert insights 

                                                                     
Recommended Events

Insurance Innovators Summit 2018 
5-6 November, London 

Global SME Finance Forum 
5-7 November 2018, Madrid 

Web Summit
5-8 November, Lisbon 

Alternative Lending Event
7 November, Amsterdam 

WSO2Con EU 2018
13-15 November, London

LendIt Fintech Europe 2018 
19-20 November 

RegTech Expo 
20 November, London 

FINTECHMATTERS Summit 2018
21-22 November, Vienna

Regtech Event: the next step for compliance 
22 November, Amsterdam

2nd Insurance Claims Innovation Conference 
22-23 November, Frankfurt 

TRUSTECH
27-29 November, Cannes 

RegTech Rising
3-5 December, London

The New England Venture Summit 
12 December, Boston 

Monex Europe Summit
13-14 December, Frankfurt 

Paris FinTech Forum 2019
29-30 January, Paris 



Access the full event calendar here!
Innovative Start-Ups using AI for Regtech

Deloitte RegTech Challenge:
Last day to register: November 11
Add your events to our calendar!
Send us your news or press release!
Vacancies

Intern - Sales and Marketing 
Newgen Payments 

Multiple Positions
Virtual Affairs
Share on Social Media:
Tweet
Share
Share
Forward
Copyright © 2018
Holland FinTech,
All rights reserved.