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Global FinTech Update #208 • 16 November 2018
News | Research | Opinions | Events
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This Week in Fintech
 
Over $1 billion raised through Facebook fundraising feature 
The amount was raised through a tool allowing users to raise funds for nonprofits and personal matters. It also is going to expand the tool to Australia and Canada. The tool is available in 20 countries. Read more 


Atom, Newcastle University create ‘FinTrust’ project 
The three-year project will research trust in financial services and how companies can create better digital banking services. Atom’s chief innovation officer says one of the applications of the research will be using blockchain to develop better mortgages. Read more 


American Express first US credit card company in China to build own payments system
China’s central bank gave the multinational financial services company the go ahead. The company will begin building a payments network with its partner in the country, LianLian. Read more 

Monzo, Starling offer cash payment solutions 
Monzo users can deposit up to GBP 300 in their account at PayPoint’s stores. Monese, Pockit, Tide and U Account are other challenger banks and fintechs using PayPoint for cash deposit solutions. This week, fellow UK challenger Starling Bank partnered with the Post Office to allow users to deposit, and withdraw, cash from Post Office branches across the UK. 

Deutsche Bank’s DWS acquires stake in Dubai-based digital investment outfit 
The bank's asset management group took a 15% stake in Neo Technologies for an undisclosed amount. Neo Technologies runs as a PaaS business, allowing financial institutions to quickly introduce digital asset management services to clients. Read more 

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Funding News

ServiceTitan, a US-based start-up providing a software platform for home services businesses, secured USD 165 million in a Series D round led by Index Ventures.

Nested, UK-based proptech start-up, raised GBP 120 million in funding.

 
Poynt, a US-based company providing a connected commerce platform, secured USD 100 million in a Series C round.

Clearbanc, a Canada-based alternative finance company, raised USD 70 million in seed and Series A rounds.


Hippo, a US-based home insurance insurtech, raised USD 70 million in a Sereis C round led by Felicis ventures.

iBanFirst, a France-based start-up offering foreign exchange payments for companies, secured USD 17 million from Serena Capital, Breega Capital, and Xavier Niel.
 
                                                                             Report your funding round
Research

The Role of Fintech In Unlocking Green Finance: Policy Insights For Developing Countries 
by ABD Institute 

This working paper explores the technologies that disrupted the financial services industry and proposes three key re-applications to provide ‘greener’ finance. Blockchain is highlighted as having potential to encourage sustainable production, in part by providing supply chain transparency. It also proposes an opportunity to decentralise the energy market via blockchain, and additionally as a vessel to encourage greener investment via ‘green bonds’. Read more 

Making Money Smart: Empowering NDIS participants with Blockchain technologies
by CSIRO & CBA

The Commonwealth Bank of Australia and the country’s chief scientific governmental agency, CSIRO, conducted a trial that tokenised government funds and distributed them via smart contracts to participants as part of their disability pension. The report details the results and explores potential future use cases of the prototype app. Read more 

2018 Webroot threat report mid year update
by Webroot 

Detailing the trends in cyberthreats, this report explores the evolving tactics used including cryptomining, which is hailed as the new number one threat. In more positive news, it also identifies trends, systems and collaborations that have helped combat these attacks. Read more 

Casting Light on Central Bank Digital Currency
by IMF 

This discussion note introduces a conceptual framework for Central Bank Digital Currencies, and explores potential benefits and costs while overviewing pilot studies conducted around the world. Ultimately it finds anonymity, traceability, security and the attractiveness of alternatives as the most critical factors to potential adoption, imploring central banks to seriously consider greater research to keep up with the digitizing economies. Read more 

New ecosystems in wealth management and how clients will benefit
by PWC

This report welcomes the wealth management sector’s disruption by fintech driven wealth-management platform-based ecosystems. Comparing the benefits realised by platform based services in other sectors, and the current technological lag in wealth management, this report identifies the opportunity for robo-advisory, AI and fintech in general to capture the market. Read more 

ASEAN Investment Report 2018 Foreign Direct Investment and the Digital Economy in ASEAN
by ASEAN Secretariat & UNCTD

This report overviews the ASEAN region's rapidly digitizing economies, highlighting it as an investment destination of choice. It details investment trends, investment activities in particular key countries and highlights the fintech companies and business groups that are driving digitalization.
Read more 
 
Weekend Reads

Fintech and Its Importance for the European Union
via Duke University's FinRef Blog 

October 2018 FinTech VC Funding – Lending, B2B FinTech & Cryptocurrency Top the Charts
via Gomedici 

Economic Volatility Ahead, Proceed With Caution, Forrester Warns Banks
via Forbes

Data is Powerful, But Not Banking’s ‘Silver Bullet’
via The Financial Brand 

Banks in the changing world in financial intermediation
via McKinsey 

A Symbiotic Approach to Fintech Innovation

via Morgan Stanley 

                                                              Share your expert insights 


                                                                     
Recommended Events

LendIt Fintech Europe 2018 
19-20 November 

Temenos MarketPlace: Fintech in 2018
20 November, Amsterdam 

Shift Money 2018
20 November, Zagred


RegTech Expo 
20 November, London 

Data Protection World Forum 
20-21 November, London 

FINTECHMATTERS Summit 2018
21-22 November, Vienna

EXECinsurtech
21-22, Cologne

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

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

Impact Fintech '18
28 November, Lodz

Legal Deep Dive
23 November, Amsterdam 

MoneyLIVE Summit 
26 November, London

TRUSTECH
27-29 November, Cannes 

RegTech Rising
3-5 December, London

FinTech Connect 
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 



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Holland FinTech,
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