|
|
|
|
This Week in Fintech
Nigeria’s central bank proposes fintech licensing plan
As Nigeria’s financial system is becoming more and more reliant on fintechs, its central bank states that this emergence increases risks to the country’s financial system. Therefore, it is preparing a licensing regime to take on cyber risk, capital adequacy, and operational oversight. The licenses will cover PSPs and other fintechs. Read more
Swiss give go-head on world’s first crypto ETP
The Six Swiss Exchange gave the go-ahead for the Amun Crypto exchange traded product, which will trade beginning next week. The product tracks an index of Bitcoin, XRP, Ethereum, Bitcoin Cash, and Litecoin. Read more
Amazon readying to take Amazon Pay in-store
The mobile payments system is currently available for thousands of third-party online merchants, but the platform is in talks with gas stations, restaurants, and other merchants to offer the service in brick-and-mortar stores. Read more
Poland to roll out fintech sandbox
The regulatory sandbox will be the country’s first, and will be overseen by the KNF, the country’s financial supervision authority, and operated by industry players in a decentralised manner. The sandbox targets companies innovating in the financial sector. Read more
Tencent’s WeChat Pay coming to Hong Kong railway network
Commuters in the territory will be able to travel the rails by scanning a barcode in WeChat Pay. This comes a week after Alipay announced a similar functionality where riders can pay using QR code. Read more
Moneyfarm acquires Vaamo, expands into Germany
The UK-based digital wealth manager acquired Germany’s first independent digital wealth manager for an unspecified amount. Read more
Share your news
|
|
Funding News
Sezzle, a US-based company providing an alternative ecommerce payment system, secured a USD 100 million line of credit from Bastion.
Finleap, a Germany-based outfit that builds fintech companies, raised EUR 41.5 million in a round led by Ping An’s Global Voyager Fund.
Palstiq, a US-based company providing a platform where users can pay for almost anything via credit card, secured USD 27 million in a Series C round led by Kleiner Perkins.
Instarem, a Singapore-based start-up offering overseas money transfers, raised USD 20 million in a Series C round led by MDI Ventures.
KuCoin, a Singapore-based crypto exchange, secured USD 20 million in a Series A round led by IDG Capital, Matrix Partners, and Neo Global.
Tandem Bank, a UK-based challenger bank, raised GBP 15 million from Convoy Global Holdings.
|
|
Research
Report on Strong, Sustainable, Balanced, And Inclusive Growth
by G-20
This extensive research analyses the state of G-20 economies against a background where considerations such as sustainable growth, global imbalances, and financial vulnerabilities prevail. The research further advises about policies to rebuild buffers and ensure lasting growth. Read more
FinTech in the Nordics
by Deloitte
Focusing on Nordic fintech start-ups who have received funding since January 2014, the report presents the growth of the market, what drives fintech, how start-ups position themselves towards the traditional players, and how traditional players respond, and regulation. Read more
Impact of fintech and digitalisation on the Belgian banking sector and its supervision
by National Bank of Belgium
This report summarises the results of a fintech survey conducted by the National Bank of Belgium in 2017-2018, and aims to raise awareness on the risks and opportunities of fintech, share knowledge about the state of development of fintech in the Belgian banking industry, and provide support in dealing with the challenges that fintech may pose for existing institutions. Read more
e-Conomy SEA 2018 Southeast Asia's internet economy hits an inflection point
by Google & Temasek
This paper engages the reader with the current state of the internet economy in Southeast Asia. The paper illustrates that the region's internet economy hit an inflection point in 2018 and is powered by industries like e-Commerce, online media, and online travel, while ride hailing grew at an unprecedented rate. The paper further presents key figures of the region's internet economy. Read more
Supporting fintechs in engaging with financial institutions
by BSI Group
This extensive research presents a guide to fintechs on the approaches used by financial institutions for collaboration and commercialisation of new fintech propositions. It aims to provide a framework that will allow fintechs to better prepare for and confirm that they are ready to engage with large financial institutions. Read more
The trajectory of transactions: Corporate development teams transform to drive bank growth
by KPMG
This report presents a 2018 review of the deal-making practices and state of corporate development teams among the world’s leading banks. Data collected through interviews with the heads of corporate development/ M&A teams of major banks across the globe is used to gain insights into the growth agenda of banks, their M&A strategy, their views on fintech, and more. Read more
|
|
|
|
|
|
|
|
|
