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Fintech Briefing for 04/23/2019

 

Here are the stories which you need to know today (learn more about Story Impact):


Ideanomics Markets AI Solutions to Institutions and Enterprise Under Intelligenta
Apr 23, 2019 12:21 am

Ideanomics is a global Fintech and AI catalyst for transformative industries combines deal origination and enablement with technology and applications as part of the next-generation of financial services. We drive shareholder value through 3 primary divisions: Artificial Intelligence (AI) Division, Digital Banking and Advisory, and Digital Asset Management...

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WASHINGTON DC - A San Francisco-based company agreed to pay a fine of $3 million for miscalculating and materially overstating annualized net returns to retail and other investors.
Apr 23, 2019 12:17 am

Michael, Chief of the SEC Enforcement Division's Complex Financial Instruments Unit said Friday. "As this case shows, we are committed to holding fintech companies to the same standards applicable to other participants in the securities markets." Without admitting or denying the findings, Prosper consented to the entry of an SEC order finding that it...

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Underground Collision ‘Collides’ With CUSOs, Startups, & Thinking Big
Apr 23, 2019 12:15 am

Underground Collision was held in conjunction with NACUSO’s annual meeting. “Underground Colliders challenged credit unions’ and CUSO’s preconceived notions of what they are and what they’re intended to do,” said Mitchell Stankovic. Among the debates during the meeting were “CUSOs: For Profit or For Credit Unions,” “FinTech: Hype or Game-Changing Partners...

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Rent Manager Announces Sponsorship of AvidXchange's REVx 2019
Apr 23, 2019 12:14 am

...distinguished as a global fintech unicorn and one of the fastest growing technology companies in the U.S., offering a complete solution designed to help mid-market businesses modernize operations and embrace the future of finance. For more information, visit...

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Global Partnership Director for Leading Machine Learning and Big Data Company
Apr 23, 2019 12:12 am

...degrees in physics, mathematics or computer science and have worked previously in various industries, such as banking/fintech, FMCG, manufacturing and air transport. ​ By combining talent with deep internal specialization and their own processes of training industry’s newcomers, they are able to quickly deliver high quality projects at scale. See more...

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Mercadolibre (NASDAQ:MELI) versus WNS (WNS) Critical Analysis
Apr 23, 2019 12:11 am

...that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, and allows merchants to process...

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Kony Adds To Leadership Team With Two New Hires
Apr 23, 2019 12:10 am

The fintech app maker has brought in executives from Forcepoint and Kimbia.

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Upco International Inc. Announces Year Ended 2018 Results
Apr 23, 2019 12:09 am

Apple iOS and Android, similar to SKYPE and WhatsApp. Upco reported revenues US$2,514,627 (2017 - US$6,688,138) and a net loss of US$2,490,682 (2017 - US$1,212,152) for its fiscal year 2018. Highlights for 2018 Upco made significant investments in Technology and Resources to enter the Fintech industry. The Company released a revamped version of its...

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Gates Foundation’s Mojaloop Finance Code Gains in Africa And Asia
Apr 23, 2019 12:09 am

...in early theatre fintech startups in Sub-Saharan Africa and Asia. It recently hold a hackathon to deliver tech companies to Mojaloop and work with them on intensity solutions regulating a code. In his invitation for a Mojaloop hackathon in Tanzania, Jake Kendall, executive executive for DFS Lab, said: “ Mojaloop is a apparatus that can assistance...

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PH prepared for ‘Finance 2.0′ though needs improved internet, change of ‘mindset’ – ABS
Apr 23, 2019 12:07 am

MANILA—The nation is prepared to leapfrog into mobile-led banking and financial dubbed “Finance 2.0″, an central of financial services association Fiserv pronounced Monday. Fiserv comparison vice-president Marc Mathenz pronounced a Philippines is during an “inflection point,” where digital financial services can be adopted during a really fast...

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Fintech firms have wrestled with e-money applications. Officials say the system runs fine
Apr 23, 2019 12:06 am

The Central Bank said that it is satisfied with the ‘robustness of the process’. EARLIER THIS YEAR, fintech firms were feeling frustrated with the Central Bank of Ireland’s electronic money licence application system, claiming it “often crashes” – but officials say the processes are running fine. The Electronic Money Association, a trade body that...

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Independent Bank Group, Inc. Reports First Quarter Financial Results
Apr 23, 2019 12:02 am

...information systems, the costs the Company or Independent Bank incur to provide security against such attacks and any costs and liability the Company or Independent Bank incurs in connection with any breach of those systems; (34) the potential impact of technology and “FinTech” entities on the banking industry generally; (35) our success at managing the...

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[Marketing] Banking Experience (Everyone with a bank account)
Apr 23, 2019 12:01 am

Hi everyone! I'm co-founder of a fintech startup called Trellis, and we are currently running a quick survey on peoples financial experience for market research! If you could please take a little time and complete this survey it would be much appreciated. Thanks in advance! [https://www.surveymonkey.com/r/KMZTFSS](https://www.surveymonkey.com/r...

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Unglaubliches Potenzial:
Apr 23, 2019 12:00 am

Mogo Finance Technology (MOGO) Stock: A FinTech Play with Incredible Potential CORAL SPRINGS, FL / ACCESSWIRE / April 22, 2019 / Mogo Finance Technology Inc. (NASDAQ: MOGO) recently caught our attention after announcing merger news. In the release, the company said that it signed a definitive agreement to merge with Difference Capital. Mogo...

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Prosper Funding of San Francisco and Phoenix hit with $3 million fine
Apr 23, 2019 12:00 am

...thousands of investors that their returns were higher than they actually were despite warning signs that should have alerted Prosper that it was miscalculating those returns," Daniel Michael, Chief of the SEC Enforcement Division's Complex Financial Instruments Unit said Friday. "As this case shows, we are committed to holding fintech companies...

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U.S. Securities and Exchange Commission settles with fintech company
Apr 22, 2019 11:58 pm

...thousands of investors that their returns were higher than they actually were despite warning signs that should have alerted Prosper that it was miscalculating those returns," Daniel Michael, Chief of the SEC Enforcement Division's Complex Financial Instruments Unit said Friday. "As this case shows, we are committed to holding fintech companies...

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Fision Appoints Laurence Mascera to Board of Directors, COO Role
Apr 22, 2019 11:57 pm

..., effective April, 15, 2019. As an executive, Mascera brings more than 25 years of FinTech experience with a proven track record of creating efficiencies and enhanced value by executing transformative change. With his appointment, the company’s board will be comprised of four members, with one serving independently. “Having spent the last year...

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Startups see RBI’s fintech sandbox as a positive but wary of some clauses
Apr 22, 2019 11:56 pm

RBI's fintech sandbox allows startups to test out new financial products in realtime with limited regulations The fintech sandboxing will, however, be for a limited set of customers and only 10-12 fintech companies Mumbai: Startups have welcomed RBI's proposal to start the so-called regulatory sandboxes where they can test out new financial...

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Research Capital -- target $12.00 per share
Apr 22, 2019 11:52 pm

...securitize its loan book, accelerating the transition to a capital light revenue growth model. We value Mogo on a net core revenue basis (i.e. total revenue less loan fees and less funding interest): Mogo trades at ~1.6x 2019 core net sales vs. FinTech names at ~5.2x. Peer multiples appear to have gone up ~0.4x since our preview, while Mogo is unchanged...

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McKINNEY, TX / ACCESSWIRE / April 22, 2019 /
Apr 22, 2019 11:51 pm

...digital information systems, the costs the Company or Independent Bank incur to provide security against such attacks and any costs and liability the Company or Independent Bank incurs in connection with any breach of those systems; (34) the potential impact of technology and'FinTech' entities on the banking industry generally; (35) our success at...

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Late Night comedy show meetup! StartUp Late Night @ Rise NY, Thursday, April 25th, 7pm
Apr 22, 2019 11:50 pm

...theme is FinTech and so we have a bunch of Fintech cofounders & investors coming in. Guests for the evening: - Natalie Fratto, New Market Development at [Silicon Valley Bank](https://www.svb.com/) - Diane Henry, Seed Investor at [Rogue Capital Collective](https://www.roguecapitalcollective.com/) - Laurel Taylor, Founder of [FutureFuel.io](http...

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Public Bank eyes RM90bil loans
Apr 22, 2019 11:42 pm

...includes spending on digital infrastructure. “Of this amount, about RM90mil was spent specifically on fintech-related initiatives. “Going forward, the Bank is planning to invest another RM600mil in the next three years to further enhance ICT infrastructure, digital capability and knowledge,” he said. Public Bank said it is currently working on several...

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Gunderson Direct Inc. - Latest News - Gundir | PRLog
Apr 22, 2019 11:32 pm

What an incredible turnout at this year's annual Lendit Fintech conference, held here locally in San Francisco! With over 5,000 attendees and hundreds of speakers from the top fintech companies, this year's conference was packed with the latest topics...

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Could graph technology reduce the risk of another economic collapse? – FinTech Futures
Apr 22, 2019 11:32 pm

...application. All of this raises the risk associated with new company, raising an immediate CDD alert to be looked at and investigated further by the banking staff. Fintech start-up IceKredit, for example, is using graph technology to create credit scores for small businesses and individuals in the US and Asia with limited financial transaction history...

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/sci/ - Can someone explain me why computer science is so - Science & Math - 4chan
Apr 22, 2019 11:24 pm

...things. We even hunted mammoths in our early days. Oh, sorry. Yeah, I don't hang around the slums of low tier app development. All I know is that in fintech circles (think the guys that make the average salary of programmers be 6 figures when the average programmer makes 30k) we are mostly mathematicians, physicists, some statisticians. CS...

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Heritage Global (OTCMKTS:HGBL) & Digiliti Money Group (DGLT) Financial Survey
Apr 22, 2019 11:15 pm

Money Group, Inc. provides cloud-based software-as-a-service (SaaS) financial technology (fintech) solutions to the financial services industry in the United States. It provides Select Mobile Money, a prepaid mobile money platform that links various mobile banking features with a prepaid debit card issued by financial institutions or alternative...

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Deepening share of wallet of current customers paid ...
Apr 22, 2019 11:13 pm

...continues, with significant enhancements across digital channels by deepening its partnerships with leading fintech players to deliver a superior customer experience. Robust risk management and improving portfolio quality The NPL (non-performing loan) indicator in the first quarter stayed flat at 5.9 per cent in line with full year 2018, despite...

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Global Accelerex seeks expansion in Africa
Apr 22, 2019 11:11 pm

The financial technology (FinTech) firm, Global Accelerex, is expanding its footprints to sub-Saharan Africa, having fully established itself as the Fintech firm of choice in the country. Its Managing Director,Tunde Ogungbade, who spoke during a media roundtable in Lagos, said the firm has positioned itself for rapid expansion into the African...

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Critical Comparison: Wins Finance (WINS) & LM Funding America (NASDAQ:LMFA)
Apr 22, 2019 11:11 pm

. Wins Finance Holdings Inc. is a subsidiary of Freeman FinTech Corporation Limited. Receive News & Ratings for LM Funding America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LM Funding America and related companies with...

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Hexindai (HX) vs. Wins Finance (NASDAQ:WINS) Critical Contrast
Apr 22, 2019 11:07 pm

Republic of China. Wins Finance Holdings Inc. is a subsidiary of Freeman FinTech Corporation Limited. Receive News & Ratings for Hexindai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexindai and related companies with MarketBeat.com's FREE daily email newsletter.

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Goldman Sachs rehires Barclays banker for private deals team
Apr 22, 2019 11:07 pm

...sectors such as technology, fintech and biotech, and both are seeking to expand them. Goldman wants private deals to account for between 20% and 30% of revenues in its European equity capital markets business this year, according to people familiar with the matter. Goldman Sachs was contacted for comment.

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Gunderson Direct Inc. Comments On The Lendit Fintech 2019 Conference
Apr 22, 2019 11:03 pm

What an incredible turnout at this year's annual Lendit Fintech conference, held here locally in San Francisco! With over 5,000 attendees and hundreds of speakers from the top fintech companies, this year's conference was packed with the latest topics impacting the industry. Apr. 22, 2019 / PRZen / HAYWARD, Calif. - Among the discussions featured...

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Labor's AI vision for Melbourne
Apr 22, 2019 11:00 pm

...out using legislative mechanisms if we need to progress this further." As well as corporate and academic collaboration projects, the Melbourne centre will incorporate a new AI-focused start-up accelerator, to nurture emerging companies in a similar way to the fintech-focused Stone & Chalk in Sydney. The AI centre of excellence will be seen as a...

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Digiliti Money Group (OTCMKTS:DGLT) vs. Heritage Global (HGBL) Head-To-Head Review
Apr 22, 2019 10:59 pm

Digiliti Money Group, Inc. provides cloud-based software-as-a-service (SaaS) financial technology (fintech) solutions to the financial services industry in the United States. It provides Select Mobile Money, a prepaid mobile money platform that links various mobile banking features with a prepaid debit card issued by financial institutions or...

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City grind: Will law's stuffy image and long hours stop it attracting top talent? | City A.M.
Apr 22, 2019 10:50 pm

London’s tech and startup scene offering new opportunities for young grads in a more relaxed and less corporate atmosphere. Darren Roiser, London managing partner at Asian legal giant King & Wood Mallesons, says: “London has changed. Twenty years ago the concept of fintech didn’t exist, now people look around and they see start-ups with people who...

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ALEX BRUMMER: The private equity boom that threatens bust for stock market dogs
Apr 22, 2019 10:46 pm

...control. The great argument for this form of ownership is that it allows managers the freedom to make ruthless decisions and to invest without the scrutiny of the public markets. And to be fair to private equity owners, not all of its charges are rotten. The UK fintech group Worldpay became a global leader under private equity tenure and last month...

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Kony adds to leadership team with two new hires
Apr 22, 2019 10:45 pm

Kony Inc. has added two Austin executives to its leadership team. Brian Miller is the fintech app maker’s new executive vice president and chief customer officer and Conleth O’Connell is Kony’s new chief information and security officer. Miller comes to Kony from cybersecurity company Forcepoint, where he was senior vice president of customer...

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Cyber Security Market in Fintech Market in Fintech Market Future Trends and Scope Analysis Key Players: American International Group, Axis Holding capitals, XL Catlin Group Limited, GSK Insurance and 10 other companies.
Apr 22, 2019 10:38 pm

Cyber Security Market Key Players: American International Group, Axis Holding capitals, XL Catlin Group Limited, GSK Insurance and 10 other companies. Cyber Security Market in Fintech Market in Fintech Market Research Report Forecast 2019-2026 is a valuable source of insightful data for business strategists. It provides the Cyber Security Market...

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Future FinTech Group Announces Receipt of Letter from Nasdaq and Intent to Submit Plan of Compliance
Apr 22, 2019 10:37 pm

XI'AN, China, April 22, 2019 /PRNewswire/ - Future FinTech Group Inc. (NASDAQ: FTFT; the "Company"), a financial technology company and integrated producer of fruit-related products, today announced that on April 17, 2019, the Company received a notification letter from the NASDAQ Listing Qualifications ("NASDAQ") stating the Company was not in...

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Howland Capital Management LLC Cuts Holdings in Mercadolibre Inc (MELI)
Apr 22, 2019 10:35 pm

...-holdings-in-mercadolibre-inc-meli.html. Mercadolibre Profile MercadoLibre, Inc operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial...

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INDEPENDENT BANK GROUP, INC. REPORTS FIRST QUARTER FINANCIAL RESULTS
Apr 22, 2019 10:35 pm

...security of, and breaches of, the Company or Independent Bank's digital information systems, the costs the Company or Independent Bank incur to provide security against such attacks and any costs and liability the Company or Independent Bank incurs in connection with any breach of those systems; (34) the potential impact of technology and "FinTech...

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Soaring population to ramp up housing pressure in capital
Apr 22, 2019 10:33 pm

The only problem with your scenario A is that the migration of Finance, Fintech and IT firms is all ready happening. Any company that waits until after Brexit is leaving it too late.

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Proptech startup DAX Ventures raises $1.2M in seed funding round
Apr 22, 2019 10:31 pm

No Comments Proptech startup DAX Venture is diving into the newly developing proptech sector in Malaysia. Recently, the startup announced that it has ended a seed funding round for its subsidiary RentDAX, with RM 5 million (approximately US$1.2 million) The company is co-founded by successful fintech entrepreneur Chang Chew Soon who served as the...

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"Hackdays MLP sind Teil unserer Digitalisierungsstrategie"
Apr 22, 2019 10:30 pm

...digitales Ökosystem inklusive einer Vernetzung mit Fintech-Angeboten integriert. Im vorgestellten Prototyp können die Nutzer zum Beispiel ihre Bankdaten importieren. Auch diese Idee werden wir weiterverfolgen, aber eher mittelfristig.Kurzer Blick in die Zukunft: Bleiben die Hackdays ein einmaliges Ereignis? Welche Pläne stehen für die Zukunft an? Die...

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Howland Capital Management LLC Sells 1,227 Shares of Mercadolibre Inc (MELI)
Apr 22, 2019 10:29 pm

...in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that...

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What are salaries for cryptographers like?
Apr 22, 2019 10:28 pm

Idk. Fintech is all over the place. West coast, east coast (especially NE) , even KC Kansas/Missouri has some action along with Austin.

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get\Worth Aims to Change the Way People Buy and Sell Preowned Cars
Apr 22, 2019 10:24 pm

...getWorth provides an alternative to the traditional way of buying and selling cars in South Africa. by Staff Writer get\Worth, a South African Fintech start-up focusing on used car trading, is aiming to provide alternatives to the traditional way of buying and selling cars. The start-up is currently operating in Cape Town with a satellite...

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Credit Controller SAP - reed.co.uk
Apr 22, 2019 10:14 pm

This is an exciting opportunity for an experienced Credit Controller (SAP) to join a growing accountancy firm in an innovative technology company. Client Details Here at Page Personnel Finance we are proud to represent an exciting FinTech company going from strength to strength. They are looking for an experienced Credit Controller (SAP) to...

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