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#FinTech Trends: Every morning at 6am the Fintech Briefing from Kuble’s Intelligence Unit delivers the hottest industry news straight to your inbox.
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Fintech Briefing for 06/27/2019

 

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


Expected Explosive Growth for Payment as a Service Market in Worldwide with Top Key Players: Agilysys, Alpha Fintech, Aurus, First American Payment Systems, First Data, Ingenico, Paysafe, Pineapple Payments, TSYS
Jun 27, 2019 02:00 am

Expected Explosive Growth for Payment as a Service Market in Worldwide with Top Key Players: Agilysys, Alpha Fintech, Aurus, First American Payment Systems, First Data, Ingenico, Paysafe, Pineapple Payments, TSYS iCrowd Newswire 27 Jun 2019, 01:52 GMT+10 The Payment as a Service is a service provided by a company that offers shops online...

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MackeyRMS Announces Strategic Equity Partnership with Resurgens Technology Partners
Jun 27, 2019 02:00 am

MackeyRMS the third FinTech investment in Resurgens' $200 million flagship private equity fund, and will enable the Company to accelerate investment in its market-leading software, expand its global presence and enhance the overall customer service experience. MackeyRMS is a rapidly growing provider of SaaS-based research management software built...

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MassChallenge FinTech and The Financial Revolutionist Announce Strategic Partnership
Jun 27, 2019 02:00 am

BOSTON, MA / ACCESSWIRE / June 24, 2019 / MassChallenge FinTech , a program matching enterprise-ready fintech startups with industry-leading corporate partners, today announced its partnership with The Financial Revolutionist . The FR is a digital community for financial institutions and fintechs to access resources to thrive in the new era of...

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Pay BTC, ETH and More with Apple Pay or Samsung Pay with Zeux - The World's First Crypto Mobile-Payment App
Jun 27, 2019 02:00 am

...makes this London-based fintech stand out from other competitors in the industry? It's capability to simplify financial services and provide fast and easy crypto payments. Simplifying financial services Similar to a digital bank, Zeux provides payments and banking services in both traditional and digital currencies - combining the best of both...

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Silicon Valley is still open to all
Jun 27, 2019 02:00 am

...2016, its portfolio consisted with various business lines including media, healthcare, fintech, and cutting-edge information and communications technology. In 2018, V1 Group completed its acquisition of Easy Prime Developments Limited (Crazy Sports), accelerating its development of core business in 'digital + new culture and sports'. V1 Group...

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First Colombia Development Corp. Appoints Blair Mullin as Chief Financial Officer
Jun 27, 2019 02:00 am

...company, and serves on the board of CanaQuest Medical Corp. Since 2009, he has operated primarily in consulting and interim CFO roles in multiple sectors, including FinTech, blockchain, drones, recycling, medical marijuana and electrical power generation. From 2003-2009, Blair was a partner of Tatum Partners, a human capital firm engaged in...

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CoreCard(R) Payment Processing Software Offers Fast Implementation
Jun 27, 2019 02:00 am

NORCROSS, GA / ACCESSWIRE / June 26, 2019/ CoreCard Software , a worldwide leader in credit card applications for mobile wallets and a leading provider of card management systems and processing services, offers fast implementation for third-party processors, FinTech disruptors and others in the prepaid or credit card industry. Their fast...

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Thailand’s Kasikornbank partners with Vietnam incubator to support startup community
Jun 27, 2019 01:54 am

...reported. Following a memorandum of understanding signed in May, BSSC would promote Thai companies’ expansion in Vietnam, where startups are booming, particularly in fintech and e-commerce, said Nikkei. Deputy director of the BSSC Hang Nguyen said the centre would help Thai startups understand Vietnamese traditions, politics and business practices...

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Why e-wallet the hottest segment of Vietnam’s fintech?
Jun 27, 2019 01:54 am

The Financial Technology (Fintech) market of Vietnam currently has five main branches, including Payment Solution, Blockchain, Big Data Management, Personal Finance and Group Mobilisation. However, payment solution is the segment with the strongest development. According to research by Solidiance Consulting, the Vietnam’s fintech market in 2017...

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Hong Kong Banks’ Biggest Threat Could End Up Saving Them
Jun 27, 2019 01:53 am

...earnings, it took a fintech revolution to make HSBC Holdings Plc drop its minimum-balance charge for 3 million customers — a fee it had levied for 18 years. Scrapping charges that annoy retail customers will buy the lender some protection against the city’s eight virtual banks, which are preparing to go online and looking to build their deposit bases...

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Yet another clerking post grad dilemma
Jun 27, 2019 01:53 am

...clerkships and have two state trial clerk interviews this month. I currently work for a small 4 partner law firm that has an office that does transactional work in CA and commercial litigation in NJ. I want to do both, but I have a focus on transactional work in the FinTech space. Is clerking worth it? I highly doubt I will even get interviews for appellate...

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Is fintech reeling under new challenges?
Jun 27, 2019 01:50 am

The super exciting fintech segment in the start-up ecosystem has been encountering a host of challenges in the recent past. Following a move by the Reserve Bank of India (RBI) to start a regulatory sandbox for the beta-testing of new fintech products in a controlled environment prior to their release, comes the issue of a liquidity crunch in the...

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Bitwise to Launch Another Crypto Exchange-Traded Product
Jun 27, 2019 01:47 am

Crypto asset manager Bitwise has partnered with Swiss fintech startup Amun AG to launch another multi-crypto-based exchange-traded product (ETP), according to a press release on June 26. Bitwise’s index calculation subsidiary, Bitwise Index Services, has licensed “The Bitwise 10 Select Large Cap Crypto Index” to Amun AG to bring a diversified...

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LOTTE Finance officially launched in Vietnam
Jun 27, 2019 01:46 am

...contribute our experience to Vietnam’s development regarding payment via cards and mobile phones, fintech and doing business on digital platforms.” He said LOTTE Finance will also strive to contribute to Vietnam’s society, create jobs and improve the standard of living through continuous innovation. LOTTE Card reportedly began market research in Vietnam...

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„Miles & More“-Bank: Lufthansa greift Kreditinstitute an
Jun 27, 2019 01:46 am

Von Christian Kirchner Die Mail kam am Dienstagabend – und sie kam sofort zur Sache: „Finance Plus – Die Banking-App, die belohnt“, stand da. Bloß: Der Absender war keine Bank. Und auch kein Fintech. Sondern: Die Mail kam von „Miles & More“, dem Bonus-Programm der Lufthansa mit 30 Mio. Mitgliedern weltweit. Um es kurz zu machen: Die größte...

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Visa General Manager for North Africa: Ahmed Gaber
Jun 27, 2019 01:39 am

Daily News Egypt interviewed Gaber to find out the future of Visa, FinTech in market, the transcript for which is below, lightly edited for clarity: How do you find your participation in Seamless NA 2019 and what is the strategy behind sponsoring the FinTech competition? Seamless NA 2019 is an opportunity for us to showcase our cooperation with...

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Northern Trust Hands Off Blockchain Solution to Fintech Firm
Jun 27, 2019 01:38 am

Northern Trust has handed over its blockchain platform to fintech firm Broadridge Financial Solutions, according to a press release on June 26. The Chicago-based asset management firm Northern Trust has handed over its blockchain-based private equity (PE) management solution to Broadridge for further improvement. The platform purports to...

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Show me the money | Business & Finance
Jun 27, 2019 01:35 am

...long-term view for our choices and resources allocations or the global imbalances that we have created risk submerging us before we find the fix. It’s time to change our kpi’s, our metrics and our measuring tapes. Maybe its time to reawaken our senses and capture the good smell of money.   TRIODOS BANK RESULTS # 2016 Fintech Ireland...

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EPS for Elevate Credit, Inc. (ELVT) Expected At $0.07
Jun 27, 2019 01:33 am

...– Yahoo Finance” on April 29, 2019. More interesting news about Elevate Credit, Inc. (NYSE:ELVT) were released by: Businesswire.com and their article: “Elevate Named as a Finalist for LendIt Fintech 2019’s Financial Inclusion Award – Business Wire” published on March 22, 2019 as well as Benzinga.com ‘s news article titled: “Earnings Scheduled For...

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Could blockchain prevent another Bernie Madoff?
Jun 27, 2019 01:31 am

...support of the Geneva Fintech Association (which plays a pivotal role in educating and advocating for blockchain) is a good example of what’s needed around the globe. These kinds of initiatives need to become far more widespread. It’s time to stop patching up leaks and start putting in better pipes. BM Dave Elzas co-founded and is Chief Executive...

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JPMorgan's Fintech Deal Shows Ambitions in Asia Cash Services
Jun 27, 2019 01:30 am

Mumbai-based fintech firm which helps companies manage their invoicing and payments. The purchase reflects the importance of technology investment in achieving the bank’s ambitions in transaction banking, said Kalpana Morparia, JPMorgan’s chairman for South and South East Asia. “Transaction banking is a key focus for JPMorgan as a whole, and...

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‘Tis the Season for Product Launches!
Jun 27, 2019 01:29 am

Fall has become synonymous with product launches, and this year’s demoing companies will deliver. This September at FinovateFall, see dozens of new fintech services and solutions, including: retirement tools for wealth management advisors, data breach response plans for businesses of all shapes and sizes, API libraries for digital banking...

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Hong Kong Banks’ Biggest Threat Could End Up Saving Them
Jun 27, 2019 01:24 am

...than $26 billion in annual earnings, it took a fintech revolution to make HSBC Holdings Plc drop its minimum-balance charge for 3 million customers — a fee it had levied for 18 years.Scrapping charges that annoy retail customers will buy the lender some protection against the city's eight virtual banks, which are preparing to go online and looking...

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Northern Trust Hands Off Blockchain Solution to Fintech Firm
Jun 27, 2019 01:21 am

Northern Trust Hands Off Blockchain Solution to Fintech Firm Northern Trust has transferred its private equity blockchain solution to the fintech company Broadridge

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Trading Room 24.06.19-30.06.19 - Seite 16
Jun 27, 2019 01:20 am

...07:15 DE/Gesco AG, ausführliches Jahresergebnis, Wuppertal 07:15 DE/Fintech Group AG, Jahresergebnis, Frankfurt 07:30 AT/Zumtobel Group AG, Jahresergebnis, Dornbirn 08:00 DE/Schulden der öffentlichen Haushalte 1Q 08:00 SE/Hennes & Mauritz AB, Ergebnis 2Q, Stockholm 08:30 DE/Bundespräsident Steinmeier, Ernennung von Christine Lambrecht zur...

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Comparing of Upland Software Inc. (UPLD) and UP Fintech Holding Limited (NASDAQ:TIGR)
Jun 27, 2019 01:19 am

This is therefore a comparing of the analyst recommendations, profitability, risk, dividends, earnings and valuation, institutional ownership in Upland Software Inc. (NASDAQ:UPLD) and UP Fintech Holding Limited (NASDAQ:TIGR). The two are both Application Software companies that compete with one another. Earnings & Valuation Gross RevenuePrice...

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Premier opens diplomatic convocation
Jun 27, 2019 01:17 am

Territories are able to benefit from opportunities presented,” he said. Topics on Wednesday’s agenda included a joint Caribbean overseas territories-wide oil spill clean-up strategy, oceans policy, fintech and Brexit. A pair of discussion sessions were to focus on the UK Parliament’s Foreign Affairs Committee report, which recommended the British...

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Payscape Chosen as a Finalist for the 2019 TAG and SSA Impact Award
Jun 27, 2019 01:16 am

..., strategic referral and technology partnerships and a lifelong devotion to helping small to midsize business owners increase cash flow. Learn more about the company athttp://www.payscape.com and subscribe to #fintech updates @Payscape. For the original version on PRWeb visit: https://www.prweb.com/releases/payscape_chosen_as_a_finalist_for_the_2019_tag_and...

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Foreign investors to reset Vietnam’s fintech market
Jun 27, 2019 01:15 am

The number of fintech companies have increased rapidly in Vietnam in recent years as the industry has high growth potential while the government encourages cashless transactions. The competition in the Vietnamese fintech market is becoming tough, with forecast that only a few big players, with financial support from foreign investors to gain the...

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Altisource Asset Management Corporation (AAMC)’s Financial Results Comparing With KKR & Co. Inc. (NYSE:KKR)
Jun 27, 2019 01:14 am

...estate investment firm specializing in direct and fund of fund investments in fintech sector. It specializes in acquisitions, leveraged buyouts, management buyouts, credit special situations, growth equity, mature, mezzanine, distressed, turnaround, and middle market investments. The firm considers investments in all industries with a focus on...

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Americans In Europe: What It's Like To Get An MBA Abroad
Jun 27, 2019 01:13 am

.” Berlin is Europe’s startup capital, while London is great for finance (and fintech). Germany leads in manufacturing, especially the automotive industry, and northern Italy is a hotspot for the food and drink and luxury goods sectors. Schools are embedded in their own local region, and career services and professors have contacts that can help...

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Kudimoney Rebrands, Secures CBN Licence
Jun 27, 2019 01:11 am

Ogundeyi and Musty Omotosho, both fintech and banking industry veterans, set up digital bank Kuda to offer frustrated consumers a more mobile, modern approach to traditional banking. Unlike traditional banks, Kuda does not rely on banking fees, doesn’t profit from members’ misfortune or mistakes, and actually helps members get ahead financially. Kuda...

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Safaricom: Bob Collymore mulls his future
Jun 27, 2019 01:09 am

Kenyan government – look to be well compensated for their stakes. Underpinned by a 14.4% increase in net profit, the largest dividend yet is 30.52% more than a decade ago. Diverse revenue Sounding as much like a fintech czar as a telecoms executive, the boss of East Africa’s most profitable company believes Safaricom’s success is down to the ability...

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New government office set up to help firms digitise; 10,000 new tech-related jobs expected
Jun 27, 2019 01:09 am

...capture opportunities in areas such as ride-hailing, e-commerce, fintech and new media. In enterprise technology, DISG will digitalise Singapore’s economy to help companies build new solutions in areas such as cyber security, artificial intelligence, payments and cloud computing, and expand globally. According to Iswaran, the work of the DISG will be...

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10 Startups from Africa and the UAE Selected to Participate in GBF Mentorship Programme
Jun 27, 2019 01:08 am

. Hamad Buamim, President & CEO of Dubai Chamber of Commerce and Industry, described the mentorship programme as a unique opportunity for African startups to explore collaboration and expansion opportunities with their UAE counterparts in key areas of mutual interest, such as artificial intelligence, agriculture and fintech, adding that the...

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»Was ist der Status Quo der Cybersicherheit in Deutschland?«/ Diskussion beim young+restless Cybersecurity Sommerfest u.a. mit Hans-Wilhelm Dünn und Tabea Wilke (FOTO)
Jun 27, 2019 01:05 am

Veranstaltung und am anschließenden Grillfest im Fintech Hub H:32, in der Hardenbergstr. 32, 10623 Berlin, am Mittwoch, den 26.Juni, ab 18:30 Uhr teilzunehmen. Akkreditierung einfach über https://youngandrestless-cybersecurity-sommerfest-2019.eventbrite.de Programm: Ab 18.30 Uhr Ankommen 19 Uhr Begrüßung Durch den Abend führt Diana Scholl, BVMW - Der...

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The curse of collective Alzheimer’s: dispatches from industry conferences
Jun 27, 2019 01:04 am

Is the industry losing itself in asking the same questions for ten years despite having the answers? One of the best things about industry events is that you see your fintech friends. It’s like a family reunion of sorts with drinks and dinner paid for by corporate marketing budgets and in exchange you have to do some speaking and some panelling on...

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Company pension – New solution – RisControl! ONLY! Premium
Jun 27, 2019 01:02 am

...first Austrian FinTech to receive an FMA license and was recently ranked among the best insurTech companies in Europe. FINABRO fits perfectly with Zurich with its innovative approach. Together with the digital solution, we workers and companies have a simple, open and cost-effective access to age rules that are affordable even for small incomes...

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Assessing FirstBank’s Role In Promoting Digitalisation Of Banking Services
Jun 27, 2019 01:00 am

...retail banks going digital, according to Simon Paris, Chief Executive Officer of Finastra, a FinTech company, there are two elements of description: digitisation and digitalisation. Paris defines digitisation to mean converting into digital format anything which is currently manual or paper-based whereas digitalizing to mean a whole new way of...

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should I invest?
Jun 27, 2019 01:00 am

...> Despite being air-gapped, it processes requests in real time; This is not true cold storage. The principle part of security in cold storage is the delay of time. This is why banks and traditional fintech usually do T+1(day). It has nothing to do with T+0 being technically difficult as its trivial to do. This appears to be a marketing buzzword...

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TransferWise launches US debit card that cuts costs when spending abroad
Jun 27, 2019 01:00 am

U.K.-based fintech company TransferWise launched a Mastercard ( MA ) debit card in the U.S. Wednesday, that allows travelers to spend in 40 different currencies with one card. “If you are traveling with a card from your bank you would typically be subject to foreign fees and additional exchange rates...so we developed the TransferWise card which...

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Davis Polk Elects 10 New Partners
Jun 27, 2019 12:55 am

..., including biotech, consumer and retail, fintech, technology, life sciences and healthcare, and oil and gas. Ms. Libby is a member of Davis Polk's Corporate Department in New York, practicing in the Restructuring Group. She advises debtors, creditors, banks, hedge funds, lenders, asset purchasers and other strategic parties in a wide rage of corporate...

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