Sep 19, 2020

Global FinTech News - 18th of September

By Holland FinTech • Issue #64 • View online

Hello reader!

With a successful launch party of Amsterdam FinTech Week (#XFW20), we are happy to begin 5 days of fintech events that will gather players from the industry for insights, talks and discussions.

Dive into the 4 categories we provide for you to find out the latest news, deals, research, analysis and opinion pieces! We are bringing you once again your favorite fintech news for you to enjoy.

And speaking of the latest deals, Kahoot platform that you got so accustomed to during our Meetup Online acquired Actimo for up to $33 million to double down on the corporate sector.

Don’t forget to book your agenda next week and participate for the XFW20 events! Register now: https://xfw.amsterdam/

In case you missed our Flash Friday XFW20 Edition from earlier this morning, check our YouTube channel: http://bit.ly/1RXSiQU

From the Holland FinTech team, we wish you a nice weekend!

Highlights from last weeks news related to fintech

Weekly news highlights 18 September 2020

According to BBVA, there is a need for federal data protection to be implemented
The “Fintech Pledge” was launched by Tech Nation, with the purpose of supporting the UK’s domestic and international tech community
Chip, an application that lets users seamlessly grow their savings, has raised £10 million in 48 hours
According to Fintech Finance, a new partnership between Azimo and Alipay is in place
Klarna, a Swedish bank that provides online financial services such as payments for online storefronts, announced a $650 million equity funding round
Wirecard and PayrNet Limited, a subsidiary of BaaS Railsbank, are partnering on an asset purchase deal
Monedo, a German alternative online lending provider looking to bring services in credit and financial freedom to customers, has filed for bankruptcy
Subaio, a Danish subscription manager, added earlier this week its first international client to the portfolio: ABN AMRO
dLocal, an Uruguay-based fintech payments technology platform, became Latin America’s latest fintech unicorn
California takes action and implements a new state financial regulatory agency to protect consumers.
Merchantrade, a money services business, digital payment service and mobile virtual network operator provider, based in Malaysia, acquired fintech Valyou From Telenor Group
Santander, a large retail and commercial bank based in the UK, now rebrands as Mouro Capital and has over $400 million in allotted funds
According to CNN Business, Snowflake, a cloud data warehousing firm, has managed to double their shares in the first day of trading

Read more about the research section.

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Background information and insights from opinion leaders and experts

Weekly analysis & opinion highlights 18 September 2020

In a Forbes article, David G.W. Birch, author, emphasized the impact of AI on online personas of individuals
According to Natalie Marchant, writer for The Fintech Times, open banking can prove to be a solution for the data bias in financial services
According to Sean Leach, Partner and UK & European patent attorney at Mathys & Squire, the intellectual property (IP) in machine learning techniques contributes to fintech with patent protection
In 2019, over 142 Egyptian firms landed investment, making Egypt a center of interest when it comes to fintech growth
Arik Shtilman, CEO of Rapyd, emphasizes why businesses will need to embrace a ‘cards plus’ payments strategy
The Unique Identification Authority of India (UIDAI) made an important but counter-intuitive decision to issue numbers and not cards
Isabel Woodford, writer at Sifted.eu, explains that a new wave of bank challengers is expected
The European Union’s second Payment Services Directive (PSD2) was meant to eliminate banks’ monopolies on their customers’ data

Read more about the analysis & opinion section.

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Connect with us at some of the upcoming events

Amsterdam Fintech Week - 18th to 25th of September

Home to one of the world’s first modern stock markets, Fintech startups have much to like about Amsterdam and its strong connections with the rest of the globe.

Find out more HERE.

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FinovateFall - 14th to 18th September

In response to COVID-19 and the unpredictability of travel plans for the short term, FinovateFall and the second annual Finovate Awards (Sept. 15) are going digital in 2020. 1600+ key influencers. 50% from financial institutions. 120+ expert speakers. 40+ insightful demos of new tech. All delivered digitally.

Find out more HERE.

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BASE Conference 2020 - 17th to 18th September

Startups and scale-ups around the world can tap into international business expertise and thrive despite the global downturn, as the BASE 2020 conference goes digital. Join us on 17-18 September for:

Strategy workshops with business experts from USA and Europe
Talks by policymakers on how they envision the future of work
Networking with scale-ups that ‘humanized business beyond profit’ during the pandemic

Find out more HERE.

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Benelux Virtual Cyber Security Summit - 22th to 23rd September

Benelux Cyber Security Summit launches to tackle the key challenges facing Benelux organisations amid a landscape defined by the global pandemic. Join 100s of the region’s cyber security experts online on 22-23 September to tackle key challenges associated with Hybrid Cloud Environments, Risk Management, Cyber Resilience, & Security Awareness Training. Enjoy access to content for 30-days post-event, 9 CPE points, and live Q&As with speakers.

Find out more HERE.

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World Summit AI - 14th October

In 2020, World Summit AI will bring together the global AI community, brightest AI brains and unique energy World Summit AI is renowned for, in a brand new online format and theme without borders. WSAI world-class content will be delivered over 10 mind-blowing online events, as part of the Inspired AI event series (Sept to Nov 2020).In 2020, World Summit AI will bring together the global AI community, brightest AI brains and unique energy World Summit AI is renowned for, in a brand new online format and theme without borders.

Find out more HERE.

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By Holland FinTech

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