Nov 27, 2020

Global FinTech News - 27th of November

By Holland FinTech • Issue #74 • View online

Hello, dear reader!

While Iraq’s mobile phone service is becoming the latest political battleground, and India has banned more Chinese smartphone apps, we dive again into the fintech updates and present you with intriguing and fresh trends. Get your weekly dose of fintech and stay up to date with the news, transactions, research reports and expert voices from the industry. And in case you’re searching for global events to attend, check out the selection at the bottom.

Earlier today, for Holland FinTech’s Flash Friday, our founder Don Ginsel discussed developments from fintech in our weekly live show, co-hosted by Hessel Kuik, CEO & Founder at Bizcuit. In case you missed the event, check out the recording on our YouTube channel here!

From the Holland FinTech Team, we wish you a nice end of the week!

Highlights from last weeks news related to fintech

Weekly News Highlights - 26 November 2020

Our selection of remarkable news from the industry.

BlackRock, an American investment management corporation, is set to purchase Aperio, an investment advisory company, for $1.05 billion in cash
Visa announced its latest acquisitions, YellowPepper, a fintech company supporting financial institutions and startups in Latin America & Caribbean
IBM launched a new collar apprenticeship accelerator for its IBM Z clients looking to hire talent, as system administrators & programmers, and application developers
Ukrainian bank UKRSIBBANK is teaming up with Dreams, a financial wellness fintech startup based in Sweden
Oportun Financial, a USA based fintech company, announced that it has applied for a national bank charter
Ebury, a UK based fintech with forex and cash management solutions for SMEs, has announced a new partnership with TrustBills
Abu Dhabi Global Market (ADGM) and Israeli Bank Hapoalim are forming a partnership to support and promote fintech innovations
Yapily, a fintech startup that offers an open banking-based API platform, has announced a new partnership with KashFlow, an accounting and bookkeeping software
Sopra Steria is expecting an impact between €40 million and €50 million because of a cyberattack earlier this October
Worldline, a payments and transactional services, and Nets, a payment solutions provider, have joined the European Payments Initiative (EPI)
With the new version of Google Pay app, now live in the Google Play Store, users will be able to have an all-in-one mobile bank, finance tracker, and contactless payment service

Read more details about this news and sources HERE.

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The largest funding rounds we found from across the world

Weekly Funding Highlights - 25 November 2020

We have again looked across all oceans to find all investments that are relevant for the financial industry and listed the largest below. Remember, this is just the tip of the iceberg of what we found in the week going from 18th to 25th November.

Hippo Enterprises (Palo Alto, CA, US), an insurtech group focused on home insurance, raised $350m (€294.12m) in funding
Addepar (Mountain View, CA, US), a WealthTech platform, has closed its Series E funding round on $177m (€148.74m)
Current (NY, US), a challenger bank, announced that it has raised $131 million (€110.08m) in Series C funding, led by Tiger Global Management
Forter (NY, US), an e-commerce fraud prevention company, raised $125m (€105.04m) in Series E funding
HOVER (San Francisco, CA, US), an end-to-end platform for improvement and property insurance professionals, has raised $60m (€50.42m)
Cashfree (Bengaluru, India), a payments and banking technology company, has raised $35.3 million (€29.68M) in a new financing round
Chipper Cash (San Francisco, CA, US), an African cross-border fintech startup, has now added another $30m (€25.21m)
Other funding rounds which caught our eye: Square (€15 million), Flyreel (€8.4m), Facio (€4.2m), Juni (€2m)

Read more about this funding news HERE.

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A selection of recent research reports and papers worth reading

Weekly Research Highlights - 24 November 2020

Please check out these research reports and white papers we discovered this week.

“Global Fintech Ecosystem Report 2020” (Startup Genome) provides a recent overview of fintech startups and identifies the key trends from the industry
“DNBulletin: A quarter of Dutch consumers shared payment data in exchange for services” (DNB) finds that a quarter of the Dutch consumers authorised the use of their payment data during the past 12 months
“Accelerating Enterprise-Wide Innovation with Cloud Migration and Data Governance” (Finextra & Collibra & AWS) emphasizes the growing popularity of cloud services and data analytics for financial institutions
“The Most Popular Blockchain Networks With Capital Markets Players” (CB Insights & Blockdata) presents a DLT network overview with the highest attraction rates among startups and corporates
“Fintech and SMEs sustainable business models: reflections and considerations for a circular economy” (ResearchGate) shows how to build and develop a sustainable business model canvas
“The state of AI in 2020” (McKinsey) explains why AI has been increasingly used as a revenue generating tool by many businesses in 2020
“Mastering digital agility: Staying nimble to navigate change” (Blend) highlights the benefits of digitization processes for financial institutions
“Crypto-assets in Dutch perspective” (Dutch Banking Association) emphasizes the benefits of distributed ledger technology (DLT) which had positive effects especially for the financial industry
“Fintech and big tech credit markets around the world” (Vox.eu) describes how fintech and tech companies provide the primary support in terms of lending to households and small businesses
“Financial & Risk Literacy: Resilience in times of Corona” (Euler Hermes & Allianz) shows that financial knowledge is a critical factor that explains why one segment of the population is better able to cope with the shock compared to others
“Strategy for digital transactions, beyond payments” (Innopay) highlights how banks executives need to embrace 3 core beliefs in order to fully gain the benefits of using a blue ocean strategy in the data economy

Read more about the research sources and download pdf’s HERE.

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Background information and insights from opinion leaders and experts

Weekly Analysis & Opinion Highlights - 23 November 2020

We are keeping track of what opinion leaders across the world have to say about everything that is happening in and around financial services and technology. Below, you can find the ones that stood out this week.

Anna Irrera & Iain Withers (Reuters) explain how digital banks are aiming for a new target audience, offering cash cards for kids
According to Global Fintech, Maisie Williams, actress famously known from HBO series Game of Thrones, is jumping on the Bitcoin trend, making a new purchase
Insurance Journal emphasizes that Q4’20 GDP is expected to decrease by -4.5% in 2020 for the world’s 10 largest insurance markets compared to 2019
Dharmesh Mistry (Fintech Futures) shows that when it comes to digital banking platforms (DPBs), customer engagement is the primary key element
A new analysis from Bobsguide.com explains why UK SMEs in need for improved access to credit, most likely will get support from new lenders
Jordan McKee (Forbes), Research Director at 451 Research, explains the numerous implications of fraudulent activities, far more reaching than the usual financial losses
Christine Lagarde (WEF), President of the European Central Bank, outlined the challenges facing the global economy at the World Economic Forum’s Pioneers of Change Summit

Read more about these analyses & opinion pieces HERE.

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Connect with the fintech ecosystem at some of the upcoming events

FinTech Connect 2020 - 30th November-4th December

A conference to remember and an amazing experience at FinTech Connect. Great insights, thought provoking discussions and huge opportunity to discuss and connect with payment influencers and disruptors.

www.fintechconnect.com • Share

European AI Policy Conference - 1st December

The European AI Policy Conference is a high-level forum to connect stakeholders working to promote AI in Europe, showcase advances in AI, and promote AI policies supporting its development to EU policymakers and thought leaders.

www.aipolicyconference.org • Share

KNOW Identity Events - 1st December

Events KNOW Identity Digital Events are the leading industry forum focused on digital identity, trust, and the data economy. Each week, we mobilize an all-new lineup of experts at the forefront of identity innovation to discuss the latest trends, emerging technologies, and use cases that are shaping the industry’s future.

know.oneworldidentity.com • Share

Reuters Events: Global Investment Summit - 3rd-4th December

Reuters Events: Global Investment Summit brings together leading investors with over $27 Trillion in combined Assets Under Management for an exclusive 2-day Summit.

reutersevents.com • Share

Virtual Europe Global Payment Summit 2020 - 9th December

This GPS Community will deliver a series of virtual events, both regionally-focused ‘Spotlights’ as well as globally relevant discussions, at regular intervals. These events, this community will continue until such time as it is safe and viable to resume in-person conferences.

events.currencyresearch.com • Share

Paris Blockchain Week Summit 2020 - 9th-10th December

Paris Blockchain Week Summit is back in 2020. Join the best European blockchain conference and crypto event: with 2500 attendees, 130 speakers, 100 media partners and 50 sponsors. Come to France for the digital asset revolution!

www.pbwsummit.com • Share

The Virtual AI Summit New York - 9th-10th December

Take to the commercial heartland of applied AI and meet, learn and networking with enterprises and tier-1 tech giants including AWS, Google, Microsoft, Intel, IBM plus many more. Discover tracks on ML, NLP, Robotics and more. The Virtual AI Summit New York Strengthen your AI strategy in the commercial heartland of applied AI. Learn best practice from the pioneering tech authorities at the core of AI and get exclusive access to the business leaders driving them.

tmt.knect365.com • Share

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By Holland FinTech

Global Fintech News

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