Apr 29, 2022

Global FinTech News - 29 April 2022

By Holland FinTech • Issue #148 • View online

Dear reader,

This week European buyers condemned Putin’s demand, saying it violated existing contracts with payments usually agreed on in dollars or euros, and called into question Russia’s reliability as a supplier. The EU is scrambling to respond.

Further, in fintech, you can discover the latest developments and news, and stay current on global fintech perspectives. You can find information about upcoming events, new investments, research and breakthroughs within the industry. In addition, find more ways to support Ukraine here. Happy reading!

From the Holland FinTech team, we wish you a great weekend.

Amsterdam Fintech Week

#XFW is a project for the fintech community, by the fintech community. So whether you run a startup or work at an insurer/ a bank, whether you care about payments or pensions or whether you are a techie or a business person - this week is for you!

xfw.amsterdam • Share

Connect with the fintech ecosystem at some of the upcoming events.

Enfuce’s Webinar With Qred: How Small Businesses Pay In The Future - 4 May

How do small businesses pay in the future? Join our webinar with Qred on 4 May at 13:00 CEST and find out how they ease the lives of their customers with relevant payment services.

hollandfintech.com • Share

The Future of Anti-Fraud: Cybersecurity & Crypto in the 21st Century - 10 May

Join us for our second co-event with Fintech Association Japan, where we discuss the future of Anti-Fraud in the 21st century. We will be joined by expert speakers from both The Netherlands and Japan, and startups from each country will share their solutions.

hollandfintech.com • Share

Finnovex Global Series - 10 May

Finnovex Europe is back again with an upgraded twist via our fully-virtual summit edition in the region bringing together all experts of the Banking and Financial Services ecosystem virtually and be the first of its kind to offer for top-notch and valuable business connections, power-packed panel discussions and insightful presentations, straight to your homes or offices.

hollandfintech.com • Share

Highlights from last weeks news related to fintech

Weekly News Highlights - 28 April 2022 - Holland FinTech

Stay up to date with the latest news from fintech! This week, we bring you updates and developments on partnerships, lending, banking, crypto, NFT and more:

In a bid to develop and regulate financial products and services, the government-controlled International Financial Services Centres Authority (IFSCA) of India issued a framework for fintech entities across the spectrum of banking, insurance, securities, and fund management
The Consumer Financial Protection Bureau (CFPB) announced that it will start using a largely unused legal provision to examine nonbank financial companies, FinTechs, that pose risks to consumers in US
Raiz Malaysia, a joint venture company between Raiz Invest Australia and Permodalan Nasional Berhad (PNB), enables its customers to link their bank cards via the micro-investment app through its partnership with Visa
Funding Societies, Southeast Asian SME digital financing platform also known as Modalku in Indonesia, announced its investment into Indonesia’s Bank Index alongside Carro, a Southeast Asian automotive marketplace platform
The Commission welcomes the swift political agreement reached today between the European Parliament and EU Member States on the proposal on the Digital Services Act (DSA), proposed by the Commission in December 2020
After a month of delay, Bank Negara Malaysia (BNM) finally announced the list of successful applicants

Read more about this week’s news here.

hollandfintech.com • Share

The largest funding rounds we found from across the world

Weekly Funding Highlights - 27 April 2020 - Holland FinTech

Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including fintech, payments, NFT,Many more deals and transactions from fintech this week!

Outfund (London, UK), a fintech company for online businesses to raise funds, closed a £115M Series A equity capital and debt funding.
CertiK (New York), a Web3 and blockchain security company, raised $60M in funding.
TheGuarantors (New York), a fintech company building smart financial and insurance solutions for renters and landlords, raised $50M in Series C funding.
QuotaPath (Philadelphia, PA and Austin, Texas),a commissions tracking and automation solution for sales and revenue teams, raised $41m in Series B funding.
Copper (Seattle, WA, US), a teen oriented banking platform, raised $29M in Series A funding.
Other notable funding: Payroll provider Symmetrical.ai nabs $18.5M to streamline employee payouts, OneVest Raises CAD $5M in Funding, and Flow keeps the flow flowing, raises €3.5 million.

Read more about this week’s funding here.

hollandfintech.com • Share

A selection of recent research reports and papers worth reading

Weekly Research Highlights - 26 April 2022 - Holland FinTech

For this week’s research article, we dive into new insights on fintech market, banking, insurance, payments, trends, diversity in fintech and more.

“Digital Economy Payments: How Consumers Pay In The Digital World” via (PYMNTS) New Data Shows Consumers Are Buying Less, Spending More and Changing Habits Consumers are not only getting less for their money when they shop due to inflation, they’re also shopping less often.
“Global impact of war in Ukraine on food, energy and finance systems” via (UNCTAD) - UN Secretary-General António Guterres announced the establishment of a Global Crisis Response Group on Food, Energy and Finance (GCRG) to coordinate the global response to the widespread impacts of the war in Ukraine.
“Fintech unwrapped 3.0” via (Sifted) - Is crypto eating Europe? Digital assets are fighting for their place alongside stocks, shares and other asset classes — we hear how they still have a distance to go.
“An African Sunrise Sector: The Growth of Fintech” via (ORF) -Financial technology has revolutionized the global financial sector and has, in many ways, fundamentally changed how we store, save, invest, transfer, and borrow money.
“Despite 182% Growth, Talent Shortages Threaten Global Fintech Sector” via (DIGIT) - Despite the fintech industry being one of the fastest growing sectors post-pandemic, there are still substantial recruitment hurdles to face.

Read more about this weeks research here.

hollandfintech.com • Share

Background information and insights from opinion leaders and experts

Weekly Analysis and Opinion Highlights - 25 April 2022 - Holland FinTech

And we’re kicking off the week with new details on crypto, money transfer, fintech funding, payment process, debt crisis and more:

“The growth of African neobanks ” via (FXC Intelligence) - In recent times, emerging markets such as Africa have been rapidly evolving in digital-first financial services, including digital banking and payments, despite limited economic resources. In particular, African startups offering technological innovations for the finance industry are increasingly operating solely online, with companies catering to a wide range of applications having emerged across the continent
“Google Finance Head: Anything That Can Be Automated, We Strive to Automate” via (WSJ) - Alphabet Inc.’s Google is working to automate as many finance tasks as possible as it looks to reduce the amount of manual work that its employees have to do
“Fast-Moving FinTech Poses Challenge for Regulators” via (IMF) - Technology sometimes moves at a dizzying pace. When it comes to innovation in financial activities, often referred to as FinTech, the world is seeing major advances
“Why Big Tech is Driving the Fintech Digital Ecosystem” via (Fintech Magazine) - The expert view on how Digital ecosystems and how Big Tech is redefining the financial services space by expanding the digital ecosystem
“FinTech IPO Index Braces for Further Turbulence as Q1 Earnings Season Kicks Off ” via (PYMNTS) - At some point, with the FinTech IPO Index down nearly 27% year to date, one wonders where the bottom is. We may still have a leg downward, if earnings season is as bumpy as initial signs indicate

Read more about this week’s analysis and opinion here.

hollandfintech.com • Share

Ready to get involved? Click here to find out more.

Did you enjoy this issue?

By Holland FinTech

Global Fintech News

Tweet

Share

In order to unsubscribe, click here.

If you were forwarded this newsletter and you like it, you can subscribe here.

Amsterdam