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Fintech outfit IntegraFin plots London float 

“Mr Taylor said his company had been boosted by a “growing demand for financial advice, an increasingly complex investment landscape, pension freedoms and strong growth drivers in the UK wealth management market.”” writes Lucy Burton for telegraph.co.uk. The aim is to provide the group with access to capital markets “to aid future growth, if required” as well as give existing investors the chance to realise some of their investment, the company said. Source: telegraph.co.uk Share This:

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Banks Say FinTech Innovation, Not Regulation, Is Now Their Fiercest Market Pressure

“The results are a bit more varied across the Asia-Pacific region, however, which influences how these FIs invest in innovation” reports pymnts.com. Amid the competitive pressures of FinTech incumbents is another force driving how banks invest in, adopt and implement innovative tools: cybersecurity.But according to a new report from EY, it would be unfair to say that regulation is the only driving force behind large banks’ changing market strategies.In its Global Banking Outlook 2018 survey, EY assessed 221 financial institutions across 29 markets. Source: pymnts.com Share This:

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Three major incumbents are dedicating funds to fintech

“Discusses what the future of financial services will look like as fintech embeds itself into the financial mainstream” writes Lea Nonninger for businessinsider.com. And now, three big incumbents — US financial holdings company BB&T, UK bank Standard Chartered, and Japanese financial services company SBI Holdings — are adding fuel to this trend by launching new fintech funds.This is good news for the fintech industry, as the three incumbents will likely fund a plethora of fintechs and implement their solutions throughout the next year.Maria Terekhova, research analyst for BI Intelligence, Business Insider’s…

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Crypto News 

The Collaborators – And Rivals – Of Blockchain

“Bank of America surpasses blockchain heavyweight IBM and fellow financial services giant Mastercard, both of which have 27 blockchain patents” reports pymnts.com. HashCash, a California-based blockchain company, announced two new collaborations in the financial services market as traditional players grow eager to launch DLT solutions.As is often the case in today’s financial services market, industry players are in a delicate dance of collaboration and competition – and blockchain is no exception.With a Memorandum of Understanding (MOU) in hand, SWIFT has also emerged as a top blockchain collaborator with seven central…

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Crypto News 

Trend Lab Nabs $12.7M To Boost Corporate FinServ With AI

“Trend Lab, a startup developing artificial intelligence (AI) solutions for the FinTech market, has revealed it secured new funding” reports pymnts.com. In a press release issued Tuesday (Jan. 16), the company said it raised more than $12.7 million from angel investors.Trend Lab was established in less than three months by its Founder and CEO Tin Mok, reports said, who wants to enhance FinTech across Hong Kong and the Asia-Pacific region. “The application of AI technology in the FinTech industry across the Asia-Pacific region is still in its embryonic stage, and…

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Rabobank Unit Sets Aside 310 Million Euros Amid U.S. Probe

“From a regulatory perspective, the lines between fintech and traditional financial institutions are starting to blur, bringing greater regulatory expectations, along with potential penalties and legal actions for noncompliance” writes Samuel Rubenfeld for wsj.com. Regardless of whether fintech companies decide to become a bank chartered institution, they can increase their potential for success by having solid risk management controls in place. Source: wsj.com Share This:

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Corruption Currents: Pakistan to Seize Assets of U.S.-Blacklisted Islamic Leader

“From a regulatory perspective, the lines between fintech and traditional financial institutions are starting to blur, bringing greater regulatory expectations, along with potential penalties and legal actions for noncompliance” writes Samuel Rubenfeld for wsj.com. Regardless of whether fintech companies decide to become a bank chartered institution, they can increase their potential for success by having solid risk management controls in place. Source: wsj.com Share This:

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European fintechs are in for a lucky break

“It’s designed to help European fintechs achieve the same scale as their Asian and US counterparts, he explained” writes Maria Terekhova for businessinsider.com. As such, even if draft legislation is delivered in early 2018, past precedent suggests that European fintechs will be in for a long wait until the legislation is finalized and implemented.When implemented, such legislation could have several major effects on Europe’s fintech industry: This is promising news for European fintechs, but they could be in for a long wait to reap the rewards.The European Commission (EC) is…

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Bank-FinTech Hybrid Tyro Launches SMB Accounts In Australia

“Australian bank Tyro is introducing new services for its small- and medium-sized business (SMB) customers” reports pymnts.com. The FinTech is also providing banking services via SMB deposit accounts that integrate with cloud accounting solution Xero.The new services include lending products, reports in The Adviser said, that provide SMB borrowers flat-fee business loans that can be provided in minutes.The program asked Aussie SMBs to innovate and develop their own solutions in support of the small business community.Tyro secured a banking license in 2015 and became what some analysts described as an…

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VCs Take A Step Back From B2B FinTechs As 2017 Comes To A Close

“In fact, only three of the six firms that announced funding this week secured investment from VCs” reports pymnts.com. Twenty-six investors participated in the funding, including family offices and institutions.The company recently announced $4.3 million in fresh venture capital led by Acorn Pacific, RGA Ventures and other investors.The company announced $12 million in fresh funding, reports in TechCrunch said this week, provided by Battery Ventures, whose General Partner, Michael Brown, will join the startup’s board. Source: pymnts.com Share This:

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