Archive for July, 2018

Five Trends in Fintech to Watch

Consumers are embracing the idea of on-demand finance, or fintech, thanks to mobile and cloud computing. But don’t discount traditional financial firms. As the following five trends indicate, they and mega-corporations are increasing their fintech investments and competing with startups to offer financial services products faster and more efficiently. Trend 1: Financial firms are jumping […]

Why regulators must be conscientious when tackling Fintech

When it comes to regulating a growth market like fintech, balance is the key watchword. This is particularly true given its status as the future of the financial services sector, not to mention its potential to resolve key social issues. If there’s one lesson that regions such as Indonesia need to take from London’s regulators, […]

Indonesian Regulator to Launch Fintech Hub

The Financial Services Authority of Indonesia, Otoritas Jasa Keuangan or OJK, will launch a financial technology center in Jakarta next month. The move is meant to foster digital innovation and development. Fintech has developed so rapidly in Indonesia the sector now needs further support from the government, according to Triyono Gani, OJK’s head of digital finance […]

China’s fintech companies offer ‘enormous’ opportunity, investment manager says

According to Glenn Youngkin, co-CEO at Carlyle Group, the fintech sector in China today offers an enormous growth opportunity. China’s economy grew at a pace of 6.7 percent in the second quarter of the year — slightly below the 6.8 percent seen in the first three months of 2018, according to data published by Chinese […]

BlackFin Capital Partners Closes Fintech Venture Capital Fund, at €180M

Paris, France-based investment firm BlackFin Capital Partners has closed a fintech venture capital fund, at €180M. After launching 2 buy-out funds (€220m Fund I in 2011 & €400m Fund II in 2016), BlackFin Capital Partners aims to leverage its sectorial expertise to manage this new fintech fund, partnering with European entrepreneurs in FinTech, InsurTech et RegTech […]

World’s Second Biggest Fintech Investor Launches Fund for Fintech Startups

Enterprise Ireland (EI) has launched a new fund that is designed to support promising fintech startup companies from all over the world. Each chosen startup will receive €50,000 in investments every year. The €50,000 funding is the same value that startups received from EI in previous years. The fund is designed to enable recipient companies working in […]

Ant Financial joins $120m Series D round of Chinese fintech Snowball Finance

Chinese fintech startup Snowball Finance — a social investment platform that allows Chinese investors to conduct discussions and interactions related to financial products such as stocks, bonds, funds, insurance and others across the US, Hong Kong and Chinese markets — has announced a $120 million Series D financing with Alibaba’s Ant Financial joining the round as […]

SINA-backed Chinese fintech startup PINTEC files for $70m US IPO

Pintec Technology Holdings Ltd (PINTEC), a Chinese financial services technology platform, is looking to raise up to $70 million in anIPO on Nasdaq, according to an SEC filing. PINTEC offers solutions for point-of-sale financing, personal and business instalment loans, wealth management, and insurance. Read more

‘This Is Not a Passing Fad’: CFA Exam Adds Crypto, Blockchain Topics

CFA Institute, whose grueling three-level program has helped train more than 150,000 financial professionals, is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year. Material for the 2019 exams will be released in August. CFA added the topics, part of a new reading called Fintech […]

R3 Corda Enterprise blockchain platform goes live

Fintech consortium R3 has gone live with its commercial blockchain platform for business, Corda Enterprise. The software is billed as a “commercial version of Corda”, which is an open source blockchain platform, on which trade finance transactions can be completed. As opposed to the open source Corda, Corda Enterprise uses a firewall, which R3 claims improves […]