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The Hottest Fintech, Insurtech Startups in Berlin

September 10, 2018
Berlin, Germany’s largest fintech hub, is rapidly making a name for itself in the European fintech space. Today, the city hosts some of the region’s most exciting, fast-growing fintech ventures. These cover all aspects of financial services, from banking and payments, to lending and insurance, and are quickly expanding across Europe.
Fintech News

Fintech: From threat to ally

September 10, 2018
Hugo Bongers, head of ABN Amro’s Digital Impact Fund, explains the bank’s criteria for selecting and investing in fintech startups.
Finextra

Consumer protection key to fintech

September 10, 2018
Experiences with Chinese mobile payment services, such as Alipay of e-commerce giant Alibaba Group Holding and WeChat Pay in Tencent Holdings’ popular messaging app, have prompted many Taiwanese to praise the rapid development of financial technology (fintech) in China.
The Teipei Times

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Industry News

Global

More fintech words enter the dictionary

September 10, 2018
With the word “fintech” finally included in the Oxford English Dictionary, it’s time for a new wave of industry terms to enter that hallowed hall of linguistic fame.
Banking Tech

UAE introduces framework for fintech pilot licences

September 09, 2018
The UAE’s minister of economy has issued a decree adopting a regulatory framework for financial technology (fintech) firms conducting operations under experimental licences.
Gulf Business

“Bank of Amazon” is Disrupting the Financial Landscape

September 06, 2018
Amazon is attacking the financial services industry, but rather than building the next-generation bank, the American e-commerce giant is focusing on building financial services that support its core strategic goal of increasing participation in the Amazon ecosystem, according to a report by CB Insights.
Fintech News

Fintech: Democratising ESG investing

September 04, 2018
The use of artificial intelligence (AI) has made it easier for retail investors to access investments that adopt environmental, social and governance (ESG) principles. It could provide them with more stable and potentially higher long-term returns, says Omar Selim.
The Edge Markets

Bangkok fintech accelerator announces second stage

August 31, 2018
Following the success of Bangkok Bank InnoHub in 2017, the first global FinTech accelerator in Thailand, Nest and Bangkok Bank announce today season 2 of the programme and are now accepting applications from around the world.
Finextra

How fintech is benefiting the Small Businesses around the Globe

August 31, 2018
When it comes to maintain a healthy cash flow for small business as well as to manage other business dealings effectually, there are a million ways to do so and implementing latest fintech solutions is one of them. No doubt, financial technology has totally changed the way that business owners run their business operations and processes.
Fintech Times

FinTechs eye Hong Kong digital banking market

August 30, 2018
Banks, FinTechs and telecom firms are reportedly considering bids to join the first generation of virtual banks in Hong Kong, as the territory’s regulator prepares to issue its first online-only banking licences.
FS Tech

How fintech is using voice and chat to revolutionize customer experience

August 30, 2018
Leaps in conversational technology are changing consumers’ expectations, and financial service companies need to keep up. Learn how flexible, contextualized voice and chat can optimize user experiences, drive digital engagement, and streamline customer communications when you join this VB Live event.
Venture Beat

Blockchain, or the modern Frankenstein?

August 30, 2018
All this buzz regarding how blockchain, cryptocurrencies, ICOs, and asset-tokenisation will change the world, needs sorting out. In my humble opinion, all those leading the buzz – including industrial experts and opinion leaders – intermix a lot of different and independent things together, freely assign their properties to each other, and from this, we have a plethora of prognoses, recommendations, and in some cases, dramatic investment advice.
Fintech Times

UK offers fintech expertise to Nigeria

August 30, 2018
As the UK prepares to leave the European Union (EU), the nation’s government is looking to Africa’s fintech sector for more action.
The UK Prime Minister Theresa May has been in Nigeria shaking hands, dancing (badly), and promoting all manner of business activities.
Banking Tech

Fintech Agreement Between Singapore and Dubai Financial Services Authorities

August 30, 2018
The Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have signed a FinTech Agreement that allows referrals of innovative businesses between the two authorities.
Fintech News

Switzerland relaxes AML rules for small fintech firms

August 29, 2018
The Swiss parliament has taken a chill pill and relaxed the anti-money laundering (AML) rules for “small” fintech firms.
For the purposes of its “draft ordinance”, “small” institutions are those with gross revenues of less than CHF 1.5 million ($1.53 million).
Banking Tech

Fintech: How Banks Can Use Intelligent Biometrics to Reduce Customer Fraud

August 26, 2018
With fraudsters rapidly growing in sophistication, the Financial Ombudsman has said “it’s not fair” to automatically blame customers for falling victim to banking fraud. With more and more stories surfacing where scammers have been able to bypass simple security checks and move a victim’s money around freely, what can banks do to better protect their customers from the risk of fraud?
Fintech Times

4 ways in which blockchain technology will address the problem of cybercrime

August 26, 2018
There has been much news lately on new cybercrimes and malicious online activities. How can blockchain technology as the new internet, help address these problems?
Tech Bullion

Fintech: Study Finds More and More US Buyers Descending on Thriving UK Tech Sector

August 25, 2018
Research from Buzzacott reveals a UK technology market which has attracted the eye of US businesses and seen a huge increase in transactions, with acquisitions of UK technology companies up 386% in 2017 than there were in 2009.
Fintech Times

For fintech, life after disruption is a question of identity

August 24, 2018
Challenger bank Starling has recently launched what it calls a “ground-breaking” new bank card design intended to bring the brand into line with the way people use debit cards today. This move poses an interesting question for the cohort of disruptive fintech brands, including Starling of course: what does it take for a disruptor-leader to keep growing in a world where dominance is never guaranteed?
Banking Tech

Contractors, get ready to put Fintech to work for you

August 23, 2018
With its unparalleled day rates, finance was always the profitable ‘go-to’ sector for contractors wanting to make themselves richer, but Financial Services is changing in ways that will make your life easier too, writes Ivo Weevers, CEO of bookkeeping app Albert.
Contractor UK

UK government preps banking and fintech for no Brexit deal

August 23, 2018
The UK government has unveiled its contingency plan for banking, insurance and other financial services in case there’s a no Brexit deal after 29 March 2019. The government explains: “A scenario in which the UK leaves the EU without agreement (a ‘no deal’ scenario) remains unlikely given the mutual interests of the UK and the EU in securing a negotiated outcome.
Banking Tech

What the US Can Learn from London’s Fintech Success

August 23, 2018
America: land of hope and glory; land of the free. Except, on the latter point for fintechs, the US regulatory landscape seems anything but free. It looks to me a slow-moving behemoth where ‘harmonisation’ rarely features in regulatory lexicon.
Fintech Times

Are Singapore’s fintech startups hoarding capital?

August 22, 2018
Homegrown fintechs are more likely to access later-stage funding that are out of reach for startups in other verticals. Despite a massive pool of available capital fueling the ambitions of homegrown startups in Singapore, fintechs may be more likely to snag investor attention and score growth-stage funding rounds than other less fortunate startups who are stuck at seed funding.
Singapore Business

Thomson Reuters and Singapore fintech group join to fight cybercrime

August 21, 2018
The Singapore FinTech Association (SFA) and Thomson Reuters are to collaborate on projects to promote the country’s fintech industry and strengthen its fight against cybercrime.
Finextra

Fintech is Changing how Coffee is Consumed, Bought, and Managed

August 20, 2018
Coffee is the third most consumed drink worldwide and is the favorite drink of Americans. The drink has been shown when consumed correctly to have positive impacts on productivity and most commercial districts worldwide have a place where you can buy a cup of coffee.
Fintech Times

Why ‘Chat Banking’ is the future of financial services in Africa

August 20, 2018
Numerous reports indicate that messaging has overtaken social media in popularity, with the combined users of the top four chat apps outnumbering the combined users of the top four social networks. WhatsApp alone reports that users send 65 billion messages per day.
IT News Africa

10 Exciting Fintech Startups Based in Geneva

August 20, 2018
Switzerland, a world renowned banking and financial hub, has witnessed a growing fintech ecosystem in the past years fueled by supportive regulations, a large pool of available tech and finance talent, and banks’ desire to innovate.
Fintech News

Get your patents IN: India – the next hotbed of fintech innovation

August 20, 2018
With e-commerce making up just 4% of the retail market, most of the population still yet to be exposed to digital disruption, and a start-up ecosystem only a decade old – India might seem like an unlikely location for fintech innovation.
Banking Tech

Banks going the fintech M&A route

August 19, 2018
Foreign investors that are unable or unwilling to wait for the foreign ownership threshold (currently capped at 30 per cent) in the banking sector to gradually increase to enter the market are now taking detours to get into the industry, by seeking opportunities to partner up with fintech companies in the country.
Vietnam Net

Fintech Company’s Motion to Dismiss CFPB’s Tribal Lending Lawsuit Denied

August 17, 2018
A Montana federal judge recently denied a fintech company’s motion to dismiss a CFPB lawsuit against the company and its subsidiaries alleging that sham tribal lenders were used to collect from consumers on small dollar loans for which payments were not legally owed.
JDSupra

Cambodia establishes fintech association

August 17, 2018
Cambodia has become the latest country to launch a national body designed to foster more fintech collaboration with the launch of the Cambodia Fintech Association (CFA).
Finextra

Why the Fintech Bubble Hasn’t Burst

August 16, 2018
Alarmists are busy drawing parallels between fintech and the dot-com bust of 2000.  But, here’s why fintech has immeasurably more sticking power than the investment craze over Internet-based companies.
Blockchain Domain

Why Belgium Can Be A Good ‘Test Market’ For FinTech Firms

August 16, 2018
Belgium, which is home to many European Union (EU) institutions, is also a burgeoning FinTech hub. The country has the fifth-highest number of FinTech deals in Europe, according to an analysis from Belgium-based European FinTech platform B-Hive.
PYMNTS

Are fintech firms and consumers ready for data protection regime?

August 14, 2018
Prima facie it looks that financial services companies, especially fintechs, will be impacted. I will expect enough time be provided for organisations to build mechanisms and processes to ensure compliance.
Livmint

How people-first branding is giving fintech start-ups the edge

August 14, 2018
Amazon is right up there in the race to become the world’s first trillion-dollar company. So why haven’t more businesses cottoned on to the secret of its success: its dedication to becoming “Earth’s most customer-centric company”?
Banking Tech

Why this fintech startup split its team across 3 countries

August 13, 2018
Like most startups and their founders, Chun Dong Chau began with a problem. When he and his co-founders looked at China’s financial tech industry, they saw a relatively mature market that was helping Chinese consumers and financial institutions alike. When they looked at Southeast Asia, they saw something else. They saw big problems.
Tech in Asia

Manchester bids for fintech status

August 13, 2018
Manchester is positioned to take a major role in the fintech revolution, which has seen the UK outstrip the US in investment in the last six months, says one of the city’s top lawyers.
Finextra

Regulators Across the Globe Team-Up to Launch a Global Fintech Sandbox

August 13, 2018
As one of the most regulated industries in the world, fintech companies face one big obstacle in scaling: expanding into different regions. Each nation not only comes with its own quirks and market conditions, it also comes with a strict set of regulations that could break your entire business upon entry.
Fintech News

FinTech group supports Philippine ID system

August 13, 2018
“Millions of Filipinos are denied access to financial services because they unfortunately lack an identification card to show to banks. The recently signed Philippine Identification System Act effectively gives unbanked and uncarded Filipinos the legal recognition they need to be able to live fully as citizens such as having easier access to financial services,” Mr. Villanueva, managing director of FINTQnologies Corp. (FINTQ), was quoted as saying in the statement.
Bworldline

Fintech innovators to take centre stage in Abu Dhabi

August 13, 2018
Abu Dhabi Global Market (ADGM) has opened the second edition of the FinTech Abu Dhabi Summit. Building on the success of the 2017 inaugural event that attracted close to 3000 local and global registrations, the 2018 event will comprise two full days of world-class exciting activities with world-class speakers, designed to unite the FinTech community and support the growth of financial services industry in Abu Dhabi and the MENA region.
Tahawultech

Singapore Provides ‘Springboard’ To Asian Markets For FinTech

August 10, 2018
Singapore’s FinTech scene is booming: Funding for the burgeoning sector in the island country topped nearly a billion dollars in 2017, reaching $983.6 million that year. Hong Kong, by comparison, saw $596.8 million in funding for FinTechs at the time.
PYMNTS

Chinese Fintech professionals expect up to 30% pay rise

August 10, 2018
The EY-DBS report, The Rise of FinTech in China, attributes the growth of the Fintech sector in the mainland as driven by multiple factors – “the scale of unmet needs being addressed by dominant technology leaders, combined with regulatory facilitation and easy access to capital.
Enterprise Innovation

Fintech: Robo-advisors developing a better value proposition

August 10, 2018
As robo-advisory platforms become more common around the world, the focus of these service providers has shifted to creating a robust investment framework rather than just providing a convenient and affordable way to invest, says Michele Ferrario, co-founder and CEO of Singapore-based robo-advisor StashAway.
The Edge Markets

New Report Explores Fintech Patent Race

August 10, 2018
The fintech landscape is quickly evolving with new services, business models and providers, but as the industry matures, however, providers will need to deal with attention from regulators, a wave of mergers and consolidations and a slow-down or drop in valuation, and they will need a more pragmatic approach to business development, with a stronger focus on intellectual property (IP) management and exit strategies.
Fintech News

Fintech Frenzy: Hype or Reality? A Closer Look at 6 Key Sectors

August 08, 2018
For eight years running, I’ve predicted that fintech investment is going to plateau. Based on the start of 2018, it hasn’t yet. In fact, we saw more than $5.4 billion invested in fintech during the first quarter of the year, with no signs of slowing momentum. For perspective, fintech investment for all of 2014 was just under $4 billion, so that’s “5x” growth in four years. In 2001, per data from Venture Scanner, it was something like $300 million.
Fortune

The Great ‘Detokenization’: Are Fintech Firms Abandoning Crypto?

August 07, 2018
It seems that tokenization is “eating the world”, much in the same way that Marc Andreessen said that software was “eating the world” in 2011. ICOs and blockchain are everywhere, and a growing number of platforms are appearing to bring off-chain assets on-chain.
Finance Magnets

Fintech: the driving force behind financial inclusion and empowerment in developing economies

August 07, 2018
“Fintech innovation” means different things to different markets. In some, we are seeing app-driven challenger bank gain traction among customers who are increasingly used to paying for their morning coffee with a tap of their smartphone. Barely a day goes by without some update on cryptocurrencies and the potential impact of blockchain.
Banking Tech

Fintech Firms Are Getting Closer to Being Banks in Everything But Name

August 06, 2018
There was a time when well-funded fintech companies would talk about how unbank-like they were. That never really matched up with the reality of what was going on. “SoFi uses its balance sheet much like a bank to originate loans,” The Financial Times noted back in 2015. Then SoFi just went ahead and applied for an industrial loan charter, which it later pulled.
Barrons

Connecticut’s Fintech Village Pays Attention to Cryptocurrency and Blockchain

August 04, 2018
The cryptocurrency industry attracts attention from all kinds of places. Seven Stars Cloud is not a name people would associate with Bitcoin or altcoins. Its CEO, Bruno Wu, however, is working on building his Fintech Village in Hartford, Connecticut. It will be a hub that supports cryptocurrency, robotics, and machine learning-oriented initiatives.
BitCoin News

New York Finance Watchdog ‘Fiercely Opposes’ Sandboxes for Fintech Firms

August 03, 2018
The chief of New York’s financial regulatory body said Tuesday that the agency is “fiercely opposed” to the U.S. Treasury Department’s recent endorsement of regulatory “sandboxes” for fintech firms. The strongly worded comments come after the Treasury Department released a report Tuesday describing how non-banking entities, including fintech firms and data aggregators, should be regulated, recommending the creation of regulatory sandboxes “to promote innovation.”
Coindesk

Federal Charters May Remove Interest Rate Uncertainty for Fintech Firms

August 03, 2018
The July 31 policy statement by the Office of the Comptroller of the Currency (OCC) announcing that it will now grant “special purpose national bank charters” to non-depository financial services firms is likely a game-changer for fintech in the U.S. This is because case law stemming from the Supreme Court’s decision in Marquette National Bank of Minneapolis v. First of Omaha Service Corp has established that any firm deemed a “national bank” by the OCC is exempt from interest rate caps outside of the state where it is domiciled.
CEI

U.S. regulators falling behind in supporting fintech innovation

August 03, 2018
Regulators in the U.S. are struggling to keep up with the rate of technology innovation sweeping financial services. Between technology startups, traditional firms looking to use emerging products like blockchain and nontraditional companies entering finance, regulators around the world are reassessing existing frameworks and rules.
Investment News

FinTech: Nigerians acquire loans using mobile app

August 02, 2018
With more than half of Nigerians obtaining credit from informal sources, especially from family and friends, Paylater mobile app is revolutionizing credit acquisition by issuing instant loans up to one million naira to customers without seeing or speaking to them. No collateral or paperwork is needed to obtain the loans using the app.
Ghana Business News

Alternative data seeks to fill in gaps for the fintech industry where big data proves inadequate

August 03, 2018
Though tech companies in Asia seeking to hire data scientists do mention soft skills in their job descriptions, the one most crucial to the role yet rarely even listed is creativity, given how much our world is changing in the extreme. In 2015, DOMO produced an infographic on how much activity happens every minute across some of the world’s most popular products, including 4,166,667 likes on Facebook, 110,040 calls on Skype, and 51,000 app downloads on Apple devices. In this kind of data-rich era, data scientists.
e27

OCC Announces it Will Accept Applications for Fintech Charter; Treasury Department Releases Fintech Report

August 03, 2018
The OCC announced on Tuesday, July 31, that it would begin accepting applications for special purpose national bank (SPNB) charters from FinTech companies engaged in the business of banking. The agency released a Policy Statement and a Supplement to its Licensing Manual addressing how it would consider applications from FinTech companies seeking to operate through an SPNB charter—or so-called FinTech charter.
JDSUPRA

Fintech Report Card: July 2018

August 03, 2018
Riskalyze CEO Aaron Klein gives the thumbs up or thumbs down on the biggest news to hit advisor technology in the previous month.
Wealth Management

The new dawn: How the rise of fintech is transforming the Middle East

August 02, 2018
The last few years have seen a sharp increase in the number of fintech startups establishing a presence in the region, which many put down to the benefits of its location and private investment appeal. How will this growth cement the Middle East’s position as a fintech hub for years to come?
Tahawultech

FinTech Startups Take Advantage Of Talent Pool In Dublin

August 02, 2018
Dublin, the capital of Ireland, is a burgeoning hub for startups in the technology sector. The city is home to European offices for multinational technology companies, as well as banks and startups. Trezeo, a FinTech startup that seeks to smooth out income for self-employed workers, is one of the innovators that call Dublin home. The idea behind Trezeo is to give these workers a consistent paycheck each month, which can be a challenge as their income can depend on how much work they complete.
PYMNTS

Apple is becoming a formidable fintech company

August 01, 2018
A growing anxiety for bank executives is how and when big tech companies will encroach on their turf. During its quarterly earnings call yesterday, Apple CEO Tim Cook gave some insight into the company’s progress in becoming something of a fintech player: Apple Pay transactions tripled from a year earlier, to more than 1 billion. Cook said that was more than Square and exceeded mobile transactions via PayPal.
QZ

The Treasury’s Fintech Report: Key Takeaways

August 01, 2018
Today was a busy day for financial regulatory policy. In the morning, the Department of the Treasury released its long-awaited report on nonbank financials, fintech, and innovation. A few hours later, the Office of the Comptroller of the Currency announced that it will start taking applications for a special purpose charter for “fintech companies engaged in the business of banking.”
Cato

Fintech Companies Can Now Apply for US Banking Licence

August 01, 2018
The Office of the Comptroller of the Currency, the US’ banking regulator, announced on Tuesday that it will be accepting applications from fintech companies to receive a National Bank Charter. A National Bank Charter means that a company will function as a member bank of the Federal Reserve.
Finance Magnets

What the disruptive rise of fintech startups means for your business

August 01, 2018
Payments are the foundation of financial services. Having reliable, secure and flexible payment options for customers and commercial partners is critical for all businesses. Payments and other financial services are transforming thanks to the rapidly developing fintech sector. These dynamic companies are offering new platforms and services that all businesses can take advantage of.
IT Pro

UK overtakes US on Fintech investment for first half of 2018

July 31, 2018
The UK has overtaken the US in terms of fintech investment for the first half of the year, and taken the top spot in Europe to attract $16.1bn (£12.3bn) out of the EUs $26bn total. Four of Europe’s top 10 fintech deals happened in the UK, which included a $250m raise by Revolut, $100m by eToro, $60m by Flender and $54m by Moneyfarm. Data provided by KPMG’s pulse of fintech report has allayed fears that Brexit would hurt the UK’s startup scene, as venture capital firms have cemented the UK’s position as a funding hot spot.
BM Magazine

European Parliament Releases Study on Competition Issues in Fintech

July 31, 2018
The European Parliament (EP) has published a new study on the competition challenges arisen from the increasing number of fintech services provided by newcomer startups, traditional financial institutions and Big Tech companies. According to the paper, factors such as network effects derived from the use of online platforms, access to customer data, standardization, interoperability and the use of algorithms could potentially result in anticompetitive behaviors.
Fintech News

CySEC to Establish FinTech Innovation Hub with Focus on Blockchain

July 27, 2018
Regulatory financial technology (FinTech) initiatives have been springing up across the globe over the past few years. This Friday, the main Cypriot regulator, the Cyprus Securities and Exchange Commission (CySEC), announced that it would also be creating an innovation hub.
Finance Magnets

Bureau of Consumer Financial Protection to create FinTech “Regulatory Sandbox” for cryptocurrencies and blockchain technologies

July 27, 2018
On July 18, 2018, the Bureau of Consumer Financial Protection (the “Bureau”) ( announced the appointment of the head of its newly-created Office of Innovation,1 which will have as its first order of business the creation of a “regulatory sandbox” for financial technology – or “FinTech” – companies.In an interview with the Wall Street Journal, the Bureau’s Acting Director, Mick Mulvaney, stated that this new regulatory framework will allow FinTech companies to develop new products and services, particularly those involving cryptocurrencies, other blockchain technologies, microloans, and loans by individuals.
JD Supra

UK – New Zealand: a fintech bridge too far?

July 27, 2018
While Australia and the UK have established a “fintech bridge“, New Zealand fintech companies looking to expand into Britain and vice versa don’t yet have an equivalent link. George McLellan and James Walsh from law firm Fieldfisher look at how Kiwis and Brits are exploring other ways to participate in each other’s markets. Numerous New Zealand-founded fintech firms are eager to establish divisions in the UK in order to scale up their operations in Britain’s much larger market.
Banking Tech

5 Fintech trends that will revolutionise business

July 25, 2018
Fintech was treated as both an opportunity and a threat since it appeared in the society and it started being used at a greater level. In reality, the benefits it brings are far more numerous compared to the downsides. The global investment in fintech tripled in the past year and this is a sign that it started to expand to the business sector. Actually, businesses are the ones who can benefit from financial technology the most.
BM Magazine

Fintech startups told to follow the money or crash and burn

July 17, 2018
Nine out of ten fintech startups fail to get beyond the seed stage, as risk-averse investors prefer to wave their wallets at later-stage companies. According to data from Medici, the average sums offered for seed-stage companies in 2010 were $6.84 million, with $20.31 million allocated to early-stage VC rounds, and $26.64 million for VC rounds. In 2017, the average figures plummeted to $3 million for seed-stage companies but grew to $41 million for early-stage VC rounds and $1.566 billion for large-stage VC rounds.
Finextra

PayThink ‘Doomed’? Fintech partnerships are vital

July 16, 2018
Bank-fintech partnerships are not “doomed to fail,” as one commentator recently suggested in an American Banker op-ed. Rather, the banking industry is at the dawn of a great new era of fintech partnerships that will change banking as we know it for the foreseeable future.
Payment Source

Company News

Global

SS&C to acquire fintech data provider Intralinks for $1.5bn

September 10, 2018
The purchase price will consist of $1 billion in cash and $500 million in SS&C stock. Frank Baker, Siris’ co-founder and managing partner, is expected to join the SS&C board of directors.
Banking Tech

Barclays Announces 2018 Fintech Accelerator Class

September 10, 2018
Barclays announced on Monday the ten startups selected to participate in the 2018 New York Barclays Accelerator, powered by Techstars, which is described as an intensive program for fintech startups designed to help businesses accelerate their strategy and deliver breakthrough innovations.
Crowdfund Insider

CoInvestor Technologies selected for Tech Nation’s FinTech Programme

September 10, 2018
CoInvestor Technologies (CoInvestor), has been selected to be part of Tech Nation’s inaugural Fintech programme this autumn. The technology company digitising the management of alternative assets for advisers, fund managers and private investors was chosen following a rigorous selection process to meet Tech Nation’s criteria.
Fintech Finance

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Global

Irish fintechs target growth in digital-savvy Nordic nations

September 09, 2018
Irish fintechs have been active in the Nordics for years, with an increasing number targeting growth in the region. Success has been built on shared attitudes to innovation and the potential of both markets to develop as globally significant fintech hubs.
Independent

Citi creates group to invest in credit markets fintech firms

September 07, 2018
US banking giant Citi has set up a unit to invest in fintech startups working in credit markets, according to Bloomberg. Operating within the bank’s group for credit markets, municipal securities and securitised-markets operations, the new venture will look to invest in firms working on trading infrastructure, data analysis and AI, says Bloomberg, citing an internal memo.
Finextra

Filipinos fintechs need to get creative to be competitive

September 03, 2018
Once siloed among only the most extreme enthusiasts, the local cryptocurrency craze is going nationwide, grabbing the attention of even those at the highest level of government.
BW Worldline

Polish Fintech Firm and Welsh Football Match-up in Payment Partnership

August 30, 2018
Polish online currency exchange and money transfer company, Conotoxia today announced its new four year partnership with the Wales football team at the FA Wales squad announcement at St. Fagans.
Fintech Times

Ebury becomes first fintech to go live with Swift gpi

August 30, 2018
Ebury, which specialises in corporate global transaction services, has become the first fintech company to go live with Swift’s global payments innovation (gpi).
Banking Tech

10 Most Well-Funded Fintech Companies in Germany

August 29, 2018
Germany is quickly emerging as a fintech powerhouse, with Berlin and Hamburg in particular witnessing thriving fintech communities. According to EY, Germany hosts over 300 fintech companies which raised a record of US$655.4 million in 2017.
Fintech News

European fintech firm opens first Australian office

August 27, 2018
A leading European fintech firm for global transaction services has opened its first Australian office to capture and service the growing demands of SMEs. Ebury, after aggressive expansion in the northern hemisphere, has opened in Sydney with a mission to provide SMEs with the tools and services usually only found in large corporations.
Fintech Business

Japanese fintech startup Paidy lands strategic investment from Visa

August 24, 2018
A month after announcing its $55 million Series C, Japanese fintech startup Paidy has snagged a strategic investment from payment giant Visa. Paidy didn’t disclose how much Visa put into its business, which has raised over $80 million to date, but it did say that it will work with the credit card giant to develop “new digital payment experiences” in Japan.
Rocket News

Barclays and Techstars seek out Irish fintechs for accelerator

August 23, 2018
Irish fintech companies are being encouraged to apply for the latest instalment of Barclays’ prestigious accelerator, a 13-week programme that will take place in London early next year.
Irish Times

Equity Kenya’s Fintech in Ethiopian Bank Talks on Payments

August 20, 2018
Equity Group Holdings Ltd.’s financial technology unit is in discussions with six Ethiopian banks to collaborate on cross-border mobile payments and e-commerce. Finserve Africa Ltd., a wholly owned subsidiary of Kenya’s biggest lender by market value, is targeting remittances from three million of Ethiopians living outside the country, Managing Director Jack Ngare said in an interview Monday.
Bloomberg

eWallet Business Announces Major Strategic Partnership with Finnet

August 20, 2018
Weyland Tech Inc. (WEYL) (“Weyland ” or the “Company”), a provider of mobile business applications, today announces a strategic partnership between its eWallet business and PT. Finnet Indonesia (“Finnet”).
Euro Investor

BBVA Bets Big On Fintech, But Must Focus On The Turkey Situation First

August 20, 2018
Banco Bilbao Vizcaya Argentaria (BBVA) is a Spanish bank with operations all over the world. Main markets include Spain, South-America, Mexico, the US and Turkey.
Seeking Alpha

Travelers acquires majority stake in Toronto-based fintech

August 20, 2018
Travelers, one of America’s largest insurance companies, has acquired a majority stake in the Canadian fintech startup Zensurance.
Insurance Business Magezine

The First Company to issue Stock on the Blockchain.

August 19, 2018
As tokenized securities are starting to get more recognition and development of the necessary infrastructure is being finalized, we are starting to see the first companies actually making use of it. On June 11 the inevitable happened, Aboveboard, a delaware corporation, became the first company to issue and distribute stock on a public blockchain. why this is important.
Tech Bullion

Coinbase acquires decentralised ID startup

August 16, 2018
Coinbase has acquired Distributed Systems in a bid to create a decentralised digital identity platform for crypto-wallet enthusiasts and Web merchants.
Finextra

Global fintech company launches new cloud-based microfinance solution in Nigeria

August 15, 2018
Global fintech company Oradian on Tuesday announced a strategic partnership with the Association of Non Bank Microfinance Institution of Nigeria (ANMFIN), to promote access to financial services for Nigerian clients on a larger scale by using new software which allows for easier access.
African Indy

Temenos partners to hasten fintech innovation in Egypt

August 15, 2018
The Venture Lab at The American University in Cairo (AUC) and the banking and finance software company will help fintech start-ups in Egypt by primarily offering a sandbox service based on Temenos’ T24 core banking system.
Holland Fintech

What’s behind the remarkable rise of German fintech Wirecard?

August 15, 2018
When a little-known online payments firm from a small German town called Aschheim overtakes Deutsche Bank in stock market value, people tend to take notice. What makes Wirecard tick?
DW

EY finds $1bn for fintech foraging

August 13, 2018
EY plans to invest $1 billion in new technology solutions, client services, innovation and its ecosystem over the next two financial years. The new funding is in addition to the existing, “significant” annual technology investment. The investment will be used to create new tech-based services and solutions in areas such as financial services, cyber, risk management, managed services, software services, digital tax and audit services.
Banking Tech

Tech Giants Lead the Way on Fintech Patents, Ahead of Banks

August 10, 2018
British patent data insights firm Cipher recently released an IP strategy report that provides a look at how many firms are patenting technologies in the hopes of disrupting various industry sectors. Among the various highlights of the report include a look at fintech patents, which shows that tech companies and not banks are leading the way in obtaining patents that cover the future of banking.
IP Watch

Tongdun Technology Added to CB Insights’ Global Fintech Unicorns List

August 07, 2018
Tongdun Technology became one of the 27 finalists in the “Global Fintech Unicorns” top list recently released by CB Insights, a renowned international venture capital research institution. The other three Chinese companies in the list are Lu.com, 51Xinyongka and Tuandaiwang. According to CB Insights, a “unicorn” company not only has high valuation, but more importantly, it needs to have unique business models, advantages and competitiveness in its industry.
IT Briefing

Singapore fintech firm Rate raises $15m for blockchain cross-border payments

August 07, 2018
Singapore-based startup Rate has raised US$15 million in a token sale for its cross border payments blockchain project Rate3, it revealed today.The company’s initial coin offering (ICO), which ran from April 16 to May 22, hit its hard cap target of 25,000 ether. Open to the public as well as private investors, the ICO saw participation from Matrix Partners China, Node Capital, and FBG Capital, as well as Fenbushi Capital founder Bo Shen.
Tech in Asia

Barclays partners with leading fintech MarketInvoice

August 05, 2018
Barclays has today announced that it is partnering with leading fintech business MarketInvoice, Europe’s largest online invoice financing platform, in a deal that is set to transform the way UK SMEs manage cash flow and accelerate growth.
BM Magazine

Danske Bank steps up fintech partnership hunt

August 03, 2018
With a new strategy in place, the bank says partnerships are “top of the agenda as a strong lever for future growth and joint value creation”. To that end, it’s recruiting for a partnership engagement manager for fresh action in the Nordics and for its “new super-team”. The job advert contains the usual nonsense that banks inflict upon us – such as “a win-win mindset and care for delivering a superior partner experience”.
Banking Tech

Fintech & Insurtech Firm Novae Launches All-Digital White-Label Loyalty Platform For Banks

August 02, 2018
Novae, a U.S.-based fintech and insurtech firm, announced on Thursday the launch of Novaeplatform, which is described as a user-centric, universal, cross-border, all-digital, white label loyalty platform for banks that enables consumers and merchants to redeem points from any device using any type of payment method.
Crowdfund Insider

Barclays Leads Investment In Voice Fintech

August 01, 2018
We are proud to announce that we’ve officially completed a $14 million Series B investment fundraising, led by Barclays and including JPMorgan and NEX Group. The proceeds will be used to accelerate development and global roll-out of our SaaS-based voice communications platform, which provides a comprehensive cloud-based replacement to traditional trading “turrets”.
Markets Media

FinLeap moves into the fintech platform-as-a-service space

July 27, 2018
Berlin-based fintech factory FinLeap is positioning as a provider of bundled solutions for startups and banks, melding stand-alone products across a common platform. The company is rolling out two platform-based products to connect disparate applications in the consumer markets – FinReach – and in business process management – Infinitec.
Finextra

Seven Stars Cloud Partners with China VC Research Institute to Expand Tokenized Assets

July 24, 2018
Seven Stars Cloud Group, Inc. (SSC), a global fintech firm focused on blockchain and AI-powered digital asset management, has partnered with the China Venture Capital Research Institute (CVCRI), according to a press release published July 23. The partnership will purportedly help SCC extend its to extend its asset digitization services.
Coin Telegraph

Why Fintech May Be the Future of Ridehailing for Grab, Uber

July 16, 2018
In March, Uber merged with Grab, allowing the Southeast Asian ride-hailing rival to take over its business in that region. Now, Grab is offering financial products that Uber never did. “We’ve been able to focus a lot more on serving Uber’s customers beyond transportation,” Hooi Ling Tan, Grab’s cofounder, said at Fortune’s Brainstorm Tech conference in Aspen, Colo., on Monday. One example: Payments and financial services, a business Tan expects “to be 20 times the size of transportation” revenue.
Fortune

Silicon Valley fintech company Nomis Solutions chooses Australia for Asia Pacific HQ

July 13, 2018
Nomis Solutions has opened an Asia Pacific headquarters in Melbourne to service the Asia Pacific region, creating up to 50 jobs over five years. The software-as-a-service (SaaS) provider licenses its price optimisation software to retail banks and other financial service organisations. A Victorian Government media release states that the company has more than 10,000 customers worldwide, which it services from offices in Silicon Valley and Toronto, Canada.
Austrade

Citi Partners with Fintech HighRadius to Launch Citi Smart Match

July 12, 2018
Citi’s Treasury and Trade Solutions has entered into a strategic partnership with HighRadius Corporation, a software company specializing in cloud-based integrated receivables to launch Citi® Smart Match. Leveraging HighRadius’ proprietary artificial intelligence (AI) and machine learning (ML) technology along with its own proprietary assets, Citi will dramatically increase the efficiency and automation of the cash application process of matching open invoices to payments received for its corporate clients. This partnership follows a strategic investment made by Citi Ventures in HighRadius earlier this year.
Business Wire

Events

United States

Atos competes in 3 global Aegon Hackathons to develop disruptive solutions

September 20, 2018
Atos has been chosen amongst 12 teams to compete in each of the three Aegon Hackathons, which take place simultaneously over 24 hours in Mumbai, India, Budapest, Hungary and Dallas, U.S. on September 20-21, 2018.

Paris

Worldline E-Payments Challenge Hackathon

September 26-28, 2018 – Conference/Showcase
How will we pay in 5 years? – Co-innovate and expand your business with Worldline and its customers by joining the Worldline e-Payments Challenge Hackathon from September 26th to the 28th in Paris.
Worldline Event

London

FinovateEurope 2018

March 06-09, 2018 – Conference/Showcase
FinovateEurope 2018, will be at the ExCeL in London on March 6–9 with a new, expanded conference. The first two days follow the traditional Finovate format where 70+ innovative fintech companies will have 7 minutes to demo their latest solutions. This year, for the first time in Europe, we’re offering new, expanded content sessions. Expert speakers will give you advice and insights on the trends driving fintech. Turn light-bulb moments into real-world action and leave with new ideas for your future product roadmap and strategic planning.
FinovateEurope

Future Digital Finance 2018

March 26-27, 2018 – Conference/Showcase
The summit for 21st century digital finance leaders. Future Digital Finance is the conference for digital finance innovators who are paving the way forward at America’s largest financial institutions.
Future Digital Finance

Show more

Europe

Gibraltar International FinTech Forum

February 28-March 1, 2018 – Fintech, Conference/Showcase
Featuring some of the leading names in FinTech.
Gibfin

IFZ FinTech Conference 

February 28, 2018 – Fintech, Conference/Showcase
FinTech is considered an innovative solution for the challenges in the financial industry and shows a high growth rate. In addition to the presentation of the results of the IFZ FinTech study, we will be hearing about recent developments in the field of FinTech from our excellent speakers.
IFZ

Crypto Investor Show

March 10, 2018 – Fintech, Conference/Showcase
The UK’s biggest crypto and blcokchain event for investors. The Crypto Investor Show brings together the crypto community with private investors and traders in the UK for the first time. Gain insight into the array of investment opportunities provided by Cryptocurrencies and Blockchain Technology
Crypto Investor Show

TechNOVA Blockchain Summit 2018

March 22, 2018 – Fintech, Conference/Showcase
TechNOVA: Blockchain Summit 2018 will look across sectors at the latest innovations in distributed ledger technology. This Blockchain conference will bring in case studies from banking, insurance, energy, music, healthcare, trade finance and more. The content will cover a number of the key challenges and use cases including how to develop strategy, verifying provenance, disintermediation and peer-to-peer industries, data sharing, smart contracts and the future of cryptocurrency. With decision makers and senior innovation leaders across multiple sectors, TechNOVA: Blockchain Summit 2018 is the event to attend take your understanding of the technology to the next level and kick-start the development of your future.
Fintech World Forum

E-Fintech Show

April 11-12, 2018 – Fintech, Conference/Showcase
The consolidation of decentralized technologies such as Blockchain together with the various FinTech business models that exist today make the financial sector has to reinvent itself more than ever. A new economy decentralized is coming and will forever change the financial services that Today we know.
e-Fintech Show

Fintech Design Summit

April 20, 2018 – Fintech, Conference/Showcase
The financial services sector has entered a new era, with FinTech startups challenging the major FS players by creating powerful new user centric products. The FinTech Design Summit will be exploring how experience led design has disrupted the industry. We will be hearing from the financial companies designing new experiences for users, that will change consumer exceptions forever. The Fintech Design Summit is targeted at Senior Product & Design Professionals, Fintech Entrepreneurs, CTO’s and CEO’s.
Fintech Design Summit

Fintech World Forum

May 30-31, 2018 – Fintech, Conference/Showcase
FinTech World Forum 2018 (FinTech Conference) is based in London UK Europe as one of leading fintech events for global financial, finance and banking technology industry. Its focuses on Mobile Payments, Lending, Insurance, Blockchain, Bitcoin, Investment, InsurTech, RegTech, Money, Mobile Banking and Wealth Management.
Fintech World Forum

London Fintech Week

July 06-13, 2018 – Fintech, Conference/Showcase
Fintech Week is a series of conferences, exhibitions, workshops, hackathons, meetups and parties. Each day we focus on a different topic. We always ensure that there is plenty of time for networking and meeting other innovators. The main conference/exhibition takes place at the Grange Tower Bridge Hotel, but other events take place across the City of London, Canary Wharf and “Tech City.”
Fintech Worldwide Ltd

Asia/Middle East

Blockchain Middle East Forum

February 05-06, 2018 – Conference/Showcase
Unblocking the blockchain Dubai announced its intention to turn itself into the first blockchain-powered government in the world by 2020. These ambitions are part of the emirate’s goal of becoming a global business hub with next-generation technology playing a key role in delivering this vision.As a result, a number of Middle East companies both private and public have made substantial progress on understanding the opportunities, application and preparations of adopting the blockchain technology within their organisation.
IQPC Middle East

Blockchain and Bitcoin Conference Bengaluru

February 22, 2018 – Conference/Showcase
India is a very likely country to become a global cryptocurrency leader. It is one of the most rapidly developing technology markets because of the huge amount of young people. Besides, the Indian online market consists of 333 million users, occupying the second place in the world.This country has a vast number of young engineers and a comprehensive IT market ready to explore all innovative technologies in a very short time. This also includes cryptocurrency technologies: currently, India is a place where blockchain technologies and cryptocurrency services are promoted at the government level. Therefore, the international network of Blockchain & Bitcoin Conferences organized by Smile-Expo, covering more than 10 European and CIS countries, is expanding and holding a new conference in Bengaluru, India.
Blockchain and Bitcoin Conference

Finovate Middle East

February 26-27, 2018 – Conference/Showcase
Finovate events bring together the entire fintech community to showcase cutting-edge banking, financial and payments technology in a unique, short-form, demo-only format as well as insights from global financial service experts.
 Finnovate Middle East

Fintegrate Zone 2018

February 27- March 01, 2018 – Conference/Showcase
Fintegrate Zone is a “fintech thought leadership” conclave focusing on the future of technology and the broader financial services industry within India and beyond its borders. The agenda of the conclave is to highlight the business and technology innovations driving change in the Banking, Financial Services and Insurance industry.Started in 2017 by Zone Startups, a leading FinTech ecosystem enabler, Fintegrate Zone is a multi-format 3-day FinTech conclave, catering to different stakeholders with curated event formats.
Fintegrate Zone

2nd Annual Fintech Week (Tel Aviv)

March 05-07, 2018 – Conference/Showcase
Our first conference is all about Bitcoin, Blockchain and Distributed Ledger Technology (DLT). We’ll be exploring the evolution of Blockchain from Cytpto to ICO and hearing from innovators and influencers in the space.Our second conference focuses on all things Fintech. Hear from Key players from across the fintech ecosystem including banks, VCs, start-ups and innovators.Our third conference is all about the intersection of cyber security and financial services. We’ll talk to experts on both sides and explore how safe your money and data really is.
Fintech Worldwide

4th Annual Blockchain Finance & Fintech China 2018

March 15-16, 2018 – Conference/Showcase
The 4th Annual Block Chain Finance & Fin-tech China 2018 event will gather over 800 participants from around the world, where the leaders of Block Chain & Fintech will present their views on key issues in the industry.
Blockchain Finance & Fintech China

IFINTEC

May 08-09, 2018 – Conference/Showcase
IFINTEC Finance Technologies Conference and Exhibition will be held at Radisson Blu Hotel, Istanbul Sisli on 08-09 May 2018 in Istanbul, Turkey. IFINTEC is one of the biggest and most important conferences in EMEA region on Retail Banking, Banking Technologies, Banking Solutions and Finance Technologies. IFINTEC Conference serves a perfect platform to introduce and demonstrate banking solutions and finance technology solutions including system, hardware, software, consultancy, training and service which are developed for banks and financial institutions.
Finance Technologies Conference & Exhibition

Finovate Asia

October 29-30, 2018 – Conference/Showcase
THE MOST EFFECTIVE WAY TO STAY AHEAD ON FINTECH INNOVATION IN ASIA 450+ Attendees. 30+ Demoing companies. Countless opportunities. Finovate events bring together the entire fintech community to showcase cutting-edge banking, financial and payments technology in a unique, short-form, demo-only format as well as insights from global financial service experts.
Finovate Asia

Americas

The Bitcoin, Ethereum, and Blockchain Superconference

February 16-18, 2018 – Conference/Showcase
Is It Too Late To Get Involved In Crypto? Not at all. Even if you didn’t mine 10,000 bitcoins using your old PC in 2012, bitcoin, ethereum, altcoins and blockchain technology are still in their infancy.99.9% of the world’s population is barely aware of how bitcoin, ethereum, and other blockchain-based tokens are starting to address real use cases.

MIT Fintech Conference 2018

March 10, 2018 – Conference/Showcase
The event will bring together fintech startups, established financial service and technology firms, vcs, investors, and regulators to share their ideas about recent innovations in the financial technology space. Hear the best ideas, examine the latest technologies, and ask the big question at the mit fintech club’s biggest event of the year!
MIT Fintech

Empire Start-up Fintech Conference New York

April 18, 2018 – Conference/Showcase
Hear from those forging new trails in payments, blockchain, lending, robo-advisors, insurance tech, real estate and more. In addition to attracting hundreds of FinTech entrepreneurs, this conference also plays host to the investors and service providers that help accelerate startups. The audience can also look forward to keynotes, panels and demo updates from some of the top FinTech startups in the world.
Empire Starups

STX 18 by Fintech Exchange

April 25, 2018 – Conference/Showcase
A summit for technology startups focused on financial markets & trading brought to you by FinTech Exchange (FTX). FTX is Chicago’s leading fintech event for financial markets and trading technology. FTX has been a sellout since its inception in 2015, with close to 500 attendees each year. This event has featured growth firms as well as world-class companies, including: CME Group, CBOE, IBM Watson, Amazon Web Services, Google, Trading Technologies, and Tableau.
Fintech Chicago

Finovate Spring

May 08-11, 2018 – Conference/Showcase
THE MOST EFFECTIVE WAY TO STAY AHEAD ON FINTECH INNOVATION 1300+ attendees. 70+ companies demoing. Countless opportunities. See the cutting-edge of fintech via a unique, short-form, demo-only format. Plus, new for 2018, get advice and insights from 100+ fintech experts in a newly expanded program. All coming to you live from Silicon Valley, the world’s biggest tech and innovation hotbed.
Finovate

The Payment Canada Summit

May 09-11, 2018 – Conference/Showcase
Join industry leaders, innovators and challengers at Canada’s largest payments conference. The 2018 SUMMIT is the forum to connect the payments ecosystem, offering a broad spectrum of topics that influence payments in Canada and around the world.
Payments Canada

Future of Fintech

June 19-21, 2018 – Conference/Showcase
CB Insights – The Disruption of Financial Services. The Future of Fintech is an exclusive gathering of the world’s largest financial institutions, best fintech startups, and most active venture investors.
CB Insights

Finbat

June 20-21, 2018 – Conference/Showcase
The Annual Conference on Fintech and Banking transformation (FINBAT) aims to bring together researchers, decision makers, and practitioners interested in exploring the many facets of Fintech and banking transformation in the digital age.
Finbat

Finovate Fall

September 24-29, 2018 – Conference/Showcase
THE MOST EFFECTIVE WAY TO STAY AHEAD ON FINTECH INNOVATION 1500+ attendees. 70+ companies demoing. Countless opportunities. See cutting-edge banking, financial and payments technology in a unique, short-form, demo format. Get advice and insights from 100+ fintech experts in an expanded program.
FinovateFall

 

Reports

Global

Fintech decoded: The capital markets infrastructure opportunity (Mckinsey/World Exchange Report)

March 2018
Technology has long been the engine driving capital markets efficiency—both for investors in the markets, and for the capital markets infrastructure providers (CMIPs) that operate the exchanges and other trading venues, central counterparties, securities depositories, index providers, and data and analytics companies. More lately, fintechs are bringing new technologies to market even faster and with a greater impact. Hundreds of fintechs are
focusing their development on capital markets infrastructure (CMI), and while CMIPs recognize that fintech will have a significant influence on the industry, many remain unsure of which technologies to adopt and to what degree, and how best to engage and interact with fintech companies.

FRTB: delivering on the promise of data-driven insights

February 2018
Although the Basel timetable for FRTB implementation may have been postponed, many banks have already formalized their FRTB reporting requirements. According to new research by Chartis Research and IBM Watson Financial Services, almost one-third of respondents are currently implementing new systems and approaches for FRTB reporting. Depending on their size and location, banks are pursuing FRTB reporting with different levels of urgency – yet in our survey all cited technology as a key barrier to implementation.

Sound Practices: implications of fintech developments for banks and bank supervisors

February 2018
The Sound Practices on the implications of fintech developments for banks and bank supervisors assesses how technology-driven innovation in financial services, or “fintech”, may affect the banking industry and the activities of supervisors in the near to medium term.Various future potential scenarios are considered, with their specific risks and opportunities. In addition to the banking industry scenarios, three case studies focus on technology developments (big data, distributed ledger technology and cloud computing) and three on fintech business models (innovative payment services, lending platforms and neo-banks).
Bank of International Settlements

FinTech: Finding the sweet spot

January, 2018

On the 23rd November 2017, Atos and Worldline, in partnership with Finovate, ran a panel discussion and workshop involving digital leaders and innovators from Financial Services institutions and FinTechs.

This report provides you with an overview and consolidation of the discussions that took place at the event and draws out the key conversations, insights and thoughts presented to help, educate and inspire as you pursue your own journey towards getting out of the lab and into the business..

Atos FinTech Program

December, 2017
The FinTech phenomenon has shaken the foundations of the Financial Services sector – offering new ways to create value in an ageing industry. But not every bank or insurer is going to make the FinTech transition. And not every FinTech is going to outlast the initial burst of activity. So how are you going to exploit opportunities to survive and thrive in Financial Services? As a leader in integrating FinTech solutions, answering this question is our primary focus.

Beyond Fintech: A pragmatic assessment of disruptive potential in financial services

August, 2017
This report is from the World Economic Forum (Forum) and Deloitte studies the transformative role of fintech and other disruptive forces on the financial services industry

World Economic Forum

Atos positioned as a Leader in FinTech Services in Banking by analyst firm NelsonHall

July 17, 2017
Atos, has been positioned as a leader in FinTech Services in Banking in the NelsonHall NEAT vendor evaluation study that assesses 14 global vendors that offer FinTech Services as part of their banking BPS portfolio.
Nelson Hall

Industry News

Global

Insurtech can achieve 10% ROE

September 10, 2018
Technology can help property/casualty (P&C) insurers achieve the 10 percent return on equity (ROE) that investors expect, according to the latest Swiss Re sigma study.
Intelligent Insurer

Asia: 100 Insurtech Companies and Counting

August 29, 2018
Advances in digital innovations and cutting-edge technologies as well as evolving customer preferences are creating the need for digital agility in the insurance sector.
Fintech News

Insurtech hubs around the world and a recent fireside chat at InsurTech LA

August 16, 2018
While conferences are extremely valuable to attend, they also cost two things that not everyone has a lot extra of – time and money. Thankfully, there are a number of ‘hubs’ and ‘meetups’ around the US and world which individuals can attend for free or for a fraction of the cost of the major conferences.
Daily Fintech

Show more

Global

InsurTech from the Inside Out

August 13, 2018
InsurTechs are creating new, creative, and  helpful tools to improve the customers’ experience in selecting, and using insurance products.  However, there are risks for the start-ups and the insurers that are starting to rely on the InsurTechs. Is this improving the experience and maintaining the products’ viability?
Insurance Canada

Though Insurtech starts with ‘I’, it will only succeed with ‘We’

August 09, 2018
If you haven’t figured out by now through my writing, I like the softer side of our business.  A lot. Perhaps it is the ‘salesman’ in me and the fact that I have always been more relationship-focused than details-focused.
Daily Fintech

Partnerships drive InsurTech growth

August 09, 2018
A combination of incumbent insurers wanting to update their propositions, and startups realising they require help scaling up, means the InsurTech space is ripe for partnership. This is according to the Association of British Insurers’ assistant director and head of strategy, data and analytics Matt Cullen, who suggested that the market is finally getting closer to making technology pay.
FS Tech

An Insurtech Reality Check

August 06, 2018
If you’ve got your eyes set on technology that won’t move the needle this year, it’s time to reevaluate what can provide bottom-line results in the short term. AI and machine learning will have their day in commercial insurance. But what are you doing today to drive tangible business results? Insurtech does not have to be a “pie in the sky” endeavor. It can be deployed right now.
Insurance Thought Leadership

Insurtech As An Enabler Rather Then A Disruptor: Report

August 03, 2018
The insurance industry is undergoing profound changes, driven by new customer expectations, emerging technologies, and sustained downward pressure on margin. Since 2015, insurtech players have boomed globally and while initially perceived as potential threats, these are now quickly emerging as enablers that can help incumbents drive new customer experiences and deliver more value, according to a report by Startupbootcamp and PwC.
Fintech News

Insurtech on the rise among fintech categories

August 01, 2018
In its latest Pulse of Fintech report, covering the first half of 2018, consultancy KPMG states that the rising participation in the market is manifesting itself most notablyin alliances geared toward embedding offerings in existing value chains. For example, AXA and ING entered a partnership earlier this year to create a holistic product suite including banking and insurance via digital.
Dig in

What the heck is InsurTech

July 25, 2018
Insurance is an invention of the modern age. In fact, its origins can be traced back as far as 4000 years to ancient times in Mesopotamia. Charlemagne, King of the Franks, is said to have introduced the concept of insurance to Europe by setting up guilds that would cover the ships of merchants in case of shipwreck or pirate attacks. This, of course, is the foundation of the most famous insurance market of the world, Lloyd’s of London, which was first established in the late 17thcentury in a coffeehouse that served merchants and ship owners with shipping news and turned into an exchange for marine insurance.
Planet Compliance

Demystifying insurtech to present opportunities for brokers

July 13, 2018
The bricks and mortar insurance broker is transforming. Today, some brokerages look a lot more like Google than an insurance brokerage. They have virtual employees driven by artificial intelligence (AI) who can provide slick and efficient customer service around the clock.
Insurance Business Magezine

Taking Insurance to the Next Level with InsurTech Partnerships – European Experience

June 20, 2018
When analyzing insurer-InsurTech partnerships, we looked at a total of 95 partnerships established by 25 incumbents with several InsurTech startups and categorized those partnerships across major areas of operations. While the number of integrations, scale, and areas of operations where those integrations are being tested today vary, integrations/technology adoptions are becoming common in every region.
GOMEDICI

Insurtech Investments Hit New High in Q1: Willis Towers Watson

June 04, 2018
Insurtech investment deals reached a new high in the 2018 first quarter, with older insurers and reinsurers increasingly committing financing right along with traditional venture capitalists, Willis Towers Watson found. There were 66 insurtech investment deals during the quarter at an investment volume of $724 million. That’s up 155 percent from the 2017 first quarter and 16 percent from Q4’s collective deal value of $624 million, Willis Towers Watson noted in its new quarterly insurtech briefing produced in collaboration with CB Insights.
Insurance Journal

Regulators challenged by insurtech innovations

May 01, 2018
The pace of innovation and progressive application of new technologies in the insurance sector poses challenges for regulators, according to experts and public officials speaking at a meeting at The New York City Bar on Friday. Members of a panel discussion on the legal implications for insurtech were asked about their concerns during the meeting, which focused on current issues in insurance regulation.
Business Insurance

Insurtech hub in the works to help industry integrate 

April 26, 2018
The Office of Insurance Commission (OIC) will set up the Insurtech Centre of Thailand (ICT) over the next two months for data collection, technological exchange and insurance product development. The ICT will also be a hub to integrate insurance firms and tech startups to drive the domestic insurance industry forward, secretary-general Suthiphon Thaveechaiyagarn said during a seminar entitled “CEO Insurance Forum 2018”.
Bangkok Post

Insurtech M&A deal volume triples in Asia

April 09, 2018
The total transaction volume of insurtech merger and acquisitions (M&As) in Asia hit $460 million in 2017, more than three times that of 2016, as industry incumbents and new entrants to the market pushed towards greater digitalization, according to the fourth Quarterly InsurTech Briefing from Willis Towers Watson.
Intelligent Insurer 

Company News

Global

InsurTech Homelyfe partners with Yolt

September 06, 2018
InsurTech start-up Homelyfe has teamed up with money management platform Yolt to offer integrated home insurance services via mobile app.
FS Tech

InsurTech startup SkyWatch.AI announces a partnership with Maps Made Easy to Provide Insurance for Drone Pilots Exactly When They Need It

September 05, 2018
SkyWatch.AI, a data analysis, risk-assessment and insurtech platform for the drone industry, announced today its partnership and technological integration with Map Pilot, by Maps Made Easy, a drone industry leader in aerial maps processing.
Suas News

Starling Bank Announces New Partnership With Insurtech Anorak

September 03, 2018
UK challenger bank Starling Bank announced on Monday it has formed a partnership with insurtech startup Anorak. According to Starling Bank, Anorak is now set to provide impartial life insurance advice through the Starling Marketplace.
Crowdfund Insider

Show more

Global

SoftBank to invest $100m in Chinese insurtech JV

August 29, 2018
Japanese multinational SoftBank, one of the most prolific fintech investors, is set to spend $100m on a joint venture with Chinese digital insurer ZhongAn Online.
Finextra

Insurtech start-up aims to serve low-risk consumers

August 27, 2018
Insurtech firm Halos Insurance is aiming to build a product designed specifically for low-risk and accident-free consumers. Halos Insurance founder and chief executive Satadru Sengupta claims more than 80% of insurance consumers are under-served.
Insurance Business Magazine

New InsurTech Software Suite Helps Clients Manage Independent Contractors Seamlessly

August 21, 2018
Crawford Compliance Inc., a subsidiary of Crawford & Company (Canada) Inc. today announces the launch of a new contractor management solution. In line with Crawford’s mission to restore and enhance lives business and communities, we continue to innovate and build solutions that mitigate risk and reduce losses. The latest addition to this portfolio of solutions is Tracker Central Management Portal, a tool that enables users to mitigate risk and reduce the number of incidents that occur when working with contractors, ensuring compliance with all relevant regulations such as health and safety, environmental, etc.
Insurance Canada

ZhongAn receives overseas InsurTech investment from Softbank Vision

August 20, 2018
ZhongAn International, a subsidiary of China’s largest online-only insurer ZhongAn Online P&C Co., has entered into a Shareholder Agreement with Japanese technology & telecoms investor SoftBank Vision Fund to help expand ZhongAn’s InsurTech solutions businesses in overseas markets..
Reinsurance

New Florida Insurtech Agency HoneyQuote Looks to Shake-Up Agency Model

August 16, 2018
A new insurtech agency has entered the Florida homeowners market space with a rating engine offering quotes from multiple domestic carriers and the ability to purchase coverage in one transaction.
Insurance Journal

Go-Jek, Traveloka and Tokopedia confirm investment in insurtech startup PasarPolis

August 10, 2018
Indonesian unicorns Go-Jek, Traveloka and Tokopedia have officially announced an investment in local insurance technology (insurtech) startup Pasarpolis, confirming an earlier report by DEALSTREETASIA.
Deal Street Asia

Island Leads Again With Insurtech

August 09, 2018
Bermuda’s insurance history is an extremely rich one. The captive insurance sector, which was once thought radical, was developed in Bermuda in the 1960s and 1970s and established Bermuda’s bourgeoning international insurance industry.
BER News

Swiss insurtech wefox forays into Italian market

August 07, 2018
Swiss insurtech start-up wefox, which was launched three years ago in Switzerland and Germany as a digital marketplace for insurance, has forayed into the Italian market. wefox calls itself as a marketplace for customers, brokers and insurance companies, alike.
Compelo

Risk trading insurtech Akinova adds fixed income experienced advisor

August 02, 2018
Akinova, a digital risk trading insurtech start-up that is developing a platform where insurance and reinsurance related risk can be traded, has added another senior advisor in Susan Estes, a Wall Street veteran, as well as co-founder and CEO of bond trading platform OpenDoor.
Artemis

AXIS Launches AXIS Digital Ventures, Accelerates InsurTech Partnership Efforts and Initiatives

July 30, 2018
AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS), today announced the launch of AXIS Digital Ventures, a new unit that will lead enterprise-wide efforts to partner with entrepreneurial companies focused on data and analytics with high value (re)insurance applications, new product opportunities including emerging risks, and new distribution and (re)insurance business models. AXIS Digital Ventures is also charged with introducing innovative enabling technologies across the Company’s businesses.
Axis Capital

InsurTech Start-up Homelyfe Teams up With Premium Credit

July 25, 2018
Homelyfe, the InsurTech start-up and recent winner in the 2018 Top 100 Start-ups Index, has selected market leader Premium Credit as its premium finance supplier. The partnership allows Homelyfe’s customers to quickly and efficiently acquire home insurance cover with the option to pay in instalments, all at the point of sale, through a collective use of ground-breaking technology and digital integration.
PR Newswire

Bermuda to create an insurtech sandbox

June 22, 2018
Legislation to enable insurtech experimentation and innovation to be trialled in Bermuda is being tabled today by the Bermuda Government. Not everyone will be able to play in the sandbox environment as eligibility criteria has also been proposed. It is for use by licensed insurers or licensed insurance intermediaries.
Royal Gazzete

UK start-up Yulife to bring life to insurtech

June 18, 2018
Yulife claims to be the first lifestyle insurance business in the world, and will launch later in the year offering life insurance plus wellbeing tools for businesses and individuals. The firm uses game design and rewards to “give you the TLC (tender loving care) you need”, but traditional life insurance lacks.
Banking Tech

Insurtech MGA Corvus Insurance Launches ‘Smart’ Cyber Coverage

June 18, 2018
Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a conventional cyber insurance policy along with others designed to help brokers and policyholders predict and prevent cyber insurance claims.
Insurance Journal

Zurich just struck another insurtech partnership

June 14, 2018
Legacy insurer Zurich has intensified its fintech partnership efforts by contributing to a €15 million ($17.6 million) investment in insurtech Digital Insurance Group (DIG). As part of the deal, Zurich will leverage DIG’s solutions and implement them in its own business.
Business Insider

MetLife and Insurtech Start-Ups Ignite Innovation

June 14, 2018
How does a digital start-up get the attention of a Fortune 50 insurer with more than $60 billion in revenue? At MetLife, they walk in the front door and make their pitch. Today, MetLife will host its fourth “Ignition” event at its headquarters in New York City. The “digital speed dating” event brings together global MetLife leaders with cutting-edge start-ups and many of MetLife’s 16 venture capital (VC) partners to explore how disruptive technologies can be applied at MetLife.
Financial Market

Lloyd’s of London launches lab for insurtech innovation

May 11, 2018
Lloyd’s of London has unveiled its new lab as it looks out for insurtech innovation in an “increasingly digital, data-driven world”. Coming in the second half of 2018 the Lloyd’s Lab will focus predominantly on designing technology-driven solutions. As you guessed, the lab will enable new concepts, ideas and products to be tested in a “fast-track, fast-fail environment with the support and active involvement of Lloyd’s market participants”.
Banking Tech

PwC announce the Scale InsurTech cohort of businesses

May 01, 2018
PwC is collaborating with Early Metrics to launch the Scale | InsurTech programme to support high potential scale-up businesses. The programme, which launches this May, will link fast-growth scale-ups and established insurance organisations to generate mutually beneficial commercial opportunities and relationships.
Actuarial Post 

Insurtech will ‘absolutely’ move goalposts on customer service

April 28, 2018
Insurtech could “absolutely” move the goalposts when it comes to customer service, particularly in the area of claims, an expert has said. Clint Kerekes, global chief operating officer at Claim Central, said that he believes insurtech could totally revamp the industry from a customer experience perspective. “Insurtech has the ability to impact and improve customer service at each touchpoint across the insurance value chain,” Kerekes told Insurance Business. “The biggest impact is moving away from a reactive claims service to a proactive service.”
Insurance Business Magazine

AXA partners with insurtech start-up to target less frequent drivers

April 12, 2018
AXA UK has partnered with a pay-by-mile insurtech start-up targeting motorists who drive less often. By Miles measures each journey using a matchbox-sized black box device called a Miles Tracker, with drivers able to access the cost of each trip through a smartphone app. The start-up will launch its first policies and driving app to waiting list members next month, and is aimed at motorists that typically drive under 7,000 miles a year.
Insurance Times

Eos Venture Partners to raise USD100m debut fund for InsurTech

April 12, 2018
Eos Venture Partners (Eos), a specialist venture capital investor in insurance technology (InsurTech), is to raise a USD100 million debut fund, EVP I. The fund will be one of the first global, independent InsurTech investment funds targeting early and growth stage investments.Eos was formed in 2016 and has made eight InsurTech investments, with six going on to successfully raise up-rounds. Notable investments include Neos, a connected home insurance proposition, which raised USD7m from Aviva and Munich Re, and Digital Fineprint, a business that uses social media to enhance the insurance process, which raised USD2.7 million from PenTech Ventures.
Private Equity Wire

GoodData Goes for Insurtech

April 06, 2018
Data analytics and insights company GoodData expanded into the insurance industry this week to simplify claims and underwriting. The San Francisco-based company’s foray into insurtech is marked with the launch of two analytical solutions, Underwriting Insights and Claims Insights. These two products aim to help insurance companies enhance the end customer experience by automating data integration. GoodData leverages machine learning and AI to automate multiple steps in the claims and underwriting process.
Finovate

MetLife to Offer Travel Insurance Via Tencent’s WeSure Platform

April 02, 2018
MetLife and WeSure, digital insurance provider owned by Tencent, announced a strategic partnership to offer insurance solutions to travelers through Tencent’s WeSure online insurance platform. This alliance marries WeSure’s extensive base of 1B monthly active users on Tencent’s mobile social communications platform, WeChat, with MetLife’s global expertise in life and health protection solutions, and enables both parties to collaborate in fields such as big-data analysis, tailor-made and intelligent value-added services to deliver easier to use, more transparent end-to-end protection solutions for Chinese travelers.
Coverager

Events

US

OnRamp Insurance Conference

April 12, 2018 – Insurtech, Conference/ Showcase
The OnRamp Insurance Conference brings together the insurance industry’s leading corporations, investors and startups. The conference highlights innovations disrupting the insurance industry, the leaders making such innovations possible and how new technologies and business models will reinvent the industry. Last year’s event had around 700 attendees and covered a variety of topics such as InsurTech technologies (AI, Blockchain), digital transformation case studies, and best practices in areas such as carrier-InsurTech partnerships.

Global Insurance Symposium

April 24-26, 2018 – Insurtech, Conference/ Showcase
This annual event features renowned industry keynote and panel speakers, as well as numerous opportunities for attendees to participate in roundtable and breakout discussion sessions with global insurance leaders. Speakers include state insurance commissioners, industry leaders, regulatory representatives from various states, national offices and international organizations, and other experts in the insurance industry from around the world.

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Global/US

InsurTech Rising US

May 08-10, 2018 – Insurtech, Conference/ Showcase
Catch the future of insurance in real-time with 50+ insurtech demos. Connect with the leaders driving change. Get to grips with insurtech’s impact

Dig|In

May 14-16, 2018 – Insurtech, Conference/ Showcase
Digital insurance is changing quickly, with every insurer in the market investing in digital strategies and deploying solutions – portals, mobile apps, home or personal devices and more—as they make digital strategy the heart of how they serve markets and customers. Along with this, the number of insurtech startups grows by the week as entrepreneurs and investors seek to capitalize on this rapidly changing market. Join Digital Insurance at this innovative, industry-leading event built to showcase the best aspects of the digital future of insurance. Dig|In will feature keynotes from the industry’s disruptors; we’ll hear from the endemic industry players that are leading the way with digital strategy, and visionaries who are building the future of the industry. And of course the event will bring you fast-paced live demos from a curated list of the industry’s most progressive technology companies.

InsureTech Connect

October 2-3, 2018 – Insurtech, Conference/ Showcase
With over 5,000 attendees expected for this year’s event, this is the world’s largest InsurTech conference.  Last year had over 50 sessions scheduled over the 2 days split into various tracks – pretty much every topic/technology around InsurTech had coverage..

Europe

Connected Insurance Summit Europe 

June 11-12, 2018 – Insurtech, Conference/ Showcase
Join 300+ insurance innovators, who are pioneering connected products and services for insurance. IoT is just a technology. IoT-enabled product and service transformation is where the real opportunity lies. Over 2-days, join 300 of your peers to debate the future of connected insurance. Discover the new products and services that are delivering experiences worth paying for, and delve into the business case for developing a value proposition around connected technologies. With focused workshops on the future of auto, home, health/life and commercial, plus a full 2-days of strategy and innovation sessions, you will leave with a roadmap for connected insurance that is ripe and ready for speedy implementation.

Insurtech Rising Europe

September 10-12, 2018 – Insurtech, Conference/ Showcase

Insuretech Europe Conference 2018

September 25, 2018 – Insurtech, Conference/ Showcase
InsurTech Europe (previoulsy The London InsurTech Conference) returns for a third year running, this time we will be showcasing big industry leaders and how they are innovating with technology as well as the best of InsurTech from around the globe.

Singapore

The Asia Insuretech Summit 2018

April 23-24, 2018 – Insurtech, Conference/ Showcase

 

Reports

Global

Fearless Innovation in InsurTech

2017 was a year of strong headline growth of InsurTech. According to Accenture’s analysis of data from CB Insights, the number of deals rose by 39%. Click to gain more insights.
Accenture

Quarterly InsurTech Q4 Briefing – Willis Towers Watson/ CB Insights

2018 Following another year of record investment, this in-depth report highlights a full year’s worth of 2017 InsurTech activity. By investing heavily in start-ups and technology, (re)insurance companies sent a message to potential disruptive outsiders and assumed a semblance of control over the InsurTech revolution.
Willis Re

The  Future of Insuretech in Germany: Insuretech Radar 2017 – Oliver Wyman

The German InsurTech market continues to develop very dynamically. One can rightfully speak of a start-up boom. But how sustainable is it? We applied the tried and tested InsurTech Radar methodology to evaluate the developments and compare the results to those obtained in 2016. With this, our InsurTech Radar provides orientation for all players in the insurance market.
Oliver Wyman

2018 Insuretech Impact 25 – Oxbox Partners

There are many InsurTech lists and landscape infographics.  What really matters is identifying the winners. Members of Oxbow Partners InsurTech Impact 25 have achieved revenue growth and have a technology-led proposition that can transform incumbents or the insurance industry as a whole.
Oxbox Partners

InsurTech sector quarterly update, Q3 July 2017

With the help of Venture Scanner data, InsurTechNews is now able to offer you a quarterly update on the state of the InsurTech sector.
Insure Tech News

Industry News

Global

Total RegTech Funding Has Already Surpassed $2.5bn This Year

August 29, 2018
More than $6.1bn has been raised by RegTech companies across 529 deals since 2014. The RegTech sector expanded steadily between 2014 and 2017, with funding increasing at a CAGR of 12.4% and annual deal activity staying above 100 transactions during the period.
Fintech Times

The Rise of Regtech

August 28, 2018
Regtech is generally recognised as technology that addresses a regulatory challenge faced by a financial services provider, including monitoring, reporting and compliance obligations. It often uses automation and machine learning (ML) tools to simplify processes and reduce cost, time and effort.
Banking Tech

Yoti is the Digital Identity RegTech App Revolutionising FinTech

August 23, 2018
Yoti is the free, secure digital identity app that lets you prove who you are to fintech, crypto and financial services at the click of a button. For businesses, it’s the easily integrated, F solution that lets you onboard and verify customers faster.
Fintech Times

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Industry News

Global

AAIS trials IBM blockchain RegTech

August 16, 2018
Blockchain continues its advance as a RegTech tool of choice as the American Association of Insurance Services (AAIS) announced it is using distributed ledger technology from IBM to automate its new regulatory reporting platform.
FSTech

RegTech to the Rescue

August 09, 2018
Since the global crisis in 2008 there has been no shortage of new regulations. Banks have subsequently added a costly headcount by hiring large teams of professionals to fulfil compliance and manage risk. For instance, 80% of the budget for anti-money-laundering (AML) is for tasks done manually. Part of RegTech’s merit is to substitute human capital with robotics to cut cost.
CFI

7 Thriving RegTech Startups in Switzerland

August 09, 2018
Chances are you’ll be surprised by the result of a google search for “RegTech Startup Switzerland”. There’s quite a number of them! Swisscom, a major services and consulting provider in Switzerland, counts 28 RegTech startups in the country and even publishes a RegTech market overview with a categorisation based on areas of activity.
Tech Bullion

Regtech sandboxes: who’s helping the market?

August 08, 2018
Innovative fintech products are fast-becoming the lifeblood of global economic prosperity. Fresh and exciting developments have the power to expand financial inclusion across developing economies, unlock new sources of funding for businesses and help individuals to better understand how they buy, spend and invest.
Payment Eye

Pot banking regtech is ready for its moment

July 24, 2018
For startups developing regulation technology for financial institutions that do business with marijuana firms, there’s one clear upside to the fact that medical marijuana remains illegal under federal law.
American Banker

RegTech: From Compliance Checkbox To Competitive Cornerstone

July 02, 2018
Bank of America is being sued for $120 million after failing to flag large deposits into small accounts, which were cleared a few days later. Previously, U.S. Bank was fined $600 million for failing to flag and report suspicious activity according to anti-money laundering (AML) requirements. These are big banks making these mistakes, and they aren’t the only ones making headlines for regulatory blunders. According to John Epperson, principal at Crowe LLP, that goes to show that the current approaches to regulatory and compliance technology (RegTech) aren’t working.
PYMNTS

The obstacles of RegTech adoption and what to do about it

June 29, 2018
When you speak regularly about RegTech with both people at banks and start-ups, you can’t help but notice how the tide has turned over the last two years. In 2016 people would often shrug when asked about it, but 2017 certainly was a break out year for RegTech. Sure, technology has been used for many years in one way or the other to support compliance and adhere with regulatory obligations but it wasn’t until last year that RegTech made it into the headlines and has really come to the awareness of boardrooms and decision makers.
Planet Compliance

How European Banks Are Using RegTech Solutions

June 06, 2018
Large US and European banks are spending $20 billion a year on technology to help them comply with newly evolving regulations such as MiFID and PSD2. With regulatory environments becoming increasingly complex, 300+ million pages of regulatory documents will be published by 2020 & 600+ legislative initiatives need to be cataloged by a medium-sized, sell-side institution to have a holistic view of their rulebook – the silos of data generated by various business functions lead to significant resource expenditures on data collection, organization, and analysis.
MEDICI

Australian Regtech Starts Global Rollout in Singapore

May 23, 2018
Australian-based Regtech firm GCS Agile has signed its first international agreement in Singapore for the use of FACS, their FATCA (Foreign Account Tax Compliance Act) And CRS (Common Reporting Standard) Service.FACS is a world leading software program built specifically to manage the complex requirements for the Common Reporting Standard (CRS), for which reports in Singapore and Australia are due for the first time this year.
Fintech News

Regtech to get push of data privacy compliance

May 22, 2018
New compliance regulations concerning digital disruption and data privacy protection are driving opportunities for a new type of startup — regulatory technology (regtech) — in Thailand. 
Bangkok Post

FCA focus areas that drive Regtech innovation trends

May 18, 2018
Regtech has been in the spotlight for the past couple of years, and with the ecosystem warming up to the trend, we see quite a lot of activity around events, awards and regtech forums emerging. Technology solving regulatory requirements has been around for a long time, especially post 2008 when regulators across the world increased the oversight on banks.
Daily Fintech

SupTech – Regulators’ Push to RegTech

May 17, 2018
RegTech as a segment has been witnessing immense interest and activity in the recent past – be it due to the huge fines for non-compliance being imposed by regulators across the world; the reputational damage resulting from these fines, especially for the large, well-known banks; or the realization of the huge potential cost savings and other strategic benefits (RegTech – The Triple Bottom Line Approach). 
GOMEDICI

NSW to support Australia’s RegTech Association with $30K sponsorship

April 30, 2018
Minister for Trade and Industry Niall Blair today announced the NSW Government was backing new events designed to drive growth in the state’s emerging regulatory technology (RegTech) industry with the first event in Sydney this week (on 3-4 May). Mr Blair said the Government was supporting The RegTech Association with $30,000 in sponsorship to run the program of education and industry forums.
Finextra

5 Popular Technologies from the World of RegTech

April 30, 2018
It’s becoming clear these days that a sizeable chunk of the most disruptive innovations being applied within the financial sphere is coming from RegTech. As we mentioned in our previous article, demand for RegTech solutions is expected to skyrocket, as firms intensify their search for ways to effectively deal with the increasingly labyrinthine demands from regulators across such areas as compliance, regulatory reporting, and risk management.
Tech Bullion

The evolution of regtech

April 18, 2018
Since the global financial crisis a plethora of regulation has been introduced and enforced. Whilst the pace of new regulatory initiatives has certainly ebbed, the consequences of such change are vast and remain in play. Many industry commentators question whether this increasing level of regulation will hinder innovation and slow down processes. Contrary to this belief, the opposite trend is emerging with a greater focus on developing technological solutions to new/greater regulatory requirements.
Banking Tech

Understanding MiFID II’s 30,000 Pages Of Regulation Requires RegTech

April 04, 2018
Banks and  regulators need semantically enabled regulatory technology to deal with the huge, and constantly expanding, volumes of regulations, according to a new report by the London-based RegTech Council, “A New Paradigm for Regulatory Change and Compliance.” “it took 30,000 pages and 1.5 million paragraphs to describe the rules in MiFID II…And the problem is only going to get more complicated. Over 50,000 regulations were published across the G20 between 2009 and 2012.
Forbes

Global regulatory compliance – RegTech isn’t a panacea but provides critical tools in the right hands

March 19, 2018
Global regulation has developed like a slow growing but increasingly powerful storm system over the last five years. And whereas big wave surfers welcome such conditions thanks to the epic waves it produces, there are, it could be argued, precious few C-suite executives relishing the equivalent regulatory waves being cast ashore. Asset managers today must contend with complex data aggregation tasks due to reliance on multiple data sets often operated and managed on multiple systems. But whilst this is putting great pressure on internal resources, creating a tug-of-war between compliance departments and the front-office as they compete for additional dollars, there is a way forward; one that uses both top-down and bottom-up approaches to create a more cost-effective, automated regulatory compliance program.
hedgeweek

Regulators to hash out global fintech sandbox

March 19, 2018
The UK’s Financial Conduct Authority says that it will start working with partners in Europe, the Far East and the US on a blueprint for a global regulatory fintech sandbox. Having launched the world’s first domestic regulatory sandbox in 2016, the FCA last month floated the possibility of a global version, enabling fintech firms to carry out tests in different countries at the same time and helping watchdogs to identify and solve common cross-border problems.
Finextra  

Could regtech bridge the trade finance gap in emerging economies?

March 08, 2018
New technologies such as machine learning and blockchain could help solve the de-risking problem among banks globally and widen access to trade finance in emerging markets. That’s according to a new study by Centre for Global Development, which assesses six new regulatory technologies – machine learning, biometrics, big data, know your customer (KYC) utilities, blockchain and legal entity identifiers (LEIs) – and their potential to address the de-risking problem.
Global Tech Review

Examining the ROI & Benefits of RegTech Solutions for Businesses

March 07, 2018
Compared to pre-financial crisis spending levels, operating costs spent on compliance have increased by over 60% for retail and corporate banks. With that, the global demand for regulatory, compliance and governance software is expected to reach $118.7 billion by 2020. Investments and regulatory compliance solutions, however, cannot be seen exclusively as an expense account anymore and proven to be worth the hassle. Estimates suggest that investments in regulatory software can lead to an ROI of 600% or even more with a payback period of fewer than three years.
MEDICI

How Many Regtech Startups in Luxembourgh

Fabruary 16, 2018
“Europe is a hotbed for regtech startups focused on financial services”. That’s according to CB Insights, a data analysis firm. The company’s “2018 Fintech Trends Report”, released on 25 January, counted more than 60 such startups in the EU, including 2 in Luxembourg: Governance.io and TheMarketsTrust.
Banking Tech

FinTech Big 5: RegTech, Blockchain, InsurTech, AI and Financial Inclusion

January 16, 2018
Going in to 2018, we have chosen five areas of interest to focus on. Each represents a vital area of innovation in the financial industry, and has a particular relevance to Luxembourg’s thriving financial technology ecosystem. Each week we will be choosing one of the topics to focus on, both in the content we share on social media, but also in a dedicated newsletter looking at the top five stories from that week.
Banking Tech

When it comes to regtech, going it alone isn’t an option

January, 2018
Why is collaboration important for regtech? (Interview – Chris O’Driscoll, head of disruptive change at PA Consulting Group) – If I think about the word “collaboration” in the context of regtech, it’s not about two similar organisations pooling ideas or resources. For me, it’s about any firm that has a stake in technology as a means to simplify compliance becoming part of an ecosystem. I’d include banks, insurers, asset managers, regulators, tech firms, consultants, accelerators, and academics in that eco-system. They all have something to bring to the table to support the regtech industry.
Banking Tech

The key to unlocking potential from regtech: change the way you think

January, 2018
New regtechs are popping up all the time, and while this may cause some alarm for incumbents, many don’t make much of an impact on the industry.
Banking Tech

Hong Kong’s SFC unveils regtech sandbox

October 2, 2017
Hong Kong’s Securities and Futures Commission (SFC) has launched its SFC Regulatory Sandbox to provide a place for firms to test out their ideas.
Banking Technology

Will regtech kill bank jobs?

October 5, 2017
Technology and regulation are intersecting in ways that create uncertainty in a number of areas, but for those who work in compliance, the big question is whether advanced technologies like artificial intelligence and blockchain will ultimately replace people.
American Banker

Regtech can help national regulators win the race for talent

September 21, 2017
A race for regulatory talent is about to begin. Regardless of the outcome of the Brexit negotiations, it’s almost certain many UK banks will relocate their headquarters or employees, and European financial capitals will swell in size.
Fintech Weekly

Company News

Global

Regtech ComplySci on a high with Vista Equity investment

August 24, 2018
New York-based regtech firm ComplySci has received investment from Vista Equity Partners’ Endeavor Fund. Existing investor Edison Partners has also invested and will retain a minority ownership stake in ComplySci. Financial details were not disclosed.
Banking Tech

Vizor Software to Present at Central Banking FinTech & RegTech Global Summit 2018

August 23, 2018
Vizor, the world leader in supervisory software for Financial Regulators and Central Banks, today announced that Vizor’s Chief Technology Officer, Ryan Flood, will be a featured speaker at the Central Banking FinTech & RegTech Global Summit in Singapore on 6th September 2018.
PR Web

RegTech Platform iComply Announces Public Beta to Delivery Security Token Platforms & Exchanges Legitimacy

August 16, 2018
On Thursday, regtech company iComply Investor Services announced it is launching its public beta following the closure of a seven-figure seed round that was covered by Coindesk earlier this week. The company reported that its software combines KYC, AML, blockchain forensics, source of funds reporting, secondary trade management, which is currently only deployed for Ethereum, and even registrar functions for equity tokens.
Crowdfund Insider

Show more

Global

PayThink Ireland’s tech deregulation bodes well for regtech development

August 08, 2018
The regulation technology industry is expected to grow rapidly and total U.S. $6.46 billion globally by 2020. The agility and flexibility enabled by regtech solutions will facilitate operational excellence and can also be extended to other activities within the organizations to promote a better understanding of the marketplace and clients.
Payment Source

UK’s Nationwide invests in AI regtech Hazy

August 01, 2018
Hazy, a London-based online regtech platform, has received Nationwide Building Society’s second investment as part of a £50 million Venturing Fund designed to create long-term partnerships.
Hazy says it uses artificial intelligence (AI) in its solutions to seek out and anonymise personal data, “supporting businesses in ensuing customer data is private and secure”.
Banking Tech

Standard Chartered partners with RegTech firm Silent Eight

July 11, 2018
As part of its continued efforts to lead the way in the global fight against financial crime, Standard Chartered has partnered with Silent Eight through its use of RegTech, to deliver cutting edge capabilities to its Financial Crime Compliance (FCC) teams. FCC’s strategy is to continually invest to be at the forefront of the ever-changing financial crime landscape.
Business Today

Regtech Firm IdentityMind Shares Insights and Predictions on Cryptocurrency Market, ICOs

July 09, 2018
IdentityMind, a Californian regtech company that serves cryptocurrency exchanges among other clients, believes that these platforms will witness explosive growth in the coming months, the company said on Tuesday. According to Neal Reiter, director of the ICO and virtual currency business unit of IdentityMind, there’s tremendous growth in cryptocurrency exchanges but most people just aren’t seeing it. He expects continued momentum for the months ahead.
Coin Journal

Bank of Lithuania releases new RegTech tool for e-licensing

July 03, 2018
The Bank of Lithuania has introduced an e-licensing tool that makes submission of information necessary to obtain an operating licence quicker, easier and less expensive. Currently the tool facilitates the process of applying for e-money and payment institution licences and new enhancements for applications of other licence types are under way. The solution should eventually become the main platform for information sharing and cooperation between the Bank of Lithuania and financial market participants.
Finextra

Finastra to introduce IFRS 9 Regtech solution in Indonesia

July 02, 2018
Financial technology company Finastra is set to introduce IFRS 9 Regtech solution in Indonesia through a local government accredited data centre. The new IFRS 9 compliance capabilities is expected to assist the regional and medium-sized banks to comply with the new financial reporting standards, scheduled to become effective in January 2020.
Virdict

RegTech Leader kompany Breaks the Ranks of dun & bradstreet and Bureau van Dijk

June 29, 2018
Austrian-based RegTech firm kompany signed a multi-year contract with RBI for the development and implementation of a fully 4AMLD & MiFiDII compliant and audit-proof Business KYC (Know Your Customer) solution. As the leading global cloud-based platform in its industry, kompany stands out by providing real-time and audit-proof information from government sources, filling the void left by incumbent business information providers. kompany defined the blueprint for Business KYC while taking part in RBI’s FinTech accelerator program, Elevator Lab, thus closing the gap between compliance processes and regulatory institutions.
IT Briefing

IBM Watson expands further into RegTech

June 20, 2018
IBM is expanding Watson further into the RegTech arena, pitching the cognitive computing platform as uniquely placed to help banks deal with an increasingly complex regulatory and risk environment. Current risk and compliance systems are disparate and disconnected, often with varying taxonomies, user interfaces, and skill requirements.
Finextra

BearingPoint’s RegTech Solutions Open up Lithuanian Market

June 04, 2018
BearingPoint’s RegTech platform Abacus has been taken up by Citadele Bank Lithuania. With the Lithuanian commercial bank, the international management and technology consultancy BearingPoint adds a new country to its global footprint. Citadele Bank decided for BearingPoint’s tried and tested platform Abacus360 Banking to meet the European Central Bank’s (ECB) growing requirements on AnaCredit (Analytical Credit Datasets) reporting. As part of AnaCredit, roughly 100 data attributes are required to be reported. Local Lithuanian attributes are currently developed and integrated by BearingPoint to meet local AnaCredit requirements.
4 Traders

smartTrade Technologies Awarded Best Solution for Records Retention by RegTech 2018

May 10, 2018
smartTrade Technologies, a multi-asset electronic trading pioneer, announces that its multi-asset big data analytics solution, smartANALYTICS, won the RegTech 2018 award for Best Solution for Records Retention voted by members of the Data Management Review and Intelligent Trading Technology communities. With the introduction of Mifid II and other regulations, financial firms are now required to keep detailed records of their entire order flow and execution logic for several years. Record keeping and data storage go beyond compliance and allow financial firms to gain market intelligence. Our clients have proactively been leveraging this data recording obligation to analyse and spot patterns and correlations in their trading to improve their execution efficiency..
Business Wire

KPMG Singapore implements RegTech applicaton with Lombard Risk

March 20, 2018
KPMG in Singapore and Lombard Risk, the dedicated global provider of regulatory reporting and collateral management solutions, have today announced the launch of the KPMG Regulatory Integrated Solution (KRIS) through a strategic alliance, to help financial institutions automate and fulfil mandatory regulatory reporting obligations in an agile, accurate and cost-efficient manner.
Finextra

Styles&Wood gains two regtech deals in UK

March 14, 2018
Styles&Wood has gained two new takers of its Arctick governance risk and compliance solution: Go Car Credit Limited and Chetwood Bank. Go Car Credit, a consumer motor finance lender in the UK, has opted for the off-the-shelf version of the system, according to the vendor. Arctick will support audit, compliance and risk management requirements of the Financial Conduct Authority (FCA) under SYSC 7 and the future requirements of the Senior Managers and Certification Regime (SMCR).
Banking Tech

Partnership to Shape the RegTech Ecosystem in Southeast Asia and Japan

February 14, 2018
RegPac Revolution headquartered in Singapore and Japan-based encognize have announced a co-operation agreement to support and accelerate the innovation and adoption of Regulatory Technologies, RegTech, in both countries through a program of joint-initiatives.
Fintech Singapore

Regtech firm Sovos is aggressively hiring programmers

February 13, 2018
Sovos, a financial software and regulatory technology (regtech) firm headquartered in Wilmington, Massachusetts, has been expanding aggressively, both via acquisition and an ongoing hiring push.Sovos, which sells software to the regulatory compliance, risk management and tax groups of the four biggest U.S. investment banks, is in the midst of an extended hiring round in its core markets of Boston, Atlanta and Boulder, Colorado.
efinancial Carriers

‘It’s surreal’: These 20-something Oxford grads just raised $30 million for their fintech startup

September 28, 2017
A “RegTech” — regulation technology — company founded by three Oxford grads all under 30 has raised $30 million (£22.4 million) from investors including Microsoft’s venture capital arm.
Business Insider

RegTech startup Apiax secures $1.5 million in seed funding

September 28, 2017
Apiax, a RegTech startup transforming complex regulations into easy-to-use digital compliance rules, today announced its Seed Round raise of more than $1.5 Million.
Finextra

 

Reports

Global

Financial Crime & Conduct: Exploring Regulatory Technology – A New Approach

In response to pressures from increasingly complex and demanding global regulations, RegTech solutions are achieving the ability to process, analyse and distil enormous volumes of data from disparate sources virtually in real-time. The expanding electronification of global financial markets, as driven by market structure reforms such as Dodd-Frank, EMIR and MiFID II, is very rapidly bringing online vast new streams of information, alongside new processes that need to be monitored systematically for unusual or suspicious patterns.
RT Associates

Fintech Decoded: Capturing the opportunity in capital markets infrastructure

The level of investment in CMI fintech is gaining. For providers, the key is to view fintech not as a strategy in itself but as a means to reach strategic priorities. Technology has long been the engine driving capital market efficiency—both for investors in the markets, and for the capital market infrastructure providers (CMIPs) that operate the exchanges and other trading venues, central counterparties, securities depositories, index providers, and data and analytics companies.
McKinsey&Company

Regtech Special Report

Overview and features of the Regtech landscape and solutions
risk.net

Events

UK

RegTech Capital Markets Conference

March 7, 2018 – Conference/Showcase
The aim of the third RegTech Capital Markets Conference is to see what firms, regulators and their suppliers have been doing about regtech during the previous 12 months and to establish leading practices for regtech. The event is geared towards regulatory SMEs, technology developers and executive.

Regtech Data Summit 2018, Washington DC

March 7, 2018 – Conference/Showcase
Data Coalition is holding first first regtech Data Summit next year to bring together agency leaders, Congress, regulated industries, and tech companies to define this future. Holland FinTech recently spoke to Dutch regtech Axoniq who highlighted the similarity between the GDPR and American privacy law, so much so that American companies use Axoniq’s GDPR module for compliance. There may be much to learn from the American perspective.

Regtech MENA

April 23-24, 2018 – Conference/Showcase
This two day conference in Dubai will draw connections between regtech and fintech and will discuss the transformative effect of technologies such as artificial intelligence, blockchain, big data analytics, biometrics. Another topic for discussion will be the drivers behind the rapid rise of regtech. Last year had international English involvement.

Regtech Summit Europe

September, 2018 – Conference/Showcase
Real-life RegTech applications to streamline regulatory compliance, bring innovative products to market, and benefit consumers.

The art of interpretation: Regtech and intrinsic complexity

The statistics are dizzying: around 170 jurisdictions, 750 regulators, millions of pages of rules and regulations, one revised every seven seconds.  It is no wonder that those charged with keeping their financial institution on the regulatory rails do not always sleep easily at night.  How is Regtech, a convenient shorthand for Regulatory Technology, responding, what has it delivered so far and what is the direction of travel?

Before addressing these questions, we should first perhaps remind ourselves how we got here in the first place.  After all, modern, developed markets of every kind are regulated, particularly those which are vital to economic and societal health. What’s different about financial services?

In short, they’re complicated, carry risk and tend to the longer term.  Add to this the effects of global economic integration, free flows of capital and the ingenuity of the industry to find value wherever and however it can and you have the ingredients for a set of financial instruments requiring careful monitoring and control at every level, firm, national and supra-national.

And in this complex environment, the over-riding goal does not change: to ensure the customer gets what is promised, the provider operates consistently and transparently and in line with internationally accepted principles and practice.

The financial crisis of 2007-08 and its fallout has seen far-reaching regulatory reform in every corner of the sector, not least in the regulatory frameworks and bodies themselves and, with that reform, has come a cascade of regulatory change which shows no sign of diminishing.  In response, risk and compliance departments have mushroomed both with the sheer volume of reporting now demanded and the unending task of consuming, understanding and responding to new rules.

Meanwhile, regulatory fines continue to be levied at persistently high rates for misdemeanours, past and present, intentional and accidental.

All of which has catalysed forward-thinking regulators to turn to their technology markets and encourage them to help ease at least some of the pressure points. Luckily enough, this has coincided with a confluence of high performance computing with machines which ‘learn’.

The result, a set of solutions which ingest and machine-read vast quantities of regulatory data, tag, cross-reference, organise and make it available on demand to the legal, risk and compliance experts who need to consider and interpret it and following those interpretations make recommendations on what needs to be done to stay compliant in the eyes of the regulators.

These are jaw-dropping advances in a short space of time.  Benefits accrue in productivity, cost and quality.  Risk and compliance leaders have more time to think strategically, rather than managing corrective delivery. The firm slowly but surely can get on the front foot.

And there it seems this piece of Regtech music stops, at least today.

For the task of interpretation has not been automated and it is questionable whether in the foreseeable future it reasonably could be, given the intrinsic complexity and volume of assets, transaction types, times, places, actions and jurisdictions when mapped to the number, interdependence and constant revision to which regulation is now routinely subjected.

Equally, just as financial institutions define and manage their risk appetite dynamically, so they can and do decide dynamically how compliant they want to be, influenced by the nature of their business, its culture, the market climate and perceived sources of competitive advantage.

All this perhaps is much more than a rule set or a machine, be they never so cleverly designed, could solve for.

So Regtech has started to deliver real benefits where it best can. Breaking bulk, improving data accessibility, filtering and presenting only the relevant data. Freeing up expert, high value time to do what it should be doing and so, improving the corporate and competitive health of the firm.

And that’s something to celebrate.

Michael Davison
Industry Principal, Financial Services
Atos UK and Ireland

 

Regtech: what’s in a name?

This week’s CSFI (Council for the Study of Financial Innovation) discussion between representatives from the Bank of England, VC Illuminate Financial and Kompli-Global, an intelligent KYC/AML utility, highlighted how elastic a term Regtech still is.

But, more usefully, it enabled a set of common views, attitudes and interests to emerge which did more to create a sense of coherence across the spectrum of work going on under the Regtech banner than the term itself.

Here are some of them:

RegTech is not new. Whilst the term may be newly minted, many of its business problems and responses have clear lineage back 30 or 40 years. What has changed are:

  • the technologies available and their combinative power, particularly cognitive computing.
  • increased operational complexity calling for smarter solutions.
  • the maturing Fintech investment ecosystem.
  • the concentration of specialist regulatory experience in the world’s financial hubs.

Regtech solves problems. Issues and requirements thrown up by regulation call for new solutions. More bodies are not the answer. These new solutions are often very specific to a problem so taking many new services, rather than a single monolithic system, is the direction of market travel.

Regtech is intelligent. Machines learn patterns to detect anomalous behaviour. Standards are set to enable data definitions to be translated into machine code for different uses, enabling automated and accurate data extraction from source systems for analysis and aggregation.

Outside-In is best. It has simply become far more efficient, more flexible and quicker to buy in Regtech solutions than to build them in-house. That in part explains the steady switching of specialists out of Governance Risk and Compliance positions into Regtech start-ups.

RegTech transforms data provision and reporting. The explosion in reporting requirements since the Financial Crisis has stimulated effort to improve data provision and reporting processes between industry, regulators and central banks. Regtech solutions tag and track aggregated and reported data back to the level of original data on a granular level. The EU’s Anacredit project, for example, identifies, aggregates and compares credit exposures and detects associated risks on a loan-by-loan basis.

Regtech is global as well as local. The same thorny issues are faced continuously by businesses and Governments alike, in Developed and Developing Economies:

  • How do we verify the identity of our counterparties?
  • How do we know we can trust them?
  • How do we onboard them, manage them, tax them?
  • How do we identify fraudulent behaviour and how do we act with the customer to stop it?
  • How do we report our numbers to the regulator accurately, on time and at the required level of detail most efficiently?

Even if Regtech has to act globally, it has to engage with local regulators and regulations, jurisdiction by jurisdiction; so there are no short cuts.

Regtech was invented by Regulators. The FCA ran up the Regtech flag in 2014/15, to define what Regtech is, should do and why. The PRA is charged by the UK Government to identify how to support Regtech and stands to be both a prime beneficiary and stimulus to more highly automated data provision. Internationally, the G20 vigorously promotes the pursuit of tax evasion, the exposure of Beneficial Owners and their reflection in tougher national and regional regulations. All this helps to create the climate in which Regtech innovation can thrive.

Each of these factors goes some way to explain why Regtech is culturally a distant cousin to some of the racier parts of the Fintech scene. And why, perhaps, it will deliver even greater benefits over time than they.

So, what matter the label ‘Regtech’? The work going on is the true story. It’s unmistakable when you see it and, though I blush to say it, rather exciting.

Michael Davison
Industry Principal, Financial Services
Atos UK and Ireland

 

Fintech: Here to Stay?

All the signs are that Fintech has planted itself firmly in the global financial services landscape for good. And that, like a vigorous plant, it has propagated itself successfully, creating new variants which are starting to thrive in different parts of that landscape.

Fintech has generated Insuretech which now has its own momentum and quite different character and preoccupations. And now Regtech is getting more fully under way. Common language, assumptions and associations have emerged. The Regulatory community is meeting across the world’s financial hubs – Singapore, Hong Kong, New York, London – to hear about it, talk about it and meet the start ups, entrepreneurs and financiers who are driven to advance the technology and drive down risk. Policy makers and regulators are cheering them on.

A glance at the statistics tell the story. Global Fintech funding continues to grow with $8.4Bn invested in Q2 2017 alone. 64% of global insurers had already made investments in Insuretechs by middle of 2016. Regtech, still in its infancy, attracted $678m of investment into 70 Regtechs in 2016, 38.5% CAGR on 2012.

But how ready are the financial services industries to embrace the ‘’newtech’?

Looking at the story so far suggests that culture and leadership can be tremendously important.

In consumer banking, champions invest continuously to take their bank ‘digital’ from top to bottom, BBVA being a long-standing example. Santander, which recently announced a doubling of its Innoventures fund to $200m is another.

In insurance Aviva leads the charge with its Insurancetech programmes and Digital Garages in London and Singapore.

China’s digital payment and social media leaders, Alipay and WeChat have enjoyed steep growth through a combination of blistering innovation and a captive market of 710 million internet users enthusiastically adopting the new.

Global investment banks are responding to the digital opportunity by launching new digital wealth management offerings, Goldman Sachs being only the latest.

Fintech is, directly or indirectly, playing its part in each of these.

Whilst innovative technology, smart skills and venture capital clearly all drive Fintech forward, Regulation itself has become, unexpectedly a new spur to Fintech growth and innovation.

Regtech dives straight into the hottest technologies – Big Data Analytics, Machine Learning and Cloud Computing – to create solutions which make regulatory compliance easier for financial services organisations through better risk prediction and keeping up with regulatory change.

Payment Services Directive 2 (PSD2) shortly to land in the European Union, places the ball firmly at the feet of banks, telcos, retailers and, yes, fintechs, to radically change the relationship between consumers and their bank.

By forcing banks to share customer and transaction data, with other regulated entities (the ‘Payment Initiation Services Providers’ and ‘Account Information Payment Services Providers’) banks will lose a unique advantage. And a new industry of ‘Concerge’ financial services intermediaries centred on payment transaction instructions will surely rise.

So, is Fintech here to stay? It looks that way. Working well? It depends on your point of view, but look back a decade and it is hard not to notice the difference. Will it run out of stream? I doubt it.

Michael Davison
Industry Principal, Financial Services
Atos UK and Ireland

Atos Fintech Program Video

bluedash

Finding the sweet spot: Getting out of the lab and into the business

On 23rd November 2017, Atos and Worldline, in partnership with Finovate, ran a panel discussion and workshop involving digital leaders and innovators from Financial Services institutions and FinTechs.

Hosted by Dan Cohen, Group SVP, Global Financial Services and Insurance, Atos the event “Finding the sweet spot: Getting out of the lab and into the business”, focused on the exploration of how best to foster and develop real world collaboration between Financial Services and FinTechs.

Remco Neuteboom from Atos’s view on the FinTech industry

Atos, Worldline & Finovate held an event on the 23rd November 2017 on ‘Finding the Sweet Spot: Out of the Lab and into the Business’. Listen to Remco Neuteboom’s (Chief Digital Officer, Global Financial Services & Insurance, Atos) views on whether he believes that both FinTechs and the Financial Services industry need help and if so, how digital services organizations or systems integrators can play a role here.

Dan Cohen from Atos’s view on the FinTech industry

Atos, Worldline & Finovate held an event on the 23rd November 2017 on ‘Finding the Sweet Spot: Out of the Lab and into the Business’. Listen to Dan Cohen’s (Group SVP, Global Financial Services & Insurance, Atos) view on how well equipped he thinks FinTechs have been to date in responding to the complexities within the Financial Services industry.

David Galbraith from Anthemis’ view on the FinTech industry

Atos, Worldline & Finovate held an event on the 23rd November 2017 on ‘Finding the Sweet Spot: Out of the Lab and into the Business’. Listen to David Galbraith’s (Partner, Anthemis) views on whether he believes that both FinTechs and the Financial Services industry need help and if so, how digital services organizations or systems integrators can play a role here.

Matthieu Job from Circeo’s view on the FinTech industry

Atos, Worldline & Finovate held an event on the 23rd November 2017 on ‘Finding the Sweet Spot: Out of the Lab and into the Business’. Listen to Matthieu Job’s (Founder, Shareholder & CEO of the Central European subsidiary Circeo Group) views on how the Financial Services industry has re-organized to take advantage of the pace of change from FinTechs.

Richard Kelsey from Backbase’s view on the FinTech industry

Atos, Worldline & Finovate held an event on the 23rd November 2017 on ‘Finding the Sweet Spot: Out of the Lab and into the Business’. Listen to Richard Kelsey’s (Digital Transformation UK&I, Backbase) views on how the Financial Services industry has re-organized to take advantage of the pace of change from FinTechs.

Oli Harri from J.P. Morgan’s view on the FinTech industry

Atos, Worldline & Finovate held an event on the 23rd November 2017 on ‘Finding the Sweet Spot: Out of the Lab and into the Business’. Listen to Oli Harris’s (Head of FinTech and In-Residence, J.P. Morgan) view on how well equipped he thinks FinTechs have been to date in responding to the complexities within the Financial Services industry.

Panel Interview from Atos, Worldline & Finovate’s FinTech November 2017 Event

Atos, Worldline & Finovate held an event on the 23rd November 2017 on ‘Finding the Sweet Spot: Out of the Lab and into the Business’. Listen to the panel discussion to hear the debate. The panel includes Oli Harris (Head of FinTech and In-Residence, J.P. Morgan), Richard Kelsey (Digital Transformation UK&I, Backbase), David Galbraith (Partner, Anthemis), Remco Neuteboom (Chief Digital Officer, Global Financial Services & Insurance, Atos), Matthieu Job (Founder, Shareholder & CEO of the Central European subsidiary Circeo Group).