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Global FinTech News - 11th of September

Hello fintech news seeker, We are 224 days into Brexit, but with only 111 days to the end of the tran
Global FinTech News - 11th of September
By Holland FinTech  • Issue #63 • View online
Hello fintech news seeker,
We are 224 days into Brexit, but with only 111 days to the end of the transition period, things are not looking great for a deal between the EU and the UK. But we will keep an eye out for the UK in any case.
Join us next week for the launch of Amsterdam FinTech Week (XFW20), starting next Friday! Book your agenda from September 18th to 25th for 7 days of online and some offline events, to celebrate the most innovative players and companies in the industry. Visit the XFW20 dedicated website & register here: https://xfw.amsterdam/
In case you missed our Flash Friday and Meetup Online events today, check our YouTube channel: http://bit.ly/1RXSiQU
From the Holland FinTech team, we wish you a nice weekend!

Highlights from last weeks news related to fintech
  • Klarna, a Swedish payments bank that provides online financial service, is searching for a $500m funding
  • Revolut has announced the launch of a new digital banking app for the Japanese market
  • The “Fintech For All Charter” is a new UK fintech initiative to promote diversity and also combat harassment
  • Amazon plans on becoming the Indian payments market leader, surpassing competitors WhatsApp, Google Pay and PhonePe
  • The National Australia Bank has a new offer for its clients: an interest-free credit card
  • TransferWise now offers business accounts for payments collection, at a very low price
  • Mode Global Holdings, a UK fintech offering modern financial services, is planning its IPO launch on the London Stock Exchange (LSE)
  • Jane Fraser is the first woman to be elected CEO for a major Wall Street bank
  • The European Banking Authority (EBA) brings recommendations to create one single EU legal framework against money laundering
Read more about the news section.
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The largest funding rounds we found from across the world
  • Snyk, an open source security platform designed to help software-driven businesses enhance developer security, has raised $200 million (€169.04m)
  • Auxmoney, an online peer-to-peer (P2P) marketplace, raised an equity funding of €150m
  • Melio, a digital bill payment solution for small businesses, raised $144m (€121.71m)
  • Mollie, a Dutch fintech company providing easy and convenient payment solutions, raised €90 million
  • MarketFinance, a provider of working capital solutions to SMEs in the UK, raised £50 million (€54.01m)
  • Thunes, a Singapore-based B2B cross-border payments network for emerging markets, has raised US$60 million (€50.71m)
  • Other interesting investments include: AnyVision $43m (€36.34m), Groww $30 million (€25.36m), Deel $30 million (€25.36m), BIMA $30 million (€25.36m) and Capitolis (undisclosed amount)
Read more about the funding section.
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A selection of recent research reports and papers worth reading
  • “Fintech and International Financial Regulation” research study by Yesha Yadav from Vanderbilt University - Law School, emphasizes the unique features fintech sector which bring challenges for regulators
  • Swift and BAE Systems present in their report, “Follow the Money”, an overview on cyber heists and money laundering schemes
  • Finextra’s report, “The Future of Fintech 2020 - Disrupt, reset, re-launch”, pinpoints the new strategies undertaken by banks to embrace technology
  • Fintech Global analysis shows that for the Singaporean fintech sector, the overall funding percentage has fallen down compared to previous years
  • “The Development of FinTech. Opportunities and Risks for the Financial Industry in the Digital Age” research paper emphasized the benefits and risks brought by fintech
  • Capital on Tap presents in their latest study how the current pandemic has shifted the payment industry towards a cashless future
  • The latest analysis from Her Majesty’s Revenue and Customs (HMRC) highlights that GBP 3,5 billion has been spend on the Coronavirus Job Retention Scheme (CJRS)
Read more about the research section.
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Background information and insights from opinion leaders and experts
  • Oliver Chang, VP of software product development at Diebold Nixdorf, explains why cloud systems are the future path for banking
  • Glenn Cobb, Director & Solution Engineering at Simility, explains how data intelligence can unlock benefits in terms of fighting fraud
  • Christian Ali, SVP - Product at Entersekt, highlights banks’ lack of focus on older generations as customer segment
  • Chris Skinner emphasises the logic behind the continous growth of big banks
  • Gina Clarke, Editor-in-Chief at The Fintech Times, presents an overview on the most common myths surrounding the modern payment sector
  • Klaas Knot, president of the Dutch central bank De Nederlandsche Bank (DNB) gives an overview on the aftermath possibilities for the EU to overcome the pandemic crisis
  • The UK Government has a new plan of implementing digital identities for the British citizens, but it’s highly debated
  • The Financial Conduct Authority’s latest analysis provides an overview on open banking identification requirements and other topics
  • Brian Caplen, editor of The Banker, emphasized how European banks are having the lowest return on capital of any region
  • Rik Coeckelbergs, Founder and CEO at The Banking Scene, explains the need for fintech to step up in terms of financial inclusion at the workplace, with more women on board
Read more about the analysis & opinion section.
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Connect with us at some of the upcoming events
Home to one of the world’s first modern stock markets, Fintech startups have much to like about Amsterdam and its strong connections with the rest of the globe.
Find out more HERE.
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FinovateFall - 14th to 18th September
In response to COVID-19 and the unpredictability of travel plans for the short term, FinovateFall and the second annual Finovate Awards (Sept. 15) are going digital in 2020. 1600+ key influencers. 50% from financial institutions. 120+ expert speakers. 40+ insightful demos of new tech. All delivered digitally.
Find out more HERE.
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ICT Spring Europe 2020 - 15th to 16th September
ICT Spring is a global tech conference hosting an array of international professionals. It offers the participants a unique opportunity to deepen their AI knowledge, capture the value of the fast-growing FinTech, drive innovation in the Supply Chain industry, pierce the secrets of IT Security and explore the impact of Space technologies on terrestrial businesses.
Find out more HERE.
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BASE Conference 2020 - 17th to 18th September
Startups and scale-ups around the world can tap into international business expertise and thrive despite the global downturn, as the BASE 2020 conference goes digital. Join us on 17-18 September for:
  • Strategy workshops with business experts from USA and Europe
  • Talks by policymakers on how they envision the future of work
  • Networking with scale-ups that ‘humanized business beyond profit’ during the pandemic
Find out more HERE.
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Benelux Virtual Cyber Security Summit - 22th to 23rd September
Benelux Cyber Security Summit launches to tackle the key challenges facing Benelux organisations amid a landscape defined by the global pandemic. Join 100s of the region’s cyber security experts online on 22-23 September to tackle key challenges associated with Hybrid Cloud Environments, Risk Management, Cyber Resilience, & Security Awareness Training. Enjoy access to content for 30-days post-event, 9 CPE points, and live Q&As with speakers.
Find out more HERE.
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