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Global FinTech News - 12th Aug 2022

Global FinTech News - 12th Aug 2022
By Holland FinTech  • Issue #163 • View online
Dear reader,
This week more than 1,000 firefighters are struggling to contain a huge wildfire that has destroyed a large area of pine forest in southwest France. Around 6,800 hectares (26 square miles) in the Gironde region and neighboring lands have been burnt by the blaze, which began on Tuesday.
Meanwhile, the UK economy shrinks in second quarter, sharpening recession fear. The Office for National Statistics said Britain’s gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the previous quarter. GDP shrank by 0.6% in June, and growth estimates for May were revised down from 0.5% to 0.4%.
You can find information about upcoming events, new investments, research and breakthroughs within the industry. In addition, find more ways to support Ukraine here. Happy reading!
From the Holland FinTech team, we wish you a great weekend.

Connect with the fintech ecosystem at some of the upcoming events.
🔔 Summit Program 🔔
The culmination of Amsterdam Fintech Week is the Summit, that is taking place on the last day, 16th September!
This is what we have planned for you!
A day full of trendy topics, networking and sharing. This would be a great chance to share your experience about the past couple of days, meet new people, relax and round up the event with the afterparty. Check out the full program on our website or contact us directly at [email protected] if you have any questions.
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Fintech Summer School - Holland FinTech - 19 August
Do you want to stay up to date? Join the summer school to learn about the latest developments in Fintech. We will discuss all major topics, like open finance, Crypto and NFT, the use of AI, and much more. This half-day update is meant for all people new to the industry and is a great way to meet other members.
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Launch of "Landing In NL" web page - Holland FinTech
In this online session, we will launch the Dutch Fintech Landing Page. This page will help all parties new to the Dutch Fintech ecosystem - and Holland Fintech - to find the way across investors, regulators, and all kinds of support.
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Highlights from last weeks news related to fintech
Stay up to date with the latest news from fintech! This week, we bring you updates and developments on partnerships, banking, crypto, cyber security and more. Enjoy reading!
  • Capricorn Financial Consultancy has reached carbon neutral status after partnering with Evertreen, an international tree-planting platform
  • Deutsche Bank has partnered with trade finance software provider Traydstream to automate document checking for its trade finance products
  • Amazon’s “One” palm scanner payment technology will be launching at over 65 Whole Foods stores in California
  • The Moroccan Capital Market Authority (AMMC), the capital markets regulatory body in Morocco, announced recently that it has launched a fintech portal on its website
  • A group of senior industry figures are leading plans to create a new £1 billion fintech fund to accelerate the growth of promising UK scale-ups, Sky News has learned.
  • The nominee to be the first US ambassador for cyberspace and digital policy has called for more cyber policy muscle at the US State Department
Read more fintech news here.
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The largest funding rounds we found from across the world
New week – new closed funding rounds! This week’s funding highlights cover credit cards, blockchain, investment, crypto and neo banks! Take a look at some major investments of this week.
  • Enter Founderpath. The Austin-based firm recently secured $145 million in its own debt and equity financing to help B2B SaaS founders grow their businesses without diluting ownership.
  • Truework, California based company that offers technology to help mortgage and consumer-focused lenders verify the income and employment of borrowers, has raised $50 million in a series C round of funding led by G Squared.
  • Savana, a Malvern, PA-based provider of financial software for banks and fintech companies, closed a $45m Series A funding.
  • he smart shopping cart startup Shopic Technologies Ltd. has raised $35 million in funding to get closer to fulfilling its mission of making grocery shopping experiences smarter for stores and consumers.
  • Axio, New York based company, announced the raise of a $23 million Series B investment round.
  • Data integration startup Equalum Ltd. it has raised $14 million in new funding to support international growth, product development and demand from organizations developing new processes or transforming old ones in the cloud.
  • Other notable rounds: Forage raises $22M From Nyca Partners, PayPal Ventures, and Instacart Founder to make online grocery accessible to America’s 42 Million SNAP Recipients and blockchain analytics platform Merkle Science raises $19M to take on bridge exploits.
Read more about this weeks funding here.
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A selection of recent research reports and papers worth reading
For this week’s research article, we dive into new insights on freelancing, proptech, corporate payments and blockchain. Enjoy researching!
  • “Freelancers are waiting 3x longer to get paid than contracted staff – report finds” via (FinTech Global) - Freelancers wait three times longer to get paid than full time staff, as firms struggle with both cash flow and payroll issues, according to research from Sonovate.
  • “France dominates European PropTech deals in H1 2022” via (FinTech Global) - France stands out in Europe, accounting for four of the top ten European PropTech deals listed, as well as 45% of capital invested in the sector across nine deals for H1 2022.
  • “Why fintech and crypto are transforming corporate payments” via (FinTech Magazine) - With new technologies and digital currencies, innovation is driving change in the corporate payments space.
  • “Blockchain in FinTech Market Size To Reach USD 31.4 Billion By 2030 With 47.9% CAGR – Report by Market Research Future (MRFR)” via ( FinTech Futures) - According to a comprehensive research report by Market Research Future (MRFR), “Blockchain in FinTech Market Analysis by Service Provider, Interaction Channel (bank branch, mobile application), Organization Size, Application (Payment, Smart Contract) — Forecast till 2030” valuation is poised to reach USD 31.4 billion by 2030.
Read more research here.
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Background information and insights from opinion leaders and experts
And we’re ending the week with new analysis and opinion on fintech regulations, crypto, e-commerce and more. Dive into the latest fintech insights and have a great weekend!
  • “Why sanctions screening is imperative” via (RegTech Analyst) - Since the onset of the Ukraine-Russia war, sanctions have been in the news on an almost daily basis. Why is the screening of sanctions so important?
  • “Tradeteq: How Technology Could Enable Banks To Avoid the Lending Crisis of Basel IV” via (The FinTech Times) - The implementation of Basel IV is set to commence in January 2023 and, with the clock ticking, firms are grappling with their plans.
  • ‘There’s always another nightmarish crypto hack around the corner’‘ via (Fintech Crunch) - The world of crypto can be a cruel and unforgiving place, and while VCs and crypto hedge funds have been happy to bail out institutions, sometimes consumers dabbling in the space find themselves left out in the cold.
  • “How e-signatures and digital forms help level up customer experience” via (RegTech Analyst) - The prioritisation of end-to-end digital transformation is arriving. With the digital era evolving by the year, customer experience is becoming more and more vital.
  • “Growth Remains Top Driver for SME Financing Amid Economic Uncertainty” via (The FinTech Times) - As small businesses face mounting economic uncertainty, their demand for finance has risen sharply, with 77 per cent feeling worried about the possibility of recession; according to iwoca‘s latest quarterly SME Expert Index.
  • “How RegTech is changing the customer experience” via (FinTech Global) - In an age where more people are online than ever before, the need to offer a strong and efficient digital customer experience is vital.
Read more about analysis and opinion here.
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