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Global FinTech News - 12th November 2021

Global FinTech News - 12th November 2021
By Holland FinTech  • Issue #124 • View online
Dear reader,
As COP26 is coming to a close, people are gaining new hope that the gathering actually secures climate progress.
We keep our focus on fintech, so you can ​discover the latest developments and news, stay current and gain innovative global perspectives from our wide network. You can also find information about our next events, analyze Funding and breakthroughs within the industry, read through our Research findings, and explore the latest Analysis & Opinions from across the world. Happy reading!
From the Holland FinTech team, we wish you a great weekend!
PS Keep an eye on a public consultation on the amendment of Regulatory Technical Standards (RTS) on strong customer authentication and secure communication (SCA&CSC), that the European Banking Authority (EBA) launched recently, with deadline 25 November 2021.

Connect with the fintech ecosystem at some of the upcoming events
Join our Holland FinTech Meetups, where the international Fintech ecosystem gathers online or in Amsterdam if possible. Get energized with latest tech updates, new startup projects, recent insights and exquisite networking! We are very excited to meeting you there!
Register HERE.
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FinTech Conference London November - Homepage - Fintech Talents
A hybrid fintech event featuring 3,000 festival-goers + rockstar speakers & steering committee members + over 100 hours of content sessions + game changing tech companies + tech partnerships + craft beer and live music sessions.
Register HERE.
www.fintechtalents.com  •  Share
AIBC Summit. Worlds Premier Event for Emerging Tech
Bringing together thousands of investors and innovators in Blockchain, Fintech, Artificial Intelligence, Quantum Technology, Big Data and the Internet of Things.
Register HERE.
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QUBE Events | 9th NextGen Payments & RegTech Cyprus
The 9th NextGen Payments & RegTech Forum, aims to discover how more organizations are seeking to modernize and optimize operations, with a growing focus on expanding opportunities by adopting latest technologies that are reshaping the payments and RegTech ecosystem.
Register HERE.
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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 payments, banking, partnerships, crypto, crowdfunding, cloud technology and more:
  • Twitter is building a new division for “all things blockchain at Twitter,” called Twitter Crypto, to “set the strategy for the future of crypto at (and on) Twitter,”
  • PayPal will team-up with Amazon to Enable Customers to Pay with Venmo at Checkout using funding methods that include their linked bank account and Venmo balance
  • The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published a Final Report on technical standards (RTS and ITS) under the Crowdfunding Regulation (ECSPR)
  • Financial institutions (FIs) will soon find it easier to seek out fintech firms to work with, through a global fintech registry that is set to go live next month
  • Huawei has announced plans to enable Open Banking services on AppGallery through a new partnership with Neonomics, the pure API platform provider
  • Whale Cloud reached a partnership with Toka Fintech, a Mexican-leading financial group, to help it develop its own digital payment app, providing Mexicans with better access to inclusive financial services
  • Analysis by advisory and investment firm GP Bullhound found that the valuations of the largest listed fintech firms have declined but online lenders are bucking the trend
Read more about this week’s news HERE.
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The largest funding rounds we found from across the world
This week’s prominent fundings are shared by multiple sectors, including payments, fintech, security, anti money laundering, mobile wallets and more:
  • Digital Currency Group (DCG), the crypto investment company whose holdings include asset manager Grayscale, crypto lender Genesis and independent news outlet CoinDesk, sold $700 million (EUR 611.2m) of stock in a private sale led by a pair of SoftBank funds
  • Qupital (Hong Kong), a fintech firm has raised US$150 million (EUR 130.9m) through a combination of series B equity funding and a receivables-backed securitization facility
  • JUMO (London, UK), a company that offers financial services to entrepreneurs and businesses in emerging markets, has raised $120 million (EUR 104.7m) in a new round of funding led by Fidelity Management & Research Company
  • H2O.ai (Mountain View, CA, US), an AI Cloud company, closed $100m (EUR 87.3m) Series E funding round
  • AscendEX (Singapore), a cryptocurrency financial platform provider, raised $50M (EUR 43.6m) in Series B funding
  • Matter Labs (Berlin, Germany), is one of a handful of blockchain startups building out a sophisticated rollup product has just closed a $50 million (EUR 43.6m) Series B investment led by a16z Crypto just months after closing a Series A led by Union Square Ventures
  • Some other interesting fundings this week: Fyllo $40M (EUR 34.9m), Viceversa €23m (EUR 20m), GeoWealth $19m (EUR 15.6m), Faze Technologies $17.4 million (EUR 15m)
Read more about this week’s 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 scaleups, payments, funding, fintech market, women in fintech and more:
  • “Erasmus University Rotterdam releases the top 250 Dutch Scaleups 2021: Meet the 17 Dutch fintech scaleups included in the list” (Siliconcanals) - The Erasmus Center for Entrepreneurship in collaboration with nlgroeit has published this year’s annual Top 250 Scaleups in the Netherlands. While growing into a scaleup is never an easy task, it’s even more challenging in times like the COVID-19 pandemic
  • “AI in Fintech Market Worth Observing Growth: Google, Salesforce.com, IBM” (Energy Siren) - Global AI in Fintech Market Report, Production, Consumption and Forecast 2015-2026 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support
  • “FinTech Market Size and Analysis | Leading Keyplayers – Ant Financial, Adyen, Qudian, Xero, Sofi, Lufax, Avant, ZhongAn, Klarna” - The research study presented in this report offers complete and intelligent analysis of the competition, segmentation, dynamics, and geographical advancement of the FinTech Market
  • “Women in Fintech, FINDEXABLE Report” (Irish Tech News) - Findexable’s report examined the role that women play – or, rather, don’t play – in global fintech, and how the industry can build more balanced and inclusive businesses that are fit for the future
  • “Is There a Place for Banks in a Fintech-Driven Future?” (Finextra) - This report publication rises a question whether there’s a place for banking as we know it in a fintech-driven future, as the highly advanced technological infrastructures of challenger banks outpace their more-traditional counterparts
Read more about this week’s research HERE.
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Background information and insights from opinion leaders and experts
And we’re finishing off the week with new details on money, fintech, cybersecurity, open banking, climate change and finance, cloud and more:
  • “What We Can Learn From The Sub-Saharan African FinTech Infrastructure” via (TFS) - Suren Ayriyan, analyst for TFS, highlights the fact that despite having been one of the least financially inclusive and one of the most costly regions to send money to, Sub-Saharan Africa (SSA) has become a global leader in money transfer services
  • “Starling CEO says open banking a flop: Other fintech chiefs beg to differ” via (Verdict) - Eric Johansson, writer at The Verdict, highlights on the backlash on Starling‘s CEO, after she branded open banking as a flop that’s too costly, “clunky” and said businesses struggle to make money from it
  • “Aligning the finance industry with the Greta good” via (Fintech Futures) - Dave Wallace, writer at Fintech Futures, discusses impact of climate change on the finance industry. The good news is that the finance sector is already active and helping, with some emerging champions
  • “Another Cybersecurity Awareness Month Has Passed and Little Has Changed” via (SecurityWeek) - Torsten George, analyst at Security Week, discusses cybersecurity in business. Unfortunately, not much has changed since last year
  • “The fintech SPAC boom: could London be next?” via (Fintech Futures) - Arnon Shiboleth, Co-CEO, Prytek, explores that fact that the UK’s Financial Conduct Authority (FCA) is taking measures to help put the country on the map, following the huge surge in SPAC deals last year in the US
Read more about this week’s analysis & opinion HERE.
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