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Global FinTech News - 19th November 2021

Global FinTech News - 19th November 2021
By Holland FinTech  • Issue #125 • View online
Dear reader,
Brazil was among a number of nations who promised to end and reverse deforestation by 2030 during the COP26 climate summit, nevertheless, deforestation in Brazil’s Amazon rainforest has hit its highest level in over 15 years, official data shows.
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!

Connect with the fintech ecosystem at some of the upcoming events
Holland FinTech, FinTech Association of Japan, and The Embassy of the Netherlands in Japan join together on December 8th to host a digital FinTech Exchange.
Register HERE.
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Open Banking Expo
Open Banking Expo organizes events across the globe for Open Banking and Open Finance professionals. Here’s what’s coming up.
Read more and register HERE.
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TRUSTECH 2021
TRUSTECH 2021 , the global event for payments, identification and security, which brings together all the industry key players from 30 November to 2 December 2021 at Paris Expo - Porte de Versailles.
Register HERE.
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DIGITAL FINANCE SUMMIT 2021
FINTECH BELGIUM ASBL/VZW The federation by and for FinTechs in Belgium. Strong of more than 120 members, a non profit organization organizes this crucial industry gathering to showcase the latest trends in our sector on an annual basis since 2016.
Register HERE.
www.digitalfinancesummit.com  •  Share
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.
www.qubevents.com  •  Share
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:
  • German digital bank N26 is to shut down its US operations in order to sharpen its focus on its European business
  • Brazil’s government plans to publish new regulations for fast growing fintech startups, following public consultations by the central bank
  • Israel’s NSO Group represents just one aspect of the country’s lively tech industry, which may be about to get another energizing jolt from its government
  • Having both been put under the pressure by financial regulators, Binance and Ripple have now outlined their visions for how the crypto industry should be governed
  • U.S. Bancorp has entered into an agreement to acquire TravelBank, a San Francisco-based fintech company that provides an all-in-one, tech-driven expense and travel management solution
  • Mastercard announced it has completed its acquisition of Aiia, a leading European open banking technology provider that offers single and secure API access to banks and fintech companies
  • The Philippines and Singapore deepened their fintech-based relationship with various cross-border collaborations that will strengthen ASEAN regional payments and provide financial inclusivity to OFWs and MSMEs
Read more about this week’s news HERE.
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The largest funding rounds we found from across the world
Many more deals and transactions from fintech this week! This week’s prominent fundings are shared by multiple sectors, including payments, fintech, security, anti money laundering, mobile wallets and more:
  • Upgrade (San Francisco, CA, US), a Fintech company has raised a Series F round just four months after raising its previous round. Now, the company is announcing $280 million (EUR 247.9m) in new funding at a $6 billion (EUR 5.31b) pre-money valuation
  • CloudWalk (São Paulo, Brazil), a financial technology company said it was valued at $2.15 billion (EUR 1.9b) after a $150m (EUR 132.8m) funding round
  • Stori (Mexican), a FinTech on Thursday (Nov. 11) closed a $125 million (EUR 110.6m) oversubscribed Series C equity funding round
  • JUMO (London, UK), a South African fintech startup, recently revealed it has raised $120 million (EUR 106.2m) in a funding round
  • Clear (formerly ClearTax), a Fintech startup raised a $75 million (EUR 66.4m) Series C financing round led by Kora Capital and Stripe
  • Ozow (Cape Town, South Africa), a fintech company has raised a US$48 million (EUR 42.5m) Series B funding round
  • Other interesting funding rounds this week: Imprint $38m (EUR 33.6m), Woo Network $30M (EUR 26.5m), Aplazo $27m (EUR 23.9m), PayZen $15 m (EUR 13.2m)
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 Bitcoin, fintech leaders, economy, blockchain, biometric automation in finance and more:
  • “Fintech. Top 100 Leaders 2021” (Fintech Magazine) - This publication lists 100 top leaders, innovators and influencers in Fintech industry. Research took 6 months to be accomplished and more than a 1000 candidates were reviewed to come up with only 100 most successful ones
  • “Digital Economy and Society Index (DESI) 2021” (European Commission) - This publication represents findings on Full Economical Analysis 2021, Human Capital 2021, Digital infrastructures 2021, Integration of Digital Technology 2021, Digital Public Services 2021, The EU ICT Sector and its R&D Performance 2021, Research and Innovation: ICT projects in Horizon 2020 for more than 25 countries
  • “Blockchain technology Market size to increase by USD 6.25 Bn | Technavio’s Research Insights highlight Increase in FinTech Spending as a Key Trend” (Yahoo Finance) - This article presents findings of a research report “Blockchain Technology Market – Forecast and Analysis Report 2021-2025“, according to which , the market is expected to have a YOY growth rate of 19.00% in 2021 and is supposed to grow at a CAGR of over 32% between 2020 and 2025
  • “Facing up to the Future: Biometric Automation in Banking” (Finextra) - This report shares advantages of biometric authentication in banking over less secure passwords, as they are now well understood
  • “The Investor’s Perspective on the Bitcoin Taproot Upgrade” (Coindesk) - This report will expand upon benefits and risks of Bitcoin in order to provide a backdrop for it as a technology investment. In addition, it will discuss how upgrades have historically been implemented on the Bitcoin network
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 fintech, cybersecurity, open banking, crypto, SME’s, cloud and more:
  • “Roblox Is Actually Creating the Metaverse” - Michael Spencer, Editor in Chief at The Last Futurist, speaks on how progress and evolution typically occurs in technology
  • “A revolution in the making: how digital transformation is changing P2P payments” via (Fintech Futures) - Massimiliano Alvisini, general manager and senior vice president for Europe, CIS and Africa, Western Union, analyzes a fact that pandemic catalysed a rapid digital drive that in the space of less than two years has accelerated developments at almost breakneck speed – and is shaping up customer experience in new ways like never before
  • “Open banking’s failure” via (Fintech Futures) - Dharmesh Mistry, CEO, AskHomey, highlights on Starling’s CEO Anne Boden statement, that open banking “has not been a success”
  • “Will the Holiday Season Bring Gifts or a Lump of Coal for Bitcoin Investors?” via (Coindesk) - Lawrence Lewitinn, Managing Editor for Markets at Coindesk, looks at what cryptocurrency markets can expect in the next few weeks, of this year
  • “Can super apps save the day for SMEs and their banks?” via (Fintech Futures) - Paula Costea, VP Product Management, Business Solutions and Innovation, FintechOS, elaborates on the fact that small and medium-sized enterprises (SMEs) have been hit hard by the pandemic, with access to funding becoming increasingly difficult and creating uncertainty for owners
Read more about this week’s analysis and opinion HERE.
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