View profile

Global FinTech News - 23rd September 2022

Global FinTech News - 23rd September 2022
By Holland FinTech  • Issue #169 • View online
Dear reader,
This week there have been running battles between Iranian police and anti-government protesters in Tehran in the worst unrest there for years.
Meanwhile, China is on course for its slowest economic expansion in 40 years, say economists, as new data claim its share of global trade growth will be halved over the next five years.
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.
DIGITAL FINANCE SUMMIT 2022 - 4 October
The Digital Finance Summit, highly renowned for its focus on the ever-increasing digitalisation of the financial industry, is back again, setting the path for a bright, more dynamic future at the heart of Europe.
www.digitalfinancesummit.com  •  Share
Milan Fintech Summit - Milan Fintech Summit
Twitter Linkedin Milan, October 5-6-7 2022 Hotel Melià, Via Masaccio 19 THE FUTURE OF FINANCIAL TECHNOLOGY. Fintech companies are transforming the financial services sector, proving new products and solutions for consumers and forever changing the future of finance. Here’s why we decided to dedicate the Milan Fintech Summit to the future of innovation in financial.
www.milanfintechsummit.com  •  Share
Sibos is the world’s premier financial services event | Sibos
Sibos is the annual conference, exhibition and networking event organised by SWIFT for the financial industry.
www.sibos.com  •  Share
2nd Financial Innovation Forum - 11-12 October
2nd Financial Innovation Forum is a physical elite event that aims to gather international industry experts and inspirational leaders to discuss and share ideas on the latest developments, trends, best practices, compliance and regulatory considerations in the use of technology, digital advances and innovative solution.
hollandfintech.com  •  Share
Holland Fintech Meetup - October 14th
Our Holland FinTech Meetups allow the international Fintech ecosystem to gather together and allow for the companies of our Network to stay at the Forefront of Innovation. If you are looking for exposure, new customers, investors, team members, or cool startups, you will surely meet them here!
hollandfintech.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 on regulations, legislations, partnerships, and more:
  • The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level
  • Legislation to regulate stablecoins that’s being drafted in the US House of Representatives would place a two-year ban on coins similar to terraUSD, the algorithmic stablecoin that collapsed earlier this year
  • Armalytix, Crezco, Nuapay, finAPI, GoCardless, Ordo, Plaid, Token, TrueLayer, Volt, Worldpay, Worldline, and Yapily have launched the Open Finance Association (OFA) to further open up financial data and payments through API tech
  • The European Commission presented yesterday a proposal for a new Cyber Resilience Act to protect consumers and businesses from products with inadequate security features
  • Venture capital firm ffVC has launched a Ukraine-focused fund to support the country through its economic recovery, insisting it is not out of charity
  • The White House has put together a framework for the “responsible development” of digital assets that includes a more aggressive push by regulators to take on fraud in the sector
  • The European Union has finalized the full text of its landmark Markets in Crypto Assets (MiCA) legislation. Officially, the text is still open to comments\
  • The European Central Bank (ECB) has selected five companies – out of 54 applicants – to collaborate with for the development of potential user interfaces for the digital euro
Read more about this week’s news here.
hollandfintech.com  •  Share
The largest funding rounds we found from across the world
New week – new closed funding rounds! This week’s funding highlights cover personal finance, software, crypto, BNPL, and many more:
  • US-based fintech Ratio has emerged from stealth and secured a USD 11 mln venture funding and USD 400 mln (EUR 411m) credit facility to augment B2B SaaS Payments, financing, and pricing
  • Power, a New York-based start-up that offers a full-stack credit card issuance platform, has emerged from stealth with $316 million in debt and equity funding
  • Decentralized finance (DeFi) firm Maple Finance is starting a lending pool with $300 million (EUR 325m) capacity for mid-size bitcoin (BTC) miners across North America and Australia as crypto winter continues to weigh on the mining industry
  • Fazz, which allows businesses in Southeast Asia to pay, save and get credit easily, has secured US$100mn (EUR 103M) in Series C funding from the likes of Tiger Global
  • Sardine, a behaviour-based fraud and compliance platform for fintechs developed by Coinbase, Revolut and PayPal veterans, has raised $51.5 million (EUR 53m) in a Series B funding round led by Andreessen Horowitz’s growth fund
  • Majority, a neobank targeting the US immigrant market, has raised USD 37.5 million (EUR 39m) in a Series B funding round as it explores new offerings
  • Mobile banking startup Monese has bagged a $35 million (EUR 36m) investment from HSBC to support its move into the banking-as-a-service space
Read more about this week’s funding rounds here.
hollandfintech.com  •  Share
A selection of recent research reports and papers worth reading
For this week’s research article, we dive into new insights on fintech overview, ESG, security and crypto:
  • “Embedded finance set for explosive growth” via (Finextra) - Embedded finance is set to redefine how consumers and businesses build and manage relationships with financial services, according to research which predicts that its transaction value will double in the US to $7 trillion by 2026
  • “The state of the world’s economies and markets in 2022 – in charts” via (World’s Economic Forum) - A strong chart that distills a compelling visualization of our world goes a long way toward helping illustrate what’s happening in the world’s economies and markets
  • “UK fintech investment takes a dive” via (Finextra) - UK fintech investment fell to $9.6 billion in the first half of 2022, down from $27.8 billion in the same period the previous year, as the global economic slowdown took its toll on the sector, according to a report from KPMG
  • “New FinTech unicorn announcements hit new low in August” via (Fintech Global) - New FinTech unicorns may become as rare as an actual unicorn soon as August saw the birth of only two new FinTech unicorns
  • “Greenwashing is a systemic problem at UK banks” via (Fintech Global) - Greenwashing has become a ‘systemic problem’ among UK banks despite universal claims that sustainability is at the heart of their business, a new survey has found
Read more about this week’s research here.
hollandfintech.com  •  Share
Background information and insights from opinion leaders and experts
And we’re finishing off the week with new analysis and opinions on investing, open banking, metaverse and more:
  • “Dutch agricultural reform needs more funding, not fewer farmers” via (Euro Money) - The Netherlands wants biodiversity to be at the forefront of agricultural reform. But the government’s plan to buy out livestock farmers – which was behind the resignation of agriculture minister Henk Staghouwer last week – is a short-sighted solution
  • “Will Ethereum Merge boost crypto back to pre-winter levels?” via (Fintech Magazine) - Ethereum’s transformation to an energy-efficient system via the Merge is a massive disruptor in the crypto space and looks set to trigger new investment
  • “Why DeFi interest rate swaps may be the next frontier of finance” via (forkast) - This year, more than one-fifth of American adults have traded or used cryptocurrency, an astronomical increase since 2009, when Bitcoin broke onto the scene
  • “How can banks address the rising financial crime rate?” via (Fintech Magazine) - The Office for National Statistics revealed that in 2021, there was a 43% increase in fraud and computer misuse crimes compared to 2019, indicating that economic crime – a broad term that covers a range of financial crimes – is on the ris
  • “Why is Lone Star chasing Bank of Cyprus?” via (Euro Money) - Bank of Cyprus has its quirks – such as a sanctioned oligarch as a large shareholder – but it is far from the only European bank with good potential still shunned by mainstream investors
Read more about this week’s analysis and opinion here.
hollandfintech.com  •  Share
Ready to get involved? Click here to find out more.
Did you enjoy this issue?

Global Fintech News

In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Powered by Revue
Amsterdam