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Global FinTech News - 4th of September

Global FinTech News - 4th of September
By Holland FinTech  • Issue #62 • View online
Hello fintech curious,
This week we gathered for you further news and pieces from fintech! With the new start of the autumn season, we have taken out our coats, dusted our umbrellas and secured our bikes with seat covers and also dived into the latest fintech developments. Enjoy your favorite news, investments, research, analysis & opinions. The subjects covered are remittances, payments, neobanks, identity, regtech, insurtech and even more. Happy reading!
Do you run an Insurtech startup? Don’t forget to register for the ITC-DIA World Tour startup pitch competition: https://insuretechconnect.com/itc-world-tour-startup-application/
And join us in two weeks for the launch of Amsterdam FinTech Week (XFW20)! This year, XFW20 will bring you a program full of fintech focused initiatives, both in Amsterdam and online.
In case you missed this morning edition of Flash Friday with Michael Kent, Founder & Executive Chairman of Azimo, check our YouTube channel: http://bit.ly/1RXSiQU
From the Holland FinTech team, we wish you an amazing weekend!

Highlights from last weeks news related to fintech
  • RTGS Global is planning a collaboration with Microsoft for a new network regarding international payments
  • Riverlane, a Cambridge University spin-out, is making progress in quantum computing
  • The Latin American remittance sector is bouncing back up
  • Mexico’s remittances sector earned up to $3.53 billion this July
  • In India Amazon offers insurance and gold in order to attract more customers
  • Also Tesla moves in the insurance sector, calling actuaries to join and contribute to their future product
  • Personal finance company NerdWallet acquired startup Know Your Money to optimize its offerings
  • Vipps Norwegian mobile payment app partners with Visa to expand its business to foreign markets
Read more about the news section.
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The largest funding rounds we found from across the world
  • Neon Pagamentos, a Brazilian fintech with the goal of uniting technology and design to simplify users’ financial experience, secured $300 million (€254.18m)
  • Viva Republica, a South Korean fintech startup, has raised $173 million (€146.58m)
  • PasarPolis, an Indonesian-based insurtech startup, raised in its Series B round $54 million (€45.75m)
  • Fondeadora, a fintech startup based in Mexico City that wants to build a full-stack neobank, raised a $14 million (€11.86m)
  • Cloudentity, a provider of identity-aware authorization and application security solutions, raised $13M (€11.01m)
  • Hypatos, a process automation startup, has raised €10 million seed funding
  • Indian Fintech company Niyogin purchased a 51% stake in iServeU in a cash and stock deal
Read more about the funding section.
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A selection of recent research reports and papers worth reading
  • CB Insights and PwC present an overview of venture capital funding on a global scale for Q2 2020
  • Another report from CB Insights highlights the top 250 fintech companies of 2020
  • NTT explores in their latest paper the importance of customer experience (CX) for banking and investment firms
  • In a new study, The Paypers highlights the newest trends when it comes to consumers’ payment methods
  • KPMG’s latest report presents the major activities and developments in times of Covid-19
  • The report from BIS “Data vs collateral” explores how the use of big data could provide a lesser need for collateral
  • A new study from the United Nations and UNICRI shows the risks associated with implementing new technologies
Read more about the research section.
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Background information and insights from opinion leaders and experts
  • Fintech Bulletin highlights the importance of the onboarding process for the banking industry
  • Leda Glyptis presents in FinTech Futures the risks faced by banks and the importance of traditional teams bringing back the CARL model
  • Douwe Lycklama from Innopay explains how central banks are on their way to reclaiming some of their position held when the economy was cash-dominant
  • UBS discusses further challenges that need to be overcome for the wealth management sector in order to adapt to new clients’ demands
  • Bartłomiej Wójtowicz from Comarch highlights the positive effect of integrating e-invoicing into the business strategy
  • Banking Circle gives an overview of the obstacles faced by cross border payments and potential solutions, such as a correspondent banking network
  • Real-time payments (RTP) have numerous advantages for the current payment methods, such as instant transactions and traceable purchases
  • Forbes highlights learnings from VCs and fintech entrepreneurs during the last five years
  • With the development of fintech startups such as Monzo or Revolut, a new trend of employees starting their own business emerges, with possible new concerns
  • Nordic APIs explains why APIs should not be overlooked when it comes to open banking
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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ITC + DIA World Tour - Next stop: the Netherlands - 9th September
DIA & ITC are organising a world tour in the run up to their main events in Europe and the USA. The Netherlands session is held on 9 September, and co-organised by Holland FinTech. Part of their program, is a pitch competition, to get nice attention, but also to win tickets to DIA and ITC.
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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