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Global FinTech News - 9th of October

Global FinTech News - 9th of October
By Holland FinTech  • Issue #67 • View online
Hello, dear reader!
For this week, we have gathered new insights and developments from fintech! Read through the materials and discover the latest content regarding collaborations and partnerships, mergers and acquisitions, IPO’s investment deals, automation, crypto, regulation, crowdfunding, savings and much more! Dive into the four categories of interest - news, funding rounds, research, analysis & opinion - and happy reading!
In case you missed this morning’s Flash Friday edition co-hosted by Colin Groos, Chief Capital Officer for BOTS by RevenYOU or our Holland FinTech Meetup with Togather Finance, Nucoro and paywith.glass, feel free to check out our YouTube channel here.
From the Holland FinTech Team, we wish you a nice end of the week!

Highlights from last weeks news related to fintech
Our selection of remarkable news from the industry.
  • The FinTech Association for Consumer Empowerment (FACE) launched on 1st October in India
  • Nexi, an Italian bank that specialises in payment systems, and SIA, an Italian company operating in the area of ICT, have merged
  • Crowdcube and Seedrs have merged in order to create a new private equity marketplace
  • NEC, a Japanese multinational information technology and electronics company, is planning to acquire Avaloq Group
  • The European Central Bank is partnering up with Sweden’s central bank, Sverige Riksbank, to research potential implementation solutions for Target Instant Payment Settlement (Tips)
  • Monument, a new digital UK bank for the mass affluent, was granted a restricted UK banking licence
  • The U.S. House Judiciary Committee has now released its omnibus report on the monopolistic practices implemented by the Big Four
  • Amdax B.V., a Dutch based crypto services company, has been registered by De Nederlandsche Bank (DNB) as the first provider of crypto services in the Netherlands
  • Cashaa, an UK P2P money transfer and crypto trading service, announced the launch of a neo-bank for India
  • Affirm, a fintech company that offers installment loans to consumers at the point of sale, announced that it has filed to go public
  • Euronext acquired Borsa Italia from LSE
Read more details about this news and sources HERE.
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The largest funding rounds we found from across the world
We have again looked across all oceans to find all investments that are relevant for the financial industry and listed the largest below. This is just the tip of the iceberg.
  • Tipalti (San Mateo, CA, US), an accounting software financial technology business, has raised $150 million (€127m)
  • Tanium (Emeryville, CA, US), a security and systems management company, raised $150m (€127m)
  • Acesso Digital Tecnologia da Informação S.A. (São Paulo), a Brazil-based SaaS company, raised R$580 million (€91.38m)
  • Chargebee (San Francisco), a subscription management system company, raised $55M (€46.54m)
  • Onapsis (Boston, US), a company focused on cybersecurity and compliance solutions, raised $55m (€46.54m)
  • Payrix (Frisco, TX, US), an API platform provider, extended its Series A financing to over $50m (€42.3m)
  • Knoma (London), a company which offers payment solutions and a marketplace for learning, raised £21m (€23.11m)
  • Illusive Networks (Tel Aviv-Yafo), a cybersecurity firm, announced $24 million (€20.31m) in venture funding
  • AccessFintech (New York), a fintech firm that offers risk management services for banks and buy side, raised a Series B funding round of $20m (€16.92m)
  • Uni, an Indian fintech startup which plans on addressing gaps in the current credit score process, raised $18.5 million (€15.65) in seed funding
Read more about this funding news HERE.
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A selection of recent research reports and papers worth reading
Please check out these research reports and white papers we discovered this week. We felt also some regulatory decisions would also fit well in this category for true readers.
  • A new study by Hexaware presents an overview of domains where automation can bring valuable outcomes and opportunities for businesses
  • The European Policy Department for Economic, Scientific and Quality of Life Policies highlights the challenges faced by the institutional and regulatory institutions in the financial sector
  • A new report from Finextra and Numeric in association with AWS explores the power of cloud systems
  • Cloudian analyses and proposes new solutions on how to deal with data growth, storage and management
  • In a study overview by PWC and CB Insights, “Money Tree Report Q3 2020”, a growing trend is seen for “Mega-deal” US VC fundings for Q3’20
  • The EU Legal Affairs Committee adopted three reports concerning regulations for AI technology
  • New rules to boost EU crowdfunding platforms and protect investors have been adopted by the European Council
Read more about the research sources and download pdf’s HERE.
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Background information and insights from opinion leaders and experts
We are keeping track of what opinion leaders across the world have to say about everything that is happening in and around financial services and technology. Below, you can find the ones that stood out this week.
  • According to Fintech Futures, the UK mortgages and savings sectors are currently undergoing a digital transformation process
  • Emma Olson, reporter at Bobsguide.com, emphasizes the potential challenges brought by technological innovations for the shared audit process
  • According to Brad Hyett, CEO at phos, the new contactless payment system imposed by Covid-19 can bring further potential advantages
  • finLedger explores how big banks are spending billions of dollars on digital transformation projects, which get rarely a follow up
  • Fintech Bulletin emphasized how governments can further help SMEs undergo through a recovery process during times of Covid-19
  • Sibos conference, hosted this year from 5th to 8th October, gathered more than 8,000 executives, decision makers and thought leaders from across the industry
  • According to International Banker, the process of disintermediation is on the rise over the last decade
  • Chris Sloley, editor at Citywire Selector, looks at the aftermath of Covid-19’s impact towards a cashless future
  • According to Dragoș Tudorache, the Romanian MEP recently installed as the chair of the European Parliament’s new committee on AI, Europe is in need of catching up with AI technology
Read more about these analyses & opinion pieces HERE.
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Connect with the fintech ecosystem at some of the upcoming events
Holland FinTech’s Founder & CEO, Don Ginsel, presents Flash Friday – a weekly live show that brings you the latest fintech news and developments! Every Friday at 09:30, Don will be joined by an industry expert to co-host the show. Together, the hosts will discuss what is happening in the world of fintech and answering questions from Holland FinTech members.
Register HERE.
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LendIt Fintech Europe - 19th to 20th October
LendIt Fintech is leveraging state-of-the-art technology and best in class production to completely reimagine events for the virtual world. Industry experts from the leading traditional banks, fintech platforms and tech companies discuss innovation in lending, digital banking, data science, embedded finance and more.
Register HERE.
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European Fintech Hackcelerator - Deadline applications: 21st October
By applying to the programme, startups will get the opportunity to present their businesses in front of international investors, experts and corporate representatives during the Singapore Fintech Festival on December 10th and gain prizes totalling up to 270.000 Singapore Dollars. Moreover, for the winner waits a 12-week virtual acceleration programme conducted by the top market experts from Singapore and a free access to APIX Innovation Sandbox.
Apply HERE.
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MoneyFest by Money20/20 - 26th to 29th October
Usually, you have to travel with us to one of our live shows to be part of Money20/20’s world-class content programme. Not anymore. On October 26- 29, we’ll be bringing you our first ever MoneyFest: an exclusive glimpse of the highlights of what we would have brought you at our live shows in 2020 (if Covid hadn’t had other ideas). And guess what? It will be available for the entire money ecosystem to enjoy, streamed live and on demand to your screens.
Register HERE.
www.money2020.com  •  Share
Ready to get involved? Click here to find out more.
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