Data shows Fintech market growth
According to data provided by KPMG, the global fintech funding continues to remain strong with US$8.2 billion invested in the third quarter of 2017. This is after more than doubling to US$9.3 billion in the second quarter. Even though deal volume declined slightly in the third quarter this year, investments in Fintech were still way above the US$6.3 billion raised in third quarter of 2016. The United States has led the in global fintech investments. Data shows that in the 3rd quarter of 2017 US$5 billion deployed across 142 deals. A major portion of the fintech industry is the blockchain market. Data by Research and Markets projects that the global […]
CoinShares announces two new flagship funds
CoinShares Group, the group behind the first bitcoin and ether exchange traded notes (Issued by XBT Provider AB) and the team behind the world’s first regulated bitcoin strategy (GABI), is announcing two new flagship crypto investment funds. The two funds: CoinShares ‘Active’ Fund – a multi-coin, alpha-generating, active strategy; and CoinShares ‘Large Cap’ Fund – a passive, large-cap, basket fund; represent a natural evolution of market approaches based on the current trajectory of the crypto-asset economy. This announcement follows the group’s October launch of the first Ether Tracking, Exchange Traded Products on Nasdaq Stockholm. These ETPs now comprise more than $350M of assets less than 4 months post launch. “As […]
How to build a Fintech Unicorn – How Adyen became a $2.3bn payments company
So here’s the good news. Investor interest in Europe’s financial technology sector has never been higher. According to a report published in September last year by Innovate Finance and Magister Advisers, VCs poured around $8bn into fintech startups and early stage companies across the continent between 2010 and 2017 and over the course of that period, deal sizes rose significantly. In London – generally considered to be Europe’s Fintech Hub – figures published in January by London and Partners found that the UK’s fintech sector attracted £1.24bn in 2017 alone. Looking ahead, the European Union as a whole and the United Kingdom have both implemented regulatory changes intended to make […]
Banks and Fintechs are duelling in a ‘War For Talent’
Banks may be losing the talent battle to London’s financial-technology industry, but the war for the customer is still to come. Europe’s financial technology startups are on hiring mode, fighting each other – and the incumbents — in what one executive described as a “war for talent.” Payments company GoCardless Ltd., which employs 170 people in London, will open a Paris office in February, said chief product and technology officer Carlos Gonzalez-Cadenas. Online lender LendInvest Ltd. said it will make a “concerted effort” to hire additional engineers in London this year, while Salesforce.com Inc.-backed software company Anaplan Inc. says hiring engineering talent is its current priority. “Last year, we went […]
UnionPay International signs long-term partner agreement with global payment innovator Verrency
Verrency today signed a long-term agreement with UnionPay International (UPI), a wholly owned subsidiary of China UnionPay (CUP), to offer Verrency’s innovative value-added services to Union Pay’s issuing banks across Asia. Verrency’s services will be delivered via the UPI Wallet, Union Pay’s innovative API service. Signing the formal agreement were David C. Link, Chief Executive Officer/ Executive Chairman, Verrency, and Shuan Ghaidan, Product Director, UnionPay International. Shuan Ghaidan said: “We are very glad to be working with Verrency to offer further control, service, convenience and security to our customers. Verrency’s innovative services will further enhance the value of the UPI Wallet and the value that Union Pay enables for its issuers. […]
Standard Chartered creates fintech investment unit
Standard Chartered said on Wednesday it had established a business unit to invest in financial technology and promote innovation. Dubbed SC Ventures, it will include internal consultants to help the rest of the group solve problems with technology and a team to sponsor and oversee new disruptive technology ventures owned by StanChart. Another part of the new unit will focus on managing the bank’s minority investments in ‘fintech’ and seeking new ones to back. “As new technology continues to play an ever more important role in banking, there is a huge opportunity for us to promote more innovation,” said Michael Gorriz, group chief information officer. StanChart already backs Ripple, a […]
Australia gets its first dedicated platform for fintech jobs
By Elizabeth Barry, Editor, finder.com.au The site has been launched to fill a gap in the fintech market. The Australian fintech sector now has a dedicated platform through which to source local talent as well as apply for fintech jobs. The team behind Australian FinTech have this week launched the employment platform, Australian FinTech Jobs, to better service the sector when it comes to finding talent. Founder and CEO Cameron Dart, who was recently named as one of finder.com.au’s Top 25 Fintech Influencers, said the platform seeks to service all areas of employment. “When people think of ‘fintech’ in relation to employment, they might initially think of just ‘finance’ or just ‘technology’ jobs,” Dart […]
Fintech investment thriving in the UK
Financial technology, or fintech, is thriving in the UK, with many start-ups leading innovation across the country. With new advances in fintech it is increasingly easy to check your balance on the go, or to utilise contactless technology wherever you may be. It’s developing at such a rate that technologies such as paying with your phone or fingerprint technology at a checkout will soon become the norm. How much is it growing in the UK? A report from UK Fintech said that industry investment had increased by over 50% each year since 2008. To put things in perspective this is twice as much growth as in the Silicon Valley, which […]
