Fintech News Issue #273 June 25th, 2020
Top Stories
Mastercard Is Going Deeper Into Fintech With Deal for Finicity
— via Barrons'sMastercard is buying another fintech, this time scooping up Finicity in a transaction valued at nearly $1 billion.
3 APIs That Could Revolutionize Banking
— via ForbesApplication programming interfaces (APIs) have been around for 20 years or so, but you might not know it looking at most US-based banks.
Here's how Wirecard went from analyst darling to a $2.2 billion accounting scandal - and cost SoftBank hundreds of millions in the process
— via Business InsiderWirecard AG, a German payments processor, was once touted as a darling among analysts and investors for its growth story, which saw it go from a minor player to one of Germany's biggest companies in just over a decade.
FinTech Articles
Wirecard AG files for insolvency
— via FinextraWirecard is filing for insolvency, days after revealing a gaping €1.9 billion hole in its accounts.
London fintech Curve to power Samsung Pay Card in the UK
— via Tech CrunchCurve, the London fintech that is re-bundling various financial products by letting you consolidate all your bank cards into a single card and app, is partnering with Samsung in the U.K. to power its forthcoming debit card, which is scheduled to launch later this year.
Fintech Startup That Raised $100 Million From Investors Bessemer And Coatue Is Abruptly Shutting Down
— via ForbesBy the end of last year, software startup ScaleFactor had emerged as a buzzy financial services company, raising $100 million in 12 months from big-name investors including Bessemer Venture Partners and Coatue Management.
Pipe Brings In $60M Seed Extension To Power SaaS Financing Platform
— via Crunchbase NewsIf the company name Pipe sounds familiar, it is because you read about them just four months ago when we wrote about the startup’s $6 million seed funding, led by Craft Ventures.
Bitcoin ATM Growth May Be a Boon for Money Launderers
— via CoindeskAs the number of bitcoin ATMs soars, one crypto analytics firm suggests they are increasingly being used to sidestep anti-money laundering (AML) controls.
Brazilian Authorities Suspend WhatsApp Payments
— via BloombergBrazil’s Central Bank and antitrust regulator suspended Facebook Inc.’s WhatsApp messenger payment features in the country, the app’s second-biggest market with more than 120 million users.
New York to relax cryptocurrency rules
— via FinextraNew York's financial regulator is preparing to remove a number of regulatory hurdles impeding the development of cryptocurrency businesses in the US state.
Is FinTech getting it wrong? Focus on needs and wants
— via Chris Skinner's BlogA friend of mine, Alessandro Hatami, wrote an interesting piece on Sifted that I shared in my news yesterday. He claims that neobanks like Monzo and Starling are not reinventing banking at all. They’re just modifying and improving it.
European Fintech Association’s board currently consists of members from six leading European fintechs.
Recent News
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Paul Mandeville, CPO, QuickPivot
According to a recent survey, more than half of banking executives want to improve their social and mobile channels. However,... Full Article
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2020 Fintech Trends to Watch Out For
Michael Dehoyos
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How Online Identification Will Change Businesses – Rupert Spiegelberg and Armin Bauer, IDnow
FinTech Weekly / IDnow
FinTech Weekly talked to online identification provider IDnow about why identity management will be one of the most interesting areas... Full Article
Explore Meetups
Hyperledger Argentina
The Hyperledger Foundation is an open source collaborative effort hosted by the Linux Foundation and created to advance cross-industry blockchain... Read More
FinTech Meetup Europe - Frankfurt
Hello Frankfurt-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
FinTech Meetup Europe - Lisbon
Hello Lisbon-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
FinTech Meetup Europe - Tallinn
Hello Tallinn-FinTech Fans! Let’s start uniting FinTech Founders, Corporates, Developers, and VCs across Europe to share, build and collaborate. The... Read More
Citi Accelerator TLV
Come meet like -minded people who are interested in Fintech, have a startup, or are looking for their next idea,... Read More