ComplyAdvantage names Vatsa Narasimha as Chief Executive Officer; & more!
Happy Sunday!
Yesterday I arrived in San Francisco for some meetings and TechCrunch Disrupt. Luckily I have the weekend to get used to the 9 hours time difference before the madness starts.
My schedule is filling quickly but I still have a few time slots left in the upcoming week. So let me know if you are around so we can meet in person for a coffee or a drink.
Aside of the meetings and the event, I have a very busy week ahead of me. I am working on something big and I can't wait to share this with you. So stay tuned for the big announcement next Sunday!
Now on to today's most relevant news, and/or tune in to our?Daily Fintech Podcast?here.?
NEWS HIGHLIGHT
ComplyAdvantage names Vatsa Narasimha as Chief Executive Officer. Founder, and former CEO, Charles Delingpole is to become Executive Chairman on the back of impressive organic growth. Vatsa Narasimha was promoted from his previous position as Chief Technology Officer. Both will assume their new positions effective immediately.?Link here
BREAKING NEWS
Brazilian Hedge Funds now offer credit products. Vinland Capital Management Gestora de Recursos Ltda. and Occam Brasil Gestao de Recursos Ltda. are among the hedge funds planning to offer credit products after the nation’s benchmark interest rate jumped to 14% from 2% last year, luring investors back to bonds. Link here
Apple is taking a big step in banking services to its customers. The company announced yesterday it is partnering with Goldman Sachs to soon launch a new Savings account feature for its Apple Card credit cardholders. Link here
INSIGHTS
Hong Kong & Singapore offer the best mobile banking experience in Asia. Hong Kong mobile banking apps scored 18 per cent more on average than a year earlier, reflecting better user experience and more functions, Sia Partners’ study shows. Link here
Stripe’s CEO praises EU’s regulation over US’. Patrick Collison, CEO of Stripe, gave an edge to the European Union in creating a regulatory regime where fintechs are thriving. He said the EU has also fostered an environment for more competitive open markets that has allowed innovation. Link here
Samir Atassi, VP LATAM for Jumio is interviewed?with Vivian Jones of Infobip during the LATAM FinTech Market. Infobip is a partner in LATAM for Jumio to further its LATAM expansion. Link here
FINTECH NEWS
EaseMyTrip launches ‘Save Now Buy Later’ as an investment scheme for its customers to help them manage their finances better while they travel. Customers can now invest an X amount on a recurring basis by instructing their UPI account with an investment as low as INR 100. Link here
Doshi has officially launched. Doshi is the first educational crypto wallet designed specifically for teens and their guardians. Doshi has created a unique community and platform where young adults can safely custody their digital assets. Link here
Blockchain.com gets nod for payments services in Singapore. The FinTech received approval from Singapore’s central bank to offer payment services in the city-state. The total number of crypto companies allowed to operate in Singapore is 18. Link here
领英推荐
Coinsquare carves the path to becoming Canada’s 1st crypto-asset trading platform registered as an investment dealer and IIROC Member. This regulatory status will now position Coinsquare as the first crypto-only, IIROC registered investment dealer and marketplace member in the Canadian market. Link here
DIGITAL BANKING NEWS
Chipper launches their new ‘Easy Apply’ service, giving 20 million borrowers a head-start on Student Loan forgiveness. Students can begin the process before the Department of Education releases its application. Link here
Samsung Wallet will be launching in South Africa soon. The wallet app will be rolled out to 13 new countries by the end of 2022. Samsung Wallet is secured with the Samsung Knox security platform, which supports fingerprint recognition and encryption to keep data protected. Link here
ICICI Bank introduces “Smart Wire” solution for remittances. The facility allows both NRIs and resident customers in India ‘to undertake inward remittance transactions in an online and paperless way.” Accurate information related to the transaction is captured in advance and shared with the remitter instantly. Link here
M&As
Aspiration's CEO, Cherny, is stepping down as its SPAC merger faces a delay. Andrei Cherny, the CEO of Aspiration, is stepping down from his post at the company he co-founded amid a delay in plans to merge with a SPAC. Olivia Albrecht, who joined earlier this year as the firm’s chief sustainability officer, is taking over as CEO. Link here
Mediobanca boosts its BNPL operations with investments. The consumer credit arm of Italian investment bank Mediobanca Group has made two fintech investments. It acquired the Italian FinTech Soisy and bought a 19.5% stake in Swiss FinTech HeidiPay. Link here
NorthOne closes a $67 million Series B funding round. The funds will be used to fuel its continued growth. The financing brings NorthOne’s fundraising total to $90.3 million since its inception. The company declined to reveal its valuation. Link here
Exponential Exchange raises $1.4 M in Pre-Seed funding. The backers where not disclosed. Exponential Exchange is developing a series of novel tradable financial instruments and derivatives to manage the new risks and opportunities posed by the transportation revolution. Link here
Market Finance secures ￡30m credit facility from Viola, the Israeli technology investment group, to expand its B2B Pay Later embedded finance offering for SMEs. The London FinTech is looking to expand its B2B Pay Later offering for SMEs. Link here
Ayoconnect has secured US$ 13 million in a Series B+ round led by SIG Venture Capital, with participation from CE Innovation Capital and existing investor PayU. The additional funds increase Ayoconnect’s total capital raised to US $28 million. Link here
This ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!
Regards,
Marcel van Oost
Thanks for sharing our news!