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News and resources on fintech start-ups, scale-ups, hubs, accelerators, VCs and funding worldwide.

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Covid-19 claims TechHub

Covid-19 claims TechHub

London's TechHub has been forced into administration due to a revenue drain from startups feeling the pain of the Coronavirus pandemic.

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Singapore establishes Asian Institute of Digital Finance

Singapore establishes Asian Institute of Digital Finance

World Economic Forum: COVID-19 underlines the importance of fintech in emerging markets

World Economic Forum: COVID-19 underlines the importance of fintech in emerging markets

DayTek Capital granted licence for new Oz challenger Infinity

DayTek Capital granted licence for new Oz challenger Infinity

Varo Money granted national bank charter

Varo Money granted national bank charter

Slovak crypto platform raises €1m

Slovak crypto platform raises €1m

Monzo: Covid:19 casts 'significant doubt' on ability to continue operating

Monzo: Covid:19 casts 'significant doubt' on ability to continue operating

11:FS cuts Foundry jobs

11:FS cuts Foundry jobs

Remitly raises $85m at $1.5bn valuation

Remitly raises $85m at $1.5bn valuation

TransferWise hits $5bn valuation

TransferWise hits $5bn valuation

ComplyAdvantage raises $50m for financial crime platform

ComplyAdvantage raises $50m for financial crime platform

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[INDUSTRY SURVEY] SPOTLIGHTING THE IMPACT OF COVID-19 ON GLOBAL FINTECH, [INDUSTRY SURVEY] SPOTLIGHT[INDUSTRY SURVEY] SPOTLIGHTING THE IMPACT OF COVID-19 ON GLOBAL FINTECH
Start ups blogs
Banking Strategy, Digital and Transformation  

Marketplace analytics - Stop running your business blindly

Joris Lochy

Joris Lochy - Monizze - Brussels

Fintech innovation and startups  

Fintech is dead, long live Fintech

Joris Lochy

Joris Lochy - Monizze - Brussels

Digital Sales  

It’s time for transparent pricing

Jamie Nascimento

Jamie Nascimento - LemonTree Software - Utrecht

Innovation in Financial Services  

Monetization of a marketplace in the financial industry - Make your idea profitable!

Joris Lochy

Joris Lochy - Monizze - Brussels

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Latest TV
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World Economic Forum: COVID-19 underlines the importance of fintech in emerging markets

World Economic Forum: COVID-19 underlines the importance of fintech in emerging markets

Matthew Blake, Head of Financial Services, Member of the Executive Committee, World Economic Forum (WEF) speaks to FinextraTV following CCAF and World Bank's commentary on their collaborative study together, into the impact of Covid-19 on Global Fintech. He highlights what fintech firms can take away from the survey report and how it will help educate them to remain resilient amid economic uncertainty. We hear about the work the WEF has done around financial inclusion, how important fintech is for continuing and increasing financial inclusion in emerging markets, what avenues there are for public-private cooperation in a COVID world, and where fintech firms can receive support.

Scaling to the UK: Advice from KPMG's Global Head of Fintech

Scaling to the UK: Advice from KPMG's Global Head of Fintech

Anton Ruddenklau, Head of Digital Banking & Innovation, Financial Services, KPMG speaks to Hannah Wallace, FinextraTV about some of the mistakes fintechs made when scaling to the UK pre-pandemic, the impact of Covid-19 today and how we need to mature the market. We learn what fintech firms should be doing differently, how they can balance growth and customer acquisition alongside cashflow and runway concerns, and how KPMG is investing in this space.

World Bank's tailored advice for fintechs post Covid-19

World Bank's tailored advice for fintechs post Covid-19

Ana Fiorella Carvajal, Lead Financial Sector Expert, World Bank talks about their study with The Cambridge Centre for Alternative Finance into the impact of Covid19 on Global Fintech. We hear about the state of play between fintech firms and SMEs, the importance of expanding access to finance for SMEs during Covid-19, and how different fintechs across the globe are looking for tailored recovery advice to help them survive post-pandemic.

Market Missions: Scaling in the UK post Covid-19

Market Missions: Scaling in the UK post Covid-19

Peter Gillingwater, CEO of Newfound speaks off the back of their Market Missions opening event that looked at the opportunities for fintechs scaling to the UK in the Covid era. We learn more about the Market Missions intensive program, giving the industry better insight into the fintech ecosystem today and Peter talks about international markets, which he thinks show the most interest in establishing and expanding operations across the UK.

Discussion
Fintech is dead, long live Fintech
Ketharaman Swaminathan

Ketharaman Swaminathan

  Joris Lochy:  TY for your detailed response.  Fincumbents have been supplying technology to Banks for ages. That technology is meant to primarily benefit Banks. If Fintechs slip into Fincumbent mode, their technology will continue to primarily benefit Banks, as I pointed out in Fintech Shouldn’t Stop Chanting The Disruption Mantra. In other words, TBH, that kind of technology will NOT primarily benefit bank customers. If a Fintech operates like a Fincumbent, and still owns the customer relationship, that would be a genuine case of blurring the line. But I can't think of a single example of a Fintech that does that. In its present form, I'm not too gung ho about EU-style Open Banking doing *anything*, let alone something as drastic as redefining supplier-customer relationships.  BaaS captures the aaS zeitgeist very well. Ergo, I expect it to click in the market. But, as a repositioning of fairly old constructs in the fincumbent industry like "bank in a box", "covisioning", and "whitelabeled banking", I don't see it altering customer-supplier relationships in any significant way.  

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Fintech is dead, long live Fintech
Joris Lochy

Joris Lochy

  Dear Ketharaman, Thanks a lot for your detailed and interesting comment. Fully agree with your statements, that the issue is that many Fintechs, being heavily backed by agressive VC funding, needed to say that they would disrupt (even kill) the existing financial services industry. This didn't happen and will not happen, in my opinion. Before Fintech, the line between banks and financial service software vendors was very clear. One was of supplier of the other. With many Fintechs first trying to go after the bank customers directly, but not succeeding, they piloted to a mixed solution of partnerships with existing banks, where they still partially manage the customer relationship. These kind of constructions has made the line blurry. Furthermore the evolution of Open Banking and "Banking as a Service" has resulted in also a move-away from the traditional customer-supplier relationship. Many of the traditional Fincumbents (which have indeed been around for 20-30 years) are also experimenting with new business models, like SaaS, BaaS, marketplaces, obtaining their own banking license... In the end it is in everyone's interest (especially the customer of banks) that there is cooperation, allowing to combine the innovative technology of Fintechs, with the banking expertise and customer base of the existing banks.

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Top 5 White Label Crypto Exchange Platforms 2020
Robert Kroos

Robert Kroos

  Thanks for this info. if you want to launch a white label cryptocurrency exchange platform with updated security features in 2020? then contact@zabtechnologies.net

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Fintech is dead, long live Fintech
Jayanth Jagadeesh

Jayanth Jagadeesh

  Very well articulated Joris.  Thanks for writing/sharing this elaborate analysis of the FinTech players and their POVs. 

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Featured
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Wirecard scandal signals EU regulatory overhaul

Wirecard scandal signals EU regulatory overhaul

UK fintech funding slows amid pandemic

UK fintech funding slows amid pandemic

Barcelona to establish fintech hub in stock exchange building

Barcelona to establish fintech hub in stock exchange building

Goldman and Mastercard invest in Bond

Goldman and Mastercard invest in Bond

Start Ups Analysis
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On-Demand Webinar - How Banks in EMEA Can Thrive Amid Economic Uncertainty
/event information

On-Demand Webinar - How Banks in EMEA Can Thrive Amid Economic Uncertainty

Capitalising on agility to win the digital banking competition.

On-Demand Webinar - The SME Open Banking Revolution
/event information

On-Demand Webinar - The SME Open Banking Revolution

The SME space is ripe for disruption in terms of open banking services. Arguably more complex to serve, yet with the potential to yield great benefits for all concerned, the time has come for banks to step up and address the issues that their business clients grapple with, and serve them better.

Transformation and innovation
/market commentary

Transformation and innovation

Santander and TheCityUK, with support from law firm Shearman & Sterling, present a guide to partnerships between banks and fintech firms.

Elsewhere...

  1. CNBC

    Digital bank Current sees ‘insane’ growth during pandemic as essential workers sign up for accounts

  2. The Guardian

    'Banks will behave better this time than during financial crisis'

  3. Forbes

    Broken Synapse: Why employees and customers are fleeing this Andreesen-backed fintech startup

  4. Citywire

    Augmentum fixed on fintech future as virus fears weigh

  5. Wired

    A good fintech founder aims to solve problems, not make money