This year's list is focused on fintech's most powerful dealmakers from the past year, with extra emphasis on partnerships that act not just as funders but also strategic advisors; the fintech sector in particular has taken the term partnership to a new level as these startups need the investment and advisory relationship more than other sectors; Vanessa Colella of Citi Ventures explains, "We are beginning to observe much more of a push toward collaboration - a shift from complete independence to an interest in building tools with established players that happened really quickly in this sector." Source
El grupo brasileño Itaú Unibanco decidió desinvertir en la billetera que desde la Argentina se iba a proyectar a la región....
Podcast talks with former SEC Enforcement Division attorney Nick Morgan; Nick Morgan says the SEC is reviewing all types of cases and using the Howey Test to determine whether the deals are considered an offering of securities; explains that the Howey Test considers whether the expectation of profit relies on efforts of investors and also says that the investigations center around whether the investors are passively investing or actively involved in creating value; Morgan also noted that the SEC's resources are limited given the vast number of ICOs being offered and reports that the investigations will likely focus first on any fraudulent activity with potential investigation efforts also on exchanges that encompass the inclusion of many ICOs. Source
Fintech has been struggling with a lack of diversity since its inception; we are quickly moving beyond mere statements about...
Poshak Agarwal and Rahul Subramaniam started Florence Capital to provide Indian women with the same access to capital that men enjoy.
The Women in Fintech program forms an integral part of Fintech Nexus' goal of forging a vibrant network in the fintech sector.
As the partial government shutdown enters its second month, the impact is beginning to effect the fintech industry, from both...
PayPal is connecting with Acorns, an automated savings/investing platform; users will be able to contribute and manage their account from the PayPal app; the first users will get access today which will expand access to all US users by early 2018; PayPal previously has invested in Acorns, leading a $30 million round. Source
This past week saw good news from Coinbase, bad news from Robinhood, JPMorgan is getting intro travel, the CFTC would regulate crypto in proposed new legislation, Equifax had another screwup and more.
South American eCommerce firm Mercado Libre is boosting its investment in Brazil by 70% this year, planning to spend 17 billion reais ($3.44 billion).