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Fintech

·Nov. 21, 2016

Healthcare Asset Management Offering a Profitable Fintech Opportunity

Opportunities to utilize technology in the insurance market are increasingly abounding and one area of the market that could benefit from greater technological innovation is the market for healthcare asset management; healthcare providers track an abundance of data on drugs and healthcare services; they are also creating new funds; third party service providers and asset managers are currently working to utilize this data as well as support healthcare investments; many of the processes connecting healthcare companies and third party service providers have yet to be fully explored by financial innovation and could be highly profitable for financial technology companies. Source

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Fintech News Roundup Regulation USA

·Nov. 21, 2016

PeerIQ’s Perspective on Fintech Regulation

PeerIQ's weekly newsletter provides insight from a week in Washington, D.C. beginning with the SEC's Fintech Forum on Monday, November 14; Ram Ahluwalia participated as a panelist providing an industry perspective on the "Capital Formation" panel; newsletter also provides details on potential terms from the OCC in their fintech charter and highlights three bills affecting fintech; PeerIQ also discusses the effect of capital and liquidity rules on asset-backed securities from banks. Source

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Fintech News Roundup

·Nov. 21, 2016

CreditEase’s CEO Speaks at APEC CEO Summit 2016

Ning Tang, CreditEase CEO and founder, spoke on financial inclusion and global fintech cooperation at the APEC CEO Summit 2016; as a participant on the "Innovation Economy" panel, Mr. Tang discussed the need for collaboration between businesses and government in order to facilitate innovation and economic development. Source

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Fintech News Roundup North America USA

·Nov. 21, 2016

Digital Wealth Management Company, AdvisorEngine, Raises $20mn

The New York City-based company raised their Series A funding from WisdomTree Investments, Inc., who sees this opportunity as a strategic investment; the deal will set up WisdomTree's asset allocation models to be made available through AdvisorEngine's open architecture platform and WisdomTree will actively introduce the new platform to its distribution network; AdvisorEngine intends to use the funds for the continued development and expansion of its wealth management platform. Source

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Fintech News Roundup North America USA

·Nov. 21, 2016

ID Authentication Company, Trust Stamp, Raises Capital

Trust Stamp, who focuses their business on identity authentication that leverages artificial intelligence and blockchain technologies, just raised a new round of funding from Second Century Ventures; the amount of the funding has yet to be disclosed; Trust Stamp uses artificial intelligence software to comb through public records and social media data to provide ID verification to real estate professionals who meet new clients; the new funding will help them to continue building out their technology and integrate blockchain into their processes. Source

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Europe Fintech News Roundup

·Nov. 21, 2016

Metro Bank Upgrades Its Digital Banking Platform

The UK's Metro Bank has enhanced its digital banking platform and launched new services; the new services include advanced technologies across nearly all aspects of the online user experience; the enhancements follow increased competition by digital-only banks including Starling, Atom, Tandem, Loot and Monzo; Metro Bank opened in 2010 and is also an investor in consumer loans through marketplace lender, Zopa. Source

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Fintech News Roundup

·Nov. 21, 2016

ProfitStars Announces Commercial Lending Center Suite

ProfitStars, a division of Jack Henry & Associates, Inc., has launched Commercial Lending Center Suite; the new suite offers a comprehensive collection of lending services and solutions designed to streamline the entire loan process from application to complete lifecycle loan management; Russ Bernthal, president of ProfitStars stated, "Commercial Lending Center Suite gives financial institutions the flexibility to customize lending processes to meet the needs of a wider variety of commercial borrowers and compete like never before – empowering lenders with unique solutions and services that address critical lending challenges safely and soundly." Source

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Fintech News Roundup USA

·Nov. 18, 2016

CFPB Launches Inquiry into Data Sharing

In October, CFPB Director Richard Cordray warned banks not to limit access to financial data by third parties working on behalf of the customer; now the bureau he leads is opening an inquiry into a data sharing dispute between banks and fintech companies; the inquiry is focused on consumer choice, security and control; the CFPB believes this will help banks and fintech companies better understand what the customer needs, how to accurately give the customer choice and security, and who ultimately owns the customer's data. Source

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Fintech News Roundup

·Nov. 18, 2016

CoinDesk Reports on the Market for Blockchain

In its Q3 2016 State of Blockchain report, CoinDesk provides insights on blockchain; says blockchain investment is decreasing however significant development efforts continue to occur primarily from major banks and stock exchanges; report also says interest in blockchain from central banks is likely to continue. Source

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Finance Fintech News Roundup

·Nov. 18, 2016

Large Insurance Companies Exploring Insurtech in Many Different Ways

Insurance and insurtech companies are seeking synergies in the industry as technology is evolving; at the Intelligent InsurTech Europe conference this week in London, industry participants discussed the many ways companies are partnering and developing new services; the industry conference revealed many large companies are investing in insurtech through incubators and direct investment; in-house innovation labs are also a prevalent trend occurring with large insurance companies; most large insurance companies are finding it important to partner and invest with insurtech companies in order to stay current with the industry’s evolving landscape. Source

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