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·Nov. 30, 2016

Fintech Hub Opening in Stockholm

Stockholm, Sweden has announced it will be opening a fintech hub; leading developers of the Stockholm Fintech Hub include Matthew Argent of BLC Advisors, KPMG, NFT Ventures and Invest Stockholm; the Stockholm Fintech Hub is currently seeking partners and will be led by a steering committee including the Fintech Hub's developers; motivation from the developers for a fintech hub was driven by an ecosystem of fintech startups and high growth companies in the country; according to lead developer, Matthew Argent, the Stockholm Fintech Hub will seek to maintain standards and evolve the support ecosystem that provides resources for fintech companies. Source

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Fintech News Roundup

·Apr. 6, 2017

Fintech Innovation in Latin America

Fintech innovation has been emerging in Latin America; LendIt USA 2017 featured a panel of Latin American market leaders moderated by Andres Fontao of Finnovista; panelists discussed what is happening in the Latin American fintech market and why there is an opportunity for fintech firms and specifically online lenders to be successful. Source

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Fintech News Roundup

·Feb. 22, 2017

Fintech Investment Decreases in 2016

Data from KPMG's Q4 2016 The Pulse of Fintech report showed US fintech funding decreasing to $12.8 billion in 2016, down from $27 billion in 2015; deal flow was also lower with 489 deals in 2016, a decrease from 615 deals in 2015; globally, funding was lower at $25 billion versus $47 billion in 2015. Source

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Fintech News Roundup

·Dec. 19, 2017

Fintech Leaders in Remittances

Remittances is a huge business with over $600 billion remitted every year; the fintech startups currently leading are WorldRemit, TransferWise and Remitly; the WSJ breaks down the various offerings as well as the other players in the industry; includes data on the remittance market across the globe and trends in the industry. Source

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Europe Fintech News Roundup

·Nov. 29, 2016

Fintech Partnerships Helping Revenue at Traditional UK Financial Services Firms

A survey of 70 traditional UK financial services firms by Mayer Brown has quantified the benefits of fintech partnerships in the financial services industry; 100% of survey participants said they would purchase a product or work directly with a fintech company over the next three years and 49% of respondents said they were currently working with a fintech firm in a joint venture partnership; other highlights from the survey report found that 87% of respondents could reduce costs after a fintech partnership, 83% of respondents were able to refresh their brand and 54% of respondents increased revenue. Source

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Europe Fintech News Roundup USA

·Nov. 17, 2017

Fintech Industry Needs More Action on Diversity

Innovate Finance published their annual list of women in fintech and while progress has been made, more work is needed; Innovate Finance CEO Charlotte Crosswell said "We’ve still got work to be done. When you look at statistics of women in fintech — it’s not there yet.”; other leaders like Anne Boden of Starling Bank said we all need to try harder; studies also show that the more diverse a team the better they perform. Source.

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Fintech News Roundup USA

·Aug. 8, 2017

Fintech Innovation Lab Supporting Startup Businesses in NYC

Source provides details on the Fintech Innovation Lab and its founders; notes the benefits of the Fintech Innovation Lab and includes numerous success stories; included in this year's program were Cutting Edge, Nova Credit and BehavioSec. Source

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Fintech News Roundup USA

·Oct. 31, 2017

Fintech Lawyer Discusses CFPB/Fintech Partnerships

Alexandra Villarreal O’Rourke from McGuireWoods discusses Project Catalyst and the no-action letter program from the CFPB in a Let’s Talk Payments interview; the first no-action letter was issued to Upstart, a consumer lender in the US. Source

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Fintech News Roundup

·Apr. 21, 2017

Fintech Leads AI Investment Deals in Q1 2017

41 fintech artificial intelligence deals occurred in the first quarter of 2017; other top industries for investment in the first quarter included sales and client relationship management and health care; overall, there have been 2,320 total deals from the first quarter of 2012 through the first quarter of 2017 accounting for investment of $15.4 billion. Source

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Europe Fintech News Roundup

·Oct. 11, 2017

Fintech Predictions from Renaud Laplanche

While giving a keynote speech at LendIt Europe 2017 Upgrade CEO Renaud Laplanche laid out his three biggest predictions for the near future; the growth of online lending will accelerate in the next 15 months, a meaningful secondary market will develop and rebundling will give birth to one major consumer product innovation in the next 15 months. Source.

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