CFTE Newsletter 19th August – 26th August


This week's must read Fintech news... Out of the box thinking for digital transformation “You must transform your business to adapt to digital” “Your IT systems are out dated” “Your processes can cope with today's fluid environment”   No, these are not statements my dad says to me in utter disappointment but more akin to what the top brass at banks all over the world must hear on a day-to-day basis. Well, Rabobank, the Dutch multinational bank that services the food industry, has taken a rather novel approach to address digital transformation – they’ve built a real life model representation of the bank!...See for yourself here.   England v Germany We all know who won the 1966 World Cup but how do the two countries stack up when it comes to Fintech? CBI has some Insights to share with us…Right here.   Is Facebook about to monetise WhatsApp?! Facebook’s flagship messaging platform, WhatsApp, has 1.2bn users…

CFTE Newsletter 5th August – 12th August


Fintech Readings Crowdsourcing AI Algorithms. Beautiful. There’s a new kind of hedge fund on the market and its powered by AI. Numerai, based out of San Francisco, is on a mission to liberalise trading on Wall Street. It launched last year and aims to crowd source market movements. The process: data scientists are given an encrypted financial data, they then analyse this data and produce models that best predict stock market movements. The data scientists that produce the winning models are rewarded with Bitcoin or cash. Numerai’s business model is definitive of the disruption that the finance industry is undergoing. Utilising a new technology in an innovative way, in this case, using a platform model to crowd source the actual technology that executes the trade. The caveat, the data scientists don’t even know its financial data! Genius... Click here to read full story The Bank of PayPal  Earlier this year, PayPal’s reported it’s lending…

CFTE Newsletter – 29th July to 5th August


Expert Analysis   Author: Huy Nguyen Trieu (aka Fintech Sensei) The Headline Kabbage raises $250m from Softbank Breaking it down Kabbage is one of the pioneers of automated lending to SMEs. Instead of relying on manual processes, Kabbage uses real-time data about SMEs (e.g. their Amazon sales figures, their Paypal payment data, their UPS shipping data, even their Facebook client rating) to build automated credit scores. Kabbage continues to grow strongly, and after having received funding from Santander, ING and others last year, just received an additional $250m from Softbank – showing that there is still a lot of investor interest in Fintech. Wrapping it up Companies like Kabbage are not necessarily well-known by the general public, but started the very important trend of automated lending, which is now becoming widespread. Although Kabbage is not profitable yet, it continues to grow, attracts clients, and raises large amounts of funding. There are many companies…

CFTE Newsletter – 22nd July to 29th July


Fintech detectives, CBI Insights, on the mark again  CBI Insights, the tech market intelligence supremo’s released their Global Fintech Report for Q2, which made for very interesting reading. $5.2bn raised in Q2, taking the years total to over $8bn and on track to beat 2016’s high of $13.5bn+ 5 new Fintechs join the unicorn (aka startups with $1bn+ valuations) club in Q2 meaning there are now 26 globally. 500 startups (who we share our offices with) is still the biggest investor in global Fintech companies Proxy war between Asia's tech giants is bubbling nicely Didi Chuxing, the company that ousted Uber from the Chinese ride-sharing market, and Japan’s Softbank have invested $2.5bn in Singapore’s Grab, another ride-sharing startup. Grab dominates the market in SE Asia along with Go-Jek, its Indonesian based competitor – who received funding from another Chinese tech giant, Tencent. Both offer payment services to their network of users. It's this kind of…

CFTE Newsletter – 17th July to 22nd July


Curated stories from our weekly newsletter Arm yourself with some Fintech knowledge... 1. Technology represents significant opportunities for finance professionals if they are proactive about upskilling – this is a message we’ve been preaching for some time – but we’re not alone! – By Quartz…..click here to read more   2. Here at CFTE, we like to talk about the opportunity for FinTech to provide basic financial services to the unbanked. There’s money in it too you know. About $380bn. This lovely infographic explains all – By Visual Capitalist…..click here to read more  3. Wealth management startup, Betterment’s latest funding round value’s the company at $800m, sending out a strong signal to traditional players that it’s a business model that’s here to stay. Although they do have some competition on their hands – By Bloomberg Markets…..click here to read more 4.  Singapore is positioning itself to be a global hub for Fintech, its regulatory…