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China's Financial Industry Firms Redo Plans, Funding In Wake Of More Oversight

PYMNTS

With regulators cracking down in China, FinTech leaders are scrambling for capital and trying to plan their futures, Bloomberg reported Wednesday (Nov. And those lending in multiple provinces would have to have 5 billion yuan in registered capital at a minimum.

Industry 152
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Data Enablers: Valen Makes Insurance Human Again

PYMNTS

Like FinTech, InsurTech debuts in an industry that has historically been very slow to adopt new technologies. DC: There is significant crossover between FinTech and InsurTech. DC: We set out to create a culture that stood behind its promises and put the customer first. We’re allowing insurers to take the same approach.

DC 101
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Fintech Policy in the US – Things Are Things Heating Up

FICO

It’s August and it’s hot in Washington DC. Yet in the nation’s capital, fintech policy may actually be hotter than the temperatures outside. These emerging areas offer significant promise for both consumers and market participants alike and can be accelerated by a balanced and thoughtful policy approach.

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ID Experts Light Up Portland

PYMNTS

The new owners of ID Experts are Peloton Equity and Trident Capital. The private equity funding, which, according to Oregon Live , will “cash out some of its current owners while injecting more capital into the business,” came at the same time as a new spinoff from ID Experts emerged called Radar. in two rounds with four investors.

Portland 100
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Go-Jek = fintech?

CB Insights

Earlier this week, Bank Indonesia, the central bank of Indonesia, nominated three companies for its award for the fintech company most supportive of the “non-cash national movement of inclusion.” Round investors included Autotech Ventures, Insight Venture Partners, and Founders Capital.

Fintech 37
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Fintech'ers Will Be Right on Branching. Unless Bankers Act.

Jeff For Banks

I read a recent interview of Members 1st Credit Union CEO Bob Marquette by S&P Global Market Intelligence (link requires subscription). Clearly he is not attending FinTech conferences. I sometimes quip that FinTech prognosticators are like futurists. Yet both live on. Although the trend is decidedly in that direction.

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37 Corporate Innovation Labs In Finance

CB Insights

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. Visa — One Market Center. Capital One — Capital One Labs. Key people: James Patterson, Managing VP & Head of Capital One Labs at Capital One.