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Citi Venture Investing Head: ‘Financial Services is Becoming More Like Tech’

Bank Innovation

Strategic participation in fintech climbed in 2018, with 41% of all fintech financings containing either a corporate VC or strategic investor. This is up from 35% in 2017, and way up from 18% in 2013, according to Financial Technology Partners’ 2018 Annual Fintech Almanac.

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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

Government Accountability Office (GAO) said that financial regulators should look more closely at the role of non-bank tech companies in the small business (SMB) lending and consumer lending markets. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties.

Lending 150
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Checkout.com Buys Australian Startup Pin Payments

PYMNTS

The purchase allows Checkout access to Australia’s $33 billion eCommerce market and expands the company’s reach in the Asia Pacific region of the globe. Founded in 2013 by Grant Bissett and Dominic Pym, Pin Payments serves more than 12,000 businesses across Australia and New Zealand. Terms of the deal were not disclosed.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. or largely focused on the domestic banking market. If you have an interesting podcast to share, please send it to marketing@abrigo.com. Check them all out in our Knowledge Center.

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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

Investment frequency: Average of 4 new portfolio companies per year since 2013. Operating since 2010, AmFam Ventures has made a number of investments primarily in two thematic areas: connected home and connected car technologies and alternative insurance distribution. AXA Strategic Ventures. Number of investments: 22. 13 in 2015.

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Brazil’s Big Blockchain Bounce (And Other Digital Payments Advances)

PYMNTS

The goal is to become one of the most valuable financial technology startups in the world as it eyes a region-wide expansion and seeks a valuation between $8 billion and $10 billion, according to reports in Recode. Founded in 2013, Nubank currently claims 8.5 While Nubank is far from a household name in the U.S.,

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China key to banking and payments innovation

Banking 2020

Financial services organisations in China are expected to shine a light for the rest of the world when it comes to innovation in the banking sector in the coming years, with the primary drivers being non-traditional companies that are looking to develop new payment solutions and platforms. ”