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FinTech versus Banks, Round One: PSD2

Chris Skinner

I got a very interesting heads-up yesterday to a campaign the European FinTech start-ups have kicked off to try and stop the big, nasty banks screwing them with their version of PSD2. We are now at a crucial moment in the finalisation of the technical standards of PSD2. accountants, Start-ups etc.…) accountants, Start-ups etc.…)

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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

The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties. Sandboxes, Gathering Steam.

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BIS Sees Boons, Risks As FinTech Credit Gains Traction

PYMNTS

When it comes to FinTech firms and lending, might it be that what we don’t know could hurt us? A report by the Bank for International Settlements (BIS) found that when it comes to credit done through nascent technological platforms, boons and risks are afoot. China was the largest market, yet volume has declined in recent periods.

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German FinTech Raisin Eyes US Launch Following Latest Acquisition

PYMNTS

European wealth management FinTech Raisin is planning to roll out in the U.S. This new technological solution means helping U.S. Raisin , which is backed by PayPal, was founded in Berlin in 2013 and has raised about $200 million in funding from investors. Raisin will license Choice FS’ software to banks in the U.S.,

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FinTech Partnerships With FI Marked By Global Scope

PYMNTS

The cost of technology has lessened, though, opening the door for SMEs to bring bits and bytes to supply chains – lessening reliance on manual processes and invoices of the paper kind, thus eliminating errors. Using technology would cut costs that come in tandem with anti-fraud efforts. The tech is licensed by a U.S.

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Kobe Bryant, Virtual Cards, Self-Service Technology Top This Week’s News

PYMNTS

We have deep dives into virtual card adoption and self-service technology, as well as a report on Kobe Bryant’s legacy. Bryant formed the Bryant Stibel venture capital firm in 2013 with Jeff Stibel, founder of Web.com. Kobe Bryant’s VC Firm Holds More Than $2B in Assets . Kobe Bryant, who died on Sunday (Jan.

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