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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. CEO Dax Craig said his proudest moment since founding Valen has been hearing from clients after his company was acquired by the insurance technology firm, Insurity. “As We’re allowing insurers to take the same approach.

DC 101
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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

Clearly he is not attending FinTech conferences. I sometimes quip that FinTech prognosticators are like futurists. And when my friend and fellow bank consultant Mary Beth Sullivan from Capital Performance Group in DC shared the post in the below pic on LinkedIn, it stirred a spirited rebuttal. Yet both live on.

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GonzoBanker Awards 2017

Gonzobanker

FinTech threats and distractions. While the darling of FinTech conferences, this divestiture seems primarily driven as a means of Customers delaying the $10 billion Durbin hit and maintaining quarterly EPS expectations from the Street. Oh, by the way, that Fintech darling of two years ago Lending Club? Payments chaos.

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From China With Love: AI, Robotics, AR/VR Are Hot Areas For Chinese Investment In US

CB Insights

At issue are concerns that such investments could help China expand its technological and military abilities. We define Chinese investment as participation in private financing rounds by investors (corporate, venture capital, angel, private equity, etc.) Which Technologies Chinese Investors are backing in the US.

US 32