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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

B2B FinTechs in the U.S. This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. Software-As-A-Service (SaaS).

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Middesk CEO On Helping FIs And FinTechs Derisk KYB

PYMNTS

In the mad dash for small firms to secure capital, many sought their PPP loans from banks other than their usual financial service providers, creating a logistical nightmare for financial institutions (FIs) that still rely on manual and outdated customer onboarding workflows. On Tuesday (Sept.

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This Singapore Fintech Wants U.S. Banks To Be As Engaging As Amazon

Bank Innovation

A lot of data is being generated and collected on a daily basis thanks to social media, IoT, and online customer behavior (Upstart, for example, uses this method for its underwriting decisions). Customer data is (arguably) the most valuable asset in many industries, financial services included.

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How China Is Clamping Down On Crypto Trading With Social Media

PYMNTS

News came this week that Jinse, an information service that is backed by Node Capital, was among the accounts impacted in the freeze. In all, local media outlet Lanjinger has found that at least eight “legitimate” publications, according to The Next Web , have been impacted by the crackdown.

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Brexit Jolts Fintech, Launches Era of Banking Uncertainty

Bank Innovation

In a stunning vote, British citizens decided to leave the European Union, and the so-called Brexit has not just profound implications for fintech, but creates massive uncertainty for global financial services. tweeted Eileen Burbidge, a partner at Passion Capital and FinTech Envoy of HM Read More. How can we be so stupid?”

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DBS, Standard Chartered To Launch Trade Finance Registry

PYMNTS

George Lee , chief operating officer of CCRManager , said while digitization is happening in small parts of the system, the worldwide network isn't collaborative enough to easily transition over to new ways of working. But that, too, will depend on member participation, Lee said.

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Today In Payments Around The World: IBM Buys Canadian Firm Expertus Technologies; GoJek Unveils GoBiz Plus System For Merchants

PYMNTS

IBM Acquires Canadian FinTech Expertus. Southeast Asian super-app operator Gojek is launching its new GoBiz Plus point-of-sale (POS) technology for all-in-one-purposes for micro in addition to small to medium-sized businesses (SMBs) in Indonesia. Plus, Bridgetown Holdings is reportedly thinking about a deal with Tokopedia.