Saturday, December 5, 2020
GENERAL FINTECH

GENERAL FINTECH

Siemens establishes €1bn Next47 super fund for startups

German tech and engineering powerhouse Siemens is to invest $1bn in a new start-up accelerator called Next47 focused on disruptive ideas. Read more: www.siliconrepublic.com

LendingKart looks to future with $32m Series B investment

Bertelsmann India Investments has led a $32m Series B round in Indian lending platform Lendingkart Group.

RBI panel to study Fintech, digital banking

Working Group to review, reorient regulatory framework; respond to rapid-change scenario. Read more:: www.thehindubusinessline.com

KB Financial nurtures FinTech startups

KB Financial Group has geared up to coordinate with rising FinTech start-ups to take the industry mainstream. KB Financial launched in March to offer all-in-one package of services to promising start-ups.Read more: www.koreaherald.com

Axis Bank finds partners to strengthen startup ties

Axis bank has partnered with AWS, Visa and The Open Vault to support its innovation lab Thought Factory. Read more: thetechportal.com

FinTech VC funding on track to outpace 2015 by 36%

Fintech is on pace to best venture capital 2015 fundraising by 36% this year as startups focus on transparency and ease-of-use to disrupt the incumbents. Read more: bankinnovation.net

Ex-Barclays boss Jenkins just launched a FinTech startup

Former Barclays CEO Antony Jenkins has launched a new startup that aims to modernise the back office technology used by banks. Read more: www.finextra.com

New FinTech tools for DOL fiduciary rule launched

The rule requires advisers to act in the best interest of clients when providing retirement advice. Implementation of the rule is set for April 2017. Read more: www.investmentnews.com

Deutsche Bank names FinTech innovation execs

Elly Hardwick has been named head of innovation, including oversight of Deutsche Bank Labs, and Philip Milne has been appointed as CTO for innovation. Read more: www.americanbanker.com

Kingpin in $1m global bank malware ring gets five years in...

A villain at the heart of an organized crime network that stole £840k from victims' online bank accounts has been jailed. Read more: www.theregister.co.uk

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