Invoice financing marketplace Arex picks up €3m backing
Arex, a startup that is taking a marketplace approach to invoice financing for SMBs, has picked up €3 million in backing. Read more: www.techcrunch.com
Selling FinTech to banks
If you ask almost any early-stage B2B FinTech startup selling to banks what their biggest challenge is, the answer you'll likely get is sales. Read more: venturebeat.com
Will Banking and FinTech Merge or Collide?
Financial services technology disruption isn’t exclusive to wealth management. The impact that fintech, and tech in general, has had on banking. Read more: www.business2community.com
Indian online tax return platform ClearTax bags $12m SAIF-led Series A
SAIF Partners’ Ravi Adusumalli has led a $12m Series A financing round for Indian online tax filing platform ClearTax.
PSBC to roll out online consumer banking services
The bank says it will deepen its cooperation with Ant Financial and Shenzhen Tencent in internet and mobile finance. Read More: ww2.cfo.com
FinTech could signal the end of universal banking as we know...
Mark Carney, The current Governor of the Bank of England, predicted that FinTech could, in time, “signal the end of universal banking as we know it.” Read now: www.crowdfundinsider.com
88% of global banks sweat over losing revenue to FinTech
A new report from PwC has found that a large majority of financial services intend to team up with FinTech companies in the next three to five years. Read more: www.cryptocoinsnews.com
Mobile banking app payments rise by a staggering 54%
The new figures revealed by the British Bankers Association showed that mobile banking apps are being used around 7,610 times a minute. Read more: www.dailymail.co.uk
Nordea readies for PSD2 with Open Banking API
Nordea has set up a site for developers to experiment with the bank's Open Banking APIs in a quest to become the "go-to hub" for banking APIs in the Nordics. Read more: www.finextra.com
Financial fraud grows 25% as criminals exploit data breaches
Financial fraud losses reached £399.5m in the first half of 2016, a 25% increase on the £320.3m lost in the same period last year as a result of scams and online attacks. Read more: www.fintechroundup.com