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Brain Food 07.11.16

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November 7 · Issue #6 · View online
Brainfood
Brain Food - 07.11.16
Important News
U.S. Agency Takes Big Step Toward Regulating Fintech Companies
Watchdog to hire bankers to review Williams & Glyn sell-off attempt
BaaS is becoming the sexiest vertical in FinTech
Thai Kasikornbank, IBM join forces on blockchain network
Virgin Money launches insurance venture with AIG
Financial Services
A First in ASEAN: 6 P2P Lending Licenses Granted in Malaysia
Bank of England officials watch as cyber attack unfolds
Swiss banks pair up with Kickstart cohort
A future of financial infrastructure: WEF
FinTech
Russia wants to make new payments system compatible with China
MOTO To Invisible Payments To Seamless Transactions
Britain to spend 1.9 billion pounds on boosting cyber defenses
A Blueprint for Digital Identity: WEF
Introducing Microsoft Teams—the chat-based workspace in Office 365
European millennials waiting for the 'Uber moment' of mobile payments
FinTech firms do not threaten financial stability - FSB
Wired, with other Conde Nast tech publications, starts a $4,000-a-year-membership program
Tandem Bank welcomes its first customers; Loot steps into the fray
Venture Capitalists Get Radical and Invest in a...Bank
Report: The Future of FinTech
Deal News
Last week we saw a total of $1,590,250,000 funded over 79 deals. US funding totaled $1,280,000,000 over 69 deals, a four week high, with other international funding totaling $309,350,000. Consumer Internet startups took a third of all funding, helped in large part by Postmates’ $140M round - Inside Venture Capital
CenturyLink to sell data centers, colocation business
BBVA rolls out mobile onboarding; signs Salesforce deal
Terra Firma Said to Have Held Talks on Electra Fund Tie-Up
Funding
Invoice financing marketplace Arex picks up €3M backing
Bizongo raises $3 million in series A
Cross River Bank in N.J. Raises $28M from Silicon Valley
Droit secures $16m in funding
Riskalyze secures $20m Series A
Mubadala Said to Consider Investing in SoftBank’s Tech Fund
Replicated Raises $5m in Series A Funding
New Funds:
  • Relay Ventures raises Fund III, early-stage mobile software, services and content: $150M. 
  • Centana Growth Partners holds first close of maiden fund, FinTech and enterprise: $122.95M.
  • Keen Ventures holds first close of maiden fund, early-stage EU startups: $100M.
  • Chicago Ventures closes Fund II, seed-stage for tech-enabled startups: $66M. 
Regulation
Switzerland looks to ease rules for FinTech firms
ASIC and OSC Sign Agreement to Support Innovative FinTech Companies
FCA steps up action on current accounts
International FinTech Regulatory Sandboxes Launched by Forward-Thinking Financial Authorities
Brexit: the High Court’s decision in less than 500 words
CFTC stirs outrage over algo trading source code proposals
Key Hires
IG Group boss Ian Peacock joins board of FinTech startup CoInvestor
Ripple's Chris Larsen Steps Down as CEO, Will Remain as Chairman
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