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Motive Partners - Sunday Brainfood

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Dan Schulman (CEO, PayPal) commenting on the growth of the digital payments industry int o a $100 tri
 
February 24 · Issue #131 · View online
Brainfood
Dan Schulman (CEO, PayPal) commenting on the growth of the digital payments industry int o a $100 trillion market:
“People are thinking about how can they use technology to better serve customers,I think it’s going to be less and less about how does one company hyper-serve customers. I think the new way of the world going forward is how do companies take the best of their platforms [and] put them together to better serve companies.”

Jo Ann Barefoot(Co-Founder, Hummingbird Regtech and a former Deputy U.S. Conptroller of the Currency) commenting on the
“A few years back there was a lot of disruption talk about how the FinTechs were going to destroy the banks.There’s much more talk in the last few years about the need to partner.”

Zhannat Satubaldina (Deputy CEO, Halyk Bank) commenting on their choice to Fiserv to centralise its cash Management process to improve operatiional efficiency:
“Our customers conduct the majority of their daily financial transactions in cash, and it is important that we are able to meet their needs to both withdraw and deposit funds at our branches and at other locations, such as ATMs.“
David Price (MD of Client Coverage, Barclaycard) commenting on the new partnership with Amadeus- technology solutions provider for B2B payments in the travel sector:
“While cashflow remains one of the main challenges for any growing business, we know that travel agencies in particular have an ongoing need to make up-front purchases before they themselves get paid. This integration with Amadeus will be another way to help travel agencies take control of their cashflow and become even more competitive.”
Phil Gass (Chief Executive Officer, Nassau Re) commenting on the launch of their InsurTech incubator based in the company’s Boat Building headquarters in Hartfor,d Connecticut:
“Through Nassau Re/Imagine, our goal is to help accelerate Hartford’s transformation as a centre for insurtech innovation by fostering new companies that will continue to attract a new generation of talent to the city and state,”

Motive Podcasts
In last week’s podcast, we heard from  Norma Krayem (Sr Policy Advisor & Chair, Global Cybersecurity at Holland & Knight) and this week on our 51st podcast of the series - we have two titans of technology, Paul Walker (Senior Advisor, Motive Partners and former Goldman Sachs Co-Head of Technology) and Stephen Daffron (Founding Partner & Industry Partner at Motive Partners and President of Dun & Bradstreet).
The Future of Finance by Motive Labs on Apple Podcasts
The Future of Finance by Motive Labs on SoundCloud
Upcoming Industry Events
Financial Services
IMF suggest separate cash and e-money to enable negative interest rates
Apple and Goldman Sachs pair on credit card for iPhone
Nomura takes a stake in a robotic trading venture
SAGIA signs four investment pacts
Warburg Pincus sells 4.7M shares of tax automation company Avalara worth around $230M
BNP Paribas Fortis rolls out multi-bank account aggregation app
Credit Suisse's tough FinTech hunt
Sberbank creates an algorithm to do data scientists' job
Allianz X raises digital investment fund to EUR1 billion
Bank Frick targets institutional investors with digital asset trading
Metro, Starling and ClearBank the winners in £280 million RBS bailout award
Nassau Re Imagine-s InsurTech accelerator in the US
Commerzbank, Continental and Siemens test blockchain tech on money market
FinTech
Iwoca in mammoth £150m fundraise
Global Artificial Intelligence (AI) In Fintech Market projected to grow at CAGR of +33% by 2026
Portag3 Ventures Increases Stake in Hellas Direct
Why not all FinTech providers are FinTech firms
Challenging the truths of small business banking
Coinbase acquires blockchain intelligence platform Neutrino
Trading Technologies signs Graystone Asset Management
Financial services leading on “Voice First” technology strategy
Temenos snaps up India’s hTrunk for greater big data
The Fintech Revolution Is Here. Can It help in building Better Economy?
UK finance software firm Yordex gets £500k funding
Capitalise captures £3.5m funding
Regulation
FCA shows iron fist for anti-competition in asset management
States, consumer groups blast CFPB’s FinTech protections protections
Kenya keen on regulatory FinTech sandbox
PSD2 goes live in the Netherlands
Client choice and protection at the heart of the bank’s approach to FinTech regulation
Key Hires
FCA appoints a new chair for Financial Services Consumer Panel
Byzen Digital Inc. announces the formation of their Advisory Board and initial appointments
Fintech company TrueDigital appoints former Bridgewater Associates Executive as CEO
ClearlySo Makes new board appointments - prepares for a future growth
Itasca Bank & Trust have made a few appointments
M&A Activity
Funding Transactions
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