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Motive Partners - Sunday Brainfood

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Allied Irish Bank (AIB) has formed a joint venture with First Data Corporation to acquire Payzone, Ir
 
April 21 · Issue #139 · View online
Brainfood
Allied Irish Bank (AIB) has formed a joint venture with First Data Corporation to acquire Payzone, Ireland’s largest consumer payments network. Payzone processes consumer payments across over 7,000 retail outlets, offering mobile phone top-ups, card transactions, motorway toll and parking payments and bill payment services.

Commenting on the transaction, Colin Hunt, CEO of AIB says:
“For AIB, this transaction means acquiring significant fintech capability and Payzone’s substantial payments footprint in Ireland. This will allow AIB to continue to evolve and enhance our customer offering, enable us to pioneer digital ecosystem products and services and represents growth potential.”

Motive Podcasts
On the Future of Finance podcast, this week Motive Partners’ Sam Tidswell-Norrish speaks to two inspiring co-founders: Stuart Jones, Jr. and Gabrielle Haddad, CEO and COO at Sigma Ratings, a FinTech Collective portfolio company and the world’s first ratings agency that focuses on governance and financial crime risk. Listen in to get valuable insight into building a startup, what to look for when deciding on your investors and the lessons they have learnt as entrepreneurs. 
Upcoming Industry Events
Financial Services
AIB and First Data to acquire Ireland's Payzone
RBS is jumping into blockchain for real estate
Mastercard gives commercial cardholder more insight into Amazon Business purchases
Mastercard moves into POS financing with Vyze acquisition
T-Mobile to Offer a Checking Account in Attempt to One-Up Rivals
FinTech
In partnership with Standard Bank, Founders Factory invests $40k in 5 African fintech startups
Bithumb’s Parent Secures $200 Million from Japanese Blockchain Fund
Stripe acquires Touchtech, updates APIs to prep for strong customer authentication in Europe
Cytora secures £25M Series B for its AI-powered commercial insurance underwriting solution
Startup Raises £3 million in Tokenized Equity on London Stock Exchange Platform
Regulation
FCA Business Plan Continues Push into Fintech Innovation
Fintech firms form association to fight PSD2 corner
Prosper is the latest Silicon Valley company to get dinged by, and settle charges with, the SEC
Financial technology at banks, insurers could inadvertently discriminate: N.Y. regulator
India Shuns Bitcoin Legalization Again, Excludes Crypto Startups from Fintech Sandbox
Key Hires
Twitter co-founder Biz Stone joins board of fintech startup R8
US Bank names BBVA's Derek White chief digital officer
M&A Activity
Funding Transactions
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