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Motive Partners - Sunday Brainfood

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June 2 · Issue #146 · View online
Brainfood
Quotes of the Week
Collaboration between the United States and the United Kingdom on financial services was boosted this week by the establishment of a Financial Innovation Partnership, which aims to build on and deepen bilateral engagement on emerging trends in financial services innovation.
John Glen, Economic Secretary to HM Treasury said:
“The United Kingdom and United States lead the world in financial services, and are at the cutting edge of innovative FinTech. By working more closely together through this new partnership we can help firms in both our countries to go even further to harness new technologies, share expertise and serve consumers.”

The annual P20 Conference is returning to London on the 3rd October 2019 and brings together top business leaders, government officials and regulators to discuss the future of payments globally.
Alastair Lukies CBE, P20 Global Ambassador, comments:
“London is home to 37% of Europe’s financial services industry. The capital is a hub for FinTech innovation, and a natural home for the P20 Conference. FinTech is about communities, and that is what the P20 creates; a community of leading experts from across the payments industry, all brought together with the unified goal of building a stronger, more robust and inclusive financial ecosystem”.
Motive Podcasts
Next week, on the Future of Finance podcast, we hear from Omar Ali, Managing Partner of UK Financial Services at EY. From Omar’s lessons from running his own business to the “diversity of differences” and the UK’s unique opportunity in the future of financial services - this is one of our favourites. There may even be a sequel…
All episodes are on Apple PodcastsSpotify or Google Podcasts.
Our favourite moment?
05:30: Omar’s lessons from entrepreneurship summarised into three Rs: Risk, Resilience and Re-energise.
FinTech of the Week
Our FinTech of the Week is LMRKTS, which solves the most challenging optimization problems facing the financial services industry, applying break-through mathematics and technology to reduce risk and improve ROE for financial institutions.
What’s the big deal?
Since the launch of its first commercial service, LMRKTS has contributed to the stability of the financial system by eliminating trillions of dollars of FX obligations between some of the world’s largest financial institutions.
Upcoming Industry Events
M&A Activity
Global Payments to Buy Total System in a $21.5 Billion Deal
Nasdaq pulls out of Oslo Bors battle, handing Euronext victory
Purpose Financial buys Toronto-based POS financing firm Credit Genie
Funding Transactions
SoFi confirms $500 million investment led by Qatar
London FinTech Yapily raises $5.4 million to offer a single API to connect to banks
Financial Services & FinTech
Emirates NBD taps AWS for AI-enabled bank
AIB and other Irish banks pilot blockchain for professional credentials
Why should banks and FinTechs work together?
FinTech Used To Be A Local Game. Today It Can Be Global
Will you be able to make trades directly from your mind in 2069?
Trepidation about Open Banking rules persist among incumbents
Plaid launches in the U.K., setting the stage for more FinTech companies to expand abroad
Regulation
The Financial Innovation Partnership
Key Hires & Talent
Sponsored by JBM Consulting
BBVA replaces interviews with a 'datathon' in search for next generation of data scientists
Revolut hires head of public affairs; former CFO resurfaces at Money Dashboard
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