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Motive Partners - Sunday Brainfood

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June 23 · Issue #149 · View online
Brainfood
Quotes of the Week
This week, Facebook announced that it will launch its own digital currency, the Libra, in 2020, which will be pegged to a basket of major currencies and backed by a consortium of 28 large companies, including Mastercard.
Facebook’s David Marcus says:
“Libra’s mission is to be a simple, global currency and financial infrastructure that empowers billions of people.”
Amidst the buzz and market reaction surrounding the announcement, Jorn Lambert, Executive Vice President of Digital Solutions for Mastercard gives insight:
“It’s expected and normal for regulators to say they don’t quite understand this yet. They don’t have a framework yet. Our objectives are aligned. We want consumer protections. We want to avoid money laundering and to counter terrorism.”
To read the Motive Partners white paper on Libra, visit the Thought Leadership section of our website next Tuesday.
Motive Podcasts
This week, we bring you another milestone in the Motive Partners Future of Finance podcast from London Technology Week: an interview with Alderman Peter Estlin, The Rt Hon The Lord Mayor, a great privilege and we took away many valuable lessons. Tune in to learn about the City of London Corporation’s history, the Lord Mayor’s perspective on the UK’s prosperous future and the biggest lessons he has learnt throughout his career!
All episodes are on Apple PodcastsSpotify or Google Podcasts.
Our favourite moment?
12:26: The Lord Mayor explains why digital skills are integral to his mayoral programme in “shaping tomorrow’s City today.”
FinTech of the Week
Our FinTech of the Week is Global Shares, a leading global provider of employee equity software and stock plan management solutions, and a Motive Partners portfolio firm.
Whether you are a private or public company, operating nationally or internationally, when you choose Global Shares you are supported by a top class team of more than 300+ equity experts and an award-winning software platform to do all the hard work for you.
Global Shares solutions include a proprietary global technology platform, administration, brokerage, custody, financial reporting, compliance and more. We are a MiFID and FINRA/SEC regulated firm.
Global Shares has 12 office locations globally including New Jersey, Nashville, Clonakilty (HQ), Cork, London, Edinburgh, Munich, Madrid, Barcelona, Lisbon, Hong Kong and Beijing.
Reach out and connect with them: www.globalshares.com @GlobalShares
Upcoming Industry Events
Select M&A Activity
Ripple invests $30M in MoneyGram, enters partnership on foreign exchange settlement
UnitedHealth Will Pay $3.2B For Payments Co Equian
Funding Activity
Alibaba seeks stock split to boost available shares ahead of reported Hong Kong listing
Bill.com To IPO
Slack’s value rockets as stock closes up 48.5% in public debut
Startup PayFit Raises Funding For Payroll Tech
Token secures $16.5m funding for open banking
What We're Reading
Mastercard to offer Priceless Experiences skill via Amazon, Google smart speakers
Mastercard's New Card Lets LGBTQIA+ Customers Use Their True Name
What The Launch Of Facebook's Libra Means For Payments
Standard Chartered launches one-stop digital FX platform
JP Morgan’s secretive UK digital bank plans revealed
Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue
Goldman's Adam Dell Says Legacy Retail Banks Are in Trouble
$18 Trillion Held by Poorest of the Rich Is New Bank Battlefront
Deutsche Bank to set up 50 billion euro bad bank in revamp
JP Morgan’s secretive UK digital bank plans revealed
Moneyfarm partners up with Allianz
Bottomline partners with Starling to provide real-time payments
India’s payments firm MobiKwik kick-starts its international ambitions with cross-border mobile top-ups
Regulation
Facebook's cryptocurrency faced with regulatory warnings from global central bankers
European regulators are already pressing Facebook about its cryptocurrency
SEC Fines KPMG $50M For 'Ethical Failures'
Key Hires & Talent
Sponsored by JBM Consulting
Why I’ve appointed two employees to the board of Capita
UK fintech salaries on the rise
Bank Compliance Jobs at Risk as Nordea, Danske Target Robots
NatWest Markets appoints Kirk Wylie head, financing and risk solutions technology
Natwest appoints former Circle executive as Mettle CEO
PayPal COO Bill Ready Announces Departure
CTO the latest to join Wells Fargo's roster of new tech leaders
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