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Motive Partners - Sunday Brainfood

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Congratulations to our portfolio firm Lucht Probst Associates GmbH (LPA) on completing the acquisitio
 
August 18 · Issue #157 · View online
Brainfood
Congratulations to our portfolio firm Lucht Probst Associates GmbH (LPA) on completing the acquisition of the Israeli headquartered Modelity Technologies as they continue on their joint path as a growing Capital Markets Technology player.
By acquiring Modelity Technologies, established in 2000 and with highly skilled technology capital markets and regulatory professionals, LPA has expanded its customer base further internationally.

Quote of the Week
In an interview with the American Banker, James O'Neill, investment partner at Motive Partners, commented on how banks are increasingly embracing cloud computing, despite the recent Capital One breach in which over 100 million customer records were stolen within Amazon Web Services by a single hacker.
“Today, many large organizations have confidence in the underlying security of the cloud. The U.S. Department of Defense is using the cloud for data management. Many high-profile banks are using it. It’s now acknowledged in the industry that there’s nothing fundamental to a cloud deployment that makes it less secure. Banks are increasingly moving noncore computing to the cloud — things like data analytics, data warehouses, and data lakes. What I haven’t seen a lot yet — and perhaps this is the next wave — is movement of core banking systems themselves to the cloud.” 
Motive Podcasts
This week, on the Future of Finance, we spoke to Sheikh Bilal KhanPartner & Global Head of Islamic Finance at the international law firm, McCarthy Denning, headquartered in the City of London, and Chief Islamic Finance Officer at the Astana International Financial Centre (AIFC).
Our favourite moments?
06:56: Sheikh Bilal explains how Islamic Finance is not only for Muslims, by Muslims. It is an ethical way of finance, accessible to everyone, with an Islamic value proposition.
15:33: We hear Sheikh Bilal’s most valuable lessons he’s learnt throughout his stellar career, which he groups into four L’s: Learning, Living, Loving & Legacy.
All episodes are on Apple PodcastsSpotify or Google Podcasts.
FinTech of the Week
Our FinTech of the Week is Abaka, an AI-based enterprise platform that helps financial institutions power digital retirement advice and customer engagement solutions to their retail customers globally.
Why Abaka? 
For a long time, the world pensions landscape has been hard to navigate for many consumers who do not have the time or knowledge to seek out the best solutions for their individual circumstances. By offering ABAKA’s solution, financial institutions can support a revolution in how people retire and enable their clients to gain personalised advice that will help them plan their retirement journey as effectively as possible.
Most people are not saving enough for their retirement and are urgently looking for a simple solution that allows them to navigate an extremely complex industry. Unfortunately, many providers still rely on paper-based manual processes or human advice and don’t have the capacity to offer this type of product to their clients at scale.
The financial-advice-as-a-service solution, alongside the innovative user experience and conversational AI offered by ABAKA, enables big financial institutions to multiply their trust and credibility with their clients.
How can I find out more?
ABAKA’s financial-advice-as-a-service solution provides players in the finance industry the ability to engage, educate and empower their customers, at scale and at an affordable price. If you’re ready to revolutionise the pension industry and partner with them, you can contact them at contact@abaka.me 
Upcoming Industry Events
Select M&A Activity
Exclusive: Alibaba to Buy Kaola Unit From NetEase for $2 Billion
Source: FT Partners
Select Funding Activity
LendInvest secures £200 million investment from the National Australia Bank to expand reach in Buy-to-Let market
Irish fintech locks in biggest ASX IPO of the year
Challenger banks ride record wave of venture capital, report shows
Source: FT Partners
What We're Reading This Week
Dun & Bradstreet Releases Study on the Automation Transformation in Finance
Monzo launches loans, but they’re not the cheapest - AltFi News
Commerzbank Makes Milestone Blockchain Trade With Logistics Provider
Mobile Phones Are Replacing Bank Accounts in Africa
With the Apple Card, Goldman Sachs is getting deeper into the subprime lending business
Apple Card is here and this is what it looks like
Riga-based loan marketplace Mintos reaches €2 billion in total loans financed, launches initiative to protect the Baltic Sea
Regulation, Protection & Privacy
China's central bank says it's close to releasing its own digital currency
EU Members Adopt Tougher Crypto Rules Than AML Directive Requires
Ripple Joins Bitcoin and Ethereum In Gaining Regulatory Clarity in the UK
China's mobile payments are raising privacy concerns in Shenzhen
Key Hires & Talent
RBS picks Alison Rose as first woman to run British banking giant
Funding Circle boss James Meekings scales down as losses widen to £31 million
Gregor Dobbie appointed as CEO of Vocalink
Colleen Taylor to Lead Wells Fargo Merchant Services
Google exec joins N26 as chief banking officer
Food for Thought
“When you are eight years old, and in a quiet moment of reflection narrating for only yourself the most personal version of your life story, the telling that will be most compact and meaningful will be the series of choices you have made. In the end, we are our choices.”
- Jeff Bezos, commencement speech at Princeton University, May 30, 2010
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