Top fintech news daily 2019 from 16-22 September curated by the VisibleBanking.com team with the help of our fintech community.
In this series, we aim to curate only the very best, most insightful fintech news from all over the world.
Fintech News Daily: Contribute!
We invite you to help us by submitting any article (in English) you believe is highly relevant and/or voting for your favourite article. Last but not least, please share your comments on any of those articles via the straight forward comment section available on every entry.
We curate your submission, so please no self-promotion or vendor success stories here. Alternatively, feel free to enquire for our sponsoring opportunities.
Fintech News Daily: 16-22 September 2019
"According to Innovate Finance’s latest Venture Capital Investment Report, only 17 per cent are set up by women, a frustrating statistic for an industry that aims to foster fairer and more inclusive financial services.
While the reasons for the lack of female leadership are varied and complex, what remains clear is that women make great FinTech entrepreneurs and often outperform many male-led start-ups.
Here are 10 up-and-coming UK female FinTech firms to watch out for, according to leading investors, industry peers and influential champions."
Source: business cloud.co.uk
"Global fundraising for InsurTechs neared a record-breaking $3 billion in the first six months of 2019 and is on track to reach $6 billion by year-end, says “The InsurTech M&A Market Report,” a new report from Hampleton Partners, an international mergers and acquisitions (M&A) advisor. In 2018, InsurTech investments reached $4.2 billion for the entire year, which was a 27% increase over 2017."
"The development comes in the wake of a push by the Insurance Authority in September to encourage insurers to use insurtech, or technology such as big data to reduce costs and enhance services. Last month AIA introduced a robot called Andy to answer insurance-related questions from customers."
Source: South China Morning Post
The company's chief executive Kristo Käärmann said that “A lot of fintech companies have grown fast and grown big and can command high valuations and raise a lot of money. It looks to me that we're one of those rare breeds of unicorn who are also profitable and sustainable.”
"Onfido, Monzo and Revolut topped the annual FinTech 50 list, which is created by a panel of experts from firms including Standard Chartered, UBS, Mastercard and venture capital firm Accel.
The list ranks the most innovative European firms which are disrupting the world of banking. Five British firms made it into the top 10 of the list."