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  • @fintechna 12:02 pm on June 13, 2020 Permalink | Reply
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    Banking Data Centers Are Giving Way To Public Clouds 

    Cloud is coming faster than expected in U. S. banking, said Alexa Guenoun, president of the Americas and Global Head of Partners for Temenos.
    Financial Technology

  • @fintechna 10:53 am on June 12, 2020 Permalink | Reply
    Tags: 129000, , , , , , , ,   

    Kabbage Processed 129,000 SBA PPP Loan Applications For Nearly $4 Billion 

    , the Atlanta-based small business lending , was the fourth largest processor of SBA payroll support loans (PPP).
    Financial Technology

  • @fintechna 9:54 am on June 11, 2020 Permalink | Reply
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    Banking Data Centers Are Giving Way To Public Clouds 

    Cloud is coming faster than expected in U. S. banking, said Alexa Guenoun, president of the Americas and Global Head of Partners for Temenos.
    Financial Technology

  • @fintechna 1:40 pm on May 29, 2020 Permalink | Reply  

    FT Partners Advises on $4.3 billion Valuation for Marqeta as it Raises $150 million in Growth Financing 

    FT Partners is pleased to announce our role as exclusive strategic and financial advisor to Marqeta on its $150 million growth financing, valuing the company at $4.3 billion, an approximately 2.5x increase from the prior round valuation, which closed less than a year ago. The round was led by one of the largest asset managers in the world. The Marqeta round, along with our recently announced ~$400 million financing for AvidXchange, both stand out since they were led by new investors and represent valuations that were substantial increases from the most recent prior rounds. Many recent large financing rounds have been led by insiders and at down or flat valuations. This round brings the total capital raised by FT Partners for Marqeta to over $500 million.

    Founded in 2010, Marqeta is the first global modern card issuing platform and supports the world’s fastest-growing innovators at scale, including Square, Affirm, DoorDash, Klarna and Instacart, by providing the most advanced infrastructure and tools for building highly configurable payment solutions.

    The Marqeta transaction highlights FT Partners’ ability to drive optimal results for our clients, even during these challenging market conditions. This transaction also underscores the long-term nature of many of our client relationships. FT Partners has advised Marqeta on all of its capital raising since 2015. Since then, the Company’s enterprise value has grown by over 40x. Prior to this round, we advised Marqeta on its $260 million Series E financing led by Coatue in 2019, its $45 million financing led by ICONIQ in 2018, its strategic $25 million financing led by Visa in 2017, and its $25 million financing in 2015.

    This transaction builds on FT Partners’ track record representing numerous FinTech “Unicorns” with $1 billion+ valuations, and extensive history advising on multi-billion dollar transactions including:

  • @fintechna 1:36 pm on May 29, 2020 Permalink | Reply  

    Zwipe & Galileo Sponsor Group Futurista’s 2nd Futurecast Webinar 

    Group Futurista is a global tech based event company. They have organized numerous summits across Europe in the past two years. To keep up with the current pandemic situation, Group Futurista launched the ‘FutureCast Series of Webinars’ last month.

    After a massive success of their first webinar, Group Futurista is coming up with its 2nd webinar in the series of ‘Future of Webinar Series’ about how COVID-19 is accelerating the rise of contactless payments. There will be topmost key decision makers joining in from different financial institutions to talk at length about the constant increase of digital payment adoption globally.

    The gold sponsors for this webinar are Zwipe, &Galileo. 

    Zwipe’s  biometric payment platform is the most widely piloted solution in the emerging marketplace. André Løvestam, CEO of Zwipe will speak about ‘Peace of Mind with NextGen Contactless Payments in COVID-19 times’. 

    On the other hand, talking about Galileo, they are the only payments innovator that applies tech and engineering capabilities to empower fintechs and financial institutions to unleash their full creativity to achieve their most inspired goals.

    Accompanying partners for this webinar are BBVA, Banco De Portugal, Amazon & UK Finance. Not to mention Greensheet, the media sponsor for ‘Future of Contactless Payments post COVID-19’ 

    This webinar will also have an interactive fireside chat where the lead sponsors along with one of the key speakers will discuss about the impact of COVID_19 on the cashless society. To know more about contactless payments, join Group Furturista’s upcoming webinar

    ‘Future of Contactless Payments post COVID-19’ 

    When is it?

     3rd June, 2020 

    What time?

    14 HRS BST.

    Anyone interested can register here.

    Log on to https://groupfuturista.com/ to learn more

  • @fintechna 8:53 pm on May 28, 2020 Permalink | Reply
    Tags: , Chicago, , , , Links, , , , Vetted   

    Chicago Fintech Links Lender Web Sites To Provide Vetted Help For Borrowers 

    Loan collection agents at BMO Harris Bank have a new tool for helping people who have fallen behind on their payments — a link from the bank’s web site to a carefully list of nearby nonprofits and government agencies that can such as heating assistance, discounted prescription…
    Financial Technology

  • @fintechna 2:33 pm on May 26, 2020 Permalink | Reply  

    Venture Summit Virtual Connect | Global 

    Where Innovation Meets Capital

    August 4th – 6th 2020

    Special offer:  Register Now & Save 20% off Early Bird Rates (Use discount code “FINTECHNAVIP)

    FintechNA is pleased to announce its sponsorship and invite you to join us on the dedicated Track at Venture Summit Virtual Connect | Global

    * Call for Top Innovators Details below


    Come meet, interact and network online with more than 1,300 VCs, Corporate VCs, angel investors, industry execs and founders of venture backed, emerging and early stage companies at the prestigious Venture Summit Virtual Connect | Global being held virtually on August 4th – 6th 2020. Featuring a dedicated Fintech Track.

    Whether you’re a startup seeking capital and exposure, or an investor seeking new deals, Venture Summit Virtual Connect | Global presented by youngStartup Ventures – is the event of the year you won’t want to miss.

    A highly productive venture conference, the dedicated Fintech Track at Venture Summit Virtual Connect | Global is dedicated to showcasing VCs, Corporate VCs and angel investors committed to funding venture backed, emerging and early stage Fintech companies.

    Lineup of over 200 VCs & Angels that spoke and judged at Venture Summit | Virtual Connect includes:

    Ben Abadi, Managing Director, Energy Innovation Capital | Andrew Abrams, Vice President, New Science Ventures | Nick Adams, Managing Partner, Differential Ventures | Susan Akbarpour, Partner, Candou Ventures | Tala Al Jabri, Partner, HOF Capital | Joel Albarella, Founder, New York Life Ventures | Jordi Argente, Independent Angel Investor, Angel Investor | Paul Asel, Managing Partner, NGP Capital | Doug Atkin, Managing Partner, Communitas Capital Partners | Mark Austin, Managing Director, Viridian Capital | Shannon Austin, Partner, Financial Venture Studio | Steffen Bartschat, Angel Investor, Sand Hill Angels | Tom Bennett, Early Stage Advisor, Arc Capital Investors | Ben Bergsma, Senior Associate, Munich Re Ventures | Mike Biddle, Managing Director, Evok Innovations | Alexa Binns, Principal, Halogen Ventures | Wade Bitaraf, Founder, Energy & Sustainability, Plug & Play Tech Center | Dave Blivin, Managing Director, Cottonwood Fund | Jason Blumberg, Co-founder & Managing Director, Energy Foundry | Greg Bohlen, Managing Director, Union Grove Venture Partners | Lyndsey Boucherle, Principal, Better Ventures | Maureen Boyce, Managing Partner, Good Growth Capital | Peter Bruce-Clark, Partner, Social Impact Capital | Pratik Budhdev, Investment Director, Volvo Cars Tech Fund | Amy Burr, Managing Director, JetBlue Technology Ventures | Daniel Burstein, Managing Partner, Millennium Technology Value Partners | Carlos Bustamante, Venture Partner, F-Prime Capital | Peter Campitiello, Partner, McCarter & English, LLP | Adam Carson, Operating Partner, Point72 Ventures | Ray Chan, Managing Director, K5 Ventures | Amy Cheetham, Vice President, Costanoa Ventures | Michael Cheng, Managing Director, Drum Tower Ventures | Victoria Cheng, Director Venture Investing, Citi Ventures | Gwen Cheni, Venture Partner, Fusion Fund | Ryan Chou, Investment Associate, JetBlue Technology Ventures | Andrew Clapp, Managing Director, CIG CAP | Fred Cohen, President of the Pebble Beach chapter, Keiretsu Forum | Jillian Cohn, Investor, Santander InnoVentures | Dan Conley, Active Angel, NJ Angels | Clifford Conor, Investment Principal, E. ON | Darren Cooke, Investor, Life Science Angels | Anke Corbin, Founder & CEO, Globig.co | Martha Cosgrove, Investing Associate, Boeing HorizonX Ventures | Danny Cotter, Principal, The Westly Group | David Cruikshank, Partner, ARCH Venture Partners | Jan Danisman, Executive Director, Invest in Bavaria | Ross Darwin, Principal, Owl Ventures | Oscar Decotelli, CEO, DXA Investments | Anne DeGheest, Founder, HealthTech Capital | Angelo Del Priore, Partner, HP Tech Ventures | Jun Deng, Partner, Joyance Partners | Dan Doble, Managing Director, SABIC Ventures | Ted Driscoll, Managing Partner, DigitalDX Ventures | James Dugan, CEO & Managing Partner, OCA Ventures | Robert Dunkle, President, ABES Venture Partners | Amy Dyck, Associate, Framework Venture Partners | Chinedu Echeruo, Founder, Startup School of Alchemy | Chris Erickson, General Partner, Pangaea Ventures | Ali Farahanchi, Director, DHVC | Chenoa Farnsworth, Managing Partner, Blue Startups | Manny Fernandez, Founding Partner, SF Angels Group | Anna Fokina, Senior Associate, Data Collective | Haley Fradkin, Senior Investment Associate, Plum Alley | Isabelle Freidheim, Co-founder & Managing Partner, Starwood VC | Emily Fritze, Senior Associate, The Westly Group | Will Fung, Senior Associate, Samsung Catalyst Fund | Carolin Funk, Investment Director, Blue Bear Capital | Veronica Gabriele, Associate, Munich Re Ventures | Alison Gerlach, Managing Partner, Breakthrough Ventures | Gary Gershony, Angel Investor, Life Science Angels | Norm Gitis, Managing Partner, Lymo Ventures | Ajay Gopal, Principal, Framework Venture Partners | Balaji Gopinath, General Partner, Kubera Venture Capital | Linda Greub, Founder, Avestria Ventures | Deepak Gupta, Managing Partner, Blue Bear Ventures | James Haft, CEO, PALcapital | Chris Hagenbuch, Special Counsel, Pepper Hamilton, LLP | Charlie Hanna, Investor, Marcy Venture Partners | Jana Hanova, Director, Evok Innovations | Daniel Harris, Managing Director, DPH Ventures | Florian Haupt, Partner, TruVenturo | Nathaniel Henshaw, President, CEI Ventures | Krisztina “Z” Holly, Venture Partner, Good Growth Capital | Brian Horner, President, Tech Coast Angels | Guy Horowitz, Partner, Deutsche Telekom Capital Partners | Jens Horstmann, Founding Director, Crestlight Ventures | Toan Huynh, Partner, Information Venture Partners | Ben Jen, Investor, Ben Jen Holdings | Michael Julve, Associate, 500 Startups | Kathleen Jurman, Corporate Technology Scout, Dow Ventures | Jimmy Kan, Principal, Anzu Partners | Joseph Kao, Principal, Millennium Technology Value Partners | Theo Katsoulis, Associate, Financial Venture Studio | Kyle Keeney, Entrepreneur in Residence, Elevate Ventures | James Kempf, Investor, E8 Angels | Najib Khouri-Haddad, General Partner, Sway Ventures | Yasemin Kliman, President, Harvard Business School Angels | Howard Ko, Principal, Morpheus Ventures | Stephanie Koenig, Chief of Staff, Moderne Ventures | Steven Konsek, Program Director, National Science Foundation | Luda Kopeikina, Investment Director, DSM Venturing | Daniella Kranjac, Co-Founder & Managing Director, Dynamk Capital | Elaine Kunda, Founder & Managing Director, Disruption Ventures | Ricky Lai, Principal, Portag3 Ventures | Sebastien Latapie, Senior Venture Associate, Dynamk Capital | Randall LaVeau, Managing Partner, BOSS Capital Partners | Julie Lawrence, Director, Wharton Alumni Angels | Anh Le, Partner, CRCM Ventures | Alex Lee, Investor, Alliance Ventures | James Lee, Investment Associate Director, Photon Fund | Claire Leurent, Principal, Johnson & Johnson Innovation – JJDC | Uri Levine, Co-Founder, Waze | Marina Levinson, Partner, Benhamou Global Ventures | Judy Li, Investment Associate, Energy Foundry | Larry Li, Managing Partner, AMINO Capital | Debbie Lin, Executive Director & Investment Manager, Boehringer Ingelheim Venture Fund | Ephraim Lindenbaum, Managing Director, Advance Ventures | Darwin Ling, Founding General Partner, Good AI Capital | Steven London, Partner, Pepper Hamilton LLP | Edwin Loredo, Vice President, Core Innovation Capital | Georgia Lu, Partner, Magnet Ventures | Vincent Lui, Director, Rhapsody Ventures | Eric Ly, LinkedIn Co-Founder & Hub CEO, Hub | Raoul Maier, Founding Partner, Eudemian Ventures | Radhika Malik, Investment Manager, Samsung Catalyst Fund | Eugene Malobrodsky, Venture Partner, One Way Ventures | Mike Mansell, Associate, American Family Ventures | Ricky Margolis, VP of Business Development, ARIE Capital | Susan Mason, Co-founding Partner, Aligned Partners | Melina Mathur, Principal, Asset Management Ventures | David Meltzer, Co-Founder, David Meltzer Enterprises & Sports 1 Marketing | Theo Mendez, Analyst, Insight Partners | Philip Mertens, Associate, DSM Venturing | Eric Meyer, Vice President, Activate Capital | Sarah Millar, Associate, City Light Capital | David Miller, Managing Director, Clean Energy Ventures | Jonathan Mo, Senior Associate, 11.2 Capital | SC Moatti, Managing Partner, Mighty Capital | Herb Moore, Special Counsel, McCarter & English, LLP | Mark Mueller-Eberstein, Angel Investor, Alliance of Angels | Faisal Mushtaq, Angel Investor, Tech Coast Angels | Damineh Mycroft, Investing Director, Boeing HorizonX Ventures | Rika Nakazawa, Seed Stage Investor, Alumni Venture Group | Ben Narasin, Venture Partner, NEA | Maxim Nazarov, Investor, FinSight Ventures | Ashley Ng, Director, McKesson Ventures | Ivan Nikkhoo, Managing Partner, Navigate Ventures | Kira Noodleman, Principal, Bee Partners | Faran Nouri, Managing Director, Lam Capital | Demi Obayomi, Investor, NextWorld Capital | Nihar Patel, General Partner, Journey Venture Partners | Akhilesh Pathipati, Principal, MVM Partners | Charles Paul, Vice President – Technology, Henkel Ventures | Damien Petty, Principal, Morpheus Ventures | Patrick Pfeffer, Lead Investor, Juniper Networks | Barbara Pierce, Angel Investor, Pipeline Angels | Jean-Noel Poirier, Executive Managing Director, Clean Energy Venture Group | Filipe Portela, Managing Partner, COREangels Atlantic | Era Qian, Investment Associate, Galaxy Digital | Nitin Rai, Managing Director, Elevate Capital | Estie Rand, Founder, Strand Consulting | Bill Reichert, Managing Director, Garage Technology Ventures | John Ricci, Managing Director, US Angels | Martin Ringlein, Venture Partner, NextGen Venture Partners | Frederik Paul Roever, Partner, R&P Global | Mario Ruiz, Investor, Paypal Ventures | Ernst Sack, Partner, Blue Bear Capital | Praveen Sahay, Managing Director, WAVE Equity Partners | Gayatri Sarkar, Managing Partner, Hype Capital VC Fund | Jennifer Schretter, Partner, PROOF VC | Jordan Segall, Enterprise Investor, Unusual Ventures | Xavier Segura, Managing Partner, Tessera Venture Partners | Kristina Serafim, Managing Director, Verizon Ventures | Greg Shepard, Managing Partner, BOSS Capital Partners | Bryan Shill, Investor, Prelude Ventures | Charles Sidman, Managing Partner, ECS Capital Partners | Sean Simpson, Director, WIND Ventures | Ratan Singh, Principal, Fort Ross Ventures | Kenn So, Associate, Shasta Ventures | David Sorin, Partner, Chair – Venture Capital and Emerging Growth Companies Practice, McCarter & English LLP | Jared Sorin, Associate, McCarter & English, LLP | Thomas Sparico, Managing Partner, Brand New Matter | Kumar Sripadam, Chair, TiE Angels | Cameron Stanfill, Venture Analyst, PitchBook | Allison Steitz, Investor, BlueRun Ventures | Li Sun, Partner, Foundation Capital | Jessica Tan, Associate, 500 Startups | Grahme Taylor, Venture Analyst, Wildcat Venture Partners | Gretchen Tibbits, Managing Director, Progress Partners | Jarrid Tingle, Managing Partner, Harlem Capital Partners | Ariane Tom, Associate, Anzu Partners | Alex Tong, Principal, Information Venture Partners | Jonathan Tower, Founding Managing Partner, Catapult VC | Matt Uretsky, Partner, McCarter & English, LLP | Erica Van, Investor, Charles River Ventures | Anuj Varma, Investor, BAM Ventures | Joe Vasquez, Partner, Revel Partners | Alessandro Vigilante, Head of Global Innovation Ecosystem, Fidelity Investments | Sonali Vijayavargiya, Managing Director, Augment Ventures | Jordan Wahbeh, Managing Partner, Bay Angels | Ron Weissman, Chairman, Software Group, Band of Angels | Alex Whitney, Senior Analyst, ManchesterStory Group | Liz Wilkinson, Director of Ventures, Nielsen Innovate | Dea Wilson, Investor, Wharton Alumni Angels | Henry Wong, Managing Director, Garage Technology Ventures | Yuanling Yuan, Senior Associate, SignalFire | Russell Yue, Investor, H.I.G. Growth Partners | Elaine Zelby, Principal & Director of Growth, SignalFire | Stephanie Zepeda, Senior Associate, Arbor Ventures | Yanan Zhao, General Partner, Magnet Ventures | Sebastian Zhou, Investor, Alpha Square Group | Simin Zhou, VP & Managing Director, UL Ventures.

    Special Offer:

    FintechNA has made special arrangement for our network to receive a special discount of 20% off the existing “early bird” savings. This conference will be attended by the best people in the industry. Please register early to avoid disappointment. 

    Register Today & Save Click here.   (Use promo code “FINTECHNAVIP)

    In addition to providing access to leading Investors, the conference will feature more than 100 pre-screened venture backed, emerging and early stage companies seeking capital, and hardcore networking. 

    Call for TOP INNOVATORS!

    Get Noticed > Get Funded > Grow Faster

    A select group of more than 100 Top Innovators will be chosen to present their breakthrough investment opportunities to an exclusive audience of Venture Capitalists, Corporate Investors, Private Investors, Investment Bankers, and Strategic Partners.

    Apply to Present / Nominate a company:

    For more information or to be considered for one of the Top Innovator slots click here https://bit.ly/2XlwUyZ .

    Seed Pitchfest:

    If you are a seed stage company seeking angel funding of less than $1M (and have raised less than $300,000) click here to apply for the Seed stage track.

    We look forward to seeing you there. 

    FintechNA & youngStartup Ventures

  • @fintechna 1:52 pm on May 20, 2020 Permalink | Reply  

    Societe Generale Performs The First Financial Transaction Settled With A Central Bank Digital Currency 

    On 14 May 2020, Societe Generale SFH, the covered bond vehicle of Societe Generale, issued €40 million of covered bonds (“obligations de financement de l’habitat” or “OFH”)) as security tokens directly registered on a public . Rated Aaa by Moody’s and AAA by Fitch, these OFH Tokens were fully subscribed by Societe Generale which simultaneously paid the issuer in a digital form of euros issued by Banque de France through a blockchain platform.

    This experimentation was performed end-to-end using blockchain infrastructures, in accordance with best market practices. It demonstrates the feasibility of financial securities being digitally settled and delivered in Central Bank Digital Currency (CBDC) for interbank settlements. The challenge of this experimentation is to identify how innovative technologies could improve the efficiency and fluidity of payment systems and financial infrastructures, allowing a better financial sector to ensure the smooth financing of the economy. It paves the way for the automation and shortening of payment processes, with simplified market infrastructures and strengthened security.

    This transaction follows in the footsteps of an initial issue worth €100 million in security tokens by Societe Generale SFH on 18 April 2019, which was settled in the traditional manner in euros. It seals a new stage in the development of Societe Generale Forge platform, aimed at promoting new blockchain-based market activities.

    Innovation is central to Societe Generale Group’s digital transformation. The Group has been involved for several years in numerous initiatives based on blockchain and distributed ledger technologies, which could pave the way for the automation and shortening of payment processes, with simplified market infrastructures and strengthened security. This test transaction carried out with the Banque de France is a new step in Societe Generale scaling up in its transformation, using the most innovative technologies, with the aim of better serving its clients.

    Societe Generale

    Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world’s societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.

    Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 138,000 members of staff in 62 countries and supports on a daily basis 29 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:

    French Retail Banking which encompasses the Societe Generale, Crédit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;

    International Retail Banking, Insurance and Financial Services to Corporates, with networks in Africa, Russia, Central and Eastern Europe and specialised businesses that are leaders in their markets;

    GlobalBankingandInvestorSolutions,whichoffersrecognisedexpertise,keyinternationallocationsandintegrated solutions.

    Societe Generale is included in the principal socially responsible investment indices: DJSI (World and Europe), FTSE4Good (Global and Europe), Euronext Vigeo (World, Europe and Eurozone), four of the STOXX ESG Leaders indices, and the MSCI Low Carbon Leaders Index.

  • @fintechna 8:53 am on May 16, 2020 Permalink | Reply
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    More Data, More Digitalization Creates More Cyber Risks 

    Corvus Insurance Holdings offers risk insurance that relies on advanced to underwrite coverage for companies with up to $ 2 billion in annual revenues.
    Financial Technology

  • @fintechna 12:53 am on May 8, 2020 Permalink | Reply
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    Banks Avoid Fintechs At Their Peril —Leaders Learn How To Collaborate 

    “The harsh reality is that have moved ‘from disruption to reality,’ and that haven’t embraced effective collaboration with startups are struggling to retain and acquire new customers.”
    Financial Technology

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