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  • @fintechna 10:55 am on January 14, 2020 Permalink | Reply
    Tags: , Align, , , , Insights, , ,   

    Banking And Fintechs Will Align More in 2020, Say CB Insights and Mastercard 

    Because consumers now expect credit and payment to be integral parts of the overall experience, are transforming how they deliver products, and and digital players have moved into .”
    Financial Technology

     
  • @fintechna 12:19 am on July 2, 2018 Permalink | Reply
    Tags: DeNovo, , Insights, , Shutters   

    PwC Shutters DeNovo, Its ‘Fintech Insights’ Platform 

    The global professional services company PwC announced via email it will shutter its , which delivered and analysis on startups, at the end of June. The email reads, in part: At the end of June we will retire DeNovo in its current form. Going forward, we are shifting our resources to specific [&;]
    Bank Innovation

     
  • @fintechna 12:18 am on May 2, 2018 Permalink | Reply
    Tags: , , , , Insights, ,   

    Metro Bank Explores Additional Use for AI-Driven PFM Tool, Insights 

    U.K. challenger Bank could extend its AI-driven money management , designed for its retail side, to its business customers. Formed in partnership with Israeli AI company Personetics, Metro Bank is currently preparing to roll out Insights in beta over the summer. After that phase, it will be available to the rest of [&;]
    Bank Innovation

     
  • @fintechna 12:19 am on March 7, 2017 Permalink | Reply
    Tags: , , , , , Insights,   

    Kasisto Announces KAI Insights at Bank Innovation 2017 

    wants to make proactivity the norm when it comes to banking. The conversational AI company today announced KAI , a data-driven service that will be integrated into its KAI for Banking platform, during the  event taking place in San Jose, Calif. The integration of KAI Insights into this platform will allow [&;]
    Bank Innovation

     
  • @fintechna 3:35 am on November 18, 2016 Permalink | Reply
    Tags: , Capitalbacked, , , , , Insights, , Q3’16, ,   

    Global Venture Capital-backed Fintech Funding Declines In Q3’16: KPMG And CB Insights 

    Investors continued to take a much more cautious approach to investments this year. capital (VC)-backed fintech deal activity fell for the second consecutive quarter, marking its lowest level since Q2’14, according to the Pulse of Fintech, the quarterly report on global fintech VC trends published jointly by KPMG International and CB Insights.

    VC-backed fintech

    VC-backed fintech in Q3 2016

    VC-backed fintech dropped 17% to US$ 2.4B, while deal activity fell 12% to 178 deals in compared to the previous quarter. Asia was the only continent to see a fintech funding increase on a quarterly basis in Q3’16, while North America and Europe fintech funding declined. All three continents covered in the report saw fintech deal count drop.

     

    Chia Tek Yew

    Chia Tek Yew

    “Asian investors are seeing the potential of fintech amidst global uncertainty in an environment of moderating growth,” said Chia Tek Yew, Head of Financial Services Advisory, KPMG in Singapore. “As businesses continue to embark on the journey of transformation, interest and investment in Asia’s fintech sector will continue to be strong, particularly in areas like payments , insurance technology and regulatory or risk technology.”

    Mr Chia added: “Singapore is a leading fintech hub, being one of the first countries in the world to put in place a regulatory fintech sandbox. There are also plans by the authorities to explore ways to attract more VC funds, which bodes well for the overall funding ecosystem.”

     

    Asia quarterly fintech funding tops US: US$ 1.2B across 35 deals in Q3’16. While the number of VC-backed fintech deals dropped to a five-quarter low in Asia, funding increased 50% on a quarter-over-quarter basis to reach US$ 1.2B. Year-to-date results of US$ 4.7B suggest Asia-based fintech investment for 2016 could top last year’s peak investment results of US$ 4.8B. Corporates continue to be highly active in Asia’s fintech investment environment, participating in more than half of all deals to VC-backed fintech startups in Q3’16.

    North America sees fintech funding fall below US$ 1B. North America saw both fintech funding and the number of deals fall on a quarter-over-quarter basis, as VC-backed startups raised just US$ 0.9B across 96 deals, a drop of 5% in deals from Q2’16 Funding in Q3’16 to VC-backed fintech companies in North America fell 68% compared to the same quarter last year, which saw US$ 100M+ financings to the likes of Sofi, Avant and Kabbage.  and the KPMG logo are registered trademarks of KPMG International Cooperative (“KPMG International”), a Swiss entity.

    Deal Count and Investment by Continent

    Deal Count and Investment by Continent

     

    Europe fintech funding on pace to drop below 2015 levels. Q3’16 saw European fintech deals fall 17% quarter-over-quarter as fintech funding in Europe dropped 43% over the same time period to US$ 233M. Germany outpaced the UK in terms of fintech funding for the second consecutive quarter, with 35% more funding raised by German- based VC-backed fintech companies than those in the UK.

    Corporates stay active in fintech. Corporates participated in 30% of global VC-backed fintech deals for the second consecutive quarter in Q3’16, driving a significant amount of fintech deals activity globally. Citigroup, Banco Santander and Goldman Sachs have made over 20+ fintech investments in total over the past five quarters, while a host of insurers have launched corporate venture arms.

     

    Other key highlights from the Pulse of Fintech:

    The Pulse of Fintech

    The Pulse of Fintech

    Global fintech mega-rounds fell to a new low in Q3’16. Asia saw US$ 50M+ fintech rounds stay level for the fourth straight quarter, while Europe has not registered a single US$ 50M+ round to a VC-backed fintech company so far in 2016.

    The median late-stage deal size in fintech globally fell to US$ 23M in Q3’16. This is significantly smaller than the same quarter last year, when median late-stage fintech deal size hit US$ 50.2M globally.

    Total year-to-date funding to VC-backed InsurTech companies reached US$ 1.36B at the end of Q3’16. InsurTech-focused VC-backed deal activity topped 20 deals during three of the past five quarters.

    Next-gen payments has attracted US$ 1.2B+ in 2016 VC-backed funding (year-to-date). The top 20 deals, including Affirm, Mobikwik and One97, raked in 67% of the total funding to payments technology companies in the first three quarters.

    Anand Sanwal

    Anand Sanwal

     

    Anand Sanwal, CEO of CB Insights, adds: “While we continue to see significant investment into fintech companies globally, the euphoria for mega-deals that we saw into the latter half of 2015 has waned. Total investments to key areas like marketplace lending and technology have both seen heading into the tail-end of 2016.”

    The post Global Venture Capital-backed Fintech Funding Declines In Q3’16: KPMG And CB Insights appeared first on Fintech Schweiz Digital Finance News – FintechNewsCH.

    Fintech Schweiz Digital Finance News – FintechNewsCH

     
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