Category: TechFin

EVENT: The Future of Fintech: Banking on Big Data

1/19/2021

Check out this upcoming webinar featuring US TechFin Intersystems, co-hosting with Fintech Ireland on the topic of Big Data!

Fintech Future: Banking on Big Data
“a 'data driven' approach is emerging across the financial sector affecting institutions business strategies, risk and operations with respective changes in the mind-set and culture still in progress”

What: Fintech Future: Banking on Big Data (Fintech Ireland & Intersystems)
When: Tuesday 19th January 2021 at 1400 Irish/UK time (0900 US Eastern Standard Time)
Where: Online Event
Cost: Free
Registration: https://intersystems.com/uk/fintechirelandwebinar (or via https://fintechireland.com/events/the-future-of-fintech-banking-bigdata)

Description: Fantastic response to and signups for the Fintech Ireland and InterSystems UKI upcoming co-hosted webinar on "The Future of Fintech: Banking on Big Data" with an expert panel of regulator and industry data experts who will discuss the growing importance of this area for TechFin, Fintech & FinServ.

A 'data driven' approach is emerging across the financial sector affecting institutions business strategies, risk and operations with respective changes in the mind-set and culture still in progress.

Speakers:

Andreas Papaetis, Policy Expert, at the Banking Markets, Innovation and Products Unit of the European Banking Authority, focusing on financial innovation topics.
Niamh Lawlor, Director of Analytics, United Health Group and has over 15 years experience leading teams within data and analytics predominantly in the financial services sector.
Peter Oakes, founder and fintech mentor from Fintech Ireland. Through Fintech Ireland, Peter works with the founders, boards & executives of organisations to assist and hone their business strategies, models and to make introductions to funding opportunities. He also advises on regulatory issues facing the fintech sector, regularly presenting at global Fintech events and conferences.
Michael Hom, Head of Financial Solutions at InterSystems. Michael has over 25 years of experience working in the Financial Services industry. Prior to joining InterSystems, one of the world’s most trusted data management platform providers, Michael was a Managing Director managing Global Rates, Securitized Products, and Municipals Technologies at Royal Bank of Canada Capital Markets. Previously, he was an Executive Director overseeing Cross Product Technologies including Risk, Sales and Trade Management at Nomura Securities.

Thanks to Simon Cocking & the team at Irish Tech News for covering & publishing articles on the impact of big data & advanced analytics:

* Leveraging Innovative Technology To Ensure Success For Ireland’s Fintech Sector - https://irishtechnews.ie/leveraging-innovative-technology-ireland-fintech/

* Fintech Future: Banking On Big Data - https://irishtechnews.ie/fintech-future-banking-on-big-data-webinar/

Top 10 take-aways from FT Partners' Q3 2020 FinTech Insights Report

11/22/2020

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This blog is curated based on material published by FT Partners.

FT Partners Publishes Q3 2020 FinTech Insights
The top 10 take-aways about Fintech in Q3 2020, according to FT Partners:

FinTech financing volume in Q3 2020 reached $12.0 billion.
74 financing rounds of $100 million or more, with 29 occurring in Q3.
Q3 2020 represents the 3rd largest quarterly volume ever.
74 financing rounds of $100 million or more, with 29 occurring in Q3 2020.
IPO market remains very active as well, with 22 global FinTech IPOs this year
15 IPOs in 2020 happened in Q3 alone.
FinTech M&A volume in Q3 2020 was 3rd highest ever at $66.8 billion.
COVID-19 had a greater impact on M&A activity compared to financing activity
Q3 2020 M&A activity levels signify a snapback to pre-COVID levels.
FinTech M&A activity in 2020 has also had a huge uptick in the number of mergers with special purpose acquisition companies or “SPACs”. There have been 9 SPAC deals announced or closed just within in the first three quarters of 2020, compared to only 2 in all of 2019.

Note: FT Partners’ FinTech Insights Reports are published on a quarterly basis, along with a comprehensive year-end FinTech Almanac. All information included in the reports is sourced from FT Partners’ Proprietary Transaction Database, which is compiled by the FT Partners Research Team through primary research and data analysis.

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Bye Fintech. Hello Techfin.

6/26/2020

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We could not agree more, David!

This article in Forbes neatly positions the TechFin v FinTech debate (if there is one at all) and why we are delighted to have USTechFin.com to complement US-Fintech.com.

"it is the TechFins, not the FinTechs, who are the real challengers.

"The TechFins, not the FinTechs, who are the real challengers." says David G.W. Birch, Contributor Fintech, Forbes.com who is a Fintech Author, advisor and global commentator on digital financial services. Other points to note:

TechFins are the technology companies who embed financial services to make their own products more attractive but whose business model does not depend on margin in those financial services.
Nonetheless, overlay services are the way forward, and this is where the real challenges will come from. [David W. Birch] said in The Economist (“Plug and pay”, 21st November 2019), when talking about bank products such as loans and mortgages being distributed through a bank sales force, financial services products are heavily regulated (as they should be) and this makes them unappealing for Big Tech. On the other hand, though, it is easy for the TechFins to distribute these products. And here there is a battle looming but it is the TechFins, not the FinTechs, who are the real challengers.
The TechFins are more than happy to have banks, for example, do the boring, expensive and risky work with all of the compliance headaches that come with it.

Further reading: The Economist (“Plug and pay”, 21st November 2019)

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EVENT: The Future of Fintech: Banking on Big Data

Top 10 take-aways from FT Partners' Q3 2020 FinTech Insights Report

Bye Fintech. Hello Techfin.

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