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Top fintech stories this week – 18 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

BBVA warns of “dangerous bubble” for blockchain ICOs

BBVA

BBVA reckons the fever for initial coin offerings (ICOs) in blockchain must be cooled as the industry is facing a “dangerous bubble” driven by speculation. ICOs are a common story in fintech at present and they allow small businesses to reach a large audience via blockchain and cryptocurrencies. (And BBVA has its own interest in […]

Is this the end of fintech as we know it?

Armands Broks, Twino

In the age of the internet, fintech dominates finance. In the UK, the sector is currently worth £7 billion, employing around 60,000 people with figures set to increase. The industry is definitely awe-inspiring, but as the lines between traditional banking services and fintech blur, fintech could disappear entirely.

Where top US banks are investing in fintech – CB Insights

Click on the image to enlarge. Source: CB Insights

Since 2012, the top ten US banks (by assets under management) have participated in 72 rounds totaling $3.6 billion to 56 fintech companies, according to CB Insights. While investment activity dropped on a quarterly basis in Q1 2017, four of the last five quarters have seen over $1 billion invested into fintech start-ups in the US backed by venture capital firms.

Morgan Stanley’s diversity-focused innovation lab welcomes first cohort

Morgan Stanley

Morgan Stanley’s new innovation lab, which aims to support multiculturalism and diversity in financial services, has onboarded five start-ups for its three-month accelerator programme.

£3.6m emergency cash injection pumped into Tandem

Tandem's future is secured

UK-based challenger bank Tandem received an emergency cash injection of £3.6 million from its existing investors earlier this year when a major funding deal with House of Fraser collapsed.

PayPal launches two innovation labs in India

RBI

PayPal has set up two innovation labs in India – based out of the company’s tech centres in Chennai and Bangalore – to help the country’s fintech start-ups grow.

Abu Dhabi Global Market and UAE Exchange partner for “vibrant fintech ecosystem”

ADGM and UAE Exchange team for fintech ecosystem

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi and UAE Exchange have teamed up “to support, develop and promote the fintech” ecosystem in the country.

HoneyDue tackles major PFM challenge: collaborative spending

HoneyDue

Managing a relationship is stressful enough without introducing unnecessary miscommunications about day-to-day spending. This is one reason why many couples maintain separate spending accounts with pre-defined responsibilities (e.g. you pay the rent, I’ll pay the utilities, etc).

Top fintech stories this week – 11 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

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